NISM 19C Alternative Investment Fund Managers Exam Notes

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  • In-Kind Distribution: Distributes assets directly to investors upon exit.
  • Liquidity Impact: Exits provide liquidity for investor distributions.
  • Exit Costs: Include legal, advisory, and transaction fees.
  • Tax Implications: Capital gains tax applies based on exit type.
  • Exit Strategy Alignment: Matches fund’s investment horizon and objectives.

NISM 19C Alternative Investment Fund Managers

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