Arable, a State of Washington limited liability company, is an SEC-registered investment adviser with its principal place of business in Bellevue, Washington. Arable’s owners are its founding partners, Greg Richards and Derek Yurosek (the “Principals”). Arable began operations in 2016 and was formed to provide investment advisory services to pooled investment vehicles, related parallel funds alternative investment vehicles, and other specially formed investment vehicles (each, a “Fund” and collectively, the “Funds”) that make private equity investments. Arable specializes in investing in the agribusiness industry with a primary focus on midstream opportunities around fruit, vegetables, and forage segments. Arable does not provide investment advisory services individually to investors in the Funds. The Funds will not be registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and their securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). Arable’s investment decisions and advice with respect to each Fund will be subject to each Fund’s investment objectives and guidelines, as set forth in such Fund’s offering documents. Arable generally provides investment advisory services to the Funds through separate advisory agreements (each, an “Advisory Agreement”) tailored to the specific needs of each Fund as may be necessary, appropriate, or negotiated on a case-by-case basis. Services to the Funds include identifying, evaluating, structuring, and negotiating prospective investments, managing and monitoring portfolio companies, and advising the Funds with respect to disposition opportunities. An affiliate

of Arable is expected to serve as the general partner (or similar managing body) of each Fund, or client. Management and advisory services for a Fund, including all day-to-day operations and investing activities, will be delegated by the general partner (or similar managing body) to Arable. Arable serves as the investment adviser to Arable Capital, LLC, a Delaware limited liability company (“Fund I”), a private investment fund that is exempt from registration under the Investment Company Act and the Securities Act. Fund I is currently Arable’s only client. Arable serves as the Managing Member of Fund I. Arable’s affiliate, Arable Capital GP, LLC, a Washington limited liability company, serves as the Special Non-Managing Member. Each of Messrs. Richards and Yurosek owns 55% and 45%, respectively, of the Special Non-Managing Member. The descriptions set forth in this brochure of specific advisory services that Arable offers to its clients should not be understood to limit in any way Arable’s investment activities. Arable may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this brochure, that Arable considers appropriate, subject to each client’s investment objectives and guidelines. The investment strategies Arable pursues are speculative and entail substantial risks. Clients should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any client will be achieved. Arable does not currently participate in any Wrap Fee Programs. As of December 31, 2023, Arable managed $509,500,338 in regulatory assets under management on a discretionary basis.