Dauntless Capital Partners LLC

Dauntless Capital Partners LLC is an SEC-registered investment adviser founded in 2019, focusing on acquiring and managing premium hospitality assets in the United States. The firm primarily serves private investment funds, including Dauntless Capital Hospitality Fund II, LP and Dauntless Capital Hospitality Fund II Feeder, LP. Dauntless tailors its investment advice to meet clients' needs and objectives, with discretion over client assets limited by operating agreements. As of December 31, 2022, Dauntless had approximately $100,895,000.00 in regulatory assets under management on a discretionary basis. Fees and compensation include an annual management fee based on a percentage of assets under management, typically equal to 2% per annum of the aggregate commitments of limited partners. Additionally, the firm is entitled to a performance distribution from clients equal to 20%, subject to certain conditions. Dauntless may charge portfolio companies various fees, such as asset management fees and operating fees. The firm does not participate in wrap fee programs. Dauntless has a Code of Ethics in place, ensuring compliance with securities laws and safeguarding material nonpublic information. The firm reviews client performance quarterly, provides audited financial statements annually, and maintains custody of client assets at qualified custodians. Dauntless generally does not vote proxies for client securities but will do so in the best interests of clients if applicable. The firm does not have any referral arrangements or financial conditions impairing its ability to meet contractual commitments.