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FUNDAMENTAL US PRIVACY NOTICE
Last Updated: June 2026
This US Privacy Notice ("Privacy Notice" or "Notice") describes the practices of Fundamental Advisors LP ("Fundamental," or "we," or "us," or "our") with respect to the collection and use of personal information online (including our website) and the rights you may have with respect to your personal information. This Notice does not cover Fundamental's collection and processing of nonpublic personal information subject to the Gramm-Leach-Bliley Act (GLBA), including current, prospective, and former individual investors' personal information. We provide our investors with a separate notice that addresses our privacy practices with respect to investor personal information.
By using this website and otherwise interacting with us, you agree to the terms of our Terms of Use, including this Notice.
This Notice does not cover the personal information we collect about employees and independent contractors, or job applicants, nor does it cover personal information we collect that is publicly available under applicable laws.
Notice at Collection: Personal Information We Collect
We collect the following categories of personal information:
Personal identifiers: name, email address, telephone numbers, IP address
Internet or other electronic activity information: your device and browser type, your browsing and search history on our website, and information regarding your interaction with our website
Professional information: your title, information about your employer or the entity or individual(s) you represent, information about your professional activities
We have collected the same categories of personal information in the 12 months prior to the date of this Privacy Notice.
Notice at Collection: Purposes for Collection of Personal Information
We collect your personal information to provide our services to entities or individuals you may represent; to engage in business transactions with the entity you represent; to market to or engage in diligence with the entities you represent; to contact you; to provide you with information about our business and opportunities to work with us; to respond to inquiries; and to customize your experience.
We also use personal information to monitor or improve our website; for internal business analysis; to prevent fraud, activities that violate our Terms of Use or other contracts, or that are illegal; and to protect our rights and the rights and safety of our users or others.
Notice at Collection: Retention Periods
We retain the categories of personal information we collect for the length of time necessary to provide our services and to comply with legal obligations or to protect our legal rights.
Notice at Collection: Categories of Personal Information We Sell or Share or Use for Targeted Advertising
We do not sell personal information or share it for purposes of cross-context behavioral advertising.
Sources From Which We Collect Personal Information
We collect personal information directly from website users, representatives of entities or individuals with which we do business or may do business, from referrals and from professional networks and conferences.
No Use of Sensitive Personal Information
We do not use or disclose sensitive personal information to create profiles about or infer characteristics about individuals, or for any purposes that would give rise to the right to limit this use of sensitive information under applicable laws.
Disclosure of Personal Information for Business Purposes in the Past 12 Months
In the 12 months prior to the date of this Notice, we disclosed the following categories of personal information to our service providers and contractors for a business purpose:
Personal identifiers: name, email address, telephone numbers, IP address
Internet or other electronic activity information: your device and browser type, your browsing and search history on our website, and information regarding your interaction with our website
Professional information: your title, information about your employer or the entity or individual(s) you represent
Business Purposes for Disclosures of Personal Information
We disclose personal information for the following business purposes: managing customer, supplier and vendor accounts and relationships; engaging in advertising and marketing; operating our IT systems and secure our systems; preventing fraud and other illegal activities; and obtaining professional advice about legal and accounting matters.
We may also disclose your personal information as required or permitted by law to comply with a subpoena or similar legal process or government request, or when we believe in good faith that disclosure is legally required or otherwise necessary to protect our rights and property or the rights, property or safety of others, including to law enforcement agencies, and judicial and regulatory authorities. We may also disclose your personal information to other people or entities to help detect and protect against fraud or data security vulnerabilities. And we may disclose or transfer your personal information in the event of an actual or potential sale, merger, reorganization of our entity or other restructuring.
Our Use of Cookies and Other Tracking Technologies
We may use cookies, pixel tags, web beacons and other similar tracking technologies ("tracking technologies") to automatically collect information through our website. Tracking technologies are small data files placed on your computer, tablet, mobile phone, or other devices that record certain pieces of information when you visit our website. We may use these tracking technologies to help identify irregular behavior, prevent fraudulent activity and improve security, as well as making it possible for you to save your preferences and help us understand how you interact with us.
You may set your browser to notify you when you receive a cookie. Many web browsers also allow you to block cookies. You can disable cookies from your computer system by following the instructions on your browser or at www.youradchoices.com.
Personal Information of Minors
Our products and website are not directed to minors under the age of 13 and we do not knowingly sell or share for cross-context behavioral advertising the personal information of California residents under age 16 without their consent.
Third Party Websites
Our website may contain links to third-party websites, including social media buttons that link to social media platforms. This Notice does not govern how those third parties or social media platforms collect or use personal information, and we do not endorse or have control over their practices. The privacy policies and terms of use for those third parties' websites/apps or social media platforms govern those companies' privacy practices. We are not responsible for the content or privacy practices of any third-party websites or platforms.
Securing Your Personal Information
We implement and maintain reasonable security appropriate to the nature of the personal information that we collect, use, retain, transfer or otherwise process. However, there is no perfect security, and reasonable security is a process that involves risk management rather than risk elimination. Accordingly, it cannot be assumed that the occurrence of any given incident or breach results from our failure to implement and maintain reasonable security.
Changes to This Notice
We will review and update this Notice from time to time. If changes are made, we will update the Privacy Notice and reflect the date of such modification in the date above. If the changes are material, you will be notified via a notice on our website.
California Data Privacy Rights
Pursuant to California privacy laws, we provide residents of California with the following rights with respect to the personal information we may collect about them:
Right to Know: The right to request the following additional information collected since January 1, 2022: Categories of personal information we have collected about them; categories of sources from which such personal information was collected; categories of personal information that the business sold or disclosed for a business purpose about the consumer; categories of third parties to whom the personal information was sold or disclosed for a business purpose; and the business or commercial purpose for collecting or selling your personal information.
Right to Access / Copy: The right to access or request a copy of their personal information.
Right to Delete: The right to request deletion of their personal information that we have collected about you.
Right to Correct: The right to request that we correct inaccuracies in their personal information.
Exercising Your Rights
To exercise your rights, please email us at legal@fundamental.com.
Additionally, agents may submit data subject requests on behalf of individuals under California law. To do so, the agent will need to provide us with your signed permission indicating the agent has been authorized to submit the request on your behalf. You will also be required to verify your identity directly with us or confirm with us that you provided the agent with permission to submit the request. Agents can submit requests on behalf of California residents by emailing us at legal@fundamental.com.
Please note that this subsection does not apply when an agent is authorized to act on your behalf pursuant to a valid power of attorney. Any such requests will be processed in accordance with state law pertaining to powers of attorney.
Verification of Requests
When you exercise rights other than opt-out rights, we will take steps to verify your identity. If we are unable to verify your identity with the degree of certainty required, we will not be able to respond to the request. We will notify you to explain the basis of the denial.
When We Do Not Act on a Request
In some cases, we may not act on your requests (e.g., if we cannot do so under other laws that apply). If this is the case, we will explain our reasons for not providing you with the information or taking the action (e.g., correcting data) that you requested.
Non-Discrimination
If you exercise any of the rights explained in this Privacy Notice, we will continue to treat you fairly.
Contact Us
If there are any questions regarding this Privacy Notice or to request a copy of this Privacy Notice in another format you may contact us at legal@fundamental.com.
By accessing our website, which includes the password protected portal ( collectively, the “site”), you acknowledge your agreement with and understanding of the following Terms of Use (“Terms”) pertaining to this site including all material on it. These legal notices may be updated by us at any time. The Terms are between Fundamental Advisors LP, together with its affiliates (collectively, “Fundamental” or “we” or “our”) and you, or anyone authorized to access the site on your behalf (collectively “you”). Your continued use of the site after any modification to the Terms or the site shall constitute your acceptance of these Terms. If you do not agree to the Terms for any reason, please do not use this site. These Terms do not govern the terms of any investment you may make or any other aspect of your relationship with Fundamental, beyond your use of or access to the site.
All content included on this site, such as graphics, logos, articles and other materials, is the property of our organization or others and is protected by copyright and other laws. All trademarks and logos displayed on this site are the property of their respective owners, who may or may not be affiliated with our organization. Nothing contained on this site should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any content or trademark displayed on this site without the written permission of Fundamental or such other third party that may own the content or trademark displayed on this site.
You shall not, nor shall you cause or permit any other party to: (i) modify, adapt, copy, alter, publish, print, disclose, download, translate or create derivative works of the site; (ii) disable, disrupt, circumvent or otherwise interfere with any feature, functionality or control that prevents, restricts or otherwise governs access to, or use of, any aspect of the site; (iii) build a product or service using similar ideas, features, functions or graphics of, or otherwise contained within, the site; (iv) sublicense, resell, rent, lease, transfer or assign the site or the use thereof, or to offer the site on a time-share basis to any third party; (v) reverse engineer, decompile, decode or disassemble the site (or any part thereof); (vi) attempt to derive the source code for the site (or any part thereof) or attempt to gain access to any underlying code used to implement or deploy the site, or (vii) otherwise exploit or use the site in any way except as strictly set forth in these Terms.
The information contained in this site has been prepared solely for informational purposes and is not an offer to sell or purchase or a solicitation of an offer to sell or purchase an interest in any entity managed by Fundamental. Fundamental reserves the right to change, modify, add or remove portions of any content posted on the site at any time without notice and without liability. Those who access this site do so at their own initiative and are responsible for compliance with any laws or regulations applicable to them.
You acknowledge that the content of this site is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities. Any offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor.
We are not utilizing the site to provide investment or other advice, and nothing on the site is to be deemed a recommendation that you buy, sell or hold any security or other investment or that you pursue any investment style or strategy. If you would like investment, accounting, tax or legal advice, you should consult with your own advisors with respect to your individual circumstances and needs.
All information available through the privileged area of the site is confidential and proprietary to us. This includes all investment information and results, offering materials, financial statements and other information provided through this part of the site. You will use your best efforts to keep all this information strictly confidential. You will not disclose any of this information to any person or use it for any purpose other than those strictly permitted by us, in writing.
This site is operated and controlled by us in the United States. Due to the global nature of the Internet, this site may be accessed by users in countries other than the United States. We make no warranties that materials on this site are appropriate or available for use in such locations. If it is illegal or prohibited in your country of origin to access or use this site, then you should not do so. Those who choose to access this site outside the United States do so on their own initiative and are responsible for compliance with all local laws and regulations.
Our prior permission is required for any commercial use of materials on this site.
You warrant that when using this site, you shall not violate or facilitate any violation of any applicable local, state, federal or international law, statute, regulation, code or ordinance, including, without limitation, regulations promulgated by or the rules of any national or other securities exchange. The permission to use this site granted by the Terms automatically terminates if you breach any of the terms and conditions contained herein.
Portions of this site that require a password and permission to access the contents therein are intended only to be viewed by individuals so authorized. Any person that requests access to such contents represents that, to the best of such person’s knowledge, after due inquiry, that such person is permitted by the laws of such person’s jurisdiction of residence to access this site and the information contained herein. You are prohibited from using anyone else’s log-in name or password. You shall notify us immediately if you suspect any unauthorized use of any site or of your log-in name and/or password.
The site may include (whether linked to the site or incorporated herein) services, general news and information, commentary, research and other data supplied by companies that are not affiliated with Fundamental (“Third Party Content”). [Fundamental has not been involved in the preparation or editing of Third Party Content and does not explicitly or implicitly endorse or approve such content or services.] Fundamental does not guarantee the accuracy, timeliness, completeness or utility of Third Party Content, and Fundamental shall not be responsible or liable for any such content or services. Your access to Third Pary Content is at your own risk and is subject to Third Party Content privacy policies and terms of use.
We expressly disclaim any responsibility for your access to or use of such Third Party Content.
Any performance data or comments expressed on this site are an indication of past performance. Past performance is not indicative of future results; no representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.
This site may contain links to, or may be linked from, other sites that are not maintained by us and to which we have not provided permission. We do not endorse, have any responsibility for, or make any representations about, any other sites, including their products and services, content, communications and website use policies. We expressly disclaim any responsibility for your access to or use of such other sites.
Sample transactions, found on both the “Fundamental Partners” and “Fundamental Renewables” pages, were selected based on non-performance based criteria and are provided for illustrative purposes only to show Fundamental’s investment process with respect to such investments. There is no guarantee that any investment vehicle managed by Fundamental Advisors will find similar opportunities in the future.
We have compiled this site in good faith and while we use reasonable efforts to include accurate and up-to-date information on this site, the site is provided on an “as is” and “as available” basis with no warranties of any kind. We do not warrant that the information on the site is accurate, reliable, up to date or correct, that this site will be available at any particular time or location, or that this site is free of viruses or other harmful components. Your use of this site and use or reliance upon any of the materials on it is solely at your own risk. To the extent permissible by applicable law, Fundamental disclaims all warranties, express or implied, including any warranties of accuracy, non-infringement, merchantability and fitness for a particular purpose with respect to the site and the materials and features available on or through the site. You assume total responsibility for your use of the site.
We are not responsible for any damages or injury, including but not limited to special, indirect, incidental or consequential damages, that result from your use of (or inability to use) this site, including any damages or injury caused by any failure of performance, error, omission, interruption, defect, delay in operation, computer virus, line failure, or other computer malfunction. You understand and agree that your use of this site is predicated upon your waiver of any right to sue us or its affiliates directly or to participate in a suit for any losses or damages resulting from your use of this site.
Fundamental reserves the right to modify, suspend or terminate operation of or access to the site, any portion of the site or any service, product or feature available on the site for any reason, at any time and without notice. Each use of the site constitutes your agreement to be bound by the then-current terms and conditions set forth in these Terms.
You agree that your use of this site and any disputes relating to any of them shall be governed in all respects by the laws of the State of New York. Any dispute relating to the above shall be resolved solely in the state or federal courts located in New York, New York.
Thank you for visiting our site. Please contact us by visiting the Contact Us section of this site if you have any questions about our site, the legal notices or terms of use. Electronic mail or other communications through this site to Fundamental Advisors LP (or any of its employees, agents or representatives) are not secure and we do not guarantee the confidentiality of such communications.
Under no circumstances should any information presented here be used or construed as an offer, or solicitation of any offer, or other form of invitation or inducement, to sell or buy any securities or other investments, or to provide advice regarding investments or a recommendation to purchase, sell or hold any security or other investment, or to pursue any investment style or strategy. There can be no assurance that any particular strategy or investment will prove profitable and the information contained herein should not be interpreted to provide a guarantee of future performance. Investment strategies may be added, removed or adjusted, and/or the investment approach may be changed, at any time in Fundamental’s sole discretion and without any notice. There can be no guarantee that any strategy or approach employed by Fundamental will achieve its investment objectives or avoid losses. Past performance is not indicative of future results.
This document may contain statements deemed to be forward-looking statements. These statements are based on assumptions, analyses and expectations of Fundamental in light of its experience and perception of historical trends, current conditions, expected future developments and other factors it believes appropriate under the circumstances. All information is subject to change without notice. Users should be aware of the risks of investing.