How do hybrid entities, like REOCs (real estate operating companies) and VCOCs (venture capital operating companies) under the "plan asset" regulations fit in? How does the general "operating company" concept overlay on top of the fund analysis? ... One thing that I find troubling is the DOL's use of the word "generally" in Q&A 7. This begs the question as to when the "generally" standard does not apply. Is it just the next sentence where the word "however" occurs? ...
How do hybrid entities, like REOCs (real estate operating companies) and VCOCs (venture capital operating companies) under the "plan asset" regulations fit in? How does the general "operating company" concept overlay on top of the fund analysis? ... One thing that I find troubling is the DOL's use of the word "generally" in Q&A 7. This begs the question as to when the "generally" standard does not apply. Is it just the next sentence where the word "however" occurs? ...