Disclaimer

Terms of use

General information only

The material on this website is published for general information. It does not constitute investment, legal, tax, accounting or other professional advice, and no reliance should be placed on it for any purpose. Anyone considering a transaction should take their own advice.

Not an offer

Nothing on this website is an offer to sell, or a solicitation of an offer to buy, any security, interest or participation in any investment, fund or vehicle. It is not directed at any person in any jurisdiction where such an offer or solicitation would be unlawful, and no part of it should be read as an invitation to invest.

Statements of approach

Where this website describes how we assess opportunities — what we look at, what we underwrite, the tests an asset has to pass — those statements describe our general approach. They are not undertakings, they do not describe any particular transaction, and they do not create any obligation or relationship with any reader. We may depart from them in any given case.

Unsolicited material

We do not accept unsolicited proposals, business plans or confidential information, and material sent to us without a prior agreement in place is not received in confidence. Sending us information does not create any duty on our part, and does not oblige us to respond.

Accuracy

We take reasonable care with what is published here, but we do not warrant that it is complete, current or free from error, and we may change it at any time without notice.

External links

This website links to material published elsewhere, including writing hosted on third-party platforms. We have no control over and accept no responsibility for the content of any external site.

Limitation

To the extent permitted by law, we exclude liability for any loss arising from use of, or reliance on, this website or its contents.

Last updated 22 September 2026