Innocap Investment Advisers, LLC. IIA is a private Delaware Limited Liability Company. IIA is wholly owned by HedgeMark International, LLC. a Delaware Limited Liability Company. HedgeMark International LLC. is ultimately owned by Innocap Investment Management Inc. (“Innocap”), which, as of the date of this Brochure, is owned by CDP Investissements Inc. a wholly-owned subsidiary of Caisse de dépôt et placement du Québec (“CDPQ”), and Innocap’s management, via 10313157 Canada Inc. Innocap is a Canadian corporation registered with the relevant provincial regulatory authorities in Canada and with the Securities and Exchange Commission in the United States to provide advisory and investment management services. Innocap has subsidiaries in jurisdictions including the U.S., Ireland, Poland, and India (“Innocap Group”). Investment Management Services Once IIA’s registration has been accepted by the SEC, IIA will provide investment management and advisory services to pooled investment vehicles, dedicated funds, pension funds, financial institutions, management companies and other accredited investors within the meaning of the laws of the relevant jurisdictions, as amended from time to time. In connection with providing these investment management and advisory services, IIA will act as investment manager with discretionary and non-discretionary trading authority depending on the type of mandate. More specifically, IIA will be responsible for: (i) the structuring and management of investment vehicles; (ii) monitoring risk management of investments made by all investment vehicles managed by IIA; and (iii) monitoring compliance of investment vehicles managed by IIA with their respective investment guidelines. When acting on a discretionary basis, IIA will usually either delegate the management of a client’s portfolio, in accordance with the client’s investment guidelines and restrictions, to a sub-advisor (a “Trading Advisor”) or portfolio management is delegated to the Trading Advisor directly by the Fund (as such term is defined below).In addition, IIA and Innocap

Group may also provide various services to its clients including risk management, asset control, cash management (including currency conversions) reporting and due diligence and supervises the trading activities of the Trading Advisor. IIA will serve the Investment Vehicles (collectively the “Funds”), as defined below, in various capacities, as detailed below: - as platform manager to investment vehicles established as: - (1) Delaware limited partnerships (the “Delaware Funds”), - (2) Massachusetts limited liability companies (together with the Delaware Funds, the “US Funds”) - (3) sole investor exempt companies incorporated, and limited partnerships formed in the Cayman Islands (the “Cayman Funds”). - (4) In addition, IIA may offer investment management services to the other Investment vehicles and segregated portfolio companies. The management of the portfolio of the Funds will at times be delegated to sub-advisors (the “Trading Advisors”), which implement various types of investment strategies following their respective investment approaches. The Funds are divided between two types of funds: (1) Funds in which the assets of several investors are pooled (“Commingled Funds”); and (2) Funds dedicated to a sole investor (“Dedicated Funds”). Commingled Funds provide investors with access to various investment strategies while dividing the costs and expenses between several investors. Dedicated Funds offer investors a tailored and dedicated approach to their investment needs but may impose additional requirements such as a higher minimum subscription amount. Investors in the Dedicated Funds may be granted a broader role than investors in Commingled Funds, including input on investment guidelines and restrictions. Investment Restrictions Investors in the Dedicated Funds may impose restrictions on investments in certain securities or types of securities. Investors in the Commingled Funds are generally not permitted to impose such restrictions. Clients’ Assets As of the date of this brochure, IIA manages $0 assets on a discretionary basis.