Your browser is out of date.

Disclaimer

By clicking the "I Accept" button, you agree to abide by the terms and conditions listed below.

I Accept Decline

ELECTRONIC VERSIONS OF THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE BY PETERSHILL PARTNERS PLC IN GOOD FAITH AND ARE FOR INFORMATION PURPOSES ONLY.

THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY “U.S. PERSONS” (AS DEFINED IN RULE 902 OF REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS AMENDED) OR TO PERSONS LOCATED IN THE UNITED STATES OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN OR ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE NETHERLANDS, NORWAY AND SWEDEN) OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

The materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan or any member state of the European Economic Area other than the Netherlands, Norway and Sweden (the remaining member states each being a “Restricted EEA State”)  ** or in any jurisdiction in which such offers or sales are unlawful (the “Excluded Territories”). Any securities issued in connection with an offering have not been and will not be registered under the US Securities Act of 1933, as amended, or under any applicable securities laws of any state, province, territory, county or jurisdiction of the Excluded Territories. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, to U.S. persons or in or into the Excluded Territories or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of Securities in the United States.

United Kingdom

In the United Kingdom, this material is being distributed only to, and is only addressed to and directed at, “qualified investors” as defined in as defined in Regulation 2(e) of the Onshored Regulation (EU) 2017/1129, as it forms part of domestic UK law by virtue of the European Union (Withdrawal) Act 2018) (“Qualified Investors”) who are persons who have professional experience in matters relating to investments falling within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), or who are high net worth bodies corporate, unincorporated associations and partnerships or trustees of high value trusts falling within Article 49(2)(a) to (d) of the Order, and other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as “UK Relevant Persons”).  

In the United Kingdom, any investment or investment activity to which this material relates is available only to UK Relevant Persons and will only be engaged with such persons.  In the United Kingdom, persons who are not UK Relevant Persons should not view, access, act or rely on this material or any of its contents.

Netherlands

In the Netherlands, this material is being distributed only to, and is only addressed to and directed at, “qualified investors” (gekwalificeerde beleggers), as defined in section 1:1 of the Dutch Financial Supervision Act (Wet op het financieel toezicht), in accordance with section 1:13b(3) of the Dutch Financial Supervision Act. In the Netherlands, any investment or investment activity to which this material relates is available only to “qualified investors” and will only be engaged with such persons.  In the Netherlands, persons who are not “qualified investors” should not view, access, act or rely on this material or any of its contents.

Norway

In Norway, this material is being distributed only to, and is only addressed to and directed at, “professional investors” in accordance with the Norwegian Act on the Management of Alternative Investment Funds (Lov om forvaltning av alternative investeringsfond) who are “qualified investors” within the meaning of Regulation 2(e) of the Regulation (EU) 2017/1129 (all such persons together being referred to as “Norwegian Relevant Persons”). In Norway, any investment or investment activity to which this material relates is available only to Norwegian Relevant Persons and will only be engaged with such persons.  In Norway, persons who are not Norwegian Relevant Persons should not view, access, act or rely on this material or any of its contents.

Sweden

In Sweden, this material is being distributed only to, and is only addressed to and directed at, “professional investors” (professionella investerare) pursuant to a marketing licence obtained from the Swedish Financial Supervisory Authority (Finansinspektionen) in accordance with the Swedish Alternative Investment Fund Managers Act (Lag (2013:561) om förvaltare av alternativa investeringsfonder). In Sweden, any investment or investment activity to which this material relates is available only to “professional investors” and will only be engaged with such persons.  In Sweden, persons who are not “professional investors” should not view, access, act or rely on this material or any of its contents.

Switzerland

In Switzerland, this material is being distributed only to, and is only addressed to and directed at, “professional clients” as defined in article 4(3) of the Swiss Financial Services Act (Bundesgesetz über die Finanzdienstleistungen) and/or (ii) to “private clients” within the meaning of article 4(2) of the Swiss Financial Services Act who are in a long-standing investment advisory or investment management relationship with a regulated financial intermediary in accordance with article 10 (3^ter^) of the Swiss Federal Act on Collective Investment Schemes (Bundesgesetz über die kollektiven Kapitalanlagen) other than “private clients” who have declared that they should not be treated as “qualified investors” under applicable law (all such persons together being referred to as “Swiss Relevant Persons”). In Switzerland, any investment or investment activity to which this material relates is available only to Swiss Relevant Persons and will only be engaged with such persons.  In Switzerland, persons who are not Swiss Relevant Persons should not view, access, act or rely on this material or any of its contents.

If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be, released or otherwise forwarded, distributed or sent to U.S. persons or in or into the Excluded Territories or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them to U.S. persons or in, into or from the Excluded Territories.

Confirmation of understanding and acceptance of disclaimer

I warrant that I am not a U.S. person (as defined in Rule 902 of Regulation S under the US Securities Act of 1933, as amended) and I am not located in the United States and am not resident or located in Australia, Canada, Japan, any Restricted EEA State or any other jurisdiction where accessing these materials is unlawful, and I agree that I will not transmit or otherwise send any materials contained in this website to any U.S. person or to any person in the Excluded Territories or any other territory where to do so would breach applicable local law or regulation.

I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.


THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION WHERE OR TO ANY PERSON TO WHOM IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO.

Prospective investors should inform themselves as to any applicable legal requirements and taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant.

The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk. There is no guarantee that objectives will be met.

Views and opinions expressed are for informational purposes only and do not constitute a recommendation by Petershill Partners Plc or Goldman Sachs Asset Management to buy, sell, or hold any security. Views and opinions are current as of the date of this presentation and may be subject to change, they should not be construed as investment advice.

Any reference to a specific company or security does not constitute a recommendation to buy, sell, hold or directly invest in the company or its securities. It should not be assumed that investment decisions made in the future will be profitable or will equal the performance of the securities discussed in this document. Company names and logos, excluding those of Goldman Sachs and any of its affiliates, are trademarks or registered trademarks of their respective holders. Use by Goldman Sachs does not imply or suggest a sponsorship, endorsement or affiliation.

Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. We have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public sources.

Past performance does not guarantee future results, which may vary. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.

This material contains information that pertains to past performance or is the basis for previously-made discretionary investment decisions. This information should not be construed as a current recommendation, research or investment advice. It should not be assumed that any investment decisions shown will prove to be profitable, or that any investment decisions made in the future will be profitable or will equal the performance of investments discussed herein. Any mention of an investment decision is intended only to illustrate our investment approach and/or strategy, and is not indicative of the performance of our strategy as a whole. Any such illustration is not necessarily representative of other investment decisions.

This material has been prepared by Goldman Sachs Asset Management and is not financial research nor a product of Goldman Sachs Global Investment Research. It was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. The views and opinions expressed may differ from those of Goldman Sachs Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates. This information may not be current and Goldman Sachs Asset Management has no obligation to provide any updates or changes. It should not be relied upon in making an investment decision.

Goldman Sachs Asset Management leverages the resources of Goldman Sachs & Co. LLC subject to legal, internal and regulatory restrictions.

Portfolio holdings and/or allocations shown above are as of the date indicated and may not be representative of future investments. The holdings and/or allocations shown may not represent all of the portfolio's investments. Future investments may or may not be profitable.

 

© 2021 Goldman Sachs. All rights reserved.