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Venture Legal

Are VC and PE Funds exempted from BOI reporting?

BOI reporting is due by the end of this year (2024), and I can't remember if VC/PE funds are exempted from having to file.  Are all of the entities (e.g. ManCo, GP, and LP) exempted or do we have to file for all of them?  Thank you.
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Generally speaking, venture fund advisors (management companies and the underlying individuals in the standard Decile structure, registered as Exempt Reporting Advisors) are exempt from BOI reporting so long as they 1) meet certain criteria and 2) make certain filings. You may find this article generally helpful regarding this topic. 

With respect to the GP Entity, if it is an entity controlled by a venture fund advisor, it is generally exempt as well. A Limited Partnership is also generally exempt from BOI reporting so long as it is a pooled investment vehicle, as defined by FINCEN. 

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