Investors should be aware that there will be situations where TAU and its affiliates may encounter potential conflicts of interest in connection with the Fund’s activities. On any issue involving a conflict of interest, employees, operating partners and affiliates (“TAU Members”) will be guided by their good faith judgment as to the Fund’s best interests (although the best interests of different fund vehicles or the interests of co-investors, if any, may sometimes be inconsistent or in conflict). TAU Members shall internally disclose any and all actual or perceived conflicts and work to take such actions as may be necessary to ameliorate the conflict.
Prior to managing assets for a Fund, TAU will have the following in place to manage conflicts of interest:
(1) All employees of TAU, the General Partner and affiliates will agree to a Code of Ethics as a condition of employment
(2) All TAU Members have been directed to use and have access to a Conflict Disclosure
(3) The General Partner will consult with a Fund’s Limited Partners Advisory Committee
(4) The Investment Manager intends to establish various policies such as Policies on Gifts, Entertainment and Political Contributions, Supervisory Policy, etc.