Structure, History and Ownership Silverhawk Capital Partners, LLC (the “Adviser”) was formed in 2005 as an independent investment advisory firm to raise capital for the purpose of acquiring, managing and advising a portfolio of private businesses pursuant to the investment guidelines and restrictions set forth in the governing documents of each of the private funds, co-investment vehicles and other special purpose vehicles it advises, sponsors and/or manages (collectively, “clients”). Mark Demetree, David Scanlan, Jim Cook and Ted Gardner (the “Principals”) are the principal owners and managers of the Adviser. Brent Hudson is the Adviser’s chief compliance officer. Certain of the Principals have invested as a team and operated businesses since 1989, and have successfully deployed capital earning high rates of return at attractive multiples of capital invested. The Principals’ combined investment experience and operational engineering expertise prior to forming the Adviser included 1) owning and operating both large and small businesses with successful exits, 2) forming/managing a nationally recognized private equity firm which, for many years, contributed materially to the earnings of its NYSE Bank Holding Company and 3) serving as directors on the boards of large public and private companies.
The Principals’ success prior to forming the Adviser has generated strong relationships with the leadership of some of the oldest and most established private equity firms and lending institutions, which offers multiple layers of investment opportunities. These relationships facilitate the sourcing of opportunities through relationships rather than participating in costly and time-consuming structured auctions. Silverhawk Capital Partners GP, LLC, Silverhawk Capital Partners GP II, LP, Silvertree-KMC II GP, LLC , Silverhawk Incline GP, LLC, MCD-Kissner GP, LLC, and SilverEdge Investment GP, LLC (the “Relying Advisers” and, together with the Adviser, “Silverhawk”) are the general partners of the Adviser’s clients. The Relying Advisers conduct a single advisory business with the Adviser. The Relying Advisers’ employees and persons acting on their behalf are subject to common supervision and control with those of the Adviser. Silverhawk operates under a single set of written policies and procedures, including a single code of ethics, and Silverhawk’s policies and procedures are administered by a single chief compliance officer. Accordingly, the Adviser and the Relying Advisers file a single Form ADV in reliance on the position expressed in the no-action letter issued by the SEC staff to the American Bar Association, Business Law Section, on January 18, 2012. Description of

Advisory Services As noted above, Silverhawk implements its investment strategy through its clients, which are pooled investment vehicles. Silverhawk’s clients do not offer their interests to the public. Such interests are only offered in private placements to qualified investors. The terms of such offerings and information about Silverhawk’s clients and the particular investment objectives, strategies, restrictions and risks associated with an investment are described in each client’s private placement memorandum (“PPM”), limited partnership or limited liability company agreement and other governing documents (collectively, the “Governing Documents”), which are made available to prospective investors only through Silverhawk and its authorized agents. Silverhawk targets portfolio companies in which to invest capital generally in a range from $25 million to $150 million, primarily in the non-public North American-based manufacturing, chemical, energy and service industries. Following an investment in a portfolio company, Silverhawk representatives often serve on the portfolio company’s board of directors or similar body, and/or Silverhawk otherwise acts to support management of the companies until the applicable client exits the investment. Silverhawk’s investment criteria is centered on companies with:
• Established, hands-on, entrepreneurial management teams offering a strong personal chemistry between Silverhawk and the team
• Defendable market positions with high barriers to entry
• Opportunities to grow revenue and improve earnings
• Long-term hold periods of 5-7 years, and the possibility of making follow-on investments to support portfolio company growth Silverhawk’s outlook, length of ownership and active management philosophy are all intended to alleviate the concerns and pressures on the management teams of the portfolio companies with regard to their business going through multiple sales processes in a short period of time. Silverhawk tailors its advisory services to the specific investment objectives and restrictions set forth in the Governing Documents of each client, not to the individualized needs of any particular investor in a client. Silverhawk provides investment management services exclusively to pooled investment vehicles. Outside of such services, Silverhawk offers no other advisory services. Silverhawk does not perform any type of financial planning, quantitative analysis, tax planning or market timing services, nor does Silverhawk participate in wrap fee programs. Assets Under Management As of December 31, 202 3, Silverhawk managed approximately $739,362,386 of client assets on a discretionary basis. Silverhawk does not manage any client assets on a non-discretionary basis.