10 Sep 2014 13:37

SEB Private Equity Fund

The board of directors of the Fund’s management company SEB Asset Management S.A. (the “Management Company”) would like to inform you that the issue document and management regulations of the Fund have been updated in order for the Fund to qualify as Alternative Investment Fund under the Luxembourg law of 12 July 2013 on alternative investment fund managers.

In this context, SEB Asset Management S.A. has been designated as the Fund’s alternative investment fund manager (“AIFM”).

In this update:

  • The definition of bank business day has been revised and bank business day means any day on which banks are open in the Grand Duchy of Luxembourg except for 24 December and 31 December
  • The provisions on US persons have been further clarified and a wording in relation to the US Foreign Account Tax Compliance Act (”FATCA”) has been added to the issue document.
  • Some general sections have been further clarified in the issue document.

Unitholders do not need to take any action in relation to the changes described here. Updated documentation will be available upon request on the Management Company’s website, www.sebgroup.lu, and at its registered office.

SEB Asset Management S.A.