This presentation of Argosy Strategic Partners (this “Presentation”) is strictly confidential and may not be published, distributed or reproduced, or its contents disclosed, even in part without the prior written consent of Argosy Strategic Partners. This Presentation is being provided to you because Argosy Strategic Partners has reason to believe that you meet certain legal criteria. By accepting delivery of this Presentation, you agree to the foregoing.
This Presentation is an overview of Argosy Strategic Partners (“ASP”) and includes summary information regarding certain of the private investment funds and other investment pools managed by Argosy Strategic Partners affiliates (“ASP Funds”). All performance and other information contained herein is as of December 31, 2024, unless otherwise indicated or the context otherwise requires.
Any information in this document related to past performance of any ASP Fund or other investments managed by affiliates of ASP should not be relied upon as an indicator or guaranty of the future investment performance of any Argosy Strategic Partners present or future investment vehicle. Any projections of future performance in this document are based on a number of assumptions and Argosy Strategic Partners and the ASP Funds’ actual performance may differ significantly from projected performance.
This Presentation does not constitute an offering of securities in any ASP Fund. Interests in ASP Funds may be offered only by means of a confidential private placement memorandum or similar disclosure document (the “Memorandum”), to be distributed to prospective investors in ASP Funds, that provides a more complete assessment of investing in the securities offered in such funds, accounts or vehicles, including the risks associated with such investment.
You should not construe the contents of this Presentation as an investment recommendation or legal, tax, accounting, investment or other advice. Each prospective investor in any Argosy Strategic Partners investment vehicle should make its own inquiries and consult its advisors as the legal, tax, financial and other relevant matters concerning an investment in an Argosy Strategic Partners investment vehicle.
Argosy Strategic Partners cautions investors to carefully consider the risks involved when investing in the secondary markets. Investment in ASP Funds will involve significant risks due to, among other things, the nature of investments in funds managed by ASP. Investors should review the risk factors and market commentary as described in the Memorandum before investing. No assurance can be given that the investment objectives of funds managed by ASP will be achieved or that investors in funds managed by ASP will receive a return of their capital. ASP Funds will maintain investor suitability criteria, including a minimum asset or net worth requirement, as set forth in the subscription agreement.
Certain information contained herein constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “could,” “seek,” “should,” “expect,” “anticipate,” “fully suspect,” “suspected,” “project,” “projected,” “estimate,” “goal,” “potential,” “intend,” “continue,” “appears,” “plan,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, including those set forth in the Memorandum, actual events or results or the actual performance of ASP Funds may differ materially from those reflected or contemplated in such forward-looking statements. Argosy Strategic Partners believe that such statements and information are based upon reasonable estimates and assumptions. However, forward-looking statements and information are inherently uncertain and actual events or results can and will differ from those projected. Therefore, undue reliance should not be placed on such forward-looking statements and information.
Notwithstanding anything herein to the contrary, each recipient of this document (and any employee, representative or other agent thereof) may disclose to any and all persons, without limitation of any kind, the United States federal income tax treatment and tax structure of funds managed by ASP or any transactions undertaken by ASP Funds, it being understood and agreed, for this purpose, the following do not constitute such tax treatment or tax structure information: (i) the name of, or any other identifying information regarding, ASP Funds or any existing or future investor (or any affiliate thereof) in ASP Funds, or any investment or transaction entered into by ASP, (ii) any performance information relating to ASP Funds or its investments or (iii) any performance or other information relating to previous funds or investments sponsored by Argosy Strategic Partners, Argosy Capital or their respective affiliates.
Certain information contained herein has been obtained from published sources and/or prepared by third parties and in certain cases has not been updated through the date hereof. While such information is believed to be reliable for the purposes used herein, none of Argosy Strategic Partners, Argosy Capital, the general partner of any of the applicable funds, or any of their respective partners, shareholders, directors, officers, employees, agents or affiliates assumes any responsibility for the accuracy of such information.
Copyright 2025. The Argosy Strategic Partners III, L.P., Argosy Strategic Partners II, L.P., Argosy Strategic Partners I, L.P., Argosy Capital and Argosy Strategic Partners logos and the products and services described herein are either trademarks or service marks and may not be copied, imitated or used, in whole or in part, without written permission. All other trademarks, product names and company names or logos mentioned herein are the property of their respective owners.
Certain Risks and Limitations of Investing in ASP
An investment in ASP entails a high degree of risk and is suitable only for sophisticated institutions or individuals for whom an investment in ASP is not a complete investment program and who fully understand and are capable of bearing the risks associated with an investment in an ASP fund. There can be no assurance that ASP’s objectives will be achieved, and investors must be prepared to bear capital losses that might result from an investment in an ASP Fund. The factors described below represent some of the materials risks and limitations that should be carefully considered prior to making a decision to invest but does not purport to be a complete numeration or explanation of the risks involved in an investment in an ASP Fund. Prospective investors should carefully consider various risk factors set forth in detail in future ASP Fund Confidential Private Placement Memorandum.
Certain Risks Particular to Secondary Investments: There is no established liquid market for secondary investments and although there has been an increasing volume of sales of secondary investments, no liquid market is expected to develop. Investments in other private funds and in companies whose securities are not quoted on an exchange or market can involve greater risks than investments in quoted companies, and that the ability of ASP, as minority investor, to influence their affairs or to protect the Fund’s position will be limited. ASP generally expects to be prohibited by contract or legal or regulatory reasons from selling or transferring its investment interests. Potential exit routes for ASP’s investments may include a sale to other investors, a buyout by the management team, a sale to a third party or an initial public offering on a capital market. However, no assurance can be given that any Investment will be able to be disposed of at a prevailing market price, and there is a risk that disposition of any investment may require a lengthy time period. In cases where ASP acquires an interest in a secondary transaction, ASP may acquire contingent liabilities of the seller of the interest including obligations to return distributions, indemnification and tax liabilities. In instances where ASP acquires a portfolio of interests from a seller on an “all or nothing” basis, certain of the interests in the portfolio may be less attractive than others and/or may result in increased transaction costs, and certain of the sponsors of such interests may be more familiar to ASP than others or may be more experienced or highly regarded than others.
Potential Lack of Diversification: ASP intends to limit the impact on financial performance of poorly performing investments by investing in funds and investments with varying underlying strategies, geographic exposures and vintages. However, there can be no assurance that such diversification will be available on terms acceptable to ASP. ASP may make a limited number of investments and therefore the performance of ASP may be adversely affected by the unfavorable performance of even a single investment. To the extent ASP investments are concentrated in particular strategies, geographies and/or vintages, ASP’s performance will be especially sensitive to developments that significantly affect those concentrations.
Competition: In identifying investments that meet ASP’s investment objectives, ASP may encounter competition from numerous types of secondary or other private market investors, some of which may have substantially greater financial and other resources than ASP, higher risk tolerances, different risk assessments or lower return thresholds. Competition generally may increase the bargaining power of sellers while the competition for investments may have the effect of increasing costs, reducing yields or making it substantially more difficult to find investments that meet ASP’s objectives.
Investment Performance: Investors have no assurance that ASP investments will yield the returns expected. ASP may not be successful in identifying assets that meet ASP’s investment criteria. Investments may not perform in accordance with expectations or original theses at underwriting.
Valuation: Many of ASP’s investments in secondary direct positions, often of venture backed companies, do not provide information on performance and ASP’s only information consists of what is publicly available. Our valuation of these positions are based on fundraising round valuations combined with market performance of a basket of publicly traded comparable companies. Investors have no assurance that this valuation approach reflects the ultimate exit value for these positions. Additionally, our valuation of our secondary fund positions is generally based on the valuation provided by the ASP Fund via a capital account statement. ASP receives limited information on the underlying portfolio positions and therefore must rely on the ASP Fund’s valuation methodologies.
Passive Management: ASP does not actively manage any of its underlying investments and therefore has little to no control over the future performance post investment and must rely on the ASP Fund and/or other active managers to enhance the value of the underlying assets.
Turbulent Market Circumstances: Market and economic conditions during past years caused significant disruption in the financial markets and economy. Concerns about the availability and cost of credit, global economic conditions, and the systemic impact of inflation or deflation, energy costs and geopolitical issues contributed to increased market volatility and diminished expectations for the U.S. economy. Turbulence in the financial markets and economy may materially adversely affect the performance and other results of operations of ASP and its investments, and these conditions may not improve in the near future and may worsen.