Jeff Leathers (@JeffLeathers) - Twitter Profili

Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

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Evan@StockMKTNewz·28 Nis

The first NYSE-listed fund giving investors publicly traded exposure to Private Equity is about to launch The fund will trade under the ticker $USPE

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

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Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

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Aj@Ajwritescrypto·28 Nis

You’re bearish? They put private equity into a publicly listed fund and you’re bearish?

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

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Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

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Exec Sum@exec_sum·28 Nis

NEWS: $USPE is set to become the first NYSE-listed private equity fund of fund, giving investors public-market access to PE.

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

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Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

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litquidity@litcapital·28 Nis

How retail investors feel after investing $100 on USPE and updating their LinkedIn to say “Private Equity Investor”

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

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Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

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Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

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Restructuring__@Restructuring__·28 Nis

This is extremely interesting and I have a lot of thoughts Note: this is obviously not investing advice, I do not have insights into the fund structure and these are just my speculations. That said, let’s get to it The idea is somewhat simple: pool capital together, buy a stake, or invest that pool of capital in a private equity fund. My thought is that the fund works along these lines: 1)USPE is looking to raise $100M, so they will try to place on the market 8M shares at $12.5/share. 2)After investors have purchased shares, the manager will take the capital and invest in private equity funds like an institutional investor would do. From my understanding, they will purchase existing private equity funds, which allows them to put all that money to work immediately as opposed to waiting for the capital calls from each underlying fund. 3)The security will then hold ownership of the underlying private equity fund. To make things simple, let’s assume they just invest in a single private equity fund (they will invest in more for diversification purposes). So they take the initial $100M and invest $80M to buy an existing LP stake in a fund (say L Catterton IX; let’s assume they buy at 100c on the dollar to keep things simple, but they might also be purchasing at a discount as compensation for providing liquidity). After that, USPE will own $80M of interest in L Catterton IX and $20M in cash, so total value is still $100M. In theory, the price should not move (we are ignoring market demand to keep things simple for now). Then, in 6 months, L Catterton IX has an exit of one of its portcos. Let’s keep it again very simple and assume that this portco was 10% of the fund equity and the deal is a net 2.0x MOIC. USPE, as an investor, receives a distribution from the exit. From their $80M of interest, the invested capital was $8M, and they receive $16M in cash. Now, USPE has $36M in cash and $72M of remaining interest in L Catterton IX, so the total value of USPE is $108M. In theory, the second the exit is announced, the share price should move from $12.5 to $13.5 ($108M / 8M shares). Now, this is assuming a perfectly efficient market with no information frictions. In practice, the price will obviously move based on demand and supply and what is going on in the market. For example, if USPE has 50% of its capital in Thoma Bravo and software stocks fall in half, you would expect USPE to trade down as a result. In addition, this is a simplification as it excludes things like private equity marks, which you would expect to impact trading prices and perceived NAV for USPE, but I think this captures the dynamic pretty well.

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

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Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

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unusual_whales@unusual_whales·28 Nis

Tap is launching an ETF, $USPE, which is set to become the first NYSE-listed fund giving investors publicly traded exposure to private equity funds.

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

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Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

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Heisenberg@Mr_Derivatives·28 Nis

Guy buys 100 shares of USPE and be like:

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

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Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

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Markets & Mayhem@Mayhem4Markets·28 Nis

WOW. 🤯 Tap is launching $USPE, the first NYSE-listed fund that lets investors trade private equity like they trade ETFs.

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

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Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

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NO CONTEXT HUMANS@HumansNoContext·28 Nis

Does this mean I can get margin on PE exposure?

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

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42.2K

Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

English

0

1

25

Ramp Capital@RampCapitalLLC·28 Nis

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

ZXX

4

367

67.4K

Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

English

0

1

14

Geiger Capital@Geiger_Capital·28 Nis

"I’m in Private Equity now" -Guy who just bought the USPE ETF

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

English

8

195

31.6K

Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

English

0

32

Mikael@BacardiCapital·28 Nis

PE funds becoming available in brokerage accounts and 401Ks

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

English

3

0

138

36.9K

Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

English

0

11

Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

English

0

16

Not Jerome Powell@alifarhat79·28 Nis

PE fund managers the day after $USPE goes public

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

English

6

11

58

32.9K

Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

English

0

67

Austin Lieberman@LiebermanAustin·28 Nis

When you bought 100 shares of USPE in the IPO “I work in private equity”

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

English

3

0

2

5.3K

Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

English

0

1

22

Gordon Gekko@GordonGekko420·28 Nis

pov: how your friend rolls up to the boys trip after buying 7 shares of $USPE

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

English

1

63

9.5K

Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

English

1

0

59

Shay Boloor@StockSavvyShay·28 Nis

Tap is launching $USPE which will be the first NYSE-listed private equity fund-of-funds. It is designed to let investors buy and sell private equity exposure the same way they trade stocks or ETFs.

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

English

24

13

99

48.7K

Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

English

0

11

Circe@vocalcry·28 Nis

How it feels saying “I own private equity” (you bought $USPE)

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

English

2

1

17

5K

Jeff Leathers@JeffLeathers·28 Nis

**Disclaimer This communication has been made available to you with the consent of Tap, the investment adviser to the Fund. Tap is solely responsible for its contents. The Prospectus relating to the registration of the Fund’s common shares (the “Common Shares”) has been filed with the Securities and Exchange Commission (“SEC”) but has not yet become effective. Investors are advised to carefully consider the investment objective, risks, and charges and expenses of the Fund before investing. The Prospectus contains this and other information about the Fund. The Common Shares may not be sold, nor may offers to buy be accepted, until the Prospectus becomes effective. The proposed initial public offering (“IPO”) of the Common Shares will be made only by means of the Prospectus. The information herein and in the Prospectus is incomplete and subject to change and does not constitute and offer to sell or a solicitation to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TCBI Securities, Inc., doing business as Texas Capital Securities, is the Lead underwriter in connection with the IPO. TCBI Securities, Inc. is a FINRA-registered broker-dealer and not affiliated with TAP. Member FINRA, SIPC. Investment in the Fund is speculative and involve a high degree of risk, and is suitable only for investors who can bear the risk of loss and illiquidity. Please see the “PRINCIPAL RISKS” section of the Prospectus. The Fund’s securities have not been approved or disapproved by the SEC or any other state securities commission or any other regulatory or governmental authority, nor have any of the foregoing passed upon the accuracy or adequacy of the information presented in this communication. Any representation to the contrary is a criminal offense. These materials are not advice, a recommendation or an offer to enter into any transaction with Tap or any of its affiliates. There is no guarantee that any of the goals, targets, or objectives described will be achieved. Sponsored by Tap.

English

0

57

High Yield Harry@HighyieldHarry·28 Nis

Private Equity is finally being marked in the public markets now.

Jeff Leathers@JeffLeathers

For the first time ever, buy PE like you buy ETFs. Announcing the IPO for $USPE We’re proud to have @RobinhoodApp, @WeBullGlobal, @Public, and many others as selling group members in this historic IPO. Private equity has outperformed public equity by 1,330% since 2000.* But for too long, PE has been opaque, illiquid, and inaccessible. Enabled by a change in regulatory policy, USPE brings institutional PE funds into an exchange traded structure. No paperwork. No accreditation. No minimums. No lockups. No gates. Just hit “Buy” or “Sell” like any other stock. It’s one small tap for investors. One giant leap for PE. We’ve reserved an IPO allocation for individuals on: Robinhood: robinhood.com/applink/instru… Other brokerages: tapprivatemarkets.com/ipo Disclaimers below**

English

4

6

329

98.8K

Jeff Leathers

Keşfet