A. InTandem, a Delaware limited liability company formed in January 2012, is an investment adviser located 
in New York, NY. The Firm’s principal owner is Elliot Cooperstone. 
B. Firm  provides  investment  advisory  services  to  private  pooled  investment  vehicles  including  InTandem 
Capital Partners Fund, L.P. (“ICP”), InTandem Capital Partners Fund II, LP (“ICP II Master”), InTandem 
Capital Partners Fund II Blocker Feeder, LP (“ICP II Feeder,” and together with ICP II Master, “ICP II”), 
InTandem  Capital  Opportunities  Fund,  LP  (“ICO”),  InTandem  Capital  Partners  Fund  III,  LP  (“ICP  III 
Main”) and InTandem Capital Partners Fund III-A, LP (“ICP III Blocker,” and together with ICP III Main, 
“ICP III,” and together with ICP, ICP II and ICP III, the “ICP Funds”), ITC Rumba, LLC (“ITC”), ITC 
(PHS) Parallel Fund, LP (“PHS I”), ITC PHS Co-Invest II, LP (“PHS II,” and together with PHS I, “PHS”), 
ITC Rumba Co-Invest, LP (“ITC Co-Invest”), ITC Stork Co-Invest, LP (“Stork I”), ITC Stork Co-Invest II, 
LP  (“Stork  II,”  and  together  with  Stork  I,  “Stork”),  ITC  Infusion  Co-Invest,  LP  (“Infusion”),  ITC 
HouseWorks  Co-Invest,  LP  (“HouseWorks  Main”),  ITC  HouseWorks  Co-Invest  A,  LP  (“HouseWorks 
Blocker,” and together with HouseWorks Main, “HouseWorks”), ITC Ortho Co-Invest, LP (“Ortho Main”), 
ITC Ortho Co-Invest A, LP (“Ortho Blocker,” and together with Ortho Main, “Ortho), and ITC TAMF Co 
Invest, LP (“TAMF,” and with the ICP Funds, ITC, PHS, ITC Co-Invest, Stork, Infusion, HouseWorks and 
Ortho, collectively, the “Funds”). 
The  Funds  execute  lower  middle  market  “buy  and  build”  strategies  in  niche  healthcare  services  sectors 
positioned to benefit from demographic growth trends and industry consolidation with certain Funds acting 
as lead equity sponsors in executing such strategies. 
InTandem is affiliated with InTandem Fund GP, L.L.C. (“GP”), the general partner to ICP and PHS; ITC 
Rumba Manager, LLC (“Managing Member”), the managing member to ITC and the general partner to ITC 
Co-Invest; InTandem Fund GP II, LLC (“GP II”), the general partner to ICP II and Stork I; InTandem Stork 
II  GP,  LLC  (“GP  Stork  II”),  the  general  partner  to  Stork  II;  InTandem  Opportunities  Fund  GP,  LLC 
(“GPO”), the general partner to ICO; InTandem Infusion Co-Invest GP, LLC (“GP Infusion”), the general 
partner  to  Infusion;  and  InTandem  Fund  GP  III,  LP  (“GP  III”),  the  general  partner  to  ITC  III,  TAMF, 
HouseWorks and Ortho (GP, GP II, Managing Member, GP Stork II, GPO, GP Infusion and GP III are 
collectively referred to herein as the “General Partners”). 
Given the Firm’s strategy to invest in “buy and build” platform investments, and the potential for growth 
through  add-on  acquisitions,  the  Firm  anticipates  that  there  may  be
                                        
                                        
                                              co-investment  opportunities  (“Co-
investments”  or  “Co-invests”)  that  can  be  offered  to  investors  in  the  Funds  (“Investors”  or  “Limited 
Partners,” and together with the General Partner(s), “Partners”)) and other strategic investors, including other 
sponsors,  market  participants,  finders,  consultants  and  other  service  providers,  portfolio  company 
management  or  personnel,  InTandem  personnel,  and/or  certain  other  persons  associated  with  InTandem 
and/or  its  affiliates  (e.g.,  a  vehicle  formed  by  InTandem’s  principals  to  co-invest  alongside  a  particular 
Fund’s  transactions).  Such  Co-investments  typically  involve  investment  and  disposal  of  interests  in  the 
applicable portfolio company (“Portfolio Company”) at the same time and on the same terms as the Fund 
making  the  investment.  However,    for  strategic  and  other  reasons,  a  co-investor  or  Co-invest  vehicle 
(including a co-investing Fund) purchases a portion of an investment from one or more Funds after such 
Funds have consummated their investment in the Portfolio Company (also known as a post-closing sell-
down or transfer), which generally will have been funded through Fund investor capital contributions and/or 
use of a Fund credit facility. Any such purchase from a Fund by a co-investor or Co-invest vehicle generally 
occurs  shortly  after  the  Fund’s  completion  of  the  investment  to  avoid  any  changes  in  valuation  of  the 
investment, but in certain instances could be well after the Fund’s initial purchase. Where appropriate, and 
in InTandem’s sole discretion, InTandem reserves the right to charge interest on the purchase to the co-
investor or Co-invest vehicle (or otherwise equitably to adjust the purchase price under certain conditions), 
and  to  seek  reimbursement  to  the  relevant  Fund  for  related  costs.  However,  to  the  extent  that  any  such 
amounts are not so charged or reimbursed, they generally will be borne by the relevant Fund. 
The information provided herein about the investment advisory services provided by InTandem is qualified 
in its entirety by reference to the Offering Documents. 
C. InTandem  does  not  tailor  advisory  services  to  the  individual  or  particular  needs  of  the  Investors.  Such 
Investors accept the terms of advisory services as set forth in the Offering Documents. The Firm has broad 
investment  authority  with  respect  to  the  Funds  and,  as  such,  Investors  should  consider  whether  the 
investment objectives of the Funds are in line with their individual objectives and risk tolerance prior to 
investment. 
D. InTandem does not participate in wrap fee programs. 
E. As  of  December  31,  2023,  InTandem  managed  approximately  $1,961,400,000  in  client  assets,  all  on  a 
discretionary basis.