What is the term of the Fund? When can investors redeem?

The Fund is open-end and evergreen, meaning that it’s open to investors in perpetuity and makes new investments in perpetuity.

The Fund intends to make quarterly redemption offers on a best-efforts basis by which up to a maximum of 5% of the Fund’s NAV may be redeemed by participating investors on a pro rata basis each quarter. Each investor is subject to a 12-month initial lock-up period beginning on the date of their contribution. Investors who redeem after being in the Fund for anywhere between 12 months and 24 months will be subject to redemption at the prevailing NAV of their account, subject to a 5% penalty. Investors who redeem after being in the Fund for at least 24 months will not be subject to a redemption penalty.