For the purpose of applying these provisions, the prospectus shall replace the key investor information document for the professional private equity investment fund which does not prepare one.By way of derogation to 1° of I of Article 422-116, the declaration made to holders indicates that the investment in the master AIF was reported to the AMF in accordance with Article L. 214-153 of the Monetary and Financial Code. Paragraph 2 - Operating rules Sub-paragraph 1 - Minimum asset amount Article 423-41Article 422-22 shall apply. Sub-paragraph 2 - Professional private equity investment funds with sub-funds Article 423-42If the professional private equity investment fund rules stipulate that the fund shall be made up of sub-funds, the formation of new sub-funds shall be declared under the conditions stipulated in Article 423-16. Changes to the sub-funds shall be reported to the AMF in the month following their completion. Sub-paragraph 3 - Contributions in kind Article 423-43The provisions of Articles 422-25 and 422-127 shall apply, with the exception of the second sentence of Article 422-127. Sub-paragraph 4 - Mergers, demergers, takeovers, liquidation, conversions and changes Article 423-44The provisions of Articles 422-97 to 422-104, 422-117, 422-128 and 422-129 shall apply, unless authorised by the AMF, replaced by a declaration to the AMF in the month following finalisation of the transaction or the event.The provisions of Article 422-99 shall apply to the merger of a professional private equity investment fund unless the fund rules provide that the costs generated by the merger transaction may be charged to the fund.Mergers and demergers shall be reported in the month following their completion. The reporting requirement shall be satisfied by sending the AMF the merger or demerger agreement, along with the statutory auditors' reports.Article 423-45The provisions of Articles 422-18 and 422-120 shall apply.Liquidations shall be reported in the month following the decision made by the management company of the professional private equity investment fund.The auditor's report shall be sent to the AMF.Article 423-46A professional private equity investment fund may be converted into a professional specialised fund provided that it complies beforehand with the provisions of the Monetary and Financial Code that apply to the chosen category of professional specialised fund.Conversion to a professional specialised fund shall not require the authorisation of the AMF. It shall require the explicit consent of each unit holder. 
### Language ###
English

### Assessment ###
We could ask about the requirement for converting a professional private equity investment fund into a professional specialised fund, focusing on unit holder consent.

### Query ###
Do I need the consent of all unit holders to convert a private equity investment fund into a specialized fund?
Do I need the consent of all unit holders to convert a private equity investment fund into a specialized fund?