On October 16, 2012 Karya became a registered investment adviser with the SEC. Karya provides discretionary investment management services regarding securities and other financial instruments to U.S. and non-U.S. institutional clients, including private investment funds managed by Karya (each a “Fund” and collectively the “Funds”), and from time to time. separately managed accounts (“Separate Account Clients,” and together with the Funds, “Advisory Clients”). Currently, Karya’s only “investment advisory clients” are the Advisory Clients. Karya also advises commodity pools and separately managed accounts that invest exclusively in futures contracts (collectively, “Futures Clients”). However, these Futures Clients are not “investment advisory clients” for purposes of the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Therefore, the Futures Clients are generally not discussed in this Form ADV, Part 2A, except in the context of conflicts of interest that are likely to arise between Karya’s management of the Advisory Clients and the Futures Clients (collectively, “Clients”). Karya invests directly on behalf of Advisory Clients primarily in liquid instruments in global rates, credit, securitized products, equity indices, currencies and volatility of the G-7 currency countries and other Organisation for Economic Co-operation and Development countries. Karya also seeks to maintain exposure to fixed income securites. Structured products, futures contracts (including, but not limited to, exchange-traded Bitcoin futures contracts or Bitcoin futures contracts), options, exchange-traded funds

(including such funds investing in or having exposure to Bitcoin or other cyrptocurrencies) and options on exchange-traded funds, interest rate swaps, total return swaps, credit default swaps, equity market indices, corporate bond indices, mortgage backed securities indices, and forward foreign exchange trasactions. Karya may invest in equities for hedging purposes. Karya is responsible for all of the investment and trading activities of its Advisory Clients. Karya provides advisory services to its Advisory Clients based on their respective investment objectives and guidelines. The investment objectives, strategies, fees and risks of each Fund and other material information, are set forth more fully in each Fund’s confidential offering document (“Memorandum”), which is available to current investors and qualified prospective investors with whom Karya has a pre-existing substantive relationship. The investment objectives, strategies and fees related to each Separate Account Client are set forth more fully in an advisory agreement with such Separate Account Client. Karya, originally formed as a Delaware limited partnership in 2011 and coverted to a Delaware limited liability company on September 1, 2022, is principally owned by Rajiv Sobti. Rajiv Sobti is also the Chief Investment Officer and Managing Member. Karya had approximately $141,324,584 of Advisory Clients assets under management on a discretionary basis as of December 31, 2023. Karya, overall, manages on a discretionary basis approximately $636,324,583 of assets for its Clients. Karya does not manage assets on a non- discretionary basis.