OWS Capital Closes Second Offshore Fund Under 3(c)(7) Structure
OWS Capital has closed its second offshore fund under the 3(c)(7) exemption of the Investment Company Act, according to a recent SEC filing amendment. The fund is part of the firm’s ongoing capital raising efforts and includes administrative details such as incorporation and fiscal reporting.
OWS Capital’s Fund Strategy
The 3(c)(7) structure allows qualified private funds to limit investors to no more than 1,000 individuals who meet financial sophistication criteria, enabling firms like OWS Capital to avoid full registration requirements. This approach supports offshore vehicles that attract capital from international sources, providing flexibility for emerging managers. The fund’s incorporation follows standard practices for such exemptions, targeting high-net-worth individuals and institutional investors. This marks a continuation of OWS Capital’s strategy, building on its first fund.
SEC Filing Insights
The SEC filing amendment, identified as Type D/A under Act 33, includes administrative details such as an Employer Identification Number (EIN) of 000000000, a state of incorporation coded as E9, and a fiscal year end of December 31. The filing’s file number is 021-201381, and the film number is 26732225, indicating an updated submission for regulatory transparency, according to SEC EDGAR. These elements ensure compliance for entities using 3(c)(7) exemptions.
