The Firm was founded in 1999 as a global real estate private equity business and was established as an independent firm in 2004. Alpine Grove Partners LLP operates from offices in New York, Amsterdam, Frankfurt, Madrid, London, and Tokyo. The Firm provides investment advisory services related to real estate as well as real estate-related assets throughout Western Europe and Japan. Richard E. Georgi is Co-Founder and Managing Partner of the Firm and currently serves as the Chief Executive Officer and Chairperson of the Investment Committee. The Firm provides discretionary investment advisory services to private investment funds and each of their related co-investment vehicles and special purpose vehicles (each, the “Fund” and collectively, the “Funds”) which are offered to qualified investors. In the future, Alpine Grove may form additional funds, including feeder and parallel funds, co-investment vehicles or special purpose vehicles. The Funds focus on equity investments in Western Europe and Japan in controlling interests in real estate operating companies (the “Platform”) operated by experienced management teams – or operating partners – (the “Platform Partner”) that bring added expertise in specific real estate sectors (including but not limited to commercial, residential, leisure and hospitality). The prime targets are undervalued, complex, and/or distressed opportunities. The partners of the Firm have also formed Alpine Grove Partners LLC (“AGP”). AGP, working with operating partners, has offered certain capital partners opportunities to invest in direct real estate investments on a non-discretionary joint venture basis. AGP is also the general partner of AG European Partners LP (the “AGP Fund”), a private investment fund that provided a small number of qualified investors the opportunity to co-invest in these real

estate investments on a non-discretionary investment- by-investment basis. AGP’s advisory services comprise activities as the general partner to the AGP Fund. The investment management services the Firm provides to the Funds primarily consist of identifying, underwriting and recommending investment opportunities and ongoing monitoring and evaluation of the Funds’ investments and potential sale of such investments. These services are provided pursuant to limited partnership agreements with the Funds and a general Partner of each Fund, each of which is an affiliate of the Firm (the “General Partners”). This brochure is not an offer to invest in a Fund or the AGP Fund. Any such offer would only be made through the provisions of a Private Placement Memorandum (the “Memorandum”), and/or limited partnership agreement (the “LPA”) or Investment Management/Limited Partner Advisory Agreement (the “IMA”). Information included in this brochure is intended to provide a useful summary about the Firm, but it is qualified in its entirety by information included in a Memorandum, LPA or IMA. The Firm will generally not permit investors in the Funds to impose limitations on the investment activities described in the Memorandum, LPA, IMA or other Fund documents. (See Item 16 – Investment Discretion) Alpine Grove does not participate in any wrap fee programs. As of December 31, 2023, Alpine Grove’s regulatory assets under management (or “RAUM,” as defined for purposes of Form ADV) were $936,792,004 on a discretionary basis. In addition to the discretionary investment vehicles, Alpine Grove manages certain other Funds which permit the investors in such Funds to participate in investments on a deal-by-deal basis. Accordingly, Alpine Grove considers these Funds to be managed on a non-discretionary basis. As of December 31, 2023, Alpine Grove’s RAUM in respect of these Funds was $258,904,503.