Investments in alternative investments, private company securities and private placements are speculative and include a high degree of risk. Investors could lose their entire investment. Alternative investments, private company securities and private placements are suitable only for persons who are able to assume the risk of losing their entire investment. Alternative investments, private company securities and private placements may engage in leveraging and other speculative investment practices that may increase the risk of investment loss; can be highly illiquid; may have restrictions on transferring interests; may have no secondary market nor is one expected to develop; are not required to provide periodic pricing or valuation information to investors; may involve complex tax structures and delays in distributing important tax information; are not subject to the same regulatory requirements as mutual funds or other investment vehicles; can have volatile performance; may have higher fees than other investment vehicles, and these fees can offset profits. Some portion of an alternative investment’s trades may be executed on foreign exchanges. Prospective investors should carefully consider these risks before investing. Each investment also carries its own specific risks and you should complete your own independent due diligence regarding the investment. Alternative investments, private company securities and private placements may provide limited or no transparency regarding its underlying investment to investors. The above summary is not a complete list of the risk and other important disclosures contained in the fund offering documents must be carefully reviewed. Past results are not indicative of future performance.