Venture Capital

Investing involves risk and the value of an investment and the income from it may fall as well as rise. You may not get back the full amount invested.

Further information on the potential risks can be found in the Key Investor Information Document (KID) and/or the Prospectus or Offering Memorandum.

• Risk that the Fund may not meet its investment objective and policy: There is no guarantee that the Fund will meet its investment objective. The Fund’s ability to achieve its investment objective will depend in particular on, without limitation, the Fund successfully executing its investment objective and policy and the performance of the Investments. There can be no assurance as to the level of capital return and/or volatility over the Fund’s term
• Market Risk: The value of investments may be affected by political and economic news, government policy, changes in technology and business practices, changes in demographics, cultures and populations, natural or human-caused disasters, pandemics, weather and climate patterns, scientific or investigative discoveries, costs and availability of energy, commodities and natural resources. The effects of market risk can be immediate or gradual, short-term or long-term, narrow or broad
• Venture Capital Risk: Investment in unquoted companies often involves assuming higher levels of risk given their early stage of development and absence of liquidity
• Liquidity Risk: An investment in the Fund must be considered illiquid. The units of the Fund would not have a secondary market and there is generally no right to redeem.  Investors should be prepared to bear the risk of owning their interests in the Fund for an extended period
• Investors in alternatives products should bear in mind that these products can be highly speculative and may not be suitable for all clients. Investors should ensure they understand the features of the products and Fund strategies and the risks involved before deciding whether or not to invest in such products. Such investments are generally intended for investors who are willing to bear the risks associated with such investments, which can include: loss of all or a substantial portion of the investment, lack of liquidity in that there may be no secondary market for the Strategy and none may be expected to develop; volatility of returns; prohibitions and/or material restrictions on transferring interests in the Strategy; absence of information regarding valuations and pricing; delays in tax reporting; key man and adviser risk; limited or no transparency to underlying investments; limited or no regulatory oversight and less regulation and higher fees than mutual strategies
• Please note that alternatives related investments are generally illiquid, long term investments that do not display the liquid or transparency characteristics often found in other investments (e.g. listed securities). It can take time for money to be invested and for investments to produce returns after initial losses. As such alternatives related investments should be considered as a very high risk investment and are only suitable as part of a diversified portfolio. Before making such investments, prospective investors should carefully consider the risks set forth in the relevant investment documents. If you are in any doubt about the contents of the relevant investment documents you should consult your accountant, legal or professional adviser or financial adviser
• Sustainability: means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment.