Ogborne Capital Management, Llc.

Ogborne Capital Management, LLC, established in September 2011, offers discretionary investment advisory services exclusively to privately offered pooled investment vehicles. The firm, led by Managing Member Michael Ogborne, manages $423,211,015 in discretionary regulatory assets under management as of December 31, 2024. Investors in the Funds must generally be high-net worth individuals or institutional investors, with an initial investment requirement of at least $5,000,000. Ogborne charges Fund investors a 1.5% annual management fee, payable quarterly, and a 20% annual performance fee based on net capital appreciation. The firm's investment strategy focuses on achieving attractive, risk-adjusted returns through long and short equity securities of publicly traded U.S. companies. Ogborne conducts fundamental research to identify investment opportunities, emphasizing undervalued businesses with growth potential. The firm may invest in any type of security and sector deemed appropriate for the Funds' objectives. Risks associated with investing in the Funds include interest rate risk, currency risks, use of leverage, high growth industry-related risks, and more. Ogborne has no disciplinary events, and its employees adhere to a Code of Ethics. The firm has discretion in selecting brokers based on best execution and may receive soft dollar benefits. Ogborne reviews Fund holdings regularly and provides audited financial statements to investors. The firm has custody of the Funds' assets, which are held by qualified custodians. Ogborne has discretionary authority over investment accounts and votes proxies in the best interest of the Funds.