What is an AMC

A financial institution managed by the closed-end fund

A financial institution managing a closed-end fund

A vehicle created with the unique purpose to invest in funds

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It must own 1% of the funds in which it plans to invest.

It can create a joint venture and invest 50% in the fund.

the AMC must own in every fund, which must be equal to 2% of the fund

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The Closed-end fund may not obtain the approval of the authority.

Collection can come to an end before 18 months, the maximum allowed by law.

Collection can last more than 18 months, for some specific and particular projects.

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An instrument operating in the US, investing in any kind of PE.

An Anglo-Saxon instrument investing in any kind of PE.

A US instrument investing in venture capital.

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SBICs involve a public admin that must hold 50% of its equity.

SBICs differ from PPPs in that the latter involves a public company.

50% of the SBIC equity must be owned by a public company.

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They invest in closed-end fund and so that they can participate in PE activities.

They always directly invest in PE.

They only engage in hedge funds to invest in PE.

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A mechanism in which a lower level of taxation is granted to investors for capital gains without any particular conditions

A mechanism in which there is a lower level of taxation on capital gain when some conditions occur

A mechanism by which a taxation equal to 0% is granted to investors receiving capital gain

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These funds can invest in public companies, whose amount of debt is very high.

These vehicles must operate together with the banking system.

In this case the same vehicles usually investing in private equity decide to invest in private debts rather than in PE.

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584.21

454.39

462.62

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What is an AMC

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