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This site does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein. No such offer or solicitation will be made prior to the delivery of definitive offering documents and other materials relating to the matters herein. Before making an investment decision with respect to Ratzfert, potential investors are advised to read carefully the respective offering documents (including any relevant underlying agreements) and the related subscription documents regarding such Fund, and to consult with their tax, legal and financial advisors. This site contains a preliminary summary of the purpose and principal business terms of the Funds; this summary does not purport to be complete and is qualified in its entirety by reference to the more detailed discussions to be contained in the respective Fund’s offering documentation. Ratzfert (the “Investment Manager”) has the ability in its sole discretion to change the strategies described herein. This information is being provided to you on a confidential basis solely to assist you in deciding whether or not to proceed with a further investigation in the Funds. Accordingly, this site may not be reproduced in whole or part, and may not be delivered to any person without the consent of the Investment Manager. The information contained with this communication is not audited (unless otherwise indicated) and is based upon estimates and assumptions. No information is warranted by the Investment Manager or its affiliates or subsidiaries as to completeness or accuracy, express or implied, and is subject to change without notice. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, reliance on key strategic alliance, fluctuations in operating results and other risks. These materials should only be considered current as of the date of publication without regard to the date on which you may access the information. The Investment Manager maintains the right to delete or modify information without prior notice. The past performance and strategy portability of the Investment Manager, its affiliates and any of their members, principals or employees is not indicative of future results. An investment in a Fund, like all investments, contains risk including the risk of total loss.