The Adviser was formed in 2020 by Jonathan Daniel Seymour as a Delaware limited liability company and has its principal place of business in Greenwich, CT. Parallax Portfolio Advisors Corporation (“Parallax”) owns 100% of the Adviser, and Mr. Seymour owns 100% of Parallax. The Adviser provides discretionary investment advice as a sub-adviser to one or more portfolios (“Portfolios” or “Clients”) in a private investment fund (the “sub-advised Fund”) pursuant to the terms, guidelines and restrictions provided in that Portfolio’s investment management agreement (“IMA”). The Adviser also provides discretionary investment advisory services to a separate pooled investment vehicle (the “Cannae Fund”) for which an entity under common control with Cannae serves as the Cannae Fund’s General Partner. The General Partner is subject to the Advisers Act pursuant to Cannae’s registration and in relation to the Cannae Fund, this Brochure describes the business practices of the General Partner, which operates as a single advisory business together with Cannae. Cannae advises the Cannae Fund in accordance with the terms of its Governing Documents. All terms applicable to the Cannae Fund were generally established at or around the time of the formation of the Cannae Fund and are only terminable as set forth in such Governing Documents. The descriptions set forth in this Brochure of specific advisory services that Cannae offers to the sub- advised Fund and the Cannae Fund (together, the “Funds”), the investment strategies pursued and investments made by Cannae on behalf of the Funds, should not be understood to limit in any way Cannae’s investment activities. Cannae may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, that Cannae considers appropriate, subject to the Funds’ investment objectives and guidelines and as set forth in the IMA and the Governing Documents

(hereinafter, together, the “Fund Documents”). There can be no assurance that the Funds’ objectives will be achieved, and investment results may vary substantially. The Funds are exempt from registration under the Investment Company Act of 1940, as amended, and the rules and regulations promulgated thereunder (the “Investment Company Act”) and offer securities that are not registered under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the “Securities Act”). As of December 31, 2023, the Adviser has regulatory assets under management (“RAUM”) of $863,521,000. Cannae does not currently participate in any wrap fee programs. All discussions of the Funds in this Brochure, including but not limited to their investments, the strategies used in managing the Funds, the fees and other costs associated with an investment in the Funds and other terms, are qualified in their entirety by reference to each Fund’s respective Fund Documents. Investment advice is provided directly to the Funds and not individually to the limited partners (each, a “Limited Partner” or “Investor”, and collectively, the “Limited Partners”, or “Investors”) in the Funds. Investors in the Funds participate in the overall investment program for the applicable Fund. With respect to the Cannae Fund, the General Partner has the right to enter into side letters or other similar agreements (“Side Letters”) with certain investors in the Fund that establish different or preferential rights or terms, including but not limited to, different management fees and carried interest percentages, co-investment rights, reporting obligations, the right or terms necessary due to legal, regulatory, tax or other agreed-upon circumstances of the investor, and transfer rights. All such rights and terms alter or supplement the terms of the relevant partnership agreement with respect to such investors.