THIS WEBSITE DOES NOT CONSTITUTE AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.

IT DOES NOT CONSTITUTE AN OFFER TO ACQUIRE ANY INTERESTS IN ANY INVESTMENT OR VEHICLE. AN INVESTOR WHO SUBSEQUENTLY ACQUIRES INTERESTS IN ANY INVESTMENT OR VEHICLE MUST RELY ON THE TERMS OF AND DISCLOSURE IN THE FINAL FORM OF ANY RELEVANT MEMORANDUM, WHICH WILL ALONE FORM THE BASIS FOR SUBSCRIPTIONS.

NO SECURITIES OR INTERESTS HAVE BEEN AND NOR WILL ANY BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE SECURITIES LAWS OF ANY STATE OR POLITICAL SUBDIVISION OF THE UNITED STATES, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR DELIVERED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON, EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REQUIREMENTS OF THE SECURITIES ACT AND ANY APPLICABLE U.S. STATE SECURITIES LAWS. NO VEHICLE HAS BEEN REGISTERED AND WILL NOT REGISTER UNDER THE UNITED STATES INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE "INVESTMENT COMPANY ACT") IN RELIANCE ON THE EXEMPTION FROM SUCH REGISTRATION PURSUANT TO SECTION 3(c)(7) THEREUNDER. ACCORDINGLY, ANY SECURITIES OR INTERESTS WILL BE OFFERED AND SOLD ONLY (I) OUTSIDE THE UNITED STATES TO PERSONS OTHER THAN U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) OR (II) TO U.S. PERSONS WHO ARE (A) INSTITUTIONS THAT ARE ACCREDITED INVESTORS (AS DEFINED IN RULE 501(a)(1),(2),(3),(7) AND (8) OF REGULATION D PROMULGATED UNDER THE SECURITIES ACT) ("INSTITUTIONAL ACCREDITED INVESTORS") AND (B) QUALIFIED PURCHASERS (WITHIN THE MEANING OF SECTION 2(a)(51) OF THE INVESTMENT COMPANY ACT AND THE RULES THEREUNDER) ("QUALIFIED PURCHASERS").

THIS WEBSITE HAS NOT BEEN APPROVED BY ANY SUPERVISORY AUTHORITY AND THE INFORMATION CONTAINED HEREIN IS SUBJECT TO MATERIAL UPDATING, REVISION, CORRECTION, COMPLETION AND AMENDMENT. STATEMENTS CONTAINED HEREIN INCLUDE STATEMENTS OF CIRCUMSTANCES WHICH MAY EXIST ON THE DATE UPON WHICH THE FINAL FORM OF ANY RELEVANT MEMORANDUM IS CIRCULATED, BUT MAY NOT EXIST AT THIS TIME.