Harbour Buyout Feeder

Fictional investment fact sheet

Feeder vehicle

Harbour Buyout Feeder · fictional, unformed scenario

Underlying fund

Harbour Buyout Underlying Fund · fictional

Fund manager

Harbour Partners · fictional

Strategy

Buyout

Geography

North America

Scenario vintage

2026

Underlying fund currency

USD

Feeder scenario currency

USD; HKD reporting only, no hedge assumed

Target feeder commitments

HKD 40,000,000 · illustrative target, not capacity reserved

Minimum per subscribing entity

HKD 100,000 · provisional commercial assumption, separate from PI eligibility

Underlying minimum allocation

Manager-specific; not established for this fictional example

Fund term

10 years, plus possible extensions; no guaranteed exit date

Investment period

5 years, subject to fictional terms

Reporting schedule

Quarterly illustrative updates, with administrator as-of dates and potential reporting lag

Liquidity

Closed-ended; no redemption facility or secondary market promised. Transfers would need consent.

Capital-call expectations

Underlying fund calls the feeder; the feeder allocates calls to entities under governing terms. Timing is uncertain.

Understand the structure

The feeder and underlying fund are separate legal vehicles. Manager consent, legal structure and Hong Kong distribution permissions remain unresolved.

Costs and considerations

Common fictional fee assumptions: underlying management 2.00% annually; carry 20% of eligible profits under a waterfall; feeder administration 0.20% and audit/legal 0.15% of commitments annually; platform on a proposed sliding scale of 0.25% to HKD 1 million, 0.20% to HKD 5 million and 0.15% above, each portion at its own rate. These are learning assumptions, not this manager’s prices.

Additional illustration: HKD 500 establishment allocation per investor, HKD 100 annual banking/custody allocation and 0.35% conversion cost on the assumed HKD-equivalent paid-in amount converted once. Taxes and exceptional expenses are unquantified. Carry cannot be calculated without profit and waterfall assumptions; no performance is modelled.

Underlying management fees and carry, feeder formation, administration, audit, legal, platform and FX charges must be assessed separately. No approved fee schedule exists for this fictional strategy.

• Loss of some or all capital; concentration, leverage, manager and underlying-business risks.
• Long holding periods, uncertain exits, restricted transfers and extensions beyond the stated term.
• USD/EUR exposure remains when amounts are displayed in HKD; rates, spreads and source-currency accounting need separate records.
• Feeder costs reduce investor outcomes; delayed or estimated valuations are not current cash or guaranteed redemption values.
• Every entity and offering would require separate permissions and eligibility review. General PI status would not imply suitability or access to every feeder.

Private equity is illiquid, may require capital calls over time and can lose all invested capital. No returns or valuations are represented.

Fictional sample documents