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We are required by law to inform our individual investors of our policies regarding privacy of information regarding our investors.  For us, protecting the privacy of your information is nothing new.  We have in the past and will continue in the future to protect your right to privacy.  As a general rule, we do not disclose nonpublic personal information about our investors or former investors to anyone that is not affiliated with us without the investor’s consent. 

Types of “Nonpublic Personal Information” We Collect

In the course of our investment activities on your behalf, we may collect nonpublic personal information from you, such as your name and social security number, from documents that you may deliver to us or from our discussions with you.


Parties to Whom We Disclose Information

As stated previously, we generally do not disclose any nonpublic personal information about our current or former investors that we obtain during the course of our relationship to unaffiliated third parties, except as permitted by law.  However, in order to conduct investment activities on your behalf, in limited situations we may need to disclose this nonpublic personal information to unrelated third parties (for example, auditors, the Internal Revenue Service or other governmental entities).  Also, in some situations, we may need to disclose or share nonpublic personal information with an affiliated third party, such as our general partner or an affiliated partnership, in order to conduct investment activities on your behalf. Your authorization of us to conduct investment activities on your behalf and your continuing relationship with us acts as your consent to our disclosure of your nonpublic personal information when such disclosure is necessary to conduct such activities. 

In addition, we restrict access to nonpublic personal information to the employees of our general partner who need to know the information.  Your nonpublic personal information may also be shared with our attorneys, accountants, and auditors. In all such situations, we take steps necessary to ensure that the confidential nature of the information being shared is maintained.

Protecting the Confidentiality and Security of Current and Former Investors’ Information

In order to protect your information, we also maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.




If you have any questions about our disclosure policies, please contact our Chief Compliance Officer at (210) 477-7610 or, because your privacy and the confidentiality of your information are very important to us. 


Black Swan Advisors, L.P.      112 E. Pecan, Suite 806, San Antonio, TX 78205      Phone: 210-477-7610      Toll Free: 866-257-8934      Fax: 210-477-7611