NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Hard Close: Stops all new investments when fully subscribed.
  • Fund Raising Timeline: Defined in the PPM, typically 12-18 months.
  • Placement Agents: Hired to assist in fundraising efforts.
  • Fee Disclosure: Management and performance fees shared upfront.
  • Side Letters: Negotiated with large investors for preferential terms.

NISM 19C Alternative Investment Fund Managers

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