For investors that don’t quite meet the accreditation standard, there are other compelling institutional quality investments, commonly referred to as Alternative Investments or Alts. The management and operation of many alternatives in the United States are subject to certain federal regulations including:
The Investment Company Act of 1940 (the “1940 Act”)
The Securities Act of 1933 (the “Securities Act”)
The Securities and Exchange Act of 1934 (the “Exchange Act”)
The Investment Advisers Act of 1940 (the “Advisers Act”).
In addition to federal regulations in the United States, Alternative Investment Funds may be subject to state securities laws (also known as “blue sky” laws) in any state in which a participating investor is based. In addition, depending on the fund structure, a filing may be required to be made with the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) under the Corporate Transparency Act.
These investments are largely comprised of Commercial Real Estate, Real Estate Loans, Corporate Credit, Senior Secured Loans, and other debt;
