This presentation (this “Presentation”) contains confidential, proprietary and trade secret information of Leeds Illuminate Advisors LLC (collectively with its affiliates, “Leeds Illuminate,” “the firm,” “us” or “we”) and is being furnished to you on a confidential basis solely as an outline of matters for informational and discussion purposes. By accepting this Presentation, you agree that, without the prior written consent of Leeds Illuminate, you shall not copy, distribute, make available or otherwise disclose, in whole or in part, any information in this Presentation to other parties.
This Presentation is not an offer to sell or a solicitation of an offer to buy any security issued by any pooled or other investment vehicle sponsored or managed by Leeds Illuminate or its affiliates (each a “fund”) or any other security in any jurisdiction, and this Presentation may not be distributed in any jurisdiction except in accordance with legal requirements applicable in such jurisdiction. Any offer or solicitation relating to the securities of any fund may only be made by delivery of the final confidential private placement memorandum (as amended, restated, supplemented or otherwise modified, the “Memorandum”), limited partnership agreement (as amended, restated, supplemented, waived or otherwise modified from time to time in accordance with its terms, the “Partnership Agreement”) and the relevant subscription agreement of such fund (collectively with the Memorandum and the Partnership Agreement, the “Fund Documents”), and only where permitted by law. This Presentation is not intended to constitute legal, tax, accounting or other advice or an investment recommendation. Prospective investors should consult their own advisors about such matters prior to making a decision to invest in a fund. Any investment is subject to significant risk of loss of income and capital, which may occur as a result of identified or unidentified risks.
Certain information contained in this Presentation constitutes “forward looking statements” that may be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “intend,” “continue,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Any forward-looking statements included herein are based on Leeds Illuminate’s current opinions, assumptions, expectations, beliefs, intentions, estimates or strategies regarding future events, are subject to risks and uncertainties, and are provided for informational purposes only. Actual and future results and trends could differ materially, positively or negatively, from those described or contemplated in such forward-looking statements. Forward-looking statements, discussions of the business environment and investment strategy of the funds and investment performance included herein (e.g., with respect to financial markets, business opportunities, demand, investment pipeline and other conditions) are subject to the ongoing novel coronavirus outbreak (“COVID-19”). The ultimate and lasting impact of COVID-19 is particularly uncertain and difficult to predict; therefore, such forward-looking statements do not reflect COVID-19’s ultimate potential effects, which may substantially and adversely impact the funds’ execution of their investment strategy. Moreover, actual events are difficult to project and often depend upon factors that are beyond the control of Leeds Illuminate. Given these uncertainties, no reliance should be placed on such forward-looking statements. No forward-looking statements contained in this Presentation constitute a guarantee, promise, projection, forecast or prediction of, or representation as to, the future and actual events may differ materially. Leeds Illuminate neither (i) assumes responsibility for the accuracy or completeness of any forward-looking statements, nor (ii) undertakes any obligation to update or revise any forward-looking statements for any reason after the date of this Presentation. The delivery of this Presentation shall not under any circumstances create an implication that the information contained herein is correct as of any time after the earlier of the relevant date specified herein and the date of this Presentation. In addition, unless the context otherwise requires, the words “include,” “includes,” “including” and other words of similar import are meant to be illustrative rather than restrictive.
ESG goals and future initiatives described in this Presentation are aspirational and not guarantees or promises that all or any of such initiatives will be met. There can be no assurance that any of the ESG goals and future initiatives described in this Presentation will be available in the future, or will be completed as expected or at all. There is no guarantee that Leeds Illuminate will successfully implement and make investments in companies that create positive ESG impact while enhancing long-term shareholder value and achieving financial returns. To the extent that Leeds Illuminate engages with portfolio companies on ESG-related practices and potential enhancements thereto, such engagements may not achieve the desired financial and social results, or the market or society may not view any such changes as desirable. Successful engagement efforts on the part of Leeds Illuminate will depend on Leeds Illuminate’s skill in properly identifying and analyzing material ESG and other factors and their impact-related value, and there can be no assurance that the strategy or techniques employed will be successful. Any reference herein to ESG considerations is not intended to qualify Leeds Illuminate’s duty to maximize risk-adjusted returns. Considering ESG qualities when evaluating an investment may result in the selection or exclusion of certain investments based on Leeds Illuminate’s view of certain ESG-related and other factors, which carries the risk that Leeds Illuminate may underperform funds that do not take ESG-related factors into account because the market may ultimately have a different view of a particular company’s performance than that anticipated by Leeds Illuminate. There can be no assurances that Leeds Illuminate’s investment objectives for any fund will be achieved or that its investment programs will be successful. Past performance is not a guarantee of future results.
The United Nations Sustainable Development Goals (“SDGs”) are aspirational in nature. The analysis involved in determining whether and how certain initiatives may contribute to the SDGs is inherently subjective and dependent on a number of factors. There can be no assurance that reasonable parties will agree on a decision as to whether certain projects or investments contribute to a particular SDG. Accordingly, investors should not place undue reliance on Leeds Illuminate’s application of the SDGs, as such application is subject to change at any time and in Leeds Illuminate’s sole discretion.
Case studies presented herein are for illustrative purposes only, and are not intended to be a representative reflection of all portfolio companies or used as an indication of the current or future performance of Leeds Illuminate's portfolio companies. and do not purport to be a complete list thereof. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Unless otherwise stated, references to ESG initiatives and performance at portfolio companies are not intended to indicate that Leeds Illuminate has materially contributed to such initiatives or performance. Further, references to the investments included in the illustrative case studies should not be construed as a recommendation of any particular investment or security. Certain information was provided by third parties and certain statements reflect Leeds Illuminate’s beliefs as of the date hereof based on prior experience and certain assumptions that Leeds Illuminate believes are reasonable, but may prove incorrect.
This Presentation identifies a number of benefits inherent in Leeds Illuminate’s services and operations on behalf of the funds, although the funds are also subject to a number of material risks associated with these benefits, as further identified in the fund’s definitive documents. Although Leeds Illuminate believes that Leeds Illuminate and its personnel will have competitive advantages in identifying, diligencing, monitoring, consulting, improving and ultimately selling investments on behalf of the funds, there can be no guarantee that Leeds Illuminate will be able to maintain such advantages over time, outperform third parties or the financial markets generally, implement its investment strategy or achieve its investment objectives for the funds or any investment or avoid losses. For additional information regarding risks and potential conflicts of interest regarding an investment in a fund, please see the risk factors and conflicts of interest disclosures in the relevant Memorandum.