Pine Grove Offshore Fund

Ltd. Class C Shares

Fund Investment Objectives

Pine Grove Offshore Fund Ltd. is a Bermuda corporation and is available for offshore and U.S. tax-exempt investors who are 3(c)(7) qualified purchasers. Pine Grove attempts to make a moderate but steady return regardless of market conditions. Our goal is to seek returns that are similar to those available from the U.S. stock market, but with less volatility and less risk. This objective is accomplished primarily by diversifying the portfolio across multiple low exposure relative value and event driven hedge funds.