Wilmington Trust Asset Management, LLC (WTAM), was formed in 2023 as a Delaware limited
liability company and is a wholly owned subsidiary of M&T Bank Corporation, which is a publicly
traded bank holding company (NYSE: MTB). WTAM serves as the investment adviser to certain Rodney
Square Private Funds (some of which were formerly known as Wilmington Private Funds), a family of
private investment funds, for which WTAM also serves as either the general partner or managing
member of each fund. WTAM’s affiliate, Wilmington Trust Investment Management, LLC (WTIM),
formerly acted as investment adviser and general partner / managing member of these funds.
As of the date of this brochure, WTAM had total assets under management of approximately
$290,463,1821 all of which are discretionary assets under management.
WTAM incorporates asset allocation as a component of its advice or otherwise determines asset
allocations for the Rodney Square Private Funds. For certain Rodney Square Private Funds, WTAM
evaluates, and recommends or selects sub-advisers, fund managers and funds for day-to-day investment
management of each fund’s assets.
WTAM leases designated personnel from one or more of the following affiliates:
Wilmington Trust
Investment Advisors, Inc. (WTIA), Wilmington Trust Company (WTC), Wilmington Trust, N.A.
(WTNA), and/or Manufacturers and Traders Trust Company (M&T Bank). Such personnel, as employees
of WTAM, provide WTAM investment management related services under the exclusive direction of and
on behalf of WTAM subject to policies, procedures, guidelines and objectives established by WTAM.
Any information including information regarding any private fund’s investment objectives, strategies
employed, risks, fees and expenses, are qualified in their entirety by reference to each fund’s offering
materials including private placement memorandum (PPM), operating agreement/limited partnership
agreement, articles of association, and subscription document as provided to investors in such funds. The
Rodney Square Private Funds are not registered under the Investment Company Act of 1940, as
amended, nor are interests in the funds registered under the Securities Act of 1933, as amended.
Accordingly, interests in each of the Rodney Square Private Funds are offered and sold exclusively
through means of a confidential PPM and only to investors satisfying the applicable eligibility and
suitability requirements.