Corbin, a Delaware limited partnership, is an alternative investment manager that provides investment advisory services to private investment funds, separate accounts and single investor vehicles (collectively the “Corbin Funds” or “Clients”). Corbin Funds generally implement their investment programs by employing the services of third-party investment managers (“Investment Managers”) in various ways, including by investing in hedge funds, closed-end funds and other investment vehicles managed by such Investment Managers, establishing discretionary and non-discretionary manage accounts with such Investment Managers and partnering on co-investments with such Investment Managers Corbin and its predecessor firms have been in business for almost four decades. Corbin Capital Partners GP, LLC, a Delaware limited liability company owned and controlled by Tracy Stuart, Corbin’s chief executive officer, and Craig Bergstrom, Corbin’s chief investment officer, is the general partner of Corbin. Ms. Stuart and Mr. Bergstrom collectively own a majority interest in Corbin. Corbin’s net assets under management (“AUM”) as of January 1, 2024, were $8,687,279,475, of which $8,648,269,487 were managed on a discretionary basis and $39,009,988 were managed on a non- discretionary basis. To avoid double counting assets, these figures exclude all investments made by Clients into Commingled Funds (as defined below). Please note that this is an unaudited estimate and the methodology used to calculate the net asset value of Client accounts that Corbin manages differs from the methodology used to calculate “regulatory assets under management” for purposes of responding to Item 5.f(2) of Part 1 of Corbin’s SEC Form ADV. Additional detail concerning the methodology is available upon request. Overview of Corbin’s Advisory Services In implementing the multi-manager investment programs of its Clients, Corbin utilizes various modes of implementation, including, but not limited to: allocating Clients’ capital among various Investment Managers through investments in hedge funds, closed-end funds and other investment vehicles managed by such Investment Managers (“Portfolio Funds”); establishing managed accounts with Investment Managers; making investments upon the advice or recommendation of, or alongside as a co-investor with, or otherwise in partnership with or with the involvement of, Investment Managers; and making investments independently without the involvement of any Investment Managers. The mix of implementation modes differs across Clients’ portfolios and changes over time within Clients’ portfolios. The number, type and concentration of investment strategies also differs across Clients’ portfolios and changes over time within Clients’ portfolios. Over time, the portion of the Clients’ portfolios over which investment discretion is exercised by Investment Managers on the one hand and by Corbin on the other hand will change. Investment Managers generally may implement their investment programs through the use of various securities and financial instruments, including, but not limited to, equity and debt securities of United States (“U.S.”) and non-U.S. corporations and other entities, loans, U.S. government securities, non-U.S. government securities, partnership interests, money market instruments, derivatives on securities and other derivatives, commodity interests including futures contracts, options, options on futures, swaps, forward contracts, currencies, cryptocurrencies and physical commodities, and other financial instruments. In general, there are no material limitations on the securities, financial instruments, strategies, markets or countries in which Investment Managers and Portfolio Funds may invest, and there are no material limitations on the securities, financial instruments, strategies, markets or countries in which Corbin may invest when implementing its Clients’ investment programs independently or with the involvement of an Investment Manager. The investment program of certain Clients may be limited by contractual terms or by applicable laws, regulations (e.g., the U.S. Employee Retirement Income Security Act of 1974, as amended (“ERISA”), in the case of certain Clients) or sanctions.

Corbin generally enters into investment management agreements that, among other things, grant Corbin the authority to manage Clients’ assets on a discretionary basis and generally grant Corbin unlimited discretionary trading authorization. Currently, Corbin is a party to one investment management agreement under which Corbin is granted discretionary management authority only after the underlying client determines to proceed with a presented investment opportunity. As a general matter, other than through a Customized Fund (as defined below) -- the objectives and guidelines of which would be set forth in the relevant Customized Funds’ Constituent Documents (as defined below) -- Corbin does not permit investors in Corbin Funds (“Investors”) to impose material restrictions on investing in certain securities or types of securities. In general, Corbin manages and/or offers two types of products: Commingled Funds -- “Commingled Funds” are Corbin Funds that are offered to multiple Investors. Corbin establishes the investment objective and portfolio characteristics of these funds and makes investment decisions in its sole discretion. Customized Funds -- A “Customized Fund” is when Corbin manages an investment vehicle or separate account for one Investor (or a group of related Investors). The Investor is involved in establishing the investment objective, portfolio characteristics and terms of the Customized Fund, although generally Corbin maintains discretion to make investment decisions. Investors in Customized Funds are generally subject to a significantly higher minimum investment threshold than Investors in Commingled Funds. In providing investment advisory services to Commingled Funds and to Customized Funds, Corbin causes certain Commingled Funds and Customized Funds to make investments in other Corbin Funds. In this situation, Corbin typically waives the advisory fees it would otherwise receive from the Corbin Fund in which such investment was made so that Clients are not charged twice for management of their assets. Corbin Capital Partners Management, LLC (“CCPM”), an affiliate of Corbin, is the general partner of each Corbin Fund that is a limited partnership and is the manager of a Corbin Fund that is a limited liability company. Other than Investors for whom Corbin manages a Customized Fund in the form of a separate account, Investors in Corbin Funds are not deemed to be Clients but are entitled to the rights and benefits, and are generally subject to the terms and conditions, described in the applicable Corbin Fund’s Confidential Memorandum, Limited Partnership Agreement, Investment Management Agreement and other applicable constituent fund documents (collectively, the “Constituent Documents”). Corbin typically selects third-party service providers, such as auditors, custodians, and/or administrators, on behalf of Clients that are Commingled Funds. For Clients that are Customized Funds, such service providers may be selected by Corbin or by the Investor in the Customized Fund. Corbin will from time to time provide a Client, prospective client, Investor or prospective investor generally at the Client’s, prospective client’s, Investor’s or prospective investor’s request, information, advice, opinions, evaluations, recommendations, forecasts or suggestions (“Informational Responses”) that, with regard to Clients and Investors, relates to matters outside the scope of Corbin’s management of their assets. Such Informational Responses are general in nature and ordinarily do not take into account the Client’s, prospective client’s, Investor’s or prospective investor’s particular circumstances or needs. Therefore, Informational Responses are not, and should not be considered, advice with respect to the purchase, sale, holding or management of securities or other assets. Unless Corbin expressly agrees otherwise with the Client, prospective client, Investor or prospective investor, Corbin provides Informational Responses solely as a courtesy, and does not assume any duties to the Client, prospective client, Investor or prospective investor other than the duty to act in good faith in connection with providing Informational Responses.