This message, including any attachments, may contain confidential, proprietary, legally privileged information or information that is exempt from disclosure under applicable law and is intended solely for the use of the addressee named above. No confidentiality or privilege is waived or lost by any misdirected transmission. If you are not the intended recipient of this message you must not disseminate, distribute, copy or take any action in reliance on this e-mail or any attachment. Please notify the sender immediately and please delete it from your system.

This communication is for information purposes only (i.e., shall not be used for any official purpose) and may not be relied upon in any manner as legal, tax or investment advice or as an offer to sell or the solicitation of an offer to buy an interest in any fund which can only be made by a private placement memorandum that contains important information about each fund’s risks, fees and expenses (the “Offering Materials”). The information and any opinions contained herein are as of the date of this message and the firm does not undertake any obligation to update them. The communication has not been provided in a fiduciary capacity, and it is not intended to be, and should not be considered as, impartial investment advice. Past performance is not a guide to or otherwise indicative of future results. Unless otherwise noted, all return information is net of fees and expenses, reflects the reinvestment of dividends and other earnings (where applicable) and are unaudited. All information contained in this communication is not warranted as to completeness or accuracy and is subject to change without notice. This email should be considered confidential, may not be reproduced in whole or in part, and may not be circulated or redelivered to any person without the prior written consent of the Mariner Investment Group, LLC (“MIG”) or one of its affiliates. Please note, MIG is associated or affiliated with several entities, including Mariner Investment Europe LLP (“MIE”), a firm authorized and regulated by the United Kingdom Financial Conduct Authority (MIG and MIE collectively referred to hereinafter as “Mariner”).

The fund(s) referenced in this communication are advised or otherwise managed by Mariner (e.g., the General Partner and certain of its partners, officers, directors and employees). Vigilant Distributors, LLC (“Vigilant” or the “Agent”) has been engaged as a placement agent by MIG for the funds referenced herein in the United States. Vigilant’s registered representatives who are involved in this activity are employees of, or otherwise associated with, Mariner, and they have a financial interest in the distribution of the securities offered by the fund(s). Notwithstanding the potential and actual conflicts of interests that may exist or arise from Vigilant’s business activities and relationship with the funds and investors whom Vigilant solicits, please note that all remuneration paid to Vigilant shall be paid by Mariner and not the fund(s)’ investors.  Additional information about Vigilant and potential and actual conflicts of interest are available from Vigilant upon request.

Products managed by Mariner are intended for sophisticated investors and these materials are intended solely for “Accredited Investors” within the meaning of Rule 501 of Regulation D under the U.S. Securities Act of 1933, as amended and “Qualified Purchasers” within the meaning of Section 2(a)(51) of the Investment Company Act of 1940 (or investors qualifying under equivalent standards under the laws of the jurisdictions of their residence). Any products or service referred to herein may not be suitable for any or all persons.

Disclosure of Risk Factors. An investment in a hedge fund involves a significant degree of risk, which each prospective investor must carefully consider. Returns generated from an investment in a hedge fund may not adequately compensate investors for the business and financial risks assumed. An investor in a hedge fund could lose all or a substantial amount of his or her investment. While hedge funds are subject to those market risks common to other types of investments, including market volatility, hedge funds employ certain trading techniques, such as, the use of leverage, and other speculative investment practices that may increase the volatility and overall risk of investment loss. The use of leverage may increase volatility and the overall risk of loss. Other risks associated with hedge funds include, but are not limited to, high fees (the higher fees may offset the fund’s trading profits), complex tax structures that may delay the distribution of important tax information, commodity interest trading which involves the potential for significant risk of loss, no requirement that periodic pricing or valuation reports be provided to investors, lack of regulatory requirements applied to mutual funds, limited operating history, performance that is volatile and illiquidity with no secondary market for an investors interest in a hedge fund and restrictions on transferring interests in the fund. In addition, a hedge fund may have a fund manager who has total trading authority over the fund and the use of advisers applying generally similar trading programs could mean a lack of diversification, and consequentially, higher risk. The foregoing is only a summary of certain risks associated with an investment in a hedge fund. Before making an investment in any fund, prospective investors are advised to thoroughly and carefully review the Offering Materials with their financial, legal and tax advisors to determine whether an investment is suitable for them.

Mariner, including its affiliates MIE and Portus Japan, Inc., does not guarantee that the integrity of this communication has been maintained, or that this communication is free of viruses, interceptions or interference. Mariner does not accept liability for any errors or omissions arising as a result of this transmission, or for any delay in its receipt or damage to your system. Thank you.