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(1) Fund inception on is May 1, 2018. The performance results reflected on the tables above as well as accompanying tables for periods prior to the Fund’s inception on date represent the Fund’s performance based on the performance of the Fund’s underlying portfolio managers as noted, are based on the assumptions noted for each chart, and are net of (i) fees and incentive allocations to those portfolio managers and the Fund, and (ii) transaction costs and other expenses incurred by the portfolio managers. The leverage assumptions, if any, reflected on the tables above as well as accompanying tables can have a significant effect on performance results, and is not necessarily indicative of actual leverage used by the portfolio managers during those periods, and is subject to change. All of the underlying performance information has been provided by the portfolio managers, and although assumed to be reliable, has not been independently verified and cannot be guaranteed. ” makes no representations or warranties as to the accuracy or completeness of such information. The actual rates of return for investors in the Fund may differ. Past performance is not a guarantee of future results. The Fund may not receive the performance results from a portfolio manager until several months after month‐end. After the Fund’s administrator calculates that month’s performance results from the Portfolio Funds, the performance table above will be updated. No assurance can be given that the results for those unreported months are consistent with prior periods. This Tear Sheet and related disclosures do not constitute an offer or solicitation to purchase an interest in ” Active Credit, LP (“Fund”) or any related vehicle managed by ” Active Credit Management, LP (“Sponsor”). The Fund has prepared a Confidential Private Placement Memorandum (“Memorandum”) for the offering of interests in the Fund. Before you invest, you should read the Memorandum for more complete information about the Fund and the offering. The information contained in this presentation is qualified in its entirety by reference to the Memorandum. There are substantial risks to investing in the Fund and all interested parties should carefully consider them prior to investing. Results are compared to the performance of any listed index such as the S& P 500 Total Return Index and the S& P Municipal Bond Index (“Comparative Indexes”) for informational purposes only. The Portfolio Fund’s investment programs do not mirror the Comparative Indexes and the volatility of a Portfolio Fund’s investment program may be materially different from that of the Comparative Indexes. The securities or other assets included in the Comparative Indexes are not necessarily included in any or all of the investment programs of the Portfolio Fund and criteria for inclusion in the Comparative Indexes may be different than those for investment by the Portfolio Fund. The performance of the Comparative Indexes was obtained from published sources believed to be reliable, but which are not warranted as to accuracy or completeness. Unless noted otherwise, the returns of the Comparative Indexes presented herein do not reflect fees or transaction costs, but those returns do reflect net dividends if any. Past performance is neither indicative nor a guarantee of future results. No assurance can be made that profits will be achieved or that substantial losses will not be incurred.