MERIDIANA

MERIDIANA MFO, LLC 2600 S. Douglas Rd. Suite 908 Coral Gables, FL 33134 Telephone: (305) 448-0014 FORM ADV PART 2A BROCHURE This Brochure provides information about the qualifications and business practices of Meridiana MFO, LLC ("Meridiana"). If you have any questions about the contents of this Brochure, contact us at (305) 448-0014. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission ("SEC") or by any state securities authority. Additional information about Meridiana is available on the SEC's website at www.adviserinfo.sec.gov. The searchable IARD/CRD number for Meridiana MFO, LLC is 306237. Meridiana is a registered investment adviser. Registration with the SEC or any state securities authority does not imply a certain level of skill or training. December 31, 2025  Item 2 – Summary of Material Changes Form ADV Part 2 requires registered investment advisers to amend their Brochure when information becomes materially inaccurate. If there are any material changes to an adviser's disclosure Brochure, the adviser is required to notify you and provide you with a description of the material changes. Item 1 – Cover Page has been amended to reflect the effective date of this brochure. Item 4 – Advisory Business. Has been amended to reflect AUMs as of Dec 31, 2025. Form ADV 2B – Has been amended to reflect the effective date of this brochure. P a g e | 2  Item 3 – Table of Contents Item 2 Summary of Material Changes ............................................................................................... 2 Item 3 Table of Contents ................................................................................................................... 3 Item 4 Advisory Business ................................................................................................................... 4 Item 5 Fees and Compensation ......................................................................................................... 7 Item 6 Performance-Based Fees and Side-By-Side Management ...................................................... 9 Item 7 Types of Clients ....................................................................................................................... 9 Item 8 Methods of Analysis, Investment Strategies and Risk of Loss ................................................. 9 Item 9 Disciplinary Information ....................................................................................................... 10 Item 10 Other Financial Industry Activities and Affiliations ............................................................. 10 Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ....... 10 Item 12 Brokerage Practices ............................................................................................................ 12 Item 13 Client Referrals and Other Compensation .......................................................................... 12 Item 14 Custody ............................................................................................................................... 12 Item 15 Investment Discretion ........................................................................................................ 13 Item 16 Voting Client Securities ....................................................................................................... 13 Item 17 Financial Information .......................................................................................................... 13 Additional Information ..................................................................................................................... 14 P a g e | 3  Item 4 – Advisory Business General Meridiana MFO LLC (“Meridiana”) is a limited liability company duly organized under the laws of the State of Florida on 09/26/2019. The company’s founding member is Enrique Carrillo, CFA (CRD No. 7193382). Albert Rovira, CFA is the senior portfolio manager head of asset allocation (CRD No. 7768750) and Ariadna Tomas is the Chief Compliance Officer (CRD No. 7651906). From its offices in Coral Gables, FL, (Main Office), Meridiana offers the following services to its advisory clients: Investment Advisory Services Adviser provides investment advisory services to its clients through various types of discretionary and non-discretionary accounts in accordance with each client’s investment objectives. Investment activities focus on investments in various kinds of assets and securities in a variety of markets that is intended to fit within the client’s objectives, strategies and risk profile as described by each client. Meridiana offers ongoing portfolio management services based on the individual goals, objectives, time horizon, and risk tolerance of each client. Meridiana creates an Investment Policy Statement for each client, which outlines the client’s current investment profile (income, tax levels, and risk tolerance levels) and then constructs a plan (the Investment Policy Statement) to aid in the selection of a portfolio that matches each client’s specific situation. Investment Policy Statement may include, but not limited to, the following: Investment strategy   Asset allocation  Risk tolerance  Personal investment policy  Asset selection  Regular portfolio monitoring Meridiana evaluates the current investments of each client with respect to their risk tolerance levels and time horizon. Risk tolerance levels are documented in the Investment Policy Statement, which is given to each client. Accounts may focus on investments in specified and limited kinds of assets and securities, in limited markets, or they may be broad-based across many asset classes and markets. Such accounts are intended to fit within the investor’s objectives, strategies and risk profile as described by each client. The strategies utilized for these customized accounts may be similar to or may vary widely from the core strategies typically utilized by the Adviser, as further described in Item 8. Clients may place targets on these accounts and may restrict the types of investments made in such accounts. As an investment adviser, Meridiana provides portfolio management and administrative services to client accounts (the “Accounts”), including investigating, analyzing, structuring, and negotiating P a g e | 4  potential investments, monitoring the performance of investments and advising the Accounts as to the disposition of investment opportunities. Adviser provides investment advisory services to Adviser’s clients through the management of investment portfolios in accordance with the objectives, guidelines, and risk profiles of individual clients. Clients provide such information to Adviser at or before the time they enter into an advisory agreement with Adviser. NON-DISCRETIONARY ACCOUNTS. Our primary business consists of providing nondiscretionary advisory services to high and ultra-high net worth families residing in Latin America and USA. The services are tailored to the client’s needs. Clients are asked to provide the Firm with information regarding their financial profile and any restrictions the client wishes to impose on the management of the accounts. For these non-discretionary accounts, we will recommend an investment strategy, allocation mix, or changes to the client’s existing portfolio that we believe is suitable for that client. The Firm has an ongoing responsibility to make recommendations to the client based upon the client’s financial and investment profile. We do not buy or sell securities in the account unless the client approves of the recommendation. Upon approval of a recommendation, we will arrange for effecting the securities transaction(s) recommended. INVESTMENT CONSULTING SERVICES. We provide investment advice and portfolio analyses and/or recommendations to clients on an ongoing basis. Recommendations may cover not only the accounts owned directly by the client but also accounts of entities owned, beneficially or otherwise, by the client. We will arrange for effecting the securities transaction(s) recommended only upon the client’s request. INVESTMENT PRODUCT TYPES. The primary investment vehicles in which client accounts are invested are bonds, mutual funds, and exchange-traded funds. Occasionally, and based on the needs and objectives of the client, we may also advise on: • Exchange listed securities. • Securities traded over the counter. • Securities issued by foreign issuers, including foreign sovereign debt instruments. • Corporate debt securities. • U.S. government securities. • Structured Products (including reverse convertibles). • Options contracts on securities. • Private placements. • Private equity funds; and • Hedge funds. BUSINESS CONSULTING SERVICES. Meridiana offers its client’s recommendations and advice regarding mergers, acquisitions, restructuring, and other financial or business transactions or matters on a one- time, non-discretionary basis. P a g e | 5  STATEMENT CONSOLIDATION SERVICES. We provide consolidation services where we prepare and deliver to the client a report itemizing the value of the client’s holdings in each of the accounts included in the agreement and their collective value on a particular date. The reports contain information and data about accounts for which we do not provide investment management services or advise the client. If the client chooses to also subscribe to our management services, such services are provided through a separate agreement. The consolidation services may be provided in conjunction with a consulting arrangement. Meridiana offers several specialized programs, as follows: 1. Third Party Managers Based upon the Investment Policy Statement defined for each client (as described above), the Adviser may recommend to certain clients that they authorize the active discretionary management of a portion of their assets by certain investment managers that are not affiliated with the Adviser. Adviser continues to render services to the client and, in addition, monitor and review the performance of the third-party manager and the performance of the client’s accounts that are being managed. 2. Family Wealth Services As an investment adviser, Meridiana provides portfolio management and administrative services to our clients, including investigating, analyzing, structuring, and negotiating potential investments, monitoring the performance of investments and advising the clients as to the disposition of investment opportunities. Other Services Adviser provides investment advisory services to clients through the management of investment portfolios in accordance with the objectives, guidelines, and risk profiles of the individual clients. Clients provides such information to Adviser at or before the time they enter into an advisory agreement with the Adviser. The Adviser may provide additional services to the clients. The scope of services and additional fees are negotiated individually with each client and incorporated into the Portfolio Management Agreement. Meridiana may also refer clients to other financial services companies, including banks, as a courtesy to the client and with no compensation from the institution. Meridiana does not assume any responsibilities for the products and services offered by said institutions. Meridiana strongly recommends clients to perform their own due diligence on these institutions before opening a new account / relationship with them. Additional General Information Other professionals (e.g., trust companies, lawyers, accountants, insurance agents, etc.) may be recommended to clients or engaged directly by the client on an as-needed basis. Conflicts of interest related to recommendations of other professionals will be disclosed to the client in the event they should occur. Additionally, Meridiana’s client agreements may not be assigned without client consent. This service is provided to our advisory clients at no additional cost. P a g e | 6  Investment Restrictions Adviser offers an array of services and clients can select among the services that the client and the Adviser feel are suited for the client. Clients may impose reasonable restrictions on the management of their accounts, including by restricting particular securities or types of investments. Clients should be aware that the performance of restricted accounts may differ from performance of accounts without such impediments, possibly producing lower overall results. Assets Under Management Meridiana has approximately $441,877,759 in Assets Under Management (AUMs) as of December 31st, 2025, all managed in a non-discretionary manner. Item 5 – Fees and Compensation FEE SCHEDULE. For the non-discretionary portfolio management services, generally, the Firm charges an annualized advisory fee, with a maximum rate of 1.50%. Fees are negotiated with each client individually. Fees are based on the assets under the management of Meridiana for the account. Where the client is invested in private equity funds, generally, the fee for that portion of the account allocation will be based on the committed capital and not on the called capital. Fees will be charged quarterly and in arrears. The quarterly fee is based upon the market value of all assets held within the client’s account on the last business day of the calendar quarter. For the first calendar quarter, fees will be adjusted pro rata based on the number of calendar days for which the advisory agreement was effective. Any contributions and/or withdrawals made during a calendar quarter may result in an adjustment to the advisory fee. For the non-discretionary management services or investment consulting services, the Firm may charge a fixed fee or may require a minimum amount to be paid on a quarterly basis. The amount of the fixed fee or the minimum account fee will depend on the nature and the complexity of the services to be provided. If paying a fixed fee, the quarterly fee will be charged in arrears. The first quarterly fee will be due on the first day of the first calendar quarter following the execution of the advisory agreement. The first quarterly fee will be prorated based on the number of calendar days for which the advisory agreement was effective. If the quarterly fee is based on assets under management and is subject to a minimum fee, we will notify the client quarterly of any deficit to be paid. Lower advisory fees may be negotiated on an individual account basis. As a result, clients with similar assets may have differing fee schedules and pay different fees. The advisory services commence on the date on which the advisory agreement is signed by us, and the advisory account is funded. FEE SCHEDULE MODIFICATIONS. We may adjust the fee schedule upon thirty (30) days’ prior written notice to the client. The client may be charged a pro rata fee in the event the client’s service is terminated on a day other than the last business day of the calendar quarter. In that event, the pro rata fee will be P a g e | 7  due and payable upon termination of the service. FEE FOR BUSINESS CONSULTING SERVICES. We provide business consulting services for a fixed fee that is negotiated with the client. The fee is based on the complexity of the transaction or financial matter and the scope of work. FEE FOR STATEMENT CONSOLIDATION SERVICES. We charge a fee based on the value of assets in the accounts. The fee may be charged monthly or quarterly. The fee rate and frequency will be negotiated with the client and will depend upon the number of accounts to be included in the consolidation services, the aggregate value of the accounts, and the reporting frequency. In certain cases, and at the sole discretion of Meridiana, consolidation fee could be waived. LOWER FEE DISCLOSURE. Lower fees for comparable management or other services may be available from other sources. Calculation and Deduction of Advisory Fees With respect to accounts that Adviser manages, clients are generally required to authorize Adviser to directly debit management fees from client accounts quarterly. Fees for investment advisory services and other non-discretionary programs are billed to clients, although frequently clients pre- authorize their custodians to automatically deduct the fees from the client’s account and to make payment to Adviser. Management fees are deducted or billed, as applicable, quarterly in arrears. A client may pay more or less fees than similar clients depending on the particular circumstances of the client, size, additional or differing levels of servicing or as otherwise agreed with specific clients. Clients that negotiate fees, including a flat fee, may end up paying a higher fee than that set forth above as a result of fluctuations in the client’s assets under management and account performance. Clients may terminate their contracts without penalty within 5 business days of signing the advisory contract. Advisory fees are withdrawn directly from the client’s accounts with client written authorization. Additional Fee Information Clients may authorize the Adviser to directly debit management fees from client accounts on a quarterly basis. In such instances, management fees are prorated for each contribution and withdrawal made during the applicable calendar quarter. Accounts initiated or terminated during a calendar quarter will be charged a prorated fee. Alternatively, in some instances, clients may receive an invoice for fees, in which it may choose to pay Meridiana directly for its billed fees for the relevant period. Adviser’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses which shall be incurred directly by the client. Clients may incur certain charges imposed by custodians, brokers, and other third parties such as fees charged by fund managers, custodial fees, P a g e | 8  deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic funds fees, and other fees and taxes on brokerage account and securities transactions. Mutual funds and exchange traded funds also charge internal management fees, which are disclosed in a fund’s prospectus. It is the Adviser’s policy not to accept “kick-backs” or retrocession fees from any third non-affiliated party providing services to the Adviser’s clients. Item 6 – Performance-Based Fees and Side-By-Side Management A. PERFORMANCE-BASED COMPENSATION Meridiana does not offer performance-based fee arrangements, which are fees based on a share of the capital gains or capital appreciation of the Client’s assets, such that the advisory firm participates directly in the performance results. B. SIDE-BY-SIDE MANAGEMENT “Side-by-Side Management” refers to a situation in which the same adviser manages accounts that are billed based only on a percentage of assets under management and at the same time manages other accounts for which fees are performance-based. This setup can raise potential conflicts of interest. For instance, the manager might be tempted to favor one client over the other, especially if they are compensated based on the performance of one account more than the other. This could lead to issues like allocating the best investment opportunities to the favored client or engaging in trades that benefit one client at the expense of the other. Meridiana does not engage in Side-by-Side Management or charges Performance Fees to any client. Item 7 – Types of Clients Meridiana provides asset and/or portfolio management services to individual & high net worth individuals, corporations, institutions and other entities. The minimum dollar value for establishing an Account is generally $15,000,000. Initial investments of a lesser amount may be accepted at Adviser’s discretion. Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss General Investment Strategies and Methods of Analysis Adviser has arrangements with third party service providers through which Adviser receives general macroeconomic analyses of economies, currencies, markets and market sectors. Such third-party service providers also provide research reports on specific securities, sample asset allocations and administrative services. Adviser uses such information and services as a tool and Adviser also performs its own research and due diligence on advisers and investment opportunities. Adviser makes investment allocation decisions based on each client’s investment objectives and risk tolerance, among other factors. Adviser identifies, structures, monitors, invests and liquidates investments in discretionary accounts. The design P a g e | 9  and day-to-day management of client portfolios is determined by Adviser through the assigned portfolio manager. Third party service providers utilized by the Adviser do not have access to or knowledge of information concerning the specific investment decisions and recommendations made to Adviser’s clients. Adviser seeks asset preservation and capital appreciation of clients’ portfolios by customizing asset allocations and selecting investment vehicles that it believes will align with each client’s short and long- term investment needs and goals. The asset class allocations forecasts and expectations are analyzed and invested in various financial instruments, typically include equity, fixed income, options and alternative investments. Adviser will select and monitor the investment vehicles for each asset class in the portfolios based on their history and prospective risk and return characteristics, and determine suitability for each client’s needs, as well as estimated fees and expense. Item 9 – Disciplinary Information Meridiana is required to disclose the facts of any legal or disciplinary events that are material to a client’s evaluation of our advisory business or the integrity of our management. We do not have any required disclosures under this item. Item 10 – Other Financial Industry Activities and Affiliations Recommendation of Other Advisers In certain cases, Meridiana recommends Third-Party Managers (“TPMs”) based on your needs and suitability. We will not receive separate compensation, directly or indirectly, from the TPM for recommending that you use their services. Moreover, we do not have any other business relationships with the recommended TPM(s). Refer to the Advisory Business section above for additional disclosures on this topic. Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Description of Our Code of Ethics Meridiana strives to comply with applicable laws and regulations governing our practices. Therefore, our Code of Ethics includes guidelines for professional standards of conduct for persons associated with our firm. Our goal is to protect your interests at all times and to demonstrate our commitment to our fiduciary duties of honesty, good faith, and fair dealing with you. All persons associated with our firm are expected to adhere strictly to these guidelines. Persons associated with our firm are also required to report any violations of our Code of Ethics. Additionally, we P a g e | 10  maintain and enforce written policies reasonably designed to prevent the misuse or dissemination of material, non-public information about you or your account holdings by persons associated with our firm. Clients or prospective clients may obtain a copy of our Code of Ethics by contacting us at the telephone number on the cover page of this brochure. Participation or Interest in Client Transactions Neither our firm nor any persons associated with our firm has any material financial interest in client transactions beyond the provision of investment advisory services as disclosed in this brochure. Personal Trading Practices Meridiana or persons associated with our firm may buy or sell the same securities that we recommend to you or securities in which you are already invested. A conflict of interest exists in such cases because we have the ability to trade ahead of you and potentially receive more favorable prices than you will receive. To mitigate this conflict of interest, it is our policy that neither our firm nor persons associated with our firm shall have priority over your account in the purchase or sale of securities. Block Trades Meridiana or persons associated with our firm may buy or sell securities for you at the same time we or persons associated with our firm buy or sell such securities for our own account. We may also combine our orders to purchase securities with your orders to purchase securities (“block trading”). Refer to the Brokerage Practices section in this brochure for information on our block trading practices. A conflict of interest exists in such cases because we have the ability to trade ahead of you and potentially receive more favorable prices than you will receive. To mitigate this conflict of interest, it is our policy that neither our firm nor persons associated with our firm shall have priority over your account in the purchase or sale of securities. We generally do not enter block trades for non-discretionary accounts. Accordingly, non- discretionary accounts may pay different costs than discretionary accounts pay. If you enter non-discretionary arrangements with our firm, we may not be able to buy and sell the same quantities of securities for you and you may pay higher commissions, fees, and/or transaction costs than clients who enter into discretionary arrangements with our firm. Agreements with affiliated companies Meridiana MFO LLC maintains an administrative service agreement with “Administración MFO SLU”, an affiliated company located in Andorra which provides support to the RIA including the outsourcing services for the access persons of the RIA located offshore. P a g e | 11  Item 12 – Brokerage Practices As part of Meridiana’s relationship with its clients, its Investment Advisory Agreement provides that client may restrict the discretion and direct brokerage to any broker. The Adviser is authorized in its Investment Advisory Agreement to select other securities brokers unless the client directs otherwise in the Agreement. Typically, Meridiana considers which broker-dealer will be able to effect the transaction efficiently. Additionally, the research and services provided by the broker-dealer with respect to the particular type of investment may be a factor in the selection process. The commissions payable to such broker- dealers may in certain cases be higher than those attainable from other broker-dealers who do not provide such research and services. Ordinarily, such research will be used to service all of the Adviser’s accounts. Under the Adviser’s standard Investment Advisory Agreement, the client can revoke the Adviser’s authority to select the broker-dealer for the accounts. It is the Adviser’s policy not to enter soft dollar arrangements. Adviser does not consider, in selecting or recommending broker-dealers, whether Adviser or a related person receives Client referrals from such broker-dealer. Brokerage for Client Referrals Adviser does not direct brokerage to particular brokers in consideration for client referrals. Item 13 – Client Referrals and Other Compensation Meridiana, from time to time, receives client referrals, and such referrals often come from current clients, attorneys, accountants, employees, personal friends of employees and other similar sources. In most cases, these referrals are not compensated; however, the firm may sign Solicitor’s Agreements with individuals or companies in the US or abroad; in those cases, Meridiana will pay a percentage of the advisory fees paid by the referred clients to the solicitor. Item 14 – Custody All assets are typically held at qualified custodians, in the US or abroad. The custodians provide account statements directly to clients at their address of record at least quarterly. Therefore, aside from debiting fees from its clients’ accounts to pay for services rendered, Meridiana does not maintain custody of its clients’ funds. Clients receive monthly or quarterly statements from the broker-dealer, bank or other qualified custodian that holds and maintains the client’s investment assets. Item 15 – Investment Discretion Adviser may receive discretionary authority from the client at the outset of an advisory relationship to P a g e | 12  select the identity and amount of securities to be bought or sold. In all cases, however, such discretion is to be exercised in a manner consistent with the stated investment objectives for the particular client account. When selecting securities and determining amounts, Adviser observes the investment policies, limitations and restrictions of the clients for which it advises. Investment guidelines and restrictions must be provided to Adviser in writing. Currently, Meridiana does not have any Discretionary Advisory Agreements in place. Item 16 – Voting Client Securities Meridiana will not vote proxies on behalf of your advisory accounts. At your request, we may offer you advice regarding corporate actions and the exercise of your proxy voting rights. If you own shares of applicable securities, you are responsible for exercising your right to vote as a shareholder. In most cases, you will receive proxy materials directly from the account custodian. However, in the event we were to receive any written or electronic proxy materials, we would forward them directly to you by mail, unless you have authorized our firm to contact you by electronic mail, in which case, we would forward any electronic solicitations to vote proxies. Class Action Lawsuits Meridiana does not determine if securities held by you are the subject of a class action lawsuit or whether you are eligible to participate in class action settlements or litigation nor do we initiate or participate in litigation to recover damages on your behalf for injuries as a result of actions, misconduct, or negligence by issuers of securities held by you. Item 17 – Financial Information Meridiana does not have any financial condition or impairment that would prevent us from meeting our contractual commitments to you. We do not take physical custody of client funds or securities, or serve as trustee or signatory for client accounts, and we do not require the prepayment of more than $1200 in fees six or more months in advance. Therefore, we are not required to include a financial statement with this Brochure. Meridiana has not filed a bankruptcy petition at any time in the past ten years. P a g e | 13  Additional Information Privacy Meridiana views protecting your private information as a top priority. Pursuant to applicable privacy requirements, we have instituted policies and procedures to ensure that we keep your personal information private and secure. Meridiana may disclose your non-public personal information to non-affiliated third parties. In the course of servicing your account, we may share some information with our service providers, such as transfer agents, custodians, broker-dealers, accountants, consultants, and attorneys. Meridiana restricts internal access to non-public personal information about you to employees who need that information in order to provide products or services to you. We maintain physical and procedural safeguards that comply with regulatory standards to guard your non-public personal information and to ensure our integrity and confidentiality. We will not sell information about you or your accounts to anyone. Meridiana does not share your information unless it is required to process a transaction, at your request, or required by law. You will receive a copy of our privacy notice prior to or at the time you sign an advisory agreement with our firm. If you decide to close your account(s) we will adhere to our privacy policies, which may be amended from time to time. If we make any substantive changes in our privacy policy that would further permit or require disclosures of your private information, we will provide written notice to you. Where the change is based on permitted disclosures, you will be given an opportunity to direct us as to whether such disclosure is acceptable. Where the change is based on required disclosures, you will only receive written notice of the change. You may not opt out of the required disclosures. If you have questions about our privacy policies, contact our main office at the telephone number on the cover page of this Brochure. Cybersecurity Meridiana utilizes electronic communication networks and electronic mediums to maintain information regarding its clients and its business. This creates the potential for cybersecurity incidents or cyberattacks that may result in the inadvertent disclosure of confidential sensitive information to unintended parties, unauthorized access to confidential sensitive information, or operational disruptions by malicious hackers. Meridiana has in place policies and procedures regarding information technology security, maintains technical and physical safeguards and takes other reasonable precautions to safeguard the confidentiality of sensitive information and internal data. However, despite reasonable precautions, the risk remains that cybersecurity incidents may occur. If such an event, were to occur, Meridiana will promptly notify the affected parties and take all necessary appropriate actions. P a g e | 14  FORM ADV PART 2B – BROCHURE SUPPLEMENT December 31, 2025 This brochure supplement provides information about the supervised persons listed below that supplement the CO LLC Brochure. Please contact Ariadna Tomas, CCO, if you have any questions about the contents of this supplement. List of Supervised Persons Enrique Carrillo, CFA, FRM, CAIA Managing Partner / Investment Manager ecarrillo@meridiana-mfo.com ⃒ Ariadna Tomas Chief Compliance Officer atomas@meridiana-mfo.com ⃒ Maria Grau Head of Back Office mgrau@meridiana-mfo.com ⃒ Geraldine Quiroga Head of Alternative Investments gquiroga@meridiana-mfo.com ⃒ Albert Rovira, CFA, CAIA Senior Portfolio Manager arovira@meridiana-mfo.com ⃒ MERIDIANA MFO, LLC 2600 S. Douglas Rd. Suite 908 Coral Gables, FL, 33134 Telephone: (305) 448-0014 Additional information about the above supervised persons is available on the SEC’s website at www.adviserinfo.sec.gov. P a g e | 15  ENRIQUE CARRILLO, CFA, FRM, CAIA – CRD NO. 7193382 MANAGING PARTNER & INVESTMENT MANAGER Item 2 - Educational Background and Business Experience Mr. Enrique Carrillo (DOB 10/19/1977) is the Managing Partner and Investment Manager of Meridiana MFO, LLC. Mr. Enrique Carrillo has over 25 years of experience managing Latin American and multinational HNW and UHNWI relationships. He joined Banco Santander International in Miami at the Investments & Products Division in 2013. In the last 7 years, Mr. Carrillo has provided investment advisory services to Latin American and European HNW & UHWI. Mr. Carrillo was appointed Senior Vice-President for Banco Santander International, and Director of Portfolio Advisory managing a group of twenty-two investment advisor. Prior to joining Banco Santander International, Mr. Carrillo was a Senior Product Specialist at Banco Espanol de Credito (Banesto) in Spain, where he worked for 5 years and was responsible of the International Funds Selection platform. From May 2004 to May 2008, Mr. Carrillo was an Investment Manager of Welzia Management, an asset manager domiciled in Madrid, Spain, where he managed several fund mandates and investment programs for HNWI. From February 2000 to May 2004, Mr. Carrillo was an Investment Manager of BBVA Seguros, an insurance company domiciled in Madrid, Spain, where he managed asset & liabilities mandates for institutional and retail clients. Education Mr. Carrillo is a Chartered Financial Analyst1, a chartered in Alternative Investment Analyst2, and a Certified Financial Risk Manager3 by the Global Association of Risk Professionals (GARP). Mr. Carrillo 1 The chartered financial analyst (CFA) charter is a globally-recognized professional designation offered by the CFA Institute, an organization that measures and certifies the competence and integrity of financial analysts. Candidates are required to pass three levels of exams covering areas such as accounting, economics, ethics, money management, and security analysis. For additional information, please visit the CFA Institute web site at: https://www.cfainstitute.org/ 2 The CAIA Association® is a global organization with management offices strategically located in Geneva, Hong Kong, and Massachusetts. It was founded by The Alternative Investment Management Association (AIMA) and The Center for International Securities and Derivatives Markets (CISDM). After passing the Level II exam, candidates are eligible, with relevant professional experience, to join the CAIA Association as a Member and receive the CAIA Charter. For more information, visit CAIA’s web site: https://caia.org/programs/the-caia-charter 3 Financial risk manager (FRM) is a professional designation issued by the Global Association of Risk Professionals (GARP). The GARP FRM accreditation is globally recognized as the premier certification for financial risk professionals dealing in financial markets. To earn the FRM certification, candidates must pass two rigorous exams and also work two years in the field of risk P a g e | 16  obtained his Executive Master in Options, Futures and other Derivatives from IEB – Options & Futures Institute, domiciled in Madrid-Spain. He graduated from University of the Basque Country with a BS in Actuarial Science July 1999, and after obtained a specialization in Actuarial Science from BBVA-School of Finance in 2001. Item 3 - Disciplinary Information Mr. Carrillo does not have any disciplinary information to disclose. Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would-be material to your evaluation of each supervised person providing investment advice. link Disciplinary history can be found on FINRA’s BrokerCheck system. The BrokerCheck is www.finra.org/brokercheck. You may find detailed information by typing the representative’s name and downloading the full report, read under “Disclosure Event Details”. Item 4 - Other Business Activities Mr. Carrillo is the sole shareholder and manager of Administration MFO S.L.U., an affiliated company based in Andorra. This company provides administrative and operational services to Meridiana MFO, pursuant to a service agreement. Item 5 - Additional Compensation Mr. Carrillo does not receive any additional compensation from any other sources. Item 6 - Supervision Individual(s) responsible for supervising the activities of Mr. Carrillo is the Chief Compliance Officer of Meridiana, Mrs. Ariadna Tomas, who reports directly to the board of members of Meridiana MFO LLC at least on a quarterly basis. management. FRMs possess specialized knowledge in assessing risk and typically work for major banks, insurance companies, accounting firms, regulatory agencies, and asset management firms. For additional information, please visit the web site for Global Association of Risk Professionals (GARP) at https://www.garp.org/ P a g e | 17  ALBERT ROVIRA, CFA, CAIA - CRD NO. 7768750 SENIOR PORTFOLIO MANAGER Item 2 - Educational Background and Business Experience Mr. Albert Rovira (DOB 01/15/1990) is a Senior Portfolio Manager at Meridiana MFO, LLC. Mr. Albert Rovira has over 10 years of experience managing multinational HNW portfolios. He joined the Multi Family Office Alkimia Capital in Andorra as a Portfolio Manager in 2016. In the last 7 years, Mr. Rovira main tasks has been the generation and analysis of investment proposals, the construction of portfolios, as well as the follow-up and supervision of client portfolios. Prior to joining Alkimia Capital, from 2014 to 2016, Mr. Rovira worked in the Middle Office department of Andbank in Andorra, where he was in charge of supervising the operational risks of investment funds and Sicavs. In addition, he was responsible of reporting to the regulator the situation of the entity investment account and the exposure of derivatives products. From 2012 to 2014, Mr. Rovira worked at Banco Sabadell in Spain as an Investment Advisor to the retail and private branches, as well as following-up client’s discretionary portfolios. Education Mr. Rovira is a Chartered Financial Analyst4 by the CFA Institute and a Chartered Alternative Investment Analyst by the CAIA Institute5. He graduated from University Pompeu Fabra in Barcelona with a BSc in Business Administration and Management in 2012. He also has finished several courses on programming languages and quantitative finance. Item 3 - Disciplinary Information Mr. Rovira does not have any disciplinary information to disclose. Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would-be material to your evaluation of each supervised person providing investment advice. 4 The chartered financial analyst (CFA) charter is a globally-recognized professional designation offered by the CFA Institute, an organization that measures and certifies the competence and integrity of financial analysts. Candidates are required to pass three levels of exams covering areas such as accounting, economics, ethics, money management, and security analysis. For additional information, please visit the CFA Institute web site at: https://www.cfainstitute.org/ 5 The CAIA Association® is a global organization with management offices strategically located in Geneva, Hong Kong, and Massachusetts. It was founded by The Alternative Investment Management Association (AIMA) and The Center for International Securities and Derivatives Markets (CISDM). After passing the Level II exam, candidates are eligible, with relevant professional experience, to join the CAIA Association as a Member and receive the CAIA Charter. For more information, visit CAIA’s web site: https://caia.org/programs/the-caia-charter P a g e | 18  link is Disciplinary history can be found on FINRA’s BrokerCheck system. The BrokerCheck www.finra.org/brokercheck. You may find detailed information by typing the representative’s name and downloading the full report, read under “Disclosure Event Details”. Item 4 - Other Business Activities Mr. Rovira does not have any other business activities besides Meridiana MFO LLC. Item 5 - Additional Compensation Mr. Rovira is an employee of and is directly compensated by Administration MFO S.L.U., an affiliated company based in Andorra. This company provides administrative and operational services to Meridiana MFO, pursuant to a service agreement. Mr. Rovira does not receive any additional compensation from any other sources. Item 6 - Supervision Individual(s) responsible for supervising the activities of Mr. Rovira is the Chief Compliance Officer of Meridiana, Mrs. Ariadna Tomas, who reports directly to the board of members of Meridiana MFO LLC at least on a quarterly basis. P a g e | 19