Duet Real Estate Finance Limited is a closed-ended investment company. The Company�s investment objective is to provide shareholders, through its investment in the Master Fund, through exposure to European commercial real estate debt. During the year ended December 31, 2010, the Company has agreed pursuant to the commitment letter to invest in the Master Fund. The Master Fund is structured as an exempted limited partnership. The Master Fund invests in, and provides, debt finance secured directly or indirectly on commercial real estate primarily in the United Kingdom and Germany and additionally in the European Union, Norway and Switzerland. Duet Private Equity Limited acts as investment adviser of the Company. As of December 31, 2010, the Company had not commenced any operations.