The information discussed herein is for informational purposes only, and is not intended to provide, and should not be relied on, for investment, tax, legal or accounting advice The contents of this presentation are not provided regarding your specific investment objectives, financial situation, tax exposure or particular needs Nothing presented should be used as the basis for making any specific investment, business or commercial decision You should consult your personal tax, legal and accounting advisors before engaging in any transaction You should carefully read the final offering memorandum, limited liability company agreement and/or other supplemental and controlling documents before making an investment decision regarding any security Investments, including interests in real estate and private equity funds, are subject to investment, tax, regulatory, market, macro economic and other risks, including loss of the principal amount invested Past performance as well as any projection or forecast used or discussed in this presentation are not indicative of future or likely performance of any investment product Statements may be forward looking, and such statements necessarily involve known and unknown risks and uncertainties that may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such statements To the extent provided, target returns are presented in order to help prospective investors understand the applicable investment strategy in comparison to other investment strategies Targeted investment characteristics and return profiles are for informational purposes only, are not indicative of future results, and are not guarantees There can be no assurance that any investment will have these characteristics or terms, that targeted returns will be met, or that investor capital will not be lost While Vintage believes the information presented herein is reasonable under current circumstances, actual realized returns for any investment will depend on a variety of factors, all of which may differ from the assumptions on which any projections contained herein are based