Identify your principal owner(s). Notes: (1) For purposes of this item, your principal owners include the persons you list as owning 25% or more of your firm on Schedule A of Part 1A of Form ADV (Ownership Codes C, D or E). (2) If you are a publicly held company without a 25% shareholder, simply disclose that you are publicly held. (3) If an individual or company owns 25% or more of your firm through subsidiaries, you must identify the individual or parent company and intermediate subsidiaries. If you are an SEC-registered adviser, you must identify intermediate subsidiaries that are publicly held, but not other intermediate subsidiaries. If you are a state- registered adviser, you must identify all intermediate subsidiaries. Founded in 2004, Morgan Creek Capital Management, LLC (“Morgan Creek” or the “Adviser” or the “Investment Manager”) is a North Carolina limited liability company registered as an investment adviser with the SEC. Morgan Creek primarily provides discretionary investment advisory services to various private investment funds (unless otherwise defined, each a “Fund,” and together, the “Funds”). Morgan Creek also provides discretionary investment advisory services to registered investment funds. The registered funds are collectively referred to herein as the “RICs.” Hereafter, unless otherwise specified, the term “Funds” is generally used to refer collectively to the Funds and the RICs. Morgan Creek also provides non-discretionary investment advice to a number of other accounts (the “Non-Discretionary Clients”). It is noted that, in certain circumstances, and when deemed appropriate for a large or strategic investor, Morgan Creek may establish a separately managed account that tailors its investment objectives to those of the specific investor (a “Discretionary Client”) and such an account may be managed by Morgan Creek on a discretionary basis. Hereafter the term “Advisory Clients” is used to refer collectively to the Non- Discretionary Clients, Discretionary Clients, the Funds and the RICs (as relevant). MCCM Group, LLC (“MCCM Group”) is the owner of Morgan Creek, and Mark W. Yusko, Morgan Creek’s Chief Executive Officer and Chief Investment Officer, is the principal owner of MCCM Group. 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. Morgan Creek provides investment management and advisory services. As mentioned above, Morgan Creek offers both discretionary and non-discretionary investment management and advisory services. Morgan Creek provides advisory services to the following private Funds: o Asana Global Select Fund, LP (formerly Morgan Creek Opportunity Fund, LP) o Morgan Creek Partners I, LP o Morgan Creek Partners II, LP o Morgan Creek Partners III, LP o Morgan Creek Partners IV, LP o Morgan Creek Partners V, LP o Morgan Creek Partners VI, LP o Morgan Creek Partners Asia, LP o MCAR 2008 Fund, LP is an SPV that was created to hold illiquid securities for Series A of Morgan Creek Absolute Return Fund, LP (fund which has since closed). o MCAR 2008 Offshore Fund, Ltd. is an SPV that feeds into MCAR 2008 Fund, LP and was created to hold illiquid securities from various Morgan Creek Funds. o Morgan Creek Absolute Return Offshore Fund (SPC), Ltd. o Morgan Creek BRIC Plus Private Fund, Ltd. (Morgan Creek BRIC Plus Private Fund, Ltd. is an SPV that was created to hold illiquid securities for a fund that has closed). o Morgan Creek Partners Co-Investment Fund I, LP o Morgan Creek Partners Co-Investment Fund II, LP o Morgan Creek Partners Co-Investment Fund III, LP o Morgan Creek Partners Venture Access Fund, LP o Morgan Creek Partners Venture Access Fund II, LP o Morgan Creek New China Fund, L.P. o Morgan Creek Private Opportunities, LLC o It is noted that this Fund currently has twelve investment portfolios, the “Series A – Didi” portfolio, the “Series C – Didi” portfolio, the “Series D – SpotHero” portfolio, the “Series F – SpaceX” portfolio, the “Series H – BlockFi” portfolio, the “Series J – Figure” portfolio”, the “Series K – BlockFi” portfolio, the “Series L- Lyres” portfolio, the “Series M – Gemini” portfolio, the “Series N- Exos” portfolio, the “Series O – Chain Reaction” portfolio and the “Series P – Lyre’s” portfolio. Each portfolio is designated as a separate series of shares. As such, each portfolio is a separate pool of assets constituting, in effect, a separate entity with its own investment strategy, policies and legal status. o Morgan Creek Blockchain Opportunities Fund, LP o Morgan Creek Blockchain Opportunities Fund II, LP o Morgan Creek Digital Fund III, LP o Morgan Creek Innovation Fund, LP o Morgan Creek Consumer Opportunities

Fund, LP o Morgan Creek - Exos Risk-Managed Bitcoin Fund, LP o Morgan Creek - Exos SPAC+ Fund, LP o Morgan Creek – EXOS SPAC+ Offshore Fund, Ltd. Morgan Creek also advises the following investment companies registered under the Investment Company Act of 1940, as amended: o Morgan Creek Global Equity Long/Short Institutional Fund, (“Long/Short RIC”) o Morgan Creek – Exos Active SPAC Arbitrage ETF. (“SPAC Arbitrage ETF”). This fund will be liquidated in April 2023. In addition, Morgan Creek provides sub-advisory services to certain funds including AdvisorShares Managed Bitcoin Strategy ETF. Morgan Creek also provides non-discretionary investment advice to a number of other accounts. The advice can vary from pure asset allocation recommendations to a more comprehensive customized solution including asset allocation, portfolio construction, and manager selection, which some clients utilize. In Non- Discretionary Client relationships, the Adviser generally does not have discretion to buy or sell securities, place orders with brokers, hire custodians or trustees, select brokers, or vote proxies. Generally, the Adviser’s investment recommendations may include asset classes, investment managers within asset classes, and portfolio construction given the desired investment risk of the client. Non-Discretionary Clients may hire the Adviser to provide investment recommendations covering their entire portfolio or a portion of their portfolio. The Adviser’s advice may include recommendations of publicly traded securities in addition to recommendations of private investment funds. individual needs of clients. Explain whether clients may impose restrictions on investing in certain securities or types of securities. Generally, with respect to the Funds, Morgan Creek neither tailors its advisory services to the individual needs of investors nor accepts investor-imposed investment restrictions. Morgan Creek has in the past and may in the future enter into letter agreements or other similar agreements (collectively, “Side Letters”) with one or more Fund investors (“Investors”) that provide such Investors with additional and/or different rights or terms than those set forth in the Funds’ offering documents. With respect to its non-discretionary investment advice to other accounts, Morgan Creek’s advice can vary from pure asset allocation recommendations to a more comprehensive customized solution including asset allocation, portfolio construction, and manager selection. Generally, Morgan Creek’s investment recommendations include asset classes, investment managers within asset classes, and portfolio construction given the desired investment risk of the given Non-Discretionary Client. As mentioned above, Non-Discretionary Clients may hire Morgan Creek to provide investment recommendations covering their entire portfolio or a portion of their portfolio. Morgan Creek’s advice generally includes recommendations of private investment funds, though from time to time recommendations can include publicly traded securities. Given the nature of these Non-Discretionary Client relationships, these clients retain ultimate investment discretion. As such, they have the authority to accept or reject Morgan Creek’s recommendations and are able to thereby monitor and impose their own specific restrictions on investing in certain securities or types of securities. In certain unique instances, and for a large/strategic investor, Morgan Creek may establish a single-investor Fund and the investment advisory services provided to that single-investor Fund will be tailored to the individual needs of the investor. When deemed appropriate for a large or strategic investor, Morgan Creek may establish a separately managed account that tailors its investment objectives to those of the specific investor. Such an account may be managed by Morgan Creek on a discretionary basis and may be subject to different terms and/or fees than those of the Funds. 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. Not applicable. 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. Note: Your method for computing the amount of “client assets you manage” can be different from the method for computing “assets under management” required for Item 5.F in Part 1A. However, if you choose to use a different method to compute “client assets you manage,” you must keep documentation describing the method you use. The amount you disclose may be rounded to the nearest $100,000. Your “as of” date must not be more than 90 days before the date you last updated your brochure in response to this Item 4.E As of December 31, 2022, the Adviser manages $1,279,562,912 of Advisory Client regulatory assets on a discretionary basis and $300,917,534 of Advisory Client regulatory assets on a non-discretionary basis.