Morgan Creek Global Equity Long/Short Institutional Fund
(A Delaware Statutory Trust)
Schedule of Investments
December 31, 2023
(in U.S. Dollars)
(Unaudited)
| Investments | | Cost | | | Fair Value | | | Percent of Net Assets | | | Domicile | | Liquidity(1),(2) | | Next Available Redemption Date(3) | | Initial Acquisition Date |
| Investments in Portfolio Funds | | | | | | | | | | |
| Asia | | | | | | | | | | | | | | | | | |
| Private Investors III, LLC 1,697 shares(4) | | $ | 1,661,083 | | | $ | 992,472 | | | | 19.92 | % | | United States | | 0-5 Years | | N/A | | 11/19/2014 |
| Teng Yue Partners Offshore Fund, L.P. 83 shares(4)(5) | | | 83,091 | | | | 227,565 | | | | 4.57 | | | Cayman Islands | | Quarterly | | 3/31/2024 | | 10/1/2015 |
| Total Asia | | | 1,744,174 | | | | 1,220,037 | | | | 24.49 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| Emerging Markets | | | | | | | | | | | | | | | | | | | | |
| New Century Holdings XI, L.P. 26,174 shares(4) | | | 22,898 | | | | 29,146 | | | | 0.59 | | | Cayman Islands | | Illiquid | | N/A | | 10/2/2017 |
| Total Emerging Markets | | | 22,898 | | | | 29,146 | | | | 0.59 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| Energy & Natural Resources | | | | | | | | | | | | | | | | | | | | |
| MLO Private Investment, Ltd. 41 shares, Series 01(4) | | | 68,358 | | | | 87,453 | | | | 1.76 | | | Cayman Islands | | Illiquid | | N/A | | 10/2/2017 |
| Total Energy & Natural Resources | | | 68,358 | | | | 87,453 | | | | 1.76 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| Technology | | | | | | | | | | | | | | | | | | | | |
| Bedford Ridge Investment Company IV, L.P. 1,020 shares(4) | | | 68,642 | | | | – | | | | – | | | United States | | 0-5 Years | | N/A | | 11/22/2021 |
| Carmenta Opportunities Fund, L.P. 1,000 shares(4) | | | 88,000 | | | | 74,802 | | | | 1.50 | | | United States | | 0-5 Years | | N/A | | 7/15/2021 |
| Flight Deck Offshore Fund, L.P. 213 shares(4) | | | 153,715 | | | | 75,549 | | | | 1.52 | | | United States | | 0-5 Years | | N/A | | 5/1/2021 |
| Maverick Levered Fund, Ltd. 242 shares(4) | | | 242,431 | | | | 224,100 | | | | 4.50 | | | Cayman Islands | | 0-5 Years | | N/A | | 2/1/2021 |
| Paulson Investment Company I, L.P. 596 shares(4) | | | 595,670 | | | | 176,545 | | | | 3.55 | | | United States | | 0-5 Years | | N/A | | 6/30/2021 |
| Payara Fund III, L.P. 1,000 shares(4) | | | 274,500 | | | | 222,698 | | | | 4.47 | | | United States | | 0-5 Years | | N/A | | 7/15/2021 |
| Tiger Global Liquidating Account 9 shares(4) | | | 91,889 | | | | 85,869 | | | | 1.72 | | | United States | | Illiquid | | N/A | | 12/31/2022 |
| Tiger Global, Ltd. 569 shares, Class C(4) | | | 276,725 | | | | 638,186 | | | | 12.81 | | | Cayman Islands | | Annually | | 12/31/2024 | | 7/1/2013 |
| Total Technology | | | 1,791,572 | | | | 1,497,749 | | | | 30.07 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| Value Long/Short | | | | | | | | | | | | | | | | | | | | |
| Falcon Edge Global, Ltd 238 shares, Series S(4) | | | 338,791 | | | | 356,186 | | | | 7.15 | | | Cayman Islands | | Illiquid | | N/A | | 4/3/2017 |
Morgan Creek Global Equity Long/Short Institutional Fund
(A Delaware Statutory Trust)
Schedule of Investments (continued)
June 30, 2023
(in U.S. Dollars)
(Unaudited)
| Investments | | Cost | | | Fair Value | | | Percent of Net Assets | | | Domicile | | Liquidity(1),(2) | | Next Available Redemption Date(3) | | Initial Acquisition Date |
| Value Long/Short (continued) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| Falcon Edge Global, Ltd 100 shares, Series Standard Share Partners(4) | | $ | 93,393 | | | $ | 25,806 | | | | 0.52 | % | | Cayman Islands | | Illiquid | | N/A | | 10/3/2016 |
| Total Value Long/Short | | | 432,184 | | | | 381,992 | | | | 7.67 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| Total Investments in Portfolio Funds | | $ | 4,059,186 | | | $ | 3,216,377 | | | | 64.58 | % | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| TOTAL INVESTMENTS | | $ | 4,059,186 | | | $ | 3,216,377 | | | | 64.58 | % | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| Other Assets, less Liabilities | | | | | | $ | 805,838 | | | | 16.18 | % | | | | | | | | |
| Total Net Assets | | | | | | $ | 4,980,665 | | | | 100.00 | % | | | | | | | | |
| (1) | Available frequency of redemptions after initial lock-up period, if any. Different tranches may have different liquidity terms. |
| (2) | 0-5 Years - Portfolio Funds will periodically redeem depending on cash availability. |
| (3) | Investments in Portfolio Funds may be composed of multiple tranches. The Next Available Redemption Date relates to the earliest date after December 31, 2023 that redemption from a tranche is available. Other tranches may have an available redemption date that is after the Next Available Redemption Date. Redemptions from Portfolio Funds may be subject to fees. |
| (4) | Non-income producing security. |
| (5) | Although the Portfolio Fund has monthly, quarterly, or annual redemption rights, there are various gates, holdbacks, and/or side pockets imposed by the manager of the Portfolio Fund, which prevent the Fund from being able to redeem its entire position at the next available redemption date. |
Morgan Creek Global Equity Long/Short Institutional Fund
(A Delaware Statutory Trust)
Fair Value of Financial Instruments
As of December 31, 2023, the Fund held all the Investments in Portfolio Funds with a fair value of $3,216 ,377 that in accordance with ASU 2015-07, are excluded from the fair value hierarchy and measured at NAV.
