Linchris Capital Management, LLC

Linchris Capital Management, LLC, established in 2017, is a registered investment adviser specializing in providing advisory services primarily to pooled investment vehicles exempt from registration under the Investment Company Act of 1940. The firm, based in Plymouth, MA, manages approximately $528 million in client assets on a discretionary basis. Linchris charges management fees ranging from 0% to 1.50% of capital commitments and may receive performance-based compensation. The firm's investment strategy focuses on acquiring undervalued hotel assets to improve operations and profitability. Clients, including institutions and high net worth individuals, may have minimum commitment amounts ranging from $250,000 to $10 million. Linchris has adopted a Compliance Manual and Code of Ethics to ensure ethical conduct, including policies on personal trading and gifts. The firm does not engage in proxy voting and has custody of client funds due to its role as general partner or manager of the Funds. Linchris does not require advance fee payments and has a sound financial standing. No material legal or disciplinary events related to the firm have been reported.