This information is for illustration and discussion purposes only. It is not intended to be, nor should it be construed or used as investment, tax, or financial advice, any recommendation, or an offer to sell, or a solicitation of any offer to buy, an interest in any security. Any offer or solicitation of an investment may be made only by delivery of PPM, Subscription Agreement & other required documents (collectively, the “Offering Documents”) to accredited investors. Prospective investors should review carefully and rely solely on the Offering Documents in making any investment decision. An investment in our investment vehicles is not suitable for all prospective investors. In case of any inconsistency between the descriptions or terms in these materials and the Offering Documents, the Offering Documents shall control. These securities shall only be offered in those jurisdictions where permitted by law. These materials are not intended for public use or distribution. All financial and performance information contained herein is unaudited.

No representation is made that the Investment will or is likely to achieve its objectives, that PIR INVESTMENT MANAGEMENT LLC’s investment process or risk management will be successful, or that an investor in these vehicles will or is likely to achieve results comparable to those shown or will make any profit or will not suffer losses or loss of principal. An investment in our investment vehicles involves risks, as disclosed in the Offering Documents.

PIR INVESTMENT MANAGEMENT LLC. is an entity that invests in various financial instruments, including securities, non-securities and derivatives, and is not subject to the same regulatory requirements as mutual funds, including requirements to provide certain periodic and standardized pricing and valuation information to investors. Investments are selected by, and will vary in the discretion of PIR INVESTMENT MANAGEMENT LLC. and are subject to availability and market conditions, among other factors. Investment characteristics discussed herein, including without limitation liquidity, may not be fully indicative of any future investments, will change over time, are subject to market conditions and may not be representative of any other investment made by PIR INVESTMENT MANAGEMENT LLC.

Any statements regarding future events constitute only subjective views, are based upon expectations or beliefs, should not be relied on, are subject to change due to a variety of factors, including fluctuating market conditions, and involve inherent risks and uncertainties, both general and specific, many of which cannot be predicted or quantified and are beyond PIR INVESTMENT MANAGEMENT LLC’s control. Future evidence and actual results could differ materially from those set forth in, contemplated by, or underlying these statements. In light of these risks and uncertainties, there can be no assurance that these statements are now or will prove to be accurate or complete in any way. This material is as of the date indicated, is not complete, is subject to change and does not contain material information regarding an investment in our investment vehicles, including related risk disclosures. No representation is made with respect to the accuracy, completeness or timeliness of information and PIR INVESTMENT MANAGEMENT LLC. assumes no obligation to update or revise such information.

Certain information has been provided by and/or is based on third party sources and, although believed to be reliable, has not been independently verified and PIR INVESTMENT ANAGEMENT LLC. is not responsible for third-party errors. Any financial indicators or benchmarks shown are for illustrative and/or comparative purposes only, may not be available for direct investment, are unmanaged, assume reinvestment of income, and have limitations when used for comparison or other purposes because they may have volatility, credit, or other material characteristics (such as number and types of securities or instruments).

This information is confidential, is intended only for intended recipients and their authorized representatives and may not be distributed to any other person without PIR INVESTMENT MANAGEMENT LLC’s prior written consent.