Venture Capital Operating Company (VCOC)
A Venture Capital Operating Company (VCOC) is a private equity firm that qualifies for ERISA exemptions by having direct management rights over its portfolio companies. To qualify, a VCOC must invest primarily in operating companies and maintain direct management control, ensuring active involvement in the company's operations.
Key Takeaways
- Private equity firm with direct management rights over portfolio companies.
- Qualifies for ERISA exemptions.
- Primarily invests in operating companies.
- Maintains active involvement in portfolio operations.
