Passport Special

Opportunities Fund, L.P.

Fund Investment Objectives

The special opportunities strategy seeks to capitalize on our unique deal flow to generate significant returns through a concentrated portfolio of public and private investments that require substantial capital and/or value-added oversight. Employing the full resources of our investment infrastructure, the strategy focuses on specific targeted industries and geographies where valuations are more attractive and growth potential is much higher. The strategy is highly concentrated and has the ability to invest a substantial portion of its capital into private and illiquid investments. For these reasons the strategy has a longer lockup and fewer redemption features than our other strategies. AUM reflects the aggregate of the various share classes and is reported in USD.