Pabrai Investment Fund 3, Ltd.

Pabrai Investment Fund 3, Ltd. is a hedge fund managed by Mohnish Pabrai, focusing on value investing strategies across various industries and geographies. The fund primarily invests in publicly traded equities and debt instruments worldwide, targeting growth, late-stage, pre-IPO, and buyout opportunities. It is open to accredited offshore non-U.S. investors and IRA accounts, with minimum investment requirements of $1 million for individuals and $10 million for IRAs, foundations, and endowments. The fund operates under a unique fee structure, charging no management fees until an annualized return of 6% is achieved, after which returns above 6% are split in a 3:1 ratio between limited partners and the managing partner. Holdings are disclosed only as required by law, and investors receive GAAP-compliant audited financials annually. Redemptions are permitted once a year with at least 60 days' advance notice before the December 31 redemption date. The fund's investment philosophy emphasizes a concentrated portfolio of high-quality businesses purchased at a significant discount to intrinsic value, with a long-term investment horizon. This approach aims to achieve superior returns by focusing on undervalued companies with strong fundamentals and competent management teams. The fund's strategy is influenced by the value investing principles of Warren Buffett and Charlie Munger, emphasizing patience, discipline, and a deep understanding of the businesses in which it invests. Pabrai Investment Fund 3, Ltd. is part of the Pabrai Investment Funds family, which also includes Pabrai Investment Fund 2, LP (for accredited U.S. investors) and Pabrai Investment Fund 4 (for qualified U.S. investors). Each fund operates under specific guidelines and minimum investment requirements, catering to different investor profiles while adhering to the overarching value investing philosophy of the firm. The fund's management team, led by Mohnish Pabrai, brings extensive experience in value investing, with a track record of successful investments across various sectors and geographies. This expertise, combined with a disciplined investment approach and a focus on long-term value creation, positions Pabrai Investment Fund 3, Ltd. as a distinctive player in the hedge fund industry, offering investors a unique opportunity to participate in value-oriented investment strategies on a global scale.