The document describes several investment funds offered by Ashton Global: - The Africa Frontiers Fund focuses on niche investment opportunities in East Africa, primarily listed equities, bonds, private debt, and real estate. - The International Small-Cap Fund identifies undervalued small cap opportunities globally using proprietary screens and a network focused on emerging/frontier markets. - The Medical Offices Fund acquires medical facilities in Baltimore and DC, targeting value-add through improvements and operational efficiencies. - The Litigation Finance Fund sources litigation-related investments by providing capital in exchange for portions of legal recoveries and settlements.

2. Global Managers Generating Alpha
Africa
Frontiers Fund
International
Small Cap
Medical Real
Estate
Litigation
Finance
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other
important information about the fund can be found in the fund’s prospectus, or, if applicable, the summary prospectus. Any decision to invest in Ashton
Global funds should be made on the basis of the current prospectus, which is available on request at info@ashtonglobal.com. Read the prospectus
carefully before investing. All investing involves risk, including potential loss of principal. There is no guarantee that the fund will achieve its objective.

4. African Frontiers Fund

5. Africa Frontiers Fund
• A multi-strategy framework
• Identifies undervalued, income generating, niche investments
in East Africa
• Managed by Joel Mwaura
• Focused on East Africa with a special interest in Kenya
• Niche investment opportunities at attractive valuations, with a
moderate level of risk
• Liquidity and capital safety will be of paramount importance

6. Africa Frontiers Fund
• Listed equities
• Fixed income securities (government bonds)
• Private debt
• Equity
Public equities, government bonds, and real estate assets will
make up the largest holdings
Will also target government privatizations and event-driven
special situations

7. Due Diligence and Risk Management
On-site, rigorous due
diligence
Audit, risk management,
forensic accounting
High-quality assets that
support cash flow and
earnings growth

8. Exciting Growth Opportunities
Education Agriculture Real Estate Infrastructure

9. Fund Terms
Accredited Investors Only
Investment Minimum $1,000,000
Management Fee 1.00% per annum
Performance Fee 20%
Fund Capacity $250,000,000
Lock Up Two Years
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before
investing or sending money. This and other important information about the fund can be found in the fund’s
prospectus, or, if applicable, the summary prospectus. Any decision to invest in Ashton Global funds should be
made on the basis of the current prospectus, which is available on request at info@ashtonglobal.com. Read
the prospectus carefully before investing. All investing involves risk, including potential loss of principal. There
is no guarantee that the fund will achieve its objective.

11. Ashton Global International
Small-Cap
Proprietary screens and a global network are used to identify
niche, small-cap, and event driven opportunities in international
markets
• Specializes in finding attractive small-cap companies that are
trading below adjusted book value
• Emerging and frontier markets focused, but will also seek
opportunities in North America and Europe
• Additional alpha created through unique special situations

12. Ashton Global International
Small-Cap
A Disciplined and Prudent Investment Strategy
• Companies with strong financial positions that are trading below
book value
• Capital structure analyses and in-depth intelligence of local
financial statements
• Global network across Asia to identify unique special situations
• Average investment holding period is two to three years

13. Risk and Performance

14. Fund Terms
Accredited Investors Only
Investment Minimum $1,000,000
Management Fee 0.80% per annum
Performance Fee 20%
Fund Capacity $180,000,000
Lock Up One Year
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully
before investing or sending money. This and other important information about the fund can be found in
the fund’s prospectus, or, if applicable, the summary prospectus. Any decision to invest in Ashton Global
funds should be made on the basis of the current prospectus, which is available on request at
info@ashtonglobal.com. Read the prospectus carefully before investing. All investing involves risk,
including potential loss of principal. There is no guarantee that the fund will achieve its objective.

15. Healthcare Focused Real Estate
Ashton Global Medical Offices Fund I

16. Ashton Global Medical Offices
Fund I
Private real estate fund specializing in medical facilities in the
Baltimore and Washington DC metropolitan areas
Single-tenant buildings leased to leading hospitals, universities,
government agencies, and healthcare companies
Will also target multi-tenant buildings related to doctors, dentists,
and hospitals close to Johns Hopkins University and the National
Institute of Health

17. Ashton Global Medical Offices
Fund I
Private real estate fund specializing in medical facilities in the
Baltimore and Washington DC metropolitan areas
Portfolio managers will create value in four main areas:
• Improvements to building systems which lower costs,
optimize energy efficiency and have rapid payback periods
• Deployment of technology to improve productivity and
operational efficiency
• Expanding the breadth of services at the facilities
• Rationalizing operations with lower profitability

18. Types of Properties We Seek To Acquire:
• Property values between $5 million and $25 million
• Cap rates above 9.5%
• Three years of operating history with verifiable tenant cash flows
• Located in areas with favorable demographics
• Properties that can benefit from tax-free zones or tax credits
• Assets being sold as part of litigation or restructurings
Ashton Global Medical Offices
Fund I

19. “As long as the REITs are investing in quality assets with strong operators, we
think there are opportunities to profit in the senior housing space.” - Moody’s
Healthcare REITs Have Performed Well in 2018

20. Fund Terms
Accredited Investors Only
Investment Minimum $1,000,000
Management Fee 0.80% per annum
Performance Fee 20%
Fund Capacity $100,000,000
Lock Up Three Years
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully
before investing or sending money. This and other important information about the fund can be found
in the fund’s prospectus, or, if applicable, the summary prospectus. Any decision to invest in Ashton
Global funds should be made on the basis of the current prospectus, which is available on request at
info@ashtonglobal.com. Read the prospectus carefully before investing. All investing involves risk,
including potential loss of principal. There is no guarantee that the fund will achieve its objective.

22. Ashton Global Litigation Finance
A global network of forensic accountants, fraud examiners, and
attorneys are used to source litigation-related opportunities
• Long-term uncorrelated returns for investors
• Focused on identifying litigation finance-related investments that
offer significant upside with defined risk
• Capital is provided in exchange for a portion of the recoveries tied to
various cases
• Investments are supported by interests in legal recoveries and
settlements due to plaintiffs

24. Ashton Global Litigation Finance

25. Ashton Global Litigation Finance

26. Fund Terms
Accredited Investors Only
Investment Minimum $1,000,000
Management Fee 1.00%
Performance Fee 20% with hurdle rate
Hurdle Rate 20%
High Water Mark Yes
Fund Capacity $75,000,000
Lock Up Five Years
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before
investing or sending money. This and other important information about the fund can be found in the
fund’s prospectus, or, if applicable, the summary prospectus. Any decision to invest in Ashton Global
funds should be made on the basis of the current prospectus, which is available on request at
info@ashtonglobal.com. Read the prospectus carefully before investing. All investing involves risk,
including potential loss of principal. There is no guarantee that the fund will achieve its objective.