Epstein Secrets

or a thorough evaluation of the investment opportunity. Furthermore, the Manager may conduct its due diligence activities over a very brief period. Reliance on the Manager. The Manager has exclusive responsibility for the Fund's investment activities, and SVC Holders will not be able to make investment

e investor fund, is not required to register or be regulated as a mutual fund under the Mutual Funds Law (as amended) of the Cayman Islands. Neither the Cayman Islands Monetary Authority, nor any other governmental authority in the Cayman Islands has passed judgment upon or approved the terms or merits of this offering memorandum. T

or a thorough evaluation of the investment opportunity. Furthermore, the Manager may conduct its due diligence activities over a very brief period. Reliance on the Manager. The Manager has exclusive responsibility for the Fund's investment activities, and Limited Partners will not be able to make invest

dments to the Fund Agreement Tax Consequences The Fund is a regulated mutual fund for the purposes of the Mutual Funds Law and is registered with the Cayman Islands Monetary Authority ("CIMA") pursuant to section 4(3) of that law. This offering memorandum has been filed with CIMA. Such registration does not imply that CIMA or any

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

e Partnership is not required to register or be regulated as a mutual fund under the Mutual Funds Law (2009 Revision) of the Cayman Islands. Neither the Cayman Islands Monetary Authority nor any other governmental authority in the Cayman Islands has passed judgment upon or approved the terms or merits of this document. There is no i

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

e Partnership is not required to register or be regulated as a mutual fund under the Mutual Funds Law (2015 Revision) of the Cayman Islands. Neither the Cayman Islands Monetary Authority nor any other governmental authority in the Cayman Islands has commented upon or approved the terms or merits of this document. There is no investm

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

s amended) of the Cayman Islands, certain "master funds" (as defined in the Mutual Funds Law) are required to be registered with, and regulated by, the Cayman Islands Monetary Authority. The Master Partnership is registered pursuant to the Mutual Funds Law and the consequences of regulation are described below under "Certain Legal

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

ds Law (as amended) of the Cayman Islands, certain "master funds" (as defined in the Mutual Funds Law) are to be registered with, and regulated by, the Cayman Islands Monetary Authority. The Master Partnership has submitted an application for registration pursuant to the Mutual Funds Law. The registration process and the consequenc

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

ds Law (as amended) of the Cayman Islands, certain "master funds" (as defined in the Mutual Funds Law) are to be registered with, and regulated by, the Cayman Islands Monetary Authority. The Master Partnership has submitted an application for registration pursuant to the Mutual Funds Law. The registration process and the consequenc