1) Make investments that will provide our investors with attractive long-term rates of return for the level of risk associated with such investments.

2) Produce returns that exceed common U.S. public market indices.

3) Produce returns that place Chapter IV in the top quartile of hedge funds and private equity funds while subjecting investors to less risk than is typically incurred by such "alternative asset" investment funds.

4) Rank #1 among "alternative asset" investment managers in terms of alignment with our investors' best interests by:

• Putting substantial personal capital at risk side-by-side with our investors
• Minimizing portfolio manager base compensation and overall management fees
• Structuring our performance incentives in line with our real value-add
• Communicating with our investors in an open and transparent manner
• Demonstrating an attitude that consistently acknowledges our appreciation for the assets entrusted to us