Abrams Capital Management, L.P. (“Abrams Capital”) is a Boston-based investment firm founded in 1999. David Abrams, as a limited partner of Abrams Capital and the managing member of the general partner of Abrams Capital, Abrams Capital Management, LLC, is the principal owner of Abrams Capital and controls Abrams Capital. The general partner of Abrams Capital has ultimate responsibility for the management and operations of Abrams Capital. For purposes of this Brochure, “Abrams Capital” shall include (where the context permits) Abrams Capital Management, LLC and the affiliated general partners of the Funds (as defined below). Abrams Capital provides investment advisory services to privately-offered alternative investment funds (the names of which are set forth in Item 5 - Fees and Compensation). The primary investment objective of the Funds (as defined in Item 5) is to maximize long-term total returns in variable market and economic conditions, while emphasizing preservation of capital. Abrams Capital’s investment strategy is opportunistic and follows a fundamental, value-oriented approach. Investments generally are made with a long-term time horizon, and each Fund’s portfolio is generally unlevered and long-biased. Abrams Capital and its affiliates have acquired and liquidated investments across a wide spectrum of asset types, investment strategies, market sectors, market cycles and industries. This spectrum includes, but is not limited to, distressed securities, private and/or illiquid securities, investments in pooled investment vehicles managed by unaffiliated investment advisers, joint ventures with operating partners and domestic and foreign equity and debt securities. Please see Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss, for a more comprehensive discussion of our investment approach. The investment strategies, risks, fees and other important information about each Fund are set forth in the applicable Fund’s confidential offering memorandum or other organizational documents. The information in this Brochure does not purport to be a complete description of the Funds and it is qualified in its entirety by a Fund’s confidential offering memorandum or other organizational documents. Abrams Capital makes all investment

decisions on behalf of the Funds pursuant to the terms of an investment management agreement between each Fund and Abrams Capital. Abrams Capital’s primary responsibilities are to identify, review, and select investment opportunities that it believes will achieve the investment objectives of the Funds. Abrams Capital and its affiliates, Abrams Capital, LLC, Great Hollow Partners, LLC, Riva Capital Management II, LLC, Riva Capital Management III, LLC, Riva Capital Management IV, LLC, Riva Capital Management V, LLC, and Riva Capital Management VI, LLC also provide administrative and management services to the Funds. Investment advice is provided directly to the Funds, subject to the discretion and control of the applicable general partner, and not individually to the investors in the Funds. Services are provided to the Funds in accordance with the investment management agreements with the Funds and organizational documents of the applicable Fund. Investment restrictions for the Funds, if any, are generally established in the organizational documents of the applicable Fund and/or the investment management agreements. Abrams Capital currently does not provide investment advisory services to clients apart from its management of the Funds and does not participate in wrap fee programs. From time to time, Abrams Capital serves as the manager/general partner for special purpose vehicles owned by one or more Funds. Abrams Capital manages the assets of each Fund in a manner that is consistent with the objectives and strategies set forth in the applicable Fund’s organizational documents. Abrams Capital generally does not tailor its advice to the needs of any particular investor in a Fund, and investors may not impose investment restrictions on their investment in a Fund. As of January 1, 2023, Abrams Capital managed on a discretionary basis approximately $8.725 billion, which represents the aggregate net asset value of the Funds as of such date. Abrams Capital does not manage any assets on a non-discretionary basis. For a further discussion of these and related items, see Item 7 (Types of Clients), Item 8 (Methods of Analysis, Investment Strategies and Risk of Loss) and Item 10 (Other Financial Industry Activities and Affiliations).