2021-09-22 OMA Agenda - Board of Trustees

OBESITY MEDICINE ASSOCIATION Notes To Consolidated Financial Statements (Continued)

In addition to the investments above, the Association holds certain investments that are not actively traded on public markets. In accordance with U.S. GAAP, these other investments have not been included in the leveling table above. Other details related to these investments are summarized as follows:

Information As Of December 31, 2020

Redemption Frequency

Net Asset

Unfunded If Currently Redemption

Description

Value Commitments

Eligible Notice Period

Multi-strategy fund (a) Private equity fund (b)

$

331,032 356,160

$

— Semi-annual

95 Days

—

Quarterly*

—

$

687,192

$

—

* Subject to board approval and is not a guarantee of future liquidity (a) The fund focuses on generating attractive, low-volatility returns in a consistent and repeatable manner with limited dependence on the broader debt and equity markets. It also focuses on high-quality, institutional hedge fund managers who invest in historically uncorrelated strategies such as relative value, equity market neutral/low net equity, event- driven and distressed credit securities and does not typically invest in more volatile or directional long/short equity. (b) The fund focuses on an innovative private equity investment program designed to provide immediate access to investments and services generally available only to large institutional investors. The fund seeks to provide investors with consistent risk-adjusted returns and low volatility while focusing on primary, secondary and direct investment opportunities predominately in the U.S. but also in Europe, Asia and the emerging markets. The main objective of the fund is to manage liquidity and maintain and high investment level of time, while also providing diversification over vintage years and individual portfolio managers.

Page 14