Cornerstone Query: 'Non-Investments'
In the Cornerstone LPA, clause 3.2 mentions portfolio liquidity results with respect to 'non-investments'. Can you please explain what non-investments may be, and how their yield portfolio liquidity results?
Non-Investments are assets of the Fund that are not tied to Investments (ie investments in portfolio companies or cash equivalents). For example, the Fund may have proceeds from a litigation that is unrelated to an investment.