LEGAL INFORMATION
FUND ENTITY INFORMATION
BLACK FUR FINTECH LLC
Black Fur Fintech LLC, a Delaware limited liability company, is the General Partner for Black Fur Quant Fund I LP.
BLACK FUR CAPTIAL ADVISORS LLC
Black Fur Capital Advisors LLC, a Delaware limited liability company, is the Investment Manager for Black Fur Quant Fund I LP.
BLACK FUR QUANT FUND I LP
Black Fur Quant Fund I LP, a Delaware limited partnership, is domiciled in Tucson, AZ.
FUND LEGAL INFORMATION
FUND EXEMPTIONS
​General Summary and Qualification
The intention of Black Fur Quant Fund I LP (Fund) is to qualify for each of the below-noted exemptions; however, the Fund can provide no assurance that it will qualify for each such exemption in whole or in part.
Exemption under Securities Act of 1933, Section 4(a)(2)
Section 4(a)(2) of the Securities Act (formerly Section 4(2) but re-designated Section 4(a)(2) by the Jumpstart Our Business Startups (JOBS) Act) provides an exemption from the provisions of Section 5 of the Securities Act for "transactions by an issuer not involving any public offering". The Black Fur Quant Fund I LP offering is private, nonpublic and as such is exempt from registration with the Securities Exchange Commission (SEC) under Section 4(a)(2) of the Securities Act.
Exemption under Investment Company Act of 1940, Section 3(c)(1)
The Fund is a Private Placement with fewer than one hundred (100) investors, and as such, is exempt from registering as an investment company pursuant to Section 3(c)(1) of the Investment Company Act of 1940. Section 3(c)(1) of the Investment Act provides an exemption for “any issuer whose outstanding securities (other than short-term paper) are beneficially owned by not more than one hundred (100) persons, and which is not making and does not presently propose to make a public offering of its securities".
Exemption under SEC
Rule 506(b)
The Fund operates pursuant to SEC Rule 506 of Regulation D, which is considered a "safe harbor" for the private offering exemption of Section 4(a)2 of the Securites Act. The Rule 506(b) exemption allows the Fund to raise an unlimited amount of money, but not broadly solicit or advertise the private offering.
Exemption under Investment Advisers Act of 1940, Section 203(m)
The Investment Advisor will be exempt from federal registration under Section 203(m) of the Investment Advisers Act of 1940, which directs the SEC to exempt the registration for all investment advisors solely advising private funds with an aggregate value of assets which are less than US$ 150 million. The state Investment Advisory registration is determined by each state’s investment advisor statute. None of the states require registration for Investment Advisors as long as aggregate assets are less than $25 million and have no more than five (5) clients.
