IRONWOOD INSTITUTIONAL MULTI-STRATEGY FUND LLC

Ironwood believes that market neutral and uncorrelated investment strategies offer great potential for long-term investment success. Ironwood's operating history dating to 1996 gives us a unique expertise on this specific subset of the hedge fund universe. Ironwood’s investment objective across all funds is to deliver an attractive real rate of return (i.e. mid-to-high single digits over a 36 month period) in a repeatable and low-volatility manner with little to no beta to equities or credit. Ironwood focuses on institutional quality managers who invest in historically uncorrelated strategies such as relative value, event-driven, equity market neutral, credit opportunities, distressed securities, and various arbitrage based approaches. Ironwood places great emphasis on its due diligence process, which includes frequent on-site manager visits by Ironwood’s senior most investment professionals, both before and during the course of investment.