III Credit Opportunities

Fund LP Series A

Fund Investment Objectives

The III Credit Opportunities Fund LP is long only and seeks to maximize total return through current income and capital appreciation by investing within various sectors of the credit markets. The Fund will attempt to pursue its investment goals by investing in a variety of credit instruments, including investment grade and high yield corporate bonds, CMBS, residential mortgage-backed securities (RMBS), other asset backed securities, structured credit instruments or vehicles, such as CDOs, CDO2s, CLNs, CLOs and CBOs, interest-only (IO), principal-only (PO) or zero coupon strips, loans, preferred stock, bank capital securities, other equities and equity indices. In addition, to reflect the Advisor's views on the relative cheapness or richness of credit spreads, the Advisor may invest in other fixed income securities such as Treasuries and agencies in order to reduce the credit spread exposure of the Fund. AUM reflects the aggregate of the various share classes and is denominated in USD.