9AT: ARDEA INVESTMENT MANAGEMENT

Adviser Profile

As of Date	09/26/2025
Registration	SEC, Approved, 03/19/2021
ADV Location	SYDNEY, NSW, Australia
Contact Info	61 xxxxxxx
Websites

AUM^*	6,295,389,602 -33%
of that, discretionary	6,295,389,602 -58%
Number of Employees	32 -26%
of those in investment advisory functions	26 8%
Private Fund GAV^*	0
Avg Account Size	572,308,146 -16%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm
- Outside the United States

Client Types

- Pooled investment vehicles
- State or municipal government entities
- Insurance companies
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser AROHI ASSET MANAGEMENT PTE LTD.	Hedge Fund740.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV740.5m	AUM1.1b	#Funds6
Adviser BOSERA ASSET MANAGEMENT (INTERNATIONAL) CO., LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM17.3b	#Funds-
Adviser SANTA LUCIA ASSET MANAGEMENT PTE. LTD.	Hedge Fund123.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV123.2m	AUM1.2b	#Funds1
Adviser FIRST SENTIER INVESTORS INTERNATIONAL IM LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM16.1b	#Funds-
Adviser TRUSTON ASSET MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM13.7b	#Funds-
Adviser FIRST SENTIER INVESTORS (HONG KONG) LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM32.9b	#Funds-
Adviser MORGAN STANLEY INVESTMENT MANAGEMENT LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund2.0b	Total Private Fund GAV2.0b	AUM174.5b	#Funds9
Adviser PGIM FUND MANAGEMENT LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund269.0m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV269.0m	AUM1.2b	#Funds4
Adviser JPMORGAN ASSET MANAGEMENT (UK) LIMITED	Hedge Fund219.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund5.6b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund11.2b	Total Private Fund GAV16.9b	AUM484.1b	#Funds14
Adviser CIBC GLOBAL ASSET MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund156.4b	Total Private Fund GAV156.4b	AUM162.8b	#Funds156

Brochure Summary

Overview

Founded in 2008, Ardea Investment Management Pty Limited (“Ardea” or the “Firm”) is one of Australia’s largest fixed income managers. Located in Sydney, the Firm is primarily employee owned, with Fidante Partners (“Fidante”) maintaining a strategic position. The Firm is regulated by the Australian Securities and Investment Commission as well as being registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment adviser. The Firm is a long term, fundamentally driven, value investor with a focus on liquidity and diversification. Advisory Services Ardea provides investment advisory services on a discretionary basis to offshore pooled investment vehicles (the “Offshore Funds”) and non-US separately managed accounts (the “SMAs”). Ardea also acts as a sub-adviser to one open- end investment company registered under the Investment Company Act of 1940 (the “US Client”). An unaffiliated manager serves as the investment adviser of the US Client. The Offshore Funds and SMAs, together with the US Client, are referred herein each as a “client” and collectively as the Firm’s “clients.” Certain personnel of a non-U.S. affiliate of the Firm provide investment advice and other services to the

US Client, pursuant to a participating affiliate agreement. This affiliate, Ardea Investment Management (UK) Limited, is deemed to be a “Participating Affiliate” of the Firm and such personnel are deemed to be “Associated Persons” of the Firm. The Participating Affiliate is not separately registered as an investment adviser in reliance on an SEC No-Action Letter (Uniao de Bancos de Brasileiros S.A., pub. avail. July 28, 1992) and related SEC guidance. The investment objective and strategy for each client is fully described in the relevant offering document or investment management agreement. Ardea’s investment advisory services are provided directly to the Offshore Funds and US Client and are not tailored to any individual underlying investors of these clients. The Firm manages the SMAs in accordance with negotiated guidelines and restrictions regarding investments and other investment criteria. These guidelines and restrictions are reflected in the investment management agreement between the Firm and the SMA. The US Client is currently the only client in which US investors may invest. The total amount of assets managed on a discretionary basis is approximately $15,022,536,212. The Firm does not manage any assets on a non-discretionary basis.

ARDEA INVESTMENT MANAGEMENT

ARDEA INVESTMENT MANAGEMENT

ASSET MANAGER

ARDEA INVESTMENT MANAGEMENT PTY LIMITED

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

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ARDEA INVESTMENT MANAGEMENT ARDEA INVESTMENT MANAGEMENT ASSET MANAGER ARDEA INVESTMENT MANAGEMENT PTY LIMITED

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

ARDEA INVESTMENT MANAGEMENT

ARDEA INVESTMENT MANAGEMENT

ASSET MANAGER

ARDEA INVESTMENT MANAGEMENT PTY LIMITED