General Description of Investment Adviser HCG Fund Management LP (“HCG” or the “Investment Adviser”) formed in January 2015 and is organized as a limited partnership under the laws of the State of Delaware. The investment activities of HCG are led by Hadi F. Habal and Jose N. Penabad (the “Principals”). HCG is principally owned by MIJ Analytics, LLC and Jenesem, LLC, each wholly owned and controlled by Mr. Penabad and Mr. Habal, respectively. HCG Funds LLC, a Delaware limited liability company, serves as the general partner of HCG. Description of Advisory Services and Investment Strategy HCG is an alternative investment management company focused on private market opportunities emerging from financial technology (“Fintech”) companies. HCG serves as the investment manager and provides discretionary investment advisory services to pooled investment vehicles that are not registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and the securities of which are not registered under the Securities Act of 1933, as amended (the “Securities Act”) (each a “Fund” and collectively, the “Funds”). HCG also provides services to a separately managed account client with an investment strategy similar to that of the Digital Finance Funds as defined below. The primary Funds (i.e., those that are not co-investment vehicles (such as Point Coinvest and Flex Coinvest (as defined below)) or the specialty finance Irish DAC (as defined below)) are organized in “master-feeder” structures in which a feeder fund invests substantially all of its assets into a master fund, and in turn, the master fund makes investments. The current master-feeder fund structures consist of the following entities: Digital Finance Funds: o HCG Funds Ltd., a Cayman Islands exempted company (“Digital Finance Cayman Feeder Fund”); o HCG DF Feeder SCSp, a Luxembourg special limited partnership (“Digital Finance Luxembourg Feeder Fund”) (collectively “Digital Finance Feeder Funds”); and o HCG Digital Finance LP, a Delaware limited partnership (“Digital Finance Master Fund” and together with Digital Finance Feeder Funds, “Digital Finance Funds”). Digital Ventures Funds: o HCG Digital Ventures I Feeder Fund LP, a Cayman Islands exempted limited partnership (“DV Feeder Fund I”); o HCG Digital Ventures, LP, a Delaware limited partnership (“DV Master Fund I” and together with DV Feeder Fund I, “DV Funds I”); o HCG Digital Ventures II Feeder Fund LP, a Cayman Islands exempted limited partnership (the “DV Feeder Fund II” and together with DV Feeder Fund I, “DV Feeder Funds”); and o HCG Digital Ventures II, LP, a Delaware limited partnership (“DV Master Fund II” and together with DV Feeder Fund II, the “DV Funds II,” which together with DV Funds I, “Digital Ventures Funds”). The Principals are also the owners of the managing members of HCG Partners LLC, HCG DV GP, LLC, and HCG DV II GP, LLC (each a “General Partner”), respectively the general partner of Digital Finance Master Fund, DV Master Fund I, and DV Master Fund II (collectively, the “Master Funds”) with ultimate responsibility for decisions relating to management, operations, and investment decisions made on behalf of the Master Funds, and as delegated by the governing authorities of Digital Finance Cayman Feeder Fund, Digital Finance Luxembourg Feeder Fund, DV Feeder Fund and DV II Feeder Fund (collectively, the “Feeder Funds”). Digital Finance Funds: The Digital Finance Funds focus primarily on one principal asset class – Digital Private Credit. Digital Private Credit is small-balance, short duration, amortizing private fixed income risk assets that are originated through and/or enabled by Fintech companies, such as marketplace lenders, payment systems, and e-commerce platforms. The investment objective is to generate consistent absolute returns over the long-term risk premium, with mitigated downside risk, low volatility and low correlation to listed securities. To achieve Digital Finance Funds’ investment objective of generating consistent absolute returns over the long-term risk premium, with mitigated downside risk, HCG pursues the following investment strategy: it purchases digital private credit assets (“Digital Private Credit Assets”) sourced from Fintech companies and funds those investments with what it believes is a prudently levered capital structure, seeking to optimize return on equity to investors. Asset level returns are generated from a highly diversified pool of small-balance loans, spanning multiple sectors, all originated in the U.S., including, but not limited to, consumer personal installment loans, point-of-sale loans, small business term loans and invoices, and skill-based student loans.

Digital Finance Funds invest in these Digital Private Credit Assets with the intention of holding them to maturity. In addition, HCG may also seek an alternative credit investment opportunity that complies with Digital Finance Funds’ investment criteria but is not originated through a Fintech company, called “Special Situation Investments” (as disclosed and described in Digital Finance Funds’ offering documents). There can be no assurance that Digital Finance Funds will meet their investment objectives or avoid substantial or total losses. Digital Ventures Funds: The investment objective of Digital Ventures Funds is to achieve long-term capital appreciation through privately-negotiated venture capital investments in seed- and early-stage companies (each, a “Portfolio Company” and collectively, the “Portfolio Companies”) with technology-enabled business models, including, but not limited to, Portfolio Companies that are engaged or planning to engage in businesses related to FinTech. Digital Ventures Funds intend to purchase, directly or indirectly through private funds, special purpose or similar vehicles established to invest in one or more Portfolio Companies, equity and equity-related securities (including options and warrants for the equity securities) of Portfolio Companies and may also purchase debt (including convertible debt) securities of Portfolio Companies, subject to certain restrictions described in Digital Ventures Funds’ offering documents. Digital Ventures Funds may from time to time also receive options and warrants for the equity securities of Portfolio Companies in connection with the Digital Ventures Fund’s investment in the Portfolio Companies. There can be no assurance that Digital Ventures Funds will achieve their investment objectives or avoid substantial or total losses. In providing services to the Funds, among other things, HCG: (i) manages the Funds’ assets in accordance with the terms of the applicable Fund’s confidential offering memoranda, individual limited partnership or shareholder agreements and other governing documents applicable to each Fund (collectively the “Fund Documents”); (ii) formulates strategies to achieve investment objectives; (iii) directs and manages the investment and reinvestment of the Funds’ assets; and (iv) provides, or causes to be provided, periodic reports to investors. HCG provides investment advice directly to the Funds and not individually to a Fund’s limited partners or investors. Investment restrictions for the Funds, if any, are generally established in the applicable Fund Documents. It should be noted that HCG (as well as the Funds and the General Partners of the Funds) has in the past and may in the future enter into side letters or similar agreements with certain investors. Such agreements may provide for, among other things, reduced fees, redemption and withdrawal rights, notice periods and information rights. Co-investment Vehicles: In February 2021, HCG formed HCG Point Coinvest B LLC (“Point Coinvest”), a dedicated investment vehicle to invest solely in the Series B preferred stock of an existing Portfolio Company of DV Funds I. In October 2021, HCG formed HCG Flex Coinvest C LLC (“Flex Coinvest”), a dedicated investment vehicle to invest solely in the Series C preferred stock of an existing Portfolio Company of DV Funds I. All of the Point Coinvest and Flex Coinvest investors (directly or through affiliates) are existing investors in DV Funds I. HCG also provides advisory services to HCG Finance DAC, an Irish designated activity company (“Irish DAC”) in connection with its investment and capital management activities. The Digital Finance Master Fund invests in subordinated notes issued by Irish DAC and receives leveraged returns from Irish DAC’s under its senior medium-term note issuance program. Advisory services to Irish DAC include providing research services, making recommendations about investments, and reporting on the performance of assets. HCG’s investment authority for Irish DAC is non-discretionary with the board of directors of Irish DAC retaining absolute authority to make all investment decisions. In the third quarter of 2021, HCG commenced its first separately managed account (“SMA” and, together with the Funds, Irish DAC, and co-investment vehicles, “Advisory Clients”) with a mandate that is broadly similar to that of Digital Finance Funds. As of December 31, 2023, HCG managed regulatory assets under management on behalf of Advisory Clients totaling approximately $709,788,151 ($626,688,151 on a discretionary basis and $83,100,000 on a non-discretionary basis).