vBVP was founded in 2004 and is primarily controlled by Michael van Biema. vBVP provides investment advice with respect to hedge funds; other private funds; and managed accounts (each a “Sub-Manager Portfolio” or collectively, “Sub-Manager Portfolios”) managed by third-party investment managers (each a “Sub-Manager” or collectively, “Sub-Managers”). vBVP generally has complete discretion and authority to manage and direct the investment of capital for the pooled investment vehicles for which it serves as the general partner and/or investment manager. As of December 31, 2023, vBVP managed $31,880,706 on a discretionary basis on behalf of two pooled investment vehicles. These vehicles are offered to qualified investors exclusively on a “private placement” basis. Each of the pooled investment vehicles managed by vBVP as of December 31, 2023 is sometimes referred to herein individually as a “vBVP Fund” and collectively as the “vBVP Funds.” vBVP also provides investment advice to certain separately managed accounts. These separately managed accounts are referred to herein as the “Separate Accounts” and, collectively with the vBVP Fund and other fund managed by vBVP (as described below), as the “Clients.” Separate Accounts are typically subject to a minimum initial investment of $50,000,000, subject to the discretion of vBVP to accept lesser amounts. As of December 31, 2023, vBVP managed $580,798,033 in Separate Accounts. For the avoidance of doubt, throughout this Brochure,

unless otherwise specified, references to Sub- Managers should be understood to include SSDF Sub-Managers; references to Clients should be understood to include SSDF Clients; references to the Funds should be understood to include SSDF Funds; and references to Separate Accounts should be understood to include SSDF Client accounts. vBVP works with each prospective client or investor to establish an appropriate investment profile, and to understand the desired exposure of each prospective client or investor. The Fund has a minimum investment amount (typically $1,000,000 for individuals and $5,000,000 for all other investors), subject to the discretion of the general partner to accept lesser amounts. SSDF Funds are subject to the minimum investment amounts, if any, specified in the governing documents of such funds. vBVP utilizes a specialized approach in selecting the Sub-Managers that it recommends to Clients. Specifically, vBVP identifies Sub-Managers that employ a fundamental value-oriented investment approach and that generally manage less than $200mm at the time of the initial investment. vBVP may recommend that Clients invest in an existing pooled investment vehicle managed by the Sub- Manager or that Clients establish a separately managed account with the Sub-Manager pursuant to a separate investment management agreement. Separate account Clients may impose certain investment restrictions within their respective investment management agreement at the inception of the relationship.