KEMI's statement that "BPC has undertaken its usual due diligence in respect of [the investment of US$50.4m in a Luxembourg fund that falsely claims to be regulated by the Bank of Engalnd and FCA] in line with its investment processes." has rather let the cat out of the bag. BPC states that: "The mission of British Patient Capital is to enable long-term investment in innovative UK companies led by ambitious entrepreneurs who want to build successful, world-class businesses." https://www.britishpatientcapital.co.uk/about/our-mission BUT BPC's objects are defined by statute in its incorporation documents: That doesn't seem to envisage or provide for investment in non-UK funds making investments in the USA and Europe, let alone ones that pretend to be regulated by The Bank of England, as set out in BPC's own propaganda. https://www.britishpatientcapital.co.uk/about/our-portfolio BPC has a long history of investing money with Fund Managers and then co-