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EFTA01386823

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RI N II • 094 Alpha Group Capital LLC The Portfolio Advisor will continue to screen for investment opportunities that meet the Eligibility Criteria and then prioritize them on a relative value basis with the aim of constructing an optimal Portfolio that maintains compliance with its investment guidelines and investment criteria. Due Diligence Process The Portfolio Advisor, on behalf of the Issuer, intends to purchase Collateral Obligations in the primary and secondary markets. In general, the Portfolio Advisor will continue to seek to identify financing opportunities early in the transaction process, which may allow the Portfolio Advisor to have more influence on investment terms than it would for secondary market financing opportunities. The Portfolio Advisor expects to perform detailed due diligence and financial modeling to review investment opportunities. The Issuer's investment process will be designed to efficiently and comprehensively assess the merits and risks of investment opportunities. The investment process generally will emphasize fundamental credit analysis, focusing on asset valuation, cash flow generation relative to leverage, asset coverage and principal preservation. Exhibit 8 below illustrates a typical execution process. Exhibit 8: Investment PrMASS Formal approval to invest sought from IC In dal Review • Screen and diligence to diode whether to mitialiy pursue or decline a transaction • Assess investment Merits indurang infra sub-sector trends trammeled risks. quality of sponsor/ management and potertat nskechusted return Detailed Due Diligence • Analyze induStry trend5 and CCOlpethve posstming • Build and stress financial model Structuring • Foam on key structuring terms that most diredly reduce tale and improve recovery scenarios n a default • Renew legal • Scrutnize structure and documeMatice lot wrile covenants addressing key credit • Meet with sponsor and *Wes or management Investment Co

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