Global Endowment Management*

Global Endowment Management (“GEM”)* is an independent investment manager actively managing client assets in the style of leading endowments and foundations. GEM pursues varied and non-traditional investment opportunities to provide a long-term oriented, diversified investment program. GEM is the investment office for its investors — assuming responsibility for asset allocation, manager selection, risk management and investment reporting.

* GEF-PUE, LP, an affiliate of Global Endowment Management (“GEM”), is the entity with ownership in Silverwest Hotels LLC.