/C O R R E C T I O N -- Wood Creek Capital Management, LLC/

In the news release, Wood Creek Capital Management Announces New Fund by Affiliate Rosemount Capital Management, LLC issued earlier today by Wood Creek Capital Management, LLC over PR Newswire, the sixth paragraph was transmitted incompletely by PR Newswire. It should read "Wood Creek's other affiliated funds are actively making investments into music copyrights, mature branded drugs, technology patents, commodity finance and says Mr. Rotolo 'our pipeline of deals has never been more robust.'" Complete, corrected release follows:

   Wood Creek Capital Management Announces New Fund by Affiliate Rosemount
                           Capital Management, LLC

Rosemount Offshore Fund to Meet Investor Demand for Trade Finance Obligations

NEW HAVEN, Conn., Sept. 2 /PRNewswire/ -- Wood Creek Capital Management, a leader and innovator in new alternative asset management products and in alternative alternatives(R), today announced the launch of Rosemount Capital Management's offshore fund. Rosemount Capital Management is an affiliate of Wood Creek Capital. The offshore fund is managed out of Rosemount'sDublin, Ireland offices and will pursue the same strategy of directly originating, structuring and syndicating global trade finance obligations as Rosemount's onshore fund, which was launched in December, 2005.

Launched this August 1st, Rosemount's new offshore fund was created in order to meet offshore demand for trade finance exposure. With a staff of 14 full-time professionals, Rosemount has built up an enviable reputation as a leading provider of trade finance debt to mid-sized companies located primarily inLatin America andEastern Europe. Rosemount was the first non- financial institution to win the Global Trade Review's "Best Deals of 2006" and "Best Deals of 2007." Wood Creek seeded Rosemount's domestic fund in December, 2005. Since then, Rosemount has directly originated over $500 million of primary market loans as well as transacted over $1.2 billion in primary and secondary market deals.

Brett Hellerman, CEO of Wood Creek Capital, said "The launch of Rosemount Global Trade Finance's new offshore fund is a significant step in realizing the long-term market opportunity Wood Creek Capital sees in facilitating cross-border trade through non-traditional sources of capital. The fact that it comes at an unusually difficult time for alternative investments in general and hedge funds in particular, speaks to our long-term commitment to this strategy and to Rosemount."

"We expect the rest of 2008 to be extremely active in establishing new partnerships such as our relationship with Rosemount," said Jonathan Rotolo, Chief Operating Officer of Wood Creek Capital. "This is an excellent time to move into a number of markets and disintermediate traditional capital providers like commercial and investment banks."

Rosemount has carved out a significant presence in the market as an efficient provider of trade finance debt to emerging market borrowers. Investment strategies, such as Rosemount's, have become increasingly appealing as an alternative to portfolios of financial securities.

Wood Creek's other affiliated funds are actively making investments into music copyrights, mature branded drugs, technology patents, commodity finance and says Mr. Rotolo "our pipeline of deals has never been more robust."

About Wood Creek Capital Management, LLC

Wood Creek was formed in August of 2005. The firm was created to develop and manage the next generation of alternative investment funds, what we call alternative alternatives(R). These strategies are typically asset-based and may involve making markets in inefficient, asset-based sectors. Areas of focus for Wood Creek include intellectual property, hard assets, intangible assets, asset-based lending, trade finance and environmental finance. Wood Creek does not invest in financial securities arbitrage strategies or in traditional debt and equity securities. At the time of formation Wood Creek was faced with a nascent investment universe. As a result, it began its investing by seeding several single strategy investment funds to stimulate the development of the market. Since that time, the investment universe has evolved and in August 2006 the firm launched a multi-manager product called Wood Creek Multi-Asset Fund (WCMAF).

For more information on Wood Creek or Rosemount please contact: Brett D. Hellerman or Alex Thomson on 203.401.3220. Additional information can be found at www.woodcreekcap.com

------

Wood Creek Capital Management Announces New Fund by Affiliate Rosemount Capital Management, LLC

Rosemount Offshore Fund to Meet Investor Demand for Trade Finance Obligations

NEW HAVEN, Conn., Sept. 2 /PRNewswire/ -- Wood Creek Capital Management, a leader and innovator in new alternative asset management products and in alternative alternatives(R), today announced the launch of Rosemount Capital Management's offshore fund. Rosemount Capital Management is an affiliate of Wood Creek Capital. The offshore fund is managed out of Rosemount'sDublin, Ireland offices and will pursue the same strategy of directly originating, structuring and syndicating global trade finance obligations as Rosemount's onshore fund, which was launched in December, 2005.

Launched this August 1st, Rosemount's new offshore fund was created in order to meet offshore demand for trade finance exposure. With a staff of 14 full-time professionals, Rosemount has built up an enviable reputation as a leading provider of trade finance debt to mid-sized companies located primarily inLatin America andEastern Europe. Rosemount was the first non-financial institution to win the Global Trade Review's "Best Deals of 2006" and "Best Deals of 2007." Wood Creek seeded Rosemount's domestic fund in December, 2005. Since then, Rosemount has directly originated over $500 million of primary market loans as well as transacted over $1.2 billion in primary and secondary market deals.

Brett Hellerman, CEO of Wood Creek Capital, said "The launch of Rosemount Global Trade Finance's new offshore fund is a significant step in realizing the long-term market opportunity Wood Creek Capital sees in facilitating cross-border trade through non-traditional sources of capital. The fact that it comes at an unusually difficult time for alternative investments in general and hedge funds in particular, speaks to our long-term commitment to this strategy and to Rosemount."

"We expect the rest of 2008 to be extremely active in establishing new partnerships such as our relationship with Rosemount," said Jonathan Rotolo, Chief Operating Officer of Wood Creek Capital. "This is an excellent time to move into a number of markets and disintermediate traditional capital providers like commercial and investment banks."

Rosemount has carved out a significant presence in the market as an efficient provider of trade finance debt to emerging market borrowers. Investment strategies, such as Rosemount's, have become increasingly appealing as an alternative to portfolios of financial securities.

Wood Creek's other affiliated funds are actively making investments into music copyrights, mature branded drugs,

About Wood Creek Capital Management, LLC

Wood Creek was formed in August of 2005. The firm was created to develop and manage the next generation of alternative investment funds, what we call alternative alternatives(R). These strategies are typically asset-based and may involve making markets in inefficient, asset-based sectors. Areas of focus for Wood Creek include intellectual property, hard assets, intangible assets, asset-based lending, trade finance and environmental finance. Wood Creek does not invest in financial securities arbitrage strategies or in traditional debt and equity securities. At the time of formation Wood Creek was faced with a nascent investment universe. As a result, it began its investing by seeding several single strategy investment funds to stimulate the development of the market. Since that time, the investment universe has evolved and in August 2006 the firm launched a multi-manager product called Wood Creek Multi-Asset Fund (WCMAF).

For more information on Wood Creek or Rosemount please contact: Brett D. Hellerman or Alex Thomson on 203.401.3220. Additional information can be found at www.woodcreekcap.com

SOURCE Wood Creek Capital Management, LLC

Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze, Daily News

Tags: ,FIN,MFD,PDT,CT-Wood-Creek-Fund

   _   _

           

Is your favorite bookmark site missing? Ask for it.