APPOMATTOX ADVISORY, INC

Appomatox Advisory, Inc. (“Appomatox” or the “Firm”) was founded in 2005 by Susan Webb to address a void in the market for client driven, multi-strategy portfolios with clear objectives for managing risk and return and providing conflict-free management and advice. Appomatox is an independent, woman -owned, SEC registered investment advisor offering customized investment management services to meet both the performance and risk objectives of our clients – endowments, foundations, families, pension funds, and family offices. The Firm is 100% owned by Susan Webb. 

Type of Services Offered: 

The Firm is the investment advisor or sub-advisor to the following funds (together, “the Funds”): Archway Appreciation Fund Limited (“AAF”), Archway Linse Cap F1, L.P., BHM Archway Feeder, L.P., Hatchlings Fund Ltd., MCP Linse Capital Fund I, Monticello Capital Partners Limited – Segregated Account MCP – Tiger PIP XI, and Monticello Capital Partners Limited – Segregated Account MCP – Tiger PIP XV. The Firm also serves as an Outsourced Chief Investment Officer managing global multi-asset portfolios (“OCIO Client” and together with the Funds, the “Client”); and as a manager of Specialized Mandates (private equity, credit portfolio, impact investing). Appomatox may also perform various other services upon request such as reviewing specific investment opportunities or providing our views on the market. For example, Appomatox Investment Committee Members may serve as advisory committee members of client invested funds. 

Tailoring of Services: 

Appomatox, where appropriate, will work with our OCIO Clients to tailor its investment management services to serve those clients’ needs. Factors that Appomatox will consider when tailoring investment management services include, but are not limited to the: 

-Risk/return appetite of the client, 

-Size and diversification of existing assets, 

-Liquidity constraints imposed by the client or other investments held by the client, 

-Cash requirements. 

Discretionary and Non-Discretionary Assets: 

In general, when Appomatox provides investment management services on customized portfolios that are non-discretionary, OCIO Clients may impose restrictions on certain investments. The breakdown of Firm assets under management (“AUM”) that are discretionary and non-discretionary are as follows (as of 12/31/2025): 

1. Discretionary - $ 97,168,784 

2. Non-Discretionary - $ 357,223,819