Master Feeder Structure. As permitted by the 1940 Act, and pursuant to a resolution of a majority of the Directors, the Master Fund forms part of a master-feeder structure, in which feeder funds may invest all of their assets into the Master Fund, rather than making investments in Securities directly.
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Samples: Limited Liability Company Agreement (PNC Alternative Strategies Master Fund LLC), Limited Liability Company Agreement (Mercantile Absolute Return Master Fund LLC), Limited Liability Company Agreement (Mercantile Long-Short Manager Master Fund LLC)
Master Feeder Structure. As permitted by the 1940 Act, and pursuant to a resolution of a majority of the Directors, the Master Fund forms part of a master-feeder structure, in which the feeder funds may invest fund invests all of their its assets into the Master Fund, rather than making investments in Securities securities directly.
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