Disclosures

This page contains important disclosures regarding Dorrance Venture and the investment advisory services we provide. Please read these disclosures carefully before engaging with our services or making any investment decisions. These disclosures are provided in compliance with applicable securities laws and regulations.

Firm Information

Dorrance Venture is an investment firm. We provide investment advisory services to qualified clients, including individuals, trusts, and institutional investors.

Investment Risks

All investments involve risk, including the potential loss of principal invested. There can be no assurance that any investment strategy will achieve its objectives or that any investor will receive a positive return on invested capital. Past performance is not indicative of future results.

Investments in private companies, venture capital funds, private equity, and other alternative investments carry significant risks and may not be suitable for all investors. These risks include, but are not limited to:

Lack of Liquidity: Private investments are generally illiquid and may not be readily transferable. Investors should be prepared to hold investments for extended periods, potentially ten years or longer, with no guarantee of liquidity.

Loss of Capital: Private investments may result in the total loss of invested capital. There is no assurance that investors will receive any return of capital or distributions.

Valuation Risk: Private companies are not publicly traded, and their valuations may be based on estimates and assumptions. Valuations may be infrequent and may not reflect current market conditions or the realizable value of the investment.

Concentration Risk: Portfolios may be concentrated in a limited number of investments, industries, or geographic regions, which may increase volatility and risk.

Management Risk: The success of private investments depends heavily on the skill and judgment of management teams and may be affected by key person dependencies.

Regulatory and Legal Risk: Changes in laws, regulations, tax treatment, or accounting standards may adversely affect investments.

Market Risk: Economic conditions, market volatility, interest rate changes, geopolitical events, and other factors beyond our control may adversely affect investment performance.

Performance Disclosures

Past performance is not indicative of future results. Any historical returns, expected returns, or performance projections presented are hypothetical and may not reflect actual future performance. Investment results may vary substantially from period to period.

Performance results, if shown, are net of all fees and expenses unless otherwise stated. Performance calculations may be based on unaudited data and are subject to revision. Performance may be affected by the timing of capital contributions and distributions, which can vary significantly among investors.

Benchmarks or indices referenced for comparison purposes may not be directly comparable to the investment strategies employed by Dorrance Venture. Benchmark returns do not reflect the deduction of fees, expenses, or taxes. It is not possible to invest directly in an index.

Individual investment performance will vary based on numerous factors, including the amount invested, timing of investments, fee arrangements, and individual circumstances. There can be no assurance that any investor will achieve results similar to those shown in any performance presentation.

Conflicts of Interest

Dorrance Venture and its affiliates may have conflicts of interest that could affect the services provided to clients.

Compensation: We receive compensation for our services, which may create an incentive to recommend certain investments or strategies.

Affiliated Transactions: We may invest alongside our clients in certain investment opportunities or invest in companies in which our principals or affiliates have an interest. These arrangements may create conflicts of interest, which we seek to manage through appropriate disclosure and internal policies.

Related Persons: Our firm and our personnel may have relationships with related persons or entities that provide services to clients or investment funds. These relationships may create conflicts of interest regarding the selection of service providers.

Personal Trading: Our personnel may invest in the same securities or investments recommended to clients, subject to our code of ethics. We have adopted policies and procedures designed to prevent conflicts arising from personal trading activities.

Forward-Looking Statements

This website and our communications may contain forward-looking statements regarding our expectations, beliefs, plans, objectives, and assumptions regarding future events or performance. Forward-looking statements are subject to known and unknown risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied.

Forward-looking statements include, but are not limited to, statements regarding expected returns, investment opportunities, market conditions, portfolio performance, and business strategies. These statements are based on current expectations and assumptions and are subject to change without notice.

We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.

No Offer or Solicitation

The information on this website is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or investment products. No offer or solicitation may be made prior to the delivery of appropriate offering materials, including a private placement memorandum, subscription agreement, and other relevant documents.

Any investment opportunity described on this website is subject to the terms and conditions set forth in the applicable offering documents. In the event of any conflict between information on this website and the offering documents, the offering documents shall control.

Geographic Restrictions

The information on this website is intended only for persons located in jurisdictions where such information and services may be legally offered. The offering of investment advisory services and securities may be restricted in certain jurisdictions. It is your responsibility to determine whether you are permitted to access this website and use our services based on your location.

This website is not directed at any person in any jurisdiction where the publication or availability of the website is prohibited by law. Persons in respect of whom such prohibitions apply must not access this website. We reserve the right to restrict access to this website from any jurisdiction at any time.

Professional Advice Disclaimer

The information provided on this website does not constitute legal, tax, accounting, or other professional advice. You should consult with qualified professionals regarding your specific circumstances before making any investment, legal, or tax decisions.

Tax laws and regulations are complex and subject to change. The tax consequences of any investment will depend on your individual circumstances. We do not provide tax advice, and you should consult with your tax advisor regarding the tax implications of any investment opportunity.

Legal and regulatory requirements vary by jurisdiction and may affect the availability and suitability of investment opportunities. We recommend that you consult with legal counsel regarding applicable legal and regulatory requirements.

Fees and Expenses

Dorrance Venture receives compensation for providing investment advisory services. Fees may include management fees, performance-based fees, and other charges.

In addition to advisory fees paid to Dorrance Venture, investments may be subject to fund-level expenses, including administrative costs, legal fees, accounting fees, audit fees, custody fees, and other operational expenses. These expenses reduce the net returns to investors.

Custody and Custodian Arrangements

Client assets are generally held by qualified custodians independent of Dorrance Venture. Clients will receive account statements directly from the qualified custodian at least quarterly. We may also provide clients with periodic reports regarding their investments.

Clients should carefully review all account statements received from custodians and compare them to any reports provided by Dorrance Venture. If you have any questions about your account statements, please contact your custodian or our firm immediately.

Code of Ethics and Personal Trading

Dorrance Venture has adopted a Code of Ethics that sets forth standards of conduct expected of our personnel and addresses conflicts of interest related to personal trading. Our personnel may invest in the same securities or investments that we recommend to clients.

To address potential conflicts, we have implemented policies requiring pre-clearance of certain personal transactions, reporting of personal securities holdings and transactions, and restrictions on trading in securities shortly before or after client transactions.

Privacy and Data Security

We are committed to protecting the privacy and security of client information. Our privacy practices are described in our Privacy Policy, which is available on our website. We collect, use, and share personal information only as necessary to provide our services and comply with legal obligations.

We maintain physical, electronic, and procedural safeguards designed to protect client information from unauthorized access, use, or disclosure. In the event of a data breach that affects your information, we will notify you in accordance with applicable law.

Business Continuity

Dorrance Venture has developed and maintains a business continuity plan designed to enable us to continue providing services to clients in the event of a significant business disruption. Our business continuity plan addresses various scenarios, including natural disasters, technology failures, and other disruptions.

While we have implemented measures designed to protect against business disruptions, there can be no assurance that our business continuity plan will be effective in all circumstances. Clients may contact us at compliance@dorranceventure.com for information about our business continuity planning.

Cybersecurity Risks

Our business relies on digital technologies, computer systems, and the internet. These systems may be vulnerable to cyberattacks, security breaches, unauthorized access, computer viruses, and other cybersecurity risks. Despite our implementation of security measures, cybersecurity incidents could result in unauthorized access to confidential information, disruption of business operations, financial losses, regulatory penalties, or reputational damage.

Portfolio companies in which we invest may also be subject to cybersecurity risks, which could adversely affect their business operations and the value of our investments. We have implemented policies and procedures designed to address cybersecurity risks, but there can be no assurance that these measures will be effective in all circumstances.

Financial Condition

Investment advisers are required to disclose any financial condition that is reasonably likely to impair the ability to meet contractual commitments to clients. As of the date of this disclosure, Dorrance Venture is not aware of any financial condition that is reasonably likely to impair our ability to meet contractual commitments to clients.