ERNST AND YOUNG

TORONTO, Virginia, United States PCAOB Registered

Funds Audited

177

Total GAV

$181B

Funds Audited

Fund Name	Adviser	Type	GAV
WAHA INVESTMENT MANAGEMENT COMPANY SPC - WAHA MENA EQUITY FUND SP	WAHA INVESTMENT PJSC	Hedge Fund	$1B
BROADRIVER III, L.P.	BROADRIVER ASSET MANAGEMENT, L.P.	Other Private Fund	$905.2M
CHEYNE DYNAMIC CREDIT FUND ICAV	CHEYNE CAPITAL MANAGEMENT (UK) LLP	Hedge Fund	$833M
LANDMARK EQUITY PARTNERS XVII-B, L.P.	ARES MANAGEMENT LLC	Hedge Fund	$813.8M
LANDMARK EQUITY PARTNERS XVII-B, L.P.	ARES MANAGEMENT LLC	Hedge Fund	$813.8M
LANDMARK EQUITY PARTNERS XVII-B, L.P.	ARES MANAGEMENT LLC	Hedge Fund	$813.8M
LANDMARK EQUITY PARTNERS XVII-B, L.P.	ARES MANAGEMENT LLC	Hedge Fund	$813.8M
LANDMARK EQUITY PARTNERS XVII-B, L.P.	ARES MANAGEMENT LLC	Hedge Fund	$813.8M
THE BLACK ANT VALUE MASTER FUND	THE BLACK ANT GROUP LLP	Hedge Fund	$727.7M
ARES US REAL ESTATE OPPORTUNITY FUND IV, L.P.	ARES MANAGEMENT LLC	Hedge Fund	$726M
ARES US REAL ESTATE OPPORTUNITY FUND IV, L.P.	ARES MANAGEMENT LLC	Hedge Fund	$726M
ARES US REAL ESTATE OPPORTUNITY FUND IV, L.P.	ARES MANAGEMENT LLC	Hedge Fund	$726M
ARES US REAL ESTATE OPPORTUNITY FUND IV, L.P.	ARES MANAGEMENT LLC	Hedge Fund	$726M
ARES US REAL ESTATE OPPORTUNITY FUND IV, L.P.	ARES MANAGEMENT LLC	Hedge Fund	$726M
HORSEMAN GLOBAL FUND LTD	RUSSELL CLARK INVESTMENT MANAGEMENT LIMITED	Hedge Fund	$710M
CHEYNE TOTAL RETURN CREDIT FUND JUNE 2027 MASTER ICAV	CHEYNE CAPITAL MANAGEMENT (UK) LLP	Hedge Fund	$702.6M
LANDMARK EQUITY PARTNERS XVII-B, L.P.	ARES MANAGEMENT LLC	Hedge Fund	$677.2M
LMR GLOBAL OPPORTUNITIES MASTER FUND	LMR PARTNERS LLP	Hedge Fund	$672.4M
ARES US REAL ESTATE OPPORTUNITY FUND IV, L.P.	ARES MANAGEMENT LLC	Hedge Fund	$502M
PAMPLONA CREDIT OPPORTUNITIES FUND LP	PAMPLONA CREDIT OPPORTUNITIES INVESTMENTS LIMITED	Hedge Fund	$476M
ALCAZAR ENERGY PARTNERS II SLP (SCSP)	ALCAZAR ENERGY MANAGEMENT SERVICES L.L.C-FZ	Private Equity Fund	$473.1M
CX PARTNERS FUND 1 LIMITED	CX CAPITAL MANAGEMENT LIMITED	Private Equity Fund	$470.1M
PAMPLONA CREDIT OPPORTUNITIES FUND LP	PAMPLONA CREDIT OPPORTUNITIES INVESTMENTS LIMITED	Hedge Fund	$452M
CASTLELAKE V DISLOCATED OPPORTUNITIES, L.P.	CASTLELAKE, L.P.	Private Equity Fund	$448.7M
XPV WATER EXTENDED VALUE FUND LP	XPV WATER PARTNERS INC.	Private Equity Fund	$429.5M