From: Neal Berger To: [email protected] Subject: Eagle's View Capital Management, LLC- May 2015 Performance Update... Date: Wed, 10 Jun 2015 13:19:20 +0000 Eagles View Capital Management, LLC May 2015 Performance Update June 10. 2015 Eagle's View domestic Funds best monthly performance to date- The X Factor Click here to view our most recent monthly investor tearsheet Dear Partners/Friends, Performance of Eagle's View Capital Partners, L.P. is estimated at +3.25% for May with YTD performance estimated at +2.87% net of all fees and expenses. Performance of Eagle's View Offshore Fund, Ltd. Class G is estimated at +0.05% for May with YTD performance estimated at -1.42% net of all fees and expenses. Performance of Eagle's View Offshore Fund, Ltd. Class B ("High Alpha") is estimated at +0.37% for May with YTD performance estimated at -1.76% net of all fees and expenses. This Share Class seeks to generate substantially higher returns through a more concentrated portfolio of some of our historically higher return opportunities. Investors in this Class should have a willingness to accept increased volatility and risk in exchange for the potential of higher returns. The divergence between our onshore and offshore Funds for the MTD and YTD is attributable to certain Funds we allocate to that have US domestic Partnerships, however, they do not have an offshore counterpart. As a result, we are not invested in those Funds on behalf of our offshore offerings. While this was largely the story for May, both onshore and offshore Funds share a similar mandate, philosophy, and approach. We expect that while short-term variations will exist, over time, we expect these variations will even out, offshore will outperform domestic on occasion, and we believe the performance differences between onshore and offshore to even out in the long-run. EFTA01207825