LH GLOBAL PRIVATE ASSETS FUND NOT FOR RETAIL INVESTORS - Accumulation

Inception Date

August 20, 2024

Benchmark

100% of the Master Fund’s performance, adjusted for foreign exchange hedging costs (80%) and translated into Thai Baht returns using the prevailing exchange rate on the performance calculation date (20%).

Fund Size

29 M

Fund Manager

Pornphen Chuleeprasert Ponlasin Kijmuntarvorn

Online Trading

Buy disabled • Sell disabled

FX Hedging

No

Dividend Policy

None

Investment Policy

The Fund focuses on investing in a single offshore mutual fund (the “Master Fund”), namely the Hamilton Lane Global Private Assets Fund, specifically its I-USD Share Class, denominated in U.S. Dollars (USD). The Master Fund is domiciled in Luxembourg and managed by Hamilton Lane Advisors, L.L.C. The LH Global Private Asset Fund (Not for Retail Investors) will invest, on average over an accounting year, not less than 80% of its Net Asset Value (NAV) in units of the Master Fund. The Fund will invest in foreign assets and, as a result, will maintain an average net foreign exposure of not less than 80% of its NAV over an accounting year, or such other proportion as prescribed by the Office of the Securities and Exchange Commission (SEC). The remaining portion of the Fund’s assets may be invested in both domestic and foreign investments, including deposit-like instruments, bank deposits, debt securities, equity securities, hybrid securities, warrants, as well as other securities, assets, or alternative income-generating investments as prescribed or approved by the SEC Board or the SEC Office. The Fund may invest in financial derivative instruments (FDIs) for the purpose of hedging foreign exchange rate risk, at the discretion of the Fund Manager. In determining the extent of currency hedging, the Fund Manager will take into account prevailing market conditions and relevant economic, political, monetary, and fiscal factors. If the U.S. Dollar (USD) is expected to depreciate, the Fund Manager may implement a relatively high level of foreign exchange hedging. Conversely, if the U.S. Dollar is expected to appreciate, the Fund Manager may choose not to hedge or may hedge only a limited portion of the Fund’s foreign currency exposure. However, if the Fund Manager determines that hedging would not be in the best interests of unitholders, the Fund may remain unhedged. Investors should note that hedging transactions may incur costs that could reduce the Fund’s overall returns. In addition, the Fund may utilize derivatives for efficient portfolio management (EPM) and/or hedging purposes, with foreign exchange rates as the underlying assets, in order to enhance investment returns and/or reduce fund expenses, subject to applicable SEC regulations. The derivatives entered into by the Fund will generally have foreign exchange rates as their underlying assets. Should any event adversely affect a derivative contract or should a counterparty fail to perform its obligations, the Fund may not achieve the expected returns and could incur losses. Nevertheless, the Management Company will analyze and continuously monitor relevant risk factors and the creditworthiness of counterparties before and throughout the life of the transaction. The Fund will primarily transact with counterparties rated Investment Grade. The Fund may invest up to 100% of its NAV in units of mutual funds managed by the Management Company, subject to the Fund’s investment policy and applicable SEC regulations. Such investments must comply with the relevant regulatory requirements. The underlying fund may not invest back into the Fund (no circular investment), and may further invest in another fund under the same management company for no more than one additional layer. Voting rights relating to investments in affiliated funds shall be exercised in accordance with SEC regulations. The Fund may also invest in and/or engage in the following transactions, subject to the following maximum limits: Derivatives, including Structured Notes (limited to the embedded derivative component): up to 100% of NAV. Borrowing and/or Repurchase Transactions (Repo) for investment management purposes: up to 50% of NAV. Reverse Repurchase Transactions (Reverse Repo): up to 100% of NAV. Short Selling transactions: up to 100% of NAV. Securities Lending Transactions: up to 100% of NAV. Private Equity Investments: up to 100% of NAV. The Fund may also invest in or hold non-investment-grade debt securities, unrated debt securities, unlisted securities, and other assets or investments permitted by the SEC Board or the SEC Office. The Management Company reserves the right to change the share class of the Master Fund and/or the investment currency as deemed appropriate for efficient portfolio management and in pursuit of the Fund’s investment objectives. Any such change shall be deemed approved by the unitholders and will be implemented with due regard to, and in the best interests of, the unitholders. In the event that the Management Company is unable to invest in the Hamilton Lane Global Private Assets Fund – I-USD Share Class, or if investment in the Master Fund is deemed no longer appropriate due to factors such as changes in economic, political, financial, or capital market conditions, natural disasters, war, changes to the investment manager, fund manager, investment policy, management approach, or performance expectations, or where another investment fund is considered more suitable, offers superior return potential, or presents lower volatility, or where the Master Fund is found to be non-compliant with SEC regulations or subject to material regulatory violations, the Management Company reserves the right to invest in another offshore fund with an investment policy consistent with the objectives of the LH Global Private Asset Fund (Not for Retail Investors). Such change shall be deemed approved by the unitholders. The Management Company will provide prior notice of such change, and any replacement of the Master Fund will be undertaken with due regard for the best interests of the unitholders.Provide your feedback on BizChat