This Privacy Notice sets forth our policies with respect to nonpublic personal information of Investors, prospective Investors and former Investors.

In ongoing dealings with you, Michael J. Liccar & Company (“Liccar”) may obtain non-public personal information about you. This information may include your name, address, telephone number, e-mail address, taxpayer identification number, account number, transaction history and other personal information. Liccar may collect different types of information about you in a variety of ways, including:

Information it receives from your Subscription Agreement, from other forms and questionnaires or otherwise in the course of establishing an investor relationship.

Information about your transactions with the Fund, its affiliates or others, such as your investment and redemption history.

Liccar uses this information for internal administration and analytical purposes only. Liccar does not disclose any non-public personal information about the Fund’s investors or former investors to any nonaffiliated parties, except to third party service providers who assist in the operation of its business or as permitted or required by law or at your request or with your consent. Liccar restricts access to non-public personal information about you to those employees, agents or other parties who need to know that information to provide services to you. Liccar maintains physical, electronic and procedural safeguards to guard your non-public personal information. Liccar’s privacy policy covers all individuals who are investors in the Fund, who have been investors in the Fund or who are considering an investment in the Fund.

For the limited purposes outlined above, Liccar may disseminate non-public, personal information concerning you internally. However, Liccar will use reasonable best efforts to ensure that your information is treated in accordance with this Privacy Notice.

BY DISCLOSING YOUR PERSONAL INFORMATION TO LICCAR, YOU CONSENT TO THE COLLECTION, STORAGE AND PROCESSING OF YOUR PERSONAL INFORMATION BY LICCAR IN A MANNER CONSISTENT WITH THIS PRIVACY NOTICE.

This website uses “cookies,” which may automatically collect certain information and data. “Cookies” are small pieces of data sent to your computer browser from our web server and stored on your computer’s hard drive. The data identifies you as a unique user and facilitates your ongoing access to and use of this website. Cookies also help us diagnose problems with our server.

Liccar reserves the right to change, modify, add, or remove portions of this Privacy Notice at any time for any reason. Such changes shall be effective immediately upon posting. We suggest that you review this notice periodically for changes. You acknowledge that by accessing our website you are agreeing to the terms of the Privacy Notice as modified.

If you have any questions about this Privacy Notice, please contact us.