A. General Description of Advisory Firm. Crawford Fund Management, LLC, a Delaware limited liability company (the "Adviser" or “CFM”), formed in June 2009 with offices in Boston, MA. The principal owners are Christopher L. Crawford, Jonathan R. Saunders, and Scott L. Utzinger. The Adviser provides, or may provide in the future, investment management services to U.S. limited partnerships and limited liability companies, non-U.S. limited partnerships and non- U.S. corporations (collectively, the "Private Funds” or the “Partnerships”), single investment special purpose investment vehicles and separately managed accounts, (the “SMA”) (collectively, with the Private Funds, the "Clients") based on their respective investment objectives. The Adviser tailors its advisory services as described in the investment program of the relevant Client's private placement memorandum, as set forth in such Client's organizational documents and/or as set forth in the investment management agreement with such Client. Currently, the Adviser provides investment management services to a Private Fund: Crawford Capital Partners, LP (“CCP LP” or “CCP”), a Delaware limited partnership and a European UCITS fund (“UCITS Fund”) (each a “Fund”, collectively, the “Funds”). The Adviser and its supervised persons provide non-discretionary investment management advice through a non-discretionary investment management agreement. B. Description of Advisory Services. The Adviser is principally focused on the management of CCP LP and the UCITS Fund, while working to achieve the investment objectives of the Funds. Those objectives are to compound capital at 10% per annum plus the 10-year Treasury yield over any rolling five- year period and to exceed the performance of the hedge-fund category over a full market cycle with lower volatility than the general equity market via a margin of safety on long investments

as well as selective, opportunistic and active short positions. CCP LP is also sensitive to minimizing short-term capital gains tax as a secondary objective. The investments of the SMA are managed pursuant to the terms of a separate Non- Discretionary Investment Management Agreement with the SMA (the “SMA Agreement”). Please see Item 8 for further details about our strategy. C. Availability of Customized Services for Individual Clients. The Adviser tailors its advisory services as described in the investment program of the relevant Client's private placement memorandum or as set forth in such Client's organizational documents (e.g., a Client's limited liability company agreement) and/or as set forth in the investment management agreement with such Client. In addition, the Adviser has the right to enter into agreements, such as side letters, with certain underlying investors of the Private Fund that may in each case provide for terms of investment that are more favorable to the terms provided to other underlying investors of the Private Fund. Such terms may include the waiver or reduction of management and/or incentive fees/allocations, the provision of additional information or reports, rights related to specific regulation requests of certain Clients, more favorable transfer rights, and more favorable liquidity rights. Persons reviewing this Form ADV Part 2A should not construe this as an offering of any Private Fund described herein, which will only be made pursuant to the delivery of a private placement memorandum to prospective investors. D. Wrap Fee Programs. The Adviser does not participate in wrap fee programs. E. Assets Under Management. As of December 31, 2022, the Adviser manages approximately $147.4 million in regulatory assets under management with $87.8 million on a discretionary basis and $59.6 million in assets on a non-discretionary basis. ITEM 5