VR Advisory Services Ltd, founded in March 1999, is an investment services firm that provides investment management services to investors through pooled investment vehicles, or more specifically, hedge funds. VR Advisory Services Ltd is itself advised by two affiliated sub-advisors established for operational and other purposes: (i) VR Advisory Services (USA) LLC and (ii) VR Advisory Services (UK) LLP (each, a “Relying Advisor”). Unless specifically noted otherwise, the responses to this Form ADV Part 2A combine information about VR Advisory Services Ltd and the Relying Advisors (together, “VR”). VR Advisory Services Ltd is under common control with each Relying Advisor, as all three entities are ultimately principally owned by VR Capital Holdings Ltd. via intermediate subsidiaries, including VR Capital Group Ltd., VR Capital Participation Ltd. and VR Capital (UK) Ltd, and all of these affiliates are indirectly controlled by Richard Deitz, our founder and Fund Manager. Currently, VR Advisory Services Ltd provides investment management services by acting as the General Partner and/or Investment Advisor to six hedge fund ‘clients’:  VR Global Partners, L.P.;  VR Global Offshore Fund Ltd.;  VR Global Onshore Fund, L.P.;  VR Argentina Recovery Fund II, L.P.;  VR Argentina Recovery Offshore Fund II Ltd.; and  VR Argentina Recovery Onshore Fund II, L.P. VR Global Offshore Fund Ltd. and VR Global Onshore Fund, L.P. (the “VR Global Feeder Funds”) have invested all of their respective investable assets in VR Global Partners, L.P., which is the ‘master fund’ in a master-feeder structure with an actively traded portfolio of assets in both emerging and developed markets, with a historically strong orientation towards emerging market issuers. VR Argentina Recovery Offshore Fund II Ltd. and VR Argentina Recovery Onshore Fund II, L.P. (the “VR ARF II Feeder Funds,” together with the VR Global Feeder Funds, the “VR Feeder Funds”) have invested all of their respective investable assets in VR

Argentina Recovery Fund II, L.P., which is the ‘master fund’ in a master-feeder structure with an actively-traded portfolio of assets of issuers located in and/or related to Argentina. On behalf of these hedge fund clients, we research, evaluate and execute investments in all kinds of assets including, but not limited to, debt and equity securities and derivatives, in accordance with each such client’s Limited Partnership Agreement or Memorandum & Articles of Association, as well as the investment strategies set forth in the Private Offering/Placement Memoranda of the VR Feeder Funds, and as described in more detail below within Item 8. Methods of Analysis, Investment Strategies and Risk of Loss. Investors should thoroughly review the relevant Limited Partnership Agreements, Memoranda & Articles of Association, and Private Offering/Placement Memoranda for additional detailed information for matters discussed in this brochure. We do not modify our securities recommendations to our clients according to the particular interests of our clients’ underlying investors, nor do we allow such ‘investors’ to place restrictions on the trading we conduct for our clients. From time to time, we enter into side letter agreements with certain investors that negotiate for such rights. Such side letters do not contain terms that would reasonably be expected to: (i) create conflicts with our fiduciary duties to our clients and their underlying investors; or (ii) provide any investor with more favorable treatment with regard to: (a) preferential economic terms or fees; (b) enhanced liquidity or redemption rights; or (c) material transparency into our clients’ portfolios. We do not participate in any wrap fee programs. As of February 29, 2024, VR managed approximately $6,363,700,000 in client assets on a discretionary basis (Regulatory Assets Under Management). Net asset value totaled approximately $,6,284,400,000. We do not manage any client assets on a non-discretionary basis.