This EU Privacy Notice applies to the extent that EU Data Protection Legislation (as defined below) applies to the processing of personal data by an Authorised Entity (as defined below) or to the extent that a data subject is a resident of the UK, the European Union (“EU”) or the European Economic Area (“EEA”). If this EU Privacy Notice applies, the data subject has certain rights with respect to such personal data, as outlined below.
For this EU Privacy Notice, “EU Data Protection Legislation” means all applicable legislation and regulations relating to the protection of personal data in force from time to time in the EU, the EEA, or the UK, including (without limitation): the Data Protection Directive (95/46/EC), the Privacy and Electronic Communications (EC Directive) Regulations 2003, the Data Protection (Processing of Sensitive Personal Data) Order 2000, or any other legislation which implements any other current or future legal act of the European Union concerning the protection and processing of personal data (including Regulation (EU) 2016/679 (the General Data Protection Regulation) and any national implementing or successor legislation), and including any amendment or re-enactment of the foregoing. The terms “data controller”, “data processor”, “data subject”, “personal data” and “processing” in this EU Privacy Notice shall be interpreted in accordance with the applicable EU Data Protection Legislation.
Please contact the General Partner with any queries arising out of this EU Privacy Notice.
Categories of personal data collected and lawful bases for processing
In connection with offering, forming and operating private investment funds for potential investors, the Partnership, the General Partner, the Management Company and their respective affiliates, and, in each case, their administrators, legal and other advisors and agents (the “Authorised Entities”) collect, record, store, adapt, and otherwise process and use personal data either relating to potential investors or to potential investors’ partners, officers, directors, employees, shareholders, ultimate beneficial owners or affiliates or to any other data subjects from the following sources (and all references to “potential investor(s)” in this EU Privacy Notice shall be to such potential investor(s) and, as applicable, any of these other persons as relate to such potential investor(s)):
Any Authorised Entity may process the following categories of personal data:
Any Authorised Entity may, in certain circumstances, combine personal data it receives from a potential investor with information that it collects from, or about such potential investor. This will include information collected in an online or offline context.
One or more of the Authorised Entities are “data controllers” of personal data collected in connection with the Partnership. In simple terms, this means such Authorised Entities: (i) “control” the personal data that they or other Authorised Entities collect from potential investors or other sources; and (ii) make certain decisions on how to use and protect such personal data.
There is a need to process personal data for the purposes set out in this EU Privacy Notice as a matter of contractual necessity under or in connection with the Partnership Agreement and associated Partnership documentation, and in the legitimate interests of the Authorised Entities (or those of a third party) to operate their respective businesses. From time to time, an Authorised Entity may need to process the personal data on other legal bases, including: (i) with consent; (ii) to comply with a legal obligation; (iii) if it is necessary to protect the vital interests of a potential investor or other data subjects; or (iv) if it is necessary for a task carried out in the public interest.
A failure to provide the personal data requested to fulfil the purposes described in this EU Privacy Notice may result in the applicable Authorised Entities being unable to provide the services in connection with the Partnership Agreement and/or this Subscription Agreement.
Purpose of processing
The applicable Authorised Entities process the personal data for the following purposes (and in respect of paragraphs (c), (d) and (f), in the legitimate interests of the Authorised Entities):
The Authorised Entities monitor communications where the law requires them to do so. The Authorised Entities also monitor communications, where required to do so, to comply with regulatory rules and practices and, where permitted to do so, to protect their respective businesses and the security of their respective systems.
Sharing and transfers of personal data
In addition to disclosing personal data amongst themselves, any Authorised Entity may disclose personal data, where permitted by EU Data Protection Legislation, to other service providers, employees, agents, contractors, consultants, professional advisers, lenders, data processors and persons employed and/or retained by them in order to fulfil the purposes described in this EU Privacy Notice. In addition, any Authorised Entity may share personal data with regulatory bodies having competent jurisdiction over them, as well as with the tax authorities, auditors and tax advisers (where necessary or required by law).
Any Authorised Entity may transfer personal data to a Non-Equivalent Country (as defined below), in order to fulfil the purposes described in this EU Privacy Notice and in accordance with applicable law, including where such transfer is a matter of contractual necessity to enter into, perform and administer this Subscription Agreement and Partnership Agreement, and to implement requested pre-contractual measures. For information on the safeguards applied to such transfers, please contact the General Partner. For the purposes of this EU Privacy Notice, “Non-Equivalent Country” shall mean a country or territory other than (i) a member state of the European Economic Area; or (ii) a country or territory which has at the relevant time been decided by the European Commission in accordance with EU Data Protection Legislation to ensure an adequate level of protection for personal data.
Retention and security of personal data
The General Partner and its Affiliates consider the protection of personal data to be a sound business practice, and to that end, employ appropriate technical and organisational measures,
including robust physical, electronic and procedural safeguards to protect personal data in their possession or under their control.
Personal data may be kept for as long as it is required for legitimate business purposes, to perform contractual obligations, or where longer, such longer period as is required by applicable legal or regulatory obligations. Personal data will be retained throughout the life cycle of any investment in the Partnership. However, some personal data will be retained after a data subject ceases to be an investor in the Partnership.
Data Subject Rights
It is acknowledged that, subject to applicable EU Data Protection Legislation, the data subjects to which personal data relates, have certain rights under EU Data Protection Legislation, including: (i) to obtain information about, or (where applicable) withdraw any consent given in relation to, the processing of their personal data; (ii) to access and receive a copy of their personal data; (iii) to request rectification of their personal data; (iv) to request erasure of their personal data; (v) to exercise their right to data portability; and (vi) the right not to be subject to automated decision-making. Please note that the right to erasure is not absolute and it may not always be possible to erase personal data on request, including where the personal data must be retained to comply with a legal obligation. In addition, erasure of the personal data requested to fulfil the purposes described in this EU Privacy Notice, may result in the inability to provide the services required pursuant to this Subscription Agreement and the Partnership Agreement.
In case the data subject to whom personal data relate disagrees with the way in which their personal data is being processed in relation to this Subscription Agreement or the Partnership Agreement, the data subject has the right to object to this processing of personal data and request restriction of the processing. The data subject may also lodge a complaint with the competent data protection supervisory authority in the relevant jurisdiction.
The data subject may raise any request relating to the processing of his or her personal data by contacting the General Partner.