GRN Holding Corp (GRNF)

[Mrblabla]

Disagree See Venture Capital Rule
1) Section 203(l) of the Investment Advisers Act of 1940 (the “Advisers Act”), also known as the venture capital adviser exemption, provides that an investment adviser that solely advises venture capital funds is exempt from registration with the SEC under the Advisers Act. The term “venture capital fund” is not defined in the text of the Advisers Act; instead, the term is defined in SEC Rule 203(l)-1(a) as a private fund that meets certain conditions. This would lend credibility as to why GRNF is exempt from registration with SEC and STate of Washington.

2) a fund must meet to qualify as a venture capital fund requires that the fund “[represent] to investors and potential investors that it pursues a venture capital strategy.” The standard for determining whether a fund is actually holding itself out as pursuing a “venture capital strategy” is a subjective one, depending on particular facts and circumstances. A fund is not necessarily required to use the words “venture capital” in the name of the fund. Rather, the SEC looks at the private fund adviser’s statements to investors and prospective investors as a whole. Nonetheless, in order to have a reasonable assurance that a private fund adviser is exempt from investment adviser registration, the offering materials of the fund should clearly and unambiguously state that the strategy being pursued is a venture capital strategy which GRNF is. GRNF is on the Edgar.

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