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Risk Disclosures

Last updated 1 Oct 2026 · Jurisdiction: England and Wales

Draft for review. This document must be reviewed by qualified legal counsel for each jurisdiction before production use.

Capital at risk

Private credit and alternative investments are high risk. You may lose some or all of the capital you invest. Past performance and indicative returns are not reliable indicators of future results, and no return is guaranteed.

Illiquidity

These investments are typically illiquid. You may be unable to sell or exit before maturity, and there is usually no secondary market.

Credit and default risk

Borrowers may delay or fail to make payments. Security and collateral may be insufficient to recover your capital, and enforcement can be slow and costly.

Asset-specific risks

Real estate values can fall; commodity prices are volatile; litigation outcomes are uncertain; receivables depend on debtor quality; operating businesses face market and execution risk.

Concentration, currency and regulatory risk

Investing in a single opportunity concentrates risk. Investments in other currencies are exposed to exchange-rate movements. Changes in law or regulation may affect returns.

Risk classifications

Risk classifications are relative indicators assigned during review. A lower classification does not mean an investment is safe or suitable for you. Seek independent advice before investing.