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4.5. Investment Process 

The Investment Compartments will invest either directly or by committing to Special Purpose Vehicles (SPVs) the minimum level of capital required to formulate its Investment Policy. 

The Manager will select potential investments by adhering to a thorough investment process that may include due diligence or market research.  The Manager may delegate any aspect of the process to any advisor or investment committee.

The Supplement of a particular Investment Compartment may provide for a different or more specific Investment Process for each Investment Compartment individually.