Policy

Whistleblower Policy

Effective: April 2026 Owner: Chief Compliance Officer Applies to: All Telvo entities

Purpose

Telvo's Whistleblower Policy provides confidential reporting channels for personnel, vendors, LPs, and counterparties to raise concerns about suspected violations of law, regulation, or Telvo policy without fear of retaliation.

Reporting Channels

Concerns may be reported directly to the Chief Compliance Officer, to the Conflicts Committee, or through the confidential external whistleblower channel maintained by Telvo's independent legal counsel.

Non-Retaliation

Telvo prohibits retaliation against any person who reports a concern in good faith. Retaliation is a separate violation of the Code of Ethics and may result in disciplinary action.

Investigation

All reported concerns are investigated promptly, confidentially, and independently. Findings are reported to the Conflicts Committee and, where material, to the LP Advisory Committee of any affected fund vehicle.

Documentation

Whistleblower reports, investigations, and outcomes are documented and retained in accordance with Telvo's recordkeeping obligations.