European Union Privacy Policy
Alkeon Capital Management, LLC (the “Investment Manager” or “Alkeon”) is committed to protecting your privacy and maintaining the confidentiality and security of your personal information. Any personal information processed by the Investment Manager is controlled by the Investment Manager and the Investment Manager is the data controller of your personal information.
Where your details are provided to the Investment Manager as a consequence of your investment (or potential investment) in an Alkeon-managed private investment fund (a “Fund”) or your interest in Alkeon (e.g., by registering for access to Alkeon’s website), then the Investment Manager, acting as a data controller, may itself (or through a third party such as BNY Mellon Alternative Investment Services (the “Administrator”) acting in its capacity as the Fund’s administrator) process your personal information or, if you are an entity, that of your (i) beneficial owner(s), (ii) employees, and (iii) directors, officers, trustees, general partners, managers, or other persons serving in a similar capacity (the foregoing collectively, “Your Personal Information”). When processing Your Personal Information, there may also be times when the Administrator will act as a data controller.
The Investment Manager’s European Union representative is located in the United Kingdom at Paternoster House, 65 St. Paul’s Churchyard, London EC4M 8AB and can be contacted at gdprrepresentative@kattenlaw.co.uk.
This policy (the “EU Privacy Policy”) explains the manner in which the Investment Manager collects, utilizes and maintains non-public personal information about investors, potential investors and other persons (collectively, “Investors”) based in the European Union (“EU”) or the European Economic Area (“EEA”), as required under the General Data Protection Regulation (EU) 2016/679 (“GDPR”). This EU Privacy Policy applies to your investment or potential investment in a Fund or other interactions with Alkeon.
Collection of Your Personal Information
The Investment Manager collects Your Personal Information from the following sources, as applicable:
1. Subscription documents and other information provided by the Investor in writing, in person, by telephone, electronically or by any other means (this information includes (i) name, address, income, financial and investment qualifications, and tax-related information and (ii) in the case of individuals, birth date, nationality, passport or other identification number, and employment information, or in the case of entities, date and jurisdiction of formation, entity type, tax identification number, and business information);
2. Transactions within the Fund, including account balances, investments, redemptions and management fees and performance allocations; and
3. Other interactions with the Investment Manager (for example, discussions with our staff or by registering for access to Alkeon’s website).
Why We Use Your Personal Information
Your Personal Information may be processed by the Investment Manager and/or the Administrator (or any of their affiliates, agents, employees, delegates or sub-contractors) for the following purposes, as applicable:
1. To facilitate your investment in a Fund and the management and administration of your investment in such Fund on an ongoing basis (the “Services”) which are necessary to fulfill all contractual and regulatory obligations related to your investment in the Fund, including without limitation the acceptance and processing of subscription documents and redemption and transfer requests;
2. In order to carry out anti-money laundering checks and related actions which the Investment Manager and/or Administrator considers appropriate or necessary to fulfill any of their legal obligations on an ongoing basis (i) with respect to the prevention and/or detection of fraud, money laundering, terrorist financing, bribery, corruption, and/or tax evasion and (ii) to prevent the provision of financial and other services to persons who may be subject to economic or trade sanctions, all of the foregoing in accordance with the Investment Manager’s and the Administrator’s anti-money laundering policies and procedures;
3. To comply with their legal obligations and, in particular, to report tax-related information to tax authorities;
4. To disclose information to other third parties such as service providers of the Investment Manager and/or Administrator (including, for example, attorneys, accountants, auditors, or other professionals), regulatory authorities and technology providers in order to comply with any legal obligation imposed on the Investment Manager and/or Administrator or in order to pursue the legitimate interests of the Investment Manager and/or Administrator;
5. To monitor, record and distribute communications related to the Investment Manager (including registration for access to its website), your investment in a Fund or for any of the purposes specified herein; and/or
6. To otherwise pursue the legitimate interests of the Investment Manager and/or Administrator relating to your investment or your potential investment in a Fund or other interactions with the Investment Manager, and/or where the processing of Your Personal Information would be in the public interest.
Countries Having Access to Your Personal Information
The Investment Manager’s servers, which store and keep Your Personal Information, are located in the United States.
The Investment Manager also has service providers whose personnel will have access to Your Personal Information and that may be located in other countries which have an adequate level of protection of Your Personal Information.
The disclosure of Your Personal Information to the third parties set out above may involve the transfer of data to the United States and other jurisdictions outside the EEA. Such countries may not have the same data protection laws as your jurisdiction.
Collecting Investor Information Legally
The Investment Manager and the Administrator are able to legally collect and use Your Personal Information either because:
1. You have consented to their doing so; and/ or
2. Collecting and using Your Personal Information is necessary for the Investment Manager and/or the Administrator to fulfill their legitimate business interests, which may include (i) to fulfill contractual obligations to Fund Investors or otherwise perform the Services; or (ii) to investigate, defend against, or prosecute any actual, threatened, or potential claim in a court of law or other judicial or regulatory forum, or otherwise protect their legal rights; and/ or
3. It is necessary to comply with any applicable regulatory, judicial or other legal obligation.
Retention of Investor Information
The Investment Manager and the Administrator will retain Your Personal Information for the purposes described in (1), (2), and (3) in the immediately preceding paragraph as long as required for the purposes described above.
Your Rights
You have the right to:
1. Be informed about Your Personal Information that the Investment Manager and/or the Administrator collects from you, uses, and retains, which this EU Privacy Policy seeks to do;
2. Obtain confirmation from the Investment Manager that Your Personal Information is being collected, used, and retained as described above and to access Your Personal Information held by the Investment Manager;
3. Have Your Personal Information corrected if it is inaccurate or incomplete at any time;
4. Erasure, or the right to be forgotten, which means you can request deletion or removal of any of Your Personal Information the Investment Manager holds about you at any time, subject to the Investment Manager’s or the Administrator’s rights to retain Your Personal Information for legitimate business purposes;
5. Block or suppress the Investment Manager collecting and using Your Personal Information, which means the Investment Manager can continue to store Your Personal Information but cannot further collect or use it in any way;
6. Obtain and reuse any of Your Personal Information that the Investment Manager holds about you for your own purposes across different services, which allows you to move, copy or transfer Your Personal Information easily from the Investment Manager to another place identified by you to the Investment Manager in a safe and secure way without hindrance to the usability of Your Personal Information;
7. Object to the Investment Manager collecting, using or retaining Your Personal Information where this is based on:
a. Your legitimate interest or the performance of a task in the public interest; or
b. Direct marketing even if otherwise legally permitted; and
8. withdraw your consent to the use of Your Personal Information at any time, as described below.
To make any requests as listed above, please contact the Investment Manager at AlkeonTeam@alkeoncapital.com.
The Investment Manager will confirm any requests relating to your rights above within one to two months of receipt of your request, depending on its complexity.
Withdrawal of Your Consent
You can tell the Investment Manager to stop collecting, using and retaining Your Personal Information at any time by emailing the Investment Manager at AlkeonTeam@alkeoncapital.com.
You should note that notwithstanding your withdrawal of consent, the Investment Manager may be legally required to retain some or all of Your Personal Information.
Where the Investment Manager or the Administrator requires Your Personal Information to comply with AML or other legal requirements, failure to provide this information will mean that you may be unable to be accepted as an investor in the Fund and/or may be mandatorily redeemed from the Fund if you are already an Investor.
Protection of Investor Information
The Investment Manager maintains appropriate technical and organizational measures to ensure a level of security appropriate to potential risks, including physical, electronic and procedural safeguards that comply with the GDPR to protect customer information, including:
1. The pseudonymization and encryption of Your Personal Information where appropriate;
2. Ensuring ongoing confidentiality, integrity, availability and resilience of processing systems and services;
3. Ensuring the Investment Manager can restore access to Your Personal Information in a timely manner if a physical or technical incident occurs; and
4. Regular testing, assessment and evaluation of the effectiveness of its technical and organizational measures to attempt to ensure Your Personal Information is secure.
The Investment Manager restricts access to the personal and account information of Investors to those employees who need to know that information in the course of their job responsibilities. The Investment Manager will destroy, erase or make unreadable data, computer files and documents containing Your Personal Information that is non-public prior to disposal.
Further Information
This EU Privacy Policy is in addition to the Investment Manager’s existing Privacy Policy adopted under US law, a copy of which is attached. The Investment Manager reserves the right to change this EU Privacy Policy at any time. The examples contained within this EU Privacy Policy are illustrations and are not intended to be exclusive. This EU Privacy Policy complies with the GDPR regarding privacy. You may have additional rights under other foreign or domestic privacy laws in addition to those that are described above. If you have any questions about this EU Privacy Policy, please call us at +1 (212) 716-6840.
Making a Complaint
If you would like to make a complaint about the way the Investment Manager has collected, used or retained Your Personal Information, please contact us at AlkeonTeam@alkeoncapital.com.
You have the right to lodge a complaint with a supervisory authority in the EU Member State of your habitual residence or place of work or in the place of the alleged infringement if you consider that the processing of personal data relating to you carried out by the Investment Manager or its service providers infringes the GDPR.
Former Customers and Investors
This EU Privacy Policy also applies to former Investors in the EU and the EEA.
Further Information
This EU Privacy Policy is in addition to the Investment Manager’s existing Privacy Policy adopted under US law, a copy of which is available from the Investment Manager or at its website (https://alkeoncapital.com/) in the “About Us” section. The Investment Manager reserves the right to change this EU Privacy Policy at any time and without prior notification. The examples contained within this EU Privacy Policy are illustrations and are not intended to be exclusive. This EU Privacy Policy complies with the GDPR regarding privacy. You may have additional rights under other foreign or domestic privacy laws in addition to those that are described above. If you have any questions about this EU Privacy Policy, please call or email us at AlkeonTeam@alkeoncapital.com. Other than as described above, no further action is required on your part.
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