Liquidity in the Discovery offering

Ultimately, what did Discovery offer you Discovery A private equity portfolio of a quality equivalent to that built up by the wealthiest families. The only difference is that, in order to build up these portfolios, these families often have very strong teams of 10, 20, 30, or even 50 people. Here, it is provided to you ready-made by the Discovery team, Discovery manages for you, sources for you, diligently works for you, and creates a portfolio that is very easy to subscribe to and very easy to follow, completely digitally, at the highest ESG level. And I forgot to mention something very important: liquidity. I will conclude on that point. The liquidity of these assets, Discovery, is guaranteed at all times by the life insurer. So, if there was one obstacle to subscribing to private equity, it was the associated illiquidity, but we've overcome that with the Discovery range. The insurers who work with us have agreed, within the limits of the envelopes allocated to us, to guarantee the liquidity of your private equity assets at all times. What does that mean? It means that if you want to exit the portfolio, in the blink of an eye, the insurer will buy back your portfolio at its net asset value, so that liquidity is no longer a barrier to subscription. So, with Discovery, you have a whole host of advantages. It is easy to subscribe to, it offers the tax and inheritance benefits of life insurance, and its liquidity is guaranteed at all times by the insurer. No other family in the world has this liquidity guarantee, but now you do with Discovery.