The document is a confidential private placement memorandum for the Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. It outlines the risks associated with the fund, including the use of leverage, competitive nature of the investment environment, and dependence on the fund manager and key personnel. The memorandum emphasizes the potential for increased risk due to borrowing, the competitive landscape for investment opportunities, and the reliance on the manager's ability to identify and secure suitable investments. It also notes that past performance is not indicative of future results and that investors have no control over the fund's operations.
documents/EFTA01451990.pdf
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