What happens if the current fund administrator ceases to operate?

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• Who is the fund administrator for these private market investments?

  The fund administrator is Sydecar, which maintains unit records and investor ownership ledgers for each SPV.

• Is custody required for these private funds?

  No. Custody is not required for private funds. The fund administrator maintains investor units and records on behalf of all investors.

• What happens if Monark or Vested goes bankrupt?

  Each investment is structured as a separate bankruptcy-remote Delaware Series LLC, which is segregated from Vested and is wholly owned by the LLC members. If Vested goes bankrupt, LLC members will still retain their ownership of the private market ...

• Who performs the audit of the fund or SPV?

  Audits are conducted by an independent third-party auditor every year. The resulting report is shared with investors.

• How will the ownership of the units bought under private markets be managed?

  The fund will hold the share certificates of the underlying company. Investors in turn will become limited partners of the fund and have rights to the underlying holdings of the fund.