The document is a Confidential Private Placement Memorandum for the Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. It outlines disclosure requirements and potential compliance issues for the Manager, General Partner, and Second GP, including the need for registration as placement agents or lobbyists, and the associated costs. It also discusses the risks of non-compliance with state or local regulations, which could lead to civil or criminal penalties, or voidable contracts. The memorandum includes forward-looking statements, emphasizing that actual results may differ due to various factors beyond the Fund's control. Potential investors are advised to read the memorandum thoroughly and consult professional advisers before investing.
documents/EFTA01452000.pdf
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