Last Updated: August 2026
This California Privacy Notice supplements the Privacy Policy of Alternative Investment Liquidity ("AIL," "we," "our," or "us") and applies to California residents whose personal information may be collected through AlternativeInvestmentLiquidity.com or through other interactions with us.
This Notice describes the categories of personal information we may collect, the sources of that information, how we use and disclose it, and the rights California residents may have under applicable California privacy laws.
Categories of Personal Information We May Collect
Depending on how you interact with our website or services, we may collect the following categories of personal information:
- Identifiers: name, email address, phone number, mailing address, IP address, cookie identifiers, device identifiers, advertising identifiers, and similar contact or online identifiers.
- Commercial or investment-related information: investment holdings, sponsor names, program names, account details, transfer information, transaction-related information, and documents submitted for review.
- Internet or other electronic network activity: browser type, device information, pages viewed, referral sources, website interactions, session activity, advertising interactions, and other website usage data.
- Professional or employment-related information: financial advisor, broker, attorney, CPA, custodian, employer, company, job title, or other professional information submitted by you or associated with your interaction with our website.
- Communications: emails, form submissions, phone inquiries, correspondence, and other messages sent to or received from us.
- Inferences or associated information: information regarding potential interest in our services, website engagement, business or professional affiliation, or other information derived from website activity or information provided by third-party technology or data providers.
Some investment-related information you voluntarily provide may qualify as sensitive personal information under applicable law depending on its nature and context. We use such information for the purposes described in this Notice and our Privacy Policy.
Sources of Personal Information
We may collect personal information from:
- You directly when you submit a form, email us, call us, provide documents, or request a confidential review.
- Financial professionals, advisors, representatives, or other authorized parties who submit information on your behalf.
- Website analytics, cookies, pixels, advertising technologies, visitor-identification technologies, and similar technologies.
- Technology providers, analytics providers, advertising platforms, visitor-identification providers, and data-enrichment providers.
- Publicly available sources, investment sponsor materials, regulatory filings, or third-party sources used to evaluate liquidity inquiries or business opportunities.
Purposes for Collection and Use
We may collect and use personal information to:
- Respond to inquiries and requests.
- Evaluate potential liquidity alternatives.
- Review non-traded REIT, DST, limited partnership, private placement, or other alternative investment submissions.
- Communicate with investors, advisors, professionals, or authorized representatives.
- Facilitate introductions to appropriate third-party professionals or potential purchasers.
- Maintain records related to inquiries, submitted information, and potential transactions.
- Improve website functionality, performance, security, and user experience.
- Understand website usage, visitor engagement, and interest in our services.
- Measure, analyze, and improve advertising and marketing activities.
- Identify potential business or professional interest in AIL and its services.
- Comply with legal, regulatory, security, recordkeeping, and business obligations.
Disclosure of Personal Information
We may disclose personal information to service providers and technology partners that assist us in operating, analyzing, securing, advertising, marketing, and improving our website and services. These parties may include website hosting providers, analytics providers, advertising platforms, visitor-identification providers, data-enrichment providers, communication providers, and other technology vendors.
We may also disclose personal information to professional advisors, potential purchasers, transaction participants, investment firms, custodians, transfer agents, sponsors, administrators, legal advisors, or other parties reasonably necessary to evaluate or facilitate a requested liquidity review or potential transaction.
We may disclose personal information when required by law, regulation, legal process, governmental request, or when reasonably necessary to protect the rights, security, and integrity of AIL, our users, our systems, or others.
Cookies, Analytics, Advertising, and Visitor Identification
Our website may use cookies, pixels, analytics tools, advertising technologies, visitor-identification technologies, and similar technologies to operate and improve our website, understand visitor behavior, measure advertising effectiveness, and better understand interest in our services.
These technologies may collect information such as IP address, browser and device information, referring websites, pages viewed, website interactions, session activity, advertising identifiers, cookie identifiers, and other information regarding use of our website.
In some circumstances, third-party technology or data providers may associate website activity with business, professional, organizational, or other information relating to an identifiable individual or organization.
Sale or Sharing of Personal Information
AIL does not knowingly sell personal information for monetary consideration.
Certain uses of advertising, analytics, visitor-identification, data-enrichment, or similar technologies may constitute a "sale" or "sharing" of personal information under California privacy law even when no money is exchanged.
California residents may have the right to opt out of the sale or sharing of personal information. Where applicable, you may exercise this right through the privacy choices or data-sharing opt-out controls made available on our website.
Where required by applicable law, we also recognize qualifying browser-based opt-out preference signals, such as Global Privacy Control, as requests to opt out of sale or sharing for the applicable browser or device.
AIL does not knowingly sell or share personal information of individuals under 16 years of age.
Sensitive Personal Information
Certain information you voluntarily submit in connection with an investment review or potential transaction may constitute sensitive personal information under California law.
We use such information as reasonably necessary to evaluate requests, communicate with you, facilitate potential transactions, maintain records, protect our services, and comply with legal or regulatory obligations.
Where California law provides a right to limit certain uses or disclosures of sensitive personal information, you may exercise that right as applicable.
California Privacy Rights
Subject to applicable law, exceptions, and verification requirements, California residents may have the right to:
- Request information about the categories and specific pieces of personal information we have collected.
- Request information about the categories of sources from which personal information is collected.
- Request information about the business or commercial purposes for collecting, selling, or sharing personal information.
- Request information about categories of third parties to whom personal information has been disclosed, sold, or shared.
- Request deletion of personal information, subject to applicable exceptions.
- Request correction of inaccurate personal information.
- Opt out of the sale or sharing of personal information, where applicable.
- Limit certain uses or disclosures of sensitive personal information, where applicable.
- Not receive discriminatory treatment for exercising applicable privacy rights.
How to Exercise California Privacy Rights
California residents may exercise applicable privacy rights through the privacy choices or data-sharing opt-out controls available on our website, where applicable.
Privacy-related requests may also be submitted by contacting us at:
Alternative Investment Liquidity
Email: info@alternativeinvestmentliquidity.com
Please include "California Privacy Request" in the subject line and provide sufficient information for us to understand, verify, and respond to your request.
Opt-Out Preference Signals
Where required by California law, AIL will process qualifying opt-out preference signals, including Global Privacy Control, as a request to opt out of the sale or sharing of personal information associated with the applicable browser or device and, where reasonably identifiable, associated consumer information.
Verification of Requests
Before responding to certain privacy requests, we may need to verify your identity or authority to act on behalf of another person. Information provided for verification will be used for verification and request-processing purposes.
Requests to opt out of sale or sharing generally do not require identity verification beyond what is reasonably necessary to process the request.
Authorized Agents
California residents may designate an authorized agent to submit privacy requests on their behalf. We may require appropriate proof of authorization and, where permitted by law, may require the consumer to verify their identity or confirm that the agent has permission to submit the request.
Data Retention
We retain personal information only for as long as reasonably necessary and proportionate to fulfill the purposes described in this Notice and our Privacy Policy, respond to inquiries, evaluate submitted information, facilitate potential transactions, maintain business and transaction records, comply with legal or regulatory obligations, resolve disputes, and protect our rights and services.
Changes to This Notice
We may update this California Privacy Notice from time to time to reflect changes in our practices, technologies, services, or legal requirements. Any revisions will be posted on this page with an updated effective date.
Contact Information
Alternative Investment Liquidity
Email: info@alternativeinvestmentliquidity.com
Questions regarding this California Privacy Notice or our privacy practices may be directed to the contact information above.