This document is a section from the Secondary Opportunities Fund III, LP's Private Placement Memorandum, focusing on legal, ERISA, and tax considerations. It discusses the implications of ERISA on investments, the 25% Test for Benefit Plan Investors, and the reporting requirements on Form 5500. It also outlines certain U.S. federal income tax considerations for investors, emphasizing the complexity of tax issues related to partnerships and advising investors to consult with tax advisers.
documents/EFTA01452017.pdf
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