· The fund has a policy to invest in funds established under foreign laws, which may be structured as a fund, partnership, company, trust, or any other legal form (the “underlying fund”). The underlying fund will primarily invest either directly or through other funds that may also be established in various forms such as funds, partnerships, companies, trusts, or other types of collective investment schemes (CIS) in private credit assets. These assets are not traded on public exchanges and may be unrated or Non-Investment Grade. The investment focus will be on directly originated assets, providing loans directly to private companies globally.
· The fund may invest in derivatives for Efficient Portfolio Management and for hedging purposes, including instruments with embedded derivatives. Such derivatives, at the discretion of the fund manager, may account for up to 100% of the fund's NAV. The fund may also engage in borrowing and/or repo transactions, up to a combined limit of 50% of the NAV. However, the fund will not engage in short selling.
· The fund may invest in units of other mutual funds under the management company, up to 100% of the fund’s NAV.
· The investment strategy Aim to invest in foreign funds which invest in Private Credit and allocation of investments in foreign funds will be adjusted at fund manager's discretion.