Cloverlay Investment Management, LLC (“Cloverlay”) is a Delaware limited liability company that was founded in June 2015. Cloverlay Partners Management Company, LLC (“CPMC”) is the sole member of Cloverlay. Jeffrey Collins holds greater than 25% interest in CPMC and is the principal owner of Cloverlay through his indirect ownership of CPMC and affiliated entities. Cloverlay provides investment advisory services as the investment manager (the “Investment Manager”) to private funds (each, a “Fund” and collectively, the “Funds”) that invest in tangible and intangible asset-focused opportunities directly or indirectly alongside specialty private equity managers in the form of co-investments, platforms, direct equity investments, joint ventures, primary fund commitments, secondary fund purchase, fund restructuring, etc. Each Limited Partner will receive limited partnership interests and will be a “Limited Partner” in each relevant Fund. While Cloverlay serves as Investment Manager of the Funds, each Fund has a general partner that is responsible for the daily operations of such Fund (the “General Partner”). Each General Partner is an affiliate of the Investment Manager. Cloverlay’s advisory services include the identification, evaluation and selection of investment opportunities; performance of due diligence in connection with such potential investments; negotiation of investment terms; and monitoring the performance of each Fund’s portfolio. Cloverlay manages the Funds on a discretionary basis, in accordance with the terms of each client’s governing documents or advisory agreement. Because Cloverlay provides advisory services to the Funds, such services are generally not tailored to the needs of individual investors. Investors in the Funds participate in the overall investment objective for the applicable fund and are generally not permitted to impose restrictions

on investing in certain securities or types of securities, but may be excused from a particular investment due to legal, tax, regulatory or other applicable constraints. Cloverlay provides investment advisory services to the Funds on a discretionary basis, and in certain cases on a non-discretionary basis, in accordance with the investment objectives, policies and guidelines set forth in the relevant Fund offering, operating documents and side letters (the “Governing Documents”). Overall, Cloverlay’s investment objective is to achieve attractive long-term returns on invested capital. For each of the Funds it manages, Cloverlay attempts to achieve its investment objective primarily by making private equity investments into certain investment sectors. The General Partner and Investment Manager will implement the investment program in accordance with each Fund’s Governing Documents, which is tailored to the outlined investment objectives of the clients. Cloverlay typically offers different types of investment vehicles for investors to choose from depending on their taxable, tax-exempt, ERISA plan asset and/or non-U.S. status. Cloverlay endeavors to employ a consistent investment philosophy among the Funds, and each Fund is managed in accordance with the underlying guidelines of such account or vehicle. Therefore, certain accounts and vehicles may not always participate in the same investments, or in the same proportion as another account or vehicle managed by Cloverlay. As discussed below, Cloverlay takes a number of factors into consideration when determining the suitability of an investment for each of the accounts and vehicles that it manages. As of December 31, 2023, Cloverlay has approximately $1.47B in regulatory assets under management for the Funds, of which approximately $661M is on a non-discretionary basis.