3 Degrees places a foremost priority on the preservation of capital while seeking to achieve exceptional returns across each of our investment strategies. We invest in inefficient markets, managing risk by closely adhering to our investment philosophy and adopting a rigorous due diligence process.

	Strategy	Open-End	Closed-End	Current AUM	Target AUM	Launch Date
	Distressed Debt	ADF		$380 million	$500 million	January 2004
		ADF Prime			$100 million	4Q08
	Private Equity		ADF Special Opportunities LP		$300 million	4Q08