Albourne America LLC, which we refer to in this brochure as “Albourne,” the “firm,” “us,” “our” or “we,” formed its business in 2001. Albourne’s ultimate parent company, Albourne Partners Limited, located in London, United Kingdom, was established in March 1994. Albourne is a California limited liability company with its principal place of business in San Francisco, California. Albourne also has an office in Stamford, Connecticut. Albourne is a specialist consultant that provides non-discretionary investment advice to sophisticated clients with a primary focus on providing advice on complex assets, such as hedge funds, private equity funds, private credit funds, real assets funds, real estate funds and dynamic beta products. Albourne’s advice is limited to complex assets. Albourne is a wholly-owned subsidiary of Albourne Partners (International) Limited, which, in turn, is a wholly-owned subsidiary of Albourne Partners Limited. In this brochure, we refer to Albourne and its affiliates as the Albourne Group. Albourne Partners Limited is 100% owned by Albourne Group employees, two retired employees and the Albourne Employee Benefit Trust, which holds shares of Albourne Partners Limited in trust for the benefit of certain current and former Albourne Group employees and their family members. Simon Ruddick, who serves as the Chairman of the Albourne Group and a manager of Albourne, is a principal owner of Albourne through his ownership of shares in Albourne Partners Limited. With respect to alternative investment funds, Albourne offers its clients advisory services regarding portfolio construction, manager monitoring, manager selection, investment and operational due diligence, strategy/industry research, portfolio performance monitoring and risk management. With respect to dynamic beta products, Albourne

offers its clients advisory services regarding portfolio construction, investment and operational due diligence, strategy/industry research and risk management. Albourne also advises its clients on customized fund investments and co-investment opportunities offered by alternative investment fund managers. Albourne can tailor its services, such as its investment recommendations and advice on strategy composition and investment allocation size, to account for a client’s specific portfolio and investment goals or a client’s investment constraints. The firm also provides non-customized investment advice on alternative investments through its non-public, proprietary database that contains the Albourne Group’s due diligence research reports on hedge funds, private equity funds, private credit funds, real assets funds, real estate funds and dynamic beta products. While the decision to purchase or sell any security is solely at the discretion of the client, we also offer clients the following implementation support services: (a) advice to clients on how to improve or streamline their internal investment and operations processes; (b) middle office project management assistance and business advice (excluding legal or tax advice) on alternative investment fund subscription documents and related side letters; (c) back office support related to portfolio reporting, reconciliation of alternative investment fees and portfolio net asset values and other investment operations support functions; and (d) assistance with the negotiation of alternative investment fund fee terms. Albourne does not: (a) control or manage clients’ investment assets on a discretionary basis, (b) arrange or effectuate the purchase or sale of any securities for clients, (c) hold or have custody of clients’ assets or (d) participate in wrap fee programs.