Disclosures.

General

The information on this website is provided for informational purposes only and is not an offer to sell, or a solicitation of an offer to buy, any security. Nothing on this website is tax, legal, or investment advice. Consult your own advisors before investing.

Offering documents

Any offer of interests in Silk City Capital LP (the “Fund”), whose general partner is Veloce Capital GP LLC (the “General Partner”), will be made only through the Fund's Amended and Restated Limited Partnership Agreement and Subscription Booklet, including its Disclosure Statement (together, the “Offering Documents”), which should be read in their entirety. If anything on this website differs from the Offering Documents, the Offering Documents control.

Accredited investors only: Rule 506(c)

Interests are offered under Rule 506(c) of Regulation D under the Securities Act of 1933, as amended. Interests may be sold only to accredited investors as defined in Rule 501(a), and the Fund will take reasonable steps to verify each purchaser's accredited status before accepting a subscription. The interests have not been registered under the Securities Act or any state securities law and are restricted securities. Neither the SEC nor any state regulator has approved the interests or passed on the merits or accuracy of this offering.

Illiquidity

Limited partners may not withdraw or redeem, and transfers require the General Partner's consent. The Fund's term runs 10 years from its final closing and may be extended by up to three years. Distributions are made at the General Partner's discretion, are not guaranteed, and in limited circumstances may be recalled. The General Partner's aim to begin returning capital as early as year three is not a guarantee.

Risks

An investment in the Fund is speculative and suitable only for investors who can bear the loss of their entire investment. Risks include loss of principal; development risks such as construction delays, cost overruns, and entitlement risk; concentration in Paterson, New Jersey; leverage; changes in economic, market, and interest-rate conditions; the Fund's lack of operating history; and reliance on the General Partner and its key persons.

Fees, expenses, and conflicts

The Fund pays a 2% annual management fee and a 20% carried interest and bears its organizational and operating expenses. Affiliates of the General Partner's principals, including Ania Management, may provide services to Fund investments and be compensated for them. The Fund may invest through joint ventures or vehicles sponsored by affiliates that charge their own fees. These arrangements may create conflicts of interest.

Targets and forward-looking statements

Target IRR and equity multiple figures are illustrative objectives based on the General Partner's assumptions, stated net of fees and carried interest and before investor-level taxes. They are not projections or guarantees, and actual results may differ materially. Statements about plans, strategy, and allocation are forward-looking and may change.

Track record and prior projects

Statistics and completed transactions for Veloce Capital and Ania Management reflect the principals' platforms, prior to and outside the Fund, and are not the Fund's performance. Projects shown on this website were completed by the partners before the Fund launched and are not Fund investments. Past performance does not indicate future results.

Tax

Investors receive Schedule K-1s. The Fund may generate unrelated business taxable income (UBTI) for tax-exempt investors, including IRAs, and investors may have state tax filing obligations in New Jersey, where the Fund's properties are located, and in their state of residence. Tax benefits described are not guaranteed. Nothing on this website is tax, legal, or investment advice; consult your own advisors.

Third-party data and images

Market data come from the third-party sources cited, including the U.S. Census Bureau, Redfin, CommunityScale, NJEDA, the National Park Service, news reports, and the New Jersey statutes cited on this website. They are believed to be reliable but have not been independently verified, and they speak only as of their stated dates. Images, including renderings, are illustrative and may not depict Fund investments.