Term sheet.
The terms below are indicative. Definitive terms — management fee, performance fee and eligibility conditions — are set out in the offering documentation available to eligible investors on request.
Indicative only. The GAP team invests in MSF1 under the same Class A and Class Q terms as third-party investors — no preferential treatment, no fee discount, no separate vehicle.
An EUR-denominated tracker.
EUR-based investors can access MSF1 through a dedicated EUR tracker, which invests exclusively in Class Q. Currency hedging is managed at the tracker level — investors gain MSF1 exposure in EUR without taking on direct USD/EUR FX risk. Same governance, custody and auditor as the underlying fund.
Request the definitive term sheet.
Full term-sheet and offering memorandum available on request to eligible investors.