alternative investment ADMINISTRATION OUR COMPANY ALPS administers more than 275 hedge funds, fund of funds §§ §§ and private equity funds across the United States, the British Virgin Islands and the Cayman Islands. ALPS is led by a senior management team with an average of 20 years’ experience in the hedge fund industry, with operations in Boston, Denver, Seattle, §§ §§ §§ New York and Toronto. §§ C 6 ation Survey dian Hedge Fund Administr sto 2010 THRU 2015 Global Cu SEATTLE 10500 N.E. 8th Street Suite 1000 Bellevue, WA 98004 425.454.3770 TEL 425.646.3440 FAX TORONTO 30 Adelaide Street East, 4th Floor Toronto, Ontario M5C 3G9 416.506.8305 TEL 866.573.0848 FAX NEW YORK 1177 Avenue of Americas, 5th Floor New York, NY 10036 646.452.7070 TEL www.alpsinc.com BOSTON One Financial Center 15th Floor Boston, MA 02111 617.426.1170 TEL 617.830.8908 FAX ^ As of July 31, 2015. OUR SERVICES FOR ALTERNATIVE INVESTMENTS INCLUDE §§ §§ §§ §§ §§ §§ OUR LOCATIONS DENVER 1290 Broadway Suite 1100 Denver, CO 80203 303.623.2577 TEL 303.623.7850 FAX RS MINISTRATOR TOP RATED HEDGE FUND AD T SECU IVE YEA ON Established in 1985 Over $542B^ in Client Assets serviced in divisions providing Fund Administration, Distribution and Advisory Solutions for the Investment Management Industry Approximately 530 Employees Tenure of our executive management team is 20 years Average tenure of our 22 directors at ALPS is over 12 years Annual Type II SSAE-16 SOC 1 report on internal controls and procedures (formerly known as SAS-70) Fund Inception Consultation Administration & Accounting Shareholder Services Middle Office Private Fund Distribution Solutions Regulatory Reporting OUR SUPPORTED FUND STRUCTURES §§ §§ §§ §§ §§ §§ §§ §§ Hedge Funds Private Long-Only Funds Fund of Hedge Funds Commodity Pools Private Equity Funds Venture Capital Funds Fund of Private Equity Funds Separately Managed Accounts ALP000662 6/30/2014 .