EFTA Document EFTA01390933

GLDUS113 Cliff IIlig Additional Disclosures Regarding Certain Risk Factors The risks associated with investing in a private equity fund generally include: • Limited Regulatory Oversight - Since private equity funds are typically private investments, they do not face the same oversight and scrutiny from financial regulatory entities such as the Securities and Exchange Commission ("SEC') and are not subject to the same regulatory requirements as regulated investment companies, (i.e., open-end