This message (including the text, any attachments and other information it contains) is solely for the use of the intended recipient(s) and may contain information and attachments that are confidential, privileged or otherwise sensitive in nature. The information and its contents are the property of Cross Ocean Adviser LLP and/or Cross Ocean Partners Management LP, as applicable (together, “Cross Ocean”). Cross Ocean Partners Management LP and Cross Ocean Adviser LLP are independent entities with different regulatory registrations. Any unauthorized dissemination, copying or use of this message or its contents is strictly prohibited and may be in violation of law. If you receive this message in error, please notify the sender immediately by return e-mail and destroy the original message. Any views set forth in this e-mail are solely those of the sender and do not necessarily represent those of Cross Ocean or its affiliates. Cross Ocean reserves the right to monitor and archive incoming and outgoing e-mail communications in accordance with applicable law, and may disclose such communications to legal and regulatory authorities and as otherwise required by law.
Cross Ocean has no reason to believe that any of the financial information included in this message is not materially accurate. However, Cross Ocean has not independently verified, and may have no ability independently to verify, any of such information. Cross Ocean assumes no responsibility for any financial conclusions or projections which might be derived from this message.
Cross Ocean does not provide (and this message shall not be construed to constitute) legal, business, accounting or tax advice, and you should consult your own advisers on such matters as you deem appropriate.
Any performance data contained in this message is based on information available to Cross Ocean relating to its advised funds. This disclosure is qualified in its entirety by disclosure contained in the message and/or enclosed documents. Unless otherwise specified, all such data reported is based on realised and unrealised gains and losses and is an unaudited estimate by Cross Ocean. Gross returns exclude any operating costs, management fees or carried interest incurred during the reporting period. Net returns include any operating costs, management fees or carried interest incurred during the reporting period. Net returns presented take into account management fees and/or carried interest attributed to investors that are on a reduced or fee-free basis, which may be significant. Additionally, returns may be presented on an aggregate basis across feeder funds, and thus do not reflect the actual returns of feeder funds. Actual returns experienced by an investor may vary significantly. IRRs are calculated based on the sum of the aggregate cash flows (i.e. contributions from and distributions to all investors) in the applicable fund or feeder funds (as the context requires) since their inception and their aggregate ending capital balances as of the reporting date. Investments are generally shown per single borrower or borrower group. Typically there are multiple tranches or instruments included in an investment. Excludes CDS investments unless stated.
GIVEN THE NATURE OF THE FUNDS’ INVESTMENTS, ESTIMATES OF UNREALISED GAINS AND LOSSES ARE INHERENTLY UNCERTAIN. Any targets, forward-looking information and/or opinions contained in this message are based on the market information currently available to Cross Ocean and are subject to a number of known and unknown risks, uncertainties, assumptions as to future events and other factors that could cause the actual results to differ materially from those implied by the information set forth herein. These factors are beyond the control of Cross Ocean and the funds. No representation or warranty is made as to whether assumptions made in connection herewith will be proved to be correct or whether future results will occur as projected or will be attained and no reliance should be placed upon them.
Past performance is not necessarily indicative of future results. There can be no assurance nor should it be assumed that future investment performance of any fund will conform to any performance examples or targets set forth in this message or that such fund’s investments will be able to avoid losses. The investment results and portfolio compositions and targets set forth in this message, if any, are provided for illustrative purposes only and may not be indicative of the future investment results or future portfolio composition of any fund and are subject to change. The composition, size of, and risks associated with an investment in any Cross Ocean fund may differ substantially from the examples set forth in this message. An investment in a Cross Ocean fund can lose value.
Solicitation of Services
This message does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any interest (“Interests”) in any investment vehicle, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefor. Recipients of this message who intend to apply for Interests are reminded that any such application may be made solely on the basis of the information and opinions contained in the offering memorandum or PPM for the relevant fund which may be different from the information and opinions contained in this message. Cross Ocean is providing you with this message is on the understanding that, to the fullest extent permitted by law, Cross Ocean neither owes nor accepts any duty or responsibility or liability to you or any other party, whether in contract, tort (including negligence) or otherwise and shall not be liable in respect of any loss, damage or expense which is caused by your or any other party's reliance upon this message or for any other information except, in each case, as Cross Ocean may otherwise agree in writing. You further agree not to commence any proceedings or make any complaint or take any similar action based on any of the foregoing.
Please refer to CrossOceanPartners.com for details of our privacy policies.
Cross Ocean Adviser LLP is authorised and regulated by the UK Financial Conduct Authority (FCA Number: 755396) and is registered in the UK under number OC400273. Its registered office is 4th Floor, Reading Bridge House, George Street, Reading RG1 8LS. VAT number: 218 4814 05.
Cross Ocean Partners Management LP (SEC Number: 801-108492) is a registered investment adviser with the Securities Exchange Commission in the US. Its registered office is c/o The Corporation Trust Company, Corporation Trust Centre, 1209 Orange Street, Wilmington, New Castle County, Delaware 19801.