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`Does the Issuer intend this offering to last more than one year? No`

Does this mean that they're only offering entry into the fund in the next year, or that the money will all be distributed over the next year?

If the latter, this would imply that this is a single investment vehicle. Though the wording does imply the former, I would think.

it's the former. the filing is just disclosing the offering of shares in the investment vehicle itself, and that sale is expected to be complete this year.

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