X0203 3 2009-12-02 0 0001467631 ACAP Strategic Fund N/A 0001486149 Berman Brad L. C/O SILVERBAY CAPITAL MANAGEMENT LLC 350 MADISON AVENUE NEW YORK NY 10017 1 0 0 0 Shares of Beneficial Interest 0 D On December 2, 2009, the Reporting Person became a member of the Board of Trustees of the Issuer. The Reporting Person owns no shares of beneficial interest of the Issuer. /s/ Brad L. Berman 2010-03-09