Terms of Use

Last Updated: December 2, 2025

Welcome to the website of Pan Capital (“Pan Capital,” “we,” “us,” or “our”). By accessing or using this website (the “Site”), you agree to be bound by these Terms of Use (the “Terms”). If you do not agree to these Terms, please do not use the Site.

These Terms govern your use of the Site only. They do not govern any investment you may make in a Pan Capital-managed fund or account, which is subject solely to the applicable fund documents and investment agreements.

1. No Offer, Solicitation, or Investment Advice

The information on this Site is provided for informational purposes only and does not constitute:

  • An offer to sell or a solicitation to buy any securities

  • Investment, tax, accounting, or legal advice

  • A recommendation to pursue any investment strategy

Any offering of interests in Pan Capital-managed funds will be made only to eligible investors through a confidential private placement memorandum and related subscription materials, which contain important information regarding risks, fees, and conflicts of interest.

Nothing on this Site should be relied upon for investment decisions.

Please consult your professional advisers before making any investment.

2. Eligibility

This Site is intended solely for:

  • U.S. persons who are accredited investors, qualified clients, or qualified purchasers

  • Non-U.S. persons who satisfy applicable local regulatory requirements

By using the Site, you represent that you meet these criteria.

3. No Performance Guarantees

Past performance is not indicative of future results.

All investments involve risk, including the possible loss of principal.

Any forward-looking statements or forecasts on the Site are based on assumptions and are subject to change. Actual results may differ materially.

4. Intellectual Property Rights

All content on the Site—including text, graphics, images, logos, data, and design—is owned by Pan Capital or licensed to us and is protected under applicable intellectual property laws.

You may not:

  • Copy, reproduce, or distribute Site content

  • Modify or create derivative works

  • Use any content for commercial purposes

  • Use any trademarks, logos, or branding without written permission

Limited personal, non-commercial use is permitted.

5. Restrictions on Use

You may not use the Site in any way that:

  • Violates any applicable law or regulation

  • Interferes with the Site’s functioning

  • Attempts to gain unauthorized access to systems, data, or accounts

  • Introduces viruses, malicious code, or harmful components

  • Impersonates any person or entity

Pan Capital reserves the right to terminate or restrict access at any time.

6. Third-Party Links

The Site may contain links to third-party websites for convenience only.

We do not control or endorse these websites and are not responsible for their content or privacy practices.

You access third-party sites at your own risk.

7. No Warranty; Limited Liability

7.1 No Warranty

The Site and its content are provided on an “as is” and “as available” basis.

Pan Capital makes no representations or warranties of any kind, express or implied, including regarding:

  • Accuracy or completeness

  • Reliability or timeliness

  • Fitness for a particular purpose

  • Security or error-free operation

7.2 Limitation of Liability

To the fullest extent permitted by law, Pan Capital shall not be liable for any:

  • Direct, indirect, special, incidental, consequential, or punitive damages

  • Losses arising from your use or inability to use the Site

  • Errors, interruptions, or security breaches

Your sole remedy for dissatisfaction with the Site is to stop using it.

8. Privacy

Your use of the Site is subject to our Privacy Policy, which describes how we collect and handle information.

By using the Site, you consent to the practices described in that policy.

9. Modifications

We may update these Terms at any time.

Changes will be posted on the Site with the updated “Last Updated” date.

Your continued use of the Site constitutes acceptance of the revised Terms.

10. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflict-of-law principles.

Any disputes arising from these Terms or your use of the Site shall be resolved exclusively in federal or state courts located in New York, NY.

11. Contact Us

If you have any questions about these Terms, please contact us at:

ir@pancapmgmt.com