Alta Fundamental Advisers LLC

Alta Fundamental Advisers LLC (AFA) is an investment adviser registered with the SEC since March 2025. Established in January 2013, AFA offers discretionary investment advisory services to U.S. and non-U.S. clients through private investment funds and separately managed accounts. Clients typically invest a minimum of $5,000,000 in the AFA Funds, which are not registered investment companies. AFA's investment objective is to achieve returns exceeding the risk-free rate by identifying global investment opportunities with intrinsic value and catalysts for unlocking that value. The firm primarily invests in loans, debt, equity securities, and other instruments, aiming for asymmetric risk-adjusted returns. AFA charges management fees ranging from 0.00% to 2.00% per annum and incentive allocations of 10% to 20% of net appreciation. The firm may use soft dollars for research services and brokerage execution. AFA has a Compliance Manual and Code of Ethics to ensure compliance with securities laws and fiduciary duties. The firm does not have custody of client assets and maintains them with qualified custodians. AFA has no disciplinary history and does not participate in wrap fee programs. Clients receive regular reporting and financial statements, and AFA has no financial commitments impairing its ability to meet obligations. The firm has full investment discretion and votes proxies on behalf of clients. AFA's financial information indicates financial stability and no bankruptcy proceedings.