Overview
                                    
                                    
                                        
                                            Adviser’s Advisory Business 
Verde Serviços Internacionais S.A. (“Verde” or “Adviser”), a corporation organized under the laws of 
Brazil, is an investment manager that provides direct investment management services for private 
investment companies as well as for accredited investors and qualified clients on a discretionary 
basis. Verde was established in 2014, and is wholly owned by Holding Verde Empreendimentos e 
Participações S.A. 
Types of Advisory Services Adviser Offers 
As of January 1, 2015, Verde started to serve as investment manager to a series of private investment 
companies  organized  as  Delaware  limited  liability  companies  and  Cayman  exempted  limited 
companies,  many  of  which  are  organized  as  part  of  master-feeder  structures  (the  “Funds”). 
Currently, Verde manages and provides investment advisory services to the following Funds: 
‣ Verde Alpha Fund, Ltd.; 
‣ Verde Global Equities Fund, Ltd.; 
‣ Verde Graal Fund, LLC; 
‣ Verde Directive Fund, Ltd.; 
‣ VP Fund, Ltd. 
‣ VA Fund Ltd. 
In addition, Verde provides investment management services to managed accounts. 
Interests  in  the  Funds  are  not  registered  securities  under  the  U.S.  Securities  and  Exchange 
Commission’s Securities
                                        
                                        
                                             Act of 1933, as amended. In addition, the Funds are not registered as an 
investment companies under the SEC’s Investment Company Act of 1940. Accordingly, interests in 
the  Funds  are  offered  and  sold  exclusively  to  investors  satisfying  the  applicable  eligibility  and 
suitability requirements in private transactions within the United States. 
Verde  provides  investment  management  services  to  its  clients  through  the  management  of 
investment portfolios in accordance with the objectives and guidelines  of the  private investment 
companies as stated in each Private Placement Memorandum or in accordance with the risk profiles 
of other clients. Verde‘s investment activities focus on investments in various kinds of assets and 
securities in G7 markets, the Brazilian market, the U.S. market and any other market that may fit 
within the Funds’ objectives and strategies described in their Private Placement Memoranda or other 
clients’ objectives and risk profile. 
Verde does not participate, sponsor or act as a portfolio manager for any wrap fee programs. 
Assets Under Management 
As of December 31, 2023, Verde had assets under management of approximately US$ 1,3 billion, 
all of which was managed on a discretionary basis.