AG Direct Lending SMA

ANGELO AG GORDON Industry Breakdown Healthcare is a vast industry; our exposure includes: . Medical devices Dental practice management Occupational and physical therapy clinics Dermatology clinics ■Healthcare: 35% Chemicals, Plastics, & Rubber: 5% Consumer Services: 4% ■Capital Equipment: 3% 17% 35% 3% 3% 3% 3% 4% Business Services: 14% ■ Software Services: 4% Durable Consumer Goods: 3% 4% 14% 4% 5% 5% ■Banking, Finance, Insurance & Real Estate: 3% Business services is also an expansive industry including exposure to businesses engaged in: ● ● Logistics Background screening Laundry service providers Wholesale Distribution: 5% Advertising, Printing & Publishing: 4% ■ Retail: 3% ■ Other Industries (less than 3% individually): 17% Note: Total committed positions as of October 31, 2021; includes all deals closed across the Twin BroPage 151m including predecessor funds. May not be representative of Fund IV. Proprietary and Confidential Trade Secret 27

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