The Adviser is a newly formed Delaware limited liability company and an investment adviser located in New York, New York. The Adviser has its principal place of business in New York, New York. The principal owners of the Advisor are Mr. Robert Kinderman and Mr. Randolph Takian. Please see Form ADV Part 1, Schedule A for information on the Adviser’s current ownership. The Adviser will provide discretionary investment advisory services through certain of its affiliates (the “Advisory Affiliates”) to newly formed privately pooled investment vehicles (the “Clients” or the “Funds”) and separately managed accounts (the “Managed Account Clients”). Investment advisory services will be provided directly to the Funds and not to investors in the Funds. Accordingly, such services are tailored to each Fund’s investment objectives, strategies and guidelines as described in the respective Fund’s offering documents. The Adviser provides investment advisory services to its Managed Account Clients in accordance with each Client’s respective investment management agreement and the investment objectives, strategies and guidelines set forth in the respective investment management agreement. Depending on the characteristics of each Fund’s underlying investments and the Fund’s investor base, the Fund may be formed as a domestic or offshore entity, may issue debt securities to its investors, and may include one or more parallel vehicles and investment holding structures, where deemed appropriate by the Adviser to facilitate the investment objectives of the Fund and its investors. The specific structure and characteristics of each Fund, including investment guidelines, will be described in greater detail in the organizational documents and subscription materials for the applicable Fund. Because the Adviser’s advisory business is expected to be limited

to providing advice to the Funds in accordance with their respective governing documents, the Adviser generally does not intend to tailor its advisory services to the individual needs of specific investors in any Fund. The Funds are expected to have individual investment guidelines and objectives, as detailed in their respective offering materials and governing documents. While the Adviser will generally utilize similar strategies for all of the Funds, the Adviser will tailor its advisory services to the specific needs of a Fund when deemed necessary by the Adviser. In addition, the Adviser’s advisory services and strategies are further described below in “Item 8: Methods of Analysis, Investment Strategies and Risk of Loss.” The Funds expects to generally invest across residential and commercial mortgage loans and securities (“RMBS” and “CMBS”), consumer loans and asset-backed securities (“ABS”), other structured credit products and corporate assets, related performing and distressed portfolios and derivatives. All of the Funds will be exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”), pursuant to Sections 3(c)(1) or 3(c)(7) of the Investment Company Act or by virtue of accepting only foreign investors. Interests in the Funds will be privately offered only to qualified investors. Certain Advisory Affiliates may be responsible for serving as general partners (or similar managing fiduciaries) of the Funds (the “General Partners”). The Adviser does not participate in any wrap fee programs. The Adviser is registering as an investment adviser in anticipation of having assets under management in excess of $25 million within 120 days of its registration; however, as of the date hereof, the Adviser does not advise any client assets on a discretionary or non-discretionary basis.