I reached out to Optylon Krea regarding their NEXT fund and asked if they were providing a PFIC statement annually. They told me that the bank holding the participation units (like Bison Bank), will do this reporting.
I am not sure if this is unique to the NEXT fund, but why would the holding bank know anything about a fund’s activities? I figured I would check my assumptions here before clarifying with Optylon Krea. This seems incorrect to me.