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Form ADV (full filing)

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                                                                           FORM ADV
     UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION AND REPORT BY EXEMPT REPORTING ADVISERS

Primary Business Name: CAPRICORN FUND MANAGERS LIMITED                                                                                           CRD Number: 323709
Other-Than-Annual Amendment - All Sections                                                                                                                Rev. 10/2021
5/19/2026 4:47:22 PM



WARNING: Complete this form truthfully. False statements or omissions may result in denial of your application, revocation of your registration, or criminal
         prosecution. You must keep this form updated by filing periodic amendments. See Form ADV General Instruction 4.
Item 1 Identifying Information

Responses to this Item tell us who you are, where you are doing business, and how we can contact you. If you are filing an umbrella registration, the
information in Item 1 should be provided for the filing adviser only. General Instruction 5 provides information to assist you with filing an umbrella registration.

A.   Your full legal name (if you are a sole proprietor, your last, first, and middle names):
     CAPRICORN FUND MANAGERS LIMITED


B.   (1) Name under which you primarily conduct your advisory business, if different from Item 1.A.
     CAPRICORN FUND MANAGERS LIMITED

     List on Section 1.B. of Schedule D any additional names under which you conduct your advisory business.


     (2) If you are using this Form ADV to register more than one investment adviser under an umbrella registration, check this box

     If you check this box, complete a Schedule R for each relying adviser.


C.   If this filing is reporting a change in your legal name (Item 1.A.) or primary business name (Item 1.B.(1)), enter the new name and specify whether the
     name change is of
        your legal name or        your primary business name:


D.   (1) If you are registered with the SEC as an investment adviser, your SEC file number:
     (2) If you report to the SEC as an exempt reporting adviser, your SEC file number: 802-126896
     (3) If you have one or more Central Index Key numbers assigned by the SEC ("CIK Numbers"), all of your CIK numbers:
     CIK Number
     1901361



E.   (1) If you have a number ("CRD Number") assigned by the FINRA's CRD system or by the IARD system, your CRD number: 323709

     If your firm does not have a CRD number, skip this Item 1.E. Do not provide the CRD number of one of your officers, employees, or affiliates.


     (2) If you have additional CRD Numbers, your additional CRD numbers:
                                                                              No Information Filed



F.   Principal Office and Place of Business
     (1) Address (do not use a P.O. Box):
         Number and Street 1:                                                          Number and Street 2:
         MALTA HOUSE, 36-38 PICCADILLY                                                 2ND FLOOR
         City:                                       State:                            Country:                             ZIP+4/Postal Code:
         LONDON                                                                        United Kingdom                       W1J 0DP

         If this address is a private residence, check this box:

         List on Section 1.F. of Schedule D any office, other than your principal office and place of business, at which you conduct investment advisory business. If
         you are applying for registration, or are registered, with one or more state securities authorities, you must list all of your offices in the state or states to
         which you are applying for registration or with whom you are registered. If you are applying for SEC registration, if you are registered only with the SEC, or
         if you are reporting to the SEC as an exempt reporting adviser, list the largest twenty-five offices in terms of numbers of employees as of the end of your
         most recently completed fiscal year.

     (2) Days of week that you normally conduct business at your principal office and place of business:
           Monday - Friday    Other:

         Normal business hours at this location:
         09:00 - 18:00 BST
     (3) Telephone number at this location:
         +442039895612
     (4) Facsimile number at this location, if any:
     (5) What is the total number of offices, other than your principal office and place of business, at which you conduct investment advisory business as of
         the end of your most recently completed fiscal year?
         26


G.   Mailing address, if different from your principal office and place of business address:

     Number and Street 1:                                                   Number and Street 2:
     City:                          State:                                  Country:                       ZIP+4/Postal Code:


     If this address is a private residence, check this box:


H.   If you are a sole proprietor, state your full residence address, if different from your principal office and place of business address in Item 1.F.:

     Number and Street 1:                                                    Number and Street 2:
     City:                          State:                                   Country:                      ZIP+4/Postal Code:

                                                                                                                                                                      Yes No
I.   Do you have one or more websites or accounts on publicly available social media platforms (including, but not limited to, Twitter, Facebook and
     LinkedIn)?


     If "yes," list all firm website addresses and the address for each of the firm's accounts on publicly available social media platforms on Section 1.I. of Schedule D.
     If a website address serves as a portal through which to access other information you have published on the web, you may list the portal without listing
     addresses for all of the other information. You may need to list more than one portal address. Do not provide the addresses of websites or accounts on publicly
     available social media platforms where you do not control the content. Do not provide the individual electronic mail (e-mail) addresses of employees or the
     addresses of employee accounts on publicly available social media platforms.


J.   Chief Compliance Officer
     (1) Provide the name and contact information of your Chief Compliance Officer. If you are an exempt reporting adviser, you must provide the contact
     information for your Chief Compliance Officer, if you have one. If not, you must complete Item 1.K. below.

     Name:                                                                   Other titles, if any:
     Telephone number:                                                       Facsimile number, if any:
     Number and Street 1:                                                    Number and Street 2:
     City:                          State:                                   Country:                      ZIP+4/Postal Code:


     Electronic mail (e-mail) address, if Chief Compliance Officer has one:


     (2) If your Chief Compliance Officer is compensated or employed by any person other than you, a related person or an investment company registered
     under the Investment Company Act of 1940 that you advise for providing chief compliance officer services to you, provide the person's name and IRS
     Employer Identification Number (if any):
     Name:
     IRS Employer Identification Number:


K.   Additional Regulatory Contact Person: If a person other than the Chief Compliance Officer is authorized to receive information and respond to questions
     about this Form ADV, you may provide that information here.

     Name:                                                                  Titles:
     Telephone number:                                                      Facsimile number, if any:
     Number and Street 1:                                                   Number and Street 2:
     City:                          State:                                  Country:                       ZIP+4/Postal Code:


     Electronic mail (e-mail) address, if contact person has one:

                                                                                                                                                                      Yes No
L.   Do you maintain some or all of the books and records you are required to keep under Section 204 of the Advisers Act, or similar state law,
     somewhere other than your principal office and place of business?


     If "yes," complete Section 1.L. of Schedule D.
                                                                                                                                                                      Yes No
M.   Are you registered with a foreign financial regulatory authority?


     Answer "no" if you are not registered with a foreign financial regulatory authority, even if you have an affiliate that is registered with a foreign financial
     regulatory authority. If "yes," complete Section 1.M. of Schedule D.
                                                                                                                                                                      Yes No
N.   Are you a public reporting company under Sections 12 or 15(d) of the Securities Exchange Act of 1934?

                                                                                                                                                                      Yes No
O.   Did you have $1 billion or more in assets on the last day of your most recent fiscal year?
     If yes, what is the approximate amount of your assets:
          $1 billion to less than $10 billion

          $10 billion to less than $50 billion
           $50 billion or more




      For purposes of Item 1.O. only, "assets" refers to your total assets, rather than the assets you manage on behalf of clients. Determine your total assets using
      the total assets shown on the balance sheet for your most recent fiscal year end.


P.    Provide your Legal Entity Identifier if you have one:
      213800GJHWB8WAJ1OE03

      A legal entity identifier is a unique number that companies use to identify each other in the financial marketplace. You may not have a legal entity
      identifier.




SECTION 1.B. Other Business Names


                                                                        No Information Filed



SECTION 1.F. Other Offices

 Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
 You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
 if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


 Number and Street 1:                                                    Number and Street 2:
 2ND FLOOR, MALTA HOUSE                                                  36-38 PICCADILLY
 City:                                                  State:           Country:                                 ZIP+4/Postal Code:
 LONDON                                                                  United Kingdom                           W1J 0DP


 If this address is a private residence, check this box:


 Telephone Number:                                      Facsimile Number, if any:
 +447532467471


 If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
 adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


 How many employees perform investment advisory functions from this office location?
 2


 Are other business activities conducted at this office location? (check all that apply)
     (1) Broker-dealer (registered or unregistered)
     (2) Bank (including a separately identifiable department or division of a bank)
     (3) Insurance broker or agent
     (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
     (5) Registered municipal advisor
     (6) Accountant or accounting firm
     (7) Lawyer or law firm


 Describe any other investment-related business activities conducted from this office location:




 Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
 You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
 if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


 Number and Street 1:                                                    Number and Street 2:
 201 HAVERSTOCK HILL                                                     2ND FLOOR
 City:                                                  State:           Country:                                 ZIP+4/Postal Code:
 LONDON                                                                  United Kingdom                           NW3 4QG


 If this address is a private residence, check this box:
Telephone Number:                                    Facsimile Number, if any:
+972542000000


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
23 BERKELEY SQUARE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W1J 6EJ


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+442037093680


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                             Number and Street 2:
COUNTY HALL, RIVERSIDE BUILDING                                                  2ND FLOOR
City:                                                         State:             Country:                             ZIP+4/Postal Code:
LONDON                                                                           United Kingdom                       SE1 7GP
If this address is a private residence, check this box:


Telephone Number:                                             Facsimile Number, if any:
+447341885662


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                    Number and Street 2:
3 VALENTINE PLACE                                                       6TH FLOOR
City:                                                State:             Country:                                 ZIP+4/Postal Code:
LONDON                                                                  United Kingdom                           SE1 8QH


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447887636387


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
3


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                    Number and Street 2:
86-90 PAUL STREET
City:                                                State:             Country:                                 ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            EC2A 4NE


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447501950034


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
1 CASTLE LANE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            SW1E 6DR


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447747618344


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
3


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                               Number and Street 2:
STUDIO 62 GREAT WESTERN STUDIOS                                                    65 ALFRED ROAD
City:                                                         State:               Country:                            ZIP+4/Postal Code:
LONDON                                                                             United Kingdom                      W2 5EU


If this address is a private residence, check this box:


Telephone Number:                                             Facsimile Number, if any:
+447884287536


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
24 OLD BOND STREET                                                     5TH FLOOR
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W1S 4QA


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+442045823311


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).
Number and Street 1:                                                   Number and Street 2:
32 CURZON STREET
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W1J 7TS


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447766704917


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
6


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
30-34 NEW BRIDGE STREET
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            EC4V 6BJ


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+4407770331335


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
4


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:
Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
89 WORSHIP STREET                                                      HACKNEY
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            EC2A 2BF


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+4407875321390


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                         Number and Street 2:
5 KEW ROAD
City:                                                         State:         Country:                               ZIP+4/Postal Code:
RICHMOND UPON THAMES                                                         United Kingdom                         TW9 2PR


If this address is a private residence, check this box:


Telephone Number:                                             Facsimile Number, if any:
+4407944080446


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:
Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
23 BERKELEY SQUARE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W1J 6HE


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447517512323


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
DEVONSHIRE HOUSE                                                       1 MAYFAIR PLACE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W1J 8AJ


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+971564809129


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm
Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                    Number and Street 2:
27 OLD GLOUCESTER STREET
City:                                                 State:            Country:                                 ZIP+4/Postal Code:
LONDON                                                                  United Kingdom                           WC1N 3AX


If this address is a private residence, check this box:


Telephone Number:                                     Facsimile Number, if any:
+447734325932


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                       Number and Street 2:
10 ORANGE STREET HAYMARKET
City:                                                     State:           Country:                                ZIP+4/Postal Code:
LONDON                                                                     United Kingdom                          WC2H 7DQ


If this address is a private residence, check this box:


Telephone Number:                                         Facsimile Number, if any:
+27713638130


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                        Number and Street 2:
937, NEW PROVIDENCE WHARF                                                   BLOCK E
City:                                                     State:            Country:                               ZIP+4/Postal Code:
LONDON                                                                      United Kingdom                         E14 9FG


If this address is a private residence, check this box:


Telephone Number:                                         Facsimile Number, if any:
+447500771821


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                    Number and Street 2:
SPACES THE FOUNDRY                                                      77 FULHAM PALACE ROAD
City:                                                State:             Country:                                 ZIP+4/Postal Code:
LONDON                                                                  United Kingdom                           W6 7JA


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447789962129


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
23 HARBEN ROAD
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            NW6 4RH


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447506149670


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
OFFICE 3.02A                                                           ONE LYRIC SQUARE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W6 0NB


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447764274257


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
14 QUEEN ANNE'S GATE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            SW1H 9AA


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447891943277


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
60 LONDON WALL
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            EC2M 5SJ


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447729808909


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
2 EATON GATE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            SW1W 9BJ


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+442070966280


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
25 OAKLEY STREET
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            SW3 5NT


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447917838117


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1
Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
THE BARN, HALL FARM                                                    HALL DRIVE, CANWICK
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LINCOLN                                                                United Kingdom                            LN4 2RG


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+61491317105


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
25 QUEEN ANNE'S GATE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            SW1H 9BU


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+442046267816


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:
How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
29 FARM STREET
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W1J 6TP


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+442077760812


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                    Number and Street 2:
PARKHALL BUSINESS CENTRE                                                40 MARTELL ROAD
City:                                                 State:            Country:                                 ZIP+4/Postal Code:
LONDON                                                                  United Kingdom                           SE21 8EN


If this address is a private residence, check this box:


Telephone Number:                                     Facsimile Number, if any:
+447512551049
If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
14 HANOVER SQUARE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W1S 1HN


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447900401439


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
SUITE 3.05-06                                                          16 BERKELEY STREET
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W1J 8DZ


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447813968107


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
LEVEL 7, 155 BISHOPSGATE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            EC2M 3TQ


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+442038569310


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                          Number and Street 2:
C/O MHA, 2 LONDON WALL PLACE
City:                                                     State:              Country:                              ZIP+4/Postal Code:
LONDON                                                                        United Kingdom                        EC2Y 5AU


If this address is a private residence, check this box:
Telephone Number:                                         Facsimile Number, if any:
+447757849251


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
AMELIA HOUSE                                                           CRESCENT ROAD
City:                                                State:            Country:                                  ZIP+4/Postal Code:
WORTHING                                                               United Kingdom                            BN11 1RL


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447590 627061


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
UNIT 112, SWAN COURT                                                   11 WORPLE ROAD
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            SW19 4JS
If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+442082649481


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
6.18 NOVA NORTH                                                        11 BRESSENDEN PLACE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            SW1E 5BY


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+442073433819


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                       Number and Street 2:
14 FLORAL STREET, 2ND FLOOR
City:                                                     State:            Country:                               ZIP+4/Postal Code:
LONDON                                                                      United Kingdom                         WC2E 9DJ


If this address is a private residence, check this box:


Telephone Number:                                         Facsimile Number, if any:
+16467572831


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
10


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                    Number and Street 2:
12 HAY HILL
City:                                                State:             Country:                                 ZIP+4/Postal Code:
LONDON                                                                  United Kingdom                           W1J 8NR


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447748647381


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
3


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).
Number and Street 1:                                                   Number and Street 2:
145 HIGH STREET
City:                                                State:            Country:                                  ZIP+4/Postal Code:
SEVENOAKS                                                              United Kingdom                            TN13 1XJ


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447502502864


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
ST. PETERS HOUSE                                                       130 WOOD STREET
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            EC2V 6DL


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+44203867970


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
32 CURZON STREET
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W1J 7WS


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447780650457


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
4


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
MICHELIN HOUSE                                                         81 FULHAM ROAD
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            SW3 6RD


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447789863214


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
3


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:
Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
11 PILGRIM STREET
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            EC4V 6RN


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447918491953


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
INTERNATIONAL HOUSE                                                    36-38 CORNHILL
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            EC3V 3NG


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447932566320


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:
Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
124 FINCHLEY ROAD
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            NW3 5JS


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447971787391


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
3


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
43 KELVEDON ROAD
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            SW6 5BP


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447852443164


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
2


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm
Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
11 BOLTON STREET
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W1J 8BB


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+442030230417


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
5 CHURCHILL PLACE                                                      CANARY WHARF
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            E14 5HU


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447919555777


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
4TH FLOOR                                                              251 PENTONVILLE ROAD
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            N1 9NG


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447876565130


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
FLAT 4 LANDAU APARTMENTS                                               72 FARM LANE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            SW6 1QA


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447555574946


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
FLAT 19, RUGBY MANSIONS                                                BISHOP KINGS ROAD
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W14 8XD


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+447725741251


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
  (2) Bank (including a separately identifiable department or division of a bank)
  (3) Insurance broker or agent
  (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
  (5) Registered municipal advisor
  (6) Accountant or accounting firm
  (7) Lawyer or law firm


Describe any other investment-related business activities conducted from this office location:




Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business.
You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or
if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).


Number and Street 1:                                                   Number and Street 2:
LANDMARK                                                               33 CAVENDISH SQUARE
City:                                                State:            Country:                                  ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                            W1G 0PW


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile Number, if any:
+442070786130


If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment
adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:


How many employees perform investment advisory functions from this office location?
1


Are other business activities conducted at this office location? (check all that apply)
  (1) Broker-dealer (registered or unregistered)
   (2) Bank (including a separately identifiable department or division of a bank)
   (3) Insurance broker or agent
   (4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
   (5) Registered municipal advisor
   (6) Accountant or accounting firm
   (7) Lawyer or law firm


 Describe any other investment-related business activities conducted from this office location:




SECTION 1.I. Website Addresses

 List your website addresses, including addresses for accounts on publicly available social media platforms where you control the content (including, but not
 limited to, Twitter, Facebook and/or LinkedIn). You must complete a separate Schedule D Section 1.I. for each website or account on a publicly available
 social media platform.


 Address of Website/Account on Publicly Available Social Media Platform:        https://capricornfundmanagers.com/




 Address of Website/Account on Publicly Available Social Media Platform:        https://www.linkedin.com/company/capricorn-fund-managers/




SECTION 1.L. Location of Books and Records

 Complete the following information for each location at which you keep your books and records, other than your principal office and place of business. You
 must complete a separate Schedule D, Section 1.L. for each location.


 Name of entity where books and records are kept:
 BOLDER CORPORATE SERVICES (NETHERLANDS) B.V.


 Number and Street 1:                                                           Number and Street 2:
 DE BOELELAAN 7                                                                 7TH FLOOR 1083 HJ
 City:                                                     State:               Country:                        ZIP+4/Postal Code:
 AMSTERDAM                                                                      Netherlands                     3811


 If this address is a private residence, check this box:


 Telephone Number:                                         Facsimile number, if any:
 +31208025200


 This is (check one):
    one of your branch offices or affiliates.

    a third-party unaffiliated recordkeeper.

    other.



 Briefly describe the books and records kept at this location.
 AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS.




 Name of entity where books and records are kept:
 APEX FUND SERVICES LTD.


 Number and Street 1:                                                                    Number and Street 2:
 20 REID STREET, WILLIAMS HOUSE                                                          3RD FLOOR
 City:                                                              State:               Country:                ZIP+4/Postal Code:
 HAMILTON                                                                                Bermuda                 HM11


 If this address is a private residence, check this box:


 Telephone Number:                                                  Facsimile number, if any:
 1(441)292-2739
This is (check one):
   one of your branch offices or affiliates.

   a third-party unaffiliated recordkeeper.

   other.



Briefly describe the books and records kept at this location.
AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS RELATING TO PRIVATE FUNDS.




Name of entity where books and records are kept:
NAV CONSULTING INC.


Number and Street 1:                                                          Number and Street 2:
1 TRANS AM PLAZA DRIVE                                                        SUITE 400
City:                                                     State:              Country:                         ZIP+4/Postal Code:
OAKBROOK TERRACE                                          Illinois            United States                    60181


If this address is a private residence, check this box:


Telephone Number:                                         Facsimile number, if any:
6309541919


This is (check one):
   one of your branch offices or affiliates.

   a third-party unaffiliated recordkeeper.

   other.



Briefly describe the books and records kept at this location.
AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS RELATING TO PRIVATE FUNDS.




Name of entity where books and records are kept:
OPUS FUND SERVICES (IRE-ADMIN) LIMITED


Number and Street 1:                                                                              Number and Street 2:
ENNISCORTHY COURTHOUSE, COURT STREET
City:                                                                     State:                  Country:           ZIP+4/Postal Code:
ENNISCORTHY                                                                                       Ireland            Y21 NT97


If this address is a private residence, check this box:


Telephone Number:                                                         Facsimile number, if any:
+35315713060


This is (check one):
   one of your branch offices or affiliates.

   a third-party unaffiliated recordkeeper.

   other.



Briefly describe the books and records kept at this location.
AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS.




Name of entity where books and records are kept:
CITCO FUND ADMINISTRATION (CAYMAN ISLANDS) LIMITED


Number and Street 1:                                                                  Number and Street 2:
89 NEXUS WAY, 2ND FLOOR
City:                                                                State:           Country:                       ZIP+4/Postal Code:
CAMANA BAY, GRAND CAYMAN                                                              Cayman Islands                 KY1-1205


If this address is a private residence, check this box:
Telephone Number:                                              Facsimile number, if any:
+13459493977


This is (check one):
   one of your branch offices or affiliates.

   a third-party unaffiliated recordkeeper.

   other.



Briefly describe the books and records kept at this location.
AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS.




Name of entity where books and records are kept:
MORGAN STANLEY FUND SERVICES (IRELAND) LIMITED


Number and Street 1:                                                             Number and Street 2:
24-26 CITY QUAY
City:                                                     State:                 Country:               ZIP+4/Postal Code:
DUBLIN                                                                           Ireland                D02 NY19


If this address is a private residence, check this box:


Telephone Number:                                         Facsimile number, if any:
+35317998700


This is (check one):
   one of your branch offices or affiliates.

   a third-party unaffiliated recordkeeper.

   other.



Briefly describe the books and records kept at this location.
AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS.




Name of entity where books and records are kept:
VISTRA (UK) LIMITED


Number and Street 1:                                                   Number and Street 2:
50 BROADWAY                                                            7TH FLOOR
City:                                                State:            Country:                              ZIP+4/Postal Code:
LONDON                                                                 United Kingdom                        SW1H 0BD


If this address is a private residence, check this box:


Telephone Number:                                    Facsimile number, if any:
+4402038727310


This is (check one):
   one of your branch offices or affiliates.

   a third-party unaffiliated recordkeeper.

   other.



Briefly describe the books and records kept at this location.
AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS RELATING TO PRIVATE FUNDS.




Name of entity where books and records are kept:
WAYSTONE ADMINISTRATION SOLUTIONS (IE) LTD


Number and Street 1:                                                                  Number and Street 2:
35 SHELBOURNE RD, BALLSBRIDGE                                                         4TH FLOOR
City:                                                     State:               Country:                 ZIP+4/Postal Code:
DUBLIN                                                                         Ireland                  D04 A4EO


If this address is a private residence, check this box:


Telephone Number:                                         Facsimile number, if any:
+35318992400


This is (check one):
   one of your branch offices or affiliates.

   a third-party unaffiliated recordkeeper.

   other.



Briefly describe the books and records kept at this location.
AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS RELATING TO PRIVATE FUNDS.




Name of entity where books and records are kept:
MORGAN STANLEY FUND SERVICES (CAYMAN) LIMITED


Number and Street 1:                                                         Number and Street 2:
190 ELGIN AVENUE
City:                                                        State:          Country:                         ZIP+4/Postal Code:
GEORGE TOWN, GRAND CAYMAN                                                    Cayman Islands                   KY1-9008


If this address is a private residence, check this box:


Telephone Number:                                            Facsimile number, if any:
+35317998700


This is (check one):
   one of your branch offices or affiliates.

   a third-party unaffiliated recordkeeper.

   other.



Briefly describe the books and records kept at this location.
AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS RELATING TO PRIVATE FUNDS.




Name of entity where books and records are kept:
ALTUM TRUSTEES LIMITED


Number and Street 1:                                                             Number and Street 2:
LIBERATION HOUSE, CASTLE STREET                                                  1ST FLOOR
City:                                                      State:                Country:                ZIP+4/Postal Code:
ST. HELIER                                                                       Jersey                  JE1 1GL


If this address is a private residence, check this box:


Telephone Number:                                          Facsimile number, if any:
+441534846600


This is (check one):
   one of your branch offices or affiliates.

   a third-party unaffiliated recordkeeper.

   other.



Briefly describe the books and records kept at this location.
AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS RELATING TO PRIVATE FUNDS.
Name of entity where books and records are kept:
WAYSTONE ADMINISTRATION SOLUTIONS (US) INC.


Number and Street 1:                                                            Number and Street 2:
16-00 ROUTE 208 SOUTH                                                           3RD FLOOR
City:                                               State:                      Country:                        ZIP+4/Postal Code:
FAIR LAWN                                           New Jersey                  United States                   07410


If this address is a private residence, check this box:


Telephone Number:                                   Facsimile number, if any:
+1201 335 1271


This is (check one):
   one of your branch offices or affiliates.

   a third-party unaffiliated recordkeeper.

   other.



Briefly describe the books and records kept at this location.
AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS RELATING TO PRIVATE FUNDS.




Name of entity where books and records are kept:
CSC FUND SERVICES UK LIMITED


Number and Street 1:                                                               Number and Street 2:
5 CHURCHILL PLACE, PART 10TH FLOOR                                                 CANARY WHARF
City:                                                         State:               Country:                         ZIP+4/Postal Code:
LONDON                                                                             United Kingdom                   E14 5HU


If this address is a private residence, check this box:


Telephone Number:                                             Facsimile number, if any:
+4402038550285


This is (check one):
   one of your branch offices or affiliates.

   a third-party unaffiliated recordkeeper.

   other.



Briefly describe the books and records kept at this location.
AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS RELATING TO PRIVATE FUNDS.




Name of entity where books and records are kept:
BROWN BROTHERS HARRIMAN FUND ADMINISTRATION SERVICES (IRELAND) LIMITED


Number and Street 1:                                                            Number and Street 2:
30 HERBERT STREET
City:                                                      State:               Country:                  ZIP+4/Postal Code:
DUBLIN                                                                          Ireland                   D02 W329


If this address is a private residence, check this box:


Telephone Number:                                          Facsimile number, if any:
+35316036200


This is (check one):
   one of your branch offices or affiliates.

   a third-party unaffiliated recordkeeper.

   other.
 Briefly describe the books and records kept at this location.
 AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS RELATING TO PRIVATE FUNDS.




 Name of entity where books and records are kept:
 HEDGESERV (LUXEMBOURG) S.À R.L.


 Number and Street 1:                                                            Number and Street 2:
 2-2A RUE ALBERT BORSCHETTE
 City:                                                       State:              Country:                          ZIP+4/Postal Code:
 LUXEMBOURG                                                                      Luxembourg                        L-1246


 If this address is a private residence, check this box:


 Telephone Number:                                           Facsimile number, if any:
 +35228679774


 This is (check one):
    one of your branch offices or affiliates.

     a third-party unaffiliated recordkeeper.

     other.



 Briefly describe the books and records kept at this location.
 AS FUND ADMINISTRATOR, MAINTAINS CERTAIN BOOKS AND RECORDS RELATING TO PRIVATE FUNDS.




SECTION 1.M. Registration with Foreign Financial Regulatory Authorities

 List the name and country, in English, of each foreign financial regulatory authority with which you are registered. You must complete a separate Schedule D
 Section 1.M. for each foreign financial regulatory authority with whom you are registered.


 Name of Country/Foreign Financial Regulatory Authority:
 United Kingdom - Financial Conduct Authority


 Other:




Item 2 SEC Registration/Reporting
SEC Reporting by Exempt Reporting Advisers
B.   Complete this Item 2.B. only if you are reporting to the SEC as an exempt reporting adviser. Check all that apply. You:
          (1) qualify for the exemption from registration as an adviser solely to one or more venture capital funds, as defined in rule 203(l)-1;
          (2)   qualify for the exemption from registration because you act solely as an adviser to private funds and have assets under management, as defined
                in rule 203(m)-1, in the United States of less than $150 million;
          (3)   act solely as an adviser to private funds but you are no longer eligible to check box 2.B.(2) because you have assets under management, as
                defined in rule 203(m)-1, in the United States of $150 million or more.


          If you check box (2) or (3), complete Section 2.B. of Schedule D.



SECTION 2.B. Private Fund Assets
If you check Item 2.B.(2) or (3), what is the amount of the private fund assets that you manage?                                                               $0


NOTE: "Private fund assets" has the same meaning here as it has under rule 203(m)-1. If you are an investment adviser with its principal office and place of
business outside the United States only include private fund assets that you manage at a place of business in the United States.




Item 3 Form of Organization
If you are filing an umbrella registration, the information in Item 3 should be provided for the filing adviser only.
A.   How are you organized?
           Corporation

           Sole Proprietorship

           Limited Liability Partnership (LLP)
           Partnership

           Limited Liability Company (LLC)

           Limited Partnership (LP)

           Other (specify):   PRIVATE LIMITED COMPANY


     If you are changing your response to this Item, see Part 1A Instruction 4.


B.   In what month does your fiscal year end each year?
     DECEMBER


C.   Under the laws of what state or country are you organized?
     State Country
             United Kingdom


     If you are a partnership, provide the name of the state or country under whose laws your partnership was formed. If you are a sole proprietor, provide the
     name of the state or country where you reside.

     If you are changing your response to this Item, see Part 1A Instruction 4.




Item 6 Other Business Activities

In this Item, we request information about your firm's other business activities.

A.   You are actively engaged in business as a (check all that apply):
           (1)    broker-dealer (registered or unregistered)
           (2)    registered representative of a broker-dealer
           (3)    commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
           (4)    futures commission merchant
           (5)    real estate broker, dealer, or agent
           (6)    insurance broker or agent
           (7)    bank (including a separately identifiable department or division of a bank)
           (8)    trust company
           (9)    registered municipal advisor
           (10)   registered security-based swap dealer
           (11)   major security-based swap participant
           (12)   accountant or accounting firm
           (13)   lawyer or law firm
           (14)   other financial product salesperson (specify):


     If you engage in other business using a name that is different from the names reported in Items 1.A. or 1.B.(1), complete Section 6.A. of Schedule D.
                                                                                                                                                             Yes No
B.   (1)   Are you actively engaged in any other business not listed in Item 6.A. (other than giving investment advice)?

     (2)   If yes, is this other business your primary business?

           If "yes," describe this other business on Section 6.B.(2) of Schedule D, and if you engage in this business under a different name, provide that name.
                                                                                                                                                             Yes No
     (3)   Do you sell products or provide services other than investment advice to your advisory clients?


           If "yes," describe this other business on Section 6.B.(3) of Schedule D, and if you engage in this business under a different name, provide that name.




SECTION 6.A. Names of Your Other Businesses


                                                                        No Information Filed


SECTION 6.B.(2) Description of Primary Business
Describe your primary business (not your investment advisory business):


If you engage in that business under a different name, provide that name:




SECTION 6.B.(3) Description of Other Products and Services
Describe other products or services you sell to your client. You may omit products and services that you listed in Section 6.B.(2) above.
If you engage in that business under a different name, provide that name:




Item 7 Financial Industry Affiliations

In this Item, we request information about your financial industry affiliations and activities. This information identifies areas in which conflicts of interest may
occur between you and your clients.

A.   This part of Item 7 requires you to provide information about you and your related persons, including foreign affiliates. Your related persons are all of your
     advisory affiliates and any person that is under common control with you.
     You have a related person that is a (check all that apply):
           (1)     broker-dealer, municipal securities dealer, or government securities broker or dealer (registered or unregistered)
           (2)     other investment adviser (including financial planners)
           (3)     registered municipal advisor
           (4)     registered security-based swap dealer
           (5)     major security-based swap participant
           (6)     commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
           (7)     futures commission merchant
           (8)     banking or thrift institution
           (9)     trust company
           (10)    accountant or accounting firm
           (11)    lawyer or law firm
           (12)    insurance company or agency
           (13)    pension consultant
           (14)    real estate broker or dealer
           (15)    sponsor or syndicator of limited partnerships (or equivalent), excluding pooled investment vehicles
           (16)    sponsor, general partner, managing member (or equivalent) of pooled investment vehicles

      Note that Item 7.A. should not be used to disclose that some of your employees perform investment advisory functions or are registered representatives of a
      broker-dealer. The number of your firm's employees who perform investment advisory functions should be disclosed under Item 5.B.(1). The number of your
      firm's employees who are registered representatives of a broker-dealer should be disclosed under Item 5.B.(2).

      Note that if you are filing an umbrella registration, you should not check Item 7.A.(2) with respect to your relying advisers, and you do not have to complete
      Section 7.A. in Schedule D for your relying advisers. You should complete a Schedule R for each relying adviser.

      For each related person, including foreign affiliates that may not be registered or required to be registered in the United States, complete Section 7.A. of
      Schedule D.

      You do not need to complete Section 7.A. of Schedule D for any related person if: (1) you have no business dealings with the related person in connection with
      advisory services you provide to your clients; (2) you do not conduct shared operations with the related person; (3) you do not refer clients or business to the
      related person, and the related person does not refer prospective clients or business to you; (4) you do not share supervised persons or premises with the
      related person; and (5) you have no reason to believe that your relationship with the related person otherwise creates a conflict of interest with your clients.

      You must complete Section 7.A. of Schedule D for each related person acting as qualified custodian in connection with advisory services you provide to your
      clients (other than any mutual fund transfer agent pursuant to rule 206(4)-2(b)(1)), regardless of whether you have determined the related person to be
      operationally independent under rule 206(4)-2 of the Advisers Act.



SECTION 7.A. Financial Industry Affiliations

Complete a separate Schedule D Section 7.A. for each related person listed in Item 7.A.


1.   Legal Name of Related Person:
     INNOVATION INVESTMENT CAPITAL GP LIMITED


2.   Primary Business Name of Related Person:
     INNOVATION INVESTMENT CAPITAL GP LIMITED


3.   Related Person's SEC File Number (if any) (e.g., 801-, 8-, 866-, 802-)
     -
     or
     Other


4.   Related Person's
     (a)   CRD Number (if any):


     (b)   CIK Number(s) (if any):
                                                                               No Information Filed



5.   Related Person is: (check all that apply)
     (a)          broker-dealer, municipal securities dealer, or government securities broker or dealer
       (b)          other investment adviser (including financial planners)
       (c)          registered municipal advisor
       (d)          registered security-based swap dealer
       (e)          major security-based swap participant
       (f)          commodity pool operator or commodity trading advisor (whether registered or exempt from registration)
       (g)          futures commission merchant
       (h)          banking or thrift institution
       (i)          trust company
       (j)          accountant or accounting firm
       (k)          lawyer or law firm
       (l)          insurance company or agency
       (m)          pension consultant
       (n)          real estate broker or dealer
       (o)          sponsor or syndicator of limited partnerships (or equivalent), excluding pooled investment vehicles
       (p)          sponsor, general partner, managing member (or equivalent) of pooled investment vehicles
                                                                                                                                                                  Yes No
6.     Do you control or are you controlled by the related person?


7.     Are you and the related person under common control?


8.     (a)     Does the related person act as a qualified custodian for your clients in connection with advisory services you provide to clients?
       (b)     If you are registering or registered with the SEC and you have answered "yes," to question 8.(a) above, have you overcome the
               presumption that you are not operationally independent (pursuant to rule 206(4)-2(d)(5)) from the related person and thus are not required
               to obtain a surprise examination for your clients' funds or securities that are maintained at the related person?
       (c)     If you have answered "yes" to question 8.(a) above, provide the location of the related person's office responsible for custody of your clients' assets:
               Number and Street 1:                                                  Number and Street 2:
               City:                         State:                                  Country:                       ZIP+4/Postal Code:
               If this address is a private residence, check this box:
                                                                                                                                                                  Yes No
9.     (a)     If the related person is an investment adviser, is it exempt from registration?

       (b)     If the answer is yes, under what exemption?


10. (a)        Is the related person registered with a foreign financial regulatory authority ?
       (b)     If the answer is yes, list the name and country, in English of each foreign financial regulatory authority with which the related person is registered.
                                                                                 No Information Filed
11. Do you and the related person share any supervised persons?


12. Do you and the related person share the same physical location?



Item 7 Private Fund Reporting

                                                                                                                                                                   Yes No

B. Are you an adviser to any private fund?


     If "yes," then for each private fund that you advise, you must complete a Section 7.B.(1) of Schedule D, except in certain circumstances described in the next
     sentence and in Instruction 6 of the Instructions to Part 1A. If you are registered or applying for registration with the SEC or reporting as an SEC exempt
     reporting adviser, and another SEC-registered adviser or SEC exempt reporting adviser reports this information with respect to any such private fund in Section
     7.B.(1) of Schedule D of its Form ADV (e.g., if you are a subadviser), do not complete Section 7.B.(1) of Schedule D with respect to that private fund. You must,
     instead, complete Section 7.B.(2) of Schedule D.

     In either case, if you seek to preserve the anonymity of a private fund client by maintaining its identity in your books and records in numerical or alphabetical
     code, or similar designation, pursuant to rule 204-2(d), you may identify the private fund in Section 7.B.(1) or 7.B.(2) of Schedule D using the same code or
     designation in place of the fund's name.




SECTION 7.B.(1) Private Fund Reporting


                                                                         Funds per Page: 15       Total Funds: 14



 A. PRIVATE FUND


 Information About the Private Fund


     1.      (a) Name of the private fund:
         ALL AFRICA FUND LTD
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-5981421930




2.   Under the laws of what state or country is the private fund organized:
         State:                                         Country:
                                                        Cayman Islands


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     BRAD COWDROY
     COLIN SMITH
     NATHAN DAY



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     Cayman Islands - Cayman Islands Monetary Authority

                                                                                                                                                      Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
     Name of private fund                                                          Private fund identification number
     ALL AFRICA CAYMAN FEEDER LTD                                                  805-9185304925
     ALL AFRICA DELAWARE FEEDER LP                                                 805-4973802199


                                                                                                                                                      Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)




     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:

     Additional Feeder Fund Information : 2 Record(s) Filed.



       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  ALL AFRICA CAYMAN FEEDER LTD


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-9185304925
          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                       Country:
                                                               Cayman Islands


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                  Name of General Partner, Manager, Trustee or Director
                   BRAD COWDROY
                   COLIN SMITH
                   NATHAN DAY



          (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                              No Information Filed


          (e)     The private fund (check all that apply; you must check at least one):
                     (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                  1940
                     (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                  1940


          (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                  Name of Country/English Name of Foreign Financial Regulatory Authority
                   Cayman Islands - Cayman Islands Monetary Authority




       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  ALL AFRICA DELAWARE FEEDER LP


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-4973802199




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                                      Country:
                  Delaware                                                    United States


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                  Name of General Partner, Manager, Trustee or Director
                   ALL AFRICA DELAWARE GP LTD



          (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                              No Information Filed


          (e)     The private fund (check all that apply; you must check at least one):
                     (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                  1940
                     (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                  1940


          (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                                                                              No Information Filed




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                              Yes No
8.   (a) Is this private fund a "fund of funds"?
     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                    Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

          hedge fund    liquidity fund    private equity fund     real estate fund     securitized asset fund   venture capital fund   Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.


11. Current gross asset value of the private fund:
     $ 100,785,850


Ownership


12. Minimum investment commitment required of an investor in the private fund:
     $ 1,000,000
     NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
     organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
     18


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
     0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
     0%
                                                                                                                                                    Yes No
     (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
         Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
     5%


Your Advisory Services
                                                                                                                                                    Yes No
17. (a) Are you a subadviser to this private fund?

     (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
         question 17.(a) is "no," leave this question blank.
                                                                          No Information Filed

                                                                                                                                                    Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

     (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
         to question 18.(a) is "no," leave this question blank.
                                                                          No Information Filed

                                                                                                                                                    Yes No
19. Are your clients solicited to invest in the private fund?

     NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
     0%


Private Offering
                                                                                                                                                    Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?
22. If yes, provide the private fund's Form D file number (if any):
                                                                         No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                    Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

        (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

        If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
        you must complete questions (b) through (f) separately for each auditing firm.

           Additional Auditor Information : 1 Record(s) Filed.

            If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
            firm, you must complete questions (b) through (f) separately for each auditing firm.


            (b) Name of the auditing firm:
                  GRANT THORNTON


            (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                  City:                                               State:                    Country:
                  GEORGE TOWN                                                                   Cayman Islands
                                                                                                                                                  Yes No
            (d) Is the auditing firm an independent public accountant?


            (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                  If yes, Public Company Accounting Oversight Board-Assigned Number:
                  5346


            (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                  accordance with its rules?



                                                                                                                                                    Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

             Yes      No     Report Not Yet Received

        If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                    Yes No
24. (a) Does the private fund use one or more prime brokers?

        If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
        fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.

           Additional Prime Broker Information : 1 Record(s) Filed.



            If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
            private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


            (b) Name of the prime broker:
                BNY MELLON (INTERNATIONAL) LIMITED


            (c) If the prime broker is registered with the SEC, its registration number:
                  -
                  CRD Number (if any):
            (d) Location of prime broker's office used principally by the private fund (city, state and country):
                  City:                                 State:                      Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                   Yes No
            (e) Does this prime broker act as custodian for some or all of the private fund's assets?




Custodian
                                                                                                                                                        Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 1 Record(s) Filed.



            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                BNY MELLON (INTERNATIONAL) LIMITED


            (c) Primary business name of custodian:
                BNY MELLON (INTERNATIONAL) LIMITED


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                 State:                      Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                   Yes No
            (e) Is the custodian a related person of your firm?


            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  -
                  CRD Number (if any):




            (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
                identifier (if any)




Administrator
                                                                                                                                                        Yes No
26. (a) Does the private fund use an administrator other than your firm?

        If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
        must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



            If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
            administrator, you must complete questions (b) through (f) separately for each administrator.


            (b) Name of administrator:
                  WAYSTONE ADMINISTRATION SOLUTIONS (IE) LTD


            (c) Location of administrator (city, state and country):
                  City:                                       State:                              Country:
                  DUBLIN                                                                          Ireland
                                                                                                                                                 Yes No
            (d) Is the administrator a related person of your firm?


            (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                      Yes (provided to all investors)   Some (provided to some but not all investors)    No (provided to no investors)
            (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                  investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."




27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
     100%
     Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
     relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
     allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                      Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                            No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         BARNA MASTER FUND LTD
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-6978296663




2.   Under the laws of what state or country is the private fund organized:
         State:                                        Country:
                                                       Cayman Islands


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     ANIL JOSHI
     CHARLES THOMAS
     NATHAN DAY



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     Cayman Islands - Cayman Islands Monetary Authority

                                                                                                                                                      Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
     Name of private fund                                                            Private fund identification number
     BARNA OFFSHORE FEEDER FUND LTD                                                  805-4886532894


                                                                                                                                                      Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)




     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:

     Additional Feeder Fund Information : 1 Record(s) Filed.



       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  BARNA OFFSHORE FEEDER FUND LTD


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-4886532894




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                       Country:
                                                               Cayman Islands


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                  Name of General Partner, Manager, Trustee or Director
                   ANIL JOSHI
                   CHARLES THOMAS
                   NATHAN DAY



          (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                              No Information Filed


          (e)     The private fund (check all that apply; you must check at least one):
                     (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                  1940
                     (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                  1940


          (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                  Name of Country/English Name of Foreign Financial Regulatory Authority
                   Cayman Islands - Cayman Islands Monetary Authority




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                              Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                              Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

          hedge fund    liquidity fund    private equity fund     real estate fund     securitized asset fund   venture capital fund   Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.


11. Current gross asset value of the private fund:
     $ 13,101,405


Ownership


12. Minimum investment commitment required of an investor in the private fund:
     $ 100,000
     NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
     organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
     7


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
     0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
     0%
                                                                                                                                                    Yes No
     (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
         Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
     0%


Your Advisory Services
                                                                                                                                                    Yes No
17. (a) Are you a subadviser to this private fund?

     (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
         question 17.(a) is "no," leave this question blank.
                                                                          No Information Filed

                                                                                                                                                    Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

     (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
         to question 18.(a) is "no," leave this question blank.
                                                                          No Information Filed

                                                                                                                                                    Yes No
19. Are your clients solicited to invest in the private fund?

     NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
     0%


Private Offering
                                                                                                                                                    Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                        No Information Filed



B. SERVICE PROVIDERS
Auditors
                                                                                                                                                    Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

        (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

        If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
        you must complete questions (b) through (f) separately for each auditing firm.

           Additional Auditor Information : 1 Record(s) Filed.

            If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
            firm, you must complete questions (b) through (f) separately for each auditing firm.


            (b) Name of the auditing firm:
                  GRANT THORNTON


            (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                  City:                                               State:                   Country:
                  GEORGE TOWN                                                                  Cayman Islands
                                                                                                                                                  Yes No
            (d) Is the auditing firm an independent public accountant?


            (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                  If yes, Public Company Accounting Oversight Board-Assigned Number:
                  5346


            (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                  accordance with its rules?



                                                                                                                                                    Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

             Yes      No     Report Not Yet Received

        If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                    Yes No
24. (a) Does the private fund use one or more prime brokers?

        If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
        fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.

           Additional Prime Broker Information : 1 Record(s) Filed.



            If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
            private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


            (b) Name of the prime broker:
                INTERACTIVE BROKERS (UK) LIMITED


            (c) If the prime broker is registered with the SEC, its registration number:
                  -
                  CRD Number (if any):




            (d) Location of prime broker's office used principally by the private fund (city, state and country):
                  City:                                State:                       Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                  Yes No
            (e) Does this prime broker act as custodian for some or all of the private fund's assets?
Custodian
                                                                                                                                                        Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 1 Record(s) Filed.



            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                INTERACTIVE BROKERS (UK) LIMITED


            (c) Primary business name of custodian:
                INTERACTIVE BROKERS (UK) LIMITED


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                 State:                      Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                   Yes No
            (e) Is the custodian a related person of your firm?


            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  -
                  CRD Number (if any):




            (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
                identifier (if any)




Administrator
                                                                                                                                                        Yes No
26. (a) Does the private fund use an administrator other than your firm?

        If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
        must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



            If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
            administrator, you must complete questions (b) through (f) separately for each administrator.


            (b) Name of administrator:
                  NAV CONSULTING INC.


            (c) Location of administrator (city, state and country):
                  City:                                                           State:                Country:
                  OAKBROOK TERRACE                                                Illinois              United States
                                                                                                                                                 Yes No
            (d) Is the administrator a related person of your firm?


            (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                      Yes (provided to all investors)   Some (provided to some but not all investors)    No (provided to no investors)



            (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                  investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."
27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
     100%
     Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
     relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
     allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                     Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                            No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         BLACK CHORDS MASTER FUND LP
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-8518613037




2.   Under the laws of what state or country is the private fund organized:
         State:                                        Country:
                                                       Cayman Islands


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     BLACK CHORDS MASTER FUND GP LIMITED



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     Cayman Islands - Cayman Islands Monetary Authority

                                                                                                                                                     Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
     Name of private fund                                                     Private fund identification number
     BLACK CHORDS FUND LIMITED                                                805-7782335156
     BLACK CHORDS FUND LP                                                     805-4611655050


                                                                                                                                                     Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)
     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:

     Additional Feeder Fund Information : 2 Record(s) Filed.



       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  BLACK CHORDS FUND LIMITED


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-7782335156




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                       Country:
                                                               Cayman Islands


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                  Name of General Partner, Manager, Trustee or Director
                  CHUKWUDE CHIDI-OFONG
                  NATHAN DAY
                  RICHARD SCOTT-HOPKINS



          (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                              No Information Filed


          (e)     The private fund (check all that apply; you must check at least one):
                     (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                  1940
                     (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                  1940


          (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                  Name of Country/English Name of Foreign Financial Regulatory Authority
                  Cayman Islands - Cayman Islands Monetary Authority




       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  BLACK CHORDS FUND LP


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-4611655050




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                                      Country:
                  Delaware                                                    United States


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                  Name of General Partner, Manager, Trustee or Director
                  BLACK CHORDS FUND GP I LIMITED
           (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                               No Information Filed


           (e)     The private fund (check all that apply; you must check at least one):
                      (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                   1940
                      (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                   1940


           (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                                                                               No Information Filed




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                               Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                               Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

          hedge fund     liquidity fund    private equity fund     real estate fund      securitized asset fund      venture capital fund      Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.


11. Current gross asset value of the private fund:
     $ 4,723,802


Ownership


12. Minimum investment commitment required of an investor in the private fund:
     $ 100,000
     NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
     organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
     9


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
     0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
     0%
                                                                                                                                                               Yes No
     (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
         Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
     83%


Your Advisory Services
                                                                                                                                                               Yes No
17. (a) Are you a subadviser to this private fund?
    (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
        question 17.(a) is "no," leave this question blank.
                                                                           No Information Filed

                                                                                                                                                   Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

    (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
        to question 18.(a) is "no," leave this question blank.
                                                                           No Information Filed

                                                                                                                                                   Yes No
19. Are your clients solicited to invest in the private fund?

    NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
    0%


Private Offering
                                                                                                                                                   Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                         No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                   Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

         (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

         If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
         you must complete questions (b) through (f) separately for each auditing firm.

           Additional Auditor Information : 1 Record(s) Filed.

            If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
            firm, you must complete questions (b) through (f) separately for each auditing firm.


            (b) Name of the auditing firm:
                  KPMG


            (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                  City:                                               State:                    Country:
                  GEORGE TOWN                                                                   Cayman Islands
                                                                                                                                                  Yes No
            (d) Is the auditing firm an independent public accountant?


            (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                  If yes, Public Company Accounting Oversight Board-Assigned Number:
                  1323


            (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                  accordance with its rules?



                                                                                                                                                   Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

             Yes      No     Report Not Yet Received

         If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.
Prime Broker
                                                                                                                                                        Yes No
24. (a) Does the private fund use one or more prime brokers?

        If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
        fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.

         Additional Prime Broker Information : 1 Record(s) Filed.



            If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
            private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


            (b) Name of the prime broker:
                UBS AG


            (c) If the prime broker is registered with the SEC, its registration number:
                  -
                  CRD Number (if any):




            (d) Location of prime broker's office used principally by the private fund (city, state and country):
                  City:                                State:                       Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                   Yes No
            (e) Does this prime broker act as custodian for some or all of the private fund's assets?




Custodian
                                                                                                                                                        Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 1 Record(s) Filed.



            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                UBS AG


            (c) Primary business name of custodian:
                USB AG


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                State:                       Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                   Yes No
            (e) Is the custodian a related person of your firm?


            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  -
                  CRD Number (if any):




            (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
                identifier (if any)




Administrator
                                                                                                                                                        Yes No
26. (a) Does the private fund use an administrator other than your firm?
         If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
         must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



            If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
            administrator, you must complete questions (b) through (f) separately for each administrator.


            (b) Name of administrator:
                  WAYSTONE ADMINISTRATION SOLUTIONS (IE) LTD


            (c) Location of administrator (city, state and country):
                  City:                                     State:                                Country:
                  DUBLIN                                                                          Ireland
                                                                                                                                                Yes No
            (d) Is the administrator a related person of your firm?


            (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                    Yes (provided to all investors)   Some (provided to some but not all investors)     No (provided to no investors)



            (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                  investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."




27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
     100%
     Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
     relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
     allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                      Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                           No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         BLUE RIBAND FUND LP
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-8277189240




2.   Under the laws of what state or country is the private fund organized:
         State:                                                        Country:
         Delaware                                                      United States


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     BLUE RIBAND GP LLC
     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                                                                         No Information Filed

                                                                                                                                                              Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
     Name of private fund                                                                  Private fund identification number
     BLUE RIBAND GROUP OFFSHORE FUND LTD                                                   805-8181726107


                                                                                                                                                              Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)




     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:

     Additional Feeder Fund Information : 1 Record(s) Filed.



       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  BLUE RIBAND GROUP OFFSHORE FUND LTD


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-8181726107




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                       Country:
                                                               Cayman Islands


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                   Name of General Partner, Manager, Trustee or Director
                   JAMES CHERVAK
                   LAURA MCGEEVER
                   MILES PERRYMAN



          (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                               No Information Filed


          (e)     The private fund (check all that apply; you must check at least one):
                     (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                  1940
                     (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                  1940
           (f)    List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                                                                             No Information Filed




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                       Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                       Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

          hedge fund    liquidity fund    private equity fund    real estate fund     securitized asset fund     venture capital fund      Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.


11. Current gross asset value of the private fund:
     $ 362,348,719


Ownership


12. Minimum investment commitment required of an investor in the private fund:
     $ 500,000
     NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
     organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
     67


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
     0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
     0%
                                                                                                                                                       Yes No
     (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
         Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
     37%


Your Advisory Services
                                                                                                                                                       Yes No
17. (a) Are you a subadviser to this private fund?

     (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
         question 17.(a) is "no," leave this question blank.
                                                                         No Information Filed

                                                                                                                                                       Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

     (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
         to question 18.(a) is "no," leave this question blank.
                                                                         No Information Filed

                                                                                                                                                       Yes No
19. Are your clients solicited to invest in the private fund?

    NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
    0%


Private Offering
                                                                                                                                                   Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                         No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                    Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

         (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

         If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
         you must complete questions (b) through (f) separately for each auditing firm.

           Additional Auditor Information : 1 Record(s) Filed.

            If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
            firm, you must complete questions (b) through (f) separately for each auditing firm.


            (b) Name of the auditing firm:
                  SPICER JEFFERIES LLP


            (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                  City:                             State:                                   Country:
                  DENVER                            Colorado                                 United States
                                                                                                                                                  Yes No
            (d) Is the auditing firm an independent public accountant?


            (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                  If yes, Public Company Accounting Oversight Board-Assigned Number:
                  1323


            (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                  accordance with its rules?



                                                                                                                                                    Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

             Yes      No     Report Not Yet Received

         If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                    Yes No
24. (a) Does the private fund use one or more prime brokers?

         If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
         fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.

           Additional Prime Broker Information : 2 Record(s) Filed.



            If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
            private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


            (b) Name of the prime broker:
                GOLDMAN SACHS & CO. LLC


            (c) If the prime broker is registered with the SEC, its registration number:
                  8 - 129
                  CRD Number (if any):
                  361


            (d) Location of prime broker's office used principally by the private fund (city, state and country):
                  City:                                    State:                                Country:
                  NEW YORK                                 New York                              United States
                                                                                                                                                  Yes No
            (e) Does this prime broker act as custodian for some or all of the private fund's assets?




            If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
            private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


            (b) Name of the prime broker:
                GOLDMAN SACHS INTERNATIONAL


            (c) If the prime broker is registered with the SEC, its registration number:
                  -
                  CRD Number (if any):




            (d) Location of prime broker's office used principally by the private fund (city, state and country):
                  City:                                State:                       Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                  Yes No
            (e) Does this prime broker act as custodian for some or all of the private fund's assets?




Custodian
                                                                                                                                                    Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 2 Record(s) Filed.



            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                GOLDMAN SACHS & CO. LLC


            (c) Primary business name of custodian:
                GOLDMAN SACHS & CO. LLC


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                    State:                                Country:
                  NEW YORK                                 New York                              United States
                                                                                                                                                  Yes No
            (e) Is the custodian a related person of your firm?


            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  8 - 129
                  CRD Number (if any):
                 361


           (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
               identifier (if any)




           If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
           fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


           (b) Legal name of custodian:
               GOLDMAN SACHS INTERNATIONAL


           (c) Primary business name of custodian:
               GOLDMAN SACHS INTERNATIONAL


           (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                 City:                                 State:                      Country:
                 LONDON                                                            United Kingdom
                                                                                                                                                  Yes No
           (e) Is the custodian a related person of your firm?


           (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                 -
                 CRD Number (if any):




           (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
               identifier (if any)




Administrator
                                                                                                                                                       Yes No
26. (a) Does the private fund use an administrator other than your firm?

        If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
        must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



           If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
           administrator, you must complete questions (b) through (f) separately for each administrator.


           (b) Name of administrator:
                 NAV CONSULTING


           (c) Location of administrator (city, state and country):
                 City:                                          State:                     Country:
                 OAKBROOK                                       Illinois                   United States
                                                                                                                                                Yes No
           (d) Is the administrator a related person of your firm?


           (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                     Yes (provided to all investors)   Some (provided to some but not all investors)    No (provided to no investors)



           (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                 investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."




27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
    100%
     Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
     relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
     allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                     Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                            No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         GENAVEST MASTER FUND LIMITED
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-1076735217




2.   Under the laws of what state or country is the private fund organized:
         State:                                        Country:
                                                       Cayman Islands


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     BRAD COWDROY
     LUAN EGAN
     NICOLAAS HANEKOM



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     Cayman Islands - Cayman Islands Monetary Authority

                                                                                                                                                     Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
     Name of private fund                                              Private fund identification number
     GENAVEST FUND LIMITED                                             805-5043274461


                                                                                                                                                     Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)
     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:

     Additional Feeder Fund Information : 1 Record(s) Filed.



       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  GENAVEST FUND LIMITED


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-5043274461




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                        Country:
                                                                Cayman Islands


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                  Name of General Partner, Manager, Trustee or Director
                   BRAD COWDROY
                   LUAN EGAN
                   NICOLAAS HANEKOM



          (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                              No Information Filed


          (e)     The private fund (check all that apply; you must check at least one):
                     (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                  1940
                     (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                  1940


          (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                  Name of Country/English Name of Foreign Financial Regulatory Authority
                   Cayman Islands - Cayman Islands Monetary Authority




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                              Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                              Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

        hedge fund      liquidity fund    private equity fund      real estate fund     securitized asset fund      venture capital fund      Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.
11. Current gross asset value of the private fund:
    $ 218,962,083


Ownership


12. Minimum investment commitment required of an investor in the private fund:
    $ 100,000
    NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
    organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
    6


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
    0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
    0%
                                                                                                                                                   Yes No
    (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
        Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
    100%


Your Advisory Services
                                                                                                                                                   Yes No
17. (a) Are you a subadviser to this private fund?

    (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
        question 17.(a) is "no," leave this question blank.
                                                                         No Information Filed

                                                                                                                                                   Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

    (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
        to question 18.(a) is "no," leave this question blank.
                                                                         No Information Filed

                                                                                                                                                   Yes No
19. Are your clients solicited to invest in the private fund?

    NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
    0%


Private Offering
                                                                                                                                                   Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                       No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                   Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

         (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

         If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
         you must complete questions (b) through (f) separately for each auditing firm.

           Additional Auditor Information : 1 Record(s) Filed.
            If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
            firm, you must complete questions (b) through (f) separately for each auditing firm.


            (b) Name of the auditing firm:
                  GRANT THORNTON


            (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                  City:                                               State:                   Country:
                  GEORGE TOWN                                                                  Cayman Islands
                                                                                                                                                  Yes No
            (d) Is the auditing firm an independent public accountant?


            (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                  If yes, Public Company Accounting Oversight Board-Assigned Number:
                  5346


            (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                  accordance with its rules?



                                                                                                                                                    Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

             Yes      No     Report Not Yet Received

        If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                    Yes No
24. (a) Does the private fund use one or more prime brokers?

        If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
        fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.

         Additional Prime Broker Information : 1 Record(s) Filed.



            If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
            private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


            (b) Name of the prime broker:
                MORGAN STANLEY & CO. INTERNATIONAL PLC


            (c) If the prime broker is registered with the SEC, its registration number:
                  -
                  CRD Number (if any):




            (d) Location of prime broker's office used principally by the private fund (city, state and country):
                  City:                                State:                       Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                  Yes No
            (e) Does this prime broker act as custodian for some or all of the private fund's assets?




Custodian
                                                                                                                                                    Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 1 Record(s) Filed.
           If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
           fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


           (b) Legal name of custodian:
               MORGAN STANLEY & CO. INTERNATIONAL PLC


           (c) Primary business name of custodian:
               MORGAN STANLEY & CO. INTERNATIONAL PLC


           (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                 City:                                 State:                      Country:
                 LONDON                                                            United Kingdom
                                                                                                                                                  Yes No
           (e) Is the custodian a related person of your firm?


           (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                 -
                 CRD Number (if any):




           (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
               identifier (if any)




Administrator
                                                                                                                                                       Yes No
26. (a) Does the private fund use an administrator other than your firm?

        If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
        must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



           If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
           administrator, you must complete questions (b) through (f) separately for each administrator.


           (b) Name of administrator:
                 WAYSTONE ADMINISTRATION SOLUTIONS (IE) LTD


           (c) Location of administrator (city, state and country):
                 City:                                       State:                              Country:
                 DUBLIN                                                                          Ireland
                                                                                                                                                Yes No
           (d) Is the administrator a related person of your firm?


           (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                     Yes (provided to all investors)   Some (provided to some but not all investors)    No (provided to no investors)



           (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                 investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."




27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
    100%
    Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
    relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
    allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                       Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                            No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         HARA GLOBAL CAPITAL MASTER FUND 1 LTD
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-4787563562




2.   Under the laws of what state or country is the private fund organized:
         State:                                        Country:
                                                       Cayman Islands


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     HARA GLOBAL CAPITAL GP LLC



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     Cayman Islands - Cayman Islands Monetary Authority

                                                                                                                                                      Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
     Name of private fund                                                                     Private fund identification number
     HARA GLOBAL CAPITAL FUND I LP                                                            805-7747817428
     HARA GLOBAL CAPITAL OFFSHORE FUND I LTD                                                  805-3543082818


                                                                                                                                                      Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)




     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:

     Additional Feeder Fund Information : 2 Record(s) Filed.
7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
   each of the feeder funds answer the following questions:
   (a)     Name of the private fund:
           HARA GLOBAL CAPITAL FUND I LP


   (b)     Private fund identification number:
           (include the "805-" prefix also)
           805-7747817428




   (c)     Under the laws of what state or country is the private fund organized:
           State:                                                      Country:
           Delaware                                                    United States


   (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
           Name of General Partner, Manager, Trustee or Director
           HARA GLOBAL CAPITAL GP LLC



   (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                       No Information Filed


   (e)     The private fund (check all that apply; you must check at least one):
              (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
           1940
              (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
           1940


   (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                                                                       No Information Filed




7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
   each of the feeder funds answer the following questions:
   (a)     Name of the private fund:
           HARA GLOBAL CAPITAL OFFSHORE FUND I LTD


   (b)     Private fund identification number:
           (include the "805-" prefix also)
           805-3543082818




   (c)     Under the laws of what state or country is the private fund organized:
           State:                                       Country:
                                                        Cayman Islands


   (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
           Name of General Partner, Manager, Trustee or Director
           DAVID SCHOFIELD
           RALPH WOODFORD
           ROHAN AGARWAL



   (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                       No Information Filed


   (e)     The private fund (check all that apply; you must check at least one):
              (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
           1940
              (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
           1940
           (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                   Name of Country/English Name of Foreign Financial Regulatory Authority
                   Cayman Islands - Cayman Islands Monetary Authority




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                        Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                        Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

          hedge fund     liquidity fund   private equity fund     real estate fund     securitized asset fund     venture capital fund      Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.


11. Current gross asset value of the private fund:
     $ 317,010,819


Ownership


12. Minimum investment commitment required of an investor in the private fund:
     $ 1,000,000
     NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
     organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
     35


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
     0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
     0%
                                                                                                                                                        Yes No
     (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
         Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
     0%


Your Advisory Services
                                                                                                                                                        Yes No
17. (a) Are you a subadviser to this private fund?

     (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
         question 17.(a) is "no," leave this question blank.
                                                                          No Information Filed

                                                                                                                                                        Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

     (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
         to question 18.(a) is "no," leave this question blank.
                                                                          No Information Filed
                                                                                                                                                   Yes No
19. Are your clients solicited to invest in the private fund?

    NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
    0%


Private Offering
                                                                                                                                                   Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                         No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                   Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

         (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

         If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
         you must complete questions (b) through (f) separately for each auditing firm.

           Additional Auditor Information : 1 Record(s) Filed.

            If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
            firm, you must complete questions (b) through (f) separately for each auditing firm.


            (b) Name of the auditing firm:
                  BDO CAYMAN LTD


            (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                  City:                                                State:                   Country:
                  GRAND CAYMAN                                                                  Cayman Islands
                                                                                                                                                  Yes No
            (d) Is the auditing firm an independent public accountant?


            (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                  If yes, Public Company Accounting Oversight Board-Assigned Number:
                  2162


            (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                  accordance with its rules?



                                                                                                                                                   Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

             Yes      No     Report Not Yet Received

         If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                   Yes No
24. (a) Does the private fund use one or more prime brokers?

         If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
         fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.



                                                                           No Information Filed
Custodian
                                                                                                                                                        Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 1 Record(s) Filed.



            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                HDFC BANK LIMITED


            (c) Primary business name of custodian:
                HDFC BANK LIMITED


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                         State:                                 Country:
                  MUMBAI                                                                               India
                                                                                                                                                   Yes No
            (e) Is the custodian a related person of your firm?


            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  -
                  CRD Number (if any):




            (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
                identifier (if any)




Administrator
                                                                                                                                                        Yes No
26. (a) Does the private fund use an administrator other than your firm?

        If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
        must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



            If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
            administrator, you must complete questions (b) through (f) separately for each administrator.


            (b) Name of administrator:
                  MORGANS STANLEY FUND SERVICES (CAYMAN) LTD


            (c) Location of administrator (city, state and country):
                  City:                                               State:                 Country:
                  GEORGE TOWN                                                                Cayman Islands
                                                                                                                                                 Yes No
            (d) Is the administrator a related person of your firm?


            (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                      Yes (provided to all investors)   Some (provided to some but not all investors)      No (provided to no investors)



            (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                  investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."
27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
     100%
     Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
     relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
     allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                     Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                            No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         KANOU ENERGY TRANSITION MASTER LIMITED
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-3024573803




2.   Under the laws of what state or country is the private fund organized:
         State:                                        Country:
                                                       Cayman Islands


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     CHARLES THOMAS
     MANISH BOYAT
     NATHAN DAY



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     Cayman Islands - Cayman Islands Monetary Authority

                                                                                                                                                     Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
     Name of private fund                                                                  Private fund identification number
     KANOU ENERGY TRANSITION FUND LIMITED                                                   805-2179601102


                                                                                                                                                     Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)




     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:

     Additional Feeder Fund Information : 1 Record(s) Filed.



       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  KANOU ENERGY TRANSITION FUND LIMITED


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-2179601102




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                          Country:
                                                                  Cayman Islands


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                  Name of General Partner, Manager, Trustee or Director
                   CHARLES THOMAS
                   MANISH BOYAT
                   NATHAN DAY



          (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                               No Information Filed


          (e)     The private fund (check all that apply; you must check at least one):
                     (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                  1940
                     (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                  1940


          (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                                                                              No Information Filed




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                              Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                              Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

        hedge fund      liquidity fund      private equity fund     real estate fund    securitized asset fund      venture capital fund      Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.
11. Current gross asset value of the private fund:
    $0


Ownership


12. Minimum investment commitment required of an investor in the private fund:
    $ 100,000
    NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
    organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
    0


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
    0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
    0%
                                                                                                                                                   Yes No
    (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
        Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
    0%


Your Advisory Services
                                                                                                                                                   Yes No
17. (a) Are you a subadviser to this private fund?

    (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
        question 17.(a) is "no," leave this question blank.
                                                                         No Information Filed

                                                                                                                                                   Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

    (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
        to question 18.(a) is "no," leave this question blank.
                                                                         No Information Filed

                                                                                                                                                   Yes No
19. Are your clients solicited to invest in the private fund?

    NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
    0%


Private Offering
                                                                                                                                                   Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                       No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                   Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

         (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

         If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
         you must complete questions (b) through (f) separately for each auditing firm.
        Additional Auditor Information : 1 Record(s) Filed.

          If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
          firm, you must complete questions (b) through (f) separately for each auditing firm.


          (b) Name of the auditing firm:
                BAKER TILLY (CAYMAN) LTD


          (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                City:                                                State:                  Country:
                GRAND CAYMAN                                                                 Cayman Islands
                                                                                                                                                Yes No
          (d) Is the auditing firm an independent public accountant?


          (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                If yes, Public Company Accounting Oversight Board-Assigned Number:
                5881


          (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                accordance with its rules?



                                                                                                                                                  Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

           Yes      No     Report Not Yet Received

        If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                  Yes No
24. (a) Does the private fund use one or more prime brokers?

        If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
        fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.

        Additional Prime Broker Information : 2 Record(s) Filed.



          If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
          private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


          (b) Name of the prime broker:
              GOLDMAN SACHS INTERNATIONAL


          (c) If the prime broker is registered with the SEC, its registration number:
                -
                CRD Number (if any):




          (d) Location of prime broker's office used principally by the private fund (city, state and country):
                City:                                State:                       Country:
                LONDON                                                            United Kingdom
                                                                                                                                                Yes No
          (e) Does this prime broker act as custodian for some or all of the private fund's assets?




          If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
          private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


          (b) Name of the prime broker:
              MORGAN STANLEY & CO. INTERNATIONAL PLC
            (c) If the prime broker is registered with the SEC, its registration number:
                  -
                  CRD Number (if any):




            (d) Location of prime broker's office used principally by the private fund (city, state and country):
                  City:                                State:                       Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                   Yes No
            (e) Does this prime broker act as custodian for some or all of the private fund's assets?




Custodian
                                                                                                                                                        Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 2 Record(s) Filed.



            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                GOLDMAN SACHS INTERNATIONAL


            (c) Primary business name of custodian:
                GOLDMAN SACHS INTERNATIONAL


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                State:                       Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                   Yes No
            (e) Is the custodian a related person of your firm?


            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  -
                  CRD Number (if any):




            (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
                identifier (if any)




            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                MORGAN STANLEY & CO. INTERNATIONAL PLC


            (c) Primary business name of custodian:
                MORGAN STANLEY & CO. INTERNATIONAL PLC


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                State:                       Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                   Yes No
            (e) Is the custodian a related person of your firm?


            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  -
                  CRD Number (if any):




            (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
                identifier (if any)




Administrator
                                                                                                                                                        Yes No
26. (a) Does the private fund use an administrator other than your firm?

         If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
         must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



            If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
            administrator, you must complete questions (b) through (f) separately for each administrator.


            (b) Name of administrator:
                  NAV CONSULTING INC.


            (c) Location of administrator (city, state and country):
                  City:                                                         State:                Country:
                  OAKBROOK TERRACE                                              Illinois              United States
                                                                                                                                                 Yes No
            (d) Is the administrator a related person of your firm?


            (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                    Yes (provided to all investors)   Some (provided to some but not all investors)    No (provided to no investors)



            (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                  investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."




27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
     100%
     Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
     relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
     allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                        Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                          No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         NEW WAVE MASTER FUND LIMITED
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-6885145198
2.   Under the laws of what state or country is the private fund organized:
         State:                                         Country:
                                                        Cayman Islands


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     CHARLES BUTLER
     NATHAN DAY
     ROBERT THOMAS



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     Cayman Islands - Cayman Islands Monetary Authority

                                                                                                                                                      Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
     Name of private fund                                                Private fund identification number
     NEW WAVE FUND LIMITED                                               805-6957225446


                                                                                                                                                      Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)




     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:

     Additional Feeder Fund Information : 1 Record(s) Filed.



       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  NEW WAVE FUND LIMITED


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-6957225446




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                       Country:
                                                               Cayman Islands


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                   Name of General Partner, Manager, Trustee or Director
                    CHARLES BUTLER
                    NATHAN DAY
                    ROBERT THOMAS



           (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                               No Information Filed


           (e)     The private fund (check all that apply; you must check at least one):
                      (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                   1940
                      (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                   1940


           (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                   Name of Country/English Name of Foreign Financial Regulatory Authority
                    Cayman Islands - Cayman Islands Monetary Authority




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                               Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                               Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

          hedge fund     liquidity fund    private equity fund     real estate fund      securitized asset fund      venture capital fund      Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.


11. Current gross asset value of the private fund:
     $ 47,483,860


Ownership


12. Minimum investment commitment required of an investor in the private fund:
     $ 100,000
     NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
     organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
     15


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
     0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
     0%
                                                                                                                                                               Yes No
     (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
         Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
     100%
Your Advisory Services
                                                                                                                                                   Yes No
17. (a) Are you a subadviser to this private fund?

    (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
        question 17.(a) is "no," leave this question blank.
                                                                           No Information Filed

                                                                                                                                                   Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

    (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
        to question 18.(a) is "no," leave this question blank.
                                                                           No Information Filed

                                                                                                                                                   Yes No
19. Are your clients solicited to invest in the private fund?

    NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
    0%


Private Offering
                                                                                                                                                   Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                         No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                   Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

         (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

         If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
         you must complete questions (b) through (f) separately for each auditing firm.

           Additional Auditor Information : 1 Record(s) Filed.

            If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
            firm, you must complete questions (b) through (f) separately for each auditing firm.


            (b) Name of the auditing firm:
                  GRANT THORNTON


            (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                  City:                                               State:                    Country:
                  GEORGE TOWN                                                                   Cayman Islands
                                                                                                                                                  Yes No
            (d) Is the auditing firm an independent public accountant?


            (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                  If yes, Public Company Accounting Oversight Board-Assigned Number:
                  5346


            (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                  accordance with its rules?



                                                                                                                                                   Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?
    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

             Yes     No     Report Not Yet Received

        If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                    Yes No
24. (a) Does the private fund use one or more prime brokers?

        If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
        fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.

         Additional Prime Broker Information : 2 Record(s) Filed.



            If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
            private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


            (b) Name of the prime broker:
                GOLDMAN SACHS INTERNATIONAL


            (c) If the prime broker is registered with the SEC, its registration number:
                -
                CRD Number (if any):




            (d) Location of prime broker's office used principally by the private fund (city, state and country):
                City:                                 State:                       Country:
                LONDON                                                             United Kingdom
                                                                                                                                                  Yes No
            (e) Does this prime broker act as custodian for some or all of the private fund's assets?




            If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
            private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


            (b) Name of the prime broker:
                IG MARKETS LTD


            (c) If the prime broker is registered with the SEC, its registration number:
                -
                CRD Number (if any):




            (d) Location of prime broker's office used principally by the private fund (city, state and country):
                City:                                 State:                       Country:
                LONDON                                                             United Kingdom
                                                                                                                                                  Yes No
            (e) Does this prime broker act as custodian for some or all of the private fund's assets?




Custodian
                                                                                                                                                    Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 2 Record(s) Filed.



            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                GOLDMAN SACHS INTERNATIONAL


          (c) Primary business name of custodian:
              GOLDMAN SACHS INTERNATIONAL


          (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                City:                                State:                       Country:
                LONDON                                                            United Kingdom
                                                                                                                                                 Yes No
          (e) Is the custodian a related person of your firm?


          (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                -
                CRD Number (if any):




          (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
              identifier (if any)




          If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
          fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


          (b) Legal name of custodian:
              IG MARKETS LTD


          (c) Primary business name of custodian:
              IG MARKETS LTD


          (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                City:                                State:                       Country:
                LONDON                                                            United Kingdom
                                                                                                                                                 Yes No
          (e) Is the custodian a related person of your firm?


          (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                -
                CRD Number (if any):




          (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
              identifier (if any)




Administrator
                                                                                                                                                      Yes No
26. (a) Does the private fund use an administrator other than your firm?

        If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
        must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



          If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
          administrator, you must complete questions (b) through (f) separately for each administrator.


          (b) Name of administrator:
                WAYSTONE ADMINISTRATION SOLUTIONS (IE) LTD


          (c) Location of administrator (city, state and country):
                City:                                      State:                               Country:
                DUBLIN                                                                          Ireland
                                                                                                                                                     Yes No
            (d) Is the administrator a related person of your firm?


            (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                    Yes (provided to all investors)   Some (provided to some but not all investors)        No (provided to no investors)



            (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                  investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."




27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
     100%
     Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
     relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
     allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                       Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                            No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         QUANTUM QB MASTER FUND LIMITED
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-7104441449




2.   Under the laws of what state or country is the private fund organized:
         State:                                        Country:
                                                       Cayman Islands


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     ANDREW FRASER
     GRANT JACKSON
     STACEY KIRKCONNELL



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     Cayman Islands - Cayman Islands Monetary Authority

                                                                                                                                                       Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?
     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
     Name of private fund                                                  Private fund identification number
     QUANTUM QB FUND LIMITED                                               805-6429000789


                                                                                                                                                              Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)




     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:

     Additional Feeder Fund Information : 1 Record(s) Filed.



       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  QUANTUM QB FUND LIMITED


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-6429000789




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                       Country:
                                                               Cayman Islands


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                  Name of General Partner, Manager, Trustee or Director
                   ANDREW FRASER
                   GRANT JACKSON
                   STACEY KIRKCONNELL



          (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                              No Information Filed


          (e)     The private fund (check all that apply; you must check at least one):
                     (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                  1940
                     (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                  1940


          (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                                                                              No Information Filed




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                              Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                    Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

          hedge fund    liquidity fund    private equity fund     real estate fund     securitized asset fund   venture capital fund   Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.


11. Current gross asset value of the private fund:
     $ 16,432,612


Ownership


12. Minimum investment commitment required of an investor in the private fund:
     $ 100,000
     NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
     organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
     4


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
     0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
     29%
                                                                                                                                                    Yes No
     (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
         Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
     71%


Your Advisory Services
                                                                                                                                                    Yes No
17. (a) Are you a subadviser to this private fund?

     (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
         question 17.(a) is "no," leave this question blank.
                                                                          No Information Filed

                                                                                                                                                    Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

     (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
         to question 18.(a) is "no," leave this question blank.
                                                                          No Information Filed

                                                                                                                                                    Yes No
19. Are your clients solicited to invest in the private fund?

     NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
     0%


Private Offering
                                                                                                                                                    Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                        No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                    Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

        (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

        If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
        you must complete questions (b) through (f) separately for each auditing firm.



                                                                           No Information Filed



                                                                                                                                                    Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

             Yes     No     Report Not Yet Received

        If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                    Yes No
24. (a) Does the private fund use one or more prime brokers?

        If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
        fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.

           Additional Prime Broker Information : 2 Record(s) Filed.



            If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
            private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


            (b) Name of the prime broker:
                GOLDMAN SACHS INTERNATIONAL


            (c) If the prime broker is registered with the SEC, its registration number:
                -
                CRD Number (if any):




            (d) Location of prime broker's office used principally by the private fund (city, state and country):
                City:                                 State:                       Country:
                LONDON                                                             United Kingdom
                                                                                                                                                 Yes No
            (e) Does this prime broker act as custodian for some or all of the private fund's assets?




            If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
            private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


            (b) Name of the prime broker:
                MORGAN STANLEY & CO. INTERNATIONAL PLC


            (c) If the prime broker is registered with the SEC, its registration number:
                -
                CRD Number (if any):




            (d) Location of prime broker's office used principally by the private fund (city, state and country):
                City:                                 State:                       Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                   Yes No
            (e) Does this prime broker act as custodian for some or all of the private fund's assets?




Custodian
                                                                                                                                                        Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 2 Record(s) Filed.



            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                GOLDMAN SACHS INTERNATIONAL


            (c) Primary business name of custodian:
                GOLDMAN SACHS INTERNATIONAL


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                State:                       Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                   Yes No
            (e) Is the custodian a related person of your firm?


            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  -
                  CRD Number (if any):




            (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
                identifier (if any)




            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                MORGAN STANLEY & CO. INTERNATIONAL PLC


            (c) Primary business name of custodian:
                MORGAN STANLEY & CO. INTERNATIONAL PLC


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                State:                       Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                   Yes No
            (e) Is the custodian a related person of your firm?


            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  -
                  CRD Number (if any):




            (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
                identifier (if any)
Administrator
                                                                                                                                                      Yes No
26. (a) Does the private fund use an administrator other than your firm?

         If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
         must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



            If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
            administrator, you must complete questions (b) through (f) separately for each administrator.


            (b) Name of administrator:
                  MORGANS STANLEY FUND SERVICES (CAYMAN) LTD


            (c) Location of administrator (city, state and country):
                  City:                                               State:               Country:
                  GEORGE TOWN                                                              Cayman Islands
                                                                                                                                                Yes No
            (d) Is the administrator a related person of your firm?


            (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                    Yes (provided to all investors)   Some (provided to some but not all investors)    No (provided to no investors)



            (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                  investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."




27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
     100%
     Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
     relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
     allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                      Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                           No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         SARDA ALTERNATIVES ICAV
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-3347121191




2.   Under the laws of what state or country is the private fund organized:
         State:                                                         Country:
                                                                        Ireland


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     CATHERINE LANE
     KARAN SARDA
     MATTHEW WILLIAMSON



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     Ireland - Central Bank of Ireland

                                                                                                                                                              Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
     Name of private fund                                                                Private fund identification number
     SARDA INDIA MULTIALPHA FUND                                                         805-7812358219
     SARDA INDIA MULTIALPHA MASTER FUND                                                  805-1130279798


                                                                                                                                                              Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)




     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:

     Additional Feeder Fund Information : 2 Record(s) Filed.



       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  SARDA INDIA MULTIALPHA FUND


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-7812358219




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                                        Country:
                                                                                Ireland


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                   Name of General Partner, Manager, Trustee or Director
                   CATHERINE LANE
                   KARAN SARDA
                   MATTHEW WILLIAMSON



          (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                               No Information Filed
          (e)     The private fund (check all that apply; you must check at least one):
                     (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                  1940
                     (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                  1940


          (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                  Name of Country/English Name of Foreign Financial Regulatory Authority
                   Ireland - Central Bank of Ireland




       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  SARDA INDIA MULTIALPHA MASTER FUND


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-1130279798




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                                       Country:
                                                                               Ireland


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                  Name of General Partner, Manager, Trustee or Director
                   CATHERINE LANE
                   KARAN SARDA
                   MATTHEW WILLIAMSON



          (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                              No Information Filed


          (e)     The private fund (check all that apply; you must check at least one):
                     (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                  1940
                     (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                  1940


          (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                  Name of Country/English Name of Foreign Financial Regulatory Authority
                   Ireland - Central Bank of Ireland




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                              Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                              Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?
10. What type of fund is the private fund?

         hedge fund     liquidity fund    private equity fund    real estate fund     securitized asset fund   venture capital fund   Other private fund:


    NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.


11. Current gross asset value of the private fund:
    $ 92,923,009


Ownership


12. Minimum investment commitment required of an investor in the private fund:
    $ 100,000
    NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
    organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
    2


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
    0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
    0%
                                                                                                                                                   Yes No
    (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
        Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
    100%


Your Advisory Services
                                                                                                                                                   Yes No
17. (a) Are you a subadviser to this private fund?

    (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
        question 17.(a) is "no," leave this question blank.
                                                                         No Information Filed

                                                                                                                                                   Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

    (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
        to question 18.(a) is "no," leave this question blank.
                                                                         No Information Filed

                                                                                                                                                   Yes No
19. Are your clients solicited to invest in the private fund?

    NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
    0%


Private Offering
                                                                                                                                                   Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                       No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                   Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

        (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

        If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
        you must complete questions (b) through (f) separately for each auditing firm.

         Additional Auditor Information : 1 Record(s) Filed.

            If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
            firm, you must complete questions (b) through (f) separately for each auditing firm.


            (b) Name of the auditing firm:
                  GRANT THORNTON


            (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                  City:                                      State:                                 Country:
                  DUBLIN                                                                            Ireland
                                                                                                                                                  Yes No
            (d) Is the auditing firm an independent public accountant?


            (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                  If yes, Public Company Accounting Oversight Board-Assigned Number:
                  1402


            (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                  accordance with its rules?



                                                                                                                                                    Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

             Yes      No     Report Not Yet Received

        If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                    Yes No
24. (a) Does the private fund use one or more prime brokers?

        If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
        fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.

         Additional Prime Broker Information : 1 Record(s) Filed.



            If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the
            private fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.


            (b) Name of the prime broker:
                GOLDMAN SACHS & CO. LLC


            (c) If the prime broker is registered with the SEC, its registration number:
                  8 - 129
                  CRD Number (if any):
                  361


            (d) Location of prime broker's office used principally by the private fund (city, state and country):
                  City:                                    State:                                Country:
                  NEW YORK                                 New York                              United States
                                                                                                                                                  Yes No
            (e) Does this prime broker act as custodian for some or all of the private fund's assets?




Custodian
                                                                                                                                                       Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 1 Record(s) Filed.



           If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
           fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


           (b) Legal name of custodian:
               BROWN BROTHERS HARRIMAN TRUSTEE SERVICES (IRELAND) LIMITED


           (c) Primary business name of custodian:
               BROWN BROTHERS HARRIMAN TRUSTEE SERVICES (IRELAND) LIMITED


           (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                 City:                                       State:                               Country:
                 DUBLIN                                                                           Ireland
                                                                                                                                                  Yes No
           (e) Is the custodian a related person of your firm?


           (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                 -
                 CRD Number (if any):




           (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
               identifier (if any)




Administrator
                                                                                                                                                       Yes No
26. (a) Does the private fund use an administrator other than your firm?

        If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
        must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



           If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
           administrator, you must complete questions (b) through (f) separately for each administrator.


           (b) Name of administrator:
                 BROWN BROTHERS HARRIMAN FUND ADMINISTRATION SERVICES (IRELAND) LIMITED


           (c) Location of administrator (city, state and country):
                 City:                                       State:                              Country:
                 DUBLIN                                                                          Ireland
                                                                                                                                                Yes No
           (d) Is the administrator a related person of your firm?


           (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                     Yes (provided to all investors)   Some (provided to some but not all investors)    No (provided to no investors)



           (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                 investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."




27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
    100%
     Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
     relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
     allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                     Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                            No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         SIBNER REAL ESTATE DEBT (UK) LP
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-4451994753




2.   Under the laws of what state or country is the private fund organized:
         State:                                         Country:
                                                        United Kingdom


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     SIBNER INVESTMENT MANAGEMENT GP LTD



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     United Kingdom - Financial Conduct Authority

                                                                                                                                                     Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
                                                                         No Information Filed


                                                                                                                                                     Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)




     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.
7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:



                                                                       No Information Filed




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                      Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                      Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

          hedge fund    liquidity fund    private equity fund    real estate fund    securitized asset fund     venture capital fund     Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.


11. Current gross asset value of the private fund:
     $ 23,111,197


Ownership


12. Minimum investment commitment required of an investor in the private fund:
     $ 100,000
     NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
     organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
     5


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
     0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
     0%
                                                                                                                                                      Yes No
     (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
         Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
     0%


Your Advisory Services
                                                                                                                                                      Yes No
17. (a) Are you a subadviser to this private fund?

     (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
         question 17.(a) is "no," leave this question blank.
                                                                         No Information Filed

                                                                                                                                                      Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

     (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
         to question 18.(a) is "no," leave this question blank.
                                                                         No Information Filed
                                                                                                                                                   Yes No
19. Are your clients solicited to invest in the private fund?

    NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
    0%


Private Offering
                                                                                                                                                   Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                         No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                   Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

         (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

         If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
         you must complete questions (b) through (f) separately for each auditing firm.

           Additional Auditor Information : 1 Record(s) Filed.

            If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
            firm, you must complete questions (b) through (f) separately for each auditing firm.


            (b) Name of the auditing firm:
                  SAFFERY CHAMPNESS LLP


            (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                  City:                                State:                       Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                  Yes No
            (d) Is the auditing firm an independent public accountant?


            (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                  If yes, Public Company Accounting Oversight Board-Assigned Number:
                  1746


            (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                  accordance with its rules?



                                                                                                                                                   Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

             Yes      No     Report Not Yet Received

         If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                   Yes No
24. (a) Does the private fund use one or more prime brokers?

         If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
         fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.



                                                                           No Information Filed
Custodian
                                                                                                                                                        Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 1 Record(s) Filed.



            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                BARCLAYS BANK


            (c) Primary business name of custodian:
                BARCLAYS BANK


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                 State:                      Country:
                  LONDON                                                            United Kingdom
                                                                                                                                                   Yes No
            (e) Is the custodian a related person of your firm?


            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  -
                  CRD Number (if any):




            (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
                identifier (if any)




Administrator
                                                                                                                                                        Yes No
26. (a) Does the private fund use an administrator other than your firm?

        If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
        must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



            If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
            administrator, you must complete questions (b) through (f) separately for each administrator.


            (b) Name of administrator:
                  VISTRA (UK) LTD


            (c) Location of administrator (city, state and country):
                  City:                                 State:                     Country:
                  LONDON                                                           United Kingdom
                                                                                                                                                 Yes No
            (d) Is the administrator a related person of your firm?


            (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                      Yes (provided to all investors)   Some (provided to some but not all investors)    No (provided to no investors)



            (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                  investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."
27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
     100%
     Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
     relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
     allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                     Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                            No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         SILVERSTRIPE I LP
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-7517632358




2.   Under the laws of what state or country is the private fund organized:
         State:                                        Country:
                                                       Cayman Islands


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     SILVERSTRIPE GENERAL PARTNER LIMITED



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     Cayman Islands - Cayman Islands Monetary Authority

                                                                                                                                                     Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
                                                                         No Information Filed


                                                                                                                                                     Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)
     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:



                                                                       No Information Filed




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                      Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                      Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

          hedge fund    liquidity fund    private equity fund    real estate fund    securitized asset fund     venture capital fund     Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.


11. Current gross asset value of the private fund:
     $ 97,400,051


Ownership


12. Minimum investment commitment required of an investor in the private fund:
     $ 100,000
     NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
     organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
     3


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
     0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
     0%
                                                                                                                                                      Yes No
     (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
         Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
     6%


Your Advisory Services
                                                                                                                                                      Yes No
17. (a) Are you a subadviser to this private fund?

     (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
         question 17.(a) is "no," leave this question blank.
                                                                         No Information Filed

                                                                                                                                                      Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?
    (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
        to question 18.(a) is "no," leave this question blank.
                                                                           No Information Filed

                                                                                                                                                   Yes No
19. Are your clients solicited to invest in the private fund?

    NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
    0%


Private Offering
                                                                                                                                                   Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                         No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                   Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

         (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

         If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
         you must complete questions (b) through (f) separately for each auditing firm.


           Additional Auditor Information : 1 Record(s) Filed.

            If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
            firm, you must complete questions (b) through (f) separately for each auditing firm.


            (b) Name of the auditing firm:
                  GRANT THORNTON


            (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                  City:                                               State:                    Country:
                  GEORGE TOWN                                                                   Cayman Islands
                                                                                                                                                  Yes No
            (d) Is the auditing firm an independent public accountant?


            (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                  If yes, Public Company Accounting Oversight Board-Assigned Number:
                  5346


            (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                  accordance with its rules?



                                                                                                                                                   Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

             Yes      No     Report Not Yet Received

         If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                   Yes No
24. (a) Does the private fund use one or more prime brokers?

         If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
         fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.
                                                                           No Information Filed




Custodian
                                                                                                                                                        Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 1 Record(s) Filed.



            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                WAYSTONE CENTRALISED SERVICES (IE) LIMITED


            (c) Primary business name of custodian:
                WAYSTONE CENTRALISED SERVICES (IE) LIMITED


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                       State:                               Country:
                  DUBLIN                                                                           Ireland
                                                                                                                                                   Yes No
            (e) Is the custodian a related person of your firm?


            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  -
                  CRD Number (if any):




            (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
                identifier (if any)




Administrator
                                                                                                                                                        Yes No
26. (a) Does the private fund use an administrator other than your firm?

        If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
        must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



            If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
            administrator, you must complete questions (b) through (f) separately for each administrator.


            (b) Name of administrator:
                  WAYSTONE CENTRALISED SERVICES (IE) LIMITED


            (c) Location of administrator (city, state and country):
                  City:                                       State:                              Country:
                  DUBLIN                                                                          Ireland
                                                                                                                                                 Yes No
            (d) Is the administrator a related person of your firm?


            (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                      Yes (provided to all investors)   Some (provided to some but not all investors)    No (provided to no investors)



            (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                  investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."




27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
     100%
     Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
     relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
     allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                     Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                            No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         TRIMONTIUM CAPITAL SOLUTIONS MASTER FUND SCA SICAV-RAIF
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-6164087267




2.   Under the laws of what state or country is the private fund organized:
         State:                                                Country:
                                                               Luxembourg


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     TRIMONTIUM CAPITAL SOLUTIONS GP S.À R.L.



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     Luxembourg, Grand Duchy of - Commission to Surveillance of the Finance Sector

                                                                                                                                                     Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
     Name of private fund                                                                                  Private fund identification number
     TRIMONTIUM CAPITAL SOLUTIONS FEEDER FUND SCA SICAV-RAIF                                               805-4979607771


                                                                                                                                                     Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:
         Private fund identification number:
         (include the "805-" prefix also)




     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:

     Additional Feeder Fund Information : 1 Record(s) Filed.



       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  TRIMONTIUM CAPITAL SOLUTIONS FEEDER FUND SCA SICAV-RAIF


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-4979607771




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                              Country:
                                                                      Luxembourg


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                  Name of General Partner, Manager, Trustee or Director
                   TRIMONTIUM CAPITAL SOLUTIONS GP S.À R.L.



          (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                              No Information Filed


          (e)     The private fund (check all that apply; you must check at least one):
                     (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                  1940
                     (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                  1940


          (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                  Name of Country/English Name of Foreign Financial Regulatory Authority
                   Luxembourg, Grand Duchy of - Commission to Surveillance of the Finance Sector




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                              Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                              Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

        hedge fund      liquidity fund    private equity fund     real estate fund      securitized asset fund      venture capital fund      Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.
11. Current gross asset value of the private fund:
    $ 182,327,239


Ownership


12. Minimum investment commitment required of an investor in the private fund:
    $ 1,000,000
    NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
    organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
    12


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
    0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
    0%
                                                                                                                                                   Yes No
    (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
        Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
    99%


Your Advisory Services
                                                                                                                                                   Yes No
17. (a) Are you a subadviser to this private fund?

    (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
        question 17.(a) is "no," leave this question blank.
                                                                         No Information Filed

                                                                                                                                                   Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

    (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
        to question 18.(a) is "no," leave this question blank.
                                                                         No Information Filed

                                                                                                                                                   Yes No
19. Are your clients solicited to invest in the private fund?

    NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
    0%


Private Offering
                                                                                                                                                   Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                       No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                   Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

         (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

         If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
         you must complete questions (b) through (f) separately for each auditing firm.
         Additional Auditor Information : 1 Record(s) Filed.

            If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
            firm, you must complete questions (b) through (f) separately for each auditing firm.


            (b) Name of the auditing firm:
                  PRICEWATERHOUSECOOPERS, SOCIÉTÉ COOPÉRATIVE


            (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                  City:                                                  State:                     Country:
                  LUXEMBOURG                                                                        Luxembourg
                                                                                                                                                  Yes No
            (d) Is the auditing firm an independent public accountant?


            (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                  If yes, Public Company Accounting Oversight Board-Assigned Number:
                  1328


            (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                  accordance with its rules?



                                                                                                                                                    Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?

             Yes      No     Report Not Yet Received

        If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                    Yes No
24. (a) Does the private fund use one or more prime brokers?

        If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
        fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.



                                                                            No Information Filed




Custodian
                                                                                                                                                    Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 1 Record(s) Filed.



            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                QUINTET PRIVATE BANK (EUROPE) S.A.


            (c) Primary business name of custodian:
                QUINTET PRIVATE BANK (EUROPE) S.A.


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                                  State:                     Country:
                  LUXEMBOURG                                                                        Luxembourg
                                                                                                                                                  Yes No
            (e) Is the custodian a related person of your firm?
            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  -
                  CRD Number (if any):




            (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
                identifier (if any)




Administrator
                                                                                                                                                        Yes No
26. (a) Does the private fund use an administrator other than your firm?

         If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
         must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



            If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
            administrator, you must complete questions (b) through (f) separately for each administrator.


            (b) Name of administrator:
                  HEDGESERV (LUXEMBOURG) S.À R.L.


            (c) Location of administrator (city, state and country):
                  City:                                                 State:                    Country:
                  LUXEMBOURG                                                                      Luxembourg
                                                                                                                                                 Yes No
            (d) Is the administrator a related person of your firm?


            (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                      Yes (provided to all investors)   Some (provided to some but not all investors)   No (provided to no investors)



            (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                  investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."




27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
    your related person?
     100%
     Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
     relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
     allocations) was the valuation determined by such person.


Marketers
                                                                                                                                                        Yes No
28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

         You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
         similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
         uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                           No Information Filed




A. PRIVATE FUND


Information About the Private Fund


1.   (a) Name of the private fund:
         WEST 4 CAPITAL LP
     (b) Private fund identification number:
         (include the "805-" prefix also)
         805-6217808137




2.   Under the laws of what state or country is the private fund organized:
         State:                                         Country:
                                                        Cayman Islands


3.   (a) Name(s) of General Partner, Manager, Trustee, or Directors (or persons serving in a similar capacity):
     Name of General Partner, Manager, Trustee, or Director
     GRANITE SAPPHIRE MANAGEMENT LIMITED



     (b) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund.
                                                                         No Information Filed



4.   The private fund (check all that apply; you must check at least one):
         (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of 1940
         (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of 1940


5.   List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
     Name of Country/English Name of Foreign Financial Regulatory Authority
     Cayman Islands - Cayman Islands Monetary Authority

                                                                                                                                                      Yes No
6.   (a) Is this a "master fund" in a master-feeder arrangement?

     (b) If yes, what is the name and private fund identification number (if any) of the feeder funds investing in this private fund?
     Name of private fund                                                      Private fund identification number
     WEST 4 CAPITAL FUND LIMITED                                               805-7303637657


                                                                                                                                                      Yes No
     (c) Is this a "feeder fund" in a master-feeder arrangement?

     (d) If yes, what is the name and private fund identification number (if any) of the master fund in which this private fund invests?
         Name of private fund:


         Private fund identification number:
         (include the "805-" prefix also)




     NOTE: You must complete question 6 for each master-feeder arrangement regardless of whether you are filing a single Schedule D, Section 7.B.(1)
     for the master-feeder arrangement or reporting on the funds separately.


7.   If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for each of
     the feeder funds answer the following questions:

     Additional Feeder Fund Information : 1 Record(s) Filed.



       7. If you are filing a single Schedule D, Section 7.B.(1) for a master-feeder arrangement according to the instructions to this Section 7.B.(1), for
          each of the feeder funds answer the following questions:
          (a)     Name of the private fund:
                  WEST 4 CAPITAL FUND LIMITED


          (b)     Private fund identification number:
                  (include the "805-" prefix also)
                  805-7303637657




          (c)     Under the laws of what state or country is the private fund organized:
                  State:                                       Country:
                                                               Cayman Islands


          (d) (1) Name(s) of General Partner, Manager, Trustee or Directors (or persons serving in a similar capacity):
                   Name of General Partner, Manager, Trustee or Director
                    GRANITE SAPPHIRE MANAGEMENT LIMITED



           (d) (2) If filing an umbrella registration, identify the filing adviser and/or relying adviser(s) that sponsor(s) or manage(s) this private fund:
                                                                               No Information Filed


           (e)     The private fund (check all that apply; you must check at least one):
                      (1) qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment Company Act of
                   1940
                      (2) qualifies for the exclusion from the definition of investment company under section 3(c)(7) of the Investment Company Act of
                   1940


           (f)     List the name and country, in English, of each foreign financial regulatory authority with which the private fund is registered.
                   Name of Country/English Name of Foreign Financial Regulatory Authority
                    Cayman Islands - Cayman Islands Monetary Authority




     NOTE: For purposes of questions 6 and 7, in a master-feeder arrangement, one or more funds ("feeder funds") invest all or substantially all of their
     assets in a single fund ("master fund"). A fund would also be a "feeder fund" investing in a "master fund" for purposes of this question if it issued
     multiple classes (or series) of shares or interests, and each class (or series) invests substantially all of its assets in a single master fund.
                                                                                                                                                               Yes No
8.   (a) Is this private fund a "fund of funds"?

     NOTE: For purposes of this question only, answer "yes" if the fund invests 10 percent or more of its total assets in other pooled investment
     vehicles, regardless of whether they are also private funds or registered investment companies.
     (b) If yes, does the private fund invest in funds managed by you or by a related person?



                                                                                                                                                               Yes No
9.   During your last fiscal year, did the private fund invest in securities issued by investment companies registered under the Investment
     Company Act of 1940 (other than "money market funds," to the extent provided in Instruction 6.e.)?


10. What type of fund is the private fund?

          hedge fund     liquidity fund    private equity fund     real estate fund      securitized asset fund      venture capital fund      Other private fund:


     NOTE: For definitions of these fund types, please see Instruction 6 of the Instructions to Part 1A.


11. Current gross asset value of the private fund:
     $ 79,748,414


Ownership


12. Minimum investment commitment required of an investor in the private fund:
     $ 100,000
     NOTE: Report the amount routinely required of investors who are not your related persons (even if different from the amount set forth in the
     organizational documents of the fund).


13. Approximate number of the private fund's beneficial owners:
     59


14. What is the approximate percentage of the private fund beneficially owned by you and your related persons:
     0%


15. (a) What is the approximate percentage of the private fund beneficially owned (in the aggregate) by funds of funds:
     0%
                                                                                                                                                               Yes No
     (b) If the private fund qualifies for the exclusion from the definition of investment company under section 3(c)(1) of the Investment
         Company Act of 1940, are sales of the fund limited to qualified clients?


16. What is the approximate percentage of the private fund beneficially owned by non-United States persons:
     99%
Your Advisory Services
                                                                                                                                                   Yes No
17. (a) Are you a subadviser to this private fund?

    (b) If the answer to question 17.(a) is "yes," provide the name and SEC file number, if any, of the adviser of the private fund. If the answer to
        question 17.(a) is "no," leave this question blank.
                                                                           No Information Filed

                                                                                                                                                   Yes No
18. (a) Do any investment advisers (other than the investment advisers listed in Section 7.B.(1).A.3.(b)) advise the private fund?

    (b) If the answer to question 18.(a) is "yes," provide the name and SEC file number, if any, of the other advisers to the private fund. If the answer
        to question 18.(a) is "no," leave this question blank.
                                                                           No Information Filed

                                                                                                                                                   Yes No
19. Are your clients solicited to invest in the private fund?

    NOTE: For purposes of this question, do not consider feeder funds of the private fund.


20. Approximately what percentage of your clients has invested in the private fund?
    0%


Private Offering
                                                                                                                                                   Yes No
21. Has the private fund ever relied on an exemption from registration of its securities under Regulation D of the Securities Act of 1933?


22. If yes, provide the private fund's Form D file number (if any):
                                                                         No Information Filed



B. SERVICE PROVIDERS


Auditors
                                                                                                                                                   Yes No
23. (a) (1) Are the private fund's financial statements subject to an annual audit?

         (2) If the answer to question 23.(a)(1) is "yes," are the financial statements prepared in accordance with U.S. GAAP?

         If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing firm,
         you must complete questions (b) through (f) separately for each auditing firm.

           Additional Auditor Information : 1 Record(s) Filed.

            If the answer to question 23.(a)(1) is "yes," respond to questions (b) through (h) below. If the private fund uses more than one auditing
            firm, you must complete questions (b) through (f) separately for each auditing firm.


            (b) Name of the auditing firm:
                  DELOITTE LIMITED, CAYMAN ISLANDS


            (c) The location of the auditing firm's office responsible for the private fund's audit (city, state and country):
                  City:                                               State:                    Country:
                  GEORGE TOWN                                                                   Cayman Islands
                                                                                                                                                  Yes No
            (d) Is the auditing firm an independent public accountant?


            (e) Is the auditing firm registered with the Public Company Accounting Oversight Board?


                  If yes, Public Company Accounting Oversight Board-Assigned Number:
                  1096


            (f)   If "yes" to (e) above, is the auditing firm subject to regular inspection by the Public Company Accounting Oversight Board in
                  accordance with its rules?



                                                                                                                                                   Yes No
    (g) Are the private fund's audited financial statements for the most recently completed fiscal year distributed to the private fund's
        investors?

    (h) Do all of the reports prepared by the auditing firm for the private fund since your last annual updating amendment contain unqualified opinions?
             Yes       No    Report Not Yet Received

        If you check "Report Not Yet Received," you must promptly file an amendment to your Form ADV to update your response when the report is available.


Prime Broker
                                                                                                                                                        Yes No
24. (a) Does the private fund use one or more prime brokers?

        If the answer to question 24.(a) is "yes," respond to questions (b) through (e) below for each prime broker the private fund uses. If the private
        fund uses more than one prime broker, you must complete questions (b) through (e) separately for each prime broker.



                                                                             No Information Filed




Custodian
                                                                                                                                                        Yes No
25. (a) Does the private fund use any custodians (including the prime brokers listed above) to hold some or all of its assets?

        If the answer to question 25.(a) is "yes," respond to questions (b) through (g) below for each custodian the private fund uses. If the private fund
        uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.

         Additional Custodian Information : 1 Record(s) Filed.



            If the answer to question 25.(a) is "yes," respond to questions (b) through g) below for each custodian the private fund uses. If the private
            fund uses more than one custodian, you must complete questions (b) through (g) separately for each custodian.


            (b) Legal name of custodian:
                MILLENIUM TRUST COMPANY


            (c) Primary business name of custodian:
                MILLENIUM TRUST COMPANY


            (d) The location of the custodian's office responsible for custody of the private fund's assets (city, state and country):
                  City:                                           State:                      Country:
                  OAK BROOK                                       Illinois                    United States
                                                                                                                                                   Yes No
            (e) Is the custodian a related person of your firm?


            (f)   If the custodian is a broker-dealer, provide its SEC registration number (if any):
                  -
                  CRD Number (if any):




            (g) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity
                identifier (if any)




Administrator
                                                                                                                                                        Yes No
26. (a) Does the private fund use an administrator other than your firm?

        If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one administrator, you
        must complete questions (b) through (f) separately for each administrator.

         Additional Administrator Information : 1 Record(s) Filed.



            If the answer to question 26.(a) is "yes," respond to questions (b) through (f) below. If the private fund uses more than one
            administrator, you must complete questions (b) through (f) separately for each administrator.


            (b) Name of administrator:
                  APEX FUND SERVICES LTD.


            (c) Location of administrator (city, state and country):
                  City:                                               State:                           Country:
                    HAMILTON                                                                               Bermuda
                                                                                                                                                  Yes No
              (d) Is the administrator a related person of your firm?


              (e) Does the administrator prepare and send investor account statements to the private fund's investors?
                      Yes (provided to all investors)     Some (provided to some but not all investors)      No (provided to no investors)



              (f)   If the answer to question 26.(e) is "no" or "some," who sends the investor account statements to the (rest of the) private fund's
                    investors? If investor account statements are not sent to the (rest of the) private fund's investors, respond "not applicable."




  27. During your last fiscal year, what percentage of the private fund's assets (by value) was valued by a person, such as an administrator, that is not
      your related person?
       100%
       Include only those assets where (i) such person carried out the valuation procedure established for that asset, if any, including obtaining any
       relevant quotes, and (ii) the valuation used for purposes of investor subscriptions, redemptions or distributions, and fee calculations (including
       allocations) was the valuation determined by such person.


  Marketers
                                                                                                                                                        Yes No
  28. (a) Does the private fund use the services of someone other than you or your employees for marketing purposes?

            You must answer "yes" whether the person acts as a placement agent, consultant, finder, introducer, municipal advisor or other solicitor, or
            similar person. If the answer to question 28.(a) is "yes," respond to questions (b) through (g) below for each such marketer the private fund
            uses. If the private fund uses more than one marketer you must complete questions (b) through (g) separately for each marketer.



                                                                              No Information Filed




                                                                   Funds per Page: 15    Total Funds: 14




SECTION 7.B.(2) Private Fund Reporting

 1.   Name of the private fund:
      HIDDENITE CAPITAL MASTER FUND LTD.


 2.   Private fund identification number:
      (include the "805-" prefix also)
      805-5271734833




 3.   Name and SEC File number of adviser that provides information about this private fund in Section 7.B.(1) of Schedule D of its Form ADV filing
      Name:
      HIDDENITE CAPITAL PARTNERS LP
      SEC File Number:
      801 - 119477
                                                                                                                                                         Yes No
 4.   Are your clients solicited to invest in this private fund?

      In answering this question, disregard feeder funds' investment in a master fund. For purposes of this question, in a master-feeder arrangement, one
      or more funds ("feeder funds") invest all or substantially all of their assets in a single fund ("master fund"). A fund would also be a "feeder fund"
      investing in a "master fund" for purposes of this question if it issued multiple classes (or series) of shares or interests, and each class (or series)
      invests substantially all of its assets in a single master fund.




 1.   Name of the private fund:
      PRELUDE STRUCTURED ALTERNATIVES MASTER FUND, LP


 2.   Private fund identification number:
      (include the "805-" prefix also)
      805-2495224621




 3.   Name and SEC File number of adviser that provides information about this private fund in Section 7.B.(1) of Schedule D of its Form ADV filing
      Name:
      PRELUDE CAPITAL MANAGEMENT, LLC
      SEC File Number:
      801 - 73598
                                                                                                                                                              Yes No
 4.   Are your clients solicited to invest in this private fund?

      In answering this question, disregard feeder funds' investment in a master fund. For purposes of this question, in a master-feeder arrangement, one
      or more funds ("feeder funds") invest all or substantially all of their assets in a single fund ("master fund"). A fund would also be a "feeder fund"
      investing in a "master fund" for purposes of this question if it issued multiple classes (or series) of shares or interests, and each class (or series)
      invests substantially all of its assets in a single master fund.




Item 10 Control Persons

In this Item, we ask you to identify every person that, directly or indirectly, controls you. If you are filing an umbrella registration, the information in Item 10
should be provided for the filing adviser only.

If you are submitting an initial application or report, you must complete Schedule A and Schedule B. Schedule A asks for information about your direct owners
and executive officers. Schedule B asks for information about your indirect owners. If this is an amendment and you are updating information you reported
on either Schedule A or Schedule B (or both) that you filed with your initial application or report, you must complete Schedule C.
                                                                                                                                                               Yes No
A.    Does any person not named in Item 1.A. or Schedules A, B, or C, directly or indirectly, control your management or policies?


      If yes, complete Section 10.A. of Schedule D.


B.    If any person named in Schedules A, B, or C or in Section 10.A. of Schedule D is a public reporting company under Sections 12 or 15(d) of the Securities
      Exchange Act of 1934, please complete Section 10.B. of Schedule D.




SECTION 10.A. Control Persons


                                                                         No Information Filed




SECTION 10.B. Control Person Public Reporting Companies


                                                                         No Information Filed




Item 11 Disclosure Information

In this Item, we ask for information about your disciplinary history and the disciplinary history of all your advisory affiliates. We use this information to
determine whether to grant your application for registration, to decide whether to revoke your registration or to place limitations on your activities as an
investment adviser, and to identify potential problem areas to focus on during our on-site examinations. One event may result in "yes" answers to more than
one of the questions below. In accordance with General Instruction 5 to Form ADV, "you" and "your" include the filing adviser and all relying advisers under an
umbrella registration.

Your advisory affiliates are: (1) all of your current employees (other than employees performing only clerical, administrative, support or similar functions); (2) all
of your officers, partners, or directors (or any person performing similar functions); and (3) all persons directly or indirectly controlling you or controlled by you.
If you are a "separately identifiable department or division" (SID) of a bank, see the Glossary of Terms to determine who your advisory affiliates are.

If you are registered or registering with the SEC or if you are an exempt reporting adviser, you may limit your disclosure of any event listed in Item 11 to ten years
following the date of the event. If you are registered or registering with a state, you must respond to the questions as posed; you may, therefore, limit your
disclosure to ten years following the date of an event only in responding to Items 11.A.(1), 11.A.(2), 11.B.(1), 11.B.(2), 11.D.(4), and 11.H.(1)(a). For purposes of
calculating this ten-year period, the date of an event is the date the final order, judgment, or decree was entered, or the date any rights of appeal from preliminary
orders, judgments, or decrees lapsed.

You must complete the appropriate Disclosure Reporting Page ("DRP") for "yes" answers to the questions in this Item 11.

                                                                                                                                                               Yes No
Do any of the events below involve you or any of your supervised persons?

For "yes" answers to the following questions, complete a Criminal Action DRP:
A.   In the past ten years, have you or any advisory affiliate:                                                                                               Yes No
     (1) been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to any felony?

     (2) been charged with any felony?


     If you are registered or registering with the SEC, or if you are reporting as an exempt reporting adviser, you may limit your response to Item 11.A.(2) to
     charges that are currently pending.


B.   In the past ten years, have you or any advisory affiliate:
     (1) been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a misdemeanor involving:
         investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury,
         forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses?
     (2) been charged with a misdemeanor listed in Item 11.B.(1)?


     If you are registered or registering with the SEC, or if you are reporting as an exempt reporting adviser, you may limit your response to Item 11.B.(2) to
     charges that are currently pending.


For "yes" answers to the following questions, complete a Regulatory Action DRP:
C.   Has the SEC or the Commodity Futures Trading Commission (CFTC) ever:                                                                                     Yes No
     (1) found you or any advisory affiliate to have made a false statement or omission?

     (2) found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?

     (3) found you or any advisory affiliate to have been a cause of an investment-related business having its authorization to do business denied,
         suspended, revoked, or restricted?
     (4) entered an order against you or any advisory affiliate in connection with investment-related activity?

     (5) imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?


D.   Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority:
     (1) ever found you or any advisory affiliate to have made a false statement or omission, or been dishonest, unfair, or unethical?

     (2) ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?

     (3) ever found you or any advisory affiliate to have been a cause of an investment-related business having its authorization to do business
         denied, suspended, revoked, or restricted?
     (4) in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity?

     (5) ever denied, suspended, or revoked your or any advisory affiliate's registration or license, or otherwise prevented you or any advisory
         affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate's activity?


E.   Has any self-regulatory organization or commodities exchange ever:
     (1) found you or any advisory affiliate to have made a false statement or omission?

     (2) found you or any advisory affiliate to have been involved in a violation of its rules (other than a violation designated as a "minor rule
         violation" under a plan approved by the SEC)?
     (3) found you or any advisory affiliate to have been the cause of an investment-related business having its authorization to do business denied,
         suspended, revoked, or restricted?
     (4) disciplined you or any advisory affiliate by expelling or suspending you or the advisory affiliate from membership, barring or suspending you
         or the advisory affiliate from association with other members, or otherwise restricting your or the advisory affiliate's activities?


F.   Has an authorization to act as an attorney, accountant, or federal contractor granted to you or any advisory affiliate ever been revoked or
     suspended?


G.   Are you or any advisory affiliate now the subject of any regulatory proceeding that could result in a "yes" answer to any part of Item 11.C.,
     11.D., or 11.E.?


For "yes" answers to the following questions, complete a Civil Judicial Action DRP:
H.   (1) Has any domestic or foreign court:                                                                                                                   Yes No
         (a) in the past ten years, enjoined you or any advisory affiliate in connection with any investment-related activity?

         (b) ever found that you or any advisory affiliate were involved in a violation of investment-related statutes or regulations?

         (c) ever dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or any advisory affiliate by a
             state or foreign financial regulatory authority?
     (2) Are you or any advisory affiliate now the subject of any civil proceeding that could result in a "yes" answer to any part of Item 11.H.(1)?




Schedule A
Direct Owners and Executive Officers
1. Complete Schedule A only if you are submitting an initial application or report. Schedule A asks for information about your direct owners and executive
   officers. Use Schedule C to amend this information.
2. Direct Owners and Executive Officers. List below the names of:
   (a) each Chief Executive Officer, Chief Financial Officer, Chief Operations Officer, Chief Legal Officer, Chief Compliance Officer(Chief Compliance Officer is
        required if you are registered or applying for registration and cannot be more than one individual), director, and any other individuals with similar
        status or functions;
   (b) if you are organized as a corporation, each shareholder that is a direct owner of 5% or more of a class of your voting securities, unless you are a
        public reporting company (a company subject to Section 12 or 15(d) of the Exchange Act);
        Direct owners include any person that owns, beneficially owns, has the right to vote, or has the power to sell or direct the sale of, 5% or more of a
        class of your voting securities. For purposes of this Schedule, a person beneficially owns any securities: (i) owned by his/her child, stepchild, grandchild,
        parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, sharing
        the same residence; or (ii) that he/she has the right to acquire, within 60 days, through the exercise of any option, warrant, or right to purchase the
        security.
   (c) if you are organized as a partnership, all general partners and those limited and special partners that have the right to receive upon dissolution, or
        have contributed, 5% or more of your capital;
   (d) in the case of a trust that directly owns 5% or more of a class of your voting securities, or that has the right to receive upon dissolution, or has
        contributed, 5% or more of your capital, the trust and each trustee; and
   (e) if you are organized as a limited liability company ("LLC"), (i) those members that have the right to receive upon dissolution, or have contributed, 5%
        or more of your capital, and (ii) if managed by elected managers, all elected managers.
3. Do you have any indirect owners to be reported on Schedule B?           Yes      No

4. In the DE/FE/I column below, enter "DE" if the owner is a domestic entity, "FE" if the owner is an entity incorporated or domiciled in a foreign country, or
   "I" if the owner or executive officer is an individual.
5. Complete the Title or Status column by entering board/management titles; status as partner, trustee, sole proprietor, elected manager, shareholder, or
   member; and for shareholders or members, the class of securities owned (if more than one is issued).
6. Ownership codes are:       NA - less than 5%             B - 10% but less than 25%       D - 50% but less than 75%
                              A - 5% but less than 10%      C - 25% but less than 50%       E - 75% or more
7. (a) In the Control Person column, enter "Yes" if the person has control as defined in the Glossary of Terms to Form ADV, and enter "No" if the person does
        not have control. Note that under this definition, most executive officers and all 25% owners, general partners, elected managers, and trustees are
        control persons.
   (b) In the PR column, enter "PR" if the owner is a public reporting company under Sections 12 or 15(d) of the Exchange Act.
   (c) Complete each column.
FULL LEGAL NAME (Individuals: Last            DE/FE/I Title or Status Date Title or Status       Ownership Control PR CRD No. If None: S.S. No. and Date of
Name, First Name, Middle Name)                                        Acquired MM/YYYY           Code      Person     Birth, IRS Tax No. or Employer ID No.
CV5 LIMITED                                   FE        SHAREHOLDER 06/2019                      D           Y         N
NOIK, DARRYL, SEAN                            I         DIRECTOR,       05/2019                  B           Y         N   7644689
                                                        CRO, CCO
CAMPION, JONATHAN, RICHARD                    I         DIRECTOR        05/2019                  B           Y         N   7644690
STOELKER, LYNDA, ANN                          I         GROUP COO       01/2026                  NA          Y         N   7645597
Bromley-Martin, Edward, Courtney              I         UK COO          01/2026                  NA          Y         N   8242355



Schedule B
Indirect Owners
1. Complete Schedule B only if you are submitting an initial application or report. Schedule B asks for information about your indirect owners; you must first
   complete Schedule A, which asks for information about your direct owners. Use Schedule C to amend this information.
2. Indirect Owners. With respect to each owner listed on Schedule A (except individual owners), list below:
   (a) in the case of an owner that is a corporation, each of its shareholders that beneficially owns, has the right to vote, or has the power to sell or direct
       the sale of, 25% or more of a class of a voting security of that corporation;

       For purposes of this Schedule, a person beneficially owns any securities: (i) owned by his/her child, stepchild, grandchild, parent, stepparent,
       grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, sharing the same residence;
       or (ii) that he/she has the right to acquire, within 60 days, through the exercise of any option, warrant, or right to purchase the security.
   (b) in the case of an owner that is a partnership, all general partners and those limited and special partners that have the right to receive upon
       dissolution, or have contributed, 25% or more of the partnership's capital;
   (c) in the case of an owner that is a trust, the trust and each trustee; and
   (d) in the case of an owner that is a limited liability company ("LLC"), (i) those members that have the right to receive upon dissolution, or have
       contributed, 25% or more of the LLC's capital, and (ii) if managed by elected managers, all elected managers.
3. Continue up the chain of ownership listing all 25% owners at each level. Once a public reporting company (a company subject to Sections 12 or 15(d) of
   the Exchange Act) is reached, no further ownership information need be given.
4. In the DE/FE/I column below, enter "DE" if the owner is a domestic entity, "FE" if the owner is an entity incorporated or domiciled in a foreign country, or
   "I" if the owner is an individual.
5. Complete the Status column by entering the owner's status as partner, trustee, elected manager, shareholder, or member; and for shareholders or
   members, the class of securities owned (if more than one is issued).
6. Ownership codes are:       C - 25% but less than 50%       E - 75% or more
                              D - 50% but less than 75%       F - Other (general partner, trustee, or elected manager)
7. (a) In the Control Person column, enter "Yes" if the person has control as defined in the Glossary of Terms to Form ADV, and enter "No" if the person does
       not have control. Note that under this definition, most executive officers and all 25% owners, general partners, elected managers, and trustees are
       control persons.
   (b) In the PR column, enter "PR" if the owner is a public reporting company under Sections 12 or 15(d) of the Exchange Act.
   (c) Complete each column.
FULL LEGAL NAME (Individuals: Last        DE/FE/I Entity in Which   Status              Date Status      Ownership Control PR CRD No. If None: S.S. No. and
Name, First Name, Middle Name)                    Interest is Owned                     Acquired         Code      Person     Date of Birth, IRS Tax No. or
                                                                                        MM/YYYY                               Employer ID No.
CAPRICORN CAPITAL CINQUE TRUST            FE        CV5 LIMITED         SHAREHOLDER 03/2020              E            Y       N
R&H TRUST CO, SWITZERLAND AG              FE        CAPRICORN           TRUSTEE         03/2020          F            Y       N
                                                    CAPITAL CINQUE
                                                    TRUST



Schedule D - Miscellaneous
You may use the space below to explain a response to an Item or to provide any other information.
(1) IN CONNECTION WITH THE ADVISORY ARRANGEMENTS IN WHICH CAPRICORN FUND MANAGERS LIMITED ("CFM") IS INVOLVED, CFM SECONDS PERSONNEL
AT THE NON-U.S. OFFICES DISCLOSED IN SECTION 1.F OF THIS SCHEDULE D. (2) FOR PURPOSES OF 7.B.(2) PRIVATE FUND REPORTING, THE REGISTRANT SUB-
ADVISES A PRIVATE CLIENT. THE REGISTRANT HAS NOT DISCLOSED THE IDENTITY OF THE PRIVATE FUND DUE TO CONFIDENTIAL AGREEMENTS BETWEEN THE
REGISTRANT AND THE PRIVATE FUND CLIENT AND IS CONSISENT WITH SECTION 210(C) OF THE INVESTMENT ADVISERS ACT OF 1940.




DRP Pages


CRIMINAL DISCLOSURE REPORTING PAGE (ADV)

No Information Filed



REGULATORY ACTION DISCLOSURE REPORTING PAGE (ADV)

No Information Filed



CIVIL JUDICIAL ACTION DISCLOSURE REPORTING PAGE (ADV)

No Information Filed




Execution Pages
DOMESTIC INVESTMENT ADVISER EXECUTION PAGE
 You must complete the following Execution Page to Form ADV. This execution page must be signed and attached to your initial submission of Form ADV to
 the SEC and all amendments.


 Appointment of Agent for Service of Process

 By signing this Form ADV Execution Page, you, the undersigned adviser, irrevocably appoint the Secretary of State or other legally designated officer, of the
 state in which you maintain your principal office and place of business and any other state in which you are submitting a notice filing, as your agents to
 receive service, and agree that such persons may accept service on your behalf, of any notice, subpoena, summons, order instituting proceedings, demand
 for arbitration, or other process or papers, and you further agree that such service may be made by registered or certified mail, in any federal or state
 action, administrative proceeding or arbitration brought against you in any place subject to the jurisdiction of the United States, if the action, proceeding, or
 arbitration (a) arises out of any activity in connection with your investment advisory business that is subject to the jurisdiction of the United States, and (b)
 is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939,
 the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these acts, or (ii) the laws of the state
 in which you maintain your principal office and place of business or of any state in which you are submitting a notice filing.


 Signature

 I, the undersigned, sign this Form ADV on behalf of, and with the authority of, the investment adviser. The investment adviser and I both certify, under
 penalty of perjury under the laws of the United States of America, that the information and statements made in this ADV, including exhibits and any other
 information submitted, are true and correct, and that I am signing this Form ADV Execution Page as a free and voluntary act.


 I certify that the adviser's books and records will be preserved and available for inspection as required by law. Finally, I authorize any person having
 custody or possession of these books and records to make them available to federal and state regulatory representatives.


 Signature:                                                            Date: MM/DD/YYYY
 Printed Name:                                                         Title:
 Adviser CRD Number:
 323709




NON-RESIDENT INVESTMENT ADVISER EXECUTION PAGE
You must complete the following Execution Page to Form ADV. This execution page must be signed and attached to your initial submission of Form ADV to
the SEC and all amendments.


1. Appointment of Agent for Service of Process

By signing this Form ADV Execution Page, you, the undersigned adviser, irrevocably appoint each of the Secretary of the SEC, and the Secretary of State or
other legally designated officer, of any other state in which you are submitting a notice filing, as your agents to receive service, and agree that such
persons may accept service on your behalf, of any notice, subpoena, summons, order instituting proceedings, demand for arbitration, or other process or
papers, and you further agree that such service may be made by registered or certified mail, in any federal or state action, administrative proceeding or
arbitration brought against you in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any
activity in connection with your investment advisory business that is subject to the jurisdiction of the United States, and (b) is founded, directly or indirectly,
upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of
1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these acts, or (ii) the laws of any state in which you are submitting a
notice filing.


2. Appointment and Consent: Effect on Partnerships

If you are organized as a partnership, this irrevocable power of attorney and consent to service of process will continue in effect if any partner withdraws
from or is admitted to the partnership, provided that the admission or withdrawal does not create a new partnership. If the partnership dissolves, this
irrevocable power of attorney and consent shall be in effect for any action brought against you or any of your former partners.


3. Non-Resident Investment Adviser Undertaking Regarding Books and Records

By signing this Form ADV, you also agree to provide, at your own expense, to the U.S. Securities and Exchange Commission at its principal office in
Washington D.C., at any Regional or District Office of the Commission, or at any one of its offices in the United States, as specified by the Commission,
correct, current, and complete copies of any or all records that you are required to maintain under Rule 204-2 under the Investment Advisers Act of 1940.
This undertaking shall be binding upon you, your heirs, successors and assigns, and any person subject to your written irrevocable consents or powers of
attorney or any of your general partners and managing agents.


Signature

I, the undersigned, sign this Form ADV on behalf of, and with the authority of, the non-resident investment adviser. The investment adviser and I both
certify, under penalty of perjury under the laws of the United States of America, that the information and statements made in this ADV, including exhibits
and any other information submitted, are true and correct, and that I am signing this Form ADV Execution Page as a free and voluntary act.


I certify that the adviser's books and records will be preserved and available for inspection as required by law. Finally, I authorize any person having
custody or possession of these books and records to make them available to federal and state regulatory representatives.


Signature:                                                              Date: MM/DD/YYYY
DARRYL NOIK                                                             05/19/2026
Printed Name:                                                           Title:
DARRYL NOIK                                                             DIRECTOR
Adviser CRD Number:
323709