Risk Factors Update Summary

• Our business depends on raising capital from investors. Failure to raise capital could reduce revenues.
• Changes in interest rates may impact the value of investments, increasing interest expenses and reducing income.
• Investment in digital infrastructure assets involves unique risks, including potential service interruptions and legal liabilities.
• Change in control from "DBH employees" to "Employees" may impact decision-making alignment.
• Dependence on third-party suppliers for power and connectivity may lead to service vulnerabilities and increased costs.
• Failure to implement investment strategy may result in inability to collect management fees or deploy capital.
• Future carried interest payments to Former DBH Employees may be triggered by additional investments.
• Expansion into new strategies and markets may introduce additional risks and disrupt operations.
• Ownership of digital infrastructure assets exposes us to risks inherent in their operation.
• Increased cybersecurity risks and costs due to potential incidents or disruptions in systems.
• Poor performance of funds could lead to revenue decline, obligating repayment of performance fees.
• Climate change and natural disasters pose risks to energy prices, insurance costs, and digital infrastructure investments.
• Potential impairment losses due to compromised confidential information or misappropriation risks.
• Variable revenues may hinder steady earnings growth, causing share price volatility.
• Changes in interest rates could impact net interest income and the market value of assets.
• Increased compliance costs and regulatory burdens due to new financial regulations and regulators.
• Transition from USD LIBOR to SOFR could result in uncertain economic effects on floating debt.