Epstein Secrets

luation Date adjusted with the liabilities relating to that Class on that Valuation Date represents the total NAV attributable to that Class of that Compartment on that Valuation Date. The assets of each Class will be commonly invested within a Compartment but subject to different fee structures, distribution, marketing targets,

ies set out by International Private Equity and Venture Capital Valuation Guidelines, published by the European Venture Capital Association (EVCA), the British Venture Capital Association (BVCA) and the French Venture Capital Association (AFIC) in March 2005, as may be amended from time to time; (vi) Investments registered in the na

AV per Share, which may differ as consequence of these variable factors, will be calculated for each Class as follows: the NAV of that Class of that Compartment on that Valuation Date divided by the total number of Shares of that Class of that Compartment then outstanding on that Valuation Date. (c) For the purpose of calculati

uation of portfolio companies set out by international Private Equity and Venture Capital Valuation 'i thustatigsairo i li . peariMenuan (EVCA), the British Venture Capital Association (BVCA) and the French Venture Capital Association (ARC) in March 2005, as may be amended from time to time; PERS-44F-1-6O 2450.-4 30 0095739-00000

adjusted with the liabilities relating to that Class on that Valuation Date represents the total net asset value attributable to that Class of that Compartment on that Valuation Date. The assets of each Class will be commonly invested within a Compartment but subject to different fee structures, distribution, marketing targets,

ies set out by International Private Equity and Venture Capital Valuation Guidelines, published by the European Venture Capital Association (EVCA), the British Venture Capital Association (BVCA) and the French Venture Capital Association (AFIC) in March 2005, as may be amended from time to time; (1) investments registered in the nam