Overview of the Firm BAAM, a Delaware limited partnership, is a leading multi-asset investing provider and primarily provides investment advisory services to private investment funds (collectively, the “BAAM Funds”) that predominantly engage in multi-manager investment programs. Many BAAM Funds are commonly referred to in the industry as funds of hedge funds. Other BAAM Funds engage in direct investing as part of their investment program. BAAM also advises clients / accounts, typically on a non-discretionary basis, regarding such clients’ investment portfolio (together with BAAM Funds, the “BAAM Clients”). BAAM was founded in 1990 as part of Blackstone Inc. (NYSE: BX) (“Blackstone”), which is the ultimate parent of BAAM. Blackstone is a leading alternative investment manager with investment programs and services concentrating in the private equity, real estate, debt / credit and secondaries businesses, as well as the multi-asset investing business. BAAM shares employees and facilities with Blackstone Strategic Alliance Advisors L.L.C. (“BSAA”), Blackstone Alternative Solutions L.L.C. (“BAS”), and Blackstone Alternative Investment Advisors LLC (“BAIA”), each a registered investment adviser. Please see Item 10 – Other Financial Industry Activities and Affiliations for more information. BAAM’s assets under management (“AUM”) were $53 billion as of December 31, 2023 Please note that this is an unaudited estimate. In the case of assets managed by BAAM which are sub-advised or allocated to Other BXMA Clients, such assets are included in the AUM for both BAAM and the Other BXMA Advisers if BAAM is paid a fee on such assets. Overview of Advisory Services As investment adviser to BAAM’s Clients, BAAM:  Identifies and implements investment opportunities for BAAM Clients;  Participates in the monitoring of BAAM Clients’ investments;  Makes decisions on behalf of BAAM Clients to purchase and/or sell investments;  Engages in foreign currency hedging transactions and/or the hedging of certain market exposures for certain BAAM Clients; and  Employs leverage for BAAM Clients in various forms (including via credit facilities, derivative transactions, margin transactions and other credit arrangements): (a) when BAAM believes that the use of leverage may enable the BAAM Clients to achieve a higher rate of return, (b) to meet redemptions that would otherwise result in the premature liquidation of investments, and/or (c) to finance investments or other costs and expenses in anticipation of the receipt of equity capital from investors and/or realization proceeds from investments. The use of leverage increases the risk of loss. Typically, a BAAM Fund’s strategy generally is to allocate capital to a diversified group of Underlying Managers that invest or trade in a wide variety of securities and other instruments, including, but not limited to, equities and fixed income securities, currencies, commodities, Blackstone Alternative Asset Management L.P. Blackstone | 5 futures contracts, options and other derivative instruments, all of which may be listed or unlisted, rated or unrated, distressed or publicly or privately issued. From time to time, BAAM Funds also invest in separate managed accounts with Underlying Managers (the funds and accounts managed by Underlying Managers are referred to herein as the “Underlying Investment Vehicles”). Subject to guidelines of particular Client Constituent Documents, BAAM Funds invest in other BAAM Funds and Underlying Investment Vehicles managed by Other Blackstone Advisers, Blackstone Affiliated Managers and Blackstone Interest Managers. For certain BAAM Funds, BAAM may also invest some or all of the BAAM Fund’s capital directly in the securities and other instruments described above. In

General, BAAM Offers Three Types of Products: 1. Commingled Funds “Commingled Funds” are BAAM Funds that are offered to multiple investors and invest in multiple Underlying Investment Vehicles and/or BAAM Funds and in some cases make direct investments (e.g., Blackstone’s Dislocation Funds, certain Customized Funds and Advisory Clients). BAAM mandates the investment guidelines (e.g., risk factors, leverage, concentration limits, etc.) and makes investment decisions in its sole discretion. Generally, Commingled Funds also invest in other BAAM Funds, including in certain circumstances a BAAM Fund which provides investment exposure to a single Underlying Manager (referred to by BAAM as “Wrappers”), a group of Underlying Managers concentrated in one investment thesis (referred to by BAAM as “Pods”) or direct investments within the guidelines of the Client Constituent Documents. Where a BAAM Fund invests in other BAAM Funds, generally there is only one level of fees charged by BAAM. Note: *A Commingled BAAM Fund may be an externally offered BAAM Fund or a BAAM Fund which is an intermediary fund (e.g., pods, in some cases, wrappers) or makes direct investments which are typically only offered to other BAAM Clients. A Commingled BAAM Fund may be in the form of an entity (e.g., Delaware limited partnership, Cayman limited company, etc.) or a “Managed Account,” which is a fund managed and advised by BAAM that contracts with third-party hedge fund managers to conduct day-to-day investment activities on behalf of such Commingled Funds. 2. Customized Funds A “Customized Fund” is where BAAM establishes a fund or account for a single investor or limited number of related investors and such fund or account invests in Underlying Blackstone Alternative Asset Management L.P. Blackstone | 6 Investment Vehicles and/or BAAM Funds and in some cases make direct investments. Customized Funds generally have tailored investment guidelines and restrictions, customized investment objectives and strategies, and customized reporting. The investor is involved in establishing the investment guidelines and terms of the Customized Fund, although generally BAAM maintains discretion to make investment decisions. Certain Customized Funds are structured as managed accounts. Where a Customized Fund invests in another BAAM Fund, generally there is only one level of fees charged by BAAM. Under limited circumstances, Other Blackstone Advisers charge fees on assets invested with such advisers by a Customized Fund. Note: *A Customized BAAM Fund may be in the form of a managed account. 3. Advisory Clients On a limited basis, BAAM provides investment advisory services regarding a Client’s hedge fund portfolio, and in certain instances other investments (an “Advisory Client”). Advisory Clients typically maintain discretion over their portfolios (i.e., the right to make all investment decisions). BAAM Funds, Customized Funds and Advisory Clients constitute BAAM’s Clients. Investors in BAAM Funds (“Investors”) are not deemed to be BAAM Clients but are entitled to the rights and benefits described in the applicable Confidential Offering Memorandum, Limited Partnership Agreements, Investment Management Agreements and other applicable constituent fund documents (the “Client Constituent Documents”). Investors invested in the Customized Funds and Advisory Clients generally are subject to a significantly higher minimum investment threshold than Investors invested in the Commingled Funds due to the customized investment mandates and individualized nature of other services provided. BAAM typically engages third party service providers, such as custodians, administrators and/or auditors, on behalf of the BAAM Clients other than for Advisory Clients or certain Customized Funds structured as managed accounts. Blackstone Alternative Asset Management L.P. Blackstone | 7