Co-investment and leverage permit restricted schemes to use segregated portfolios and special purpose vehicles subject to disclosure safeguards. Restricted schemes may co-invest in permissible investments through a special purpose vehicle under the Authority's framework or through segregated ... Summary
Co-investment and leverage permit restricted schemes to use segregated portfolios and special purpose vehicles subject to disclosure safeguards.
Restricted schemes may co-invest in permissible investments through a special purpose vehicle under the Authority's framework or through segregated portfolios issuing separate unit classes. Segregated-portfolio investments cannot be made on terms more favourable than those offered to the common portfolio, and their creation must be disclosed in the placement memorandum. A co-investment special purpose vehicle may undertake leverage if the placement memorandum discloses it.
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