This Disclaimer applies to all information, documents, presentations, and communications produced by ADAVEL Fund. Nothing constitutes investment, financial, legal, or tax advice. ADAVEL is not a licensed financial advisor or broker-dealer.
ADAVEL deploys its own capital into early-stage businesses. Early-stage businesses fail at high rates, and any individual investment may not be recovered. RBF mitigates but does not eliminate this risk to the Fund's capital.
ADAVEL's equity and RBF positions in portfolio companies are illiquid and not readily transferable.
Naira depreciation, inflation, and policy changes may materially affect portfolio company performance.
Nigeria's regulatory environment for private capital is evolving. Changes may affect operations unpredictably.
ADAVEL is at pilot stage. There is no completed investment cycle track record. Projections are illustrative only.
3–5 portfolio companies means limited diversification. Poor performance by any single company could significantly affect fund returns.
Operations depend significantly on the founding team. Loss of key personnel could affect fund management.
Documents contain projections, return scenarios, and estimates that are inherently uncertain. Expressions like "expects", "targets", "anticipates" identify forward-looking statements. Actual results may differ materially. ADAVEL has no obligation to update these statements.
Statistics from PwC, TLP Advisory, Mo Ibrahim Foundation, and others are believed reliable but not independently verified. Market size estimates are approximations.
Application submission does not guarantee investment. ADAVEL reserves the right to decline any application, vary terms, or close the fund at any time.
ADAVEL Fund is a trademark of ADAVEL PARTNERS LTD., which is a duly registered Nigerian company. It is not registered with the Securities and Exchange Commission (SEC) of Nigeria as a collective investment scheme. ADAVEL does not solicit capital from the public or from institutional investors — the capital ADAVEL deploys is its own, sourced privately from its founders and their closely-held associates, not raised through a public offering. This is a factual description of ADAVEL's funding structure, not a legal determination of regulatory status, and this position could change if ADAVEL's fundraising approach changes.
All ADAVEL documents are confidential and intended solely for the named recipient. Do not reproduce or distribute without written consent. If received in error, contact management@adavelfund.com.
Governed by the laws of the Federal Republic of Nigeria. Disputes subject to the exclusive jurisdiction of Lagos State courts.
By accessing any ADAVEL Fund document, platform, or service, you acknowledge that you have read, understood, and agreed to this Investment Disclaimer.
ADAVEL Fund · management@adavelfund.com · adavelfund.com · Lagos, Nigeria