This website, and the information contained herein, is provided for discussion purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, recommendations, or as an offer to sell, a solicitation of an offer to purchase or recommendations of any interest in any fund or security. Any such offer may only be made pursuant to the delivery of formal offering documents. Past performance is not indicative of future results. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. An investment in an alternative investment entails a high degree of risk and no assurance can be given that any alternative investment's investment objectives will be achieved or that investors will receive a return of their capital. The information contained herein is subject to change and is also incomplete. The information contained herein is an opinion only and should not be relied upon as the basis for an investment decision or for any other purpose whatsoever. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed, and CAIS makes no representation or warranties with respect to the information provided, and assumes no liability for the information provided. Please note, CAIS and/or its affiliates are paid a fee for the sale of private funds and strategies facilitated through its platform. Furthermore, CAIS and/or its affiliates may be paid a higher fee for funds and strategies that have the investment objective addressed in herein, in relation to other funds and strategies. Any data and firm information shown in the platform graphics is for illustrative purposes only. Mercer's ratings generally signify their forward looking opinion of an investment strategy's prospects for either outperforming a suitable benchmark or achieving objectives over a time frame appropriate for that particular strategy. CAIS Capital, LLC (member FINRA, SIPC) and its affiliates are not fiduciaries or advisors with respect to any financial services or products mentioned herein.