Firm Description Inherent Group, LP (“Inherent”) is a Delaware limited partnership founded in 2017. Inherent was founded primarily to serve as the investment adviser to private funds and other entities described more fully below. Equity interests in Inherent’s private funds are not registered under the Securities Act of 1933, as amended (the “Securities Act”). In addition, Inherent’s private funds are not registered as investment companies under the Investment Company Act of 1940, as amended. Accordingly, equity interests in the private funds will be offered exclusively to investors satisfying the applicable eligibility and suitability requirements provided for in either private placement transactions within the United States (in accordance with Regulation D promulgated under the Securities Act) or in offshore transactions (in accordance with Regulation S promulgated under the Securities Act). During 2023, Inherent determined to conduct an orderly wind-down of the Funds (as defined below), which is ongoing. Descriptions of the Funds, including their fee structures, investment strategies and associated risks are retained herein for reference only. Principal Owners Anthony (Tony) L. Davis is the CEO, CIO, and sole member of Inherent Group GP, LLC, the general partner of Inherent. Mr. Davis and a trust established by him are each 50% owners of an intermediate entity, Inherent Holdings, LLC, that owns 98% of Inherent. Types of Advisory Services Inherent provides discretionary investment management services to the following “master-feeder” fund structures:
• Inherent ESG Opportunity Master, LP, a Cayman Islands exempted limited partnership with an actively managed investment portfolio (the “ESG Opportunity Master Fund”);
• Inherent ESG Opportunity, LP, a Delaware limited partnership (the “ESG Opportunity Onshore Feeder”), and Inherent ESG Opportunity Offshore Feeder, Ltd., a Cayman Islands exempted company (together with Inherent ESG Opportunity Intermediate Partnership, LP, an intermediate Cayman Islands exempted limited partnership, the “ESG Opportunity Offshore Feeder”; and together with the ESG Opportunity Onshore Feeder, the “ESG Opportunity Feeder Funds”), which invest substantially all of their assets in the ESG Opportunity Master Fund;
• Inherent Credit Opportunities Master, LP, a Cayman Islands exempted limited partnership with an actively managed investment portfolio (the “Credit Opportunities Master Fund”, and together with the ESG Opportunity Master Fund, the “Master Funds”); and
• Inherent Credit Opportunities, LP, a Delaware limited partnership (the “Credit Opportunities Onshore Feeder”), and Inherent

Credit Opportunities Offshore, Ltd., a Cayman Islands exempted company (together with Inherent Credit Opportunities Intermediate Partnership, LP, an intermediate Cayman Islands exempted limited partnership, the “Credit Opportunities Offshore Feeder”; together with the Credit Opportunities Onshore Feeder, the “Credit Opportunities Feeder Funds”; and together with the ESG Opportunity Feeder Funds, the “Feeder Funds”), which invest substantially all of their assets in the Credit Opportunities Master Fund. The ESG Opportunity Feeder Funds, the ESG Opportunity Master Fund, the Credit Opportunities Feeder Funds and the Credit Opportunities Master Fund are herein collectively referred to as the “Funds”. Inherent also provides discretionary investment management services to:
• Inherent Aspiration, LLC (“Inherent Aspiration”), a Delaware limited liability company, which is a single-investment commingled fund; and
• Inherent CIO1, LLC (“CIO1”), a Delaware limited liability company, which is also a single-investment commingled fund (together with Inherent Aspiration, the “Other Advised Funds”). The Funds and the Other Advised Funds and any separately managed account(s) to which Inherent may determine to provide investment advisory services in the future are collectively and/or singularly referenced herein as “Clients” or “Client,” respectively. Each Client’s investment portfolio is managed in accordance with its offering memorandum, memorandum and articles of association, limited partnership or LLC agreement, and/or investment guidelines, as applicable. As discussed above in this Item 4, nothing shall prohibit Inherent from accepting separately managed accounts as clients if Inherent determines to do so in the future from time to time. Inherent’s investment advice is tailored to the needs of its Clients. Information about the Funds, and about the other Clients, is more fully set forth in their respective offering memorandums and/or operating agreements (as applicable). Since Inherent does not provide individualized advice to investors, such investors should consider whether the respective Feeder Fund meets their investment objectives and risk tolerance prior to investing. Inherent is not undertaking to provide any investment advice (impartial or otherwise), or to give advice in a fiduciary capacity in connection with making an investment in the Feeder Funds. Assets under Management As of December 31, 2023, Inherent had $186,799,946 in regulatory assets under management (“RAUM”), all of which is managed on a discretionary basis, calculated using the same method used to compute “regulatory assets under management” for Item 5.F.(2) in Part 1A of Form ADV.