Related-party conflict disclosed — Affiliate Credit Facilities
HighInvestor capital contributions may be used in whole or in part to repay loans/lines of credit previously advanced to the Fund by affiliates of the Manager, indirectly benefiting the affiliates. Advances under Affiliate Credit Facilities also count toward the Class B 10% co-investment requirement even though they are borrowed funds.
“capital contributions from Investors to the Fund may, in whole or in part, be used to repay or reduce outstanding obligations under such Affiliate Credit Facilities ... such repayments may indirectly benefit Affiliates of the Manager.”