Description of Firm Kotak Alternate Asset Managers Limited (KAAM) is a registered investment adviser based in Mumbai, India. We are organized as a corporation under the laws of the country of India. We are also managers to various private funds. We are owned by Kotak Mahindra Bank Limited and Kotak Mahindra Capital Company Limited. KAAM is registered as an investment adviser with the Securities and Exchange Board of India ("SEBI") as well as with the U.S. Securities and Exchange Commission ("SEC"). The following paragraphs describe our services and fees. Refer to the description of investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we," "our," and "us" refer to Kotak Alternate Asset Managers Limited and the words "you," "your," and "client" refer to you as either a client or prospective client of our firm.
Investment Advisory Services and Private Funds We offer non-discretionary investment advisory services. If you enter into an investment advisory arrangement with KAAM, you have an unrestricted right to decline to implement any advice provided by our firm on a non-discretionary basis. We also offer investment advisory services to certain private funds offered by KAAM or by our affiliates.
In addition, we offer private funds managed by us with discretion ("KAAM Funds") to you. The detailed terms, strategies and risks applicable to the KAAM Funds, including restrictions on investments relating to the KAAM Funds are found in the private placement memorandum or subscription agreement. Private funds are available for investment only by institutional investors and other sophisticated, high- net-worth

investors, who meet the eligibility requirements of the applicable fund set forth in its Governing Documents. Wherever such funds are marketed in the US, they are exempt from registration as an investment company under the U.S. Investment Company Act, as amended (the "Investment Company Act"), under Section 3(c)(1) or 3(c)(7) thereof.
Types of Indian Securities and Investments on which Investment Advisory Services will be Offered We may offer advice on Indian securities and investments such as equity securities, warrants, corporate debt securities (other than commercial paper), commercial paper, certificates of deposit, bonds, government securities, mutual funds, private funds, other portfolio management services, options contracts on securities, options contracts on commodities, futures contracts on tangibles, futures contracts on intangibles, private placements, unlisted securities, real estate investment trusts ("REITs"), infrastructure investment trusts ("InvITs"), private investment in public equity ("PIPEs"), derivatives, structured products, exchange-traded funds ("ETFs"), Bank Fixed Deposits and other possible securities that may be of interest to our clients.
Since our investment strategies and advice are based on each client's specific financial situation, the investment advice we provide to you may be different or conflicting with the advice we give to other clients regarding the same security or investment.
Assets Under Management As of September 30, 2022, we manage assets amounting to $3,140,496,516 under various private funds on a discretionary basis and provide investment advisory services on assets amounting to $8,387,864,614 on a non-discretionary basis. 4