A. Advisory Firm Macquarie Private Debt Asset Management, LLC (“Registrant” or “Manager”), the registered investment adviser, is a Delaware limited liability company. It was formed on July 13, 2016. The Registrant is ultimately owned by Macquarie Group Limited (“MGL”) (Australian Securities Exchange listed entity, stock code ASX:MQG), the ultimate parent of the Macquarie Group, an international financial services company, via the following holding structure: The Registrant is currently an investment adviser within Macquarie Asset Management (“MAM”). MAM is a business group within the Macquarie Group comprised of MAM Real Assets, MAM Real Estate, MAM Private Credit and Asset Finance, and MAM Public MACQUARIE GROUP LIMITED Australian Securities Exchange listed entity (ASX:MQG) Macquarie Financial Holdings Pty Limited Macquarie Corporate Holdings Pty Limited Macquarie Corporate International Holdings Pty Ltd. Macquarie Group (US) Holdings No. 1 Pty Ltd. Macquarie Equities (US) Holdings Pty Ltd. Macquarie Holdings (U.S.A.) Inc. MACQUARIE INFRASTRUCTURE AND REAL ASSETS Inc. Macquarie Private Debt Asset Management, LLC PAGE 4  Macquarie Private Debt Asset Management, LLC Investments. “Macquarie Group” refers to Macquarie Group Limited, an Australia Securities Exchange listed financial service institution, and its worldwide affiliates. MPDAM is registered with the Securities and Exchange Commission (“SEC”) in the United States and is one of several advisers across MAM Private Credit (“MAM PC”). The MAM PC, formally MIDIS, business was established in 2012 to leverage the infrastructure expertise within Macquarie into a global infrastructure debt investment management business. MAM PC conducts its infrastructure debt investment activities through four investment adviser entities:
• Macquarie Investment Management Europe Limited (incorporated and registered in England and Wales (Company No. 09612439)) (“MIMEL”).
• Macquarie Asset Management Europe S.a.r.l., (a private limited liability company (société à responsabilité limitée) registered in Luxembourg, registered number B 233.546), (“MAMES”).
• Macquarie Financial Products Management Limited (incorporated and registered in Australia (ACN 095 135 694)) (“MFPML”).
• The Registrant. The Registrant has entered into a Services Agreement (“Agreement”) with MIMEL. Pursuant to this Agreement, certain personnel of MIMEL in the United Kingdom provide investment advisory and related services to the Registrant’s clients. These persons are deemed the Registrant’s “associated persons” and “access persons” as defined under the United States Investment Advisers Act of 1940. In this capacity, they are subject

to the control and supervision of the Registrant and to the Registrant’s compliance policies and procedures, including the Registrant’s Code of Ethics, in connection with any such services provided to the Registrant’s clients. All investment advice provided to the Registrant’s clients through the Services Agreement is provided through and under the supervision and control of the Registrant. Additionally, the Registrant has entered into a separate Services Agreement (“Services Agreement”) with MIMEL whereby certain personnel of MPDAM in the United States source, analyse, research and recommend investment opportunities and related services for MIMEL and/or its clients. B. Advisory Services Provided The MAM PC business provides asset management and advisory services to institutional clients investing in infrastructure debt investments such as debt securities and loans, commercial ground leases, and fund finance products. As noted above, the Registrant is part of the MAM PC business. The Registrant provides infrastructure debt investment management and advisory services with respect to its clients domiciled in the United States and investments located in the United States. The Registrant also provides its services to its affiliates in the UK and Australia in relation to infrastructure debt investment opportunities in the United States for large institutional investors and/or funds located across a number of different jurisdictions such as the UK, continental Europe and Asia. MAM PC provides investment management and advisory services or recommendations to clients by way of separately managed accounts and pooled investment vehicles or funds. To date, the Registrant has focused on advisory services to separately managed accounts but may advise pooled investment vehicles or funds in the future. C. Tailored Advisory Services and Restrictions For separately managed accounts, the Registrant will provide services tailored to the specific needs of its clients in accordance with the investment objectives and guidelines and the applicable restrictions set forth in the relevant legal documentation. WS:MFG1_LONDON:4452498:v1Macquarie Private Debt Asset Management, LLC  PAGE 5 For a pooled investment vehicle or fund, the Registrant will generally not tailor its services to individual investors in the fund but will provide services consistent with the fund’s offering and constituent documentation. D. Wrap Fee Programs The Registrant does not participate in wrap fee programs. E. Assets under Management As of 31 March 2023, the Registrant has $450,000,000 assets under management. As of that date, the Registrant managed $200,000,000 on a non-discretionary basis and $250,000,000 on a discretionary basis.