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Fund Compliance

Can a fund get advisory shares from a portfolio company?

Asked by:
Community Member
2
0
0
Jun 23, 2023
2 answers
Accepted Answer
Jun 23, 2023
No. A fund can not accept advisory shares. Also, accepting shares as an individual creates various conflicts. Funds can however get warrant coverage. 
Community Member
Jun 23, 2023
I have seen funds asking for and getting Warrants for business development or other services.  As long as these warrants are given to the FUND and the LPs, there is not conflict. 

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