(A) Description of Our Advisory Firm. GFG Alternative Investment Advisors LLC (“GFG”, or “us”, “we” or “our”) is a SEC registered investment adviser. As stated on the cover page of this Brochure, registration as an investment adviser does not imply a certain level of skill or training. GFG has been in business since 2010. The principal owners and controlling persons of GFG are Erik Friedman and Brian Robinson (the “Principals”) and Greenwich Finance Group LLC (“Greenwich Finance Group”), a holding company wholly-owned by the Principals. References herein to “GFG” shall be deemed to include GFG’s affiliates, as applicable, unless the context otherwise requires. (B) Types of Advisory Services We Offer. Advisory Clients. GFG provides investment management services to, and has discretionary investment authority over the assets of private investment funds (the “Funds”). Such investment management services are generally referred to herein as “advisory services”. The Funds are private investment vehicles formed to pool the assets of investors (investors in the Funds and in Other Investment Vehicles (as defined below), collectively, the “Investors”) for investment as summarized in Item 8 below and as described in the private placement memorandum of each Fund (each such document for a Fund or Other Investment Vehicle, a “PPM”). GFG distributes the relevant PPM to prospective investors in such Fund together with the limited partnership agreement and subscription documents for such Fund (which, collectively with the PPM, with respect to each GFG Investment Vehicle, is referred to herein as the “Offering Documents” of such vehicle). The Principals of GFG, both directly and indirectly through their ownership in Greenwich Finance Group, are also the principal owners and controlling persons of the general partners of the GFG Investment Vehicles, and thus control the business and affairs of the Funds. GFG’s clients are referred to herein as “Clients”. Currently, the Funds are GFG’s sole Clients. While the Funds are currently GFG’s sole Clients, in the future GFG may also provide investment advisory services to other investment vehicles, separately managed accounts or other accounts or similar arrangements (collectively, the “Other Investment Vehicles”, and together with the Funds, the “GFG Investment Vehicles”). Specifically, GFG may, in the future, among other things:
• provide investment advisory services to additional private investment funds (“Additional Funds”);
• provide investment advisory services to one or more individual investors through separately managed account arrangements (“Separately Managed Accounts”);
• advise entities that act as feeder vehicles into certain Funds (“GFG Feeder Funds”);
• provide investment advisory services to specially formed investment vehicles through which certain investors may invest in substantially the same portfolio as

the Funds in order to meet tax, regulatory or other requirements (“Parallel Investment Vehicles”); and
• form Other Investment Vehicles, Separately Managed Accounts or other accounts or arrangements through which certain persons generally invest alongside one or more Funds (each, a “Co-Investment Vehicle”). In certain cases, Co-Investment Vehicles may pursue investments that are not pursued by Fund. Nature of Advisory Services. GFG seeks to identify proprietary investment opportunities with superior risk-adjusted returns and participates in the acquisition, management, monitoring and/or disposition of such investments on behalf of the GFG Investment Vehicles. Since inception, we have primarily provided investment advisory services related to investments in assets originated by specialty finance companies (“Specialty Finance Asset Investments”). Such Specialty Finance Asset Investments may be in “whole asset”, “equity” or “debt” form, either directly or indirectly through acquiring interests in special purpose entities which purchase assets or interests in such assets. Although the primary focus of GFG to date has been Specialty Finance Asset Investments, GFG may also from time to time in the future offer advice on other investment types (in each case to the extent consistent with the applicable GFG Investment Vehicle’s investment objectives and strategies (please see Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss, below)). (C) Tailoring of Our Advisory Services. GFG generally provides investment advisory services to a GFG Investment Vehicle pursuant to a separate investment management agreement (and in the future may include sub-advisory agreements) (each, an “Investment Management Agreement”). Each GFG Investment Vehicle’s Investment Management Agreement sets forth the terms of the investment advisory services GFG provides to the GFG Investment Vehicle. Investment guidelines for each GFG Investment Vehicle, if any, are generally established in its organizational documents or Offering Documents, Investment Management Agreement and/or side letter agreements negotiated with Investors, if applicable (collectively, the “Governing Documents” for such GFG Investment Vehicle). We generally provide investment advice directly to the GFG Investment Vehicles, and not individually to the Investors in the GFG Investment Vehicles. As more fully described in Item 11 below, GFG and its related entities routinely enter into side letter agreements with certain Investors in the GFG Investment Vehicles providing such Investors with customized terms, which often results in preferential treatment for such Investors. (D) Wrap Fee Programs. GFG does not participate in wrap fee programs. (E) Amount of Client Assets We Manage. As of December 31, 2023, we manage $422,558,347 of Client assets on a discretionary basis and no Client assets on a non- discretionary basis.