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The Private investments are not appropriate for all investors. This asset class involves a high degree of risk, volatility, and illiquidity, beyond that associated with traditional asset classes. Investors should have the financial ability and willingness to accept the risks (including, among other things, the risk of loss of their entire investment and the lack of liquidity) that are characteristic of these types of investments. Investors should consider private investments a supplement, comprising a modest portion of an overall investment strategy.