764 The traditional private equity investment model is the blind pool fund, with investors committing capital to a fund for the manager to invest and divest at its discretion, in line with the fund’s investment policy. Whilst this fund model works for many, particularly for emerging managers, managers seeking to deepen their track record or those looking to build relationships with new investors, the option to use alternative models can help greatly. Further, there are growing numbers of investors seeking a greater degree of transparency and control over their investments.