HAWK RIDGE CAPITAL MANAGEMENT LP

Hawk Ridge Capital Management, L.P. (the “Investment Manager”), a Delaware limited partnership organized in March 2015, is the Investment Manager of the Funds and was hired as the Investment Manager of the Funds in July 2015. The Investment Manager is managed and controlled by Hawk Ridge Capital Management GP, LLC, which in turn is managed and controlled by David Brown. The Investment Manager is responsible for making all investment decisions for the Fund. In addition to reviews in the ordinary course of business, a review of an Advisory Client account may be triggered by any unusual activity or special circumstances, including, but not limited to: changes in market, economic, or legal or regulatory conditions, changes in information or other factors regarding a particular investment, purchase or sales of investments, and other similar developments and events. With respect to the Funds, an independent third-party administrator conducts independent monthly verification of Hawk Ridge’s pricing of its investments held by the Funds and prepares quarterly transparency reports to the Funds, that includes among other items, the percentage (if any) of the relevant Fund’s investments for which the independent third party was unable to verify prices.

Hawk Ridge seeks to achieve equity-like investment returns while taking on significantly less market risk than broad market indices through long and short investments in publicly traded equity securities, primarily in the United States and international developed equity markets. Hawk Ridge will seek to achieve its objectives through thoughtful, in-depth due diligence and bottom up, fundamental analysis of investments, including both quantitative valuation analysis and significant qualitative due diligence. In evaluating investments, a particular emphasis is placed on developing an independent perspective and conducting thorough interviews with management and third-party industry professionals coupled with the use of unique datasets to develop unbiased insights. The investment strategies are set forth in the respective offering materials and Governing Documents that are provided to investors. Hawk Ridge will be highly flexible in its ability to select and dispose of investments in response to market opportunities and other circumstances. Hawk Ridge adopts a fundamental approach to idea generation, focused on due diligence of individual companies, employing various screening techniques and automated methods of monitoring news headlines.

(Subscription Required)

(Subscription Required)