Below are certain key definitions used in this Brochure. Additional definitions are found throughout this Brochure. Term Definition Access Person Every Employee and Affiliated Entity Employee who (i) has access to non- public information regarding Clients’ purchase or sale of securities; or (ii) is involved in making securities decisions or recommendations to Clients or has access to such decisions and recommendations that are not public. Advisers Act Investment Advisers Act of 1940, as amended. Affiliated Entity Any entity that controls or is under common control with OIM. Affiliated Entity Employee Every officer, director and employee of an Affiliated Entity and any other person acting in a similar capacity for an Affiliated Entity. Client Every account and investment fund managed by OIM. Employee Every officer, director and employee of OIM, every Management Committee member, members of the Investment Committees, and any other person acting in a similar capacity for OIM. Family Account Every account managed by a Family Office. Family Office Any Affiliated Entity that is not registered as an investment adviser under the Advisers Act because it relies on the Advisers Act family office exclusion from the definition of investment adviser. FoF Division The OIM division dedicated to making Hedge Fund Investments (as defined in Item 4.B below). FoF Division IC The OIM FoF Division investment committee that has the exclusive responsibility for making discretionary Hedge Fund Investment decisions for Clients. Investment Committees The FoF Division IC and PE Division IC, unless otherwise specified. Management Committee The committee that functions as the Firm’s “Chief Executive Officer” and has overall management and supervisory responsibility over OIM’s business activities. PE Division The OIM division dedicated to making Illiquid Investments (as defined in PE Division IC The OIM PE Division investment committee that has the exclusive responsibility for making discretionary Illiquid Investments decisions for Clients. Related Party Each of the following: OIM, Supervised Persons and and/or their family members, Affiliated Entities and/or Family Accounts. Supervised Person Every Employee and Access Person. OIM, a Delaware limited liability company, is an investment advisory firm based in New York City that was founded in 2003. OIM is wholly-owned by FBE Limited LLC (“FBE Limited”), a New York limited liability company. The only person or entity that owns more than 25% of FBE Limited is Fruchthandler Descendants Partnership (“FDP”), a New York general partnership. All general partners of FDP currently own less than 10% of FDP. OIM is managed by its Management Committee which has overall management and supervisory responsibility over OIM’s business activities. All OIM executive officers and both Investment Committees are under the overall supervision and control of the Management Committee. The Management Committee consists of three members who are appointed by FBE Limited. FBE Limited wholly owns several Affiliated Entities including two Family Offices. The Family Offices provide investment advice to Family Accounts which are owned primarily by indirect principals of FBE Limited, their family members and key employees of the Family Offices. Several Employees of OIM also perform various functions for some of the Affiliated Entities including the two Family Offices. The Affiliated Entities, the Family Offices and the Family Accounts are discussed in this Brochure in the context of conflicts of interest that may arise between these parties and OIM’s Clients. FBE Limited also is actively engaged in a substantial amount of charitable and philanthropic activities including the rendering of investment advice to several charitable organizations (each a “Charity” and collectively, the “Charities”) for no compensation. Several Employees of OIM also perform various charitable and philanthropic activities on behalf of FBE Limited including assisting with the rendering of investment advice to the Charities. The charitable and philanthropic activities of FBE Limited are discussed in this Brochure in the context of various conflicts of interest that may arise between these activities and servicing OIM’s Clients. Background OIM provides discretionary investment advice to its Clients which include only private pooled investment vehicles. In connection with this activity, OIM has established a FoF Division that advises Clients with respect to Hedge Fund Investments (as defined below) and a PE Division that advises Clients with respect to Illiquid Investments (as defined below). Currently. OIM’s FoF Division Clients are OPUS Fund LLC (“Opus Fund”), Opus Preferred Fund LLC (“Opus Preferred” and collectively with Opus Fund, the “Onshore Hedge Funds”) and OPUS Fund International Ltd. (the “Offshore Fund” and collectively with the Onshore Hedge Funds, the “Hedge Funds”). Currently, OIM’s sole PE Division Client is Opus Private Equity Opportunity Fund LLC (the “PE Fund” and collectively with the Hedge Funds, the “Funds”). Each Hedge Fund is comprised of multiple investing classes (each, a “Hedge Fund Class”) and OIM may create multiple additional investing classes for the PE Fund which currently is comprised of a single class (as described below) (each, a “PE Fund Class” and collectively with the Hedge Fund Classes, the “Classes”). Each Class can differ from each other on the basis of their investment strategies, liquidity rights, eligible investors, and/or management fees and performance-based compensation as well as the exemption from registration under the Investment Company Act of 1940,

as amended (the “1940 Act”), pursuant to which they operate. The FoF Division The FoF Division IC has exclusive authority to make all investment decisions and to decide on all investment allocation and re-allocation determinations for the Hedge Funds. The Hedge Funds invest in various private investment funds and/or other investment vehicles (all of the foregoing, collectively, “Investment Vehicles”), which are managed by independent investment managers (collectively, the “External Managers”), that pursue a wide range of relatively liquid alternative investment strategies (collectively, “Hedge Fund Investments”). All investment decisions and investment allocation and re-allocation determinations of the FoF Division IC will be carried out by the FoF Division executive officers in their respective roles. Opus Preferred relies on the Section 3(c)(7) exclusion from the definition of investment company under the 1940 Act. Opus Preferred currently offers five Hedge Fund Classes: Diversified, Concentrated, Focused, Balanced Equity, and Credit Opportunities. Opus Fund relies on the Section 3(c)(1) exclusion from the definition of investment company under the 1940 Act. Opus Fund currently offers three Hedge Fund Classes: Diversified, Concentrated and Balanced Equity Classes. However, since January 1, 2022, the Opus Fund Balanced Equity Class does not have any investors. The Offshore Fund relies on the Section 3(c)(7) exclusion from the definition of investment company under the 1940 Act. The Offshore Fund has ten Hedge Fund Classes: Diversified, B, C, E, H, K, M, PS, T and TP. The PE Division The PE Division IC has exclusive authority to make all investment decisions and to decide on all investment allocation and re-allocation determinations with respect to all investments (i) that provide direct or indirect exposure to loans and structured credit investments (collectively, “Loan and Credit Investments”); (ii) in various private equity funds and/or similar vehicles pursuing long-term or generally illiquid investment strategies (e.g., private equity, growth equity, venture capital investments, litigation financing, impact, private credit investments, distressed assets, etc.) (each, an “Underlying Fund,” and (collectively, the “Underlying Funds”) each of which is managed by a third party investment advisors (collectively, the (“Investment Advisors”) ; (iii) that provide direct or indirect exposure to real estate properties and/or other real estate related assets (collectively, “Real Estate Investments”); and (iv) in any other investments that are ancillary to any of the foregoing (such other investments, Loan and Credit Investments, Underlying Funds and Real Estate Investments, collectively, “Illiquid Investments”). All investment decisions and investment allocation and re-allocation determinations of the PE Division IC will be carried out by the PE Division executive officers in their respective roles. Currently, the only OIM Client advised by the PE Division is Opus Private Equity Opportunity Fund LLC (the “PE Fund”). The PE Fund initially is offering a single class of limited liability company interests (“Interests”) designated as the “Vintage I Class,” and may offer any number of additional classes (each, a “PE Fund Class”) of Interests from time to time. The PE Fund relies on the Section 3(c)(7) exclusion from the definition of investment company under the 1940 Act. Opus Capital Management OIM’s affiliate, Opus Capital Management LLC (“Opus Capital”), is the administrative manager for each of the Funds and in that capacity performs all the administrative tasks that are required for the efficient operation of the Funds. Investments in the Funds are privately offered only to eligible investors. See Item 7 below for information about eligible investors. The relationship between OIM and each Fund is governed by such Fund’s operating agreement, memorandum of association, confidential offering memorandum (“Memorandum”), subscription agreements, and any exhibits, supplements or amendments thereto as applicable (all the foregoing, collectively, the “Offering Documents”) and, where applicable, the terms of the investment advisory agreement between OIM and such Fund. Each Fund’s investment objectives and restrictions are set forth in the Offering Documents. Opus Capital from time to time (whether granted through side letters or otherwise) permits certain Fund investors (including affiliated investors) to invest in a Class on different terms than other investors in the Class, including with respect to: (i) redemption rights; (ii) lower or no management fees and/or performance compensation; (iii) investment parameters; and (iv) such other provisions as Opus Capital may specify. The establishment or existence of different terms for certain investors will not entitle any other investor or class of investors to the same or similar terms, and neither Opus Capital nor OIM will be required to obtain the consent or approval of, or give notice to, any investor or class of investors in connection with those terms. OIM does not participate as manager or investment adviser in any wrap fee programs. As of December 31, 2023, the Hedge Funds consisted of approximately $250,820,675 in gross assets. On March 1, 2024, OIM launched the PE Fund with approximately $15,103,001 in gross assets. Consequently, OIM’s total Regulatory Assets Under Management is $265,923,676 which consists of the December 31, 2023 Hedge Fund gross assets and the March 1, 2024, PE Fund gross assets. All of OIM’s Regulatory Assets Under Management are managed on a discretionary basis.