Ascribe Capital LLC

ASBG LLC, established in 2006, specializes in managing private investment vehicles focused on stressed and distressed securities. The firm, with $1,087,806,747 in assets under management as of December 31, 2023, primarily invests in securities trading at distressed valuations. ASBG charges management fees up to 1.5% of invested capital and may waive or reduce fees at its discretion. The firm does not manage non-discretionary assets or participate in wrap fee programs. ASBG's investment strategy involves seeking investments in companies with over-leveraged capital structures that may benefit from restructuring. The firm's diligence process includes fundamental analysis and ongoing value maximization efforts post-investment. ASBG's investment professionals monitor investments continuously, with periodic reviews conducted by the investment committee. The firm has not been involved in any legal or disciplinary events. ASBG has custody of ASBG Funds' assets and exercises discretionary authority over investment decisions. The firm may vote on corporate actions on behalf of clients and has policies to ensure diligent and loyal voting practices. ASBG does not compensate individuals for client referrals and has policies to mitigate conflicts of interest related to personal trading and other compensation. Clients receive detailed financial statements and reports regularly.