The Blue Owl GPSC Advisers provide investment advisory services through the GP Strategic Capital platform of Blue Owl (“Blue Owl GPSC”) to investment funds offered to qualified investors in the United States and elsewhere (the “Blue Owl Private Funds”). The Blue Owl GPSC Advisers commenced operations in 2010 and 2017, respectively. The Blue Owl GPSC Advisers are principally owned, through certain intermediary vehicles, by Blue Owl Capital Inc. (“Blue Owl”), which is a publicly traded company listed on the New York Stock Exchange (NYSE: OWL), and an affiliate of Neuberger Berman Group LLC and are controlled by Blue Owl. Blue Owl is controlled by the founders and principals of Blue Owl. More information about the Blue Owl GPSC Advisers’ owners and executive officers is available in the Blue Owl GPSC Advisers’ Form ADV, in Part 1A, Schedules A/B. As of December 31, 2023, the Blue Owl GPSC Advisers managed approximately $54.2 billion on a discretionary basis. Blue Owl, through the Blue Owl GPSC Advisers and together with the other SEC-registered investment advisers associated with the Credit and Real Estate platforms of Blue Owl (collectively, the “Blue Owl Advisers”), managed approximately $165.7 billion (based on information as of December 31, 2023).1 Blue Owl Private Funds and their Strategies The Blue Owl GPSC Advisers pursue three distinct investment strategies for the Blue Owl Private Funds: GP Minority Equity Investments, GP Debt Financing Investments, and National Basketball Association (“NBA”) Franchise Minority Investments.
• For the Blue Owl Private Funds that pursue the GP Minority Equity Investments strategy (such funds, the “Blue Owl GPSC Equity Funds”), the Blue Owl GPSC Advisers seek to build diversified portfolios of minority equity investments in institutionalized alternative asset management firms (such firms, “Partner Managers”) across multiple strategies, geographies, 1 For the purposes of these calculations, for Blue Owl Credit, assets under management (approximately $84.6 billion based on information as of December 31, 2023) represents the sum of (i) total assets of clients (including assets acquired with leverage) managed by Blue Owl Credit, (ii) undrawn debt available to these clients (including certain amounts subject to restrictions), (iii) uncalled committed capital of these clients (including commitments to products that have yet to commence their investment periods), and (iv) par value of collateral for collateralized loan obligations. For Blue Owl GP Strategic Capital, assets under management (approximately $54.2 billion based on information as of December 31, 2023) represents the sum of (i) total assets of clients (including assets acquired with leverage) managed by Blue Owl GP Strategic Capital and (ii) uncalled committed capital of these clients (including commitments to products that have yet to commence their investment period. For Blue Owl Real Estate, assets under management (approximately $26.9 billion based on information as of December 31, 2023) represents the sum of (i) total assets of clients (including assets acquired with leverage) managed by Blue Owl Real Estate, (ii) undrawn debt available to these clients (including certain amounts subject to restrictions), and (iii) uncalled committed capital of these clients (including commitments to products that have yet to commence their investment periods). 5 | P a g e and asset classes. The Blue Owl GPSC Equity Funds may also make direct investments in alternative investment funds or separate accounts that are managed by Partner Managers (“Portfolio Funds”) and other investments that are consistent with the Blue Owl GPSC Advisers’ investment theses for the Blue Owl GPSC Equity Funds. The Blue Owl GPSC Equity Funds are closed-end, permanent capital funds. The Blue Owl GPSC Equity Funds’ investment objective is to generate cash yield by collecting a set percentage of contractually fixed management fees, a set percentage of carried interest and return on balance sheet investments made by underlying Partner Managers. The Blue Owl GPSC Equity Funds primarily focus on acquiring minority equity positions, and other related opportunities, in or with respect to large and/or mid-sized institutionalized

Partner Managers deriving a significant component of their income from the sponsorship and management of alternative investment funds and related activities. The inaugural Blue Owl GPSC Equity Funds followed a hedge fund manager-focused investment program that has since evolved into a private capital manager-focused investment program in more recent Blue Owl GPSC Equity Funds.
• For the Blue Owl Private Funds that pursue the GP Debt Financing Investments strategy (such funds, the “Blue Owl GP Financing Funds”), the relevant Blue Owl GPSC Adviser seeks to originate and make collateralized, long-term debt investments, preferred equity investments and structured investments in Partner Managers. The Blue Owl GP Financing Funds acquire, hold and dispose of investments structured as long-term loans to, and/or preferred equity or structured investments in, Partner Managers as well as opportunistic investments related to this strategy, pursuant to cash flow sweeps of set percentages of management fees, general partner realization, carried interest and other fee streams of the Partner Manager in the event that certain minimum coverage ratios are not maintained. The Blue Owl GP Financing Funds’ investment objective is to generate current income by targeting investment opportunities with attractive risk-adjusted returns. The relevant Blue Owl GPSC Adviser expects that the loans will be used to allow borrowers to support business growth, fund the Partner Managers’ investments in their own funds, and launch new strategies. The Blue Owl GPSC Adviser to the Blue Owl GP Financing Funds will seek to assemble a portfolio of complementary investments whose borrowers are diversified by investment strategy, geography and asset class. The GP Debt Financing Investment strategy allows the Blue Owl GPSC Advisers to offer a comprehensive suite of solutions to private capital managers.
• Blue Owl Private Funds can also pursue a Sports Investing strategy. The relevant Blue Owl GPSC Adviser’s first endeavor in this area was creating a partnership with the NBA, which has pre-approved the Blue Owl GPSC Adviser to the Blue Owl HomeCourt Funds as a prospective buyer of NBA Teams and waived both its requirement that any minority owner own a stake in a single franchise and its limitation on any team having more than 25 individual beneficial owners. The NBA has also provided pre-approval for the Blue Owl HomeCourt Funds to own interests in multiple NBA Teams. The Blue Owl GPSC Adviser to the Blue Owl HomeCourt Funds believes that having these approvals and waivers already established will provide selling owners with more certainty of a Blue Owl HomeCourt Fund’s ability to close on any investment and will make the Blue Owl HomeCourt Funds the buyer of choice when a minority interest in an NBA Team becomes available. The Blue Owl HomeCourt Funds’ 6 | P a g e investments in the NBA are intended to provide low correlation to other asset classes and long-term value appreciation. The Blue Owl GPSC Advisers’ advisory services to the Blue Owl Private Funds are detailed in the relevant private placement memorandum or other offering documents, limited partnership or other operating agreements of the Blue Owl Private Funds (“Offering Materials”) and are further described below under Item 8 — Methods of Analysis, Investment Strategies and Risk of Loss. The Blue Owl GPSC Advisers have overall responsibility for implementing the investment strategies of the Blue Owl Private Funds and have the authority to select investments within the stated investment strategies and objectives of each Blue Owl Private Fund (such investments, including investments in Partner Managers, Portfolio Funds, and/or NBA Teams, as the context requires, “Portfolio Investments”). The Blue Owl GPSC Advisers generally do not tailor advice given to a Blue Owl Private Fund based on the individualized needs of any particular investor. Each investor in a Blue Owl Private Fund (“Investors”) must consider whether that Blue Owl Private Fund meets such Investor’s investment objectives and risk tolerance prior to investing. Refer to Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss and Item 13 — Review of Accounts for further discussion on the Blue Owl GPSC Advisers’ investment process. 7 | P a g e