business. Identify your principal owner(s). Notes: (1) For purposes of this item, your principal owners include the persons you list as owning 25% or more of your firm on Schedule A of Part 1A of Form ADV (Ownership Codes C, D or E). (2) If you are a publicly held company without a 25% shareholder, simply disclose that you are publicly held. (3) If an individual or company owns 25% or more of your firm through subsidiaries, you must identify the individual or parent company and intermediate subsidiaries. If you are an SEC-registered adviser, you must identify intermediate subsidiaries that are publicly held, but not other intermediate subsidiaries. If you are a state-registered adviser, you must identify all intermediate subsidiaries. Medley Partners, a Delaware limited liability company, is a California- based fund-of-funds manager that manages private investment funds and other accounts which invest primarily in limited partnerships across the private asset classes, including buyout, growth equity, venture capital, real estate and credit in the United States, Europe and Asia. Medley Partners was founded in 2007 by Mr. Mark Heising, the son-in-law of Mr. James Simons, for the purpose of managing the private investments of the philanthropic foundations affiliated with Mr. Simons’ family (including but not limited to the Simons Foundation, the Heising-Simons Foundation, the Foundation for a Just Society, and the Sea Change Foundation) as well as certain other family entities. Prior to January 1, 2018, Medley Partners was wholly owned by Mr. Heising and therefore excluded from regulation under the Investment Advisers Act of 1940 (“Advisers Act”) pursuant to the definition of “family offices” under Advisers Act Rule 202(a)(11)(G)- 1. Effective January 1, 2018, Medley Partners restructured its organization such that Medley Partners is now wholly owned by Medley Partners Advisors, L.P., and concurrent therewith, Mr. Heising transferred a portion of his ownership interest in Medley Partners Advisors L.P., to a group of individuals who currently operate Medley Partners as executive officers or in similar capacity, with each owning less than 25%. Medley Partners’ investment advisory services are provided primarily to the private investment funds (the “Funds”), all of which are domiciled in Delaware as either limited partnerships or limited liability companies, and whose beneficial owners are the aforementioned foundations and/or family members or entities. In addition, Medley Partners also provides discretionary investment advisory services to other separately-managed accounts beneficially owned by the aforementioned foundations (the “SMAs” and together with the Funds, the “Advisory Clients”). Affiliates of Medley Partners serve as the general partners of the Funds (the “Affiliated General Partners”). Each of the Affiliated General Partners is controlled by or under common control with Medley Partners. out as specializing in a particular type of advisory service, such as financial planning, quantitative analysis, or market timing, explain the nature of that service in greater detail. If you provide investment

advice only with respect to limited types of investments, explain the type of investment advice you offer, and disclose that your advice is limited to those types of investments. Medley Partners presently provides investment advisory services solely to the Advisory Clients. Medley Partners does not solicit other advisory clients or seek investors in the Funds that are not affiliated with the families or foundations of Mr. Heising, Mr. Simons and their families. On behalf of the Advisory Clients, Medley Partners provides investment management and supervisory services with regard to the selection, monitoring, reporting and realization of investments, principally in limited partnership interests of professionally managed private equity, venture capital, real estate and private credit funds in the United States, Europe and Asia (the “Portfolio Funds”). The Portfolio Funds are managed by third- party professional managers (“Portfolio Managers”). In some instances, Medley Partners also provides investment management services with respect to co-investments in privately held operating companies. Generally, the beneficial owners of the SMAs are also investors in the Funds; the SMAs were established to provide an opportunity for the beneficial owners of the SMAs to acquire additional interests in the underlying Portfolio Funds. As a result, the Funds take priority over the interests of the SMAs in all instances where there is a limited investment opportunity in a Portfolio Fund. the individual needs of clients. Explain whether clients may impose restrictions on investing in certain securities or types of securities. Medley Partners provides investment advisory services to the Advisory Clients based upon the criteria set forth in the limited partnership agreements or operating agreements. Individual investors in the Funds do not have the ability to impose restrictions on Medley Partners’ investments in certain securities or types of securities. management services, (1) describe the differences, if any, between how you manage wrap fee accounts and how you manage other accounts, and (2) explain that you receive a portion of the wrap fee for your services. Not applicable. Medley Partners does not participate in wrap fee programs. manage on a discretionary basis and the amount of client assets you manage on a non-discretionary basis. Disclose the date “as of” which you calculated the amounts. Note: Your method for computing the amount of “client assets you manage” can be different from the method for computing “assets under management” required for Item 5.F in Part 1A. However, if you choose to use a different method to compute “client assets you manage,” you must keep documentation describing the method you use. The amount you disclose may be rounded to the nearest $100,000. Your “as of” date must not be more than 90 days before the date you last updated your brochure in response to this Item 4.E As of December 31, 2023, Medley Partners manages $6,298,284,854 on a discretionary basis.