Medalist is an alternative investment management firm headquartered in New York City focused on asset-based private credit, structured credit and CLOs. Prior to the formation of Medalist in May 2018, certain senior members of the Medalist investment team have worked together dating back to 2000, initially for certain wholly-owned subsidiaries of Credit Suisse Group AG and thereafter with Candlewood Investment Group, LP. Medalist was formed as a Delaware limited liability company in 2017 and converted to a Delaware limited partnership in 2018. The principal owners and partners of Medalist are Gregory Richter, Michael Ardisson and John Slonieski. Gregory Richter is also the managing member of Medalist Partners General LLC, the general partner of Medalist. Medalist commenced operations on May 1, 2018. Medalist provides investment management services to private pooled investment vehicles, including private funds and real estate investment trusts (“REITs”) (collectively, the “Medalist Funds”) that are offered to investors on a private placement basis and to regulated investment vehicles, including registered investment company clients (each a “RIC”). The investment vehicles Medalist advises generally are structured as Delaware limited partnerships, Delaware limited liability companies, Maryland statutory trusts, Cayman Islands exempted limited partnerships and Cayman Islands exempted companies. Generally, Medalist is appointed as an investment manager with discretionary trading authorization in connection with the investment management services it provides to the Medalist Funds. However, with respect to certain clients, including RICs and certain other private investment funds or separate accounts, Medalist generally provides discretionary investment management services as a sub-advisor. Medalist may provide both discretionary and non-discretionary advisory services to these other clients. Medalist Partners Opportunity

II, LLC and Medalist Partners Private Credit III GP LLC (collectively, the “Relying Advisers”) are each a related adviser of Medalist under Rule 203A-2(b) and, furthermore, are disclosed as relying advisers of Medalist on Schedule R of Part 1A of this Form ADV. The Relying Advisers each serves as a general partner and trustee to certain Medalist Funds (including certain REITs). The Relying Advisers have each delegated day-to-day management of the Medalist Funds for which it serves as a general partner or trustee to Medalist. Accordingly, the operational disclosures and risks set forth herein with respect to Medalist also generally apply to the Relying Advisers. Medalist employs multiple strategies on behalf of its clients, including, but not limited to, structured credit, asset finance, current income, opportunistic credit, and specialty lending strategies. Such strategies involve various liquidity profiles, including liquidity only upon realization events or semi-annual, quarterly or daily liquidity. Medalist has also sponsored co- investment vehicles to make specific investments. The Medalist Funds maintain certain individual position and industry limits, calculated at the time investments are made, based on aggregate net asset value. Investors and prospective investors in each Medalist Fund should refer to the confidential private placement memorandum, limited partnership agreement and/or memorandum and articles of association and other governing documents for each Medalist Fund (the “Governing Documents”) for more complete information on the investment objectives and investment restrictions with respect to a particular Medalist Fund. There is no assurance that any of the Medalist Funds’ investment objectives will be achieved. As of December 31, 2022, Medalist managed regulatory assets under management of approximately $1,132,453,618 on a discretionary basis and $0 on a non-discretionary basis.