Empeiria Capital Management, LLC, a Delaware limited liability company (“Empeiria” or the “Firm”), is based in Cincinnati, Ohio and has been in business since 2010. Prior to January 2023, Empeiria was known as Orchard Holdings Group, LLC. The Firm began as the proprietary private equity group for the family of the founder of Cintas Corporation (NASDAQ: CTAS). The Firm is owned by Orchard Seed Investors, LLC, which is in turn owned by the Orchard Trust. Robert Coletti is the Trustee for the Orchard Trust. Empeiria is a highly specialized investment management firm with a limited clientele. Empeiria primarily manages a limited number of private investment funds (the “Funds”) that invest in private equity and private debt investment opportunities. From time to time, Empeiria also advises a limited number of separately managed accounts for individuals, trusts and certain entities (collectively, the “Individual Clients”) with respect to specific direct investments and co- investment opportunities. Empeiria identifies investment opportunities, monitors performance, and manages the acquisition, oversight and disposition of the investments of each Fund and with respect to each Individual Client. Affiliates of Empeiria serve as the general partners or managing members (the “GPs”) of each Fund. The management services provided for each Fund and with respect to each Individual Client are further described in that Fund’s or Individual Client’s offering memorandum (if any), limited partnership agreement or limited liability company agreement or similar governing agreement (if any) and the management/advisory agreement (if any) between Empeiria and a Fund or with respect to each Individual Client (collectively, the “Documents”). The primary focus of Empeiria’s investment management services has been identifying, evaluating, structuring, executing and managing privately negotiated investments in operating entities, with a primary focus on non-public middle market companies. In addition, Empeiria has opportunistically pursued investments in other types of securities, including but not limited to minority equity positions, growth equity investments, equity positions in public companies, structured credit products, debt investments and real estate. Empeiria’s investment strategy has been very opportunistic, but generally focused on identifying investments that are advantaged by a longer-term time horizon and a greater degree of flexibility than traditional institutional investment funds. In most cases, Empeiria personnel and/or its consultants

serve on a portfolio company’s board of directors or otherwise act to influence control or management of a portfolio company on behalf of a Fund and/or Individual Client that holds an interest in that portfolio company. In the event a Fund and/or Individual Client holds a controlling interest in a portfolio company, Empeiria and/or its affiliates typically have the right to appoint portfolio company board members (including current or former Empeiria personnel, personnel of affiliated entities of the Adviser and persons serving at Empeiria’s request), or to influence their appointment, and to determine or influence a determination of their compensation. Empeiria expects that such persons will also be eligible from time to time to provide other services to and/or perform other functions for Empeiria, and to receive varying forms of compensation from Empeiria and/or its affiliates, including cash fees, retainers and a portion of the performance-based compensation received by one or more GPs. From time to time, portfolio company board members approve compensation and/or other amounts payable to Empeiria and/or its affiliates. Except to the extent such amounts are subject to the Documents’ offset provisions, they will be in addition to any asset management fees or performance-based compensation paid to affiliates of Empeiria or Empeiria personnel by a Fund or with respect to an Individual Client. Empeiria does not participate in any wrap fee programs. Empeiria generally does not have full discretionary authority regarding the investment of client assets. Rather, Funds (or sub-funds, classes or series of funds) generally are formed, and Individual Clients are contacted, to invest into a single or limited number of investment opportunities. Accordingly, it is unlikely that Empeiria would need to allocate investment opportunities amongst multiple Funds or Individual Clients. If such a situation should arise, however, Empeiria would allocate investment opportunities in accordance with the guidelines (if any) set forth in the Documents. In addition, in the event multiple Funds or Individual Clients invest in same investment, Empeiria generally does not have the authority to determine the relative investment sizes of the Fund(s) and/or Individual Client(s), which are instead determined by the investors of the participating Funds and/or Individual Clients through negotiations at the time an investment is made. As of December 31, 2023, Empeiria managed approximately $307 Million of client assets, all on a non-discretionary basis.