This report has been prepared to provide stakeholders with certain information about the social impact of the Fund’s investments.

The information contained herein reflects Elevar’s current views and opinions with respect to, among other things, future events and financial performance. Elevar generally identifies forward-looking statements by terminology such as “outlook,” “believe,” “expect,” “potential,” “continue,” “may,” “will,” “should,” “could,” “seek,” “approximately,” “predict,” “intend,” “plan,” “estimate,” “anticipate,” “opportunity,” “comfortable,” “assume,” “remain,” “maintain,” “sustain,” “achieve,” “see,” “think,” “position” or the negative version of those words or other comparable words. Any forward-looking statements contained herein are based upon historical information and current plans, estimates and expectations. The inclusion of this or any other forward-looking information should not be regarded as a representation by Elevar or any other person that the future plans, estimates or expectations contemplated by Elevar will be achieved.

Certain information contained herein has been obtained from third parties. Certain information provided herein may have been inferred using data sampling. All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. This report is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. The contents of this report are not to be considered legal, business or tax advice, and each prospective investor should consult its own attorney, business advisor and tax advisor as to legal, business, and tax advice.

This is not an offer to sell securities or the solicitation of an offer to buy securities. Past performance of investments described herein is provided for illustrative purposes only and is not indicative of future investment results of funds. There can be no assurance that any fund will achieve comparable results or that target returns, if any, will be met. This report does not constitute an offer or solicitation in any state or other jurisdiction to subscribe for or purchase limited partnership interests in any vehicle offered by Elevar Equity.

Recipients of this report agree that they will not copy, reproduce, or distribute it, in whole or in part.