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Form PF Reporting Form For Investment Advisers To Private Funds (SEC2048) PF - Official Federal Forms
| Form PF Reporting Form For Investment Advisers To Private Funds (SEC2048) Form. This is a national form and can be used in Securities And Exchange Commission . |
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FORM PF (Paper Version) Reporting Form for Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors OMB APPROVAL OMB Number: 3235-0679 Expires: December 31, 2014 Estimated average burden hours per response: 52.88 Form PF: General Instructions Page 1 Read these instructions carefully before completing Form PF. Failure to follow these instructions, properly complete Form PF, or pay all required fees may result in your Form PF being delayed or rejected. In these instructions and in Form PF, "you" means the private fund adviser completing or amending this Form PF. If you are a "separately identifiable department or division" (SID) of a bank, "you" means the SID rather than the bank (except as provided in Question 1(a)). Terms that appear in italics are defined in the Glossary of Terms to Form PF. 1. Who must complete and file a Form PF? You must complete and file a Form PF, if: A. You are registered or required to register with the SEC as an investment adviser; OR You are registered or required to register with the CFTC as a CPO or CTA and you are also registered or required to register with the SEC as an investment adviser; AND B. C. You manage one or more private funds. AND You and your related persons, collectively, had at least $150 million in private fund assets under management as of the last day of your most recently completed fiscal year. Many private fund advisers meeting these criteria will be required to complete only Section 1 of Form PF and will need to file only on an annual basis. Large private fund advisers, however, will be required to provide additional data, and large hedge fund advisers and large liquidity fund advisers will need to file every quarter. See Instructions 3 and 9 below. For purposes of determining whether you meet the reporting threshold, you are not required to include the regulatory assets under management of any related person that is separately operated. See Instruction 5 below for more detail. If your principal office and place of business is outside the United States, for purposes of this Form PF you may disregard any private fund that, during your last fiscal year, was not a United States person, was not offered in the United States, and was not beneficially owned by any United States person. 2. I have a related person who is required to file Form PF. May I and my related person file a single Form PF? Related persons may (but are not required to) report on a single Form PF information with respect to all such related persons and the private funds they advise. You must identify in your response SEC 2048 (12-11) American LegalNet, Inc. www.FormsWorkFlow.com Form PF: General Instructions Page 2 to Question 1 the related persons as to which you are reporting and, where information is requested about you or the private funds you advise, respond as though you and such related persons were one firm. 3. How is Form PF organized? Section 1 All Form PF filers Section 1a All private fund advisers required to file Form PF must complete Section 1a. Section 1a asks general identifying information about you and the types of private funds you advise. All private fund advisers required to file Form PF must complete Section 1b. Section 1b asks for certain information regarding the private funds that you advise. All private fund advisers that are required to file Form PF and advise one or more hedge funds must complete Section 1c. Section 1c asks for certain information regarding the hedge funds that you advise. Section 1b Section 1c Section 2 Large hedge fund advisers Section 2a You are required to complete Section 2a if you and your related persons, collectively, had at least $1.5 billion in hedge fund assets under management as of the last day of any month in the fiscal quarter immediately preceding your most recently completed fiscal quarter. You are not required to include the regulatory assets under management of any related person that is separately operated. Subject to Instruction 4, Section 2a requires information to be reported on an aggregate basis for all hedge funds that you advise. Section 2b If you are required to complete Section 2a, you must complete a separate Section 2b with respect to each qualifying hedge fund that you advise. However: if you are reporting separately on the funds of a parallel fund structure that, in the aggregate, comprises a qualifying hedge fund, you must complete a separate Section 2b for each parallel fund that is part of that parallel fund structure (even if that parallel fund is not itself a qualifying hedge fund); and if you report answers on an aggregated basis for any master-feeder arrangement or parallel fund structure in accordance with Instruction 5, you should only complete a separate Section 2b with respect to the reporting fund for such masterfeeder arrangement or parallel fund structure. Section 3 Large liquidity fund advisers Section 3 You are required to complete Section 3 if (i) you advise one or more liquidity funds and (ii) as of the last day of any month in the fiscal quarter immediately preceding your most recently completed fiscal quarter, you and your related American LegalNet, Inc. www.FormsWorkFlow.com Form PF: General Instructions Page 3 persons, collectively, had at least $1 billion in combined money market and liquidity fund assets under management. You are not required to include the regulatory assets under management of any related person that is separately operated. You must complete a separate Section 3 with respect to each liquidity fund that you advise. However, if you report answers on an aggregated basis for any master-feeder arrangement or parallel fund structure in accordance with Instruction 5, you should only complete a separate Section 3 with respect to the reporting fund for such master-feeder arrangement or parallel fund structure. Section 4 Large private equity advisers Section 4 You are required to complete Section 4 if you and your related persons, collectively, had at least $2 billion in private equity fund assets under management as of the last day of your most recently completed fiscal year. You are not required to include the regulatory assets under management of any related person that is separately operated. You must complete a separate Section 4 with respect to each private equity fund that you advise. However, if you report answers on an aggregated basis for any master-feeder arrangement or parallel fund struc
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