Tree Capital Equity Fund II,

Ltd

Fund Investment Objectives

Tree Capital Equity Fund II, LP, Tree Capital Equity Fund II, Ltd., and Tree Capital Master Fund II, Ltd. are each a long/short hedge fund, focused primarily on Latin American equities. The Funds are managed by Tree Capital, LLC. The Funds were launched on June 1, 2011 by Luiz Carvalho, Mario Epelbaum and Robert Munro. The Investment Manager believes that the Funds offer investors a unique, pan-regional, approach to investing in Latin America. The Investment Manager's investment process involves both a top-down macro-overlay supported by intense, fundamental, bottom-up company research. The Investment Manager draws heavily on the Member's more than 40 years of combined in-depth experience with companies and management in the region as well as deep local contacts. The Fund(s) strategy and investment approach are the same as Tree Capital Equity Fund I, but with higher exposures.