All information provided herein is as of the date set forth above (unless otherwise specified) and is subject to modification, change or supplement in the sole discretion of HPS Investment Partners, LLC (together with certain of its affiliates, "HPS") without notice to you. This information is neither complete nor exact and is provided solely as reference material with respect to HPS Real Assets Lending Company LP (“HREAL” or the “Company”). Defined terms are as set forth within.
This website does not constitute an offering of any security, product, service or company, including HREAL, for which an offer can be made only by HREAL's Private Placement Memorandum (as amended, restated and/or supplemented from time to time, the "Memorandum"). The terms and risk factors of HREAL are set out in its Memorandum which is available to qualified prospective investors upon request. The contents hereof are qualified in their entirety by the Memorandum and subscription agreements of HREAL.
The purchase of interests in HREAL is suitable only for sophisticated investors for which an investment in HREAL does not constitute a complete investment program and who fully understand and are willing to assume the risks involved in HREAL's investment program, and are "Accredited Investors" under the Securities Act of 1933.
The interests have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws or the laws of any foreign jurisdiction. The interests will be offered and sold under the exemption provided by Section 4(a)(2) of the Securities Act and Regulation D promulgated thereunder and other exemptions of similar import in the laws of the states and other jurisdictions where the offering will be made. HREAL is a perpetually offered lending conglomerate relying on the 3(c)(6) exemption from the Investment Company Act of 1940, as amended.
The interests are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable statutes. In addition, such interests may not be sold, transferred, assigned or hypothecated, in whole or in part, except as provided in HREAL's organizational documents. Accordingly, investors should be aware that they will be required to bear the financial risks of an investment in the interests for an indefinite period of time. There is no secondary market for an investor's interests in HREAL and none is expected to develop. There is no obligation on the part of any person to register the interests under any statutes.
The performance results of certain economic indices and certain information concerning economic trends contained herein are based on or derived from information provided by independent third-party sources. HREAL believes that such information is accurate and that the sources from which it has been obtained are reliable. HREAL cannot guarantee the accuracy of such information, however, and has not independently verified the assumptions on which such information is based.
Certain information contained in this material constitutes "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "anticipate," "project," "estimate," "intend," "continue" or "believe," or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of HREAL may differ materially from those reflected or contemplated in such forward-looking statements. HREAL believes these factors include but are not limited to those described under the section entitled "Risk Factors" in its Memorandum and any such updated factors included in its periodic filings with the Securities and Exchange Commission (the "SEC") which will be accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in HREAL's Memorandum and filings. Except as otherwise required by federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
Past performance is not necessarily indicative of future results. Performance is estimated and unaudited. While this summary highlights important data, it does not purport to capture all dimensions of risk. The methodology used to aggregate and analyze data may be adjusted periodically. The results of previous analyses may differ as a result of those adjustments. HREAL is an actively managed portfolio and regional, sector and strategy allocations are subject to ongoing revision. HPS has made assumptions that it deems reasonable and used the best information available in producing calculations above.
Summary of Risk Factors
- HREAL is a series limited partnership that will acquire, originate, fund and hold Asset-Backed Financial Assets. The term "Asset-Backed Financial Assets," as used herein, refers, individually and collectively, to leases, loans, mortgages, mezzanine securities, royalties, or other obligations that are collateralized by, or payable from a stream of payments generated by, a specified pool of real, financial, or other assets. This investment involves a high degree of risk. You should only make an investment if you can afford the complete loss of your investment. You should read the prospectus carefully for a description of the risks associated with an investment in HREAL. These risks include, but are not limited to, the following:
- HREAL faces heightened risks because the Company has a limited operating history and record.
- HREAL's Asset-Backed Financial Assets may not achieve its business objectives or generate returns for shareholders of the Company (the "Shareholders").
- HREAL's ability to achieve its business objectives depends on HPS Investment Partners, LLC, the Company's manager (the "Manager"), because the Company is dependent on the Manager to source opportunities and potential investments for the Company.
- HREAL would not be able to operate its business according to its business plans if it is required to register as an investment company under the Investment Company Act of 1940.
- HREAL's limited partnership interests (the "Shares") are not registered under the Securities Act of 1933, so they are subject to heightened restrictions on transferability and resale.
- There is no market for HREAL's Shares, and Shareholders will bear the risks of owning Shares for an extended period of time due to limited redemptions.
- Shareholders will have limited liquidity and may be limited in their opportunity to have their Shares redeemed and may not receive a full return of their invested capital if they elect to have their Shares redeemed by the Company.
- There is no public trading market for the Shares; therefore, a Shareholder's ability to dispose of its Shares will likely be limited to redemption by HREAL. If a Shareholder sells its Shares to the Company, the Shareholder may receive less than the price it paid.
HREAL does not own the HPS name, but HREAL is permitted to use it as part of its corporate name pursuant to the operating agreement between HREAL and the Manager. Use of the name by other parties or the termination of the use of the HPS name under the investment advisory agreement may harm our business.
Neither the Securities and Exchange Commission (the "SEC") nor any state securities regulator has approved or disapproved of these securities or determined if this presentation is truthful or complete. Any reference to the contrary is a criminal offense.
This sales material must be read in conjunction with the HREAL prospectus in order to fully understand all the implications and risks of an investment in HREAL. This sales material is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only under HREAL's registration statement filed with the SEC and only by means of the prospectus, which must be made available to you prior to making a purchase of shares. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of HREAL before investing. A copy of the prospectus containing this and other information about HREAL can be obtained from the SEC's website at http://www.sec.gov. You are advised to obtain a copy of the prospectus and to carefully review the information contained or incorporated by reference therein before making any investment decision, including the "Risk Factors" section therein, which contains a discussion of the risks and uncertainties that HREAL believes are material to our business, operating results, prospects and financial condition. The information in the prospectus (or Statement of Additional Information) may be changed.
Limited Operating History. The Company recently commenced operations and therefore has a limited performance history upon which prospective shareholders can evaluate their performance. As a result, prospective investors have a limited track record or history on which to base their investment decision. There can be no assurance that the results achieved by similar strategies managed by HPS or its affiliates will be achieved for the Company. The Company's operating results, and in turn the performance of the Company, will depend in part upon the availability of suitable investments and the performance of its investments. Although potential investments of the Company may have been identified, not all of those investments may close, and those that close may not be representative of future investments made by the Company. There can be no assurance that any similar investment opportunities will be available or pursued by the Company in the future. Past performance should not be relied upon as an indication of future results. Moreover, the Company is subject to all of the business risks and uncertainties associated with any new business, including the risk that it will not achieve its investment objective and that the value of a shareholder's investment could decline substantially or that the shareholder will suffer a complete loss of its investment in the Company.
Forward Looking Statement Disclosure
Certain information contained in this document constitutes "forward looking statements," which can be identified by the use of forward looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue" or other similar words, or the negatives thereof. These may include HREAL's financial projections and estimates and their underlying assumptions, statements about plans, objectives and expectations with respect to future operations, and statements regarding future performance. Such forward-looking statements are inherently uncertain and there are or may be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. HREAL believes these factors include but are not limited to those described under the section entitled "Risk Factors" in its prospectus and any such updated factors included in its periodic filings with the SEC which will be accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in HREAL's prospectus and other filings.
Except as otherwise required by federal securities laws, HREAL undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
Additional Important Disclosures
This material was not created by any third party registered broker dealers or investment advisers who are distributing shares of HREAL (each a "Dealer"). The Dealers are not affiliated with HREAL and have not prepared the material or the information herein.
Investments mentioned may not be suitable for all investors. Any product discussed herein may be purchased only after an investor has carefully reviewed the prospectus and executed the subscription documents.
Alternative investments often are speculative, typically have higher fees than traditional investments, often include a high degree of risk and are suitable only for eligible, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time. They may be highly illiquid and can engage in leverage and other speculative practices that may increase volatility and risk of loss.
Opinions expressed herein reflect the current opinions of HPS as of the date set forth on the cover page (unless otherwise specified) and are based on HPS's opinions of the current market environment, which is subject to change. In addition, this material contains information about funds managed by HPS. Recipients of this material should not view information related to the past performance of HPS managed funds, information about the market, or any of the opinions expressed herein as indicative of future results, the achievement of which cannot be assured.
Shareholders, financial professionals and prospective investors should not rely solely upon the information presented when making an investment decision and should review the most recent prospectus, as supplemented, available at www.sec.gov.
Certain information contained in the materials discusses general market activity, industry or sector trends, or other broad based economic, market or political conditions and should not be construed as research or investment advice.
Further, opinions expressed herein may differ from the opinions expressed by a Dealer and/or other businesses affiliates of a Dealer. This is not a "research report" as defined by FINRA Rule 2241 and was not prepared by the research departments of a Dealer or its affiliates.
Past performance is not a guarantee of future results. Actual results may vary. Diversification of an investor's portfolio does not assure a profit or protect against loss in a declining market.
Alternative investments may involve complex tax structures, tax inefficient investing and delays in distributing important tax information. Individual funds have specific risks related to their investment programs that will vary from fund to fund. Prospective investors in HREAL should carefully read HREAL's prospectus for more information. HREAL does not provide any tax or legal advice and none of the data provided herein should be construed as investment, tax, accounting or legal advice.
Prospective investors should consult their own tax, legal and accounting advisors with respect to the tax consequences to them of investing in HREAL in light of their particular circumstances.
Interests in alternative investment products are distributed by the applicable Dealer and (1) are not FDIC insured, (2) are not deposits or other obligations of such Dealer or any of its affiliates, and (3) are not guaranteed by such Dealer and its affiliates. Each Dealer is a registered broker dealer or investment adviser, not a bank.
The contents of this website: (i) do not constitute an offer of securities or a solicitation of an offer to buy securities, (ii) offers can be made only by the respective offering documents which are available upon request, (iii) do not and cannot replace the offering documents and is qualified in its entirety by the offering documents, and (iv) may not be relied upon in making an investment decision related to any investment offering by HREAL. All potential investors must read the offering documents and no person may invest without acknowledging receipt and complete review of the offering documents. With respect to any "targeted" goals outlined herein, these do not constitute a promise of performance, nor is there any assurance that the investment objectives of any program will be attained. All investments carry the risk of loss of some or all of the principal invested. These "targeted" factors are based upon reasonable assumptions more fully outlined in the offering documents for the respective investment opportunity. Consult the offering documents for investment conditions, risk factors, minimum requirements, fees and expenses and other pertinent information with respect to any investment. Past performance is no guarantee of future results. All information is subject to change. You should always consult a tax and/or finance professional prior to investing. HREAL does not warrant the accuracy or completeness of the information contained herein.
Securities offered through HPS Securities, LLC Member: FINRA/SIPC. HPS Securities, LLC is an affiliate of HPS Investment Partners, LLC and HPS Advisors, LLC.