Market Street Private Markets Fund V Seeks Investment Company Act Exemption
Market Street Private Markets Fund V, LLC filed a document with the SEC on March 18, 2026, specifying an exemption under Section 3(c)(1) of the Investment Company Act, according to SEC EDGAR. The filing, identified as Item 3C.1, relates to the fund’s status as a private investment vehicle.
Details of the Filing
The SEC filing for Market Street Private Markets Fund V, LLC was submitted under accession number 0002085516-26-000001 and includes Item 3C, which pertains to exemptions under the Investment Company Act. The document size is 14 KB, and it explicitly references Section 3(c)(1), as recorded in the SEC EDGAR database. This filing indicates the fund’s intent to operate without registering as an investment company.
Context of Section 3(c)(1)
Section 3(c)(1) of the Investment Company Act, a widely-known provision, allows certain private funds to avoid registration if they have fewer than 100 beneficial owners; in this case, Market Street Private Markets Fund V, LLC has claimed this exemption in its March 18, 2026 filing, according to SEC EDGAR.
Implications for the Fund
The filing by Market Street Private Markets Fund V, LLC on March 18, 2026, under Item 3C.1, aligns with standard procedures for funds seeking to maintain their private status, as detailed in the SEC EDGAR records.
