Overview of Revelation For purposes of this brochure, the “Adviser” or “Revelation” means Revelation Capital Management, LLC, a Delaware limited liability company, together with its affiliated general partners of the Funds (as defined below) (each a “General Partner”). Such affiliated General Partners are under common control with Revelation Capital Management, LLC and possess a substantial identity of personnel and equity owners with Revelation Capital Management, LLC. The Adviser provides investment supervisory services to Revelation Healthcare Fund I, L.P., Revelation Healthcare Fund II, L.P., Revelation Alpine, LP, Revelation Healthcare Fund III, L.P., Revelation Co- Invest II, L.P., and Revelation Healthcare Fund IV, L.P. (the “Funds”) that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). Advisory Services The Funds invest in healthcare companies primarily by providing liquidity to existing private equity investors. The Funds focus primarily on acquiring or financing investments in late-stage, private companies. In accordance with the Funds’ investment objectives, investments are generally made in companies and partnerships doing business in the healthcare sector. The Adviser’s advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of the Funds, managing and monitoring the

performance of such investments and disposing of such investments. The Adviser provides investment supervisory services to the Funds in accordance with the limited partnership agreements of the Funds and advisory agreements (the “Advisory Agreements”) of each of the Funds. The Adviser will also, from time to time, organize one or more single purpose investment vehicles organized to co-invest with a Fund in order to facilitate a particular transaction and whose co- investment in the transaction is made on terms and conditions no more favorable than the terms and conditions of the Fund’s participation in the same transaction. Investment advice is provided directly to the Funds, subject to the discretion and control of each Fund’s perspective General Partner, and not individually to the investors in the Funds. Services are provided to the Funds in accordance with the Advisory Agreements with the Funds and/or organizational documents of the Funds. Investment restrictions for the Funds are established in the organizational or offering documents of the Funds, Advisory Agreements, and side letter agreements negotiated with investors in the Funds (such documents collectively, the Funds’ “Organizational Documents”). Assets Under Management The principal owner of Revelation Capital Management, LLC is Revelation Partners, LLC. The Adviser has been in business since October 2013. As of December 31, 2023, the Adviser manages a total of $1,552,263,550 of regulatory assets under management, all of which is managed on a discretionary basis.