Capital can be lost
Investments can lose value, including the entire amount invested. A compelling business idea, a recognised brand or an experienced operating team does not remove that risk. There is no assurance that a business will meet its plans, that an investment objective will be achieved, or that capital will be returned.
Before considering any investment, assess whether the potential loss and holding period are compatible with your circumstances. Website descriptions of a company or a growth opportunity do not constitute an assessment of suitability for you.
Liquidity and valuation
Private investments may not have an active trading market. Transfer restrictions, contractual terms or a lack of buyers can prevent a sale when an investor wants to exit. Holding periods may be lengthy or uncertain, and there may be no right to withdraw on demand.
A stated valuation or an investment amount is not necessarily the price at which an interest could be sold. Information available about a private business may also be more limited than information available about a publicly traded company.
Business and market uncertainty
Companies face risks from competition, changing customer demand, operating execution, supply chains, financing conditions, regulation and wider economic events. Growth can require additional capital, and future financing may be unavailable or may change the interests of existing investors. Concentration in a company, industry or geography can increase exposure to adverse developments.
Fees, expenses, taxes and transaction terms can affect an investor’s outcome. Their nature and significance depend on the specific investment and its governing documents; they cannot be determined from a general website description.
Selected references are not performance
The portfolio references on this site are illustrative. They do not show a complete investment record or establish that the referenced businesses have generated profits. The $33 million investment in Apollonaut is an amount invested, not an investment return. Past performance, where available, does not guarantee future results.
Any projections or descriptions of future possibilities involve assumptions and may not be realised. No regulator’s review, registration or filing should be understood as an endorsement of investment merit or a guarantee against loss.
Use the relevant documents
Any actual investment decision requires the relevant offering and transaction documents, an assessment of the specific risks and, where appropriate, independent financial, legal and tax advice. This website is not an offer and does not provide all the information needed to make that decision.