In connection with your use of or access to this site, we from time to time may provide you with user names, passwords and/or other unique identifiers (“User Codes”). The User Codes are for your personal use only. You are responsible for the security and confidentiality of your User Codes, and agree not to disclose them to any third party, including any other employee in your organization (if applicable). You are responsible for all information provided and any acts or omissions that occur while your User Codes are being used. We are not responsible for any breach of security caused by your failure to maintain the confidentiality and security of your User Codes. You agree to notify us immediately in the event of loss, theft or disclosure of any or all of your User Codes, or if you believe the confidentiality or security of any or all of your User Codes has been compromised in any way, or in the event of your learning about a possible or actual unauthorized access to and/or use of this site. We reserve the right to revoke or modify your User Codes at any time without prior notice.

The Firm does not guarantee the accuracy, validity, completeness or suitability of any information or data made available to you on this site, and expressly disclaims all warranties, express or implied, with respect thereto, including warranties of title, non-infringement, merchantability or fitness for a particular purpose. The Firm does not warrant that the site will be available at any particular time or location, that any defects or errors will be corrected, that unauthorized access to or misappropriation of the content will not occur, or that the content is free of viruses or other harmful components. Your use of the site is solely at your risk.

Certain information contained on this site has been obtained from sources we believed to be reliable at the time such information was initially published. However, the accuracy, timeliness and completeness of such information, the underlying data or the computations based thereon cannot be guaranteed. We do not review, and assume no responsibility for, the content received from, or created by, any third parties, including news, research and other data.

The information contained on this site is not, and should not be construed to be, an offer to sell, or a solicitation of an offer to buy, interests in any fund managed by the Firm (a “Fund”). An offering of interests in a Fund will be made only by means of a confidential private offering memorandum (a “Memorandum”) and only to qualified investors in jurisdictions where permitted by law.

An investment in a Fund is speculative and involves a high degree of risk. A Fund is not intended to be a complete investment program. The Firm intends to employ certain strategies and techniques, such as investing in distressed securities, illiquid securities, short selling and the use of leverage and derivatives, which may increase the risk of investment loss. The Firm’s investment program involves substantial risk, including the loss of principal, and no assurance can be given that a Fund’s investment objectives will be achieved. As a result, a Fund’s performance may be volatile, and an investor could lose all or a substantial amount of his or her investment. A Fund’s fees and expenses may offset trading profits. Past performance is not a guarantee of, and is not necessarily indicative of, future results.

A Fund will also have substantial limitations on investors’ ability to redeem or transfer their interests, and no secondary market for a Fund’s interests exists or is expected to develop, so investors may not have access to capital when needed. All of these risks, and other important risks, are described in detail each Fund’s Memorandum. Prospective investors are strongly urged to review the Fund’s Memorandum carefully and consult with their own financial, legal and tax advisors before investing.

The development of an investment strategy, portfolio construction guidelines and risk management techniques for a Fund is an ongoing process. The strategies, techniques and methods described on this site, and the securities in which a Fund may invest, will
therefore be modified by the Firm from time to time and over time. No information on this site shall in any way be deemed to limit the strategies, techniques, methods or processes which the Firm may adopt for a Fund, the factors that the Firm may take into account in analyzing investments for a Fund or the securities in which a Fund may invest. Depending on conditions and trends in securities markets and the economy generally, the Firm may pursue other objectives, or employ other strategies, techniques, methods or processes and/or invest in different types of securities, in each case, that it considers appropriate and in the best interest of a Fund without notice to or the consent of investors. The integration of ESG factors into the investment process of the Firm does not necessarily mean that ESG factors will be the most important factors in an investment decision.

Case studies and white papers may provide examples of the types of transactions the Firm pursues and do not represent all investments made by the Firm or the outcomes achieved. Investment rationales and other considerations are based on the Firm’s internal analysis and views as of the date of the investment commitment and will not be updated. References to a particular investment should not be considered a recommendation of any security or investment. There can be no assurance that the Firm will be able to invest in similar opportunities in the future or that the investment shown is or will be successful.

Certain information contained on this site constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events, results or the actual performance of a Fund’s investments may differ materially from those reflected or contemplated in such forward-looking statements. Nothing contained on this site may be relied upon as a guarantee, promise, assurance or a representation as to the future.

The posting of any presentation or other information on this site should not be interpreted as a recommendation or opinion by the Firm that you should make any purchase or sale or participate in any transaction.

The Firm does not assume any responsibility or liability for information accessed via hyperlinks (“links”) to or from third party sites. The existence of such links should not be construed as an endorsement, approval or verification by the Firm of any content available on linked sites. The Firm provides these links as an accommodation to you and solely for information purposes. By providing access to other sites, the Firm is not recommending the purchase or sale of products or services provided by the sponsoring organization of any linked sites. The Firm does not review, monitor or supervise the content of any linked sites. If you choose to access a linked site, you do so at your own risk.

By accessing this site, both you and the Firm agree that the laws of the State of New York, without regard to the conflicts of law principles thereof, will apply to all matters relating to use of this site. You and the Firm also agree and hereby submit to the exclusive personal jurisdiction and venue of the New York state and U.S. federal courts sitting in New York County, New York, USA with respect to all such matters. Users accessing this site do so on their own initiative and are responsible for compliance with all applicable local laws. The Firm shall not be liable for any damages, including, without limitation, direct, incidental, special, consequential or punitive damages, in connection with or arising from your use or from your inability to use this site.

We reserve the right, at our discretion, to change, modify, add or remove portions of these terms at any time. Therefore, we suggest that you review these terms periodically for changes. By using this website after we have posted changes to these terms of use, you are agreeing to be bound by these terms as amended. No modification of these terms shall be valid unless specifically approved in writing by the Firm.