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Basic Question 0 of 6
The Private Equity provisions apply to all of the following except for ______.
II. evergreen funds
III. fund-of-funds investing
IV. secondary investing
I. buy-out investing
II. evergreen funds
III. fund-of-funds investing
IV. secondary investing
User Contributed Comments 6
| User | Comment |
|---|---|
| wuyi | Secondary investing: the purchase of pre-existing limited partnership interests and direct private equity investments. The market develops as a result of investors, who for external reasons, were forced to seek an early exit for their private equity holdings at a discount to fair market value. |
| viannie | Private Equity provisions do not apply for open-end funds and Evergreen funds. For these two types of funds, general GIPS standards applies. |
| ChrisHam | NOT APPLICABLE FOR 1.OPEN END 2.EVERGREEN. |
| shiva5555 | What is an evergreen fund? |
| geofin | (Evergreen fund) A fund in which returns generated on investments are automatically returned to the general pool, with the aim of keeping a continuous supply of capital on hand for investments. www.austinfund.com/faqs.glossary.html |
| johntan1979 | Evergreen = always green = always have greenbacks at hand for investment |
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Learning Outcome Statements
compare the current rate method and the temporal method, evaluate how each affects the parent company's balance sheet and income statement, and determine which method is appropriate in various scenarios;
calculate the translation effects and evaluate the translation of a subsidiary's balance sheet and income statement into the parent company's presentation currency;
CFA® 2025 Level II Curriculum, Volume 2, Module 12.