MPCM, as Fund Sponsor and UBO, provides the foundation capital, absorbs fund expenses, and ensures alignment between sponsor and investors.

Functions of the UBO/Sponsor Shares

• Alignment of Interests
  • MPCM, as sponsor, participates in the upside of the fund through UBO shares.
    
    
  • This creates direct alignment with investors, as the sponsor benefits only when the fund performs successfully.
• Absorbing Costs
  • UBO shares are structured to bear the running costs of the fund — including administration, legal, audit, and operational overheads.
    
    
  • This ensures that investor share classes (such as Notes and A Shares) are shielded from management expenses as far as possible.
• Providing Stability & Confidence
  • By committing capital upfront, MPCM demonstrates confidence in the strategy and gives the fund a strong starting balance sheet.
    
    
  • The sponsor’s ongoing role reassures investors that the fund is properly capitalised and supported.
• Governance & Oversight
  • As UBO, MPCM holds certain sponsor rights relating to governance, incentive alignment, and long-term stewardship of the strategy.

Why This Matters for Investors

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  Investors can be confident that operational costs are covered, reducing drag on their own returns.
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  MPCM succeeds when investors succeed.
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  The presence of a committed UBO adds institutional weight and enhances the fund’s credibility.