Identify your principal owner(s). Founded in 2003, Benchmark Plus Management, LLC (“Benchmark” or the “Adviser”) is a Delaware limited liability company registered as an investment adviser with the U.S. Securities & Exchange Commission (“SEC”). Robert S. Ferguson, Scott Franzblau, Stephen Westphal and Steven Carroll are the principal owners of Benchmark. Robert S. Ferguson, Stephen Westphal and Steven Carroll are the Managing Members. Scott Franzblau retired from Benchmark on December 31, 2020. Benchmark provides discretionary investment advisory and management services to a number of private investment funds or pools. The investment objective of each Advisory Client (as defined and identified below) is achieved principally through the allocation of Advisory Client assets to independent investment managers or investments in pooled investment vehicles managed by independent investment managers (commonly referred to as a “fund of hedge funds” or “fund of managed accounts” structure). Benchmark serves as either the general partner, the managing member or the investment manager to the following private investment funds (each a “Fund” and collectively referred to here as the “Funds”) via the following master-feeder structures:
• Benchmark Plus Overseas Partners Fund, Ltd. (“BPOPF”), a British Virgin Islands international business company that invests substantially all of its assets in Benchmark Plus Partners, L.L.C. (“BPP”), a Delaware limited liability company;
• Benchmark Plus Overseas Institutional Partners, Ltd. (“BPOIP”), a British Virgin Islands international business company that invests substantially all of its assets in Benchmark Plus Institutional Partners, L.L.C. (“BPIP”), a Delaware limited liability company; and The Funds are collectively referred to herein as the “Advisory Clients.” specializing in a particular type of advisory service, such as financial planning, quantitative analysis, or market timing, explain the nature of that service in greater detail. If you provide investment advice only with respect to limited types of investments, explain the type of investment advice you offer, and disclose that your advice is limited to those types of investments. Benchmark provides investment advisory services to pooled investment vehicles that are commonly referred to as “funds of hedge funds” or “funds of managed accounts.” As such, Benchmark’s Funds primarily invest in a select number of underlying funds (each a “Sub-Fund”) or managed accounts (each a “Sub-Account”) managed by unaffiliated investment managers (“Sub-Managers”) that invest or trade in securities and other financial instruments and that are typically diversified across a number of investment strategies. Benchmark performs (what it believes is) extensive fundamental and quantitative analysis of the investment strategies of Sub-Managers with whom it places the Funds’ assets. The analysis addresses the following issues, among others:
• Persuasiveness of Strategy;
• Competitive Advantage;
• People;
• Portfolio Construction and Risk Management;
• Performance Evaluation and Analysis; and
• Underlying Fund Details. The Funds are structured to provide investors (each an “Investor”) with a choice of investment “sleeves” (the “Sleeves”), each of which has a different investment objective (and/or benchmark), to provide Investors greater flexibility to meet their specific

investment objectives. Each Fund is governed by a limited partnership agreement, limited liability company operating agreement, or similar document (the “Governing Documents”) that sets forth the specific investment guidelines and restrictions applicable to each Fund and each Sleeve. In addition, each Fund’s (and Sleeve’s) investment objective and strategy is set forth in a confidential private offering memorandum (each a “CPOM”) provided to each Investor in the relevant Fund. Each CPOM contains important information regarding the intended investment program of each Fund and should be carefully reviewed prior to investing. While it is anticipated that the Funds will invest primarily in certain other underlying private funds and accounts managed by unaffiliated Sub-Managers (as described above), Benchmark has broad and flexible investment authority. Accordingly, the Funds’ assets and the assets of the Sub-Managers may at any time include long or short positions in U.S. or foreign publicly traded or privately issued common stocks, preferred stocks, stock warrants and rights, corporate or sovereign debt, bonds, notes or other debentures or debt participations, mortgage- backed and asset-backed securities, partnership interests, interests in investment companies, convertible securities, swaps, options, commodities, foreign currencies, futures contracts, cash equivalent investments and other financial instruments or any and all types which exists now or are hereafter created. individual needs of clients. Explain whether clients may impose restrictions on investing in certain securities or types of securities. Benchmark does not tailor its advisory services to the individual needs of Investors and Investors may not impose restrictions on investing in certain securities or types of securities. Each Fund’s CPOM sets forth such Fund’s investment strategy, including guidelines regarding the types of securities the Fund will invest in and portfolio limits. Benchmark may from time to time enter into letter agreements or other similar agreements (collectively, “Side Letters”) with one or more Investors that provide such Investors with additional and/or different rights or terms than those set forth in the Funds’ offering documents. Such rights may include, without limitation, greater portfolio transparency, fee waivers or reductions, interests/shares having different voting rights, restrictions or notification rights, additional rights to reports, portfolio limits and other information and other more favorable investment terms, including withdrawal/redemption rights, than the terms associated with investments by other Investors. services, (1) describe the differences, if any, between how you manage wrap fee accounts and how you manage other accounts, and (2) explain that you receive a portion of the wrap fee for your services. Benchmark does not participate in wrap fee programs. discretionary basis and the amount of client assets you manage on a non- discretionary basis. Disclose the date “as of” which you calculated the amounts. As of December 31, 2023, Benchmark manages $1,026,456,829 of Advisory Client regulatory assets under management on a discretionary basis. Benchmark does not currently manage any Advisory Client assets on a non-discretionary basis.