Legal Disclaimer

Adelphi Capital LLP ("Adelphi") is authorised and regulated by the Financial Conduct Authority ("FCA") in the United Kingdom. Additionally, in accordance with the requirements of the United States Investment Advisers Act of 1940 ("Advisers Act"), Adelphi is registered as an investment adviser with the United States Securities and Exchange Commission ("SEC"). The information within this site is issued by Adelphi to sophisticated investors who are professional clients or eligible counterparties under the Rules of the FCA and "Accredited Investors" as defined in Regulation D promulgated under the U.S Securities Act 1933, as amended ("the Securities Act") and "Qualified Purchasers" as defined under the U.S Investment Company Act 1940, as amended ("the Company Act"). Access to this website from certain countries may be restricted by law and you are required to determine that you are permitted to access it. Most, if not all, of the protections provided by the United Kingdom regulatory system will not apply to investments in the products detailed within this site. No information or opinions contained in this site constitute a solicitation or offer by Adelphi to buy or sell securities or to furnish any investment advice or service. This site is intended as a general introduction to Adelphi and its products. It does not provide specific investment advice nor does it represent that the services described are suitable for any specific investor. Moreover, the information contained in this site does not provide a basis for making a fully informed investment decision. Interested persons should contact us to request a copy of the relevant offering documents. Also, please note that investment in markets traded by Adelphi involve significant risk. Furthermore, past performance does not guarantee future results. The contents of this site are not intended for distribution to, or use by, any individual or entity in any jurisdiction where their distribution or use would be contrary to local law or regulation or which would subject Adelphi to registration with the jurisdiction. You should be aware that any rules and/or regulations applicable to providing financial services (and the resultant investor protections that may be available), may not apply to persons who obtain information from the internet and its various applications, of which this material forms part. Telephone, electronic and other communications and conversations with Adelphi and/or its associated persons may be recorded and retained. Under the European Union’s General Data Protection Regulation (GDPR), Adelphi has an obligation to provide information on its use of personal data to individuals whose personal data it holds and uses. This is explained in our Privacy Notice which can be found in the footer of this website. Information contained on this site, including pricing, valuation, and commentary reflects analysis and other information available as at, either the time such information was posted in the site or as otherwise at the date indicated. While any opinions, commentaries, data, pricing and all other information contained on this site are believed to be reliable, Adelphi cannot and does not guarantee its accuracy, timeliness or completeness, nor is Adelphi under any obligation to update such information. The information made available to you through this website does not constitute an offer to sell or a solicitation of an offer to purchase interests in any fund managed by Adelphi Capital LLP (“Adelphi”). Any such offer or solicitation will be made only through a private offering pursuant to a confidential private placement memorandum and related subscription documents. This website does not purport to be all-inclusive and does not contain all material information that a prospective investor may desire when contemplating making an investment. Adelphi, its affiliates, and their respective officers, agents, and employees do not warrant the accuracy, adequacy, or completeness of the information contained on this website and expressly disclaim liability for errors or omissions in the information. Additional information is available upon request. Information provided reflects Adelphi’s views as of a particular time. Such views are subject to change at any point and Adelphi shall not be obligated to provide notice of any change. While Adelphi has used reasonable efforts to obtain information from reliable sources, we make no representations or warranties as to the accuracy, reliability, or completeness of third party information presented herein. Any forward looking statements or forecasts are based on assumptions and actual results are expected to vary from any such statements or forecasts. No reliance should be placed on any such statements or forecasts when making any investment decision. Any links to other sites are not intended as referrals or endorsements, but are merely provided for convenience and informational purposes. Use of any information obtained from such addresses is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. An investment in the Fund(s) is speculative and involves a high degree of risk. Opportunities for withdrawal/redemption and transferability of interests will be restricted, so investors may not have access to capital when it is needed. There is no secondary market for the interests in the Funds, and none is expected to develop. As with any investment strategy, there is potential for profit as well as the possibility of loss. No guarantee of investment performance is being provided and no inference to the contrary should be made. Past performance is not indicative of future results.