The U.S. private fund should not report on BEA surveys of foreign direct investment in the United States conducted in 2017. The foreign investment in the U.S. private fund may be required to be reported on Treasury International Capital (TIC) surveys. Review reporting requirements for TIC surveys at www.treasury.gov/tic.

The U.S. private fund should not report on BEA surveys of foreign direct investment in the United States conducted in 2017. The foreign investment in the U.S. private fund may be required to be reported on Treasury International Capital (TIC) surveys.

Please do both:

  1. Complete the BE-15 Claim for Exemption or complete "Part VII Claim for Exemption" of the BE-605 form. Both of these are available from www.bea.gov/fdi.
  2. Review reporting requirements for TIC surveys at www.treasury.gov/tic.

This U.S. private fund should report on BEA surveys of foreign direct investment in the United States. Reporting requirements, survey forms, and instructions are available at www.bea.gov/fdi.

The U.S. reporter should not include this private fund foreign affiliate on BEA surveys of U.S. direct investment abroad. The U.S. reporter's investment in the foreign private fund may be required to be reported on Treasury International Capital (TIC) surveys.

Please do both:

  1. Inform BEA by selecting this affiliate in BEA's electronic filing system (eFile) at www.bea.gov/efile. If this is your first time using eFile, you will need to create a user account and submit an eFile link request using your BE-11 ID (available in the BE-11 survey materials mailed to you).  After logging in to your user account, select your BE-10/11 filing from the User Account Home Page. On the next page click on "Identify Private Funds" and follow the instructions provided.
  2. Review reporting requirements for TIC surveys at www.treasury.gov/tic.

The U.S. reporter should not include this foreign private fund on BEA surveys of U.S. direct investment abroad. The U.S. reporter's investment in the foreign private fund may be required to be reported on Treasury International Capital (TIC) Surveys. Review reporting requirements for TIC surveys at www.treasury.gov/tic.

The U.S. reporter should include this private fund foreign affiliate on BEA surveys of U.S. direct investment abroad. The U.S. reporter must also include other foreign business enterprises that are in the same ownership chain as this foreign private fund (either above it or below it). Reporting requirements, survey forms, and instructions are available at www.bea.gov/dia.

Private Funds Reporting Change

The Bureau of Economic Analysis (BEA) and the Treasury Department implemented a change that simplifies how certain cross-border investments by or into private funds are reported on Treasury International Capital (TIC) surveys of portfolio investment and BEA surveys of direct investment. This webpage provides resources to help private fund reporters determine how the change affects their reporting requirements.

Resources for Private Funds

Determine your reporting obligation...

Having trouble determining if an entity is affected by the change to survey reporting requirements for private funds?

These tools will help you determine their reporting obligation.

U.S. Investments in Foreign Private Funds

Foreign Investments in U.S. Private Funds

Additional Resources

Personally Identifiable Information (PII)

When communicating by email with BEA, please do not include sensitive Personally Identifiable Information (PII) in the text or in an unencrypted attachment.

Sensitive PII is information that can be used to distinguish or trace an individual’s identity, such as a Social Security Number (full or partial).

Any document containing sensitive PII that is attached to an email must be encrypted. Any email received by BEA that contains sensitive PII in the text or in an unencrypted attachment will be blocked and deleted.

If you have any questions, please contact us using the contact information on the survey you are completing.