Lighthouse Credit

Opportunities Fund, Ltd. Class B

Fund Investment Objectives

The Lighthouse Credit Opportunities Fund is a diversified credit fund of hedge funds investing in a range of strategies and styles for attractive risk-adjusted return through credit cycles. The Fund has a flexible investment mandate to capture debt-like downside with equity-like upside. The portfolio can change significantly as the opportunity set changes to pursue the best risk/reward up and down the capital structure and across sub-strategies and sectors. Approximately 87% of the offshore portfolio is invested through managed accounts (as of March 31, 2014).