within the meaning of Section 864(b) of the Code. (See Section
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within the meaning of Section 864(b) of the Code. (See Section
X, “Certain Tax and ERISA Considerations.”) The General
Partner’s undertaking will be deemed satisfied with respect to
the making, holding or disposing of any portfolio investment if
the Non U.S. Partners are given the opportunity to (or if all
Limited Partners are otherwise required to) hold their
proportionate shares of such portfolio investment directly or
indirectly through an alternative investment vehicle treated as a
corporation for U.S. federal income tax purposes.
Risk Factors: An investment in the Fund involves a high degree of risk.
Prospective investors should carefully review the matters
discussed under Section IX, “Certain Investment
Considerations.”
Legal Counsel: Proskauer Rose LLP
57 CONTROL NUMBER 257 - CONFIDENTIAL
HOUSE_OVERSIGHT_024068
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