Disclosures

No offer of securities

Nothing on this website constitutes an offer to sell, or the solicitation of an offer to buy, any security or any interest in any fund, partnership or investment vehicle. No such offer will be made except by means of a confidential private placement memorandum and the definitive agreements accompanying it, and only in jurisdictions where such an offer would be lawful.

No advice

The material here is general information about our firm. It is not investment, legal, accounting or tax advice, and it takes no account of the objectives or circumstances of any particular person. Anyone considering an investment of this kind should take their own professional advice.

Eligibility

Any participation alongside us is limited to persons who qualify as accredited investors under SEC Rule 501, and may be further limited to qualified purchasers, institutional investors and family offices. Status is verified before any offering material is provided.

Risk

Investments in private, early-stage companies are illiquid and speculative. They involve a substantial risk of loss, up to and including the entire amount invested, and there is no secondary market. A concentrated book, such as ours, increases that risk rather than reducing it.

Past performance and forward-looking statements

References to companies we have previously backed describe what we have done, not what will happen. Past investments are not indicative of future results. We publish no return targets, projections or performance figures on this website, and any statement about the future found here should be read as an intention rather than a prediction.

Holdings

We do not publish our holdings, and nothing on this website identifies a company we have invested in. Where a field of activity is described, it is described in general terms. We may hold, increase or dispose of any position at any time, and neither this website nor any statement by the firm is a recommendation of any company, its securities or its products.