9AT: MARINER INVESTMENT GROUP, LLC

Adviser Profile

As of Date	03/31/2026
Registration	SEC, Approved, 05/14/2003
ADV Location	NEW YORK, NY, United States
Contact Info	914 xxxxxxx
Websites

AUM^*	149,623,092,189 19%
of that, discretionary	149,623,092,189 19%
Number of Employees	146 16%
of those in investment advisory functions	91 32%
Private Fund GAV^*	124,074,523,207 27%
Avg Account Size	4,043,867,356 38%
SMA’s	Yes
Private Funds	37 1

Adviser Type

- Large advisory firm
- An investment adviser (or subadviser) to an investment company

Client Types

- Investment companies
- Pooled investment vehicles
- Pension and profit sharing plans
- Sovereign wealth funds and foreign official institutions

Advisory Activities

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

Compensation Arrangments

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

	Count	GAV
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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 MACKAY SHIELDS LLC	Hedge Fund12.0b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund255.5m	Total Private Fund GAV12.2b	AUM159.5b	#Funds25
Adviser AVENUE CAPITAL MANAGEMENT II, L.P.	Hedge Fund3.8b	Liquidity Fund-	Private Equity Fund1.0b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund122.3m	Total Private Fund GAV5.0b	AUM5.0b	#Funds40
Adviser AVENUE EUROPE INTERNATIONAL MANAGEMENT, L.P.	Hedge Fund3.9b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund35.6m	Total Private Fund GAV3.9b	AUM3.9b	#Funds19
Adviser MONARCH	Hedge Fund30.3b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund4.1b	Total Private Fund GAV34.4b	AUM16.7b	#Funds70
Adviser SILVER CREEK ADVISORY PARTNERS LLC	Hedge Fund7.3b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund3.3b	Total Private Fund GAV10.6b	AUM10.2b	#Funds28
Adviser GRANTHAM MAYO VAN OTTERLOO & CO LLC	Hedge Fund19.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV19.1b	AUM81.0b	#Funds46
Adviser TWO SIGMA INVESTMENTS, LP	Hedge Fund310.9b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV310.9b	AUM232.8b	#Funds63
Adviser NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST	Hedge Fund82.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV82.4m	AUM164.3b	#Funds9
Adviser BRIDGEWATER ASSOCIATES, LP	Hedge Fund105.1b	Liquidity Fund21.7b	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV126.8b	AUM150.2b	#Funds84
Adviser RENAISSANCE TECHNOLOGIES LLC	Hedge Fund106.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV106.4b	AUM96.4b	#Funds16

Brochure Summary

Overview

Mariner’s Business MIG, a Delaware limited liability company, is an alternative asset management firm found in December 1992 by William J. Michaelcheck. Mariner provides discretionary portfolio management and advisory services to institutional clients which are primarily privately-offered pooled investment vehicles (each, a “Fund,” or together the “Funds”) and, to a lesser extent other types of institutional investors such as insurance companies, endowments, foundations and plan sponsors via managed account agreements.1 Mariner is currently wholly owned by MIG Holdings, LLC, which is 100% owned by Mariner Employees2. Advisory Services Mariner serves as investment adviser to numerous funds (the “Mariner Funds3 ”) and separately managed accounts (the “Accounts”) (Collectively, Mariner Funds and Accounts are referred to herein as “Investment Advisory Accounts”). Mariner generally tailors its advisory services to the individual needs of its clients in Accounts and manages the Mariner Funds in accordance with the investment strategy of each and not based upon the individual needs of the investors in the Mariner Funds. Mariner Funds Mariner acts as investment adviser to several types of Mariner Funds, including:
• Hedge funds (the “Hedge Funds”) and private equity funds (the “Private Equity Funds”) that use various investment strategies to invest in securities and other investments (such as bonds, stocks, loans and derivatives); and,
• Funds for which portfolio managers (or traders) trade a separate account or “book” for those Funds in a multi-strategy, multi-trader format (collectively, the “Multi-Strategy Funds”). Please see Item 8 for information about the Mariner Funds’ investment strategies, investments in which those Funds invest, and risk factors associated with those strategies and investments. Each of the Mariner Funds rely on the exception from the definition of an “investment company” provided

by Section 3(c) (7) of the U.S. Investment Company Act of 1940, as amended (the “1940 Act”), except for Mariner Opportunities Fund, L.P. which relies on the exception from the definition of an “investment company” provided by Section 3(c) (1) of the 1940 Act and which is not currently being offered for new investment. Accounts Mariner also serves as investment manager to a limited number of Accounts for institutional investors, which Mariner usually manages side-by-side with Mariner Funds. 1 Mariner currently advises a few managed accounts on a discretionary and non-discretionary basis. 2 “Mariner Employees” include certain employees, their family members and trusts set up by such person. 3 “Mariner Funds” include feeder funds and master funds and may be referred to herein as Fund, Funds, Feeder Funds, Master Funds or Mariner Funds. Sub-Adviser Mariner serves as a sub-adviser to other investment advisers, including in limited cases Investment Managers to SEC registered comingled investment vehicles (e.g., mutual funds where MIG via a managed account arrangement serves as a sub-adviser). Client Restrictions Mariner generally permits its clients to impose restrictions on their Accounts (i.e., separately managed accounts) with respect to: (i) the specific types of investments or asset classes that Mariner will or will not purchase for their Accounts; (ii) the nature of the issuers of investments that Mariner will or will not purchase for their Accounts; and/or (iii) the risk profile of instruments Mariner will or will not purchase for their Accounts, or the risk profile of the Accounts as a whole. Client Assets As of December 31, 2023 (the “Reporting Date”), Mariner manages approximately $126 billion in Regulatory Assets Under Management (“RAUM”) and of that RAUM figure, Mariner manages $126 billion on a discretionary basis and approximately $3 million on a non-discretionary basis. As of the Reporting Date, Mariner’s Assets Under Management (“AUM”) was approximately $7.1 billion, and of that AUM figure, $7.1 billion was being managed on a discretionary basis and $3 million was being managed on a non-discretionary basis.

Adviser Profile

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