For the avoidance of doubt, a well-informed investor is an investor who confirms in writing that:

⬤ he has sufficient knowledge and experience in financial and business matters to evaluate the merits and risks associated with the prospective investment, or

⬤ his business activity is related to the management, acquisition, or sale of assets, either on the investor’s own account or on behalf of third parties, and he either:

a)   invests at least €125,000 in the AIF, or

b)   has been assessed by a credit institution, an AIFM, a UCITS Management Company, an Investment Firm or an external manager of AIFs authorised in the Republic or another Member State that he has the necessary knowledge and experience in financial and business matters to evaluate the merits and risks associated with the AIF’s investment policy.

A professional investor means an investor that is considered to be a professional client or may, on request, be treated as a professional client within the meaning of Annex II to Directive 2004/39/EC MiFID II. Professional investor is a client who possesses the experience, knowledge, and expertise to make its own investment decisions and properly assess the risks that it incurs.

The usual starting point is the expression of an investor’s interest to invest in a specific Fund/Investment Compartment. In doing so, the Fund’s External Manager and/or its Fund Administrator provides to the Investor for completion a Subscription Application Package. Upon completion of this package, the Investor shall also provide its related Know Your Client and AML documentation so as for an effective investor screening to take place. The aforesaid are reviewed by the AML officer to ensure the completeness, accuracy, and adequacy of the provided investor information