Policies and Notices
Important Disclosures
This website ("Website") is owned and operated by Sandbrook Capital Management LP (collectively with its affiliates, "Sandbrook"). You may use this Website only if you agree, without modification, to these Terms and Conditions of use ("Terms"). Please read the Terms carefully. If you do not agree to these Terms, you must leave the Website.
This Website includes references to the investment experience of the principals of Sandbrook prior to Sandbrook's founding. More information about this prior experience is available upon request from Sandbrook and references on this Website are intended solely to provide background information as to Sandbrook's investment strategy and view of the market segments upon which Sandbrook focuses. Past performance of the principals, any other investment adviser, vehicle or account is not necessarily indicative of future performance of Sandbrook or any other party. This Website is not intended as advertising with respect to any investment vehicle or account, which will only be offered pursuant to the confidential offering and governing documents relating thereto.
By accessing this Website, you signify your understanding and acceptance of our Terms. You may use your browser to download or print out a copy of these Terms for your records.
The information provided on this Website or in any communication containing a link to this Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or that would subject Sandbrook to any registration requirement within such jurisdiction or country that is not already effective. Neither this information nor any opinion contained on this Website constitutes a solicitation, recommendation or offer by Sandbrook to buy or sell any securities or other financial instruments or provide any investment advice or service. Except as expressly authorized herein you may not reproduce, transmit, sell, display, distribute, publish, broadcast, circulate, modify, disseminate, or commercially exploit any information on this Website. The information is not intended for any recipient present or residing in any jurisdiction in which the disclosure of such information is regulated or unlawful. The dissemination of this information in any jurisdiction outside the United States may be required to be accompanied by additional disclosures which shall be deemed to be incorporated herein by reference and be considered an integral part of the information.
The information included on this Website may be subject to various requirements or limitations relating to their use or include various disclosures relating to the information therein which should each be reviewed carefully prior to your review of such information.
Disclaimer of Warranty and Limitation of Liability
The information on this Website is provided "as is." Sandbrook does not warrant the accuracy or completeness of the information provided herein, or on any site accessed from this Website through a hypertext link, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. Sandbrook shall not be responsible for any loss or damage that results from interception by third parties of any information made available to you via this Website. Although the information provided to you on this Website is obtained or compiled from sources we believe to be reliable, Sandbrook cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose. It should be noted that Sandbrook believes the information to be accurate but only as of the date(s) noted herein. Sandbrook also makes no guarantee as to the accuracy, validity, timeliness, or completeness of any information on any site to which you gain access through a hypertext or other link from this website.
Neither Sandbrook nor any of its members, officers or employees, or any third party vendor, will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this Website, or that results from the act or omission of any other party involved in making or maintaining this Website or the data contained herein available to you, or from any other cause relating to your access to, inability to access, or use of the Website or any materials included on this Website, whether or not the circumstances giving rise to such cause may have been within the control of Sandbrook or of a vendor providing software or services support. Sandbrook and its members, officers, employees, and third party vendors also shall have no liability or responsibility of any kind for any loss or damage that you incur as a result of any information contained on any Web pages or site maintained by any third party that you access through a hypertext link or the client log-in screen of this Website. In no event shall Sandbrook or any such parties be liable to you for any direct, special, indirect, consequential, or incidental damages or any other damages of any kind even if Sandbrook or any other party has been advised of the possibility thereof.
Modification of Website
Sandbrook reserves the right, at its discretion, to change these Terms and the contents of this Website at any time and without notice. We suggest that you review these Terms periodically for changes. The Terms can be accessed from links on the home page and other pages of the Website. If you use this Website after we post changes to these Terms, you accept the changed terms. Sandbrook may also offer other services from time to time that are governed by different terms and conditions.
Monitoring of Website
Sandbrook expressly reserves the right to monitor any and all use of this Website. Sandbrook is under no obligation to do so and assumes no responsibility or liability arising from the use of this Website.
Privacy and Security
All personal information Sandbrook collects about you on this Website is subject to our Privacy Policy. You may not use this Website to collect or harvest personal information about other persons or otherwise use the Website in a manner that is inconsistent with their privacy or personal data protection rights.
Indemnification
As a condition of use of this Website, you agree to indemnify Sandbrook from and against any and all actions, claims, losses, damages, liabilities and expenses (including reasonable attorneys' fees) arising from your use of this Website, including without limitation any claims alleging facts that if true would constitute a breach by you of these Terms and Conditions.
Security and Confidentiality of User IDs
Any user identification and password (hereinafter together referred to as "User ID") that have been provided to you by Sandbrook are for your exclusive use only. By accepting your User ID you agree to protect the confidentiality and security of your User ID and of the Website and its contents and that such information will only be communicated within your organization to properly authorized employees and agents, where applicable. Sandbrook is not responsible for any damages or losses resulting from any breach of security caused by your failure to maintain the confidentiality of your User ID. You agree to notify Sandbrook immediately in the event of loss or theft of any or all of your User ID, or if you believe the confidentiality of any or all of your User ID has been compromised in any way, or in the event of your learning about a possible or actual unauthorized use of your User ID. Sandbrook reserves the right to suspend or terminate your access to the Website at any time, without prior notice.
Confidentiality of Information
The information contained in the Website is confidential, sensitive and proprietary and is intended solely for the information of the person to whom it has been provided. It is not to be reproduced, or transmitted, in whole or in part, to third parties. You agree to be bound by the confidentiality provisions hereof. Upon our request, you will as soon as practicable return all information to us and represent in writing to us that you have destroyed all copies of the information.
Linked Sites
You may access from this Website, by means of the client log-in screen, Web pages hosted by Sandbrook that provide you with information concerning your account and investments, as well as other Web sites hosted by third parties. Should you leave this Website via the client login screen or another link contained herein, you do so at your own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by Sandbrook. Sandbrook is not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided by Sandbrook or any other third party on external Web pages or sites, whether such damages or losses are actual, alleged, consequential or punitive. Links to third party hosted Web sites shall not constitute an endorsement of, or representation or warranty by Sandbrook regarding the content, products, services or the operators of such Web sites. Your access to and use of such linked Web sites is governed by the terms of use and privacy policies of those sites, and shall be at your own risk. Sandbrook disclaims responsibility for the privacy policies and customer information practices of third-party internet Web sites hyperlinked from our Web site.
Copyright or Other Notices
All copyrights and intellectual property rights to materials on the Website belong to or are licensed to Sandbrook. If you download any information from this Website, you agree that you will not copy it or remove or obscure any copyright or other notices or legends contained in any such information.
Jurisdiction, Governing Law and Severability
Users of this Web site shall be bound by all applicable Federal laws of the United States of America and the laws of the State of Delaware.
The appropriate Delaware Federal or State court shall have exclusive jurisdiction for any action or dispute arising out of this agreement or website. If any of these Terms is held invalid or unenforceable, that part will be deemed modified as necessary to make it effective, and the remaining provisions of these Terms will remain in effect. This website is not directed at persons located at jurisdictions outside the United States in which the distribution of this information would require registration or licensing not currently held by Sandbrook. Persons accessing this website from outside the United States do so at their own initiative and are solely responsible for compliance with applicable local laws and regulations.
Regulatory Disclosures
Sandbrook does not solicit or make its services available to the public. The content provided on or through the Website may include information regarding past and/or present portfolio companies and/or investments managed by Sandbrook, its affiliates and/or its personnel. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Further, references to past and present portfolio companies or investments should not be construed as a recommendation of any particular investment or security. Current and previous portfolio companies and/or investments listed on the Website are not to be considered a complete list of all investments historically made by Sandbrook. The investments listed should not be assumed to have been profitable. Any past performance information on the Website is not necessarily indicative, or a guarantee, of future results. Any performance information referenced on this website is provided for illustrative and informational purposes only. Actual investor returns will vary based on timing of investment, fees, expenses and other factors.
Regulatory assets under management ("RAUM") figures referenced on this website are calculated in accordance with the SEC's definition as reported on Sandbrook's Form ADV Part 1, Item 5. RAUM includes committed but uncalled capital. RAUM figures are unaudited and subject to change without notice. Capacity figures (GW) represent estimated installed or contracted capacity across the portfolio and include assets under construction. Project counts include active, development-stage and co-invested assets. All statistics referenced on this website are as of the date indicated and may not reflect subsequent changes to the portfolio.
Certain information contained on the Website constitutes "forward-looking statements." All forward-looking statements represent only the intent and belief of Sandbrook as of the date such statements were made. None of Sandbrook or any of its affiliates (i) assumes any responsibility for the accuracy and completeness of any forward-looking statements or (ii) undertakes any obligation to disseminate any updates or revisions to any forward-looking statement contained on the Website to reflect any change in their expectation with regard thereto or any change in events, conditions or circumstances on which such statement is based. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements.
Certain statements about Sandbrook made by portfolio company executives herein are intended to illustrate Sandbrook's business relationship with such persons, including with respect to Sandbrook's facilities as a business partner, rather than Sandbrook's capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Sandbrook-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.
SEC Registration
Sandbrook is registered as an investment adviser with the U.S. Securities and Exchange Commission ("SEC") under the Investment Advisers Act of 1940, as amended. Registration with the SEC does not imply a certain level of skill or training. Additional information about Sandbrook, including its Form ADV, is available on the SEC's Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov.
Third-Party Awards and Rankings
From time to time this website references awards, rankings or recognitions granted to Sandbrook by third parties. Such references identify the name of the granting organization and, where applicable, disclose whether Sandbrook paid any fee in connection with the award. Third-party awards and rankings are based on criteria determined solely by the granting organization, which may differ materially from criteria relevant to prospective investors. Such awards and rankings are not indicative of Sandbrook's future performance and do not constitute an endorsement of Sandbrook's investment advisory services by the granting organization, any regulatory authority, or any government body.
Environmental, Social And Governance ("ESG") Matters
ESG goals are aspirational and not guarantees or promises that all goals will be met, and there are distinctions and regional variations in the meaning and use of this term. There is no guarantee that Sandbrook or any of its portfolio companies will have or create a positive ESG impact, that consideration of ESG factors will enhance long-term value and financial returns for investors, or that ESG performance of Sandbrook will align with your or any investor's ESG goals.
Sandbrook is a signatory to the UN-supported Principles for Responsible Investment ("PRI") and a member firm supporting the ESG Data Convergence Initiative. In addition, the firm leverages the Partnership for Carbon Accounting Financials ("PCAF") principles. References to the Sustainable Development Goals ("SDGs") reflect the firm's intended contributions. No independent firm has assessed or verified the firm's alignment with any SDG. All ESG-related disclosures and commitments are aspirational and subject to change as regulatory standards, measurement methodologies, and market practices evolve.
Avoided emissions per year represents an estimate across Sandbrook Capital's portfolio calculated using an internal methodology. These figures are estimates and have not been independently verified.
Other
Operating Partners are senior industry executives who work closely with Sandbrook's portfolio companies to support operational improvement and value creation. Operating Partners are not employees of Sandbrook, and their involvement varies by engagement. Advisory Board members provide strategic guidance to the firm; they are not employees of Sandbrook.
Privacy Policies
In addition to these Terms of Use, your use of and access to the Website is also subject to our Website Privacy Policy (the "Privacy Policy") and our California Website Privacy Policy (the "California Privacy Policy"), which are incorporated by reference herein, as applicable. Our Privacy Policy and our California Privacy Policy contain additional terms relating to our potential collection, use and disclosure of your personal information, as applicable. You agree that you have read, agreed to and understand our Privacy Policy and our California Privacy Policy, as applicable.