LibreMax Capital, LLC (the “Adviser”) is a limited liability company formed in Delaware with its principal place of business in New York, New York. The Adviser commenced operations as an investment adviser on October 1, 2010 and has been registered with the Securities and Exchange Commission (the “SEC”) as an investment adviser since March 10, 2011. The Adviser is wholly owned by LibreMax Intermediate Holdings, LP (“LibreMax Holdings”). GKL Holdings, LLC (a holding company that is majority owned by Greg Lippmann) is the principal underlying owner of LibreMax Holdings. On December 31, 2018, Trimaran Advisers, L.L.C. (“Trimaran”) was acquired by LibreMax Holdings. Trimaran is an SEC-registered investment adviser that has claimed registration with the SEC as a “relying adviser” of the Adviser. Trimaran provides investment advisory services on a discretionary basis to unregistered, private investment funds that are each categorized as a “Collateralized Loan Obligation” fund or a “CLO” fund, the portfolios of which are comprised of corporate debt instruments and other similar investments. Trimaran offers advisory services that differ from those offered by the Adviser, and they have prepared a separate brochure to describe their business line. The Form ADV Part 2A brochure for Trimaran should be read alongside this Brochure in order to obtain a full understanding of the advisory business of the Adviser and its affiliated advisers. The Adviser provides investment supervisory services on a discretionary basis to its clients, which include pooled investment vehicles organized or incorporated as U.S. private investment funds (each a U.S. limited partnership) and non-U.S. private investment funds (each a non-U.S. corporation or limited partnership) as well as separately managed accounts on both a discretionary and non-discretionary basis.. Certain of the Adviser’s clients operate in a “master-feeder” structure. The Adviser may, in the future, provide investment advisory services to other types of clients. The Adviser specializes in securitized and structured financial product investments and credit related instruments. The Adviser’s clients’ investments include, but are not limited to: residential mortgage backed securities and loans,

consumer and commercial asset-backed securities and loans, commercial mortgage- backed securities and loans, collateralized loan obligations, collateralized debt obligations, and corporate fixed income obligations and other related securities. Investments in loans may be in the form of participations, assignments and direct purchases of loans. The Adviser’s clients’ investments may also include equity securities, partnership interests and similar financial instruments; currencies; commodities; physical and intangible assets; interest rate, currency, commodity, equity and other derivative products, including (i) futures contracts (and options thereon) relating to stock indices, currencies, U.S. government securities and securities of non-U.S. governments, other financial instruments and all other commodities, (ii) swaps, options, swaptions, warrants, caps, collars, floors and forward rate agreements, (iii) spot and forward currency transactions and (iv) agreements relating to or securing such transactions; mortgage- backed obligations issued or collateralized by U.S. federal agencies; and repurchase and reverse repurchase agreements. For clients organized as private investment funds, the Adviser adheres to the investment strategy and guidelines set forth in each private placement memorandum and/or operating documents for that fund. The Adviser provides advice to client accounts based on specific investment objectives and strategies. Under certain circumstances, the Adviser tailors advisory services to the individual needs of clients. The Adviser tailors its advisory services through its management of pooled investment vehicles for institutional investors that generally pursue tailored investment strategies and are subject to certain restrictions. Clients may impose restrictions on investing in certain securities or certain types of securities. The Adviser managed approximately $11,382,292,000 of client assets on a discretionary basis and $200,500,000 on a non-discretionary basis as of February 1, 2024. (This calculation is estimated and based on the aggregate net asset value of the Adviser’s and Trimaran’s various client accounts, and may differ from the amounts reported as “regulatory assets under management” in Item 5.F of Part 1A.).