The opinions expressed in this paper are those of the authors, and not necessarily of Goldman Sachs. The investments discussed in this paper do not represent any Goldman Sachs product.
Disclosures:
The material provided herein is for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any securities relating to any of the products referenced herein, notwithstanding that any such securities may be currently being offered to others. Any such offering will be made only in accordance with the terms and conditions set forth in the offering documents pertaining to such Fund. Prior to investing, investors are strongly urged to review carefully all of the offering documents.
No person has been authorized to give any information or to make any representation, warranty, statement or assurance not contained in the offering documents.
Hedge funds and other private investment funds (collectively, “Alternative Investments”) are subject to less regulation than other types of pooled investment vehicles such as mutual funds. Alternative Investments may impose significant fees, including incentive fees that are based upon a percentage of the realized and unrealized gains and an individual’s net returns may differ significantly from actual returns. Such fees may offset all or a significant portion of such Alternative Investment’s trading profits. Alternative Investments are not required to provide periodic pricing or valuation information. Investors may have limited rights with respect to their investments, including limited voting rights and participation in the management of such Alternative Investments.
Alternative Investments often engage in leverage and other investment practices that are extremely speculative and involve a high degree of risk. Such practices may increase the volatility of performance and the risk of investment loss, including the loss of the entire amount that is invested. There may be conflicts of interest relating to the Alternative Investment and its service providers, including Goldman Sachs and its affiliates. Similarly, interests in an Alternative Investment are highly illiquid and generally are not transferable without the consent of the sponsor, and applicable securities and tax laws will limit transfers.
For illustrative purposes only. Performance results vary depending on the client’s investment goals, objectives, and constraints. There can be no assurance that the same or similar results to those presented above can or will be achieved.
The information contained herein (including commercial and/or financial information) (collectively, the “Confidential Information”) is non- public, strictly confidential and proprietary in nature and may constitute trade secrets under applicable U.S. federal, state and/or non-U.S. laws, the disclosure of which could have adverse effects on, and could cause competitive harm to, Goldman Sachs, the Funds or current and future investments of the Funds. The Confidential Information includes a detailed account of investment strategy based on proprietary methods and techniques of financial analysis and valuation (collectively, the “Proprietary Information”), which is used in Goldman Sachs’ infrastructure investment and private equity businesses, including by the infrastructure investment team. This Confidential Information has been disclosed to prospective investors subject to such prospective investors’ promise that such information will be held confidential. The Proprietary Information provides Goldman Sachs with an advantage over others who do not know of or use such Proprietary Information and Goldman Sachs derives independent economic value from the fact that its methods and techniques are not widely known. Goldman Sachs has taken reasonable efforts to preserve the confidential nature of the Confidential Information (including the Proprietary Information) and to prevent such information from becoming available to persons other than those selected by Goldman Sachs. The divulgence of such information would cause substantial injury to Goldman Sachs’ competitive position. The Confidential Information was prepared by Goldman Sachs solely in connection with an offering of interests in the Partnership to prospective investors as described herein and may not be disclosed, reproduced or used for any other purpose. The Confidential Information may fall within an exception to public disclosure requirements under applicable U.S. federal, state and/or equivalent non-U.S. laws and the General Partner may try to prevent public disclosure of Confidential Information pursuant to such exceptions. To protect the sensitive nature of certain Confidential Information and in some cases based on the status of an investor (including investors that are subject to FOIA or similar state or local law, rule or regulation), the General Partner will have the right to keep confidential from investors on a case-by-case basis any Confidential Information that the General Partner reasonably believes to be Proprietary Information the disclosure of which the General Partner reasonably believes is not in the best interest of the Partnership or could damage the Partnership’s investments or that the Partnership is required by law or by agreement with a third party to keep confidential. Any information provided by or on behalf of the Partnership must be promptly returned to Goldman Sachs upon request of the General Partner or Goldman Sachs. Upon receipt by a prospective investor of a request to make public disclosure about the Partnership, pursuant to any additional entity-specific laws, rules, regulations or internal policies, including FOIA or similar open records disclosure requirements, such investor is obligated to immediately send written notice to Goldman Sachs of the request. In addition, each investor will agree not to release any Proprietary Information pursuant to any such request without, to the maximum extent permitted by applicable law, first giving Goldman Sachs at least 30 days’ notice and providing Goldman Sachs with its reasonable cooperation in contesting, eliminating or otherwise mitigating the obligation to make such release.
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• Goldman Sachs Asset Management (Singapore) Pte. Ltd. (GSAMS), pursuant to ASIC Class Order 03/1102; regulated by the Monetary Authority of Singapore under Singaporean laws
• Goldman Sachs Asset Management (Hong Kong) Limited (GSAMHK), pursuant to ASIC Class Order 03/1103 and Goldman Sachs (Asia) LLC (GSALLC), pursuant to ASIC Instrument 04/0250; regulated by the Securities and Futures Commission of Hong Kong under Hong Kong laws
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Vietnam: Please Note: The attached information has been provided at your request for informational purposes only. The attached materials are not, and any authors who contribute to these materials are not, providing advice to any person. The attached materials are not and should not be construed as an offering of any securities or any services to any person. Neither Goldman Sachs Asset Management (Singapore) Pte. Ltd. nor any of its affiliates is licensed as a dealer under the laws of Vietnam. The information has been provided to you solely for your own purposes and must not be copied or redistributed to any person without the prior consent of Goldman Sachs Asset Management.
Cambodia: Please Note: The attached information has been provided at your request for informational purposes only and is not intended as a solicitation in respect of the purchase or sale of instruments or securities (including funds) or the provision of services. Neither Goldman Sachs Asset Management (Singapore) Pte. Ltd. nor any of its affiliates is licensed as a dealer or investment advisor under The Securities and Exchange Commission of Cambodia. The information has been provided to you solely for your own purposes and must not be copied or redistributed to any person without the prior consent of Goldman Sachs Asset Management.
Conflicts of Interest
There may be conflicts of interest relating to the Alternative Investment and its service providers, including Goldman Sachs and its affiliates. These activities and interests include potential multiple advisory, transactional and other interests in securities and instruments that may be purchased or sold by the Alternative Investment. These are considerations of which investors should be aware and additional information relating to these conflicts is set forth in the offering materials for the Alternative Investment.
Goldman Sachs does not provide legal, tax, or regulatory advice to prospective investors in any product, and each prospective investor is urged to discuss any prospective investment in a product with its legal, tax, and regulatory advisers in order to make an independent determination of the suitability and consequences of such an investment.
There may be conflicts of interest relating to the Alternative Investment and its service providers, including Goldman Sachs and its affiliates. These activities and interests include potential multiple advisory, transactional and other interests in securities and instruments that may be purchased or sold by the Alternative Investment. These are considerations of which investors should be aware and additional information relating to these conflicts is set forth in the offering materials for the Alternative Investment.
Date of first use: April 24, 2023 314317-OTU-1778770
February 28, 2023 | GSAM Featured Insights