For purposes of this Brochure, “Park Cities” or the “Adviser” means Park Cities Advisors LLC, a Delaware limited liability company founded in June 2017 together (where the context permits) with its affiliates that provide investment advisory services to and/or receive advisory fees from Clients (as defined below). Such affiliates may or may not be under common control with Park Cities but possess a substantial identity of personnel and/or equity owners with Park Cities. Such affiliates may be formed for tax, regulatory, or other purposes in connection with the organization of Funds (as defined below) or may serve as general partners of such Funds. The Adviser commenced its advisory services on January 25, 2018. Park Cities is a wholly owned subsidiary of Park Cities Asset Management LLC, a Delaware limited liability company (“PCAM”). PCAM is primarily owned and controlled by RPCG Holdings LLC, a Texas limited liability company (“RPCG”), which is owned and controlled by Alexander Dunev and J. Andrew Thomas (the “Principals”). The Principals are primarily responsible for the management of the Adviser. The Adviser provides investment management services to private pooled investment vehicles that are exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and whose securities are not registered under the Securities Act of 1933, as amended (“Securities Act”) (collectively referred to as “Funds”). The Funds are also individually referred to as a “Client” and collectively, the “Clients”. Park Cities Specialty Finance Fund II LP, a Delaware limited partnership (the “Park Cities Fund”), is a private investment vehicle primarily for the benefit of U.S. taxable investors. Park Cities

Specialty GP LLC, a Delaware limited liability company (the “General Partner”), serves as general partner of the Park Cities Fund. The General Partner is owned and controlled by PCAM. Park Cities Income Partners LLC (“PCIP”), a Delaware limited liability company, is organized to operate as a specialty finance company and issue secured promissory notes. PCAM is the Managing Member of PCIP. Park Cities Equity Partners III LP, a Delaware limited partnership (“PCEP III”), is a private equity fund and Park Cities Equity Partners III GP LLC serves as its general partner. Park Cities Equity Partners V LP, a Delaware limited partnership (“PCEP V”), is a private equity fund and Park Cities Equity Partners V GP LLC serves as its general partner. Park Cities provides investment advisory services on a discretionary basis to the Park Cities Fund, PCIP, PCEP III and PCEP V in accordance with the investment objectives and restrictions set forth in their respective confidential private placement memorandum, limited partnership/limited liability company agreement and/or other governing documents (the “Governing Documents”). Investment advice is provided directly to the Funds, subject to the discretion and control of the General Partner and PCAM (as applicable) and not individually to the investors in these Funds. Investors in the Funds generally are not permitted to impose restrictions or limitations on the management of the Funds. Notwithstanding the foregoing, the Funds and the Adviser may in the future enter into side letter agreements and other arrangements with certain investors that alter, modify or change the terms of the interests held by those investors. As of December 31, 2023, the Adviser manages $398,178,165 in discretionary assets and $0 in non- discretionary assets.