STANLEY CAPITAL MANAGEMENT, LLC

Stanley Capital Management, LLC is a registered investment adviser with the Securities and Exchange Commission (the “SEC”) under the Advisers Act of 1940 (the “Advisers Act”). Stanley Capital pursues its investment strategy through managing the Fund. Stanley Capital has discretion with respect to investment decisions made for the Fund. Stanley Capital provides investment advisory services to the Fund based on the particular investment objectives and strategies described in the Fund's confidential offering memorandum (if any) and governing documents (referred to collectively as "Offering Documents"). Currently, Stanley Capital provides specialized advisory services to the Fund which are based on Stanley's qualitative and quantitative analysis to select long and short equity investments for the Fund.

Stanley Capital's investment methodology focuses on exploiting the divergence between a security's trading value and its intrinsic value over the long term. They believe their edge lies in their experience in business analysis and valuation, proprietary intrinsic value database, and long-term investment horizon. Stanley Partners Fund's investment strategy involves maintaining a net long position of up to 100%, adjusting its portfolio architecture to align with market opportunities. They typically favor a concentrated portfolio of researched equity investments during volatile markets and adopt a market-neutral posture when hedging market volatility is deemed beneficial for achieving long-term capital appreciation. In selecting long investments, they emphasize specific characteristics, while in selecting short investments, they employ a fundamental research process to identify unpaired shorts or correlated pairs of investments with favorable risk-return profiles.

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