Galapagos Global Capital Management LLC (“Galapagos”, the “Investment Manager”, or the “Firm”) is a Delaware limited partnership that was formed in February 2023. Galapagos International LLC is the managing member and owner of Galapagos. Galapagos Capital Control Participacoes SA and Galapagos Capital Partnership Participacoes SA control Galapagos International LLC. Galapagos’ principal place of business is in Miami, FL. Galapagos offers two different strategies for which are both independent and separate: (i) a Macro Strategy and (ii) a Real Estate Strategy. Macro Funds Galapagos provides discretionary investment advisory services to clients that are private funds. In particular, Galapagos provides investment advisory services to Galapagos Macro Cayman, Ltd., a Cayman Islands exempted company (the “Macro Offshore Fund”), and Galapagos Macro Master LP, a Cayman Islands exempted limited partnership (the “Macro Master Fund”). The Macro Offshore Fund invests all or substantially all of its assets in, and conducts its investment activities through, the Macro Master Fund. Macro Offshore Fund and the Macro Master Fund are each referred to as a “Macro Fund”, and collectively, as the “Macro Funds”. Galapagos Macro GP LLC is the general partner of the Macro Master Fund (the “Macro General Partner”). The Macro General Partner is wholly owned by Galapagos Capital Holding Limited, a Cayman Islands exempted company, which in turn has the same direct or indirect owners as Galapagos. The Macro General Partner appointed a governance committee for the Macro Master Fund (the “Governance Committee”). The Macro General Partner is required to obtain the approval of the Governance Committee prior to taking certain enumerated actions with respect to the Macro Master Fund. In addition, the members of the Governance Committee will also be referred to as each a “Macro Director” and collectively, the “Macro Directors”. The Macro Directors are considered the Directors of the Macro Offshore Fund and have overall responsibility for the management of the Macro Offshore Fund. Within the Macro Funds strategy Sergio Zanini is the Chief Investment Officer, Teo Bastos is the Chief Operating Officer and Jaime Valdivia is the Head of Macroeconomics and Strategy of Galapagos. Real Estate Funds In addition to the above, Galapagos currently provides discretionary investment advisory services to Galapagos US Investments SPC Ltd (the "RE Offshore Fund"), a Cayman registered segregated portfolio company. Within the RE Offshore Fund, there will be four initial Segregated Portfolios: a ‘multifamily’ fund, a ‘healthcare’ fund, a ‘triple net lease’ fund and an omnibus fund. It is anticipated Galapagos will establish a master fund for the RE Offshore Fund where all the investments will take place. For illustrative purposes, the anticipated master fund will be referred to as the “RE Master Fund”. RE Offshore Fund and the RE Master Fund are each referred to as a

“RE Fund”, and collectively, as the “RE Funds”. The Macro Master Fund and RE Master Fund will each be referred to as a “Master Fund” and collectively the “Master Funds”. The Macro Funds and RE Funds will collectively the “Funds”. The Directors of RE Offshore Fund (the “RE Directors”) have overall responsibility for the management of the RE Offshore Fund. Rodrigo Machado is the Head of Real Estate Investments at Galapagos. The Macro General Partner will be referred to as a “General Partner” and “General Partners” for future general partners (or similar). Galapagos manages the Funds pursuant to investment guidelines that are set forth in the relevant governing and offering documents of the Funds, including any limited partnership agreement, investment management agreement, private placement memorandum, and/or subscription agreement (each an “Offering Document”, and collectively, the “Offering Documents”). The Offering Documents contain more detailed information about the Funds, including a description of the investment objective and strategy or strategies employed by the Funds and related restrictions that serve as a limitation on Galapagos’ advice or management. Galapagos will not tailor its advisory services to the individual investors in the Funds (each an “Investor”, and collectively, the “Investors”), or provide Investors with the right to specify or restrict the Funds’ investment objectives or any investment or trading decisions. Accordingly, an investment in a Fund does not create a client-adviser relationship between such Investor and Galapagos. Each of the Funds are expected to rely on the exception from the definition of an “investment company” provided by Section 3(c)(1) and Section 3(c)(7) of the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”). Each Investor is strongly encouraged to undertake appropriate due diligence, including but not limited to a review of relevant Offering Documents and the additional details about Galapagos’ investment strategies, methods of analysis and related risks (as discussed in Item 8 of this Brochure and each Fund’s Offering Documents) in considering whether Galapagos’ advisory services, or an investment in a Fund are appropriate to its own circumstances, based on all relevant factors including, but not limited to, the Investor’s own investment objectives, liquidity requirements, tax situation and risk tolerance before making an investment decision. Additionally, Galapagos maintains three managed accounts (each a “Managed Account” and together “Managed Accounts”) for which it trades on a discretionary basis in accordance with the investment guidelines outlined in the Managed Account’s investment management agreement (the “Investment Management Agreement”). Galapagos does not participate in wrap fee programs. As of March 29, 2024 Galapagos has $150,250,000 of regulatory assets under management between the Funds and the Managed Accounts on a discretionary basis.