Scenic Private Access Fund invests in ClassDojo

18 April 2024

The Scenic Private Access Fund team (“SPA Fund team”) is delighted to announce its recent acquisition of a position in shares of ClassDojo, a global community of more than 50 million teachers and families who come together to share kids’ most important learning moments, in school and at home—through photos, videos, messages.

The SPA Fund team believes that ClassDojo is well positioned to transition into a publicly traded company within the next 24-36 months with an attractive return profile. The SPA Fund team is pleased to add this exposure to the “consumer” industry segment vertical of the portfolio, which demonstrates the ability to add positions in quality, high-growth businesses that are primed for exit in the near term at attractive entry valuations.

DISCLOSURES: Scenic Management LLC is the investment adviser that manages the Scenic Private Access Fund (SPA Fund). They are affiliates of Scenic Advisement, Inc. Scenic Advisement BD, is a registered broker-dealer with the SEC and a member of FINRA.  This document is not an offer to sell or a solicitation of an offer to buy any security issued such as the Scenic Private Access Fund I or any other pooled or other investment vehicle sponsored or managed by Scenic or its affiliates (each a “fund”) or any other security in any jurisdiction, and this document may not be distributed in any jurisdiction except in accordance with legal requirements applicable in such jurisdiction. Any offer or solicitation relating to the securities of any fund may only be made by delivery of the final confidential private placement memorandum (as amended, restated, supplemented or otherwise modified, the “Memorandum”), limited partnership agreement (as amended, restated, supplemented, waived or otherwise modified from time to time in accordance with its terms, the “Partnership Agreement”) and the relevant subscription agreement of such fund (collectively with the Memorandum and the Partnership Agreement, the “Fund Documents”), and only where permitted by law. This document is qualified in its entirety by the more detailed information in the relevant Fund Documents. In the event of any inconsistency between this document and any of the Fund Documents, the terms outlined in such Fund document shall prevail. Any decision to make an investment in any fund should be based solely on the information in the relevant Fund Documents. The information contained herein is not presented with a view to providing investment advice with respect to any security, or making any claim as to the past, current or future performance thereof, and Scenic expressly disclaims the use of this document for such purposes. This document is being distributed to you by Scenic. Scenic is not making a recommendation to any recipient hereof with respect to any fund, and this document is not intended to constitute legal, tax, accounting or other advice or an investment recommendation. Prospective investors should consult their own advisors about such matters prior to making a decision to invest in a fund. Any investment is subject to significant risk of loss of income and capital, which may occur as a result of identified or unidentified risks.

Statements contained in this document, including any “forward-looking statements,” are based on current expectations, estimates, projections, opinions and beliefs of Scenic as of the date hereof. Such statements involve known and unknown risks and uncertainties, and undue reliance should not be placed thereon. Neither Scenic nor any of its affiliates makes any redocument or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or redocument as to past or future performance of any fund or any other entity. Past performance is not necessarily indicative, or a guarantee, of future results. Unless otherwise noted, the information contained herein is unaudited, preliminary, may be based on estimates, is for discussion purposes only and is subject to change. In addition, certain information contained herein has been obtained from published and non-published sources and/or prepared by third-parties, and in certain cases has not been updated through the date hereof. While such information is believed to be reliable for the purposes of this document, Scenic assumes no responsibility for the accuracy or completeness of such information and such information has not been independently verified by it.