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This electronic communication is issued by VCP Apex, a trading name for VCP Advisors Limited, VCP Americas LLC and VCP Advisors (HK) Limited. This email is confidential and may be protected by legal privilege. If you are not the intended recipient(s), do not copy it, forward it or disclose its contents to any other person, as this is strictly prohibited, and if you have received it in error please delete. 

VCP Apex cannot guarantee the accuracy or completeness of this e-mail as information could be intercepted, corrupted, lost, destroyed and incomplete or arrive late, or contain viruses when transmitted over the public networks. If you suspect that the e-mail may have been intercepted or amended, please contact the sender. When addressed to VCP Apex’s clients, any opinion or advice contained in this e-mail is subject to VCP Apex’s terms of business. This e-mail is provided for informational purposes only and should not be construed as a solicitation or offer to buy or sell securities or related financial instruments.

In the United Kingdom, this electronic communication is issued by VCP Advisors Limited, which is authorized and regulated by the Financial Conduct Authority (the “FCA”) and entered on the FCA register with registration number 523831. In the UK this electronic communication is designed to be made available to High Net Worth and Sophisticated Investors, Professional Clients, Per Se Professional Clients and Eligible Counterparties only. If you are not categorized as such, please ignore this material.

In the United States, this electronic communication has been provided by VCP Apex (US).

In Hong Kong, this electronic communication is issued by VCP Advisors (HK) Limited (trading as VCP Apex (HK)), which is regulated by the Securities and Futures Commission (the “SFC”) since 20 December 2019 and entered on the SFC register holding a Type 1 license with CE. number BOK076 to engage in (a) placing of securities and (b) dealing in collective investment schemes. In Hong Kong this electronic communication is designed to be made available to Professional Investors only. The term “professional investor” is as defined in the Securities and Futures Ordinance and its subsidiary legislation. If you are not categorized as such, please ignore this material. VCP Advisors (HK) Limited does not hold client assets. The terms “hold” and “client assets” are as defined under the Securities and Futures Ordinance. This electronic communication has not been reviewed by the SFC or any regulatory authority in Hong Kong.

In Australia, this document has been provided by VCP Advisors Limited (trading as VCP Apex (UK)), which has been exempted by the Australian Securities and Investments Commission (“ASIC”), organisation No. 660 428 133 FFSP from the requirement to hold an Australian financial services license under ASIC instrument 22-0625.

This electronic communication does not constitute an offer to acquire any limited partnership interests, shares or other securities, make any investment, or to provide any fund management services or any investment advice of any kind, nor does this electronic communication constitute an invitation to invest, directly or indirectly, in any company or collective investment scheme, or to undertake to do so.

Reliance on this electronic communication for the purpose of engaging in any investment activity may expose the investor to a significant risk of losing all of the money invested. Investors shall be required to bear the economic risk of their investment for an indefinite period of time. Past performance is not a guarantee of future results. Where a fund is denominated in a currency other than an investor’s base currency, changes in the rate of exchange may have an adverse effect on price and income. 

Before making an investment, an investor should read the entire Offering Documents, and in particular the risk factors pertaining to an investment, consider carefully the suitability of such investment to his/her particular circumstances and, where necessary, obtain independent professional advice in respect of risks, as well as any legal, regulatory, credit, tax, and accounting consequences. 

The information made available in this electronic communication may change and there shall be no obligation on our part to update any of the information set forth herein. Data and facts used in this electronic communication are derived from sources which are considered to be reliable and have been compiled using our best knowledge. However, we do not guarantee the correctness of the information presented. 

This electronic communication and the information contained therein are confidential and are used exclusively for a limited number of addresses. Reproduction of this electronic communication or the dissemination of this electronic communication, or the information contained therein, to third parties, is not permitted. 

VCP Advisors Limited, VCP Apex (US) and VCP Advisors (HK) Limited are wholly owned subsidiaries of VCP Advisors Holding Company Limited.

VCP Advisors Limited is Authorized and Regulated by the Financial Conduct Authority.

VCP Advisors (HK) Limited (trading as VCP Apex (HK)) is regulated by the SFC.