Disclaimers 

Website Policy

The Spaventa Group LLC (“TSG”) operates this site, which is not a registered broker-dealer. TSG does not give investment advice, endorsement, analysis, or recommendations with respect to any asset class. TSG has not taken any steps to verify the adequacy, accuracy or completeness of any information contained within this website. Neither TSG nor any of its partners, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this site or the use of information on this site. TSG has the right (but not the obligation) to monitor this site for any unauthorized or objectionable conduct and to take all appropriate actions in response, without notice to you. You may not link to this site or display this site as “framed” within another website. You may not (and may not encourage others to) violate any law, regulation, rule or the intellectual property, privacy or publicity, or contractual rights of others, or attempt to violate the security of this site or use or gain access to the identities, information or computers of others, through this site. You may not: 1) send through this site any materials or communications that are unlawful or defamatory, indecent, harassing, or otherwise objectionable in our sole discretion; 2) transmit any virus, worm, time bomb or similar system interference or corruption through this site; or 3) use this site to engage in any other unauthorized or unwelcome online conduct. We reserve the right to change or supplement our policies as to prohibited uses at any time. You agree to indemnify and hold harmless TSG and its affiliates and their employees, agents and representatives from any and all liabilities, damages, losses, claims, expenses and fees resulting from your violation of our website policies. 

Terms of Use & Privacy Policy Mobile Text Summary Terms & Conditions

You will receive SMS messages regarding The Spaventa Group, LLC. Message & Data Rates May Apply. This service is available for subscribers on AT&T, Verizon Wireless, T-Mobile®, MetroPCS, Sprint, Virgin Mobile USA, Centennial Wireless, and others in the US. The wireless carriers are not liable for any delays or undelivered messages. Users will receive SMS MT if the device cannot support MMS. For help in the US, email marketing@tsginvest.com or call 631-210-7263. You can stop mobile subscriptions at any time by sending the text message STOP to the phone number that you do not wish to receive messages from.  Your phone must be able to receive text messages. Terms on this page apply to subscribers who subscribe to distribution lists managed by users of The Spaventa Group, LLC. 

How to Unsubscribe From The Spaventa Group: All subscribers have the ability to unsubscribe or change their personal subscription settings at any time. To unsubscribe from Mobile Texts: Text STOP to the phone number that you do not wish to receive messages from. NOTE: Message and data rates may apply.

You may also call The Spaventa Group, LLC at 631-210-7623 to unsubscribe at any time. If you believe that your contact information was collected by a The Spaventa Group, LLC user without your consent and would like to report spam, please call 631-210-7623. When reporting any offending party, please include the contact address or number that sent you the spam, the username of the sender, and the message or first few sentences of the message that you believe is spam. The Spaventa Group, LLC has a zero tolerance spam policy. 

Your Privacy The Spaventa Group, LLC may use or disclose information about you, including your personal information, under the following circumstances: Providing you with products and services you request. Anticipating and resolving conflicts with our products and services. Verifying and authenticating purposes in regard to requests or changes of any personal information or data related. For other purposes communicated to you at the time you provide or authorize the use of your information. Enforcing our Terms of Use and Privacy Policy or other legal agreements. To outsource any of the tasks referenced in this Terms of Use and Privacy Policy, such as customer service. Responding to a subpoena, court order, or other legal process. Establishing or exercising our legal rights or defend against legal claims. Sharing with a company controlled by, or under common control with The Spaventa Group for any purpose permitted by our Terms of Use and Privacy Policy. When The Spaventa Group, LLC believes such use a disclosure is (a) necessary in order to investigate, prevent, or take action regarding suspected illegal activities, fraud, or situations involving potential threats to the physical safety of any person, or (b) required by law. In the event of a merger, acquisition, consolidation, divestiture, or bankruptcy of The Spaventa Group, LLC.

Forward-Looking Statements

The Site or any downloadable materials may contain some forward-looking statements. Certain words, including, without limitation, the words “believe,” “anticipate,” “expect,” “will,” or similar words can be used to identify these statements. Users of the Site should beware that TSG is not obliged to update or revise these forward-looking statements and, thus, should not rely on the accuracy or validity of these statements. Such information should not be relied upon for the purpose of making any investment decision without the direct guidance of a properly credentialed investment advisor.

Trademarks

Logos and certain other marks displayed on this site are trademarks and service marks of TSG. You may not use any of TSG’s trademarks, trade names or service marks in any manner that creates the impression that such names and marks belong to or are associated with you or your affiliates or are used with TSG’s consent. All other trademarks or service marks on the Site that are not owned by TSG are the property of their respective owners.

Your Privacy The Spaventa Group, LLC may use or disclose information about you, including your personal information, under the following circumstances: Providing you with products and services you request. Anticipating and resolving conflicts with our products and services. Verifying and authenticating purposes in regard to requests or changes of any personal information or data related. For other purposes communicated to you at the time you provide or authorize the use of your information. Enforcing our Terms of Use and Privacy Policy or other legal agreements. To outsource any of the tasks referenced in this Terms of Use and Privacy Policy, such as customer service. Responding to a subpoena, court order, or other legal process. Establishing or exercising our legal rights or defend against legal claims. Sharing with a company controlled by, or under common control with The Spaventa Group for any purpose permitted by our Terms of Use and Privacy Policy. When The Spaventa Group, LLC believes such use a disclosure is (a) necessary in order to investigate, prevent, or take action regarding suspected illegal activities, fraud, or situations involving potential threats to the physical safety of any person, or (b) required by law. In the event of a merger, acquisition, consolidation, divestiture, or bankruptcy of The Spaventa Group, LLC.

Venture Capital (“VC”)

Before investing you should consider: (1) Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. (2) conduct your own investigation and analysis; (3) carefully consider the investment and all related charges, expenses, uncertainties and risks, including all uncertainties and risks described in offering materials; and (4) consult with your own investment, tax, financial and legal advisors. Such Securities are only suitable for accredited investors who understand and are willing and able to accept the high risks associated with private investments. Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by TSG or any other party, and MAY lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. Investors must be able to afford the loss of their entire investment. Investments in private placements are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest.

There is no assurance that any of the companies we invest in will go public soon, if ever, nor are there any assurances that the securities of those companies will become publicly traded or unrestricted. Private investments are not appropriate for all investors. This asset class involves a high degree of risk, volatility, and illiquidity, beyond that associated with traditional asset classes. Investors should have the financial ability and willingness to accept the risks (including, among other things, the risk of loss of their entire investment and the lack of liquidity) that are characteristic of these types of investments. Investors should consider private investments a supplement, comprising a modest portion of an overall investment strategy. Investors are solely responsible are advised before making an investment decision with respect to any of TSG offerings to review carefully the respective offering documents (including any relevant underlying agreements), and the related subscription documents regarding the investments and are responsible for performing such due diligence as deemed appropriate, including consulting their own legal, tax, ERISA, and financial advisers. Any information provided by TSG and its affiliates should not form the primary basis of the investment decision. This material is based upon information TSG believes is reliable. However, TSG does not represent or warrant that it is accurate, complete, and/or up-to-date.

TSG does not accept any responsibility to update any opinion, analyses or other information contained in the material. This material is for your general information only and solely to assist you in deciding whether to proceed with a further investigation of the investments. It is not an offer or solicitation to buy or sell any security, which can be made only through the delivery of formal offering document(s) which include, among others, a confidential offering memorandum, limited liability company operating agreement, subscription agreement, and related subscription documents. Such formal offering documents contain additional information not set forth herein, including information regarding certain risks of investing, which such additional information is material to any decision to invest in the securities.

Performance may fluctuate, especially over short periods. In this Website, performance results may be shown net of all fees and expenses (such as transaction costs, management, performance, administrative and any other fees and expenses applicable to TSG) and may reflect the reinvestment of dividends and other earnings.

TSG relies on information provided by the issuer and/or target company as part of its responsibility. Additionally, TSG will exhaust all resources in the public domain to obtain the most current and accurate information available. TSG will perform industry comparables to ensure proper valuations. No representation is made that any investor will or is likely to achieve results comparable to those shown or will make any profit or will be able to avoid incurring substantial losses. The past performance of TSG, its principals, partners, or employees, or any of the assets referred to herein is not indicative of future returns. Performance results are generally net of applicable fees and reflect reinvestment of profits. Investment returns will fluctuate and may be volatile, especially over short time horizons.

TSG’s investment strategy involves investments for which no public market exists. Little public information exists about many of these investments, and TSG will be required to rely on its diligence efforts to obtain adequate information to evaluate the potential risks and returns involved in these investments. Therefore, the greater risk that TSG may invest on the basis of incomplete or inaccurate information may adversely affect TSG’s investment performance, which could impact both initial and ultimate valuations. This could subject TSG to greater risk than investments in established publicly-traded companies or businesses and negatively affect TSG’s investment returns.

TSG may not be able to secure shares in some or all of the securities that have been targeted for purchase. If the shares are not accessible, TSG will not be able to execute their investment strategy. There is no assurance that TSG’s diligence efforts will result in an investment being successful. There is no guarantee that TSG will be successful in achieving TSG’s investment objectives. An investment in securities offered by TSG contains risks, including the risk of complete loss. Any performance reflected herein is estimated, is based on incomplete information and is subject to change. Actual results, when available, may differ. Given the nature and number of companies underlying these securities, securities offered by TSG should be considered a more volatile and risky investment. The returns for assets offered by TSG have not yet been audited and may change as a result of the audit.

Any trademarks or business names in this Website are included solely for informational purposes and, in certain cases, as examples of companies in the asset class in which TSG may invest, and any such trademarks and business names are owned by their respective trademark owners. While the companies represented by such trademarks and business names may be invested in by TSG, there is no guarantee that such companies will be invested in by TSG.

TSG Alpha Partners LLC (“TSGA”)

TSG Alpha Partners LLC (“TSGA”) is a wholly-owned subsidiary of The Spaventa Group LLC and a state-registered investment adviser headquartered in New York. TSGA may only transact business in those states in which it is notice filed or qualifies for an exemption or exclusion from notice filing requirements. This summary should not be construed by any consumer and/or prospective client as TSGA’s rendering of personalized investment advice. Any subsequent, direct communication by TSGA with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of TSGA, please contact the United States Securities and Exchange Commission on their web site at www.adviserinfo.sec.gov. A copy of TSGA’s current written disclosure brochure discussing TSGA’s business operations, services, and fees is available upon written request.

This material is for general information purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. TSG Alpha Partners LLC (“TSGA”), its officers, directors, employees or clients may have positions in securities or investments mentioned in this publication, which positions may change at any time, without notice. While the information and statistical data contained herein are based on sources believed to be reliable, we do not represent that it is accurate and should not be relied on as such or be the basis for an investment decision. The information contained herein may include preliminary information and/or “forward-looking statements.” Due to numerous factors, actual events may differ substantially from those presented. TSGA assumes no duty to update any forward-looking statements or opinions in this document. Any opinions expressed herein are current only as of the time made and are subject to change without notice. Past performance is no guarantee of future results.