Insignia Insurance Dedicated

Fund L.P.

Fund Investment Objectives

The Fund is focused on preserving capital when the equity markets are challenging and participating in positive market moves. Portfolio construction includes a significant allocation to equity strategies complemented by top managers that have historically low correlations to the equity markets; the Fund currently invests a substantial portion of its assets in Insignia Vintage Fund, L.P., which provides additional manager diversification. AUM is not disclosed.