A. LEP Management is a Utah limited liability company and has its principal place of business in Salt Lake City, Utah. LEP Management currently provides investment advisory services to Leavitt Equity Partners I, L.P., Leavitt Equity Partners II, L.P., and Leavitt Equity Partners III, L.P., all Delaware limited partnerships, and private investment funds for sophisticated, qualified investors, including high net worth individuals, funds of funds, family offices, endowments and other institutions and intends to advise similar funds in the future (each a “Fund” and collectively, the “Funds”). The Funds are the clients of LEP Management (the “Clients”). LEP Management’s affiliates, Leavitt Equity Partners, LLC, Leavitt Equity Partners II, LLC, and Leavitt Equity Partners III, LLC serve as general partners to the Funds (each a “General Partner”). LEP Management was formed in August 2014, founded by Michael O. Leavitt. Mr. Leavitt held his ownership of LEP Management through Leavitt Partners LLC, a Utah limited liability company. On December 31, 2020, the Firm was sold to Leavitt Legacy, LLC. Leavitt Legacy, LLC is owned by LEP Management CEO Taylor Leavitt, and Leavitt Legacy, LLC now wholly owns LEP Management. Please refer to Schedules A and B of LEP Management’s Form ADV Part 1 for further information regarding its other control persons, who include Taylor Leavitt, Craig Omer, Andrew Clark, and Sierra Smith. B. LEP Management’s philosophy consists of pursuing minority positions in lower middle- market buyout and growth equity investments in health care to generate long-term value for Clients by (i) leveraging LEP Management’s strong presence and differentiated access in the health care industry to source unique investment opportunities, (ii) maintaining a value-based orientation

by adhering to a strict purchase price discipline, and (iii) driving operational transformation and enabling value enhancement through a distinctive, yet repeatable, process. Additionally, for Leavitt Equity Partners III, L.P., LEP Management will pursue co- sponsorship and sponsorship positions in addition to minority positions. C. LEP Management will provide the specific advisory services with respect to each Client based on the particular investment objectives and strategies described in the applicable Client’s confidential offering memorandum, limited partnership agreement, and investment advisory agreement (as applicable) (referred to collectively as “Client Documents”). LEP Management’s services are provided to each Fund pursuant to the terms of an investment management agreement between LEP Management, the Funds and the General Partners. LEP Management does not tailor its advisory services to individual investors in the Funds. The Funds do not offer interests to the public and Fund interests are only offered in private placements to qualified investors. The terms applicable to investors in the Fund are detailed in the Funds’ confidential offering documents, which are provided to prospective investors. All discussion of the Clients in this Brochure, including but not limited to their investments, the strategies used in managing the Clients, and conflicts of interest faced by LEP Management in connection with the management of the Clients, are qualified in their entirety by reference to the Client Documents. D. LEP Management does not participate in wrap fee programs. As of December 31, 2023, LEP Management had regulatory assets under management of $468,800,528 in discretionary assets and $0 in non-discretionary assets.