Description HG Vora commenced operations in April 2009. We were established to provide investment management services primarily to pooled investment vehicles. Our principal owner is Parag Vora (the “Principal”). Types of Advisory Services We are an investment management firm focused on event driven and value oriented strategies. We invest primarily in actively traded debt and equity instruments on a long and short basis. We also invest in less liquid opportunities for certain clients. We currently provide discretionary investment advisory services to twelve pooled investment vehicles (each, a “Fund” and collectively, the “Funds”). The Funds include:
• HG Vora Special Opportunities Fund LP, a Delaware limited partnership (the “Special Opportunities Onshore Feeder”);
• HG Vora Special Opportunities Fund, Ltd., a Cayman Islands exempted company (the “Special Opportunities Offshore Feeder”, and together with the Special Opportunities Onshore Feeder, the “Special Opportunities Feeders”);
• HG Vora Special Opportunities Master Fund, Ltd., a Cayman Islands exempted company (the “Special Opportunities Master Fund”, and collectively with the Special Opportunities Feeders, the “Special Opportunities Fund”), which serves as the master fund with an actively managed portfolio into which the Special Opportunities Offshore Feeder invests all of its investable assets, and the Special Opportunities Onshore Feeder invests substantially all of its assets;
• HG Vora Opportunistic Capital Fund LP, a Delaware limited partnership (the “Opportunistic Capital Onshore Feeder”);
• HG Vora Opportunistic Capital Fund (Cayman) LP, a Cayman Islands exempted limited partnership (the “Opportunistic Capital Offshore Feeder”, and together with the Opportunistic Capital Onshore Feeder, the “Opportunistic Capital Feeders”);
• HG Vora Opportunistic Capital Master Fund LP, a Cayman Islands exempted limited partnership (the “Opportunistic Capital Master Fund”, and collectively with the Opportunistic Capital Feeders, the “Opportunistic Capital Fund”), which serves as the master fund with a managed portfolio into which the Opportunistic Capital Feeders invest all of their respective investable assets;
• HG Vora Opportunistic Capital Fund II, LP, a Delaware limited partnership (the “Opportunistic Capital II Onshore Feeder”);
• HG Vora Opportunistic Capital Fund (Cayman) II LP, a Cayman Islands exempted limited partnership (the “Opportunistic Capital II Offshore Feeder”, and together with the Opportunistic Capital II Onshore Feeder, the “Opportunistic Capital II Feeders”);
• HG Vora Opportunistic Capital Master Fund II LP, a Cayman Islands exempted limited partnership (the “Opportunistic Capital II Master Fund”, and collectively with the Opportunistic Capital II Feeders, the “Opportunistic Capital II Fund”), which serves as the master fund with a managed portfolio into which the Opportunistic Capital II Feeders invest all of their respective investable assets;
• Downriver Series LP, a Delaware series limited partnership (the “Downriver Onshore Feeder”);
• Downriver SPC Ltd., a Cayman Islands exempted segregated portfolio company (the “Downriver Offshore Feeder”, and together with the Downriver Onshore Feeder, the “Downriver Feeders”); and
• Downriver Master Fund SPC Ltd., a Cayman Islands exempted segregated portfolio company (the “Downriver Master Fund”, and collectively with the Downriver Feeders, the “Downriver Fund”), which serves as the master fund with segregated portfolios comprising managed portfolios into which the corresponding series of the Downriver Onshore Feeder and the corresponding segregated portfolio of the Downriver Offshore

Feeder invest all of their respective investable assets. The General Partner of the Special Opportunities Onshore Feeder is HG Vora (GP) LLC (the “Special Opportunities GP”), the General Partner of the Downriver Onshore Feeder is Downriver (GP) LLC (the “Downriver GP”), the General Partner of each entity in the Opportunistic Capital Fund is HG Vora Opportunistic Capital (GP) LLC (the “Opportunistic Capital GP”), and the General Partner of each entity in the Opportunistic Capital II Fund is HG Vora Opportunistic Capital (GP) II LLC (the “Opportunistic Capital II GP”). The Downriver Fund is organized as a segregated portfolio platform through which investors will be offered the opportunity to participate in particular co-investment and/or special-situation opportunities. Each of the Downriver Feeders creates a separate series of interests or a segregated portfolio of shares, as applicable, for each investment opportunity, and these series and segregated portfolios invest all of their investable assets in a corresponding segregated portfolio of the Downriver Master Fund. The Downriver Feeders previously offered one series of interests/shares (Downriver Series LP – Portfolio A and Downriver SPC Ltd., for and on behalf of its Segregated Portfolio A) corresponding to one segregated portfolio of the Downriver Master Fund (collectively, “Downriver Series A”). Downriver Series A was wound down in 2021. The Downriver Feeders offered a second series of interests/shares (Downriver Series LP – Portfolio B and Downriver SPC Ltd., for and on behalf of its Segregated Portfolio B) corresponding to one segregated portfolio of the Downriver Master Fund (collectively, “Downriver Series B”). The Downriver Feeders offered a third series of interests/shares (Downriver Series LP – Portfolio C) corresponding to one segregated portfolio of the Downriver Master Fund (collectively, “Downriver Series C”). When the Downriver Fund offers additional segregated portfolios, each such segregated portfolio will be treated as a separate private fund client. All investment portfolios are managed in accordance with each respective private fund client’s confidential private offering memorandum and/or confidential explanatory memorandum and memorandum and articles of associated or limited partnership agreement, as applicable (“Offering Documents”). HG Vora does not tailor advisory services to the individual or particular needs of the investors in the Funds. Information about the Funds, including their investment objectives and strategies, is set forth in their respective Offering Documents. We have broad investment authority with respect to the Funds and since we do not provide individualized advice to the Funds’ investors, such investors should consider whether the investment objectives of the Funds are in line with their individual objectives and risk tolerance prior to investment. We also provide investment advisory services to separately managed accounts (the “Managed Accounts”). These advisory services are tailored based on each individual client’s needs pursuant to a written investment management agreement, which may contain restrictions on our ability to invest in certain securities or types of securities. As used herein, the term “client” generally refers to each Fund and each beneficial owner of a Managed Account. Wrap Fee Programs We do not participate in any wrap fee program. Assets Under Discretionary and Non-Discretionary Management As of February 29, 2024, we have regulatory assets under management managed on a discretionary basis of approximately $9,243,212,802. As of January 31, 2024, we have regulatory assets under management managed on a non-discretionary basis of approximately $10,951,504.