Product Name: Aetos Capital Opportunities Fund, LLC
As of August 31, 2005

Product Description:                                   The Aetos Capital Opportunities Fund is a SEC-registered 1940 Act Fund, designed to
                                       provide U.S. and Offshore investors a consistent absolute return with moderate to aggressive risk and
                                       return objectives.  Employing a disciplined approach to strategy allocation, manager selection and
                                       portfolio monitoring, this Fund allocates capital to those managers which are: (a) niche strategies by
                                       style, sector, geographic region; (b) smaller hedge funds with less than $500 million in assets under
                                       management; (c) undiscovered or newly organized managers; or (d) funds seeking longer-term
                                       investment opportunities.

Total Firm Assets¹: $7,256MM

Total FoHF Assets: $2,124MM

Total Strategy Assets² : $1,352MM – Separate Accounts

$772MM – Funds/Portfolios

$1,146MM – Portable Alpha³

Auditor: PricewaterhouseCoopers, LLP

Custodian: SEI Private Trust Company, Inc.

Quarterly

Redemptions

60 Days

Notice Period

2 Years

Lock-Up

Monthly

Contributions

$1 Million

Minimum
Investment

Yes

High Water Mark

T-bills

Hurdle Rate

10.0%

Performance Fee

1.0% (0.75% on investments of
$25mm+)

Management Fee

Terms⁴

Current Sub-Strategy Allocation

Real Assets:
13%

Long/Short Equity:
40%

Credit
Related: 20%

Event-Driven: 27%

-3.59%

0.64

13.10%

10.04%

S&P 500 Index

-2.44%

0.78

4.19%

4.88%

Lehman Agg. Bond Composite Index

0.20%

1.58%

90-Day Treasury Bills

Aetos Capital Opportunities Fund,

LLC

Beta:

S&P 500

Beta:

Lehman Agg.

Largest Calendar
Qtr. Drawdown

Sharpe

Ratio

Standard
Deviation

Average
Annualized
Return

Assets Under Management:

¹Total Firm Assets = Aetos Absolute Return - $2,124MM

Aetos Fund Advisory - $332MM

Aetos Capital Asia (Opportunistic Real Estate) - $2,900MM

AEA Investors, LLC (Private Equity) - $1,900MM

²Aetos Capital currently offers the following hedge fund of funds strategies to our clients:

Aetos Funds: SEC-registered, strategy-specific hedge fund of funds:

Aetos Capital Multi-Strategy Arbitrage Fund

Aetos Capital Distressed Investment Strategies Fund

Aetos Capital Long/Short Strategies Fund

Aetos Capital Market Neutral Strategies Fund

Aetos Capital Opportunities Fund

Aetos Portfolios: Tactical allocations to the Funds managed to specific return and volatility targets:

Aetos Capital Conservative Portfolio (lower volatility)

Aetos Capital Balanced Portfolio (low volatility)

Aetos Capital Growth Portfolio (moderate volatility)

Custom Portfolios: Customized allocations to the Funds managed to client-specific return and volatility targets

Separate Accounts: Direct investments made in the client's name with underlying managers

Portable Alpha Mandates: Can utilize both commingled vehicles and separate accounts

³These assets are also included in the count for Funds/Portfolios and the Separate Accounts, as Aetos currently operates only the alpha portion of its portable
alpha accounts.

Aetos Capital, LLC 875 Third Avenue New York, NY 10022 (212) 201-2509

Aetos Alternatives Management, LLC 2180 Sand Hill Road Menlo Park, CA 94025 (650) 234-1860

Aetos Capital: Portfolios and Products

Annual Standard
Deviation

1.27%

2005

December

November

October

September

August

July

Year to Date

June

May

April

March

February

January

2002

2003

2004

Investment Performance⁶ (US$)

Chief Investment Officer:

Anne Casscells - Menlo Park, CA

For More Information Please Contact: Andrea Bollyky (212) 201-2518 abollyky@aetoscapital.com

David Tonkovich (212) 201-2532 dtonkovich@aetoscapital.com

⁴Terms:

Standard terms associated with an investment in the Funds through the investment program described in the prospectuses

⁵Target Allocations:

Target Allocation represents Aetos’ current intention upon full funding. There is no guarantee this target will be achieved or that Aetos’ intentions will not
change over time.

⁶ Investment Performance:

          Performance figures shown are net of investment advisory and performance fees of 1.00% of assets annually and 10% of profits above
the three month Treasury bill return, respectively, the maximum level of fees charged by Aetos to any account. The returns also reflect
Fund level expenses, some of which have been waived and/or reimbursed by the Investment Advisor.  Returns would have been lower
without such waivers and reimbursements.  Past performance is not indicative of future returns.

Absolute return investing involves substantial risks, including the risk of loss of invested capital. Absolute return investments are
typically made through investments in illiquid, unregulated investment funds that employ sophisticated investment techniques, often
involving derivatives and leverage, in a wide range of financial instruments and markets. These investments entail a wide variety of
risks, which remain substantial notwithstanding the risk management practices we employ in selecting and monitoring funds we invest
in.

          Prospective investors should consider the investment objectives, risks, and the charges and expenses discussed above carefully
before investing.  The prospectus contains this and other information; a free copy of the prospectus may be obtained by calling
212-201-2540.  Please read the prospectus carefully before investing.

Aetos Capital, LLC 875 Third Avenue New York, NY 10022 (212) 201-2509

Aetos Alternatives Management, LLC 2180 Sand Hill Road Menlo Park, CA 94025 (650) 234-1860