Firm Description Fidelis Investors, LLC ("Fidelis Investors," or the "Firm"), a New York limited liability company, was founded in June 2020 and has been registered with the U.S. Securities and Exchange Commission ("SEC") since July 8, 2020. Fidelis Investors' principal place of business is located in Cranford, New Jersey.
The Managing Partners of the Firm, Brian Tortorella and Michael Tessitore founded the Firm and formed its affiliated private investment funds and their general partners (each a "General Partner," and, together the "General Partners"), which are described in more detail below. Brian Tortorella and Michael Tessitore own 100% of Fidelis Investors divided equally between them and are the portfolio managers of the Firm's private investment funds.
Advisory Services Fidelis Investors provides investment advisory services on a discretionary basis to pooled investment vehicles (each a "PIV" and, together, the "PIVs"). The PIVs currently comprise of two active commingled investor funds. Fidelis Investors also provides investment advisory services to single investor funds (each a "SIF" and, together, the "SIFs" and, together with the PIVs, unless the context requires otherwise, each a "Fund" and, together the "Funds"). Fidelis Investors also provides discretionary investment advisory services for separately managed accounts (the "SMA" and, together with the Funds, the "Clients").
As a registered investment adviser, Fidelis Investors is responsible for identifying and evaluating investment opportunities for the Clients, effecting investment transactions, reviewing the investment processes, and monitoring Client performance.
The Funds are not registered as investment companies under the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act") and are, therefore, not subject to various provisions of the Investment Company Act. Interests in the Funds are not registered for sale under the U.S. Securities Act of 1933 (the "Securities Act") and are instead sold to qualified investors on a private placement basis. All limited partners in each Fund (the "Limited Partners") must qualify as accredited investors under the Securities Act and/or "qualified purchasers" under Section 2(a)(51)(A) of the Investment Company Act.
The information with respect to the investments, including client objectives, limitations, and strategies are governed exclusively by the terms of the private placement memorandum, limited partnership agreement, operating agreement, and/or investment management agreement can be found in the Governing Documents. Fidelis Investors is responsible for and has discretion in respect of investing and reinvesting the assets of the Funds in accordance with the Governing Documents. Fidelis also has discretionary investment authority regarding SMA accounts. Qualified investors may obtain a description of each Fund, including its operations and activities, management fees, incentive fees, minimum investment amounts, and structure from the Governing Documents.
Warehouse Fund and Sale of Repo Loans to Fidelis Clients Fidelis Investors WH 2021-01 LP (the "Warehouse Fund") has an investment strategy of providing short-term secured loans in the form of repurchase financings to third-party lenders to

originate short- term bridge, multi-family, new construction, long-term rental, or other mortgage loans ("Repo Loans").
When such Repo Loans are repurchased by the originating lender, such lender will look to sell the Repo Loan to another party, which may include certain Funds, consistent with the investment strategy of a Fund acquiring loans that meet investment guidelines as described in their respective Governing Documents.
4 Direct Lender Services Fidelis Investors is the sole member of Unitas Funding LLC ("Unitas"), its affiliated service provider formed on February 23, 2021. Unitas originates single-family bridge loans, multi-family bridge loans, fix and flip rentals, and new construction home loans (collectively, the "Unitas Loans") in circumstances where no financing is available for the loan. The loans are pre-underwritten and funded and may be owner-occupied investor, or business-purpose loans; with terms ranging from 1-30 years. Currently, the SMA funds Unitas loans and acquires them directly from Unitas promptly after origination.
The use of an affiliated service provider may cause a conflict of interest because, although Fidelis Investors selects service providers that it believes are aligned with its operational strategies and will enhance investment performance, the Firm has the incentive to recommend the affiliated service provider because of its financial or other business interest. It is possible that the Firm would favor such retention or continuation even if a better price and/or quality of service could be obtained from a third party.
Client Tailored Services and Restrictions Investments made by a SIF are made in accordance with the investor's risk tolerance and in compliance with its investment objectives and restrictions as set forth in the applicable investment management agreement.
We provide investment advice to the Funds, and not individually to the Limited Partners, in accordance with the investment objectives and investment restrictions set forth in the Governing Documents.
Limited Partners cannot directly impose any investment restrictions or guidelines on the Fund.
Side Letters Fidelis Investors may enter into side letters with certain Limited Partners. Side letters operate as a private agreement between a private fund manager/adviser and a Limited Partner, whereby the manager/adviser agrees to provide the Limited Partners with certain rights, representations, or information not otherwise available to other Limited Partners. The authority to enter into side letters is set forth in a Fund's Governing Documents, and in conjunction with this Brochure, disclosure about the risks and conflicts of such arrangement should be thoroughly described in such documents. Adherence to the specific terms of each side letter should be continuously and carefully monitored to ensure no preferences are given beyond what is contemplated in the side letter and the disclosures made in the Governing Documents. Side letters will not include rights that would disadvantage other Limited Partners, e.g., the combination of greater transparency rights and greater liquidity rights.
Assets Under Management As of December 31, 2023, Fidelis Investors had regulatory assets under management of $878,928,676 on a discretionary basis for its Clients.