Paragon Capital LP is a private special situations hedge fund that seeks to achieve high returns while reducing downside risk. Paragon’s strategy is focused primarily on three opportunistic investment areas: 1) private investments in public entities (PIPEs), 2) reverse mergers and alternative public offerings, and 3) bridge loans. Paragon has been one of the best performing funds in recent years, significantly outperforming the NASDAQ, S&P 500 and DJIA in each year. Since inception, Paragon has generated an average return of over 70% per year, net of all fees. By comparison, the S&P 500 has produced an average annual return of under 7% over the same time period. This performance ranks Paragon in the top 1% of all hedge fund strategies listed on HedgeFund.net for 2005 and 2006.