Disclosures
PLEASE READ THESE DISCLOSURES CAREFULLY BEFORE USING THIS WEBSITE.
General Disclosures
This material is for informational and discussion purposes only and is not intended as an offer to sell or a solicitation of an offer to buy any security, investment product, or investment advisory service. The information contained herein does not constitute investment, legal, regulatory, tax, accounting, or other professional advice and should not be relied upon as such.
Unless otherwise noted, all information, views, and opinions expressed are as of the date of this report and are subject to change without notice. There can be no assurance that the views expressed herein will prove to be correct or that the trends described will continue. Past performance is not indicative of future results.
This material reflects the views of Thirdpath and is based on information believed to be reliable; however, Thirdpath makes no representation or warranty, express or implied, as to the accuracy, completeness, or fairness of the information or opinions contained herein and accepts no liability for any direct or indirect losses arising from its use.
Certain information has been obtained from third-party sources, which have not been independently verified. Any forward-looking statements included herein are based on current expectations, estimates, assumptions, and projections and involve known and unknown risks and uncertainties that may cause actual outcomes to differ materially. Words such as “may,” “should,” “expects,” “believes,” “estimates,” “anticipates,” or similar expressions are intended to identify forward-looking statements. Any projections are, by their nature, hypothetical, and are provided solely for illustrative purposes.
All investments involve risk, including the potential loss of capital. Risks may include, but are not limited to, market risk, credit risk, liquidity risk, interest rate risk, valuation risk, and conflicts of interest. Diversification does not guarantee profits or protect against losses.
This document is confidential and intended solely for the use of its intended recipients. It may not be reproduced, distributed, or disclosed, in whole or in part, without the prior written consent of Thirdpath. All information provided is as of February 6, 2026, unless otherwise indicated.
Investment Disclosures
The following disclosures apply to any investment-related content on this website and to any memorandum, presentation or other material that Thirdpath makes available through it, including materials furnished on a confidential basis to a limited number of recipients.
No content on this website constitutes an offer to sell, or a solicitation of an offer to buy, any security. Any offer will be made only through definitive offering, subscription and transaction documents, which will contain additional information and will govern in the event of any inconsistency with material on this website. Securities described in any such material have not been registered under the Securities Act of 1933 or any state securities laws and are expected to be offered in reliance on exemptions from registration.
Participation in any investment described in Thirdpath materials is limited to persons who qualify as accredited investors under Regulation D, qualified purchasers under the Investment Company Act of 1940, or who meet such other eligibility standards as may apply to a particular offering.
Thirdpath materials may contain forward-looking statements, including projections of revenue, cash flow, valuation and investment returns, and statements about commercial milestones, market conditions and the timing of transactions. Words such as “may,” “should,” “expects,” “believes,” “estimates,” “anticipates” or similar expressions are intended to identify forward-looking statements. These statements rest on assumptions, estimates and information available as of the date of the relevant material, involve known and unknown risks and uncertainties, and are not guarantees of future performance. Actual results may differ materially. Thirdpath undertakes no obligation to update any forward-looking statement.
Returns, multiples, target yields and scenario outcomes presented in Thirdpath materials are hypothetical. They are derived from models that depend on the assumptions described in the relevant material, including scenario probabilities, exit valuations and transaction terms, and do not represent the results of any actual investment. Different assumptions could produce materially different results. Hypothetical results have inherent limitations and should not be relied upon as an indication of future performance.
An investment in any security described in Thirdpath materials involves a high degree of risk, including the risk of loss of the entire investment. Such securities are generally subject to restrictions on transfer and may be illiquid for an extended period, and any transaction may be subject to conditions that are not satisfied. Recipients should review the risk factors set out in the relevant material and in the issuer’s or fund’s offering documents and public filings.
References to the prior transactions or performance of any sponsor, manager, investor or company are provided for context only. Past performance is not indicative of future results.
Information in Thirdpath materials has been obtained from company materials, public filings, materials prepared by sponsors and other parties to a transaction, and other sources Thirdpath believes to be reliable. Thirdpath has not independently verified all such information and makes no representation or warranty, express or implied, as to its accuracy or completeness. Information is current as of the date of the relevant material unless otherwise indicated and is subject to change without notice.
Thirdpath, its affiliates and its personnel may invest in a transaction alongside clients or other recipients of Thirdpath materials and may have interests that differ from theirs. Any fees, compensation or other economic arrangements relating to a particular transaction will be described in the definitive offering documents for that transaction.
Each recipient of Thirdpath materials must make its own independent assessment of the merits and risks of any investment and should consult its own legal, tax, accounting and financial advisors. Nothing in any Thirdpath material constitutes legal, tax or accounting advice.
Memoranda and other materials that Thirdpath furnishes on a confidential basis are provided solely for the recipient’s use in evaluating a potential investment. They may not be reproduced, distributed or disclosed, in whole or in part, to any other person without Thirdpath’s prior written consent. Securities laws may restrict any person in possession of material nonpublic information about an issuer from purchasing or selling that issuer’s securities.
Thirdpath, LLC is a Delaware limited liability company. Thirdpath is not currently registered as an investment adviser with the U.S. Securities and Exchange Commission. Registration status may change, and registration with the SEC does not imply a certain level of skill or training.
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