As discussed on the Cover Page, Core Capital Management LLC (the “Filing Adviser” or “Core Capital”) and its affiliated investment adviser, Aiperion LLC (the “Relying Adviser” or “Aiperion”) together have filed a single form ADV in reliance on the umbrella registration provisions provided in SEC Release No. IA-4509 (August 25, 2016). Core Capital, an Illinois limited liability company, commenced its operations as an investment manager in November 2003. Aiperion, a Delaware limited liability company, commenced its operations as a consulting firm in January 2020. Core Capital’s principal place of business is in Chicago, IL. Core Capital’s Managing Partners are Sorina Zahan, Ph.D. (Chief Investment Officer) and William J. Friend. Aiperion’s principal place of business is in Chicago, IL. Aiperion’s Managing Member is Sorina Zahan, Ph.D. (Chief Executive Officer). Core Capital Core Capital is an independent, employee-owned investment management and finance research business specializing in alternative financial instruments for institutional clients, consultants and high net worth investors and their advisors. Core Capital provides advisory services on a discretionary basis to privately offered pooled investment vehicles, which are intended for investment by certain investors that are accredited investors under Rule 501 of Regulation D of the Securities Act of 1933, as amended, and qualified purchasers under Section 2(a)(51) of the Investment Company Act of 1940, as amended (the “Company Act”) so as to comply with the exemptions under Section 3(c)(7) of the Company Act. The private investment vehicles pursue specialized investment strategies (each a “Fund”, and together, the “Funds”).1 Global Credit Strategy Core Capital is also the general partner and investment manager to Core Classic Fund LP (“Core Classic”), a Delaware limited partnership and Core Classic Fund (QP) LP (“Core Classic QP”), a Delaware limited partnership, together in a master-feeder structure (collectively, the “Core Classic Funds”). Core Classic QP currently invests substantially all of its capital in the limited partnership interests of Core Classic. The investment objectives of the Core Classic Funds are: (i) preservation of capital in down markets; (ii) building of capital in up markets; and (iii) superior returns relative to traditional fixed income markets over short, medium and long term horizons. Core Capital seeks to achieve these objectives through a multi-manager, multi-strategy, diversified investment approach, commonly referred to as “fund-of- funds”. 1 As an SEC-registered investment adviser, Core Capital owes a fiduciary duty to all of its clients. In 2006, the decision by the Court of Appeals for the D.C. Circuit in Goldstein v. SEC, 451 F.3d 873 (D.C. Cir. June 23, 2006), with respect to private funds, clarified that the “client” of an investment adviser to

a private fund is the fund itself and not an investor in the fund. For purposes of this Brochure, the terms “Fund” or “Funds” refer to the advisory clients of the Adviser. As discussed in the relevant offering documents, the Core Classic Funds invest in various alternative asset classes, either in the form of hedge funds or similar investment vehicles or, less commonly, separately managed accounts that, in turn, employ a wide variety of credit investment strategies. The investment managers of the various funds or accounts in which the Core Classic Funds invest may focus their investments in specific industry sectors or market segments and/or geographic areas. The investment managers typically employ fundamental, bottoms-up analysis to reach compelling investment decisions and may employ borrowing or other forms of leverage. Core Capital uses numerous selection criteria to identify qualified investment managers with which to invest the Core Classic Funds’ assets and will allocate assets to investment managers with demonstrated records of investment results; however, the Firm may also invest with managers likely to meet Core Capital’s criteria for long-term, superior results. Aiperion Aiperion is a consulting, technology and scientific research firm which specializes in investment risk modeling and uncertainty management for institutional investor portfolios. Aiperion is a related adviser under rule 203A-2(b) of the Investment Adviser Act of 1940, as amended (the “Advisers Act”). Aiperion is under common control with and shares the principal office and place of business as Core Capital. Generally, Aiperion does not provide investment advice to its clients as part of its primary services. Any incidental investment advice provided is done so on a non-discretionary basis. Core Capital Core Capital’s advisory services are provided to its clients, the Funds, pursuant to the terms of the Funds’ relevant offering documents and based on the specific investment objectives and strategies as disclosed in the offering documents. The advisory services each client receives are tailored to the client’s individual needs, specified investment objectives and strategies as set forth in each client’s offering documents. The clients may impose restrictions on investing in certain types of securities in accordance with achieving their investment objectives and strategies. Aiperion The investment risk modeling services provided by Aiperion are tailored to each client’s individual needs and investment objectives as set forth in each client contract. The clients are then free to follow the risk modeling at their discretion. Not applicable. The Advisers do not participate in a wrap fee program. As of December 31, 2023, the Firm had approximately $260,863,289 in regulatory assets under management; $188,346,246 or which were on a non-discretionary basis and approximately $72,517,043 on a discretionary basis.