SEC Issues Final Rule Related to Qualifying Venture Capital Funds

The SEC has released a final rule that amends the Investment Company Act of 1940 “to adjust for inflation the dollar threshold used in defining a ‘qualifying venture capital fund’ . . . and to allow the Commission to make subsequent inflation adjustments by order according to the rule.” Specifically, under the final rule, the dollar threshold related to “aggregate capital contributions and uncalled committed capital” increases from $10 million to $12 million.

For more information, see the press release on the SEC’s Web site.