CAM Special Opportunities Fund

  • CSOF was established on April 1, 2008.

  • It is the successor fund to CAM Small Cap Fund LLP (CSC).

  • CSOF focuses on long short equity and credit managers with a global mandate.

  • The CSOF portfolio includes a side poacket investment carried over from the CSC portfolio that is closed to all investments made after March 31, 2008.

  • CSOF has no geographic, market cap or other strategy constraints.

  • CSOF is designed to be a high risk, high return vehicle.

  • CSOF is likely to experience significant volatility.

  • CSOF is not suitable for risk averse investors.

OFFERING MEMORANDUM SUMMARY

  • Fund Name:CAM Special Opportunities Fund LP ("theFund")

  • Form of Organization: Pennsylvania limited partnership

  • Fund Classification: Fund-of-Funds

  • The General Partner: CA Partners LLC, a Delaware Limited Liability Company

  • Investment Objective: The Fund's investment objective is to achieve superior absolute after tax returns in a variety of different market environments.

  • Distributions: The Fund intends to retain all cash from normal operations and it will be managed to generate capital gains rather than current income.

  • Minimum Investment: The minimum investment amount is $1,000,000. Additional investments may be made in increments of $100,000 or more. The Fund may, in the sole discretion of the General Partner, permit smaller investments.

  • Admission of Limited Partners: New Limited Partners may be admitted to the partnership if approved by the General Partner. The General Partner may also require the withdrawal of a Limited Partner under certain circumstances. Investors in the Fund must be “accredited investors” and must meet other suitability requirements. The General Partner may decline to admit investors who do not meet such suitability requirements.

  • Subscriptions: Subscriptions will be accepted on the first business day of each calendar quarter.

  • Withdrawals: Withdrawals are generally permitted semi-annually on the first business day of each calendar second and fourth quarters upon a 45 day written notice after the twelve month anniversary of the investor s initial capital contribution. Settlements of partial withdrawals are made on the first such business day. Wtth respect to full withdrawals, 95% of the estimated capital account is paid within 30 days of the end of the quarter. The balance is paid within 30 days of the finalization of the Fund's annual audit.

  • Management Fees: 1.5% per annum, payable quarterly in arrears.

  • Expenses: On-going legal, accounting, investment, custodial, brokerage and tax expenses are paid by the Fund. All office overhead expenses are paid by the General Partner.

  • Auditor: Padgett Strateman & Co LLP

  • Counsel: Morgan Lewis & Bockius LLP

  • Administration: Hahn & Oldham

THIS SUMMARY IS NOT AN OFFER TO SELL OR BUY ANY SECURITY AND DOES NOT CONTAIN ALL OF THE INFORMATION THAT IS MATERIAL TO A PROSPECTIVE INVESTOR IN THE FUND. AN INVESTMENT IN THE FUND IS SPECULATIVE DUE TO A VARIETY OF RISKS AND CONSIDERATIONS AS DETAILED IN THE FUND’S CONFIDENTIAL PRIVATE PLACEMENT MEMORANDUM. NO ASSURANCE CAN BE GIVEN THAT THE FUND’S OBJECTIVE WILL BE ACHIEVED. INVESTORS MAY NOT SUBSCRIBE TO THE FUND UNTIL THEY HAVE RECEIVED A COPY OF THE PRIVATE PLACEMENT MEMORANDUM.