The Board of Directors of Spice Private Equity decided to outsource the investment management activities of the company in 2013.

In 2013, Spice Private Equity (Bermuda) Ltd entered into an investment management agreement in 2013 with GP Advisors (Bermuda) Ltd in respect to services to be provided for its investment portfolio. The investment management agreement empowers GP Advisors (Bermuda) Ltd to take investment decisions on behalf of Spice Private Equity (Bermuda) Ltd.


GP Advisors (Bermuda) Ltd. Is a fully-owned subsidiary of GP Investments, Ltd.