Capital Fund LLC

Fund Investment Objectives

Highwood Capital Partners, LP is a fund of hedge funds with an objective to achieve superior absolute returns in a diverse range of market conditions by allocating fund assets among established hedge fund managers with proven strategies. The Fund will provide investors access to a selective combination of elite hedge fund managers who have exhibited strong performance under various market conditions. These managers are generally not available to new investments or require minimum investments of several million dollars. The Fund's portfolio is expected to combine low correlated strategies that seek to achieve diversification and improve risk-adjusted returns. The Fund will seek to maintain lower risk, as measured by annualized standard deviation, than the S&P500 Index. Investment strategies may include, but are not limited to, global macro, long/short equity, emerging markets, event-driven, managed futures and global long/short credit.