Forest Avenue Capital Management LP (hereinafter “Forest Avenue”, the “Adviser”, “Investment Manager”, “we”, “us”, “our” or the “Firm”) is organized as a Delaware limited partnership with a principal place of business in Miami, Florida. Forest Avenue is controlled by its principal owner, Tarigh Yusufi (the “Principal”), who acts as the managing member of our general partner, Forest Avenue Capital Management GP LLC, a Delaware limited liability company. Forest Avenue provides discretionary investment management services to qualified investors through its private funds. We serve as the investment adviser, with discretionary trading authority, to private, pooled investment vehicles, the securities of which are offered to investors on a private placement basis. We do not tailor our advisory services to the individual needs of any particular investor. Forest Avenue manages the following private, pooled investment vehicles: 1. Forest Avenue Offshore Fund Ltd, a Cayman Islands exempted company (the “Offshore Fund”); 2. Forest Avenue Onshore Fund LP, a Delaware limited partnership (the “Onshore Fund”); and 3. Forest Avenue Master Fund LP, a Cayman Islands exempted limited partnership (the “Master Fund”). The Master Fund, the Onshore Fund and the Offshore Fund are herein each referred to as a “Fund” or “Client”, and collectively referred to as the “Funds” or the “Clients”. The Onshore Fund’s “Limited Partners” and the Offshore Fund’s “Shareholders” are hereafter collectively referred to as the “Investors” where appropriate. Forest

Avenue Funds GP LLC, a Delaware limited liability company, serves as the “General Partner” to the Master Fund and Onshore Fund. Our investment decisions and advice with respect to the Funds are subject to each Fund’s investment objectives and guidelines, as set forth in its respective “Offering Documents.” We do not currently participate in any Wrap Fee Programs. As of February 1, 2024, FAC has approximately $683,049,372 in Regulatory Assets Under Management (“RAUM”). All assets managed by Forest Avenue are currently on a discretionary basis; we do not expect to manage any assets on a non-discretionary basis. This Brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. The securities of the Funds are offered and sold on a private placement basis under exemptions promulgated under the Securities Act of 1933, as amended, and other applicable state, federal or non-U.S. laws. Significant suitability requirements apply to prospective investors in the Funds, including requirements that they be "accredited investors" as defined in Regulation D, "qualified purchasers" as defined in the Investment Company Act of 1940, or non-"U.S. Persons" as defined in Regulation S. Persons reviewing this Brochure should not construe this as an offer to sell or a solicitation of an offer to buy the securities of the Funds described herein. Any such offer or solicitation will be made only by means of a confidential private placement memorandum.