The information contained within this web-site, www.crespark.com, been prepared by Crescent Park Management, L.P. (“Crescent Park”) solely to provide general background information about Crescent Park and, with respect to certain recipients, to determine your level of interest in the funds managed by Crescent Park (the “Crescent Park Funds”). The information is provided for informational purposes only. The statements herein are made as of its date and are subject to change at any time at Crescent Park’s sole discretion. Crescent Park is under no obligation to revise or update any statements herein for any reason or to notify you of any such change, revisions or updates. This information is a summary only and is intended to be reviewed in detail with Crescent Park. Prospective investors should not rely on the information at www.crespark.com in connection with any prospective investment in any Crescent Park Fund.

The information contained at www.crespark.com does not constitute an offer to sell any securities in the Crescent Park Funds. Such an offer may only be made after you have received a Confidential Offering Circular or Private Offering Memorandum for the applicable Crescent Park Fund (the “Offering Documents”) and have had the opportunity to discuss all matters concerning any prospective investment that you desire. The web-site does not provide all information material to your decision to invest in any Crescent Park Fund, including but not limited to, risk factors. All of the information provided herein is subject to and qualified in its entirety by reference to the terms and conditions described in the applicable Offering Document. Before you make an investment in a Crescent Park Fund, you should carefully and thoroughly review the applicable Offering Document with your financial, legal and tax advisors to determine whether an investment is suitable for you. You should not construe any of the statements here as investment advice. Crescent Park is not acting as an investment adviser or otherwise making any recommendation as to any investor’s decision to invest in a Crescent Park Fund.

While many of the thoughts expressed herein are stated in a factual manner, the discussion reflects only the beliefs of Crescent Park about the securities markets in which it expects to invest the Crescent Park Funds’ assets. The investment objectives and methods described here represent Crescent Park’s current focus and intentions. Depending on conditions and trends in securities markets and the economy generally, Crescent Park may pursue any objective, employ any technique or purchase any type of security that it considers appropriate and in the best interest of any of the Crescent Park Funds. Crescent Park cannot assure investors that any Crescent Park Fund will achieve its investment objectives. Further, many of the investment techniques and activities described here are high-risk activities that could result in substantial losses. Specific companies or securities discussed in this web-site are meant to demonstrate Crescent Park’s general investment style and the types of industries and securities in which it might invest and are not selected based on past performance. Accordingly, for historical examples related to specific companies, it should not be assumed that we invested at any particular time or achieved any particular return.

The information provided herein regarding the future performance of any company is not investment advice and should not be construed as a recommendation to make any particular investment. Such information represents Crescent Park’s current beliefs about the company or industry as of the date hereof. These beliefs are subject to change at any time based on many factors, including the general economy and trends in securities markets, and Crescent Park is under no obligation to revise or update any statements for any reason or to notify you of any such change, revision or update.

No representation express or implied, is made as to the accuracy or completeness of any statement, assumption, estimate or projection or with respect to any other materials provided at www.crespark.com. Recommendations made in the future may not equal the performance of the securities described in the document, or even be profitable at all. While Crescent Park currently intends to engage in the type of analysis indicated in the web-site in managing its clients’ assets, its investment approach is subject to change at any time without notice.