Terms of Use

These Terms of Use are an agreement between you and the operator of AltHarbor. They govern access to altharbor.io and its subdomains, accounts, fund data, comparisons, watchlists, alerts, research commentary, downloads, and related services that link to these terms (together, the "service"). In these terms, "AltHarbor" refers to the service and its operator.

Please also read the Research Disclosures and the Privacy Policy. By accepting these terms through a presented acceptance control, creating an account, or continuing to use the service after notice of these terms, you agree to them. If you use the service for an organization, you represent that you are authorized to bind it, and "you" then includes that organization. If you do not agree, do not use the service.

You must be at least 18 years old and legally able to enter a contract. The service is currently directed to users in the United States. You may use it only where lawful and only in compliance with the professional, employer, fiduciary, regulatory, contractual, and licensing obligations that apply to you.

If your employer, client, or another organization requires approval before you use external research tools, save fund information, receive alerts, or transmit data, you are responsible for obtaining that approval. AltHarbor does not determine whether your organization permits use of the service.

AltHarbor may decline access from a jurisdiction, person, or organization where providing the service would create legal, security, sanctions, licensing, or operational risk.

AltHarbor is a research and data platform focused on semi-liquid alternative investment funds. The service collects and organizes source information from public filings and other identified sources, normalizes selected data, calculates derived metrics, compares disclosed terms, publishes education and commentary, and provides source links, monitoring, alerts, and other research tools.

AltHarbor does not offer or sell fund interests, accept investment orders, execute or facilitate any transaction, hold client assets, introduce investors for transaction-based compensation, or negotiate securities transactions.

Features, coverage, sources, data fields, methodologies, and access levels can change. AltHarbor is not required to cover every fund, preserve every historical field indefinitely, or continue any feature or alert.

The service is for general informational, educational, and research purposes. It is not:

• an offer to sell or a solicitation of an offer to buy any security;
• a recommendation to buy, sell, hold, avoid, or allocate to any fund, security, manager, or strategy;
• personalized investment advice, a suitability determination, or a fiduciary recommendation;
• a credit rating, investment rating, valuation, appraisal, fairness or solvency opinion, or guarantee;
• legal, tax, accounting, compliance, or other professional advice; or
• a substitute for current offering documents, regulatory filings, subscription materials, tax information, or your own independent diligence.

Search results, display order, comparisons, labels, derived metrics, saved funds, alerts, and AI-assisted output do not indicate that AltHarbor considers any investment appropriate for you or any client. AltHarbor does not know the facts needed to make that determination. Nothing in these terms or the service creates a fiduciary, advisory, broker-client, or other client relationship between you and AltHarbor.

You are solely responsible for your research conclusions, investment and client decisions, communications, supervision, and compliance. Before making or advising on a decision, review the fund’s current operative documents and consult qualified professionals. Nothing in the service relieves a financial professional of fiduciary, suitability, best-interest, disclosure, due-diligence, recordkeeping, or supervisory obligations.

Semi-liquid alternative investments may involve substantial risk, including loss of principal, limited or no public trading, restricted or discretionary liquidity, proration or suspension of repurchases, valuation uncertainty, leverage, credit loss, concentration, conflicts of interest, substantial fees and expenses, tax complexity, and distributions funded by return of capital or other non-income sources.

A stated repurchase or tender program is not guaranteed liquidity. A distribution rate is not yield or total return. NAV and private-asset values may depend on significant unobservable inputs and may differ materially from realizable value. Past performance does not predict future results.

Information on the service can be incomplete, delayed, estimated, amended, restated, inconsistent, or affected by extraction, normalization, and methodology choices. Pay attention to category labels, source dates, share-class identifiers, units, and footnotes. Always verify against the fund’s own filings and offering documents: if a source or later operative document conflicts with AltHarbor, the source or operative document controls.

The Research Disclosures are incorporated into these terms by reference.

You must provide accurate, current account information and keep it updated. You may not impersonate another person, create an account for someone without authority, share credentials outside your authorized use, or permit unauthorized access.

You are responsible for activity under your credentials until you notify AltHarbor of suspected compromise. Use a unique password and reasonable device security. Contact legal@altharbor.io promptly if you suspect unauthorized access to your account.

AltHarbor may require email verification, reauthentication, or other security controls, and may disable credentials or sessions reasonably believed to be compromised or misused.

Your account may include saved funds, preferences, or alert settings. Saving or monitoring a fund is a private research action, not a request for a recommendation. Account privacy and deletion are described in the Privacy Policy.

Subject to these terms, AltHarbor grants you a limited, revocable, non-exclusive, non-transferable, non-sublicensable license to access and use the service for your own research, including internal professional research and diligence by you and your firm. This replaces the personal, noncommercial-only restriction in the prior terms: you may use the service in your professional capacity and share individual findings internally within your organization as part of ordinary research work.

The license does not authorize, without a separate written license from AltHarbor:

• redistribution, resale, or sublicensing of AltHarbor data or content;
• delivery of bulk AltHarbor content to clients, or client-facing white-label or data-feed use;
• scraping, harvesting, or automated bulk extraction of the service;
• circumvention of access controls, plan limits, or technical restrictions; or
• incorporation of AltHarbor data into another product or service.

Downloads and exports are dated snapshots and remain subject to the included source, methodology, and use restrictions. You must not remove or obscure provenance, copyright, trademark, or risk disclosures. No license is granted to third-party source materials beyond the rights the applicable owner or law provides.

You must comply with the Acceptable Use Policy, which is incorporated into these terms by reference. Among other things, you may not:

• bypass a password gate, authentication control, plan limit, rate limit, robots instruction, or other technical restriction;
• access the service through automated means except as expressly authorized in writing;
• use the service or its output to build, train, or improve a competing database, benchmark, research product, or machine-learning model;
• misrepresent a derived or estimated value as fund-reported, or imply AltHarbor endorsement of your conclusions;
• use the service to make an unlawful, deceptive, or misleading securities communication;
• upload or transmit malware, personal data you lack authority to share, confidential information, or material nonpublic information;
• probe or disrupt security or another user’s account; or
• use fund, manager, or AltHarbor names or marks in a way likely to confuse affiliation, endorsement, or sponsorship.

Uses protected by law, such as lawful interoperability, security research, quotation, or criticism, are not restricted beyond what applicable law permits.

AltHarbor labels data by status. Reported means the value was located in the identified source; it does not mean AltHarbor independently audited or verified it. Normalized means source information was transformed under an AltHarbor method. Derived means the value was calculated by AltHarbor. Estimated means assumptions or incomplete inputs apply. Editorial commentary reflects AltHarbor’s research interpretation as of a stated date.

AltHarbor may use automation and AI assistance to extract, classify, map, compare, or summarize source information, with human review for selected items. Both machine and human processes can make mistakes. The linked source is the evidence; an AI-assisted statement is not a substitute for it, and is not a recommendation, prediction, or professional conclusion.

AltHarbor makes no warranty as to the completeness, accuracy, or timeliness of any data on the service, in any status category.

Alerts, digests, and emails are informational. They may be delayed, interrupted, incomplete, duplicated, or discontinued, and may not identify every material filing, amendment, deadline, repurchase event, or change. They are not a monitoring service you should rely on to satisfy any legal, fiduciary, contractual, or client obligation.

You remain responsible for monitoring official sources. Marketing messages include an unsubscribe mechanism; account, security, and requested-service messages may still be sent where appropriate.

Download and export rights are feature- and plan-specific. You may not exceed documented rate or volume limits, circumvent field restrictions, reconstruct a prohibited dataset, or provide your access to an unlicensed party.

Every export remains subject to its provenance, methodology version, source date, third-party rights, and the use restrictions in these terms. You are responsible for refreshing stale data and ensuring that anyone you share permitted excerpts with receives the material qualifications. Third-party data may be excluded from exports or subject to separate provider terms.

The service links to and relies on third-party filings, documents, websites, data, and services. AltHarbor does not control and is not responsible for a third party’s content, terms, privacy, security, availability, or amendments. A citation or link does not indicate endorsement or affiliation.

Third-party source materials retain their owners’ rights. Your use of an external site or dataset may be governed by separate terms, and AltHarbor grants no rights in a third party’s logos, fund documents, benchmarks, or other protected material merely because the service references them.

The service, including AltHarbor’s original software, interface, research commentary, methodology, taxonomy, field definitions, visualizations, and original selection and arrangement of data, is owned by the operator of AltHarbor or its licensors and protected to the extent provided by law. AltHarbor claims rights only in its original expression, selection, and arrangement; it does not claim copyright in underlying facts or in third-party materials.

Fund, manager, source, and provider marks belong to their owners. No right to use any mark is granted except as necessary to identify a permitted excerpt with required attribution.

If you provide general feedback about the service, you grant AltHarbor a perpetual, worldwide, royalty-free right to use it without identifying you. Do not label feedback confidential. This does not transfer ownership of a source document or your personal information.

Rights concerns should be sent to legal@altharbor.io.

A fund, issuer, manager, adviser, sponsor, or service provider that submits data, corrections, documents, or comments does so without any guarantee of coverage, correction, publication, prominence, or favorable treatment. AltHarbor may verify, reject, annotate, or independently describe any submission.

Do not submit material nonpublic information, investor information, or material subject to confidentiality or third-party restrictions. Any compensation, sponsorship, or other material relationship must be disclosed in writing before submission.

The Privacy Policy explains how AltHarbor handles personal information and is incorporated into these terms by reference.

The service is currently in a password-gated beta. Beta, preview, or experimental features may contain more errors, change without notice, or be withdrawn. Do not rely on a beta feature for production, regulatory, client-reporting, or time-sensitive use.

AltHarbor may add, change, limit, or discontinue features, sources, methodologies, or coverage at any time, and does not promise uninterrupted or error-free availability.

You may stop using the service at any time and may request account deletion as described in the Privacy Policy.

AltHarbor may suspend or terminate access if it reasonably believes you breached these terms, created security or legal risk, infringed rights, or used the service in a way that could harm AltHarbor, a user, or a third party. Where appropriate and lawful, AltHarbor will provide notice and a reasonable opportunity to cure; it may act immediately for security incidents, fraud, unlawful conduct, or material data misuse.

Upon termination the license ends. Provisions concerning ownership, use restrictions, disclaimers, liability limits, and other terms that by their nature should survive will survive.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICE AND ALL CONTENT, DATA, ALERTS, DOWNLOADS, AND OUTPUT ARE PROVIDED "AS IS" AND "AS AVAILABLE." ALTHARBOR AND ITS LICENSORS DISCLAIM ALL EXPRESS, IMPLIED, AND STATUTORY WARRANTIES, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ACCURACY, COMPLETENESS, TIMELINESS, AVAILABILITY, AND RESULTS. ALTHARBOR DOES NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, SECURE, ERROR-FREE, OR SUITABLE FOR ANY REGULATORY, CLIENT, INVESTMENT, OR TRANSACTION DECISION.

Nothing in these terms excludes a warranty or right that cannot lawfully be excluded, excuses a false or misleading statement, or eliminates a duty imposed by law.

To the maximum extent permitted by applicable law, AltHarbor and its licensors are not liable for indirect, incidental, special, consequential, exemplary, or punitive damages, or for lost profits, revenue, data, goodwill, or investment opportunity, arising out of or relating to the service, even if advised of the possibility. AltHarbor is not liable for any investment, client, tax, reporting, or compliance decision made in reliance on the service.

To the maximum extent permitted by applicable law, the total aggregate liability of AltHarbor and its licensors for all claims arising out of or relating to the service is limited to the amounts you paid AltHarbor for the service in the twelve months preceding the claim, or 100 US dollars if you have paid nothing.

These limitations do not apply to liability that cannot lawfully be limited, and nothing in this section limits rights you hold under non-waivable consumer-protection law.

To the extent permitted by applicable law, you will indemnify the operator of AltHarbor against third-party claims arising from your unlawful use of the service; unauthorized redistribution or client-facing republication of AltHarbor content; breach of the data, account, or access restrictions in these terms; a submission you lacked authority to provide; or a misleading statement that attributes your own conclusion to AltHarbor.

This obligation does not extend to claims caused by AltHarbor’s own conduct to the extent applicable law so requires.

Disputes arising out of or relating to these terms or the service are governed by applicable United States federal and state law.

A specific governing-law and dispute-resolution provision, selected with counsel, will be published in a future version of these terms with notice. This version deliberately does not include an arbitration clause, class-action waiver, jury-trial waiver, or a specific governing-law state.

The liability limitations and cap in the Limitation of liability section are a conservative default and remain subject to counsel review; any change will be published as a new version of these terms.

Nothing in these terms waives rights that cannot lawfully be waived.

AltHarbor may update these terms. Each revision is published as a new dated version with its effective date, and prior versions remain available from this page. If a change is material, AltHarbor will provide reasonable notice through the service or account email, and where renewed assent is needed will require affirmative reacceptance before continued account use, preserving the accepted version and timestamp. Mere posting will not be the only notice for a material change that requires affirmative agreement.

Changes do not retroactively alter an accrued payment or dispute unless you validly agree and applicable law permits.

• Assignment. You may not assign these terms or transfer an account without AltHarbor’s written consent. AltHarbor may assign these terms in connection with a merger, reorganization, or sale of assets, or by operation of law.
• Notices. Legal notices to AltHarbor must be sent to legal@altharbor.io. AltHarbor may send notices to your account email or through the service, subject to applicable law.
• Electronic records. You consent to receive contract records electronically and may retain these terms by printing or saving them.
• No waiver. A failure to enforce a provision is not a waiver of it.
• Severability. If a provision is unenforceable, the remaining provisions remain effective, and the provision will be enforced to the lawful extent.
• Entire agreement. These terms and the policies they incorporate are the entire agreement between you and AltHarbor concerning the service, and supersede the prior Terms of Use.
• No third-party beneficiaries. These terms do not create rights for any other person except as expressly stated.
• Force majeure. AltHarbor is not responsible for delay or failure caused by events outside its reasonable control, subject to non-waivable rights.
• Relationship. These terms do not create a partnership, agency, employment, fiduciary, broker-client, or advisory relationship between you and AltHarbor.

In these terms, "AltHarbor" refers to the service and its operator. The operating entity’s exact legal name, form, and address will be published in this section once verified, in a new version of these terms with notice.

Legal notices and questions: legal@altharbor.io.