Proteus, LLC (“Proteus”) is a Delaware limited liability company founded in March 2012. Proteus is a wholly owned subsidiary of Proteus Holdings, LLC, a Delaware limited liability company (“Holdings”). The principal owners of Holdings are Jason C. Brown and Keystone International Holdings, Inc., an Indiana corporation (“Keystone”). The principal owner of Keystone is Jason C. Brown, the Chairman of Holdings’ Board of Managers. Proteus provides investment management and investment advisory services to feeder funds and master funds (collectively “Clients”) through the platform discussed below. Proteus sponsors an alternative investment platform (the “Platform”) that makes available to approved investors professionally managed investment strategies. These strategies may be managed by third-party investment managers, Proteus, or subadvisors to Proteus’ funds (“Underlying Managers”). The Platform provides information to investors that invest in various funds (“Feeder Funds”) which invest in separately managed accounts, other pooled investment vehicles, individual securities or master funds (“Master Funds”) that, in turn, invest in any combination of these investments (collectively “Investment Products”) each of which are managed by Underlying Managers. Underlying Managers available on the Platform are evaluated and selected by Proteus. Proteus constructs and manages portfolios of Investment Products into pools and models which are also available on the Platform (the “Proteus Pools and Models”). The investors in the Feeder Funds (“Investors”) may be individual or institutional investors, but in each case must be “accredited investors” as defined in Rule 501(a) of SEC Regulation D. In addition, some of the Feeder Funds on the Platform may require the investors to be “qualified purchasers” as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), and/or “qualified clients” as defined in Rule 205- 3(d) under the Investment

Advisers Act of 1940, as amended (the “Advisers Act”). The role of Proteus is twofold. First, Proteus operates the Platform and, in this role, operates in an administrative capacity. Second, Proteus also conducts due diligence on, selects, and continuously monitors the Underlying Managers available on the Platform and, in this role, Proteus operates in an advisory capacity. Proteus maintains the authority to terminate a relationship with an Underlying Manager and remove them from the Platform if Proteus determines it is appropriate to do so. Proteus provides Investors, as part of the Platform, information and investigatory tools to facilitate the Investors’ review, due diligence, and decision- making process in evaluating Underlying Managers on the Platform. Further, Proteus creates model portfolios utilizing Underlying Managers. These model portfolios are implemented by Proteus. Proteus actively manages these models and has the ability to add and remove managers, as necessary. Proteus’ Investors subscribe to interests, units or shares (collectively “Interests”) of a Feeder Fund. In this regard, Investors own Interests in the Feeder Fund which invests in Investment Products and are maintained on behalf of the Investor in their capital account (“Investor’s Capital Account”). For short-term cash management purposes, the Feeder Fund may be invested in United States government securities, banker’s acceptances, bank certificates of deposit, commercial paper, high quality short-term instruments, including repurchase agreements, and shares of open-end mutual funds and similar short- term instruments or accounts. Subsequent to a subscription to a Feeder Fund, Proteus provides the Investor with investment monitoring and reporting capabilities until such time as the Investor redeems its investment from the Feeder Fund. As of December 31, 2022, Proteus manages $128,774,783 on a discretionary basis. Proteus does not manage any assets on a non-discretionary basis.