*The target returns shown are based on projected or target return information and underwriting models received from the underlying investment sponsors. The Net IRR represents the net returns to common equity investors investing directly in the sponsor’s project net of all carried interest, fees, closing costs and expenses, over the period from property acquisition, or commencement of development, until disposition. They do not represent the actual performance of any fund or account and no investor has experienced these results. Hypothetical performance results have many inherent limitations due to unforeseen circumstances and changes in underlying assumptions. No representation is being made that any investment will or is likely to achieve a performance record similar to that shown. In fact, there are frequently sharp differences between a hypothetical performance record and the actual record subsequently achieved. No representation is made as to the accuracy of the hypothetical performance or that all assumptions relating to such hypothetical performance have been considered. Assumptions and modeling components were determined based on information available as of the date hereof and Coastal assumes no responsibility to update any hypothetical performance based on a change in underlying assumptions or modeling components. Actual events are difficult to predict and are beyond the control of Coastal and may be materially different from those assumed.


Investors in Coastal funds will pay additional fees and expenses not represented by the target returns shown. The target returns shown do not reflect typical management fees, carried interest and expenses for an investment product offered by Coastal, which commonly include a one-time 2.5% organizational and administration fee, a 1% annual management fee, and a 23.5% carried interest. Investors in a Coastal fund will not receive the target returns shown above and investment returns will be lower and possibly substantially lower. There is no certainty or representation made that any investment product or account’s performances will be or would have been similar to the hypothetical performance provided. The use of hypothetical performance is provided solely for informational purposes and should not serve as the basis for a determination to invest in any investment product or account.
This material is not an offer to sell or a solicitation to buy any securities. Any offer to invest shall be made only through definitive offering documents, subscription materials, and other applicable legal documentation in accordance with federal and applicable state securities laws. Investments involve a high degree of risk, including the possible loss of principal, and investors should not invest unless they can sustain the loss of their entire investment. Past performance is not indicative of future results. Certain information contained herein has been obtained from third-party sources believed to be reliable but has not been independently verified by Coastal, and no representation or warranty is made as to its accuracy or completeness. Investment opportunities are available only to accredited investors.