Yes, the NBFoF may seek participation in the LPAC to facilitate effective oversight and governance.

This may include:

•    Representation on the LPAC
•    Participation in key governance matters
 

GPs are expected to adhere to high standards of professionalism and fiduciary responsibility, including:

•    Adherence to strong institutional governance standards
•    Regular and transparent communication with investors
•    Timely and accurate reporting
•    Strong alignment of interests with investors
•    High standards of ethical conduct
•    Focus on long-term value creation
 

The Contribution Agreement, along with any other relevant documents, shall be executed between the concerned Pension Fund scheme and the AIF.
 

A First-time Fund Manager is an Investment Manager that is raising and managing its first AIF and therefore lacks an established track record in managing AIFs or similar pooled investment vehicles, though the team may have prior individual experience in investments.

Last Fund refers to the latest vintage fund raised by the Investment Manager within the same strategy (e.g., Debt or Equity) as the proposed fund. Funds raised in a different category shall not be considered as the “Last Fund” for evaluation purposes.
 

Big Five auditors are Deloitte, PwC, EY, KPMG and Grant Thorton.