Epstein Secrets

he Fund's investment sourcing, selection, management and liquidation strategies and procedures to deviate from those described in this Memorandum. Reliance on Individual Members of the DST Team The Fund will be particularly dependent upon the efforts, experience, contacts and skills of Yuri Milner and

l be concluded in Kuwait. No marketing or solicitation or inducement activities are being used to offer or market interests in the Fund in Kuwait. Luxembourg Notice to Investors in Luxembourg No public offering of interests in the Fund is being made to investors resident in Luxembourg. Interests in the F

ration of any notices, filings, periodic reports and/or other materials as may be required in relation to any European Economic Area member states. Reliance on Portfolio Company Management. In many instances, the day-to-day operations of each Investment will be the responsibility of the Investment's mana

r potential conflicts of interest such as those described above. BRE Europe. BRE Europe Real Estate Investment ("BRE Europe") refers to a group of Luxembourg-based companies that are the master holding companies through which the ER305378-MAXWELL Blackstone Real Estate Partners Europe V 103 CONFIDENTIAL

permitted to do so. II-12 CONFIDENTIAL UBSTERRAMAR00004015 EFTA00239347 FOR EXISTING INVESTOR USE ONLY Business Dependent on Key Individuals; Reliance on Portfolio Managers The success of the Fund is significantly dependent upon the expertise of a number of individuals including certain of those i

he income is sourced. Millennium Management and its affiliates operate throughout the world in various jurisdictions, including the United Kingdom, Luxembourg, Hong Kong, Japan, Singapore and Switzerland. Millennium Management and its affiliates generally endeavor to conduct such activities in a manner suc

s from the other Feeder Funds' investors, which could adversely affect the value of an investor's interests. Business Dependent on Key Individuals; Reliance on Portfolio Managers The success of the Fund is significantly dependent upon the expertise of a number of individuals, including, Israel A. Englan

h source as discussed above. Luxembourg Taxation Millennium USA and the Master Partnership have been separately advised as follows with respect to Luxembourg taxation. Classification of the Master Partnership and Millennium USA as Foreign Taxpayers. For Luxembourg tax purposes, entities which do not have

s from the other Feeder Funds' investors, which could adversely affect the value of an investor's interests. Business Dependent on Key Individuals; Reliance on Portfolio Managers The success of the Fund is significantly dependent upon the expertise of a number of individuals, including, Israel A. Englan

h source as discussed above. Luxembourg Taxation Millennium USA and the Master Partnership have been separately advised as follows with respect to Luxembourg taxation. Classification of the Master Partnership and Millennium USA as Foreign Taxpayers. For Luxembourg tax purposes, entities which do not have