Cladrius Partners LLC

Cladrius Partners LLC, established in 2019, is a registered investment adviser specializing in providing advisory services to privately offered pooled investment vehicles. The firm's Chief Investment Officer and CEO, Dennis Ruggere, manages the day-to-day operations and investment program. Cladrius offers advisory services to Funds exempt from registration under the Investment Company Act of 1940, focusing on credit instruments, convertible securities, equity securities, and other global investments. As of December 31, 2023, Cladrius managed approximately $211,235,000 on a discretionary basis. The minimum subscription amount for investors in the Funds is generally $1 million, with variations disclosed in the relevant Fund documentation. Fees for investment advisory services are based on assets under management and are calculated quarterly in advance. Cladrius may waive or reduce fees for certain investors at its discretion. The firm has full discretionary authority over investment decisions for the Funds, aiming to maximize returns while preserving capital. Cladrius employs a Code of Ethics, allowing employees to maintain personal securities accounts subject to trading guidelines and restrictions. The firm reviews investments continuously to align with client objectives and votes proxies in the best interest of clients. Cladrius has no disciplinary information to disclose and maintains custody of client assets with qualified custodians. The firm has no financial commitments impairing its ability to meet obligations and has not undergone bankruptcy proceedings. For more detailed information, clients can request additional disclosures and financial statements from Cladrius.