ADVISORY BUSINESS
Wexford Capital LP, a Delaware limited partnership, was formed in February 2009 and is the successor to Wexford Capital LLC, which was formed in December 1995, and Wexford Management Corp., which was incorporated in May 1994. Wexford Core Equities Management LP, a Delaware limited partnership, was formed in January 2020 (with Wexford Capital LP, collectively, “Wexford”). Wexford has over sixty (60) employees and an office in both West Palm Beach, Florida and Greenwich, Connecticut. Charles E. Davidson, Wexford’s Chairman and Chief Investment Officer, and Joseph M. Jacobs, Wexford’s President, are the principal owners of Wexford and have ultimate authority over the management, operations and investment decisions made by Wexford. Wexford serves as the investment adviser, sub-adviser, manager or general partner (collectively, the “Manager”) for a variety of private pooled investment vehicles over which Wexford has discretionary trading authority. These private pooled investment vehicles include, but are not be limited to, U.S. limited partnerships, U.S. limited liability companies, non-U.S. limited partnerships, and non-U.S. corporations that are structured as either hedge funds (collectively, the "Hedge Funds") or private equity funds (collectively, the "Private Equity Funds" and, together with the Hedge Funds and any other private pooled investment vehicle managed by Wexford, the "Funds"). Each Hedge Fund is generally structured as a “master-feeder” fund, whereby the “feeder” fund of a Fund invests in the “master” fund of such Fund or, on occasion, in other investment vehicles managed by Wexford. Each Private Equity Fund is generally structured as a single-entity fund. None of the Funds are required to be registered as an investment company under the Investment Company Act of 1940 and Wexford does not participate in any wrap fee programs. Wexford performs investment advisory services for the Funds in accordance with the offering memorandum for each such Fund (in each case, a “Memorandum” and, collectively, the “Memoranda”). Investments made by Wexford on behalf of any Fund may be in the form of preferred stock, debt, warrants, common stock, options or other types of securities or ownership interests. Moreover, special purpose entities managed by Wexford may also invest in the foregoing forms of investments through private equity, distressed securities or special situation investments. Please see Item 8 for a more detailed description of Wexford's advisory services. Although not necessarily an exhaustive list of legal entities advised or managed by Wexford, Wexford currently provides administrative and/or investment management services to the following Funds:  Wexford Spectrum Fund, L.P., a Delaware limited partnership, and Wexford Offshore Spectrum Fund, a Cayman Islands exempted company (collectively, the "Spectrum Funds"), which are opportunistic, multi-strategy/global macro hedge funds;  Wexford Catalyst Fund, L.P., a Delaware limited partnership, and Wexford Offshore Catalyst Fund Limited, a Cayman Islands exempted company (collectively, the "Catalyst Funds"), which are focused on the energy, natural resources, and industrial sectors;  Wexford Credit Opportunities Fund, L.P., a Delaware limited partnership, and Wexford Offshore Credit Opportunities Fund Limited, a Cayman Islands exempted company (collectively, the "Credit Opportunities Funds"), which are multi-strategy, credit-oriented hedge funds focused on high-yield debt, distressed debt, mortgages, and special situations equity;  Wexford Core Equities Domestic Fund LP, a Delaware limited partnership, and Wexford Offshore Core Equities Fund Limited, a Cayman Islands exempted company (collectively, the "Core Equities Funds"), which are fundamentally oriented, long/short equity hedge funds focused on single name, alpha-generating long and short positions in publicly-traded equity securities;  Wexford Absolute Return Fund, L.P., a Delaware limited partnership (the "Absolute Return Fund"), which is an insurance-dedicated fund that predominately invests in other Funds;  Wexford Focused Equities, L.P. (the “Focused Equities Fund”), a Delaware limited partnership, which is a hedge fund focused on equities;  Wexford Long Term Equity Fund, L.P. (the “Long Term Equity Fund”), a Delaware limited partnership, which is a hedge fund focused on equities;  Wexford-MIT Energy II, L.P., a Delaware limited partnership that has a lead investor and a small number of additional investors who are affiliated with Wexford;  Wexford Partners VII, L.P., a Delaware limited partnership; Wexford Offshore Partners VII Limited, a Cayman Islands exempted company; Wexford Partners VIII, L.P., a Delaware limited partnership; Wexford Partners 9, L.P., a Delaware limited partnership; Wexford Partners 10, L.P., a Delaware limited partnership; and Wexford Partners 11, L.P., a Delaware limited partnership; each of which is a private equity fund that may invest, whether proactively or passively, in a wide array of private asset classes. In addition to those Funds set forth above, Wexford may, on behalf of certain Private Equity Fund investors, manage certain entities that hold certain assets that remain after the liquidation and dissolution of the relevant Private Equity Fund(s) due to such remaining assets not having yet been liquidated. As of December 31, 2019, the value of Wexford’s net assets under management was approximately $2.0 billion. This Brochure generally includes information about Wexford and its relationships with its Funds and affiliates. While much of this Brochure applies to all such Funds and affiliates, certain information included herein applies to specific Funds or affiliates only. As used herein, the term "client" refers to any Fund. please register to get more info

FEES AND COMPENSATION
Wexford, in its capacity as Manager, generally charges an asset based fee of 1-2% per year on assets under management for the Funds (the "Management Fee”). Wexford and/or its affiliates share in profits based on the performance of the assets under management pursuant to the terms of the relevant agreement, generally 20% of profits generated (the "Incentive Compensation"). For its Hedge Funds and certain other Funds, Wexford also charges an administrative fee (the "Administrative Fee" and, together with Management Fee and Incentive Compensation, collectively, the “Fees”) of 0.125-0.175% per annum of the net asset value of each class of shares or interests. The specific fees applicable to each Fund are set forth in each Fund's Memorandum. Certain investors may pay reduced or no Management Fees or Incentive Compensation as set forth in the applicable Memorandum. Fees and any other compensation paid to Wexford or its affiliates by the Funds are generally deducted from the assets of the Funds, whereby (i) the Management Fee for the Hedge Funds is generally paid on a monthly basis in advance and the Management Fee for the Private Equity Funds is generally paid on a quarterly basis in advance, (ii) the Incentive Compensation for the Hedge Funds is generally paid on an annual basis (or upon realization or deemed realization of a "special investment" in a Hedge Fund, where such special investment comprises part of such Fund's investment strategy) and the Incentive Compensation for the Private Equity Funds is generally paid after the relevant investors have received a return of all of their capital contributions to the relevant Private Equity Fund. With respect to those Funds that permit investors to redeem or withdraw capital, such redemptions and/or withdrawals are generally permitted on a quarterly basis. In the event that a Fund bears any fees or expenses in connection with the operation of such Fund (collectively, the “Fund Operating Expenses”), such Fund will generally charge its investors their respective pro rata portion of such Fund Operating Expenses. While further detailed in the Memoranda, Fund Operating Expenses may include, but are not limited to, the following: Organizational costs and expenses; taxes and governmental fees; investment expenses; brokerage and commission expenses; due diligence and consulting fees; fees and expenses of open and closed-end funds or of unaffiliated investment advisers; margin expenses; premium and interest expenses; expenses of any other investment vehicles; license, maintenance and other fees; registration, transfer agents, and custodial fees and expenses; stock exchange listing fees; portfolio pricing fees; insurance expenses; operating expenses; legal, accounting, audit and tax preparation expenses, including but not limited to fees for (i) internal legal or tax preparation services and/or (ii) services performed by Wexford’s or an affiliate’s management, legal, accounting or administrative personnel for the benefit of any operating company or special purpose entity in which the relevant Fund may have investments; investment research expenses; director and STAR Trust expenses (for offshore Funds); overhead or other fees and expenses borne by any Wexford subsidiary or affiliate in respect of services provided in connection with any investments made by the relevant Fund(s); other out-of-pocket costs and expenses borne by Wexford and/or its affiliates in connection with the relevant Fund(s) and/or its underlying assets or investments; and any extraordinary expenses such as litigation and indemnification of the general partner of the relevant Fund, Wexford and/or their respective affiliates. please register to get more info

PERFORMANCE-BASED FEES AND SIDE-BY-SIDE MANAGEMENT
Wexford and, if applicable, its affiliates are paid Incentive Compensation by every Fund in accordance with such Fund’s respective Memorandum. As a result, Wexford and its affiliates do not have any conflicts of interest that may arise as result of accepting Incentive Compensation from certain Funds, but not from other Funds. Although Wexford’s Incentive Compensation may vary among Funds (or classes thereof), Wexford does not deem any such variation to create any material risk that Wexford will favor certain Funds (or classes thereof) over others. Wexford is committed to allocating investment opportunities on a fair and equitable basis and has established policies and procedures to address any such conflicts of interest (see Item 11 for information relating to Wexford's allocation policy). please register to get more info

TYPES OF CLIENTS
Wexford provides investment advice to the Funds and other investment vehicles, as described in Item 4 above. Wexford generally imposes a minimum initial investment of $1 million - $5 million per investor in each Fund, although any such Fund may accept lesser amounts. please register to get more info

METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS
Methods of Analysis and Investment Strategies
Wexford provides investment advisory services to a series of Hedge Funds and Private Equity Funds that invest in a wide variety of industries. Wexford believes that managing such a wide variety of Funds enables Wexford to have detailed knowledge and perspective across the private and public equity markets for the sectors on which Wexford is currently focused and that such detailed knowledge and perspective provide the Funds’ with an incremental competitive advantage due to their collective breadth and depth of resources. Wexford has particular expertise investing in the following sectors: bankruptcy/distressed, energy/natural resources, real estate, technology/telecommunication, and transportation. Wexford’s activity level in any of these sectors at any given time depends on Wexford’s macro view of the world. In addition, if Wexford believes that there is a compelling opportunity in an investment space outside of one of Wexford’s core areas of expertise, Wexford may partner with a third-party specialist with expertise in such investment space with whom Wexford may consult in connection therewith or form joint ventures. Wexford may purchase or sell short a wide variety of securities and other financial instruments of U.S. and non-U.S. issuers, including but not limited to common stock, stock warrants and rights, preferred stock, bonds, debentures, convertible securities, government securities, various types of bankruptcy claims, swaps, non-U.S. currencies, index options, futures, mortgages, commodity futures and option contracts, and arbitrage situations. In addition, when deemed advantageous to any Fund, Wexford may participate in initial public offerings and/or invest in esoteric companies or opportunities due to perceived attractive rates of returns with respect to such investments. Wexford’s methods of analysis include, without limitation, fundamental, technical and cyclical analysis. Wexford has significant expertise in utilizing complex financial and mathematical structures to create sophisticated analytical tools, which Wexford applies to fixed income products and other derivative securities, including but not limited to options, futures and convertible bonds. Wexford’s Funds may maintain, as Wexford deems appropriate, assets in cash or cash-equivalent instruments for the purpose of strategically maintaining liquidity, whether in preparation to make certain investments, fund redemptions or withdrawals or for any other reason relating to Wexford’s view of what may be best for the stability and success of the Funds. Any income earned from investments made by a Fund may be re-invested by that Fund in accordance with that Fund’s investment strategy. Certain Funds may organize or acquire special purpose entities. These special purpose entities may also invest in the foregoing forms of investments through private equity, distressed securities or special situation investments and thereby provide a liquid market for the trading of such investments. Wexford or its affiliates may determine that certain Hedge Fund assets or securities either lack a readily assessable market value or should be held until the resolution of a special event or circumstance (each, a “Special Investment”). Each Special Investment will be maintained in a special investment account on the books and records of the Fund until its realization or the determination by Wexford or its affiliates that such investment need not be treated as a Special Investment any longer. An investor in a Hedge Fund will have the option to participate in any Special Investment in which such Hedge Fund participates subsequent to such investor’s initial investment in such Hedge Fund. The descriptions contained herein of specific investment strategies employed and/or investments made by a Fund should not be construed in any way as limiting the scope of such Fund's investment activities. A Fund may engage in any investment strategy and participate in any investment as Wexford deems fit, regardless of whether such investment strategy or investment is specifically described herein. Set forth below are brief descriptions of certain principal investment strategies employed by Wexford with respect to managing the Funds. Please refer to the Memorandum of the relevant Fund for more information about the investment strategies in connection with such Fund.

Spectrum Funds The Spectrum Funds are opportunistic, multi-strategy hedge funds that employ a macro investment style combined with a strong value bias and an emphasis on managing to market cycle and sentiment. The goal of the Spectrum Funds is to maximize total rates of return while achieving low-to-moderate volatility. Catalyst Funds The Catalyst Funds are absolute rate of return funds focused on the energy, natural resources and industrials sectors, primarily through a portfolio of long and short equities, debt and commodities. The Catalyst Funds invest and trade primarily across global markets in the energy, natural resources, and industrial sectors. Credit Opportunities Funds

The Credit Opportunities Funds are multi-strategy, credit oriented funds focused on high-yield and distressed debt, mortgages, and special situations equity that utilize a flexible strategy in an effort to maximize total returns throughout the complete credit cycle while minimizing drawdowns. The Credit Opportunities Funds invest primarily in debt and equity securities, whole loan mortgages, and bank loans by taking long and/or short positions therein. The Credit Opportunities Funds seek to maintain low-to-moderate volatility, utilize limited leverage, and maintain broad diversification at all times. Core Equities Funds The Core Equities Funds are fundamentally oriented, long/short equity hedge funds focused on single name, alpha-generating long and short positions in publicly-traded equity securities. The goal of the Core Equities Funds is to achieve absolute returns on both sides of the book. Other Hedge Funds The Absolute Return Fund is an insurance-dedicated fund that predominantly invests in other Funds. The Focused Equities Fund and Long Term Equities Fund are long biased equity funds. Private Equity Funds

Rather than creating dedicated sector or industry funds, the Private Equity Funds generally have a relatively broad mandate to seek out compelling investment opportunities wherever they may lie. Wexford constantly surveys the investment landscape for sectors that are poised to exhibit superior returns and adjusts asset allocations among the Funds accordingly. This approach ensures that Wexford is not "forced" into making investments in certain sectors that Wexford believes will underperform or provide mediocre returns going forward.
Material, Significant, or Unusual Risks Relating to Investment Strategies and Particular
Types of Securities
The following list of risk factors does not purport to be a complete list of the risks presented by investing in any of the Funds. These risk factors include only those risks that Wexford believes to be material, significant or unusual and relate to particular investment strategies or methods of analysis employed by Wexford. Please refer to the Memorandum of the relevant Fund for a more complete description of the risks presented by investing in such Fund. The investment strategies that Wexford employs for the benefit of the Funds are speculative and entail substantial risk and, thus, the Funds should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any Fund will be achieved and past results should not be viewed as an indication of future performance. Material, significant or unusual risks presented by investing in the Funds include, for example and without limitation, risks that may be associated with leverage, counterparties, co-investment, control positions, diversification, concentration, discretionary investments, hedging, currency, commodity, derivatives, securities lending, call and put options, illiquidity, low credit quality and distressed securities, valuation, credit cycles, equitable subordination, real estate, environmental liability, bank loans and participations, litigation, insolvency, bankruptcy, relative value strategies, directional trading, emerging markets, sovereign debt, municipal securities and uncertain exit strategies. please register to get more info

DISCIPLINARY INFORMATION
There are no legal or disciplinary events that Wexford deems to be reasonably material to an investor or prospective investor’s evaluation of Wexford's advisory business or the integrity of Wexford's management. please register to get more info

OTHER FINANCIAL INDUSTRY ACTIVITIES AND AFFILIATIONS
Neither Wexford nor any of its management personnel is registered as a broker-dealer and none of the foregoing have an application pending to register with the SEC as a broker-dealer or registered representative of a broker-dealer. Wexford is registered with the CFTC as a commodity pool operator (a “CPO”) and Charles E. Davidson, Wexford’s Chairman and Chief Investment Officer, is designated as an associated person in connection with Wexford’s registration as a CPO. As of the date hereof, Wexford, in its capacity as a CPO, is exempt pursuant to 17 CFR 4.13(a)(3). Wexford or its affiliates may receive closing fees, consulting fees, advisory fees and options, transaction fees or break-up fees (net of certain expenses of transactions not completed) or other fees in connection with a Fund's investments. Typically, one-half of such amounts received by Wexford or its affiliates multiplied by a Fund’s pro rata interest in the underlying portfolio investment will be credited to such Fund as an offset against Management Fees otherwise payable. Wexford performs certain accounting and administrative functions on behalf of each Fund. As compensation for such services, Wexford receives the Administrative Fee described in Item 5 above. In addition, Wexford has entered into a services agreement with a third-party administrator to perform certain administrative and compliance services for the benefit of the Hedge Funds and certain compliance services for the benefit of the Private Equity Funds for which Wexford pays such third-party administrator directly. Wexford may, from time to time, invest relatively small portions of Hedge Fund capital with one or more unaffiliated investment managers. Wexford's principals may, from time to time, co-invest with the Funds or invest in assets similar to those in which the Funds invest. Such co-investments are typically permitted with respect to investments that (i) are outsized for the applicable Fund(s), (ii) require a level of liquidity that the Fund(s) do not have at the time that such investment opportunity arises or (iii) have been deemed by Wexford to otherwise be inappropriate for the applicable Fund(s). Wexford does not believe that any information set forth above presents any material conflict of interest with respect to the Funds or any of the Funds’ underlying investors. please register to get more info

CODE OF ETHICS, PARTICIPATION OR INTEREST IN CLIENT TRANSACTIONS
AND PERSONAL TRADING
Code of Ethics
Wexford is committed to conducting its investment advisory business and management of the Funds in a manner that is consistent with Wexford’s fiduciary obligation to the Funds and in accordance with all applicable laws, rules and regulations. In furtherance of these objectives with respect to Wexford’s advisory business and the Funds, Wexford has adopted a Compliance Manual (the “Manual”), which sets forth various policies by which Wexford and its Covered Persons (as defined below) must abide pursuant to applicable law, including a Code of Ethics (the "Code"). The Manual is distributed to each Wexford employee upon hire and, thereafter, on at least an annual basis. The Manual incorporates inter alia the following principles that each Wexford employee and any immediate family member with whom such employee resides (each a “Covered Person” and, collectively, the “Covered Persons”) are expected to uphold:  Each Covered Person must, at all times, prioritize the interests of the Funds over his/her own financial interests;  Any personal financial transaction covered by the Code engaged in by a Covered Person must be conducted in a manner consistent with the Code; and  To the extent that a Covered Person is aware of the identity of securities owned by and/or the financial circumstances of any Fund or any such Fund’s investors, such Covered Person must generally keep such information confidential and not disclose any such information to any third party. Investors and prospective investors in any Fund may request a copy of the Code by contacting Wexford at the address or telephone number listed on the first page of this document.
Cross Trades
Wexford may, in accordance with the Manual, execute certain transactions between or among the Funds. Such transactions, otherwise referred to as “cross trades”, are entered into only when Wexford deems the transaction to be in the interests of those Funds involved in such cross trade, including considerations regarding “best execution” for such Funds.
Principal Transactions
Wexford may execute certain transactions between itself and a Fund, which is otherwise referred to as a principal transaction. In the event that Wexford engages in any principal transactions, Wexford ensures that it does so in accordance with the Manual in respect of Section 206(3) of the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Personal Trading Policy Pursuant to Rule 204A-1 under the Advisers Act, the Code governs many types of personal transactions (each, a “Covered Transaction” and, collectively, the “Covered Transactions”), including (i) the requirement that all Covered Persons disclose (a) any account in which he/she may have direct or indirect influence or control over any Covered Transaction (each, a “Covered Account”) and (b) any holdings in any such Covered Account and (ii) the requirement that a Covered Transaction must be approved by Wexford in accordance with the Code prior to a Covered Person being permitted to execute any such Covered Transaction. Barring exceptional circumstances as may be determined by Wexford on a case-by-case basis, Wexford does not permit any Covered Person to engage in (i) any Covered Transaction in which any Fund is actively participating and/or in connection with which any Wexford employee is privy to any material non-public information or (ii) any Covered Transaction that involves a security that any Fund owns (unless the market capitalization of the issuer of such security is no less than $10 billion).
Conflicts of Interest
Since Wexford manages a variety of Funds whereby certain Funds may have an investment strategy that is similar to or overlaps with that of another Fund and, thereby, may result in more than one Fund co-investing in an investment opportunity, Wexford is committed to allocating such investment opportunities between or among such Funds on a fair and equitable basis pursuant to internal allocation policies and procedures that are intended to ensure that no Fund will receive preferential treatment over any other Fund. However, due to various factors and considerations, including but not limited to the potentially different objectives, risk tolerances, tax situations and timing of capital contributions and withdrawals when comparing one Fund to another Fund, there may always be variation with respect to the specific types and sizes of positions held by a Fund when compared to another Fund. In addition to the allocation policies and procedures referenced above, Wexford has also adopted a written procedure for the allocation of any new issues, secondary offerings, and private placements of equity securities. All allocations in connection with the Funds are reviewed by Wexford’s valuation committee on a periodic basis. please register to get more info

BROKERAGE PRACTICES
Broker-Dealer Selection
Wexford generally has discretionary authority to engage in a wide variety of investments for the benefit of the Funds without being obligated to obtain prior consent from the applicable Fund(s) regarding the details of any such investment, including but not limited to (i) which securities are bought and sold for the benefit of a Fund; (ii) the total amount of a security to be bought or sold for the benefit of a Fund; (iii) the broker(s) that Wexford engages in connection with the purchase or sale of securities for the benefit of a Fund; and (iv) the prices and commission rates paid in connection with any such investments. Wexford will generally allocate portfolio transactions to broker-dealers on the basis of best execution. In selecting broker-dealers, Wexford will consider the full range and quality of a broker-dealer's services in placing trades; including, without limitation, price; commission rates; the size, type and difficulty of the relevant transaction; confidentiality; the broker's general execution and operational capability; the broker’s reliability and financial responsibility; the level of risk posed by trading and/or holding the relevant securities with such broker; and any research products or research-related services provided by such broker. Accordingly, if Wexford determines in good faith that the amount of commissions charged by a broker is reasonable in relation to the value of the brokerage and research products or services provided by such broker, the Funds may pay commissions to such broker in an amount greater than the amount another broker might charge.
Soft Dollars
From time to time, the Funds may pay a broker-dealer commissions (or dealer markups and markdowns arising in connection with riskless principal transactions) for executing transactions in excess of that which another broker-dealer might have charged for executing those same transactions due to the additional value of the brokerage and research products and services provided by the broker-dealer. The use of commissions or “soft dollars” to pay for such brokerage and research products or services falls within the “safe harbor” provided under Section 28(e) of the Securities Exchange Act of 1934, as amended, since such brokerage and research products and services benefit the applicable Fund. Under Section 28(e), research obtained with soft dollars generated by a Fund may be used by Wexford to service other Funds, including Funds that may not have paid for soft dollar benefits. Please refer to the relevant Fund’s Memorandum for a further description of the use of soft dollars with respect to such Fund. Order Aggregation If Wexford or any of its affiliates determines that it would be appropriate for more than one Fund to participate in an investment opportunity, Wexford will seek to execute orders for all of the participating Funds on an equitable basis by taking into account such factors as the relative amounts of capital available for such investments and whether the participation of any such Funds in any such investments is appropriate in light of the respective investment strategies and/or portfolio positions of such Funds. Orders may be combined for all participating Funds and, if any order is not filled at the same price, such order may be allocated on an average price basis. Similarly, if an order for the benefit of more than one Fund cannot be fully executed under prevailing market conditions, the securities in connection therewith may be allocated among the applicable Funds on a basis that Wexford or its affiliates deem to be equitable. please register to get more info

REVIEW OF ACCOUNTS
Wexford’s review process is customized to the requirements of each Fund. Wexford does not conduct formal periodic reviews of client accounts. All Hedge Funds, except for the Long Term Equity Fund and the Core Equities Funds, are managed by Charles E. Davidson, Wexford’s Chairman and Chief Investment Officer, and other members of Wexford’s Hedge Fund Investment Committee. The Long Term Equity Fund is managed by Joseph M. Jacobs, Wexford’s President, and the Core Equities Funds are managed by John A. Thaler, a Wexford portfolio manager. Investors in the Funds receive a variety of periodic reports as required by regulation or as may be requested by the investors, including annual audited financial statements and information necessary for investors to complete their income tax returns and investment statements. please register to get more info

CLIENT REFERRALS AND OTHER COMPENSATION
Wexford does not receive economic benefits from non-clients for providing investment advice or other advisory services. Neither Wexford nor any of Wexford’s affiliates compensates any third party, including any placement agent, for client referrals. However, from time to time, Wexford may retain solicitors to refer investors to Wexford or enter into selling arrangements to sell interests in the Funds. Such payments may take the form of a fixed fee or a percentage of the Wexford's fees and will be made in compliance with Rule 206-4(3) of the Advisers Act. please register to get more info

CUSTODY
Wexford is subject to Rule 206(4)-2 under the Advisers Act (the "Custody Rule"). However, Wexford is not required to comply (or is deemed to have complied) with certain requirements of the Custody Rule with respect to each Fund by virtue of Wexford’s compliance with the provisions of the so-called "Pooled Vehicle Annual Audit Exception", which, among other things, requires that each Fund (i) be subject to audit at least annually by an independent public accountant that is registered with, and subject to regular inspection by, the Public Company Accounting Oversight Board and (ii) distribute its audited financial statements to all of such Fund’s investors no later than one hundred twenty (120) days after the end of such Fund’s fiscal year. please register to get more info

INVESTMENT DISCRETION
Wexford serves as the investment adviser for each Fund and has discretionary trading authority in connection therewith. Wexford's investment decisions and advice with respect to each Fund are subject to each Fund's investment objectives and guidelines as set forth in each such Fund’s Memorandum. please register to get more info

VOTING CLIENT SECURITIES
Wexford has adopted proxy voting policies (the “Proxy Policies”) in compliance with the Advisers Act. Wexford’s general objective with respect to proxy voting is to vote any proxy proposal, amendment, consent or resolution that arises in connection with a security held by a Fund (each, a “Proxy”, and, collectively, the "Proxies") in a prudent and diligent manner that will serve the applicable Fund's best interests in accordance with its investment objectives, but Wexford may not vote Proxies that relate to any issuer in which the Funds collectively own less than a three percent (3%) interest. Notwithstanding the foregoing, Wexford will neither abstain from voting nor affirmatively decide not to vote a Proxy if the applicable Fund is a plan asset fund subject to the requirements of the Employee Retirement Income Security Act of 1974, as amended. When determining how to vote Proxies, Wexford may take into account a variety of factors and considerations that Wexford deems to be material to such determination, including but not limited to:  A Proxy’s impact on the value of the relevant issuer;  The costs and benefits associated with the Proxy; and  Customary practices in the relevant industry and/or business. At times, conflicts may arise between the interests of a Fund, on the one hand, and Wexford or its affiliates, on the other hand. If Wexford determines that it has, or may be perceived to have, a conflict of interest when voting a Proxy, Wexford will address any such potential conflict of interest in accordance with the procedures set forth in the Proxy Policies. Investors may request a copy of the Proxy Policies and the proxy voting record relating to a Fund by contacting Wexford at the address or telephone number listed on the first page of this document. please register to get more info

FINANCIAL INFORMATION
Wexford is not required to include a balance sheet for its most recent fiscal year since Wexford does not charge or solicit pre-payment of fees amounting to $1,200 or more per client six or more months in advance. Wexford is not aware of any financial condition reasonably likely to impair its ability to meet contractual commitments relating to any of the Funds or Wexford’s performance of its fiduciary obligation in connection therewith and Wexford has not been the subject of any bankruptcy petition during the past ten years from the date hereof.
ITEM 19
REQUIREMENTS FOR STATE-REGISTERED ADVISERS
As of the date hereof, Wexford is not registered with any state securities authority and is not required to do so.
WEXFORD CAPITAL LP
BROCHURE SUPPLEMENT
(ADV PART 2B)
March 27, 2020

777 South Flagler Drive Suite 602 East West Palm Beach, FL 33401 Tel: (561) 273-8600 and 411 West Putnam Avenue, Suite 125 Greenwich, CT 06830 Phone: (203) 862-7300 www.wexford.com
Charles E. Davidson
c/o Wexford Capital LP 777 South Flagler Drive Suite 602 East West Palm Beach, FL 33401 Tel: (561) 273-8600 www.wexford.com


This brochure supplement provides information about Charles E. Davidson that supplements the Please contact (203) 862-7300 or [email protected] if you did not receive the brochure or if you
CHARLES E. DAVIDSON
Charles E. Davidson, 67, co-founded Wexford, in 1994 and serves as its Chairman and Chief Investment Officer. Mr. Davidson has primary responsibility for the overall strategic direction of Wexford’s investment activities, serves as the senior portfolio manager for the Hedge Funds and is the Chairman of the Hedge Fund Investment Committee. From 1984-94, Mr. Davidson was a General Partner of Steinhardt Partners, L.P. where he was responsible for all fixed income arbitrage, risk arbitrage, private equity, distressed/bankruptcy and special situation investments of the multi- billion dollar hedge fund. From 1977-84, Mr. Davidson was employed by Goldman Sachs & Co. where he was the head of domestic corporate bond trading and proprietary trading. Mr. Davidson holds an MBA and a BA in Economics from the University of California - Los Angeles.
Item 3: DISCIPLINARY INFORMATION
None.
Item 4: OTHER BUSINESS ACTIVITIES
Mr. Davidson may serve as a member of the board of directors (or an equivalent position) of entities formed as special purpose vehicles by the Funds or their affiliates.

Wexford is registered as a Commodity Pool Operator with the National Futures Association and Mr. Davidson is the Associated Person in connection therewith.

Item 5: ADDITIONAL COMPENSATION
Mr. Davidson does not receive any bonus that is based, in whole or in part, on the number or amount of sales, client referrals or new accounts. Similarly, he does not receive any economic benefit for providing advisory services to anyone that is not a client.
Item 6: SUPERVISION
Mr. Davidson is Wexford’s Chairman and Chief Investment Officer. As such, he has direct or indirect supervisory authority over all of the firm’s investment personnel. Mr. Davidson can be reached at (561) 273- 8600. Not applicable.

Joseph M. Jacobs
c/o Wexford Capital LP 777 South Flagler Drive Suite 602 East West Palm Beach, FL 33401 Tel: (561) 273-8600 www.wexford.com


This brochure supplement provides information about Joseph M. Jacobs that supplements the Please contact (203) 862-7300 or [email protected] if you did not receive the Brochure or if you 295279.2
JOSEPH M. JACOBS
Joseph M. Jacobs, 67, co-founded Wexford in 1994 and serves as its President. Mr. Jacobs has primary responsibility for overseeing the activities of the Private Equity Funds and Wexford Long Term Equity Fund, L.P. He has served on the boards and creditors’ committees of a number of public and private companies in which Wexford has held investments. From 1982-94, Mr. Jacobs was employed by Bear Stearns & Co., Inc. where he attained the position of Senior Managing Director. While at Bear Stearns, Mr. Jacobs was active in bankruptcies and restructurings and was responsible for all of the firm’s real estate investment banking activities, including debt and equity financing of real estate on both a private and public basis, real estate investment, and advisory services. From 1979-82, he was employed as a commercial lending officer at Citibank, N.A. Mr. Jacobs holds an MBA from Harvard Business School and a BS in economics from the Wharton School of the University of Pennsylvania.
Item 3: DISCIPLINARY INFORMATION
None.
Item 4: OTHER BUSINESS ACTIVITIES
Mr. Jacobs currently serves as a member of the board of directors (or an equivalent position) of BBQ Holdings, Inc. and may serve as a member of the board of directors (or an equivalent position) of entities formed as special purpose vehicles by the Funds or their affiliates.


Item 5: ADDITIONAL COMPENSATION
Mr. Jacobs does not receive any bonus that is based, in whole or in part, on the number or amount of sales, client referrals or new accounts. Similarly, he does not receive any economic benefit for providing advisory services to anyone that is not a client.

Item 6: SUPERVISION
Mr. Jacobs is Wexford’s President and one of the principal executives in the Wexford structure. As such, he has direct or indirect supervisory authority over all of the firm’s private equity investment personnel. Mr. Jacobs can be reached at (561) 273- 8600. Not applicable.
Richard A. Shapiro
c/o Wexford Capital LP 411 West Putnam Avenue, Suite 125 Greenwich, CT 06830 Phone: (203) 862-7300 www.wexford.com


This brochure supplement provides information about Richard A. Shapiro that supplements the Please contact (203) 862-7300 or [email protected] if you did not receive the Brochure or if you
RICHARD A. SHAPIRO
Richard A. Shapiro, 49, joined Wexford in 2011 and became a Partner in 2014. Mr. Shapiro serves as Portfolio Manager and Co- Head of Equities and is a member of the Hedge Fund Investment Committee. From 2007-11, Mr. Shapiro was a Managing Director and Portfolio Manager at Millennium Management, managing a long- short portfolio. From 2004-06, Mr. Shapiro was a Managing Director and Portfolio Manager in the equities division of Amaranth Advisors. From 1997-99 and 2001-04, Mr. Shapiro also gained investment experience at Putnam Investments, 1to1 Venture Partners and Lee Munder Capital. Mr. Shapiro holds an MBA from Georgetown University and a BS in Business Administration from the University of Southern California.
Item 3: DISCIPLINARY INFORMATION
None.

Item 4: OTHER BUSINESS ACTIVITIES
Mr. Shapiro currently serves as a member of the board of directors of BBQ Holdings, Inc. and may serve as a member of the board of directors (or an equivalent position) of entities formed as special purpose vehicles by the Funds or their affiliates.

Item 5: ADDITIONAL COMPENSATION
Mr. Shapiro does not receive any bonus that is based, in whole or in part, on the number or amount of sales, client referrals or new accounts. Similarly, he does not receive any economic benefit for providing advisory services to anyone that is not a client.



Item 6: SUPERVISION
Mr. Shapiro reports to Mr. Davidson, the Chairman and Chief Investment Officer of Wexford. Mr. Shapiro can be reached at (203) 862- 7300. Not applicable.
James Rubin
c/o Wexford Capital LP 777 South Flagler Drive Suite 602 East West Palm Beach, FL 33401 Tel: (561) 273-8600 www.wexford.com


This brochure supplement provides information about James Rubin that supplements the Please contact (203) 862-7300 or [email protected] if you did not receive the Brochure or if you
JAMES RUBIN
James Rubin, 34, joined Wexford in 2006 and became a Partner in 2012. Mr. Rubin serves as Portfolio Manager and Co-Head of Equities and is a member of the Hedge Fund Investment Committee. Mr. Rubin holds a BA with honors in political science and economics from Yale University, cum laude.

Item 3: DISCIPLINARY INFORMATION
None.
Item 4: OTHER BUSINESS ACTIVITIES
Mr. Rubin currently serves as a member of the board of directors of Viper Energy Partners GP LLC, the general partner of Viper Energy Partners LP and may serve as a member of the board of directors (or an equivalent position) of entities formed as special purpose vehicles by the Funds or their affiliates.

Item 5: ADDITIONAL COMPENSATION
Mr. Rubin does not receive any bonus that is based, in whole or in part, on the number or amount of sales, client referrals or new accounts. Similarly, he does not receive any economic benefit for providing advisory services to anyone that is not a client.
Item 6: SUPERVISION
Mr. Rubin reports to Mr. Davidson, the Chairman and Chief Investment Officer of Wexford. Mr. Rubin can be reached at (561) 273- 8600. Not applicable.

(ADV PART 2B)
John A. Thaler
March 27, 2020 c/o Wexford Capital LP 411 West Putnam Avenue, Suite 125 Greenwich, CT 06830 Phone: (203) 862-7300 www.wexford.com


This brochure supplement provides information about John A. Thaler that supplements the Wexford Capital LP Brochure (ADV Part 2A). You should have received a copy of that brochure. Please contact (203) 862-7300 or [email protected] if you did not receive the Brochure or if you have any questions about the contents of this supplement.
JOHN A. THALER
John A. Thaler, 44, joined Wexford in 2020. Mr. Thaler serves as the portfolio manager for the Wexford Core Equites Funds. Prior to joining Wexford, Mr. Thaler was the founder and portfolio manager for JAT Capital Management, which at its peak was a $3 billion alternative asset management firm. Before founding JAT Capital Management, Mr. Thaler was the co-portfolio manager at Shumway Capital Partners ($4.5 billion AUM during this period), an associate at Spectrum Equity Investors and an analyst at Merrill Lynch. Mr. Thaler hold a BA in economics from the University of Chicago.

Item 3: DISCIPLINARY
INFORMATION
None.
Item 4: OTHER BUSINESS
ACTIVITIES
None.
Item 5: ADDITIONAL
COMPENSATION
Mr. Thaler does not receive any bonus that is based, in whole or in part, on the number or amount of sales, client referrals or new accounts. Similarly, he does not receive any economic benefit for providing advisory services to anyone that is not a client.

Item 6: SUPERVISION
Mr. Thaler reports to Mr. Davidson, the Chairman and Chief Investment Officer of Wexford.

Mr. Thaler can be reached at (203) 862- 7300.
Item 7: REQUIREMENTS FOR
STATE REGISTERED ADVISERS
Not applicable. please register to get more info