IMPORTANT DISCLOSURE: This document is intended only for the use of a professional financial advisor; contains information that is privileged and/or confidential; and may not be disseminated or altered. Crystal Capital Partners, LLC (CCP), is an SEC registered investment advisor that provides customized hedge and private equity fund portfolio solutions to investment advisors. Neither the SEC nor any other government securities administrator has endorsed the merits of Crystal’s Website, products, services, materials, and/or any of the information contained therein.

This document is for informational purposes only and is not investment advice or an offer to sell or the solicitation of an offer to buy any interest in any entity or investment vehicle. Any offer to sell or solicitation to invest will only be made through the Offering Documents of one or more investments managed by CCP and will be qualified in its entirety in accordance with all applicable laws. This industry information is an opinion only and should not be relied upon as professional and/or financial advice, nor does it constitute a comprehensive or complete statement of the matters discussed. No representation is being made that any investment will or is likely to achieve profits or losses similar to those shown or described. The performance will vary based on many factors, including, but not limited to, investment strategies, taxes, market conditions, and applicable advisory and other fees and expenses related to investing, including fees imposed by Crystal and the portfolio advisor(s). Not all exposures may be available at all times due to capacity or for other reasons.

Certain information contained in this document constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or other comparable terminology. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Although the authors believe that the expectations expressed in this document are accurate and reasonable, actual results could be materially different. Information contained herein including data used in the calculation of some estimates and projections comes from certain third parties. Any information provided by third parties has not been independently verified by CCP. Accordingly, neither CCP nor any of its affiliates, or employees will be liable to you or anyone else for any loss or damage from the use of the information contained in this document. Additionally, any projections, predictions, market outlooks and estimates included herein are based upon certain assumptions, including but not limited to the prior experience of the authors and other factors it deems relevant such as current and expected market conditions. Other events which were not taken into account may occur and may significantly affect any projections. Although the authors believe that the expectations expressed in this document are accurate and reasonable, actual results could differ materially from those projected or assumed and such projections are subject to change, and are subject to inherent risks and uncertainties.

These investments carry certain risks as alternative investments are complex, speculative, and illiquid investment vehicles and are not suitable for all investors, see Offering Documents for more information. Please refer to the CCP Terms of Use and all related CCP document disclosures.

Awards, Ranking and Recognition

Awards, rankings and/or recognition by unaffiliated rating services and/or publications should not be construed as a guarantee that you will experience a certain level of results, as an indication of future performance, nor should it be construed as a current or past endorsement by Crystal Capital Partners, LLC. Such awards, rankings and/or recognition were based in part on subjective criteria and a limited universe of candidates, and therefore there can be no assurance that a different panel of judges would not have selected other submissions as the winners. Please refer to the websites of the sponsors of these awards for important information regarding the criteria for the awards, and the manner in which such awards were determined.