The Adviser Evergreen is an investment adviser organized as a Delaware limited liability company on August 20, 2020. Evergreen is wholly-owned by Willowbridge Holdings Group LLC. Evergreen and Willowbridge Holdings Group LLC are beneficially owned by Philip L. Yang. Mr. Yang serves as the Chief Investment Officer and Chairman of Evergreen. Evergreen is an asset management company that seeks to deliver long-term capital appreciation investment strategies. Evergreen offers discretionary investment advisory services to privately offered funds and to separately managed accounts for institutional investors. Evergreen is registered with the CFTC as a commodity trading adviser (“CTA”) and commodity pool operator (“CPO”) and a Member of National Futures Association (“NFA”). Advisory Services Evergreen seeks to provide investment advice to private investment funds and separately managed account clients . Funds and managed accounts are referred to collectively in this Brochure as “Clients” or “Accounts.” Evergreen implements its global macro investment strategies through a variety of financial instruments in accordance with agreed upon investment objectives and strategies of investment vehicles and portfolios. Under certain circumstances, Evergreen will tailor its advisory services to the individual needs or requirements of a Client. For example, certain investors impose restrictions on their managed accounts, such as prohibiting certain securities or certain types of securities, controlling sector and industry concentrations in their portfolios or directing Evergreen to trade in a particular manner or within a certain timeframe. Likewise, other Clients may request certain customization to address specific tax or investment needs. Private Investment Funds Evergreen provides investment and portfolio management services to affiliated private investment funds (each individually or

as the context requires a “Fund”, collectively the “Funds"). Separately Managed Accounts (“SMA”) Clients In addition to providing investment management services generally to private investment vehicles as described above, the Adviser offers and may from time-to-time provide investment management services to separately managed accounts for institutional investors (each individually or as the context requires a “SMA”, collectively the “SMAs”). Generally, an account minimum of $5 million is required for an SMA relationship, but Evergreen may modify such minimum amount in its discretion. The Adviser may manage the SMAs and employ strategies similar to those of the Funds. The Adviser may act as trading adviser to implement the investment strategy with investment discretion. For those SMA Clients which the Adviser has not been authorized with investment discretion, the Adviser will recommend investment opportunities. The Adviser’s advisory services are provided to its clients pursuant to the Funds’ relevant offering documentation or the separate account client’s investment advisory agreement and based on the investment objectives and strategies as disclosed therein. The advisory services each Client receives are tailored to their respective needs and specified investment objectives and strategies as set forth in each client’s offering documents or investment advisory agreements. Evergreen may agree in the investment management agreement with a Client to investment restrictions or guidelines as to the types or amounts of securities or other instruments that may be bought or sold for the Client’s account. Evergreen does not participate in wrap fee programs. Assets Under Management As of December 31, 2023, Evergreen manages approximately $204,882,000 in Regulatory Assets Under Management (as defined in Part 1 of Form ADV) all of which is managed on a discretionary basis.