Disclosures
Present prior performance carefully
Explain what the record measures and which limits affect comparability.
Product documentation · Version 2.0 · Updated October 1, 2026
Collect the underlying record
Use verified investment records and the relevant dates. Identify realized and unrealized investments, gross and net measures, fee treatment, leverage, and whether the same team actually managed the earlier investments.
Describe the limits
A favorable result from a different asset class or strategy may not be comparable. Avoid presenting selected successes as a complete history. Explain valuation methods, material losses, and the basis for any aggregate calculation with your reviewer.
If there is no record
State the relevant lack of history accurately rather than adding sample transactions. Do not claim a firm track record from an individual’s unrelated work. Counsel should review the presentation and required disclosures before investor distribution.
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