Disclosures
Qualified Purchasers
SHPF operates under Rule 3(c)(7) of the Investment Company Act of 1940, which restricts investments to "qualified purchasers." By participating in SHPF, investors confirm that they meet the criteria of a qualified purchaser as defined by the Securities and Exchange Commission (SEC). Investors acknowledge that SHPF relies on this representation and may request supporting documentation to verify their status. If an investor does not meet the applicable criteria, they should refrain from investing in the SHPF.
Illiquidity and Redemption Restrictions
Investors must be aware that the SHPF is designed for long-term investments. Units or shares in SHPF are not publicly traded and are subject to limited liquidity. Investors should carefully consider their financial needs and be prepared to hold their investment for an extended period. Redemption restrictions may apply, and there is no guarantee that redemption requests will be honored immediately. SHPF may impose holding periods and may suspend or delay redemptions under certain circumstances. Investors should review SHPF 's operating documents for specific details on redemption procedures and restrictions.
Risk of Loss
Investing in the hospitality sector, including the SHPF, involves inherent risks. Investors must recognize that their capital is at risk and that there is no guarantee of profit or return on investment. The value of the SHPF's assets may fluctuate due to market conditions, economic changes, and other factors beyond the SHPF's control. Past performance is not indicative of future results, and the SHPF's performance may vary over time. Investors should carefully read the SHPF documents, understand the potential risks, and seek professional advice before making an investment decision. SHPF's managers and affiliates shall not be liable for any losses incurred by investors in connection with their investments in SHPF.
No Guaranteed Investment Outcome
Investors must understand that SHPF's performance is subject to various risks and uncertainties. There is no assurance that SHPF's investment objectives will be achieved, and returns are not guaranteed. Market fluctuations, changes in economic conditions, and other factors may impact the SHPF's performance and potential returns.
No Offer or Solicitation
The information provided on this website is not intended to be an offer or solicitation to buy or sell securities. The offering of units or shares in SHPF is made solely by the official offering documents, and in compliance with applicable securities laws. Prospective investors should review the SHPF documents before making an investment decision.
Forward-Looking Statements
Certain statements on this website may be considered "forward-looking", reflecting SHPF's expectations or intentions concerning future events or performance. These statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. SHPF disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Tax Considerations
Investors should be aware that investing in SHPF may have tax implications. Tax laws and regulations may change, affecting an investor's tax liability. SHPF does not provide tax advice, and investors are encouraged to consult with their tax advisors to understand the potential tax consequences of their investments.
No Investment Advice
The information provided on this website does not constitute investment, legal, or financial advice. It is intended for informational purposes only. Investors should conduct their due diligence and seek advice from qualified professionals before making any investment decisions.
Use of Projections and Assumptions
This website may include financial projections and assumptions about future performance. These projections are based on certain assumptions and are subject to inherent uncertainties. Actual results may differ from these projections, and SHPF does not guarantee the accuracy or reliability of any forward-looking information.
Potential Conflicts of Interest
SHPF's managers and affiliates may have interests that conflict with the interests of investors. Such conflicts could arise from investment decisions, asset management fees, or other business arrangements. SHPF will take measures to mitigate conflicts of interest, but investors should be aware of this possibility.
Limitation of Liability
SHPF's managers and affiliates shall not be liable for any losses or damages arising from investment decisions made based on the information provided on this website. Investors assume all risks associated with their investments in SHPF. Investors should carefully read and understand all disclaimers provided on this website and in SHPF documents before making an investment decision. The disclaimers are intended to inform potential investors about the risks, limitations, and important considerations related to investing in SHPF.
Investment Fees and Expenses
Investors should be aware that SHPF charges fees and expenses, which may include management fees, performance-based fees, administrative costs, and other charges. These fees may impact the overall return on investment. The specific details of these fees and expenses are outlined in SHPF's operating documents.
Valuation Methodology
The valuation of SHPF assets may involve estimates and assumptions, which could impact the reported net asset value. Valuation methods may differ from those used for publicly traded securities. SHPF valuation methodology may result in fluctuations in reported net asset value from period to period.
Change of Fund Strategy
SHPF investment strategy may change over time due to market conditions or other factors. Changes in investment strategy could result in a shift in SHPF risk profile, asset allocation, and investment objectives.
Third-Party Information
This website may contain information obtained from third-party sources. SHPF does not verify the accuracy or completeness of such information and disclaims any responsibility for errors or omissions in third-party data.
Currency Risk
For investors outside SHPF base currency, currency exchange rate fluctuations can impact the value of their investment when converted back to their home currency. Currency risk may affect returns and investment value.
Investment Concentration
SHPF portfolio may have concentration in specific sectors, asset classes, or geographic regions. Concentration risk may lead to greater sensitivity to market trends in those areas, potentially affecting the overall SHPF performance.
Past Performance
Any references to past performance are not indicative of future results. SHPF historical performance may not be replicated, and investment returns can fluctuate over time.
Fund Suspension or Liquidation
SHPF may suspend or terminate operations, in whole or in part, at the discretion of the management or due to unforeseen events. In such cases, investors may face limitations on redemptions or may be required to exit their investments.
Legal Jurisdictions
The offer and sale of units or shares in SHPF may be subject to specific regulations in various jurisdictions. SHPF may not be available for investment in certain regions or to certain investors due to legal restrictions.
Changes
The information provided on this website is subject to change without notice. The SHPF may update this website periodically, and investors should access the latest version on the SHPF's website or through authorized representatives. Investors should read the entire disclaimer section on this website carefully and understand the implications of each point before deciding to invest in SHPF. The disclaimers aim to provide investors with a comprehensive understanding of the potential risks, costs, and other relevant considerations associated with SHPF.
No Guarantee of Investment Success
The past performance of SHPF or its affiliates is not a guarantee of future investment success. The hospitality industry is subject to various market and economic factors that can impact SHPF performance. Investors should not solely rely on historical performance when making investment decisions.
Limited Regulatory Oversight
SHPF may not be subject to the same level of regulatory oversight as publicly traded funds. Investors should understand that there may be fewer regulatory protections or reporting requirements, which could impact transparency and disclosure.
Investment Adviser Discretion
SHPF investment adviser has discretionary authority over the investment of SHPF assets within the stated investment strategy. Investors acknowledge that investment decisions may be made by the adviser without prior consultation with individual investors.
Fund Documents Supersede
In the event of any inconsistency between this website and other SHPF documents, including the operating agreement, the latter shall prevail. Investors should review all SHPF documents in conjunction to fully understand the SHPF structure and operations.
Tax and Legal Advice
SHPF does not provide tax or legal advice. Investors are urged to consult with their own tax and legal advisors regarding the tax implications and legal requirements associated with their investment in SHPF.
Unforeseen Events
SHPF performance may be affected by unforeseen events such as natural disasters, geopolitical events, or global economic crises. These events can have significant impacts on the hospitality industry, potentially affecting the SHPF returns.
Redemption Suspension
SHPF may suspend redemptions or postpone processing redemption requests under certain circumstances, including in situations of market volatility or extraordinary events. Investors should be prepared for the possibility of limited liquidity during such periods.
Material Change Reporting
SHPF is required to report material changes, such as changes in investment strategy or fees, to investors. Investors should regularly review SHPF communications to stay informed about such updates.
Suitability
Investing in SHPF may not be suitable for all investors, even those that formally qualified to invest. Investors should carefully consider their financial situation, investment goals, risk tolerance, and time horizon before deciding to invest in SHPF.
No Guarantee of Distributions
Distributions from SHPF are not guaranteed and are subject to SHPF performance, income generation, and capital appreciation. The frequency and amount of distributions may vary over time.
SHPF operates under Rule 3(c)(7) of the Investment Company Act of 1940, which restricts investments to "qualified purchasers." By participating in SHPF, investors confirm that they meet the criteria of a qualified purchaser as defined by the Securities and Exchange Commission (SEC). Investors acknowledge that SHPF relies on this representation and may request supporting documentation to verify their status. If an investor does not meet the applicable criteria, they should refrain from investing in the SHPF.
Illiquidity and Redemption Restrictions
Investors must be aware that the SHPF is designed for long-term investments. Units or shares in SHPF are not publicly traded and are subject to limited liquidity. Investors should carefully consider their financial needs and be prepared to hold their investment for an extended period. Redemption restrictions may apply, and there is no guarantee that redemption requests will be honored immediately. SHPF may impose holding periods and may suspend or delay redemptions under certain circumstances. Investors should review SHPF 's operating documents for specific details on redemption procedures and restrictions.
Risk of Loss
Investing in the hospitality sector, including the SHPF, involves inherent risks. Investors must recognize that their capital is at risk and that there is no guarantee of profit or return on investment. The value of the SHPF's assets may fluctuate due to market conditions, economic changes, and other factors beyond the SHPF's control. Past performance is not indicative of future results, and the SHPF's performance may vary over time. Investors should carefully read the SHPF documents, understand the potential risks, and seek professional advice before making an investment decision. SHPF's managers and affiliates shall not be liable for any losses incurred by investors in connection with their investments in SHPF.
No Guaranteed Investment Outcome
Investors must understand that SHPF's performance is subject to various risks and uncertainties. There is no assurance that SHPF's investment objectives will be achieved, and returns are not guaranteed. Market fluctuations, changes in economic conditions, and other factors may impact the SHPF's performance and potential returns.
No Offer or Solicitation
The information provided on this website is not intended to be an offer or solicitation to buy or sell securities. The offering of units or shares in SHPF is made solely by the official offering documents, and in compliance with applicable securities laws. Prospective investors should review the SHPF documents before making an investment decision.
Forward-Looking Statements
Certain statements on this website may be considered "forward-looking", reflecting SHPF's expectations or intentions concerning future events or performance. These statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. SHPF disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Tax Considerations
Investors should be aware that investing in SHPF may have tax implications. Tax laws and regulations may change, affecting an investor's tax liability. SHPF does not provide tax advice, and investors are encouraged to consult with their tax advisors to understand the potential tax consequences of their investments.
No Investment Advice
The information provided on this website does not constitute investment, legal, or financial advice. It is intended for informational purposes only. Investors should conduct their due diligence and seek advice from qualified professionals before making any investment decisions.
Use of Projections and Assumptions
This website may include financial projections and assumptions about future performance. These projections are based on certain assumptions and are subject to inherent uncertainties. Actual results may differ from these projections, and SHPF does not guarantee the accuracy or reliability of any forward-looking information.
Potential Conflicts of Interest
SHPF's managers and affiliates may have interests that conflict with the interests of investors. Such conflicts could arise from investment decisions, asset management fees, or other business arrangements. SHPF will take measures to mitigate conflicts of interest, but investors should be aware of this possibility.
Limitation of Liability
SHPF's managers and affiliates shall not be liable for any losses or damages arising from investment decisions made based on the information provided on this website. Investors assume all risks associated with their investments in SHPF. Investors should carefully read and understand all disclaimers provided on this website and in SHPF documents before making an investment decision. The disclaimers are intended to inform potential investors about the risks, limitations, and important considerations related to investing in SHPF.
Investment Fees and Expenses
Investors should be aware that SHPF charges fees and expenses, which may include management fees, performance-based fees, administrative costs, and other charges. These fees may impact the overall return on investment. The specific details of these fees and expenses are outlined in SHPF's operating documents.
Valuation Methodology
The valuation of SHPF assets may involve estimates and assumptions, which could impact the reported net asset value. Valuation methods may differ from those used for publicly traded securities. SHPF valuation methodology may result in fluctuations in reported net asset value from period to period.
Change of Fund Strategy
SHPF investment strategy may change over time due to market conditions or other factors. Changes in investment strategy could result in a shift in SHPF risk profile, asset allocation, and investment objectives.
Third-Party Information
This website may contain information obtained from third-party sources. SHPF does not verify the accuracy or completeness of such information and disclaims any responsibility for errors or omissions in third-party data.
Currency Risk
For investors outside SHPF base currency, currency exchange rate fluctuations can impact the value of their investment when converted back to their home currency. Currency risk may affect returns and investment value.
Investment Concentration
SHPF portfolio may have concentration in specific sectors, asset classes, or geographic regions. Concentration risk may lead to greater sensitivity to market trends in those areas, potentially affecting the overall SHPF performance.
Past Performance
Any references to past performance are not indicative of future results. SHPF historical performance may not be replicated, and investment returns can fluctuate over time.
Fund Suspension or Liquidation
SHPF may suspend or terminate operations, in whole or in part, at the discretion of the management or due to unforeseen events. In such cases, investors may face limitations on redemptions or may be required to exit their investments.
Legal Jurisdictions
The offer and sale of units or shares in SHPF may be subject to specific regulations in various jurisdictions. SHPF may not be available for investment in certain regions or to certain investors due to legal restrictions.
Changes
The information provided on this website is subject to change without notice. The SHPF may update this website periodically, and investors should access the latest version on the SHPF's website or through authorized representatives. Investors should read the entire disclaimer section on this website carefully and understand the implications of each point before deciding to invest in SHPF. The disclaimers aim to provide investors with a comprehensive understanding of the potential risks, costs, and other relevant considerations associated with SHPF.
No Guarantee of Investment Success
The past performance of SHPF or its affiliates is not a guarantee of future investment success. The hospitality industry is subject to various market and economic factors that can impact SHPF performance. Investors should not solely rely on historical performance when making investment decisions.
Limited Regulatory Oversight
SHPF may not be subject to the same level of regulatory oversight as publicly traded funds. Investors should understand that there may be fewer regulatory protections or reporting requirements, which could impact transparency and disclosure.
Investment Adviser Discretion
SHPF investment adviser has discretionary authority over the investment of SHPF assets within the stated investment strategy. Investors acknowledge that investment decisions may be made by the adviser without prior consultation with individual investors.
Fund Documents Supersede
In the event of any inconsistency between this website and other SHPF documents, including the operating agreement, the latter shall prevail. Investors should review all SHPF documents in conjunction to fully understand the SHPF structure and operations.
Tax and Legal Advice
SHPF does not provide tax or legal advice. Investors are urged to consult with their own tax and legal advisors regarding the tax implications and legal requirements associated with their investment in SHPF.
Unforeseen Events
SHPF performance may be affected by unforeseen events such as natural disasters, geopolitical events, or global economic crises. These events can have significant impacts on the hospitality industry, potentially affecting the SHPF returns.
Redemption Suspension
SHPF may suspend redemptions or postpone processing redemption requests under certain circumstances, including in situations of market volatility or extraordinary events. Investors should be prepared for the possibility of limited liquidity during such periods.
Material Change Reporting
SHPF is required to report material changes, such as changes in investment strategy or fees, to investors. Investors should regularly review SHPF communications to stay informed about such updates.
Suitability
Investing in SHPF may not be suitable for all investors, even those that formally qualified to invest. Investors should carefully consider their financial situation, investment goals, risk tolerance, and time horizon before deciding to invest in SHPF.
No Guarantee of Distributions
Distributions from SHPF are not guaranteed and are subject to SHPF performance, income generation, and capital appreciation. The frequency and amount of distributions may vary over time.