Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources believed to be reliable. However, we have not verified such information and we do not make any representations as to its accuracy or completeness. Non-factual statements constitute only current opinions, which are subject to change.

This is not an offering. An offering will be made only by means of a final offering memorandum and only in those jurisdictions where permitted by law. Past performance is not indicative of future returns. Performance is preliminary and un-audited, and subject to change. Results are net of all fees, expenses and estimated incentive allocation. Fund returns are shown inclusive of income from new issues; returns may vary for investors who are restricted from participating in new issues. The fund is subject to a variety of risks, including but not limited to: investments may be speculative and subject to a high degree of risk; investments may be illiquid; an investor could lose all or a substantial amount of any investment in the fund; there is no secondary market for interests in the fund nor is one expected to develop, and there are substantial restrictions on transferring an investment in the fund; the fund's portfolio may be leveraged and experience volatility; fees and expenses of the fund may be higher than those of other investments and will reduce the portfolio return. Consult the fund's offering memorandum for complete risk disclosures and other important information.

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