private fund

(29) The term “private fund” means an issuer that would be an investment company, as defined in section 3 of the Investment Company Act of 1940 ( 15 U.S.C. 80a–3 ), but for section 3(c)(1) or 3(c)(7) of that Act.

Source

15 USC § 80b-2(a)(29)

---

Scoping language

When used in this subchapter

---

Is this correct? or