Wincoram is a Texas-based investment advisory firm that seeks to deliver attractive risk-adjusted returns from hedged risk exposures, with a focus on the oil and gas markets. Wincoram believes that proper capital structuring of traditional energy assets is achieved through the integration of expertise in underwriting physical and market risk with innovative capital solutions, seeking to afford investors scalable and repeatable returns in a transparent environment. Wincoram is principally owned by Wincoram Holdings LP and is headquartered in Houston, Texas. The owners of Wincoram are set forth on Schedule A of Part 1A of the Firm’s Form ADV. Wincoram provides advisory services to select institutional investors with respect to their investments in newly formed investment entities (each, a “Separately Managed Account,” and collectively, the “Separately Managed Accounts”) and pooled investment vehicles (each, a “Fund,” and collectively, the “Funds”). Throughout this brochure, “Clients” refer to the Separately Managed Accounts and the Funds. The Clients were created to acquire one or more financial and/or real property interests (the “Assets”) intended to provide such Clients with exposure to underlying physical energy assets that provide attractive risk-adjusted returns and prompt and regular income, along with such associated investment and hedging positions as may be established by Wincoram. The Separately Managed Accounts are structured as domestic entities and are exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”). The Funds are structured as Delaware limited partnerships and are exempt from registration under the Investment Company Act. The specific structure and characteristics of each Client are described in greater detail in the organizational documents and subscription materials for the applicable Client. The general partner of each Fund is an affiliate of Wincoram. The terms, nature and scope of the advisory services

provided by Wincoram to its Separately Managed Accounts and to prospective investors in a Separately Managed Account are subject to negotiation by Wincoram and the applicable investor, based on the investor’s specific financial and investment objectives, risks and goals. The Separately Managed Accounts have individual investment guidelines and objectives, as detailed in their respective offering materials and governing documents. Wincoram does not exercise investment discretion over the Separately Managed Accounts. Wincoram provides non-discretionary investment advice with respect to asset allocations to the Separately Managed Accounts. Wincoram generally invests the assets of a Separately Managed Account in specified pools of Assets identified to the investors investing in such Separately Managed Account at the time of their investment, subject to the terms agreed upon described in more detail in each Separately Managed Account’s governing documents. In connection with Wincoram’s Funds, investment advisory services are provided directly to the Funds and not to the individual investors in the Funds. Wincoram tailors its advisory services to the needs of the Funds but not to the individual needs of underlying investors. Wincoram provides discretionary investment advisory services to the Funds and manages the Funds in accordance with the investment objectives and limitations set forth in each Fund’s offering memoranda, governing documents, subscription agreements, side letters, investment management agreements, and other relevant documents between Wincoram and the Funds, as applicable. Wincoram’s advisory services are further described below under “Item 8. Methods of Analysis, Investment Strategies and Risk of Loss.” Wincoram does not participate in any wrap fee programs. As of December 31, 2023, Wincoram advises approximately $130,540,419 of Client assets on a discretionary basis and advises approximately $2,255,042,979 of Client assets on a non-discretionary basis.