Description of Firm SAF Advisors, LLC is a registered investment adviser primarily based in Palm Beach, FL. We are organized as a limited liability company ("LLC") under the laws of the State of Delaware. We have been providing investment advisory services in July 2017. We are primarily owned by Strategic Alternative Funds Group, LLC. which in turn is owned by Rafay Hassan.
The following paragraphs describe our services and fees. Refer to the description of each 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 "SAF", "we," "our," and "us" refer to SAF Advisors, LLC and the words "you," "your," and "client" refer to you as either a client or prospective client of our firm.
Portfolio Management Services SAF provides investment advisory services to private funds sometimes referred to as Conduit Funds. SAF frequently serves as the General Partner to various conduit funds. The conduit funds invest all of there investible assets in other funds (the "Underlying Fund"). "Investable assets" of the Conduit Fund means all of the assets of the Conduit Fund except those assets retained by the Conduit Fund, at the direction of the General Partner, to pay fees, expenses and other liabilities of the Conduit Fund. Investment advice is provided directly to the Conduit Funds, subject to the discretion and control of the applicable general partner or managing member, and not individually to the investors in Conduit Fund. Each of the Conduit Funds is exempt from registration under the Investment Company Act of 1940, as amended. The Conduit Funds' securities are not registered under the Securities Act of 1933, as amended. SAF's advisory services primarily include identifying underlying private equity, hedge fund, real estate, venture capital, and real asset funds with whom to invest the assets of its private funds. SAF may hire and fire any sub-adviser or underlying private equity, hedge, or other fund managers and pay a portion

of our advisory fee to the private funds or sub-adviser(s) we use. Each private fund is managed in accordance with the applicable Fund's confidential private placement memorandum (the "PPM").
The Private Funds managed by SAF were formed to pool investments of investors for the purpose of investing each such Fund's assets with private equity, hedge funds, or other private fund ("Underlying Funds") managed by third-party managers ("Underlying Managers") that are selected by SAF. Each Underlying Fund has its own PPM ("Underlying Fund PPM"), which includes important disclosures with respect to investment related risks, macroeconomic considerations, fees and other potential conflict issues, and such other disclosures as are determined appropriate by the Underlying Managers. These Funds permit investors to access private funds at investment minimums which may be lower than can otherwise be obtained. Please see applicable PPM for further information.
Each Fund is managed only in accordance with its own investment objectives and restrictions and is not tailored to any particular private fund investor (each an "Investor"). Since SAF does not provide individualized advice to investors, investors should consider whether a particular Fund meets their investment objectives and risk tolerance prior to investing. We do not permit Investors in the Funds to impose limitations on the investment activity described in the Funds' offering documents. Information about each Fund can be found in its offering documents, including its PPM and limited partnership agreement (the "LPA").
Wrap Fee Programs We do not participate in any wrap fee program. 4 Types of Investments We offer advice on interests in partnerships investing in Hedge Funds, Private Equity Funds, Real Estate Funds, Venture Capital and Real Asset Funds.
Assets Under Management We are a newly registered investment adviser that previously conducted business as an exempt reporting adviser with discretionary assets under management of $121,385,802.