Legal information

Legal information

Regulatory Disclosures – United Kingdom and the United States of America

Arrowgrass Capital Partners LLP (“Arrowgrass UK”) is authorised and regulated by the United Kingdom Financial Conduct Authority ("FCA"). Additionally, in accordance with the requirements of the United States Investment Advisers Act of 1940 ("Advisers Act"), both Arrowgrass Capital Partners (US) LP ("Arrowgrass US") and Arrowgrass UK , together referred to as “Arrowgrass”, are registered as investment advisers with the United States Securities and Exchange Commission (“SEC”). Arrowgrass UK will comply with the Advisers Act with respect to U.S. clients only.

The information within this website is issued by Arrowgrass to sophisticated investors who are professional clients or eligible counterparties under the Rules of the FCA and “Accredited Investors” as defined in Regulation D promulgated under the U.S Securities Act 1933, as amended (the “Securities Act”) and “Qualified Purchasers” as defined under the U.S Investment Company Act 1940, as amended (the “Company Act”).
Access to this website from certain countries may be restricted by law and you are required to determine that you are permitted to access it.

Most if not all of the protections provided by the United Kingdom regulatory system will not apply to investments in the products detailed within this website.

The information within this website is unsuitable for any other party and any such other party should exit this website immediately. If you are unsure as to whether or not you qualify, please contact Arrowgrass.

The information below further explains the legal and regulatory restrictions in relation to the Arrowgrass

Please read the terms and conditions below (the “Terms”) carefully which may be subject to change without notice. By accessing any page of this website, you agree to be bound by the Terms below. If you do not agree to the Terms below, please exit this website. This page is designed to filter out unsuitable categories of investor from accessing this website and as such Arrowgrass cannot be responsible for any misrepresentations you may make in gaining unauthorised access to this website.

These Terms may be amended without notice to you. Your continued use of this website following any changes will mean that you accept such changes.

Content of Web Site

By proceeding you agree, so far as this is permitted under the provisions of the UK and US regulatory system, to the exclusion by us of any liability, including without limitation that arising from any loss of profit or any other damage direct or consequential, in respect of any errors and/or omissions by us and/or any relevant third parties in respect of the content. This paragraph will not exclude any liability for, or remedy in respect of, fraudulent misrepresentation. This website is published solely for informational purposes and has no regard to specific investment objectives, financial situation or particular needs of any person. Any opinions or estimates included herein constitute a judgment as of the date of publication and are subject to change without notice. Similarly, any documents or other information included or posted on this website are subject to change, replacement or withdrawal without notice. It is the responsibility of users of this website to ensure they are aware of the current documentation and information published on this website from time to time. No reliance may be placed for any purpose on the information and opinions contained in this website or their accuracy or completeness and no representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in this website.

Investment Risk

There are significant risks associated with investment in the products outlined on this website. Investment is intended for sophisticated investors who can accept the risks associated with such an investment including a substantial or complete loss of their investment and who have no need for immediate liquidity in their investment. Investments will be subject to strict limitations on transferability and withdrawal. There will be no secondary or public market. The value of investments and any income derived from them can go down as well as up and the value of an investor's investment may be subject to sudden and substantial falls. The loss on realisation may be very high and could result in a substantial or complete loss of investment.

Most if not all of the protections provided by the United Kingdom regulatory structure will not apply to investments. Investors should be fully aware of the restrictions on transfer of investments.  Some investment positions may be illiquid and investment may be made in non-publicly traded securities. The foregoing list of risk factors is not complete and reference should be made to the relevant Offering Memorandum. An investment may only be made after receiving and reviewing the Offering Memorandum and the risk factors contained therein. You should rely only on the Offering Memorandum in making any decision to invest.


This website does not constitute and should not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorised. Persons resident in territories other than the UK should consult their professional financial advisers as to whether they require any governmental or other consents or need to observe any formalities to enable them to invest in any product described in this website.

The provision of the information in this website does not constitute an offer to purchase or the solicitation of an offer to sell any securities to any person in the United States or to any U.S. Person as such term is defined under the Securities Act of 1933, as amended. The information contained in this website about Arrowgrass UK is not directed to any person in the United States.


You acknowledge that, in viewing this website, you will have access to information concerning the business and affairs of Arrowgrass, its affiliates or any of the fund entities managed or advised by Arrowgrass (together the “Connected Entities”) that Arrowgrass, reasonably believes to be in the nature of trade secrets or other information, the disclosure of which Arrowgrass believes is not in the best interests of Arrowgrass and the Connected Entities, or could damage Arrowgrass and the Connected Entities, or which Arrowgrass or any of the Connected Entities are required by law or agreement with a third party to keep confidential, including, without limitation, any information relating to the investment strategy of any of the fund entities managed or advised by Arrowgrass (e.g. portfolio positions, trades and contemplated trades); all notices, letters and other communications whether written or oral between Arrowgrass or the Connected Entities and you; the names and addresses of any of the investors in any of the fund entities managed or advised by Arrowgrass and any details regarding any of their investments (collectively, "Confidential Information"). 

You acknowledge that Confidential Information may be made available to you through this website on the basis that no representation or warranty is made as to its accuracy, completeness or reliability and that the provision of such Confidential Information may cease at any time without notice.  You agree to keep confidential, and not to make any use of (other than for purposes reasonably related to any investments you hold in any fund entities managed or advised by Arrowgrass) or to disclose to any person or entity, any Confidential Information except to your directors, employees, agents, advisers, or representatives or any other person or entity approved in writing by Arrowgrass (each, an "Authorised Representative") on a need to know basis or as otherwise required by any competent regulatory authority, law or regulation, or by legal process.  Furthermore, you have not and shall not reproduce, duplicate or deliver any documentation on this website to any other person or entity, except Authorised Representatives.


No information contained within this website should be construed as investment advice.


Taxation will depend on individual financial circumstances and the country of residence.

Unregulated Schemes

The product described on this website is an unregulated collective investment scheme. Its promotion or offering in the United Kingdom is restricted to institutions or individuals falling within COBS 4.12, Chapter 4 of the FCA Handbook, and the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes (Exemptions) Order 2001).

When viewing any area of this website related to this unregulated fund, you confirm that you are authorised to carry out investment business under FSMA or are a person falling within the eligible categories of permitted investors under Rule 4.12, COBS Chapter 4 of the FCA Handbook, and the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes (Exemptions) Order 2001).

By proceeding you confirm: that you are not a private or retail investor or subject to any jurisdictional restrictions permitting access to information on unregulated collective investment schemes and that you fall within one of the permissible categories under Rule 4.12, COBS Chapter 4 of the FCA Handbook, and the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes (Exemptions) Order 2001).

Distribution of information contained on this website is strictly prohibited without express permission from Arrowgrass.

Pillar 3 Disclosure

Please click here if you wish to view the Firm’s Pillar 3 Disclosure Document.

Stewardship Code

Please click here if you wish to view the Firm’s Statement of Compliance with the UK Stewardship Code.

Modern Slavery Act

Please click here if you wish to view the Firm’s Transparency Statement under the Modern Slavery Act 2015.

Privacy and Data Protection

Please click here to view the Firm’s Privacy Notice pursuant to the General Data Protection Regulation (GDPR). For information relating to data protection in connection with Recruitment and Careers at Arrowgrass, please click here.

Engagement Policy

Arrowgrass Capital Partners LLP is currently considering whether it will adopt an engagement policy pursuant to Article 3g of the amended EU Shareholder Rights Directive (Directive 2007/36/EC). When that decision has been made, this webpage will be updated accordingly.