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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_CapitalStructureArbitrageRiskMember_1" xml:lang="en-US">Capital Structure Arbitrage Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_ClosedEndFundLiquidityLimitedToPeriodicRepurchasesOfUnitsRiskMember_0" xml:lang="en-US">Closed End Fund Liquidity Limited To Periodic Repurchases Of Units Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_ClosedEndFundLiquidityLimitedToPeriodicRepurchasesOfUnitsRiskMember_1" xml:lang="en-US">Closed End Fund Liquidity Limited To Periodic Repurchases Of Units Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_ClosedEndFundsRiskMember_0" xml:lang="en-US">Closed End Funds Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_ClosedEndFundsRiskMember_1" xml:lang="en-US">Closed End Funds Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_CoInvestmentRiskMember_0" xml:lang="en-US">Co Investment Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_CommoditiesAndFuturesTradingRiskMember_0" xml:lang="en-US">Commodities And Futures Trading Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_CommoditiesAndFuturesTradingRiskMember_1" xml:lang="en-US">Commodities And Futures Trading Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_ControlOverUnderlyingManagersRiskMember_0" xml:lang="en-US">Control Over Underlying Managers Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_ControlOverUnderlyingManagersRiskMember_1" xml:lang="en-US">Control Over Underlying Managers Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_ConvertibleArbitrageTransactionsRiskMember_0" xml:lang="en-US">Convertible Arbitrage Transactions Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_ConvertibleArbitrageTransactionsRiskMember_1" xml:lang="en-US">Convertible Arbitrage Transactions Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_CounterpartyRiskMember_0" xml:lang="en-US">Counterparty Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_CounterpartyRiskMember_1" xml:lang="en-US">Counterparty Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_CounterpartyRiskOfUnderlyingFundsMember_0" xml:lang="en-US">Counterparty Risk Of Underlying Funds [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_CounterpartyRiskOfUnderlyingFundsMember_1" xml:lang="en-US">Counterparty Risk Risks Of Underlying Funds [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ck0002093738_CounterpartyRiskOfUnderlyingFundsMember_2" xml:lang="en-US">Counterparty Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_CreditDefaultSwapsRiskMember_0" xml:lang="en-US">Credit Default Swaps Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_CreditDefaultSwapsRiskMember_1" xml:lang="en-US">Credit Default Swaps Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_CreditRatingsRiskMember_0" xml:lang="en-US">Credit Ratings Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_CreditRatingsRiskMember_1" xml:lang="en-US">Credit Ratings Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_CreditRiskOfIssuerRiskMember_0" xml:lang="en-US">Credit Risk Of Issuer Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_CreditRiskOfIssuerRiskMember_1" xml:lang="en-US">Credit Risk Of Issuer Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_CurrencyAndExchangeRateRiskMember_0" xml:lang="en-US">Currency And Exchange Rate Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_CurrencyAndExchangeRateRiskMember_1" xml:lang="en-US">Currency And Exchange Rate Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_CyberSecurityRiskMember_0" xml:lang="en-US">Cyber Security Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_CyberSecurityRiskMember_1" xml:lang="en-US">Cyber Security Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_DependenceOnInvestmentAdviserRiskMember_0" xml:lang="en-US">Dependence On Investment Adviser Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_DependenceOnInvestmentAdviserRiskMember_1" xml:lang="en-US">Dependence on the Investment Adviser Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_DisasterRecoveryAndDataSecurityRiskMember_0" xml:lang="en-US">Disaster Recovery And Data Security Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_DisasterRecoveryAndDataSecurityRiskMember_1" xml:lang="en-US">Disaster Recovery And Data Security Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_EmergingMarketsRiskMember_0" xml:lang="en-US">Emerging Markets Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_EmergingMarketsRiskMember_1" xml:lang="en-US">Emerging Markets Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_EnhancedRegulationOfShortSalesAndCreditDefaultSwapsRiskMember_0" xml:lang="en-US">Enhanced Regulation Of Short Sales And Credit Default Swaps Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_EnhancedRegulationOfShortSalesAndCreditDefaultSwapsRiskMember_1" xml:lang="en-US">Enhanced Regulation Of Short Sales And Credit Default Swaps Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_EnvironmentalAndOtherLiabilitiesRiskMember_0" xml:lang="en-US">Environmental And Other Liabilities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_EnvironmentalAndOtherLiabilitiesRiskMember_1" xml:lang="en-US">Environmental And Other Liabilities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_EquitySecuritiesRiskMember_0" xml:lang="en-US">Equity Securities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_EquitySecuritiesRiskMember_1" xml:lang="en-US">Equity Securities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_EventDrivenStrategyRiskMember_0" xml:lang="en-US">Event Driven Strategy Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_EventDrivenStrategyRiskMember_1" xml:lang="en-US">Event Driven Strategy Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_ExchangesForRelatedProductsRiskMember_0" xml:lang="en-US">Exchanges For Related Products Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_ExchangesForRelatedProductsRiskMember_1" xml:lang="en-US">Exchanges For Related Products Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_FixedIncomeInvestmentsRiskMember_0" xml:lang="en-US">Fixed Income Investments Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_FixedIncomeInvestmentsRiskMember_1" xml:lang="en-US">Fixed Income Investments Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_ForeignInvestingRiskMember_0" xml:lang="en-US">Foreign Investing Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_ForeignInvestingRiskMember_1" xml:lang="en-US">Foreign Investing Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_ForwardTradingRiskMember_0" xml:lang="en-US">Forward Trading Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_ForwardTradingRiskMember_1" xml:lang="en-US">Forward Trading Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_GeneralRegulatoryConsiderationsRiskMember_0" xml:lang="en-US">General Regulatory Considerations Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_GeneralRegulatoryConsiderationsRiskMember_1" xml:lang="en-US">General Regulatory Considerations Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_GeneralRisksOfArbitrageTransactionsRiskMember_0" xml:lang="en-US">General Risks Of Arbitrage Transactions Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_GeneralRisksOfArbitrageTransactionsRiskMember_1" xml:lang="en-US">General Risks Of Arbitrage Transactions Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_GovernmentInterventionInFinancialMarketsMember_0" xml:lang="en-US">Government Intervention In Financial Markets [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_GovernmentInterventionInFinancialMarketsMember_1" xml:lang="en-US">Government Intervention In Financial Markets [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_HighPortfolioTurnoverRiskMember_0" xml:lang="en-US">High Portfolio Turnover Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_HighPortfolioTurnoverRiskMember_1" xml:lang="en-US">High Portfolio Turnover Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_HighYieldSecuritiesRiskMember_0" xml:lang="en-US">High Yield Securities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_HighYieldSecuritiesRiskMember_1" xml:lang="en-US">High Yield Securities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_IlliquidInvestmentsRiskMember_0" xml:lang="en-US">Illiquid Investments Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_IlliquidInvestmentsRiskMember_1" xml:lang="en-US">Illiquid Investments Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_IlliquidUnderlyingFundsMember_0" xml:lang="en-US">Illiquid Underlying Funds [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_IlliquidUnderlyingFundsMember_1" xml:lang="en-US">Illiquid Underlying Funds [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_IndemnificationOfPrivateUnderlyingFundsRiskMember_0" xml:lang="en-US">Indemnification Of Private Underlying Funds Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_IndemnificationOfPrivateUnderlyingFundsRiskMember_1" xml:lang="en-US">Indemnification of Private Underlying Funds Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_IndustryConcentrationRiskMember_0" xml:lang="en-US">Industry Concentration Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_IndustryConcentrationRiskMember_1" xml:lang="en-US">Industry Concentration Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_InflationRiskMember_0" xml:lang="en-US">Inflation Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_InvestmentAndMarketRiskMember_0" xml:lang="en-US">Investment And Market Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_InvestmentAndMarketRiskMember_1" xml:lang="en-US">Investment and Market Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_InvestmentRisksOfBankDebtRiskMember_0" xml:lang="en-US">Investment Risks Of Bank Debt Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_InvestmentRisksOfBankDebtRiskMember_1" xml:lang="en-US">Investment Risks Of Bank Debt Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_InvestmentsInNonVotingSecuritiesRiskMember_0" xml:lang="en-US">Investments In Non Voting Securities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_InvestmentsInNonVotingSecuritiesRiskMember_1" xml:lang="en-US">Investments In Non Voting Securities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_LackOfOperatingHistoryOfUnderlyingFundsRiskMember_0" xml:lang="en-US">Lack Of Operating History Of Underlying Funds Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_LackOfOperatingHistoryOfUnderlyingFundsRiskMember_1" xml:lang="en-US">Lack Of Operating History Of Underlying Funds Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_LegalTaxAndRegulatoryMember_0" xml:lang="en-US">Legal, Tax And Regulatory [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_LegalTaxAndRegulatoryMember_1" xml:lang="en-US">Legal, Tax And Regulatory [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_LegalTaxAndRegulatoryRiskMember_0" xml:lang="en-US">Legal Tax And Regulatory Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_LegalTaxAndRegulatoryRiskMember_1" xml:lang="en-US">Legal Tax And Regulatory Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_LeveragedInvestmentsRiskMember_0" xml:lang="en-US">Leveraged Investments Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_LeveragedInvestmentsRiskMember_1" xml:lang="en-US">Leveraged Investments Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_LeverageRiskMember_0" xml:lang="en-US">Leverage Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_LiborDiscontinuationRiskMember_0" xml:lang="en-US">Libor Discontinuation Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_LiborDiscontinuationRiskMember_1" xml:lang="en-US">Libor Discontinuation Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_LimitationsOnInvestmentOpportunitiesRiskMember_0" xml:lang="en-US">Limitations On Investment Opportunities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_LimitationsOnInvestmentOpportunitiesRiskMember_1" xml:lang="en-US">Limitations On Investment Opportunities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_LimitedOperatingHistoryRiskMember_0" xml:lang="en-US">Limited Operating History Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_LimitedOperatingHistoryRiskMember_1" xml:lang="en-US">Limited Operating History Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_LimitsOfRiskDisclosureRiskMember_0" xml:lang="en-US">Limits Of Risk Disclosure Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_LimitsOfRiskDisclosureRiskMember_1" xml:lang="en-US">Limits Of Risk Disclosure Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_LiquidityConstraintsOfUnderlyingFundsRiskMember_0" xml:lang="en-US">Liquidity Constraints Of Underlying Funds Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_LiquidityConstraintsOfUnderlyingFundsRiskMember_1" xml:lang="en-US">Liquidity Constraints Of Underlying Funds Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_LitigationRiskMember_0" xml:lang="en-US">Litigation Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_LitigationRiskMember_1" xml:lang="en-US">Litigation Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_LongShortEquityStrategyRiskMember_0" xml:lang="en-US">Long Short Equity Strategy Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_LongShortEquityStrategyRiskMember_1" xml:lang="en-US">Long Short Equity Strategy Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_MarketNeutralStrategiesRiskMember_0" xml:lang="en-US">Market Neutral Strategies Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_MarketNeutralStrategiesRiskMember_1" xml:lang="en-US">Market Neutral Strategies Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_MergerArbitrageInvestmentsRiskMember_0" xml:lang="en-US">Merger Arbitrage Investments Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_MergerArbitrageInvestmentsRiskMember_1" xml:lang="en-US">Merger Arbitrage Investments Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_MortgageRelatedSecuritiesRiskMember_0" xml:lang="en-US">Mortgage Related Securities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_MortgageRelatedSecuritiesRiskMember_1" xml:lang="en-US">Mortgage Related Securities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_MultipleLevelsOfFeesAndExpensesRiskMember_0" xml:lang="en-US">Multiple Levels Of Fees And Expenses Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_MultipleLevelsOfFeesAndExpensesRiskMember_1" xml:lang="en-US">Multiple Levels Of Fees And Expenses Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_NewIssuesRiskMember_0" xml:lang="en-US">New Issues Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_NewIssuesRiskMember_1" xml:lang="en-US">New Issues Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_NewStrategiesRiskMember_0" xml:lang="en-US">New Strategies Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_NewStrategiesRiskMember_1" xml:lang="en-US">New Strategies Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_NoControlOverUnderlyingManagersRiskMember_0" xml:lang="en-US">No Control Over Underlying Managers Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_NonDiversifiedStatusRiskMember_0" xml:lang="en-US">Non Diversified Status Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_NonDiversifiedStatusRiskMember_1" xml:lang="en-US">Non Diversified Status Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_NonQualificationAsRegulatedInvestmentCompanyRiskMember_0" xml:lang="en-US">Non Qualification As Regulated Investment Company Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_NonQualificationAsRegulatedInvestmentCompanyRiskMember_1" xml:lang="en-US">Non-qualification As Regulated Investment Company Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ck0002093738_NonQualificationAsRegulatedInvestmentCompanyRiskMember_2" xml:lang="en-US">Non-Qualification As A RIC Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_NonReportingStocksRiskMember_0" xml:lang="en-US">Non Reporting Stocks Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_NonReportingStocksRiskMember_1" xml:lang="en-US">Non Reporting Stocks Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_NoRegistrationRiskMember_0" xml:lang="en-US">No Registration Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_NoRegistrationRiskMember_1" xml:lang="en-US">No Registration Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_OtherInvestmentCompaniesRiskMember_0" xml:lang="en-US">Other Investment Companies Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_OverCounterAndOtherDerivativeInstrumentsInGeneralRiskMember_0" xml:lang="en-US">Over Counter And Other Derivative Instruments In General Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_OverCounterAndOtherDerivativeInstrumentsInGeneralRiskMember_1" xml:lang="en-US">Over Counter And Other Derivative Instruments In General Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_PotentialConflictsOfInterestRiskMember_0" xml:lang="en-US">Potential Conflicts Of Interest Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_PotentialConflictsOfInterestRiskMember_1" xml:lang="en-US">Potential Conflicts Of Interest Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_PrivateEquityGrowthEquityAndVentureCapitalStrategiesRiskMember_0" xml:lang="en-US">Private Equity Growth Equity And Venture Capital Strategies Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_PrivateEquityGrowthEquityAndVentureCapitalStrategiesRiskMember_1" xml:lang="en-US">Private Equity Growth Equity And Venture Capital Strategies Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_PrivateFundsRiskMember_0" xml:lang="en-US">Private Funds Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_PrivateFundsRiskMember_1" xml:lang="en-US">Private Funds Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_PrivateInvestmentInPublicEquityTransactionsRiskMember_0" xml:lang="en-US">Private Investment In Public Equity Transactions Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_PrivateInvestmentInPublicEquityTransactionsRiskMember_1" xml:lang="en-US">Private Investment In Public Equity Transactions Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_PrivateOfferingExemptionRiskMember_0" xml:lang="en-US">Private Offering Exemption Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_PrivateOfferingExemptionRiskMember_1" xml:lang="en-US">Private Offering Exemption Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_PrivatePlacementsRiskMember_0" xml:lang="en-US">Private Placements Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_PrivatePlacementsRiskMember_1" xml:lang="en-US">Private Placements Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_RatingAgenciesRiskMember_0" xml:lang="en-US">Rating Agencies Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_RatingAgenciesRiskMember_1" xml:lang="en-US">Rating Agencies Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_RealEstateInvestmentRiskMember_0" xml:lang="en-US">Real Estate Investment Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_RealEstateInvestmentRiskMember_1" xml:lang="en-US">Real Estate Investment Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_RealEstateStrategyRiskMember_0" xml:lang="en-US">Real Estate Strategy Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_RealEstateStrategyRiskMember_1" xml:lang="en-US">Real Estate Strategy Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_RecentMarketCircumstancesRiskMember_0" xml:lang="en-US">Recent Market Circumstances Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_RecentMarketCircumstancesRiskMember_1" xml:lang="en-US">Recent Market Circumstances Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_RelativeValueStrategyRiskMember_0" xml:lang="en-US">Relative Value Strategy Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_RelativeValueStrategyRiskMember_1" xml:lang="en-US">Relative Value Strategy Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_RelianceOnCoInvestmentOrderRiskMember_0" xml:lang="en-US">Reliance On Co Investment Order Risk. [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_RelianceOnCoInvestmentOrderRiskMember_1" xml:lang="en-US">Reliance On Co Investment Order Risk. [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_RelianceOnKeyPersonsRiskMember_0" xml:lang="en-US">Reliance On Key Persons Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_RelianceOnKeyPersonsRiskMember_1" xml:lang="en-US">Reliance On Key Persons Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_RelianceOnPrivateFundManagementRiskMember_0" xml:lang="en-US">Reliance On Private Fund Management Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_RepurchaseAgreementsAndReverseRepurchaseAgreementsRiskMember_0" xml:lang="en-US">Repurchase Agreements And Reverse Repurchase Agreements Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_RepurchaseAgreementsAndReverseRepurchaseAgreementsRiskMember_1" xml:lang="en-US">Repurchase Agreements And Reverse Repurchase Agreements Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_RisksOfSecuritiesActivitiesOfUnderlyingManagersRiskMember_0" xml:lang="en-US">Risks Of Securities Activities Of Underlying Managers Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_RisksRelatedToInvestingInIlliquidUnderlyingFundsMember_0" xml:lang="en-US">Risks Related To Investing In Illiquid Underlying Funds [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_RisksRelatedToInvestingInIlliquidUnderlyingFundsMember_1" xml:lang="en-US">Risks Related To Investing In Illiquid Underlying Funds [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_SecondaryInvestmentsRiskMember_0" xml:lang="en-US">Secondary Investments Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_SecuredOvernightFinancialRateRiskMember_0" xml:lang="en-US">Secured Overnight Financial Rate Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_SecuredOvernightFinancialRateRiskMember_1" xml:lang="en-US">Secured Overnight Financial Rate Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_SecurityFuturesContractsRiskMember_0" xml:lang="en-US">Security Futures Contracts Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_SecurityFuturesContractsRiskMember_1" xml:lang="en-US">Security Futures Contracts Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_ShortSalesRiskMember_0" xml:lang="en-US">Short Sales Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_ShortSalesRiskMember_1" xml:lang="en-US">Short Sales Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_ShortSalesRisksOfUnderlyingFundsMember_0" xml:lang="en-US">Short Sales Risks Of Underlying Funds [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_ShortSalesRisksOfUnderlyingFundsMember_1" xml:lang="en-US">Short Sales Risks Of Underlying Funds [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ck0002093738_ShortSalesRisksOfUnderlyingFundsMember_2" xml:lang="en-US">Short Sales [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_SmallToMicroCapStocksRiskMember_0" xml:lang="en-US">Small To Micro Cap Stocks Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_SmallToMicroCapStocksRiskMember_1" xml:lang="en-US">Small To Micro Cap Stocks Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_SpecialSituationInvestmentsDistressedCompaniesRiskMember_0" xml:lang="en-US">Special Situation Investments Distressed Companies Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_SpecialSituationInvestmentsDistressedCompaniesRiskMember_1" xml:lang="en-US">Special Situation Investments Distressed Companies Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_SpreadTradingRiskMember_0" xml:lang="en-US">Spread Trading Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_SpreadTradingRiskMember_1" xml:lang="en-US">Spread Trading Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_StraddlesRiskMember_0" xml:lang="en-US">Straddles Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_StraddlesRiskMember_1" xml:lang="en-US">Straddles Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_SubordinatedSecuritiesRiskMember_0" xml:lang="en-US">Subordinated Securities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_SubordinatedSecuritiesRiskMember_1" xml:lang="en-US">Subordinated Securities Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_SubsidiaryInvestmentRiskMember_0" xml:lang="en-US">Subsidiary Investment Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_SubsidiaryInvestmentRiskMember_1" xml:lang="en-US">Subsidiary Investment Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_SubstantialRepurchasesRiskMember_0" xml:lang="en-US">Substantial Repurchases Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_SubstantialRepurchasesRiskMember_1" xml:lang="en-US">Substantial Repurchases Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_TaxRiskMember_0" xml:lang="en-US">Tax Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_TaxRiskMember_1" xml:lang="en-US">Tax Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_TechnologicalAdvancementsRiskMember_0" xml:lang="en-US">Technological Advancements Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_TerminationOfPrivateFundInterestsRiskMember_0" xml:lang="en-US">Termination Of Private Fund Interests Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_TradeErrorsRiskMember_0" xml:lang="en-US">Trade Errors Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_TradeErrorsRiskMember_1" xml:lang="en-US">Trade Errors Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_TradingInExchangeTradedFundRiskMember_0" xml:lang="en-US">Trading In Exchange Traded Fund Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_TradingInExchangeTradedFundRiskMember_1" xml:lang="en-US">Trading In Exchange Traded Fund Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_TradingInOptionsRiskMember_0" xml:lang="en-US">Trading In Options Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_TradingInOptionsRiskMember_1" xml:lang="en-US">Trading In Options Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_TradingOnExchangesInMultipleJurisdictionsRiskMember_0" xml:lang="en-US">Trading On Exchanges In Multiple Jurisdictions Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_TradingOnExchangesInMultipleJurisdictionsRiskMember_1" xml:lang="en-US">Trading On Exchanges In Multiple Jurisdictions Risk [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ck0002093738_TradingOnExchangesInMultipleJurisdictionsRisksOfUnderlyingFundsMember_0" xml:lang="en-US">Trading On Exchanges In Multiple Jurisdictions Risks Of Underlying Funds [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_TradingOnExchangesInMultipleJurisdictionsRisksOfUnderlyingFundsMember_1" xml:lang="en-US">Trading On Exchanges In Multiple Jurisdictions Risks Of Underlying Funds [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ck0002093738_TradingOnExchangesInMultipleJurisdictionsRisksOfUnderlyingFundsMember_2" xml:lang="en-US">Trading On Exchanges In Multiple Jurisdictions [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_ck0002093738_UnderlyingFundsRiskMember_0" xml:lang="en-US">Underlying Funds Risk [Member]</link:label>
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  <element name="NewIssuesRiskMember" id="ck0002093738_NewIssuesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="NewStrategiesRiskMember" id="ck0002093738_NewStrategiesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="NoControlOverUnderlyingManagersRiskMember" id="ck0002093738_NoControlOverUnderlyingManagersRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="NonDiversifiedStatusRiskMember" id="ck0002093738_NonDiversifiedStatusRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="NonQualificationAsRegulatedInvestmentCompanyRiskMember" id="ck0002093738_NonQualificationAsRegulatedInvestmentCompanyRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="NonReportingStocksRiskMember" id="ck0002093738_NonReportingStocksRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="NoRegistrationRiskMember" id="ck0002093738_NoRegistrationRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="OtherInvestmentCompaniesRiskMember" id="ck0002093738_OtherInvestmentCompaniesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="OverCounterAndOtherDerivativeInstrumentsInGeneralRiskMember" id="ck0002093738_OverCounterAndOtherDerivativeInstrumentsInGeneralRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="PotentialConflictsOfInterestRiskMember" id="ck0002093738_PotentialConflictsOfInterestRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="PrivateEquityGrowthEquityAndVentureCapitalStrategiesRiskMember" id="ck0002093738_PrivateEquityGrowthEquityAndVentureCapitalStrategiesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="PrivateFundsRiskMember" id="ck0002093738_PrivateFundsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="PrivateInvestmentInPublicEquityTransactionsRiskMember" id="ck0002093738_PrivateInvestmentInPublicEquityTransactionsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="PrivateOfferingExemptionRiskMember" id="ck0002093738_PrivateOfferingExemptionRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="PrivatePlacementsRiskMember" id="ck0002093738_PrivatePlacementsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="RatingAgenciesRiskMember" id="ck0002093738_RatingAgenciesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="RealEstateInvestmentRiskMember" id="ck0002093738_RealEstateInvestmentRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="RealEstateStrategyRiskMember" id="ck0002093738_RealEstateStrategyRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="RecentMarketCircumstancesRiskMember" id="ck0002093738_RecentMarketCircumstancesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="RelativeValueStrategyRiskMember" id="ck0002093738_RelativeValueStrategyRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="RelianceOnCoInvestmentOrderRiskMember" id="ck0002093738_RelianceOnCoInvestmentOrderRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="RelianceOnKeyPersonsRiskMember" id="ck0002093738_RelianceOnKeyPersonsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="RelianceOnPrivateFundManagementRiskMember" id="ck0002093738_RelianceOnPrivateFundManagementRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="RepurchaseAgreementsAndReverseRepurchaseAgreementsRiskMember" id="ck0002093738_RepurchaseAgreementsAndReverseRepurchaseAgreementsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="RisksOfSecuritiesActivitiesOfUnderlyingManagersRiskMember" id="ck0002093738_RisksOfSecuritiesActivitiesOfUnderlyingManagersRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="RisksRelatedToInvestingInIlliquidUnderlyingFundsMember" id="ck0002093738_RisksRelatedToInvestingInIlliquidUnderlyingFundsMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="SecondaryInvestmentsRiskMember" id="ck0002093738_SecondaryInvestmentsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="SecuredOvernightFinancialRateRiskMember" id="ck0002093738_SecuredOvernightFinancialRateRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="SecurityFuturesContractsRiskMember" id="ck0002093738_SecurityFuturesContractsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="ShortSalesRiskMember" id="ck0002093738_ShortSalesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="ShortSalesRisksOfUnderlyingFundsMember" id="ck0002093738_ShortSalesRisksOfUnderlyingFundsMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="SmallToMicroCapStocksRiskMember" id="ck0002093738_SmallToMicroCapStocksRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="SpecialSituationInvestmentsDistressedCompaniesRiskMember" id="ck0002093738_SpecialSituationInvestmentsDistressedCompaniesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="SpreadTradingRiskMember" id="ck0002093738_SpreadTradingRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="StraddlesRiskMember" id="ck0002093738_StraddlesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="SubordinatedSecuritiesRiskMember" id="ck0002093738_SubordinatedSecuritiesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="SubsidiaryInvestmentRiskMember" id="ck0002093738_SubsidiaryInvestmentRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="SubstantialRepurchasesRiskMember" id="ck0002093738_SubstantialRepurchasesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="TaxRiskMember" id="ck0002093738_TaxRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="TechnologicalAdvancementsRiskMember" id="ck0002093738_TechnologicalAdvancementsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="TerminationOfPrivateFundInterestsRiskMember" id="ck0002093738_TerminationOfPrivateFundInterestsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="TradeErrorsRiskMember" id="ck0002093738_TradeErrorsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="TradingInExchangeTradedFundRiskMember" id="ck0002093738_TradingInExchangeTradedFundRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="TradingInOptionsRiskMember" id="ck0002093738_TradingInOptionsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="TradingOnExchangesInMultipleJurisdictionsRiskMember" id="ck0002093738_TradingOnExchangesInMultipleJurisdictionsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="TradingOnExchangesInMultipleJurisdictionsRisksOfUnderlyingFundsMember" id="ck0002093738_TradingOnExchangesInMultipleJurisdictionsRisksOfUnderlyingFundsMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="UnderlyingFundsRiskMember" id="ck0002093738_UnderlyingFundsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="UnderlyingManagersInvestIndependentlyRiskMember" id="ck0002093738_UnderlyingManagersInvestIndependentlyRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="ValuationOfPrivateFundsRiskMember" id="ck0002093738_ValuationOfPrivateFundsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="ValuationOfPrivateUnderlyingFundsRiskMember" id="ck0002093738_ValuationOfPrivateUnderlyingFundsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="ValuationRiskMember" id="ck0002093738_ValuationRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="WarrantsAndRightsRiskMember" id="ck0002093738_WarrantsAndRightsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
</schema>
