Truvvo was founded in 2007 as a private wealth management investment firm for a select group of large, sophisticated families with complex balance sheets. On March 1, 2023, Lazard Asset Management LLC (“LAM”) acquired all of the membership interests of Truvvo Investment Partners LLC, Truvvo’s parent company. A s o f t h a t d a t e , Truvvo is a wholly owned subsidiary of LAM. LAM is an indirect wholly- owned subsidiary of Lazard, Ltd, a Bermuda corporation whose share are publicly traded on the New York Stock Exchange (“NYSE”) under the symbol “LAZ.” The Firm’s personnel are employees of LAM, who now conduct their business activities through a unit of LAM named Lazard Family Office Partners. With oversight and support from LAM, the Firm is managed by its five operating partners, who are experienced endowment, private equity and finance professionals. The Firm’s mission is to provide clients and their related trusts and foundations access to a wealth management solution that Truvvo’s partners feel is not otherwise accessible in the current market, combining the rigor of the institutional world with the long-term focus of families. Truvvo acts as an outsourced investment office for our clients. We provide our clients with strategic advice and planning, full investment management and direct private investment opportunities. Our open- architecture platform is global and spans all asset classes, public and private. We provide bespoke, customized solutions and give clients the opportunity to take part in direct investments alongside other investors in our network. We believe collaboration drives value and we encourage a confidential, interactive, peer-to-peer culture. The core principles that are pervasive throughout the Firm and guide us are alignment, insight, humility and rigor. The Firm’s peer-to-peer culture brings together our collective networks to access compelling investment opportunities by learning from each other, investing together and leveraging our collective knowledge to enhance our clients’ legacies. Truvvo works in partnership with our clients to oversee and support the investment process. The Firm strategically leverages the power of a shared platform to provide a cost-effective and robust offering to its families. Truvvo plays the role of Chief Investment Officer as well as coordinator of clients’ non- investment needs related to wealth management. The Firm’s investment management services seek to provide clients the global, multi-asset, multi-manager investment platform that has traditionally only been made available to top-tier endowments and foundations. The Truvvo investment team brings a comprehensive approach to wealth management with backgrounds and experience working at these top endowments and foundations as well as with families. The blending of institutional and family best practices heighten the team’s ability to create customized solutions for our clients. Truvvo’s talent and broad relationships across the global investment industry enable us to enhance access, due diligence and portfolio management for our clients. Additionally, the Firm provides clients with access to direct private investment opportunities to complement and enhance long- term portfolios. Please refer to “Methods of Analysis, Investment Strategies and Risk of Loss” for more details on our investment process. Investment advisory services are offered and/or provided to separate accounts for sophisticated families and select institutions (“Managed Accounts” or “Managed Account Clients”). Such services include, but may not be limited to, the following:
• Identifying investment objectives
• Defining risk levels and identifying risk tolerance
• Liquidity analysis and profile
• Establishing investment policy
• Balance sheet analysis
• Comprehensive asset allocation (strategic and tactical, traditional and non-traditional assets)
• Private investment program modeling
• Investment strategy implementation
• Due diligence on legacy and proposed investments (e.g., concentrated stock, private equity, etc.)
• Ongoing monitoring of investments
• Robust reporting with cutting edge technology
• Administrative services depending on clients’ needs Advisory services are provided on a discretionary or non-discretionary basis to clients. Truvvo executes and implements customized portfolio solutions through managed accounts and, when appropriate, pooled vehicles depending upon the size of investable assets. Managed Account assets are

generally invested in accordance with a customized investment policy statement. Advice will be tailored to the individual needs of each Managed Account Client taking into account clients’ goals and objectives, risk tolerance, tax profile, and liquidity needs. Truvvo may agree to reasonable investment restrictions imposed by its Managed Account Clients, such as restrictions from investing with certain types of managers and/or in certain types of assets. Truvvo’s sponsored pooled vehicles (“Asset Class Pools”) include limited partnerships comprised of asset class specific, multi-manager investments across marketable and private investments. The Firm’s Asset Class Pools actively invest with a broad range of third-party investment managers and/or their pooled investment vehicles (“Portfolio Funds”), utilizing a variety of investment strategies, including global equity, hedge strategies, special situations, private equity, real assets and credit. The vehicles are utilized by our Managed Account Clients with smaller investable assets and/or smaller investment entities to gain access to Truvvo’s investment ideas and managers, while maintaining appropriate levels of diversification and exposure to certain areas of the market. In addition, non-Clients are permitted to invest in the Asset Class Pools alongside Managed Account Clients. Certain Managed Account Clients have engaged Truvvo to recommend or make investments in private companies on their behalf. These investments may involve management buyouts, leveraged recapitalizations, restructurings, consolidations, leveraged acquisitions, build-ups, pre-public offering opportunities and growth capital opportunities. Upon approval of the investment, the Firm will typically establish a stand-alone special purpose vehicle (a “Direct Private Investment Vehicle”) to hold the private investment, and the relevant Managed Account Clients will then invest in such vehicle on a case-by-case basis. Depending on the circumstances, parties other than Managed Account Clients may invest in such 6 Direct Private Investment Vehicles. See “Brokerage Practices” below for a description of how Truvvo allocates direct private investment opportunities. For the remainder of this brochure, the Asset Class Pools and the Direct Private Investment Vehicles are collectively and individually referred to as “Funds”, and Funds and Managed Account Clients are collectively and individually referred to as “Clients”. Truvvo Funds are private pooled investment vehicles, which are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and exempt from registration under the Securities Act of 1933, as amended. The Firm has full discretionary authority with respect to investment decisions of the Funds, and its advice with respect to the Funds is tailored according to the investment objectives, guidelines, and requirements as set forth in each Fund’s respective offering memorandum and advisory agreement. Truvvo may also utilize a broad range of other direct financial instruments (e.g., stocks, bonds, mutual funds, options, exchange traded funds) in providing investment advice. Clients may also hold other types of investments in their accounts following Truvvo’s due diligence on legacy and proposed investments. As noted above, Truvvo’s personnel are employees of LAM who offer services to legacy Truvvo Clients and other Clients through Lazard Family Office Partners, a unit of LAM. Although Lazard Family Office Partners services are operationally independent of the investment research and portfolio management activities of LAM, the personnel of Lazard Family Office Partners can be involved in LAM’s senior management groups and the servicing of certain legacy LAM Clients. Truvvo personnel will have access to the research and other resources of LAM’s Sustainable Investment and ESG team, and certain other research generated by LAM. Subject to its diligence processes, Truvvo will have discretion to invest or recommend Client assets in investment strategies and investment vehicles offered by LAM and its advisory affiliates, including portfolios of The Lazard Funds, Inc. (“LFI”), an open-end management investment company registered under the 1940 Act managed by LAM or private investment vehicles sponsored or managed by LAM. The Firm’s office is located in New York, New York. As of December 31, 2022, the Firm managed $1,389,743,331 in regulatory assets under management on a discretionary basis and advised $2,412,138,724 in regulatory assets under management on a non- discretionary basis.