Atlas FRM LLC (d/b/a Atlas Holdings LLC) (“Atlas”) is a private equity firm that specializes in control investments in distressed companies and situations as further described herein. Atlas has been in the investment advisory business since 2007. The principal owners of Atlas are Andrew Bursky and Timothy Fazio. Atlas’ investment advisory business is principally focused on providing advisory services to one or more pooled investment vehicles the “Direct Funds”) organized to make private equity investments in privately-held distressed middle-market companies whose complex problems mask their intrinsic value. The Direct Funds primarily seek to acquire controlling interests in middle-market companies undergoing financial or operational stress in sectors in which Atlas, its principals, Operating Partners (as defined below in “Item 5 - Fees and Compensation – Other Fees and Expenses”) and their respective affiliates have operating expertise. Such sectors principally include building materials, energy, capital equipment, chemicals, metal processing and fabrication, packaging, and paper products sectors, both as a manufacturer and as a service provider or distributor. The Direct Funds will invest in debt and equity securities, typically in complex environments, including bankruptcies, restructurings, reorganizations and corporate spin-offs. The Direct Funds also make “toe- hold” investments in public equity securities, equity like securities and debt securities in contemplation of larger privately negotiated transactions. In addition, the Direct Funds will further leverage Atlas’ experience and industrial and commercial insights by investing in public securities of companies in sectors of Atlas’ expertise, in some cases that are undergoing (or expected to undergo) operating stress or financial distress, as a means of achieving appreciation in value but not necessarily in contemplation of a larger privately negotiated transaction. Atlas Capital Resources I CF LP is a “continuation fund” that purchased a number of portfolio investments from Atlas Capital Resources LP, and as such, its investment activity will generally be limited to follow-on investments in such portfolio investments, subject to the terms of its Governing Documents (as defined below). Atlas also provides advisory services to a single fund-of-funds,

Atlas International Investors, LP (“Atlas International”), as well as single purpose investment entities that invest in, generally as non-control investors, early-stage technology companies (the “Atlas Innovation Entities” and, collectively with Atlas International, and the Direct Funds (as defined below), the “Atlas Funds”). Atlas International, which is past its investment period and has ceased making new investments, invested in third-party managed private equity funds that primarily targeted growth equity investments in international markets. Generally, a related person of Atlas acts as the general partner of each Atlas Fund, and Atlas (directly or indirectly through an affiliate) serves as investment adviser to each Atlas Fund. References to Atlas in this Brochure include, as the context requires, affiliates through which Atlas provides investment advisory services or that act in any capacity referenced in the previous sentence. Atlas tailors its advisory services to the specific investment objectives and restrictions of each Atlas Fund set forth in such Atlas Fund’s governing agreement and investment management agreement. Investors and prospective investors of each Atlas Fund should refer to the confidential private placement memorandum, limited partnership agreement, and/or other governing documents (collectively, the “Governing Documents”) of the applicable Atlas Fund for complete information on the investment objectives and investment restrictions with respect to such Atlas Fund. There is no assurance that the investment objectives of any Atlas Fund will be achieved. Atlas, the Atlas Funds and/or their general partners enter into “side letters” or similar agreements with certain investors pursuant to which such investor is granted specific rights, benefits, or privileges, and neither such side letters nor the rights, benefits or privileges granted thereunder are required to be made available to all investors (except as may be required by law or regulation). Atlas does not participate in any wrap fee programs. Atlas manages all client assets on a discretionary basis in accordance with the terms and conditions of each Atlas Fund’s Governing Documents. As of December 31, 2023, the amount of assets Atlas manages on a discretionary basis is $8,533,620,892.