Caledonia is an SEC-registered investment adviser with its principal place of business in New York, New York, U.S.A. Caledonia was founded in 2017. Caledonia’s principal owners are Manderrah Pty Limited as trustee for GJJ Family Trust and Alfred Global Holdings Pty Limited as trustee for Messara Family Trust. (For purposes of this Brochure, principal owners include those with at least a 25% interest in Caledonia). Caledonia provides discretionary investment management services, directly or through its affiliates, to U.S. and to non-U.S. pooled investment vehicles and single investor funds (“Funds”), as well as to separately managed account clients (“SMAs”) (the “Funds” and “SMAs” collectively together are, the “Clients”). The investment objective of Caledonia is to seek high absolute returns over a long-term horizon by investing on a long/short basis primarily in corporate equity securities, predominantly listed securities, and related instruments in global markets. Caledonia manages Client assets generally within a single long-short global equity strategy in accordance with the terms set forth in the applicable governing documents, which may include, but is not limited to, the offering memorandum, organizational documents, private placement memorandum, prospectus, limited partnership agreement, limited liability company agreement, investment management agreement, and/or subscription agreements (each and collectively, the “Governing Document”). Caledonia does not tailor advisory services to the individual needs of Clients. Please refer to Item 8 of this Brochure

for additional information regarding Caledonia’s methods of analysis and investment strategies, and their associated risks. Prospective investors should refer to the appropriate Governing Document for important additional information and considerations. Clients, in limited circumstances per the Governing Document, may impose restrictions on investing in certain securities. Caledonia (Private) Investments Pty Limited (“Caledonia Australia”), an affiliate of Caledonia and an SEC-registered investment adviser, serves as a sub-adviser to some of the Funds. Another affiliate of Caledonia, Caledonia GP, LLC (“Caledonia GP”), serves as the general partner of certain U.S. based Funds. Caledonia Co-Invest GP, LLC (“Caledonia Co-Inv GP”), also an affiliate of Caledonia, serves as the general partner of certain Funds registered in the Cayman Islands. Caledonia Australia, Caledonia GP and Caledonia Co-Inv GP are related persons of Caledonia. Caledonia Australia, Caledonia GP and Caledonia Co-Inv GP and their employees and personnel are subject to the Investment Advisers Act of 1940 (the “Advisers Act”) and rules thereunder, and to all of Caledonia’s compliance policies and procedures. Each of the personnel of Caledonia Australia, Caledonia GP and Caledonia Co-Inv GP are deemed “persons associated with” Caledonia (as that term is defined in section 202(a)(17) of the Advisers Act) and are subject to SEC examination. As of December 31, 2022, Caledonia managed Client regulatory assets under management on a discretionary basis in the amount of U.S. $4.1636 billion.