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Past performance is not indicative of future results, and there can be no assurance that the Fund will achieve comparable results or that the Fund’s investors will receive a return of their capital. The returns and multiples described herein are calculated prior to deduction of all fund-level fees, including asset management fees and promotes, and all returns and multiples are calculated prior to deduction of investor-level taxes. All such fees and taxes will reduce returns to investors and multiples. “IRR” means internal rate of return which is the discount rate that causes the net present value of a partner’s distributions and capital contributions to equal zero, taking into account the time value of money.