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Posted on Feb 10, 2014

F&N Assists Scout Ventures In Taking Advantage of General Solicitation Rules

F&N Assists Scout Ventures In Taking Advantage of General Solicitation Rules

F&N Client Scout Ventures has announced that it will be taking advantage of the new general solicitation rules under the JOBS Act to raise a target total of $35 million in additional investments for two of Scout’s existing funds. F&N advised Scout with respect to the issues related to the increased fund sizes as well as the amending of the existing filings with the Securities and Exchange Commission. Scout availed itself of the transition guidance from the SEC for issuers of ongoing capital raises seeking to expand their potential investor base by relying on the new general solicitation rules for offerings that previously were not using any form of general solicitation.  For a related article please see: http://www.altassets.net/private-equity-news/by-news-type/fund-news/scout-ventures.html

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