General Solicitation using Reg. D 506c

Are you contemplating launching a fund under the new Regulation D 506c exemption by using an advertising campaign targeted directly to prospective investors?  This avenue is open to fund sponsors, but use of of the new 506c exemption raises various new compliance obligations that fund sponsors must be prepared to support.  Great Lakes Fund Solutions can help.

Investors in the fund need technology at their disposal to prove their Accredited Investor status and effectively build a case that the investment is suitable for them in accordance with the policies of the fund sponsor.  Also the fund sponsor needs to comply with the Bad Actor provisions by screening management and any selling agents.

Great Lakes Fund Solutions builds capability to the specifications of our clients.  A new 506c fund product will require more that the average customization of our systems, but we anticipate that the compliance functionality referenced above can be prepared during the regulatory approval process of the product.  Our email-solicitation-campaign technology is already in place.

Since 1982 our firm has specialized in providing technology, compliance and operational support to fund sponsors that raise capital from a large number of investors.  Great Lakes Fund Solutions is an ideal partner to support a fund sponsor’s IT-driven compliance efforts for a general solicitation fund.

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