California Government Code

§ 7928.710

GOV § 7928.710 Effective Jun 30, 2022Div. 10 · Title 1 · Part 5 · Ch. 15 · Art. 1

Statute text

(a)For purposes of this section, the following definitions apply:

(1)“Alternative investment” means an investment in a private equity fund, venture fund, hedge fund, or absolute return fund.

(2)“Alternative investment vehicle” means the limited partnership, limited liability company, or similar legal structure through which the public investment fund invests in portfolio companies.

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Legislative history

Amended by Stats. 2022, Ch. 68, Sec. 3. (SB 193) Effective June 30, 2022. Operative January 1, 2023, pursuant to Sec. 7931.000.