Guest bth1 Posted December 3, 2002 Posted December 3, 2002 general partner makes a capital contribution to the partnership pursuant to a promissory note (this contribution amounts to compensation for the GP's management of the investments associated w/ the partnership). Pension Fund wants to invest in the partnership, but there is a concern that the loan to the GP will qualify as a prohibited transaction (the partnership's assets in this scenario will qualify as plan assets). Is anyone aware of either a DOL class transaction exemption or individual transaction exemption covering this arrangement (i.e. the loan to a party in interst)? Thank you in advance ...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now