DigitalBridge Management DigitalBridge Investment Management, LLC (“DigitalBridge Management”) is a Delaware limited liability company formed in August 2017 and an indirect majority-owned subsidiary of DigitalBridge Group, Inc. (NYSE: DBRG) (“DBRG” and together with its subsidiaries, “DigitalBridge”). Prior to its name change on June 22, 2021, DigitalBridge was known as Colony Capital, Inc. Prior to July 25, 2019, DigitalBridge Management was jointly owned by DigitalBridge and Digital Bridge Holdings, LLC (“DB Holdings”). On July 25, 2019, DigitalBridge indirectly acquired DB Holdings. In July 2020, affiliates of Wafra Inc. (“Wafra”), a global investment management platform, acquired a minority stake in DigitalBridge Management. Wafra’s investment was made to provide DigitalBridge with permanent capital to pursue investments across the digital infrastructure ecosystem. On April 18, 2022, DBRG announced that a DBRG subsidiary had agreed to purchase Wafra’s interests in DigitalBridge Management for a combination of cash, DBRG common stock and an earnout (which, if applicable, would be paid in cash and additional DBRG common stock). The transaction closed on May 23, 2022. As a result of the foregoing, Wafra is no longer the holder of a passive minority investment in DigitalBridge Management and to the extent Wafra makes a capital commitment to a new DigitalBridge Management Fund it will not form part of the sponsor commitment and will be routed as a direct capital commitment to the DigitalBridge Management Fund alongside other third-party investors. DigitalBridge Management Advisers serve as investment advisers to private equity style investment funds and co- investment vehicles (“Closed-End Funds”), and funds which intend to invest primarily in publicly traded securities (“Open-End Funds”), and have advised, and may again in the future advise, funds which invest primarily in performing senior secured bank loans through structured credit vehicles (e.g., collateralized loan obligations, “CLOs”) (each, a “CLO Fund” and together with the Closed-End Funds and the Open-End Funds, the “DigitalBridge Management Funds”, “Fund(s)” or “Client(s)”) and provides other investment management services as indicated in this brochure. The DigitalBridge Management Advisers have and may in the future, as an accommodation or for strategic reasons, also enter into certain separate account or sub-advisory relationships with clients that are managed according to one or more strategies followed by the Closed-End Funds or Open-End Funds. Therefore, disclosures made throughout this brochure regarding the DigitalBridge Management Funds also refer to the separate account and sub-advised clients, unless otherwise stated. The DigitalBridge Management Closed-End Funds invest in mobile and internet infrastructure, including data centers, macro cell towers, fiber networks and small cell networks (collectively, “Digital Infrastructure”) primarily via privately negotiated investments. Each DigitalBridge Management Closed-End Fund typically focuses on either equity investments or debt investments of Digital Infrastructure assets and/or businesses, as described in each such Fund’s Governing Documents. The DigitalBridge Management Open-End Funds generally invest in (1) Digital Infrastructure and related commercial real estate and (2) companies in sectors such as media, telecom, communications technology, data networking, component suppliers, contract manufacturers and engineering and construction (collectively, the “Global Communications and Media Ecosystem”) via publicly traded securities. DigitalBridge DigitalBridge is a global investment management firm publicly traded on the New York Stock Exchange. Marc C. Ganzi is the Chief Executive Officer of DigitalBridge and Benjamin J. Jenkins is the President and Chief Investment Officer of DigitalBridge. DigitalBridge Management and the Relying Advisers The advisory business of DigitalBridge Management (which includes the Relying Advisers described below) primarily consists of advising the DigitalBridge Management Funds. The investment strategies of the DigitalBridge Management Funds are generally focused on making direct and indirect investments in Digital Infrastructure and, in the case of the Open-End Funds, Digital Infrastructure, and commercial real estate-related securities and the Global Communications and Media Ecosystem. DBP Fund Adviser, LLC, DCL Adviser, LLC, DC Liquid Strategies Adviser, LLC, Digital Credit Advisor, LLC, CreditBridge Advisor, LLC, DigitalBridge Liquid Accounts Adviser, LLC and DigitalBridge Strategic Adviser, LLC (the “Relying Advisers”), each of which is a wholly-owned subsidiary of DigitalBridge Management, provide investment advisory and related services as part of DigitalBridge Management’s advisory business. The Relying Advisers from time to time also engage DigitalBridge Management affiliates and third parties for the provision of services. DigitalBridge Management and the Relying Advisers generally have common policies and procedures with respect to their clients, share senior management teams and key personnel, and are collectively referred to herein as the “DigitalBridge Management Advisers,” or “DigitalBridge Management,” as the context requires. The DigitalBridge Management Advisers have implemented specified policies and procedures designed to mitigate potential conflicts of interests and to ensure that its personnel operate on a “need to know” basis within the constraint of applicable policies, procedures and regulations. Each DigitalBridge Management Adviser is a separate and distinct company that may have differing investment capabilities and functions, but the DigitalBridge Management Advisers work collaboratively to provide advice and services to Clients. In some cases, the DigitalBridge Management Advisers are subject to compliance with certain information barriers and/or procedures. As of December 31, 2022, the DigitalBridge Management Advisers managed $27,967,735,632 client assets on a discretionary basis and $832,357,595 client assets on a non-discretionary basis. Assets under management are calculated and presented in this Brochure according to the requirements of the Advisers Act and may differ from the calculation and presentation of assets for purposes of other disclosures made by DigitalBridge, DB Holdings, or DigitalBridge Management’s Clients. DigitalBridge Management Advisers The DigitalBridge Management Advisers provide investment management services to the DigitalBridge Management Funds, which primarily consists of private investment funds, separately managed accounts and co- investment vehicles, whose investment

strategies are focused on making direct and indirect investments in Digital Infrastructure and, in the case of the Open-End Funds, Digital Infrastructure, and commercial real estate-related securities, and the Global Communications and Media Ecosystem and other companies, funds and accounts that may be sponsored or co-sponsored by DigitalBridge, DB Holdings, DigitalBridge Management or otherwise advised by DigitalBridge Management in the future, both in the United States and internationally. Certain DigitalBridge Management Advisers act as a sub-advisor to certain unaffiliated limited partnerships (the “Sub- Accounts”) in which it provides investment advice and discretionary investment management services to the Sub- Accounts. Please see Item 8 for additional information regarding certain Open-End Fund’s investment strategy. Other Affiliates Certain other affiliates of DB Holdings and DigitalBridge provide investment advisory and related services under separate registrations with the SEC and are not covered by this Brochure. Some of these other registered affiliates do not have common policies and procedures but may share certain management teams or personnel with DigitalBridge Management, DigitalBridge, DB Holdings, and the Relying Advisers but are treated as separate and distinct companies and SEC registrants. These separate registered investment adviser affiliates may offer a variety of investment strategies and services to a number of different clients, including, without limitation, (i) private investment funds and co-investment vehicles, and (ii) provide active management services to special purpose vehicles (“SPVs”) and direct accounts. The registered investment adviser affiliates not covered under this Brochure include, but are not limited to: Colony Capital Investment Advisors, LLC (Delaware) (see also Item 10 below), Digital Bridge Advisors, LLC (Delaware), InfraBridge Investors (US) Limited (Delaware), DigitalBridge Group Advisors, LLC (Delaware), Colony Capital UK, Ltd. (United Kingdom), CNI One Cal Plaza Investment Advisor, LLC (Delaware), CNI Century Plaza Advisor, LLC (Delaware), and Colony LatAm Holdings, LLC (Delaware). Further information about the advisory businesses of these affiliates can be found in the public disclosures on Form ADV for those firms. About the DigitalBridge Management Funds As a general matter (excluding DigitalBridge Management’s separate account, certain co-investment vehicles and sub-advisory relationships), each DigitalBridge Management Fund is managed in accordance with its investment objectives, strategies and guidelines and is not tailored to the individual needs of any particular investor and an investment in a DigitalBridge Management Fund does not, in and of itself, create an advisory relationship between the investor and DigitalBridge Management. Therefore, investors must consider whether the DigitalBridge Management Fund meets their investment objectives and risk tolerance prior to investing in a DigitalBridge Management Fund. Services to the DigitalBridge Management Funds The DigitalBridge Management Advisers generally advise and manage the day-to-day investment affairs of the DigitalBridge Management Funds, and may act in one or more capacities, including as a general partner. In connection with the consummation of certain investments on behalf of Clients, the DigitalBridge Management Advisers may, but are not required to, employ hedging techniques designed to protect the Client against adverse movements in currency or interest rates. The DigitalBridge Management Advisers will invest a portion of Clients' funds in liquid, short-term investments, such as bank and certificates of deposit or deposit such funds in a money market fund. The DigitalBridge Management Advisers estimate that the portion of its activities related to such advisory services will not be significant. Except as specifically disclosed in the relevant documents (e.g. limited partnership agreements, investment advisory agreements), DigitalBridge Management manages each DigitalBridge Management Fund on a discretionary basis (subject to any limitations set forth by the relevant Governing Documents, investment board, general partner, or similar governing body, as applicable). Other Services to the DigitalBridge Management Funds Certain DigitalBridge Management Funds may retain DigitalBridge Management or its affiliates to provide and/or reimburse DigitalBridge Management or an affiliate for provision of additional services, in which case such services will be provided on terms comparable to those generally available in arms-length transactions. For example, one of our affiliates receives administrative service fees which is offset against management fees from a portfolio company pursuant to a preexisting arrangement with the portfolio company for services provided by the affiliate, as discussed in detail in Item 5. Another affiliate, DigitalBridge Luxembourg S.à.r.l., a Luxembourg holding company, provides in-house accounting and administrative services for various investments and certain general partners of DigitalBridge Management Funds. The DigitalBridge Management Fund will reimburse, upon receipt of invoice, the holding company for an allocation of actual costs (including salary, bonus, and benefits reimbursements of personnel and associated persons overhead) based on time spent by staff employed by DigitalBridge Luxembourg S.à.r.l and all direct expenses incurred for each investment. The amount of such reimbursement is not offset against management fees. DigitalBridge APAC Pte Limited, an affiliate of DigitalBridge Management, may provide investment management services to certain Singapore-incorporated holding or portfolio companies of DigitalBridge Management Funds (“Singapore Entity/Entities”), which are incentivized under Section 13O or Section 13U of the Income Tax Act 1947 of Singapore; an investment management fee would be paid by each applicable Singapore Entity pursuant to the non-discretionary investment management agreements entered into between DigitalBridge APAC Pte Limited and the Singapore Entity. DigitalBridge Management typically enters into “side letters” with investors in the DigitalBridge Management Funds, which allow for certain additional rights, including, without limitation, rights to serve on DigitalBridge Management Fund Investor Advisory Committees, co-investment rights, additional reporting rights, as discussed in Item 5, reduced fee structures and certain other rights in the event of tax, regulatory, legal or other circumstances applicable to such investors. DigitalBridge Management does not currently engage in wrap fee programs.