Summit Private Investments

II, L.P.

Fund Investment Objectives

Summit Private Investments (SPI) seeks to achieve superior long term risk adjusted returns over various market cycles with less volatility than and lower correlation to the equity markets. SPI invests in a diversified group of long/short managers who conduct rigorous, fundamental value-oriented research in less efficient sectors of the market. Our belief is that by focusing on investment prospects that are less researched and/or more complex, our managers can identify overlooked opportunities - both long and short - with compelling risk / return characteristics. HURDLE: 4% soft.