Epstein Secrets

terial compliance costs and other burdens. While the General Partner believes that the Fund will not be subject to the registration requirements of the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act"), there can be no assurance that this belief is, or will continue to be, correct. If the Fund were

ress certain of their investment considerations. The organizational and formation expenses associated with Feeder Funds will be borne by the Fund. Co-Investment The General Partner may, but will be under no obligation to, provide co- investment opportunities to one or more Limited Partners and/or third STRI

the SVCs to such U.S. Persons and then only to Non-U.S. Persons or U.S. Persons who are "qualified purchasers" (as defined in Section 2(a)(51)(A) of the U.S. Investment Company Act of 1940, as amended (each such person, a "OP)); (ii) by Non-U.S. Persons, except to (1) other Non-U.S. Persons in offshore transactions in complianc

General Partner and the Manager, rentals payable for space used by General Partner and Manager, utilities, office supplies and equipment expenses. Co-Investment The Manager and the Fund may offer the right to participate in investment opportunities of the Fund to other private purchasers, groups, partnershi

e Partnership may be considered similar in some ways to an investment company, the Partnership is not required and does not intend to register under the U.S. Investment Company Act of 1940, as amended from time to time (the "1940 Act"), and, accordingly, Limited Partners are not afforded the protections of the 1940 Act. Indem

being primarily liable vis-a-vis such third party counterparty. Investments in Which Other Blackstone Funds Have a Different Principal Investment; Co-Investment From time to time, the Partnership can be expected to co-invest with another investment fund, managed account and/or similar arrangement otherwise