To Partners In Our FundThe Gramm-Leach-Bliley Act and regulations promulgated thereunder (collectively, the “Rules”), impose privacy notice and disclosure requirements on venture capital and other private equity funds. The Rules, among other things, require that every private equity fund that has one or more individual investors send an annual privacy notice describing the fund’s privacy policies and practices to each individual investor of the fund.
In the normal course of business, we obtain non-public information about you. For example, your name and identification number is disclosed in tax returns. In closing documents, your name and capital commitment as well as every other investor is disclosed to the other partners of that fund. You provide us with social security numbers and other private information in subscription agreements. We may share this information when necessary. For example, in stock distributions, we must provide account information, etc., to transfer agents to effect a stock transfer.
We have always treated the personal information we receive from our investors and clients with sensitivity and plan to continue this practice.