Beach Point Capital Management LP (“Beach Point”) commenced operations on January 1, 2009. Beach Point was founded by, and remains under the control of, its Co-Chief Executive Officers (“CEOs”) / Co- Chairmen, Carl Goldsmith and Scott Klein, through a management buyback of the alternative investment business of Post Advisory Group, LLC (“Post”). Mr. Goldsmith and Mr. Klein joined Post as its first and second investment hires in 1994 and 1997, respectively. Mr. Goldsmith and Mr. Klein built and ran Post’s multi-billion dollar alternative fixed income business (opportunistic high yield, corporate loans and distressed debt) and served as the long-standing portfolio managers for such business. Beach Point serves as the investment adviser to various clients organized as privately offered limited partnerships, limited liability companies and other pooled investment vehicles (the “Funds”) and clients that invest through separately managed accounts (the “Managed Accounts”). In addition, Beach Point (or a related person of Beach Point) acts as an investment adviser, sub-adviser, or portfolio manager / collateral manager to other clients including (i) a private Real Estate Investment Trust (the “private REIT”), and (ii) securitized asset funds that issue Collateral Loan Obligation notes (each a “CLO Issuer” and, collectively, the “CLO Issuers”). Collectively, the private REIT and the CLO Issuers are referred to as the “Other Accounts” in this brochure. Beach Point generally has discretionary authority to manage the Funds, Managed Accounts and Other Accounts, including the authority to determine which investments are bought and sold and the amounts of such investments that are appropriate for each client. Any limitation on Beach Point’s authority is described in a client’s governing documents (e.g., investment management agreement, private placement memorandum, articles of association, or partnership agreement). At times, Funds, Managed Accounts and Other Accounts are referred to in this brochure collectively as “Clients” or "accounts." In connection with Managed Accounts, clients establish such accounts with Beach Point by depositing funds or securities into accounts maintained by qualified independent custodians and granting Beach Point discretionary investment authority to invest such funds pursuant to each client's investment objectives, as stated in each client's investment management agreement and other account documentation with Beach Point, including any written instructions provided by the client to Beach Point. Funds and Other Accounts are managed in accordance with investment objectives and guidelines set forth in the governing documents for each Fund and Other Account. As of December 31, 2022, Beach Point manages $14.4 billion in assets on a discretionary basis and $0 in assets on a non-discretionary basis. The amount of assets under management reported in this brochure differs from the amount of regulatory assets under management reported in Part 1 of our Form ADV. Part 1 of Form ADV requires an adviser to report assets under management without deducting any outstanding indebtedness or other accrued but unpaid liabilities. Beach Point believes that reporting firm assets under management in our brochure without taking into account any outstanding indebtedness or liabilities may appear to overstate our assets under management. Therefore, in this brochure Beach Point has decided to take into account certain indebtedness and unpaid liabilities in calculating and reporting our firm assets under management. The result is that the amount of assets under management reported in this brochure is lower than the amount of regulatory assets under management reported in Part 1 of our Form ADV. Beach Point manages accounts in a number of strategies, including Multi-Asset Credit, High Yield & Senior Loans, Structured Credit, Special Opportunities, and Private Equity & Strategic Initiatives. These strategies are described below in Item 8. Across these strategies, Beach Point has discretion to invest in a wide range of investments on behalf of Clients, including, but not limited to: corporate debt securities; par, stressed and FORM ADV PART 2A 2023 5 distressed investments; public and private equities; private placements/illiquid securities; direct loans; bridge loans; convertible bonds; municipal bonds; preferred stocks; warrants; private debt; mezzanine debt; commercial paper; municipal securities; United States and foreign government securities; options contracts; futures contracts; interests in entities investing in real estate; litigation and similar claims; derivatives; trade claims; lease interests; equipment trust certificates; swaps and futures contracts (including so-called “synthetic” options or similar derivative instruments); interest rate hedges including swaps; secured and unsecured instruments; other collateralized instruments including collateralized loan obligations; collateralized mortgage obligations (including interest-only and principal-only securities); equity-related securities; investments in debt and

equity of partnerships, limited liability companies and other investment vehicles; interests in funds; securitized products; unit trusts; real-estate related investments, including mortgage-backed securities and mortgages; mezzanine investments; foreign currency futures; single name or basket/index credit default swaps or other swaps (such as CDS, CDX, LCDX, CDSIT, etc.); index contracts (such as S&P 500, Russell 2000, etc.) and credit-linked securities (including credit-linked notes and deposits). Funds Beach Point serves as the discretionary investment adviser to the open-end Funds and closed-end Funds within the investment strategies described below in Item 8. Generally, open-end Funds offer interests or shares in such Funds on a continuous basis and such interests or shares can be periodically redeemed. Closed-end Funds do not continuously offer interests or shares and such interests or shares are not redeemable. In other words, an investment in a closed-end Fund is committed for the term of the Fund. In addition, Beach Point serves as the investment adviser to Funds that are not currently offered to new investors. Typically, these Funds are structured as a limited partnership or limited liability company managed by Beach Point with one or only a limited number of investors as the limited partner(s) or non- managing member(s) (the “Single Client Funds”). Fund Structure Generally, the open-end Funds are organized into stand-alone or master-feeder structures. A master-feeder fund structure is commonly used to accumulate capital raised from both U.S. taxable, U.S. tax-exempt and non-U.S. investors into one central vehicle - the master fund - in order to enhance the critical mass of tradable assets, improve the economies of scale under which the fund arrangements operate and enhance operational efficiencies. The Beach Point master-feeder fund structure typically involves the use of a master fund organized as a Cayman Islands limited partnership into which separate feeder funds invest. U.S. taxable investors typically invest in a U.S. limited partnership feeder fund (the “domestic feeder funds”). Non-U.S. and U.S. tax-exempt investors typically subscribe via a separate offshore feeder company (the “offshore feeder funds”). The feeder funds, in turn, generally invest (directly or indirectly) all or substantially all of their assets in the master fund. Beach Point also manages closed-end Funds. It is anticipated that all or substantially all investors in an offshore closed-end Fund will hold their interests indirectly through an offshore feeder fund, a Cayman Islands limited liability company (the “Offshore Feeder Fund”). The Offshore Feeder Fund will elect to be treated as a corporation for U.S. federal income tax purposes and will be a limited partner of the Fund. FORM ADV PART 2A 2023 6 The domestic stand-alone funds, domestic feeder funds and domestic closed-end Funds are typically structured as limited partnerships that are organized under the laws of California or Delaware (collectively, the “Domestic Funds”). A related person of Beach Point serves as the general partner or managing member, as the case may be, (the “General Partner”) of the Domestic Funds and offshore closed-end Funds. The interests in the Domestic Funds are offered on a private placement basis to persons who are “accredited investors” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”), and subject to certain other conditions which are set forth in the offering documents for the Domestic Funds. The Domestic Funds are not registered as investment companies pursuant to exemptions from the definition of “investment company” set forth in Section 3(c)(1) or Section 3(c)(7) of the Investment Company Act of 1940, as amended (the “Company Act”). The stand-alone offshore funds, offshore feeder funds and offshore closed-end Funds are typically organized under the laws of the Cayman Islands (collectively, the “Offshore Funds”). Shares or interests in the Offshore Funds are offered on a private placement basis to persons who are not “U.S. Persons,” as defined in Rule 902(k) of Regulation S under the Securities Act and to certain qualifying U.S. tax-exempt entities, and subject to certain other conditions which are fully set forth in the offering documents for the Offshore Funds. Managed Accounts Beach Point also serves as the discretionary investment adviser to certain Managed Accounts with authority to supervise and direct investments, subject to the investment management agreement (or other documentation) for each Managed Account. Other Accounts Beach Point also serves (i) as the investment adviser to the private REIT, and (ii) through a related person, as the portfolio manager / collateral manager of the CLO Issuers. Beach Point has discretionary investment authority with respect to the Other Accounts which authority includes the right to supervise and direct investments, subject to the governing documents of each Other Account.