Hi all. One of the funds we’re considering is the IMGA Accoes Portal fund via Bison. As it’s traded publicly, the value of our investment is transparent to SEF employees who may be reviewing our investment either at the initial stage or during a future renewal. If our Euro 350k investment devalues to, say, 300k because of normal market fluctuations, will we be required to ‘top up’ our investment to 350k in order to maintain our overall 350k level of investment? Or does the certification validate our out-of-pocket initial investment?
I suppose this is less of a risk with the VC / PE funds as they’re probably not revalued so frequently at the individual investor level.
Thoughts?