A private investment fund is an investment product that is not traded on a public securities exchange. Private investment funds generally involve various risk factors, which can include, but are not limited to, increased investment risk, high fees, liquidity constraints and lack of transparency, a complete discussion of which is generally set forth in each fund’s offering documents. Unlike liquid investments (i.e., mutual funds, ETFs, induvial equity and fixed income sentries, etc.), private investment funds do not provide daily liquidity or pricing. Each prospective investor will generally be required to complete a Subscription Agreement, pursuant to which the investor shall be required to establish that they are qualified for investment in the fund and acknowledges and accepts the various risk factors that are associated with such an investment.