Experienced Senior Team Overview

Angelo Gordon Our Investment Philosophy ▪ Match money with opportunity on a timely basis ▪ Invest in inefficient markets to generate consistent, absolute returns ■ Conduct extensive research that will drive investment decisions ■ Protect capital through research, diversification, and the prudent use of leverage Our Culture ■ Respect our clients and treat them as our only priority ■ Conduct ourselves ethically and with integrity ▪ Collaborate across investment strategies and departments * As of March 31, 2020, excludes GP & Affiliates Totals may not sum due to rounding. AG Page 086 Insurance, 3% Taft, 2% SWF, 5% FOF, 6% E&F, 11% Our Clients* Corporate Pension, 16% Public Pension, 26% Corporate Non-Pension, 15% HNW/Family Office, 15% c Proprietary and Confidential Trade Secret 7

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