ined by the Manager as the context requires. "Portfolio Investment" shall mean each Direct Secondary, Fund Secondary and Co-Investment (other than a Temporary Investment) made by the Fund as reasonably determined by the Manager as the context requires. "Pre-Removal Investments" shall have the meaning set forth in S

investing the Fund’s cash in a regulated investment company or similar entity or fund sponsored by a bank subject to the Bank Holding Company Act as a Temporary Investment or (2) investing in operating businesses through an alternative investment vehicle; or (f) The Fund shall not invest in any uncovered options, futur