Sable at Navy Pier and Rooftop Bar, Chicago USA

The following investment opportunity is aimed exclusively at professional and semi-professional investors and is not suitable for private investors.

If you still have questions, please confirm to be private investor by clicking on the button below.

The investment opportunity described below is intended exclusively for professional and semi-professional investors. It not suitable for private individuals.

Professional investors, see section 1 para. 19 no. 32 of the German Investment Code (Kapitalanlagegesetzbuch – KAGB)
“Professional investors” are any investors deemed professional clients within the meaning of Annex II of Directive 2004/39/EU or investors who can be treated as professional clients upon application.

Semi-professional investors, see section 1 para. 19 no. 33 of the German Investment Code
Semi-professional investors are

a) any investors

aa) who undertake to invest at least EUR 200,000;

bb) who state in writing in a document separate from the contract governing the investment obligation that they are aware of the risks associated with the intended obligation or investment,

cc) whose expertise, experience and knowledge are assessed by the AIF management company or distributor commissioned by said company without assuming that the investor possesses the market knowledge and experience of the investors outlined in Annex II section I of Directive 2004/39/EC,

dd) with regard to whom the AIF management company or distributor commissioned by said company, taking into account the intended obligation or investment, is sufficiently convinced that they are in the position to make investment decisions themselves and understand the associated risks, and believes such an obligation is appropriate for the investor in question, and

ee) to whom the AIF management company or distributor commissioned by said company has confirmed in writing that the aforementioned assessment in section cc) has been performed and the conditions listed in section dd) have been fulfilled,


b) who are managers or employees of the AIF management company as outlined in section 37 para. 1, insofar as they invest in an AIF managed by the AIF management company, or are members of management or the board of directors of an investment company managed by a third party, insofar as they invest in the investment company managed by a third party,

c) who undertake to invest at least EUR 10 million in an investment fund.

I confirm that I have read and understood this notice. I additionally confirm that I am a professional investor as defined in section 1 para. 19 no. 32 of the German Investment Code or a semi-professional investor as defined in section 1 para. 19 no. 33 of the German Investment Code.

The following pages are only intended for qualified investors in accordance with the Swiss Federal Act on Collective Investment Schemes (CISA) and the Federal Act on Financial Services (FinSA) as amended.

If you still have questions, please confirm that you are a private investor by clicking the button below.

This website is intended only for qualified investors within the meaning of the Swiss Collective Investment Schemes Act (CISA) and the Swiss Financial Services Act (FinSA), as amended from time to time.

The following are considered qualified investors within the meaning of article 10 para. 3 CISA in connection with articles 4 and 5 FinSA:

• financial intermediaries as defined in the Banking Act of 8 November 1934, the Financial Institutions Act of 15 June 2018 and the CISA;
• insurance companies as defined in the Insurance Supervision Act;
• foreign clients subject to an equivalent form of prudential supervision to the persons listed under article 4 para. 3 cipher a and b;
• central banks;
• public entities with professional treasury operations;
• occupational pension schemes and other institutions whose purpose is to serve occupational pensions with professional treasury operations;
• companies with professional treasury operations;
• large companies;
• private investment structures with professional treasury operations built for high net-worth private individuals.

A large company is a company that exceeds two of the following figures:

a.       Total assets of CHF 20 million;

b.      Turnover of CHF 40 million;

c.       Equity of CHF 2 million.

High net-wealth private individuals and private investment structures set up for them, shall declare that they want to be considered professional customers (opting-out).

High net-wealth has someone who declares credibly that he or she:

a.       on the basis of personal training and professional experience or a comparable experience in the financial sector, has the knowledge necessary to understand the risks of the investments and owns assets of at least CHF 500,000; or

b.      owns assets of at least CHF 2 million.

Please confirm that you have read and understood the information above and that you declare to be treated as qualified investor / professional customer (opting-out).

The following pages are intended only for qualified and/or professional investors in Austria.

If you have any questions, please confirm your selection.

The following investment opportunity is aimed exclusively for professional investors. It is not suitable for private investors.

Professional investor is an investor who possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs. In order to be considered to be professional investor, the investor must comply with the following criteria:

I. CATEGORIES OF INVESTORS WHO ARE CONSIDERED TO BE PROFESSIONALS

The following shall all be regarded as professionals in all investment services and activities and financial instruments:

(1) Entities which are required to be authorised or regulated to operate in the financial markets. The list below shall be understood as including all authorised entities carrying out the characteristic activities of the entities mentioned:

(a) Credit institutions;

(b) Investment firms;

(c) Other authorised or regulated financial institutions;

(d) Insurance companies;

(e) Collective investment schemes and management companies of such schemes;

(f) Pension funds and management companies of such funds;

(g) Commodity and commodity derivatives dealers;

(h) Locals;

(i) Other institutional investors;

(2) Large undertakings meeting two of the following size requirements on a company basis: (i) balance sheet total: EUR 20 000 000, (ii) net turnover: EUR 40 000 000, (iii) own funds: EUR 2 000 000.

(3) National and regional governments, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations.

(4) Other institutional investors whose main activity is to invest in financial instruments, including entities dedicated to the securitisation of assets or other financing transactions.

12.6.2014 Official Journal of the European Union L 173/483 EN

II. INVESTORS WHO MAY BE TREATED AS PROFESSIONALS ON REQUEST

Investors other than those mentioned in section I, including public sector bodies, local public authorities, municipalities and private individual investors, may also be allowed to waive some of the protections afforded by the conduct of business rules. Any such waiver of the protection afforded by the standard conduct of business regime shall be considered to be valid only if an adequate assessment of the expertise, experience and knowledge of the client, undertaken by the investment firm, gives reasonable assurance, in light of the nature of the transactions or services envisaged, that the client is capable of making investment decisions and understanding the risks involved.

In the course of that assessment, as a minimum, two of the following criteria shall be satisfied:

1. the client has carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters,
2. the size of the client’s financial instrument portfolio, defined as including cash deposits and financial instruments exceeds EUR 500 000,
3. the client works or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged.

I conform that I have read and understood this notice. I confirm that I am a professional investor according to the criteria described above and waive the protections afforded by the conduct of business rules.

The following pages are intended only for professional investors in Luxembourg.

If you have any questions, please confirm your selection.

The following investment opportunity is aimed exclusively for professional investors. It is not suitable for private investors.

Professional investor is an investor who possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs. In order to be considered to be professional investor, the investor must comply with the following criteria:

I. CATEGORIES OF INVESTORS WHO ARE CONSIDERED TO BE PROFESSIONALS

The following shall all be regarded as professionals in all investment services and activities and financial instruments:

(1) Entities which are required to be authorised or regulated to operate in the financial markets. The list below shall be understood as including all authorised entities carrying out the characteristic activities of the entities mentioned:

(a) Credit institutions;

(b) Investment firms;

(c) Other authorised or regulated financial institutions;

(d) Insurance companies;

(e) Collective investment schemes and management companies of such schemes;

(f) Pension funds and management companies of such funds;

(g) Commodity and commodity derivatives dealers;

(h) Locals;

(i) Other institutional investors;

(2) Large undertakings meeting two of the following size requirements on a company basis: (i) balance sheet total: EUR 20 000 000, (ii) net turnover: EUR 40 000 000, (iii) own funds: EUR 2 000 000.

(3) National and regional governments, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations.

(4) Other institutional investors whose main activity is to invest in financial instruments, including entities dedicated to the securitisation of assets or other financing transactions.

12.6.2014 Official Journal of the European Union L 173/483 EN

II. INVESTORS WHO MAY BE TREATED AS PROFESSIONALS ON REQUEST

Investors other than those mentioned in section I, including public sector bodies, local public authorities, municipalities and private individual investors, may also be allowed to waive some of the protections afforded by the conduct of business rules. Any such waiver of the protection afforded by the standard conduct of business regime shall be considered to be valid only if an adequate assessment of the expertise, experience and knowledge of the client, undertaken by the investment firm, gives reasonable assurance, in light of the nature of the transactions or services envisaged, that the client is capable of making investment decisions and understanding the risks involved.

In the course of that assessment, as a minimum, two of the following criteria shall be satisfied:

1. the client has carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters,
2. the size of the client’s financial instrument portfolio, defined as including cash deposits and financial instruments exceeds EUR 500 000,
3. the client works or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged.

I conform that I have read and understood this notice. I confirm that I am a professional investor according to the criteria described above and waive the protections afforded by the conduct of business rules.

The following pages are intended only for accredited investors in the USA only.

If you have any questions, please confirm your selection.

This website is exclusively intended for accredited investors as such term is defined in Rule 501 (a) of Regulation D under the Securities Act.

The following are considered to be accredited investors:

• a bank as defined in Section 3(a)(2) of the Securities Act, or a savings and loan association or other institution as defined in Section 3(a)(5) of the Securities Act, whether acting in its individual or fiduciary capacity; or
• a broker or dealer registered pursuant to Section 15 of the Exchange Act; or
• an insurance company as defined in Section 2(13) of the Securities Act; or
• an investment company registered under the Investment Company Act; or
• a business development company as defined in Section 2(a)(48) of the Investment Company Act; or
• a Small Business Investment Company licensed by the US Small Business Administration under Section 301 (c) or (d) of the US Small Business Investment Act of 1958, as amended; or
• a plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its defined in political subdivisions, for the benefit of its employees, that has total assets in excess of USD 5,000,000; or
• an employee benefit plan within the meaning of ERISA if (i) the investment decision is made by a plan fiduciary, as defined in Section 3(21) of ERISA, which is either a bank, savings and loan association, insurance company or registered investment adviser; (ii) the employee benefit plan has total assets in excess of USD 5,000,000; or (iii) the plan is a self-directed plan the investment decisions of which are made solely by persons that are accredited investors; or
• a private business development company as defined in Section 202 (a)(22) of the Advisers Act; or
• an organization described in Section 501(c) (3) of the Code, corporation, Massachusetts or similar business trust, or partnership not formed for the specific purpose of making an investment in the Partnership, with total assets in excess of USD 5,000,000; or
• a director, executive officer, or general partner of the issuer of the units being offered or sold, or a director, executive officer, or general partner of a general partner of that issuer; or
• a natural person whose individual net worth, or joint net worth with his or her spouse, at the time of his or her purchase exceeds USD 1,000,000; or
• a natural person who has an individual income in excess of USD 200,000 in each of the two most recent years or joint income with that person’s spouse in excess of USD 300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year; or
• an entity in which all of the equity owners are accredited Investors.

Please confirm that you have read and understood the information above and that you are an accredited investor within the meaning of the definitions above.

The following pages are intended only for investors within the regulation of selected countries.

If you have any questions, please confirm your selection.