The name “Macquarie” in this document refers to the Macquarie Group, which comprises Macquarie Group Limited ABN 94 122 169 279 and its worldwide affiliates. Macquarie Group comprises two separate subgroups, a banking group (including Macquarie Bank Limited ABN 46 008 583 542) and a non-banking group, which includes Macquarie Asset Management (“MAM”), a full-service fund manager. MAM provides asset management services worldwide, specialising in equities, fixed income, multi-asset, infrastructure and renewables, real estate, agriculture, transportation finance and private credit via public and private funds, co-investments, partnerships and separately managed accounts.
This document provides general information in respect of Macquarie’s businesses and is not for distribution or to be made available to the public. This document does not constitute an offer to sell or a solicitation of an offer to subscribe or purchase or a recommendation of any securities and may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. This document does not contain all the information necessary to fully evaluate the potential of an investment in any fund or other investment vehicle and does not take into account the investment objectives or financial circumstances of the recipient and, as such, no reliance should be placed on its contents. No person is authorised to give any information or to make any representation not contained in this document in connection with the matters described in this document, and, if given or made, such information or representation may not be relied upon as having been authorised.
This document and its contents are confidential to the person to whom it is delivered and must not be reproduced or distributed, either in whole or in part, nor may its contents be divulged by such persons to any other person without the prior written consent of MAM. Nothing in this document constitutes a commitment from Macquarie to provide or arrange any facility or is otherwise imposing any obligation on Macquarie. Past performance is not an indication of future performance and Macquarie does not guarantee the performance of or return of capital from any investment in any fund or other investment vehicle.
Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this document is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk, including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.
MAM has prepared this document on the basis of sources believed to be reliable. The accuracy of such information (including all assumptions) has been relied upon by MAM and has not been independently verified by MAM. Nothing in this document constitutes accounting, legal, regulatory, tax or other advice. Prospective investors should conduct their own independent investigation and assessment and should seek independent advice as to the validity of the information contained in this document, and the economic, financial, regulatory, legal, taxation, stamp duty and accounting implications of that information, including the merits of and any risks relating to any investment. Except as required by law, Macquarie and its respective directors, officers, employees, agents and consultants make no representation or warranty as to the accuracy or completeness of the information contained in this document and take no responsibility under any circumstances for any loss or damage suffered as a result of any omission, inadequacy, or inaccuracy in this document.
This document may contain certain forward-looking statements, forecasts, estimates, projections and opinions (“Forward Statements”). No representation is made or will be made that any Forward Statements will be achieved or will prove to be correct. Forward Statements are based on a range of assumptions, which may be affected by various factors and risks. Should one or more risks or uncertainties materialise, or should any underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. There can be no assurance that the investment strategy or objective of any fund or other investment vehicle will be achieved or that investors will receive a return of the amount invested. Investment in any fund or other investment vehicle is subject to significant risks of loss of income and capital.
Advice warning
The information in this report is given in good faith and derived from sources believed to be accurate at this date but no warranty of accuracy or reliability is given and no responsibility arising in any other way, including by reason of negligence for errors or omission herein, is accepted. The information in this report is provided for general information purposes only and is not, and should not be construed as, an advertisement, an invitation, an offer, a solicitation of an offer or a recommendation to participate in any investment strategy or take any other action, including to buy or sell any product offered by any member of the Macquarie Group. The above information is not personal advice and does not take into account the investment objectives, financial situation and particular needs of any person. Investors should consider the offer document of a fund in deciding whether to acquire or continue to hold units in a fund. The offer documents for public markets funds are available by contacting us on 1800 814 523. The entities mentioned in this report, the Manager, Macquarie Group Limited and their worldwide affiliates and subsidiaries (the “Macquarie Group”) accept no liability whatsoever (whether based in contract, tort, strict liability or otherwise) for any direct, indirect, consequential or other loss arising from any use of or reliance on this report and/or further communication in relation it. Opinions expressed are subject to change without notice. Past performance of any product described in this report is not a reliable indication of future performance. There can be no assurance that any of the results or outcomes referred to in this document will be achieved or replicated. or replicated.
Use of data
In preparing this document, MAM has used a variety of data sources, including data it has gathered itself directly from investee companies and/or publicly available sources, and data provided by third-party data providers. Any data source used may not be comprehensive, may use estimations or may involve a qualitative assessment, for example by a third-party data provider. Further, there may be discrepancies between data sources, as well as data gaps, lags or limitations in the methodology for a particular data source. Divergent ESG-related views, approaches, methodologies and disclosure standards exist in the market, including among data providers, with respect to the identification, assessment, disclosure or determination of “ESG” factors, indicators or adverse impacts associated with an investment, product or asset, and different persons may consider or treat the same investment, product, asset, targets, actions or the like, differently from a sustainability perspective. Data provided by a third party may also be subject to change. MAM has taken reasonable steps to mitigate the risks associated with any data limitations but does not make any representation or warranty as to the completeness or accuracy of any third-party data (whether actual or estimated), or of any other data that is disclosed in this document.
