A. Description of Advisory Firm IPI Partners, LLC (the “Company”) is a Delaware limited liability company that was organized in 2016. The Company is jointly owned and controlled by Iron Point DC Management, LLC (“IP DC”) and ICONIQ Capital, LLC (“ICONIQ Capital”). IP DC was formed in 2016 and is affiliated with Iron Point Partners, LLC (“Iron Point”), which is a registered investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). ICONIQ Capital is an investment adviser registered under the Advisers Act. The Company provides investment advisory services to private equity funds. These private equity funds may be organized as multiple investment vehicles that invest in parallel with each other and participate in the same investments pro rata based on capital commitments (together with any additional parallel investment vehicles, alternative investment vehicles, co-investment vehicles or continuation vehicles, the “Private Funds,” and each a “Private Fund”). The Company provides investment advisory services directly to each Private Fund and not individually to the investors in a Private Fund. B. Description of Advisory Services Offered The purpose of each of the Private Funds is to make investments in data center assets and other technology and connectivity-related assets and service providers all on a global basis. This includes stabilized and partially stabilized data centers, portfolio companies that perform services relating to, or otherwise engage in, businesses relating to data center assets or technology and connectivity-related assets and, subject to certain limitations, raw land and data center development projects (“Data Center Assets”). Investments in Data Center Assets may take the form of or include:  the acquisition of direct interests in real property;  the formation of joint ventures or other co-investment arrangements with investors (including, but not limited to the acquisition of debt and equity interests in joint ventures);  the acquisition of securities in entities that own or invest in one or more data center assets or technology connectivity-related assets;  investment

(whether in equity or debt) in portfolio companies that perform services relating to, or otherwise engage in, businesses relating to data center assets or technology connectivity- related assets;  the sponsorship of or investment in (i) real estate investment trusts (“REITs”), or (ii) other real-estate related companies (including, but not limited to management, financing, development, or other operating companies); and  the issuance or acquisition of mezzanine financing, mortgage loans, and other real estate- backed indebtedness, or participation in, or ownership of securities backed by, such indebtedness. Certain Private Funds will also, from time to time, co-invest alongside funds managed by Iron Point in certain opportunistic investments in accordance with the respective limited partnership agreements and other governing agreements of each such Private Fund (collectively, “Governing Documents”). C. Tailoring of Advisory Services and Client Imposed Restrictions The Company provides investment advice with respect to the Private Funds in accordance with the investment objectives and restrictions set forth in the applicable Governing Documents of each Private Fund. The Company does not tailor its investment advisory services to the needs of individual investors in the Private Funds. However, in accordance with common industry practice, the Company or its affiliates may enter into side letter agreements or other similar agreements with certain investors in the Private Funds, which agreements may provide such investors with rights and terms that are different or in addition to the general terms of the limited partnership agreement of the applicable Private Fund. The Company is not obligated to offer such additional and/or different rights or terms to all investors. See Item 8. Methods of Analysis, Investment Strategies and Risk of Loss for more details. D. Wrap Fee Programs The Company does not directly participate in wrap fee programs. E. Assets Under Management As of December 31, 2023, the Private Funds had regulatory assets under management of approximately $9,607,440,082, all of which are managed on a discretionary basis.