Disclaimer

This material contained in this book does not constitute an offer or solicitation in any jurisdiction to any person or entity. The information contained herein is not complete with respect to any of the funds described in this book (collectively the “Funds”), including without limitation, important disclosures and risk factors associated with an investment in the Funds, and is subject to change without notice. To the extent that the information contained herein becomes outdated or is otherwise incorrect, we have no obligation to update or correct such outdated or incorrect information. Offers to sell interests in the Funds are made only by the respective Funds’ Private Placement Memoranda (each, a PPM) and not by the information contained in this book. In the event that the descriptions or terms in this book are inconsistent with or contrary to the descriptions in or terms of the respective Funds’ PPM, Partnership Agreement/Memorandum and Articles of Association (as applicable) or such other documents, the PPM, Partnership Agreement/Memorandum and Articles of Association (as applicable) and such other documents shall control.

The interests of these Funds have not been approved or disapproved by the U.S. Securities and Exchange Commission (SEC) or by the securities regulatory authority of any state or of any other jurisdiction, nor has the SEC or any such securities regulatory authority passed upon the accuracy or adequacy of this document. Any representation to the contrary is a criminal offense. The interests have not been registered under the U.S. Securities Act of 1933, as amended (the Securities Act), the securities laws of any state or the securities laws of any other jurisdiction, nor is such registration contemplated. The interests will be offered and sold in the United States under the exemption provided by Section 4(2) of the Securities Act and/or Regulation D promulgated thereunder and other exemptions of similar import in the laws of the jurisdictions where the offering will be made. The interests will be offered and sold outside the United States under the exemption provided by Regulation S under the Securities Act. The Funds will not be registered as an investment company under the U.S. Investment Company Act of 1940, as amended (the Investment Company Act). Consequently, investors will not be afforded the protections of the Investment Company Act. There is no public market for the interests and no such market is expected to develop in the future. The interests may not be sold or transferred except as permitted under the Partnership Agreement, and they are registered under the Securities Act or an exemption exists from such registration thereunder.

Past performance in any of the Funds does not guarantee future results. There is no assurance that the Funds will necessarily achieve their investment objectives or that they will or are likely to achieve results comparable to those shown in this book, or will make any profit, or will be able to avoid incurring losses. Investments in the Funds are subject to a variety of risks (which are described in the respective Funds’ PPMs). Investments in the Funds are suitable only for qualified investors that fully understand the risks of such investments. The information contained herein does not take into account the particular investment objectives or financial circumstances of any specific person who may receive it. An investor should review thoroughly with his or her advisers the respective Funds’ PPMs before making an investment determination. None of the managers of the Funds described in this book nor any of their affiliates are acting as an investment adviser or otherwise making any recommendation as to an investor’s decision to invest in the respective Funds. Certain statements in this book, including, without limitation, forward-looking statements (which are made in reliance upon the “safe harbor” provisions of the federal securities laws), constitute views of the portfolio managers of the respective Funds regarding the current state of the markets and the potential availability of investment opportunities for the Funds. The statements are made based on such views as they exist as of the date of this publication. Such views are subject to change without notice based on numerous factors, such as further analyses conducted by the portfolio managers of the respective Funds, and changes in economic, market, political and other conditions that may impact investment opportunities. There is no assurance that such views are correct or will prove, with the passage of time, to be correct.

No representations or warranties, express or implied, are made as to the accuracy or completeness of information in this book obtained from third parties. The information contained herein may change at any time without notice and there is no duty to update the person or firm to whom this information is provided. Each manager of the Funds described in this book expressly disclaims liability for errors or omissions in the information and data presented herein and for any loss or damage arising out of the use or misuse or reliance on the information provided including without limitation, any loss or profit or any other damage, direct or consequential. No warranty of any kind, implied, expressed or statutory, is given in conjunction with any of the information and data contained in this book.