Operating Structure

An international platform with clearly separated functions.

Opportunity sourcing and non-financial operating services are performed in Canada. Investment management is conducted from the British Virgin Islands. The fund is domiciled in the Cayman Islands.

Geographic operating map

Location 1
Canada
Origination and operating services
Location 2
British Virgin Islands
Investment management
Location 3
Cayman Islands
Fund domicile

Canada

Canada: non-financial operating services

Activities performed in Canada are limited to non-financial services, including opportunity sourcing, preliminary assessment, commercial diligence, restructuring support, portfolio monitoring and operating assistance.

No fund management, investment advice, investment-capital raising or securities trading is conducted from Canada.

The Canadian operating function is compensated from the British Virgin Islands under a services arrangement for non-financial work performed in Canada.

British Virgin Islands

British Virgin Islands: investment management

Investment decisions, portfolio management, capital allocation and investor-facing fund activities are conducted from the British Virgin Islands.

International investment fund manager exemption

Where Canadian investment-fund-manager registration requirements are engaged, the international management function relies on the applicable exemptions available to non-resident investment fund managers, subject to their conditions.

Cayman Islands

Cayman Islands: fund domicile

The investment fund is domiciled in the Cayman Islands. Fund interests, subscriptions, redemptions and investor rights are governed by the fund's private offering and constitutional documents.

Participation

Canadian investor participation

The fund does not generally solicit investment from Canadian residents. Canadian participation may be considered only where the prospective investor satisfies all applicable private-placement, prospectus and registration exemptions.

Eligibility does not create a right to participate. Every prospective investment remains subject to acceptance through the fund's private process.

Public-site boundary

General information only

This website describes the operating platform and investment strategy at a general level. It is not an offering of fund interests, investment advice or a recommendation to enter into a transaction.