Characteristics and Risks

All performance numbers are presented net of all expenses, management fees and incentive allocations except where noted. No representation is made that the funds will achieve the profits or losses similar to the results set forth herein.
Past performance is not necessarily indicative of future results. An investment in the funds entails substantial risks including the risk that an investor may lose some or all of its investment. This material does not constitute an offer to invest in the fund. Such offer may only be made pursuant to the funds’ current private placement memorandum. Only prospective investors who meet the funds’ qualification requirements will be allowed to invest.

 
 
   
   

CHARACTERISTICS AND RISKS
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