Please carefully read the following terms and conditions. By accessing or using this website, you acknowledge that you have read, understand, and agree to be bound by these terms and conditions. If you do not agree to be bound by or comply with these terms and conditions, do not access or use this website.

The website and any documents are not made available to and should not be accessed by any person domiciled or with a registered office in the European Union (an “EU Investor”). If you are an EU Investor, you should not access this website, read any documents, or participate in any meetings, or other communications relating to Stonerise Capital Management, LLC ("Stonerise").

Any changes, modifications, or additions to, or deletions from these terms or conditions shall be effective upon posting on this website. If you use this website after Stonerise posts changes to the terms and conditions, you accept the terms and conditions as changed. Stonerise expressly reserves the right to monitor any use of this website.

Ownership of Site and Trademarks

THE CONTENTS OF THIS WEBSITE, INCLUDING ITS “LOOK AND FEEL” (E.G., TEXT, GRAPHICS, IMAGES, LOGOS, AND BUTTON ICONS), EDITORIAL CONTENT, NOTICES, SOFTWARE (INCLUDING HTML-BASED COMPUTER PROGRAMS) AND OTHER MATERIAL, ARE PROTECTED UNDER UNITED STATES AND FOREIGN COPYRIGHT, TRADEMARK, AND OTHER LAWS. These contents belong or are licensed to Stonerise. Stonerise hereby grants you the right to view and use this website subject to the terms and conditions of these terms and condition. You may download and/or print a copy of the information provided in this website for your internal use only. Permission to reprint or electronically reproduce any document or graphic in whole or in part for any other purpose is expressly prohibited, unless prior written consent is obtained from the respective copyright holder(s). No act of downloading or otherwise copying from this site will transfer title to any software or material at this site to you. In any event, you agree not to modify, amend, reduce the size of or in any way obliterate any warnings, liability limitations, disclosures or notices (including any copyright or trademark notice) associated with the information. Anything that you transmit to this site becomes the property of Stonerise, may be used by Stonerise for any lawful purpose, and is further subject to disclosure as deemed appropriate by Stonerise, including to any legal or regulatory authority to which Stonerise is subject. Stonerise reserves all rights with respect to copyright ownership of all material at this site, and will enforce such rights to the full extent of the law.


No Offer of Securities or Advice—Disclosure of Interests

This website is for informational purposes only. Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment fund managed or advised by Stonerise or its affiliates. Any such offer or solicitation will be made only by means of the offering documents relating to the particular fund. Access to information about the funds is limited to investors who either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, qualified purchasers within the meaning in the Investment Company Act of 1940 or those investors who generally are sophisticated in financial matters, such that they are capable of evaluating the merits and risks of prospective investments.

The material at this site does not constitute and should not be construed as an offering of advisory services or a promise to undertake or solicit business. Stonerise is not utilizing this site to provide investment or other advice, and nothing on this site should be construed as a recommendation that you buy, sell or hold any security or other investment or that you pursue any investment style or strategy. If you would like investment, accounting, tax or legal advice, you should consult with your own advisors with respect to your individual circumstances and needs.

Past performance is not indicative of future results; no representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.

No Reliance

While Stonerise uses reasonable commercial efforts to update the information on this site, it makes no representations or warranties as to the accuracy, reliability or completeness of any information at this site. Any contents at this site are subject to change without notice.

Timeliness of Content

Stonerise disclaims any intention or obligation to update or revise any information contained in this website, whether as a result of new information, future events, or otherwise.

Material to be Consulted in its Entirety

All materials in this site are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions or disclosures, and any copyright or proprietary notices. Any disclaimers, restrictions, disclosures or hedge clauses apply to any partial document or material in the same manner as they do to the whole, and will be deemed incorporated in the portion of any material or document that you consult or download.

Restrictions on Use

Except as otherwise permitted by Stonerise, no material at this site may be copied or printed other than for informational, non-commercial purposes. Any copies of such material must not alter the original content, including any legal notices or legends.

Intended Audience

The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject Stonerise or its affiliates to any registration requirement within such jurisdiction or country.

International Use

This site is operated and controlled by Stonerise in the United States. If it is illegal or prohibited in your country of origin to access or use this site, then you should not do so. Those who access this site outside the United States do so on their own initiative and are responsible for compliance with all local laws and regulations.

Nothing on this website is intended to amount to an invitation or inducement to engage in investment activity or to constitute investment or tax advice. Visitors to this website are reminded that they have the right to seek independent advice prior to entering into any investment opportunity.

Linked Sites

Stonerise has not reviewed any of the sites that may be linked to this site, and is not responsible for the content of off-site pages or any other site linked or linking to the site. Your linking to any off-site pages or other sites is at your own risk.

No Warranty

The materials in this site are provided “as is” without warranty of any kind, either express or implied, to the fullest extent permissible pursuant to applicable law. Stonerise further assumes no responsibility for, and makes no warranties that functions contained at this site will be uninterrupted or error-free, that defects will be corrected, or that the site or the server that makes it available will be free of viruses or other harmful components. Stonerise shall not be liable for any damages or injury, including but not limited to special or consequential damages, that result from your use of this site, including any damages, viruses, or services, repairs or corrections that must be performed on your computer or other property on account of your accessing or using this site. Please note that some jurisdictions do not allow the exclusion of implied warranties, so some or all of the above exclusions may not apply to you.

Limitation of Liability

You agree that neither Stonerise, nor its affiliates or any of its officers, directors, members, managers, employees, or agents shall have any liability to you under any theory of liability or indemnity arising out of or relating to your use of the website. You hereby release and forever waive any and all claims you may have against Stonerise, its affiliates, officers, directors, members, managers, employees, and agents (including but not limited to claims based upon the negligence of Stonerise, its affiliates, officers, directors, members, managers, employees, and agents) for losses or damages you sustain arising out of or relating to use of the website.

Governing Law

You agree that your use of this site and any disputes relating to such use shall be governed in all respects by the laws of the United States. Any such dispute shall be resolved solely in the state or federal courts located in San Francisco, California.