Jain Global LLC

General Description of the Advisory Firm

Jain Global is a Delaware limited liability company formed in 2023. Jain Global is wholly owned by a holding company, Jain Holdings LLC, a Delaware limited liability company (“Jain Holdings”). Robert “Bobby” Jain (the “Principal Owner”), is the managing member and principal owner of Jain Holdings and therefore controls Jain Global. Jain Global is headquartered in New York City and also has other U.S. offices in Greenwich, Connecticut and Houston, Texas, as well as non-U.S. offices in London, Hong Kong and Singapore (each non-U.S. office is operated by a Relying Adviser, as described below). Jain Global GP LLC (the “Multi-Strategy General Partner”), a Delaware limited liability company, is an affiliate of Jain Global and serves as the general partner of the Domestic Multi-Strategy Feeder Fund (as defined below). Jain Global Strategic Transactions GP LLC (the “STF General Partner”, and, together with the Multi-Strategy General Partner, the “Fund General Partners”), a Delaware limited liability company, is an affiliate of Jain Global and serves as the general partner of the Domestic STF Feeder Fund (as defined below). Jain Global provides all of the Fund General Partners’ facilities and personnel. The Principal Owner, indirectly through certain vehicles, including certain estate planning vehicles, owns and controls the Fund General Partners. The following entities are owned and controlled by Jain Global, are engaged as sub-advisers to the Funds, and are listed as relying advisers on Schedule R of Form ADV, Part 1A (collectively, such entities, the “Relying Advisers”): (i) Jain Global (UK) Partners LLP, a limited liability partnership incorporated in England and Wales, which is authorized and regulated by the Financial Conduct Authority; (ii) Jain Global (Singapore) Pte. Ltd., a private company limited by shares incorporated in Singapore, which holds a capital markets services license for fund management issued by the Monetary Authority of Singapore; (iii) Jain Global (Hong Kong) Limited, a limited company incorporated in Hong Kong, which is licensed by the Securities and Futures Commission of Hong Kong to carry out Type 1 (dealing in securities), Type 2 (dealing in futures contracts) and Type 9 (asset management) regulated activities; and (iv) Jain Global (Jersey) Limited, a limited company incorporated in Jersey, Channel Islands that is authorized and regulated by the Jersey Financial Services Commission. Jain Global may engage other sub-advisers in the future. This Brochure covers Jain Global, the Fund General Partners and the Relying Advisers; however, where the qualifications and business practices of the Fund General Partners and the Relying Advisers are substantially similar to those of Jain Global, no specific mention of the Fund General Partners or the Relying Advisers is made herein. As used in this Brochure, the “Management Group Entities” includes Jain Global, the Fund General Partners, and any other affiliated entity that is substantially owned and/or controlled by the Principal Owner (including, without limitation, the Relying Advisers). The “Management Group Personnel” includes the (i) the Principal Owner, (ii) any member of an Internal Investment Team (as defined below) and (iii) any other member, partner, director, manager, shareholder, officer, employee, representative, advisor, consultant, contractor, principal or agent of the Management Group Entities. B.

Description of Advisory Services

This Brochure generally includes information about Jain Global’s relationships with its clients. Jain Global serves as the investment adviser, with discretionary investment authority, to private pooled investment vehicles, the securities of which are offered to investors on a private placement basis (each, a “Fund” and

collectively, the “Funds”). Please note that all references to Jain Global’s “clients” in this Brochure relate to the Funds, unless otherwise specified. The Funds include: 

Jain Global Onshore Fund LP, a Delaware limited partnership (the “Domestic Multi-Strategy Feeder Fund”);

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Jain Global Offshore Fund Ltd, a Cayman Islands exempted company (the “Offshore MultiStrategy Feeder Fund”, and, together with the Domestic Multi-Strategy Feeder Fund, the “MultiStrategy Feeder Funds”);

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Jain Global Offshore Intermediate Fund Ltd, a Cayman Islands exempted company (the “MultiStrategy Intermediate Fund”); and

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Jain Global Master Fund Ltd, a Cayman Islands exempted company (the “Multi-Strategy Master Fund”, and, together with the Multi-Strategy Feeder Funds and the Multi-Strategy Intermediate Fund, the “Multi-Strategy Funds”);

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Jain Global Strategic Transactions Onshore Fund LP, a Delaware limited partnership (the “Domestic STF Feeder Fund”);

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Jain Global Strategic Transactions Offshore Fund LP, a Cayman Islands exempted limited partnership (the “Offshore STF Feeder Fund”, and, together with the Domestic STF Feeder Fund, the “STF Feeder Funds”);

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Jain Global Strategic Transactions Intermediate Fund LP, a Cayman Islands exempted limited partnership (the “STF Intermediate Fund”); and

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Jain Global Strategic Transactions Master Fund LP, a Cayman Islands exempted limited partnership (the “STF Master Fund”, and, together with the STF Feeder Funds and STF Intermediate Fund, the “STF Funds”).

In order to effect the Multi-Strategy Feeder Funds’ investment objective, Jain Global invests the MultiStrategy Feeder Funds’ capital through a “master-feeder” fund structure in the Multi-Strategy Master Fund. The Domestic Multi-Strategy Feeder Fund invests directly in the Multi-Strategy Master Fund. The Offshore Multi-Strategy Feeder Fund invests in the Multi-Strategy Intermediate Fund, and the Intermediate Fund invests in the Multi-Strategy Master Fund. In order to effect the STF Feeder Funds’ investment objective, Jain Global invests the STF Feeder Funds’ capital through a “master-feeder” fund structure in the STF Master Fund. The Domestic STF Feeder Fund invests directly in the STF Master Fund. The Offshore STF Feeder Fund invests in the STF Intermediate Fund, and the STF Intermediate Fund invests in the STF Master Fund. This Brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. The securities of the Funds are offered and sold on a private placement basis under exemptions promulgated under the Securities Act of 1933 and other applicable state, federal or non-U.S. laws. Suitability requirements apply to prospective investors in the Funds, including requirements that they be “accredited investors”, as defined in Regulation D, “qualified purchasers”, as defined in the Investment Company Act, or non-“U.S. Persons” as defined in Regulation S. Persons reviewing this Brochure should not construe this as an offer to sell, or a solicitation of an offer to buy, the securities of any of the Funds described herein. Any such offer or solicitation will be made only by means of a confidential private placement memorandum and governing documents for the applicable Fund (collectively, the “Offering Documents”).

The Multi-Strategy Feeder Funds pursue a substantially similar investment program that is effected through a master-feeder fund structure. The investment objective of the Multi-Strategy Feeder Funds is to deliver attractive risk-adjusted returns in all market environments. Jain Global seeks to achieve such investment objective by investing primarily across the following investment strategies: fundamental equities, rates and macro, equity arbitrage, credit, systematic and commodities investment strategies, each of which is described in more detail in Item 8 below. The STF Feeder Funds pursue a substantially similar investment program that is effected through a masterfeeder fund structure. The investment objective of the STF Feeder Funds is to deliver attractive riskadjusted returns. Jain Global seeks to achieve such investment objective primarily through investment of the STF Feeder Funds’ assets in significant risk transfer (“SRT”) and other bank derisking and capital relief transactions such as credit valuation adjustment (“CVA”) hedges and other transactions offlaying risk on risk weighted asset heavy positions on bank balance sheets. In addition, the STF Funds will pursue other liquid opportunities in collateralized debt obligation (“CDO”) tranches, bank debt and Additional Tier 1 (“AT1”) securities and bank dividends. Jain Global allocates capital to investment personnel employed by one of more Management Group Entities (“Internal Investment Teams”) to invest in a range of investment strategies generally organized across different business lines. Jain Global allocates a portion of the Multi-Strategy Funds’ capital to external investment personnel employed by unaffiliated investment managers (“External Investment Teams”, collectively with Internal Investment Teams, “Investment Teams”), and such External Investment Teams may pursue a range of investment strategies on behalf of the Multi-Strategy Funds. Please review Item 8.A for more detailed information regarding Jain Global’s investment strategies and the Investment Teams. The descriptions set forth in this Brochure of specific investment strategies in which Jain Global, on behalf of the Funds, may engage, or specific investments the Funds may make, should not be understood to limit in any way Jain Global’s, or the Funds’, investment activities. Jain Global, on behalf of the Funds, may engage in any investment strategy and make any investment, including any not described in this Brochure, that Jain Global considers appropriate to pursue each Fund’s investment objective. Over time, the investment strategies employed by Jain Global on behalf of the Funds are expected to expand, evolve and change, perhaps materially. Jain Global’s investment program is speculative and entails substantial risks. There can be no assurance that the investment objective of the Funds will be achieved. C.

Availability of Customized Service for Individual Clients

Jain Global’s investment decisions and advice with respect to each Fund will be subject to each Fund’s investment objective and strategies, as set forth in applicable Offering Documents. D.

Wrap Fee Programs

Jain Global does not participate in any Wrap Fee Programs. E.

Assets Under Management

Jain Global manages, on a discretionary basis, approximately $32,392,342,398 of regulatory assets under management, determined as of December 31, 2025. Jain Global does not manage any assets on a nondiscretionary basis.

Advisory Fees and Compensation

Jain Global does not currently have a general fee schedule. Fees and expenses associated with an investment in the Funds are set forth in the Offering Documents for each Fund. The Fund General Partners (or their affiliates) will receive performance-based compensation from the Multi-Strategy Funds and the STF Funds (the “Incentive Allocation”). The STF Funds pay a management fee to Jain Global (the “STF Management Fee”). Terms of the STF Management Fee are detailed in the STF Funds’ Offering Documents. B.

Payment of Fees

The Multi-Strategy Funds and the STF Funds both allocate an Incentive Allocation to their respective Fund General Partners (or their affiliates) on an annual basis or upon an investor’s withdrawal or redemption from the applicable Fund. For the Multi-Strategy Funds, the Incentive Allocation is deducted from the assets of the Domestic Multi-Strategy Feeder Fund and the Multi-Strategy Intermediate Fund (i.e., indirectly from the Offshore Multi-Strategy Feeder Fund) and reallocated to the Multi-Strategy General Partner. For the STF Funds, the Incentive Allocation is deducted from the assets of the STF Master Fund (i.e., indirectly from the STF Feeder Funds) and reallocated to an affiliate of the STF General Partner. The Domestic STF Feeder Fund and the STF Intermediate Fund (i.e., indirectly, the Offshore STF Feeder Fund) pay Jain Global the STF Management Fee, which is calculated and paid in advance on the first day of each calendar quarter. Installments of the STF Management Fee payable for any period other than a full calendar quarter will be adjusted on a pro rata basis according to the actual number of days in such period. C.

Additional Fees and Expenses

Each Multi-Strategy Fund bears all of its expenses and its share of each Multi-Strategy Master Fund’s direct and indirect expenses (collectively, the “Multi-Strategy Fund Expenses”), in each case, including such expenses incurred at or prior to the formation of the Multi-Strategy Funds and prior to the initial closing of the Multi-Strategy Funds. Indirect Multi-Strategy Fund Expenses include the expenses of any MultiStrategy Fund, including any Fund formed in the future. The types of expenses that are borne directly and indirectly by the Multi-Strategy Funds are not limited and will include any expenses related to the MultiStrategy Funds, as well as Investment Adviser Pass-Through Multi-Strategy Fund Expenses (as defined below). The Multi-Strategy Funds do not pay a management fee to Jain Global. Instead, the Multi-Strategy Funds are responsible for paying, either directly or by reimbursing the Management Group Entities, for all manner of start-up, ongoing operational and other expenses of the Management Group Entities related to the MultiStrategy Funds, including, for the avoidance of doubt, routine expenses, extraordinary expenses, operating expenses and capital expenditures of all types, and compensation expenses of Management Group Personnel for the Multi-Strategy Funds (collectively, the “Investment Adviser Pass-Through MultiStrategy Fund Expenses”), in each case, including such expenses incurred at or prior to the formation of the Funds and prior to the initial closing of the Funds. The following descriptions of the Multi-Strategy Fund Expenses and Investment Adviser PassThrough Multi-Strategy Fund Expenses are a high-level summary, and do not reflect every type of Multi-Strategy Fund Expense or Investment Adviser Pass-Through Multi-Strategy Fund Expense that may be borne by the Multi-Strategy Funds as contemplated currently or as may exist in the future. The Multi-Strategy Funds’ Offering Documents contain specific disclosures listing

representative categories of expenses that the Multi-Strategy Funds will bear, and those disclosures should be reviewed carefully. All statements herein relating to expenses borne by the Multi-Strategy Funds are qualified in their entirety by the Multi-Strategy Funds’ Offering Documents. The description below applies to the Multi-Strategy Funds—the STF Funds have materially different expense terms, which are detailed in the Offering Documents. Please see disclosures below regarding the allocation of expenses among the STF Funds and the Multi-Strategy Funds. Examples of Multi-Strategy Fund Expenses include: (i) organizational and offering expenses of the MultiStrategy Funds (including organizational expenses, initial and ongoing expenses incurred in connection with the offer and sale of interests and legal fees and other expenses related to the documentation and negotiation of definitive agreements with certain investors, if applicable); (ii) investment-related expenses (including all fees, costs and expenses related to investment and trading activities of the Multi-Strategy Funds, investments in Third-Party Portfolio Funds (as defined in Item 8.A below), costs associated with recruiting, retaining and compensating External Investment Teams and fees, costs and expenses relating to or otherwise arising from the Multi-Strategy Funds’ borrowings and other forms of financing); (iii) fees, costs and expenses relating to data, research and technology (including costs related to data acquisition and use, expenses related to research, diligence, implementation, maintenance, monitoring and development of investment strategies employed on behalf of the Multi-Strategy Funds and data center and other technologyrelated expenses); (iv) fees, costs and expenses associated with the Multi-Strategy Funds’ administrator, as well as accounting, taxes and tax preparation, audits and preparation of audited financial statements, valuation and proxy service providers and insurance expenses; (v) fees and expenses associated with any board of directors or advisory committee or advisory board of the Multi-Strategy Funds; (vi) fees, costs and expenses related to legal, tax and regulatory affairs (including regulatory licensing of the Multi-Strategy Funds and/or Management Group Entities, compliance with applicable laws, costs of indemnification or contribution pursuant to the Offering Documents, any sub-advisory agreements or other agreements and the costs of litigation, arbitration, regulatory examinations and governmental investigations or similar proceedings); and (vii) other fees, costs, charges and expenses associated with or relating to the business, affairs, governance and/or operations of the Multi-Strategy Funds. Examples of Investment Adviser Pass-Through Multi-Strategy Fund Expenses are expected to include the allocable portion related to the Multi-Strategy Fund of the Management Group Entities’ fees, costs and/or expenses (as applicable) associated with: (i) office and overhead (including office rent, supplies and ordinary-course financing of the Management Group Entities); (ii) compensation of Management Group Personnel, including salaries and base compensation (as well as associated payroll taxes), bonuses (including bonuses paid or allocated to Internal Investment Teams based on the investment performance of their respective portfolios net of any expenses allocated to such Internal Investment Teams in Jain Global’s sole discretion, which bonuses, for the avoidance of doubt, are separate from the Incentive Allocation), other payments to Management Group Personnel, benefits for Management Group Personnel and human resources and personnel recruitment fees and expenses; (iii) taxes, fees, duties and other governmental charges; (iv) ordinary course legal, tax, accounting, audit, regulatory, administrative, operating, governance, risk management and compliance expenses (including expenses related to obtaining and maintaining registrations and licenses (or exemptions from registration and licensing requirements)); (v) expenses and liabilities of the Management Group Entities, including those associated with litigation, arbitration, regulatory examinations, governmental investigations or similar proceedings; (vi) indemnification of any person under any agreement with a Management Group Entity, subject to limitations set forth in the Offering Documents; (vii) establishment (e.g., “start-up”), organization, structuring, operation and administration of the Management Group Entities, as well as related restructurings, amendments, reorganizations or terminations; (viii) technology and software, including platform buildout, operation, maintenance and other technology costs; (ix) service providers of the Management Group Entities, including all legal, accounting, auditing, administrative and other professional services (including

consulting services), relating to activities of any of the Management Group Entities and due diligence of such service providers; and (x) travel by Management Group Personnel. From time to time, any Management Group Entity or Management Group Personnel may elect to bear certain expenses on behalf of the Funds that are Multi-Strategy Fund Expenses or Investment Adviser PassThrough Multi-Strategy Fund Expenses. Such Management Group Entity or Management Group Personnel will not have any obligation to bear such expenses and may elect at any time (in whole or in part) to no longer bear such expenses on behalf of the Multi-Strategy Funds (to the extent permitted by applicable law). The Multi-Strategy Funds are subject to an “expense pass through” arrangement whereby the MultiStrategy Funds are responsible for paying for all manner of start-up, ongoing operational and other expenses of the Management Group Entities, including routine expenses, extraordinary expenses, operating expenses and capital expenditures of all types, and compensation of Management Group Personnel (collectively, the “Management Expenses”). As described above, the STF Funds are subject to the STF Management Fee, and, thus, Jain Global (and not the STF Funds) generally is responsible for bearing all of the categories of expenses that are borne by the Multi-Strategy Funds as Management Expenses. Further, Jain Global will make all determinations regarding whether an expense will be deemed to be a Management Expense. Accordingly, Jain Global will have potential conflicts of interest when making such determinations, including, for example, when determining (i) whether a particular cost or expense should be categorized as a fund expense (which will be borne by the STF Funds) or a Management Expense (which will be borne by Jain Global or its affiliates) and (ii) the allocation of any shared expenses among the Funds, including costs and expenses related to goods and services, sharing personnel, occupancy, technology, infrastructure, data and other resources that benefit both the STF Funds and the Multi-Strategy Funds. Such determinations and allocations will involve certain subjective determinations and, subject to compliance with applicable law, may be made by Jain Global using any method determined by Jain Global, including objective criteria, subjective criteria, or a combination of the foregoing, which methods may vary depending on the type of cost or expense in question. The Offering Documents contain additional disclosures regarding permissible expenses and other aspects of allocating expenses. The Funds incur brokerage and other transaction costs; Jain Global’s brokerage practices are described in Item 12. D.

Prepayment of Fees

In general, the Incentive Allocation for both the Multi-Strategy Funds and the STF Funds is paid in arrears. The Multi-Strategy Funds do not pay any fees in advance. As noted above, the STF Funds pay a Management Fee, which is calculated and paid in advance on the first day of each calendar quarter. E.

Additional Compensation and Conflicts of Interest

Neither Jain Global nor any of its supervised persons (as defined in the Advisers Act) accepts compensation (e.g., brokerage commissions) for the sale of securities or other investment products.

The Multi-Strategy Funds. The investment objective of the Multi-Strategy Funds is to deliver attractive risk-adjusted returns in all market environments. Jain Global seeks to achieve such investment objective by pursuing investment strategies across a range of different asset classes, products and geographic regions. Jain Global allocates capital to Internal Investment Teams to invest in a range of investment strategies generally organized across different business lines. Jain Global currently deploys the Funds’ capital primarily across the following investment strategies: fundamental equities, rates and macro, equity arbitrage, credit, systematic and commodities investment strategies, each of which is described in more detail below. Across each of these strategies Jain Global invests globally on a long and short basis. Fundamental Equities Strategies. The fundamental equities strategies focus on investing in the equity (and equity-linked) securities of companies globally. Jain Global may take positions on behalf of the Multi-Strategy Funds in a broad range of Financial Instruments (please refer to the paragraph below these strategy descriptions for this definition), including common stock and related derivatives such as options, futures, swaps and other instruments. The fundamental equities strategies primarily employ fundamental research and financial analysis to identify investment opportunities. Rates and Macro Strategies. The rates and macro strategies focus on investing in the global fixed income, currency, commodity and equity markets. Jain Global may take positions on behalf of the Multi-Strategy Funds in a broad range of Financial Instruments, including government debt, currencies, commodities, mortgage-backed securities, municipal bonds, interest rate swaps, futures, options and other instruments. The rates and macro strategies primarily employ macroeconomic analysis to identify investment opportunities. Equity Arbitrage Strategy. The equity arbitrage strategy focuses on investing in the equity (and equitylinked) securities of companies globally with a focus on event and catalyst-driven opportunities. Jain Global may take positions on behalf of the Multi-Strategy Funds in a broad range of Financial Instruments, including preferred or common stocks, options, warrants, swaps, debt, hybrid and other instruments. The equity arbitrage strategy primarily employs fundamental research and financial analysis to identify investment opportunities. Credit Strategy. The credit strategy focuses on investing in the debt securities and related instruments of companies globally. Jain Global may take positions on behalf of the Multi-Strategy Funds in a broad range of Financial Instruments, including corporate bonds, loans, notes, convertible debt, structured debt, collateralized loan obligations, asset-backed securities, distressed and performing debt, trade finance instruments (e.g., participation interests in accounts receivables or accounts payables), equity (and equity-linked) instruments and other instruments. The credit strategy primarily employs fundamental and market analysis to identify investment opportunities. Systematic Strategy. The systematic strategy focuses on investments in the equity, fixed-income, currency and commodities markets globally. Jain Global may take positions on behalf of the MultiStrategy Funds in a broad range of Financial Instruments, including commodities, equities, debt, currencies, forwards, futures, swaps, equity indices, options and other derivatives. The systematic strategy primarily employs systematic models and algorithms to identify opportunities. Commodities Strategy. The commodities strategy focuses on investing in a range of products in the global commodities markets, including agricultural products, crude oil and refined products, natural gas, metal, power and weather products. Jain Global may take positions on behalf of the Multi-Strategy Funds in a broad range of Financial Instruments, including futures, forwards, swaps, options, securities

and other derivatives. The Multi-Strategy Funds may also buy and sell physical commodities and related derivatives thereof, and contract for transportation and storage capacity for such commodities. The commodities strategy primarily employs fundamental analysis and systematic modeling to identify opportunities. External Investment Teams and Third-Party Portfolio Funds. Jain Global allocates a portion of the Multi-Strategy Funds’ capital to External Investment Teams to pursue a range of investment strategies on behalf of the Multi-Strategy Funds. In addition, Jain Global may, from time to time, on behalf of the Multi-Strategy Funds, invest a portion of such Funds’ assets, directly or indirectly, with External Investment Teams through unaffiliated private investment funds or separately managed accounts that are outside of such Funds’ structures (each, a “Third-Party Portfolio Fund”) and managed by an unaffiliated investment adviser. In connection with the foregoing arrangements, the Multi-Strategy Funds are, and with respect to such Third-Party Portfolio Fund arrangements, expect to be, subject to certain fees, costs and expenses similar to those included in the definitions of Multi-Strategy Fund Expenses and Investment Adviser Pass-Through Multi-Strategy Fund Expenses, including costs and expenses incurred in managing the Multi-Strategy Funds’ capital through dedicated Fund vehicles or Third-Party Portfolio Funds, and an additional level of asset-based and/or performance-based fees or allocations (and all such fees, costs, expenses and allocations will be Multi-Strategy Fund Expenses or Investment Adviser Pass-Through Multi-Strategy Fund Expenses and will not reduce the Incentive Allocation or the expenses borne by the Multi-Strategy Funds). The STF Funds. The investment objective of the STF Funds is to deliver attractive risk-adjusted returns. Jain Global will seek to achieve such investment objective primarily through investment of the STF Funds’ assets in SRT and other bank derisking and capital relief transactions such as CVA hedges and other transactions offlaying risk on risk weighted asset heavy positions on bank balance sheets. In addition, the STF Funds will pursue other liquid opportunities in CDO tranches, bank debt and AT1 securities and bank dividends. Jain Global also expects to utilize hedging in connection with the STF Funds’ investment strategy in an effort to manage market risks and seek to enhance the risk adjusted return of the STF Funds’ portfolio. Jain Global expects to deploy the STF Funds’ capital primarily across bank derisking, CVA trading, Fundamental Review of the Trading Book (“FRTB”) risk recycling trading, AT1 securities and opportunistic investment strategies, each of which is described in more detail below. Across each of these strategies Jain Global (including the investment personnel employed by certain Management Group Entities that focus on such investment strategies on behalf of the Funds (the “STF Investment Team”)) expects to invest globally on a long and short basis. Please note that the strategies described below that are pursued for the STF Funds are also undertaken for the Multi-Strategy Funds. References below to such strategies being pursued for the STF Fund do not preclude the application of such strategies within the Multi-Strategy Fund. Such strategies are pursued by the STF Funds and Multi-Strategy Funds through separate master funds (i.e., the portfolios are not commingled). Bank Derisking Strategy. The bank derisking strategy focuses on investing in SRT and other regulatory capital relief transactions of banks globally. In executing this strategy, Jain Global may take positions on behalf of the STF Funds in a broad range of Financial Instruments (as defined below), including notes, structured debt, equity (and equity-linked) instruments, options, credit indices, swaps and other instruments. The bank derisking strategy primarily employs fundamental and market analysis to identify investment opportunities, particularly where banks’ regulatory capital and/or risk management frameworks make it sub-optimal to retain the risk and efficient to transfer it instead. Credit Valuation Adjustment (CVA) Trading. The STF Funds seek to acquire and manage exposures related to CVAs, which represent the market value of counterparty credit risk embedded in OTC derivatives, securities financings and structured transactions. The strategy involves pricing, managing

and hedging CVA exposures that arise from trading counterparties’ potential default risk. These exposures can be influenced by factors such as credit spreads, counterparty ratings, market volatility and contractual collateral terms. The STF Funds may take positions in credit default swaps, credit index tranches and other credit instruments to hedge or take advantage of differences between marketimplied credit risk and modeled CVA charges. This includes both directional and relative value positions. The STF Funds may acquire or transfer CVA exposures (e.g., via novations or bilateral agreements) from banks aiming to optimize capital efficiency and monetize risk premia associated with counterparty portfolios. FRTB Risk Recycling Trades. The STF Funds pursue risk recycling opportunities from banks under their FRTB regulatory regime. FRTB, implemented by global banking regulators, enhances capital rules for market risk, significantly affecting how banks manage and optimize their trading portfolios. This strategy seeks to respond to FRTB capital requirements by transferring market risks that may be capital-inefficient for banks but potentially attractive for the STF Funds. For example, the STF Funds target risk positions that are capital-consumptive under FRTB’s Internal Models Approach (IMA) or Standardized Approach (SA), such as non-modellable risk factors (NMRFs), illiquid hedges, or stressed sensitivities. The STF Funds may engage in bespoke transactions (e.g., total return swaps, portfolio trades, novations or synthetic securitizations) that transfer market risk from bank trading books into the Fund’s portfolio in a capital-efficient and regulatory-compliant format for the bank. By understanding differences in how similar risk is treated under banking regulations versus fund accounting or economic risk measures, Jain Global believes it is positioned to identify and monetize valuation gaps across asset classes, counterparties and transaction structures. AT1 Securities (Additional Tier 1 Capital Securities). The STF Funds will invest in AT1 securities, also known as contingent convertible securities (or CoCos). These instruments are hybrid debt securities issued by global banks to satisfy regulatory capital requirements under Basel III and are designed to absorb losses during periods of financial stress. AT1 securities typically offer elevated yields relative to other fixed income instruments of an issuer, reflecting their subordinated status, perpetual maturity and embedded loss-absorption features such as coupon cancellation or principal write-down or conversion to equity. This complexity can create spread differences and volatility, which the STF Funds aim to take advantage of through active credit selection, relative value positioning and tactical trading. Opportunistic Strategies. The STF Funds’ opportunistic strategy focuses on investing in CDO tranche and regulatory-driven special situation investments globally. Jain Global may take positions on behalf of the STF Funds in a broad range of Financial Instruments (as defined below), including derivative instruments, CDOs, CLOs, bonds, dividends, loans and other instruments. The opportunistic strategies primarily employ fundamental research and financial analysis to identify investment opportunities. Types of Instruments Utilized. The Funds may invest in any type of security, financial instrument or other asset or liability, including interests commonly referred to as securities, other financial instruments issued by, entered into by or referenced to U.S. or non-U.S. entities and other assets, including: capital stock; shares of beneficial interest; partnership interests and similar financial instruments; bonds, notes, loans and debentures (whether subordinated, convertible or otherwise); currencies; commodities; physical and intangible assets; interest rate, currency, commodity, equity, dividend swap and other derivative products, including (i) futures contracts (and options thereon) relating to stock indices, currencies, U.S. government securities and securities of non-U.S. governments, other financial instruments and all other commodities, (ii) swaps, options, swaptions, warrants, caps, collars, floors and forward rate agreements, (iii) spot and forward currency transactions and (iv) agreements relating to or securing such transactions; repurchase and reverse repurchase agreements; accounts and notes receivable and payable held by trade or other creditors; trade acceptances; contract and other claims; executory contracts; participations; mutual funds, exchange-traded funds and similar financial instruments; money market funds; credit default swaps; credit-linked notes; structured debt; collateralized debt

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Jain Global provides investment advice to the Funds, as described above.

Jain Global charges performance-based compensation to each Fund. Correspondingly, Jain Global does not face certain conflicts of interest that may arise when an investment adviser charges performance-based compensation to some clients, but not to other clients.

Broker-Dealer Registration Status

Jain Global and its management persons (as defined in the Form ADV Instructions) are not registered as broker-dealers and do not have any application pending to register with the SEC as broker-dealers or registered representatives of a broker-dealer. B.

Futures Commission Merchant, Commodity Pool Operator or Commodity Trading Adviser Registration Status

Jain Global is registered with the CFTC as a Commodity Pool Operator and Commodity Trading Advisor and is a member of the National Futures Association (“NFA”). Certain management persons are registered as associated persons with the CFTC and NFA. C.

Material Relationships or Arrangements with Industry Participants

As described in Item 4.A, the Multi-Strategy General Partner serves as the general partner of the Domestic Multi-Strategy Feeder Fund and the STF General Partner serves as the general partner of each of the STF Funds. In this capacity, the Fund General Partners are deemed to be registered as investment advisers through their inclusion on this Form ADV, and any persons acting on behalf of the Fund General Partners are subject to the Advisers Act and Jain Global’s compliance program. Jain Global has retained the Relying Advisers (as described in Item 4.A) to provide sub-advisory services to the Funds. Each Relying Adviser is registered as an investment adviser with the SEC, in addition to holding the non-U.S. regulatory licenses identified in Item 4.A. Jain Global’s relationships with the Fund General Partners and the Relying Advisers do not create any material conflict of interest with clients. D.

Material Conflicts of Interest Relating to Other Investment Advisers

Jain Global does not receive any compensation, directly or indirectly, from other investment advisers, nor does Jain Global have any other business relationships with other investment advisers that create a material conflict of interest with clients.

Jain Global strives to adhere to the highest industry standards of conduct based on principles of professionalism, integrity, honesty, and trust. In seeking to meet these standards, Jain Global has adopted a Code of Ethics (the “Code”). The Code incorporates the following general principles that all employees (as defined below) are expected to uphold: 

Act in the best interests of the clients, consistent with Jain Global’s fiduciary duty.

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Conduct Jain Global’s business and personal securities transactions in a manner consistent with the Code.

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Protect Jain Global’s and its clients’ confidential information.

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Comply with federal and other securities laws, rules and regulations applicable to the business of Jain Global.

Clients may request a copy of the Code by contacting Jain Global at the address or telephone number listed on the first page of this Brochure. For the purposes of the Code and the disclosures contained in Items 10.A and 10.C herein, “employee” includes (i) all of Jain Global’s employees, (ii) all of Jain Global’s members, partners, directors, or officers (including any individual with a similar status, or performing similar functions, at Jain Global), (iii) any other person that the Chief Compliance Officer (the “CCO”) deems to be subject to Jain Global’s supervision and control who provides investment advice on behalf of Jain Global (or any employee of such person) and (iv) any other persons that the CCO deems to be subject to the Code. B.

Securities in which Jain Global or a Related Person Has a Material Financial Interest

Jain Global may from time to time transfer a Financial Instrument from one client to another (each such transfer, a “Cross Trade”). If Jain Global decides to engage in a Cross Trade, then Jain Global may, but will not be required to, obtain the consent of the relevant client, using the method prescribed in the Offering Documents, and conclude that the trade is in the best interests of both clients involved. Jain Global manages two master-feeder fund structures and generally does not expect to transfer Financial Instruments from one client to another in such a structure. To the extent that Cross Trades may be viewed as principal transactions (as such term is used under the Advisers Act) due to the ownership interest in an Other Account (as defined below) by Jain Global, the Fund General Partners or Management Group Personnel, Jain Global will comply with the requirements of Section 206(3) of the Advisers Act. Consent from each Fund involved in the transaction (obtained in the manner specified in the Offering Documents) will be obtained, which approval may be granted prior to or contemporaneous with their consummation (which means prior to settlement). In no event will any such transaction be entered into unless it complies with applicable law and is subject to the consents required under the Offering Documents. Jain Global may, from time to time, cause certain Funds to purchase or sell Financial Instruments from or to Management Group Entities or other clients besides the Funds (“Other Accounts”), including Other Accounts in which Management Group Entities hold a significant interest (Jain Global does not currently advise any Other Accounts). In addition, Jain Global may cause the Funds to, from time to time, purchase or sell Financial Instruments with and through Management Group Entities or Other Accounts in which Management Group Entities hold a significant interest. In addition, in the ordinary course of their

investment activities, the Funds may also borrow, pledge, lend and otherwise finance various Financial Instruments with and among Management Group Entities and Other Accounts in which Management Group Entities hold a significant interest, on both a secured and unsecured basis. Any such transactions will be made in compliance with the requirements of Section 206(3) of the Advisers Act and subject to the provisions set forth in applicable Offering Documents. C.

Investing in Securities that Jain Global or a Related Person Recommends to Clients

The Code places restrictions on personal trades by employees, including that they disclose their personal securities holdings and transactions to Jain Global on a periodic basis, and requires that employees preclear certain types of personal securities transactions. Generally, and subject to certain exceptions, Jain Global’s employees may not engage in personal securities trading in certain types of instruments enumerated in the Code. Jain Global, its affiliates and its employees may give advice or take action for their own accounts that may differ from, conflict with, or be adverse to, advice given or action taken for clients. These activities may adversely affect the prices and availability of other securities or instruments held by or potentially considered for one or more clients. Potential conflicts also may arise due to the fact that Jain Global and its employees may have investments in some Funds but not in others or may have different levels of investment in the various Funds. Jain Global has established policies and procedures to address conflicts of interest with respect to investment opportunities in a manner it deems fair and equitable, including the restrictions placed on personal trading in the Code, as described above, and regular monitoring of employee transactions for conflicts of interest, including regarding personal trades in the same securities or related securities as those held by clients. D.

Conflicts of Interest Created by Contemporaneous Trading

It is Jain Global’s policy to allocate investment opportunities to the Funds in a manner that it reasonably believes is fair and equitable over time to the Funds, to the extent practicable and in accordance with each Fund’s applicable investment strategies. Investment opportunities will generally be allocated among those Funds for which participation in the respective opportunity is considered appropriate, taking into account, among other considerations: investment objective and strategy, including the projected return impact of financing or “cost of capital” charges on particular trades, risk guidelines, working capital, unencumbered cash, intra-month changes to capacity, leverage, investor base, tax, legal, regulatory, contractual and liquidity considerations, and the established counterparty relationships of such Funds, which considerations may be considered individually or in combination with other considerations. However, from time to time, Jain Global may determine, based on the foregoing and other considerations, that certain investments or investment strategies (or the Internal Investment Team or other personnel that manage such investment strategies) should be allocated to some Funds rather than other Funds or that certain Funds should be given a larger allocation or priority access thereto. Further, Jain Global may determine not to pursue, or to cease pursuing, certain investment opportunities or strategies on behalf of a Fund if such opportunities or strategies may have an adverse impact on one or more other Funds. Jain Global may have an incentive to cause investments to be made, managed or realized, or to allocate investment strategies in a manner designed, to advance the interests of one Fund. Jain Global will have no obligation to purchase or sell a Financial Instrument for, enter into a transaction on behalf of, or provide an investment opportunity to, a Fund solely because Jain Global purchases or sells the same Financial Instrument for, enters into a transaction on behalf of, or provides an opportunity to, another Fund if, in its reasonable opinion, such Financial Instrument, transaction or investment opportunity does not appear to be suitable, practicable or desirable for a Fund.

In particular, when Jain Global is ramping up the investment strategies it will employ on behalf of a Fund, such Fund may receive larger allocations of certain Financial Instruments than other Funds (accordingly, such other Funds will received reduced or no allocations of such Financial Instruments) in order to obtain the desired risk and portfolio size of the Fund being ramped up.

Factors Considered in Selecting or Recommending Broker-Dealers for Client Transactions

As noted previously, Jain Global has full discretionary authority to manage the Funds, including authority to make decisions with respect to which securities are bought and sold, the amount and price of those securities, the brokers or dealers to be used for a particular transaction, and commissions or markups and markdowns paid. Jain Global’s authority is limited by its own internal policies and procedures and each Fund’s investment strategies. Portfolio transactions for each client are allocated to brokers and dealers on the basis of numerous factors and not necessarily lowest pricing. Brokers and dealers may provide other services that are beneficial to Jain Global and/or certain clients, but not beneficial to all clients. Subject to best execution, in selecting brokers and dealers (including prime brokers) to execute transactions, provide financing and securities on loan, hold cash and short balances and provide other services, Jain Global may consider, among other things, the ability of the brokers and dealers to effect the transaction based on several factors, including the nature and type of the particular trades undertaken and by the particular jurisdiction in which the trade is made. Accordingly, the commission rates (or dealer markups and markdowns) charged to the Funds by brokers or dealers may be higher than those charged by other brokers or dealers. Jain Global is not required to solicit competitive bids and does not have an obligation to seek the lowest available commission cost or spread. 1.

Research and Other Soft Dollar Benefits

From time to time, Jain Global may pay a broker-dealer commissions (or markups or markdowns with respect to certain types of riskless principal transaction) for effecting Fund transactions in excess of that which another broker-dealer might have charged for effecting the transaction in recognition of the value of the brokerage and research services provided by the broker-dealer. Services that may be provided to Jain Global by such broker-dealers may include research, general market commentary, economic information, trading advice, industry and issuer commentary, technical data, investment recommendations, industry, issuer or other reports, quotations and other market data and the arrangement of meetings with issuer management. Jain Global will effect such transactions, and receive such brokerage and research services, only to the extent that they fall within the safe harbor provided by Section 28(e) of the Exchange Act (“Section 28(e)”), and subject to prevailing guidance provided by the SEC regarding Section 28(e). Also, consistent with Section 28(e), research products or services obtained with “soft dollars” generated by one or more Funds may be used by Jain Global to service one or more other clients, including clients that may not have paid for the soft dollar benefits. Jain Global does not seek to allocate soft dollar benefits to client accounts in proportion to the soft dollar credits that each client account generates. Where a product or service obtained with soft dollars provides both research and non-research assistance to Jain Global (i.e., a “mixed use” item), Jain Global will determine the cost to be paid for with soft dollars. In making such determinations, a conflict of interest may exist by reason of Jain Global’s allocation of the costs of such benefits and services between those that primarily benefit Jain Global and those that primarily benefit the Funds. In using client brokerage commissions (or markups or markdowns) to obtain research or other products or services, Jain Global receives a benefit because it does not have to produce or pay for such products or services. Jain Global may have an incentive to select or recommend a broker-dealer based on Jain Global’s interest in receiving research or other products or services, rather than on its clients’ interest in receiving most favorable execution.

At least annually, Jain Global considers the amount and nature of research and research services provided by broker-dealers, as well as the extent to which such services are relied upon. A broker-dealer is not excluded from receiving business because it has not been identified as providing research products or services. Jain Global is a new registrant and has not utilized soft dollars during its last fiscal year. 2.

Brokerage for Client Referrals

Neither Jain Global nor any related person receives client referrals from any broker-dealer or third party. However, as discussed above, subject to best execution, Jain Global may consider, among other things, capital introduction and marketing assistance with respect to investors in the Funds in selecting or recommending broker-dealers for the Funds. 3.

Directed Brokerage

Jain Global does not recommend, request or require that a client direct Jain Global to execute transactions through a specified broker-dealer, and in general, Jain Global does not permit this practice. B.

Purchase and Sale of Securities for Client Accounts 1.

Order Aggregation

Jain Global manages two master-feeder fund structures and will generally only execute trades or make investments on behalf of the Multi-Strategy Master Fund and STF Master Fund. If Jain Global determines that the purchase or sale of a Financial Instrument is appropriate with regard to multiple Funds, Jain Global may, but is not obligated to, purchase or sell such a Financial Instrument on behalf of such Funds with an aggregated order, for the purpose of reducing transaction costs, to the extent permitted by applicable law. When an aggregated order is filled through multiple trades at different prices on the same day, each participating Fund will receive the average price, with transaction costs generally allocated pro rata based on the size of each Fund’s participation in the order (or allocation in the event of a partial fill) as determined by Jain Global. In the event of a partial fill, allocations may be modified on a basis that Jain Global deems to be appropriate, including, for example, in order to avoid odd lots or de minimis allocations. When orders are not aggregated, trades generally will be processed in the order that they are placed with the broker or counterparty selected by Jain Global. As a result, certain trades in the same Financial Instrument for one Fund (including a client in which Jain Global and/or any Management Group Personnel may have a direct or indirect interest) may receive more or less favorable prices or terms than another Fund, and orders placed later may not be filled entirely or at all, based upon the prevailing market prices at the time of the order or trade. In addition, some opportunities for reduced transaction costs and economies of scale may not be achieved. 2.

Trade Errors

While Jain Global will seek to take certain precautions to reduce the risk of the clients experiencing errors with respect to trades made on their behalf (each, a “Trade Error”), given the anticipated volume and frequency of trades for the clients, Trade Errors will occur. Trade Errors can include, for example, (i) the execution of orders (either purchases or sales) in excess of, or less than, the amount of Financial Instruments the account intended to trade; (ii) the sale of a Financial Instrument when it should have been purchased; (iii) the purchase of a Financial Instrument when it should have been sold; or (iv) the purchase or sale of the wrong Financial Instrument. Consistent with each client’s Offering Documents, Jain Global, its affiliates, Investment Teams and Management Group Personnel will generally not be liable to the clients for any act or omission, absent Disabling Conduct (as such term is defined in the Offering Documents) of such persons. Clients, as applicable, will generally be required to indemnify such persons against any losses they incur by reason of any act or omission related to the clients, as applicable, absent Disabling Conduct

of such persons. As a result of these provisions, the clients (and not Jain Global) will benefit from any gains resulting from Trade Errors and similar human errors and will be responsible for any losses (including additional trading costs) resulting from Trade Errors and similar human errors, absent Disabling Conduct on the part of the relevant person. In addition, because Jain Global determines whether any Trade Error and similar human errors constituted or resulted from Disabling Conduct, any such determination presents an inherent conflict of interest.

Economic Benefits for Providing Services to Clients

Jain Global does not receive economic benefits from non-clients for providing investment advice and other advisory services. B.

Compensation to Non-Supervised Persons for Client Referrals

Neither Jain Global, nor any of its related persons compensates any person, directly or indirectly, who is not a supervised person for client referrals. As noted elsewhere, Jain Global’s only clients are the Funds.

There are no legal or disciplinary events that are material to a client’s or prospective client’s evaluation of Jain Global’s advisory business or the integrity of its management.

Frequency and Nature of Review of Client Accounts or Financial Plans

Jain Global performs periodic reviews of each client’s portfolio. Such reviews are conducted by various Jain Global personnel, including certain portfolio managers. B.

Factors Prompting Review of Client Accounts Other than a Periodic Review

A review of a client account, other than on a periodic basis, may be triggered by any unusual activity or special circumstances. C.

Content and Frequency of Account Reports to Clients

Jain Global generally provides annual audited financial statements to investors in the Funds within ninety (90) days of the applicable Fund’s fiscal year-end or as soon as reasonably practicable thereafter, to the extent permitted by applicable law. In addition to the audited financial statements, Jain Global will provide reports to investors in the Funds on a periodic basis, which Jain Global will communicate to such investors from time to time.

Jain Global and the Fund General Partners are deemed to have custody of client funds and securities because they have the authority to obtain client funds or securities pursuant to the Offering Documents for the Funds. Correspondingly, Jain Global and the Fund General Partners are subject to Rule 206(4)-2 under the Advisers Act (the “Custody Rule”). All funds and securities owned by the Funds are maintained with unaffiliated broker-dealers or banks acting in such capacity as “qualified custodians” (with the exception of “privately offered securities” exempted from the qualified custodian requirement by the Custody Rule). Jain Global and the Fund General Partners are not be required to comply (or are deemed to have complied) with certain requirements of the Custody Rule with respect to each Fund because they comply with the provisions of the so-called “Pooled Vehicle Annual Audit Exception”, which, among other things, requires that each Fund be subject to annual audit by an independent public accountant that is registered with, and subject to regular inspection by, the Public Company Accounting Oversight Board, and requires that each Fund distribute its audited financial statements to all investors within one hundred twenty (120) days of the end of its fiscal year.

Jain Global has discretionary investment authority for each Fund. Investment decisions and advice that Jain Global makes with respect to each Fund are subject to such Fund’s investment objective and strategies, as set forth in its Offering Documents. Each Fund has entered into an investment management agreement with Jain Global or one of its affiliates, pursuant to which Jain Global or one of its affiliates has been granted discretionary investment authority.

In compliance with Advisers Act Rule 206(4)-6, Jain Global has adopted proxy voting policies and procedures (the “Proxy Voting Policy”). The general policy is to vote proxy proposals, amendments, consents or resolutions (collectively, “Proxies”) in line with management recommendations. Jain Global has the authority to vote Proxies for all securities held by its clients. Jain Global may, from time to time, refrain from voting Proxies, taking into consideration the cost of voting the Proxies and the anticipated benefit to the Funds. Generally, clients may not direct Jain Global’s vote in a particular solicitation. Conflicts of interest may arise between the interests of the clients on the one hand and Jain Global or its affiliates on the other hand. If Jain Global determines that it may have, or be perceived to have, a conflict of interest when voting Proxies, Jain Global will vote in accordance with its Proxy Voting Policy, which addresses such conflicts. Clients may obtain a copy of Jain Global’s Proxy Voting Policy and Proxy voting records by contacting Jain Global at the address or telephone number listed on the first page of this Brochure.

Jain Global is not required to include a balance sheet for its most recent fiscal year, is not aware of any financial condition reasonably likely to impair its ability to meet contractual commitments to clients and has not been the subject of a bankruptcy petition at any time during the past ten years.