Key expectations from GPs include:

• Strict Institutional governance standards
• Regular & Transparent communication
• Timely Reporting
• Strong Alignment of interest
• Ethical conduct
• Long-term value creation focus

A conflict arises when:

• The Sponsor/GP’s personal, financial, or business interests interfere (or may appear to interfere) with fiduciary duties.
• Multiple funds managed by the GP compete for the same investment.
• Related parties transact with the AIF.
• Key personnel have undisclosed external interests.
• Incentive structures distort investment decisions