History of the Firm Gramercy is a dedicated emerging markets investment manager based in Greenwich, Connecticut with offices in London, Buenos Aires, Miami, West Palm Beach, and Mexico City, and dedicated lending platforms in Mexico, Turkey, Peru, Pan-Africa, Brazil, and Colombia. The Firm was founded in 1998 by Robert Koenigsberger, Managing Partner and Chief Investment Officer, and seeks to provide investors with a better approach to emerging markets, delivering attractive risk-adjusted returns supported by a transparent and robust institutional platform. Currently, the Firm manages assets across a range of alternative and long-only strategies across emerging markets asset classes including multi-asset, private credit, public credit, and special situations. Gramercy is a Signatory of The Principles for Responsible Investment (“PRI”), a Signatory to the Net Zero Asset Managers initiative (“NZAMI”) and a Supporter of the Task Force on Climate-Related Financial Disclosures (“TCFD”). Gramercy Ltd., an affiliate, is registered with United Kingdom Financial Conduct Authority (“FCA”). Ownership of the Firm While the Firm’s actual ownership is indirectly held by Robert Koenigsberger, Scott Seaman, San Bernardino County Employees’ Retirement Association and Kudu Investment Management LLC, Dr. Mohamed A. El-Erian, Chair of Gramercy, has a substantial ownership in Gramercy via synthetic equity. In addition, most Gramercy employees are granted synthetic equity in the Firm. Assets under Management As of December 31, 2023, Gramercy had approximately $7,074,339,005 of regulatory assets under management, all of which was managed on a discretionary basis. Description of Advisory Services For 26 years, Gramercy has provided investment advisory services and products to a variety of clients. Gramercy presently provides investment advisory services to domestic and offshore private investment vehicle clients (collectively, the “Funds”), as well as to separately managed accounts of institutional investors (e.g., pension plans, endowments, trusts) (collectively, the “Managed Accounts”). The Funds and the Managed Accounts focus primarily on emerging markets investment strategies. Gramercy serves as the managing member of, or investment adviser to, each of its Funds. With respect to each of

the Funds, Gramercy’s investment authority is set forth in the applicable governing documents. Gramercy also serves, from time to time, as the sub-adviser to certain investment vehicles, pursuant to which the scope of its investment authority is set forth in the sub-advisory agreements for such entities. Additionally, Gramercy manages assets for clients in the form of Managed Accounts. Managed Account clients enter into investment management agreements that authorize Gramercy to make investment decisions on behalf of the relevant Managed Account on a fully discretionary basis, subject to any restrictions contained in the investment management agreement or as otherwise agreed to with the Managed Account. Gramercy generally seeks to manage each Managed Account’s assets based upon the Managed Account’s particular investment guidelines, reporting requirements, desire to be an active investment participant, and other criteria. The Firm is capable of managing a portfolio according to complex, client-directed constraints and has developed an in-house compliance monitoring and reporting program to seek to ensure that it adheres to applicable guidelines. Gramercy provides advice to client accounts based upon their particular investment objectives and strategies. Under certain circumstances, Gramercy may agree to tailor advisory services to the individual needs of clients, but not to investors in the Funds. Clients may impose restrictions on investing in certain securities or certain types of securities. Please see Item 16 below for a more detailed description of how advisory services may be tailored for specific clients. In addition to the foregoing, Gramercy also provides advisory and consulting services to unaffiliated third party advisory clients (“Third Party Advisory Clients”) related to, among other things, strategic initiatives, transaction structuring and support, liquidity and investment management, and other areas in which Gramercy may have expertise. The services provided to, and objectives and mandates of such clients are memorialized in the services agreements by and between Gramercy and such Third Party Advisory Clients. None of the reported regulatory assets under management relate to any services agreements with such Third Party Advisory Clients. Gramercy does not participate in any wrap fee program.