A. Advisory Firm IDF has been in business since 2015 and currently is a Florida limited liability company. One of our legacy Projects exists within our initial limited liability company domiciled in New York. It is solely owned by Nikhil Nunes. Some of our Projects are advised and managed through separately formed subsidiaries. All Projects are subject to customary terms and conditions and financed at market rates. B. Advisory and Other Services Provided IDF provides customized ongoing investment advice, on a regular basis for fees, to separately managed accounts (“SMAs” or “Clients”) in connection with long-term project finance transactions (each, a “Project”). All of our Clients qualify as “QIBs” (i.e., Qualified Institutional Buyers). We provide investment advice to Clients on available product development and sales funding techniques, with an emphasis on debt finance. Each Project is separately advised and structured in an entity tailored to each Client’s requirements based on investment objectives and applicable restrictions. IDF identifies potential projects for Clients on a global basis. In addition to investment advisory services, IDF provides day-to-day managerial and administrative services for each Project. These additional services may include identifying, analyzing, structuring, and negotiating potential investments and financing opportunities, monitoring the performance of each Project, and advising each Client regarding both financing and disposition opportunities. The scope of these services is described in the respective advisory and management agreements separately negotiated for each Project. Separately, as opportunities arise, IDF also provides customized consulting services to project originators on a contractual basis. These arrangements are documented in separately negotiated consulting agreements. In evaluating the Projects we advise, whether on an ongoing basis or contractually, we take into account ESG criteria, to the extent this information is reasonably available. Although these criteria are not formally defined by the Securities and Exchange Commission, our regulator, and are evolving, we adhere to what our research indicates are industry standards of what these terms mean. Generally, they evaluate business, legal, and financial considerations that promote sustainability while mitigating Project risks. Our evaluation and ongoing investment management includes an assessment of the impact of each of these factors when we select and manage Projects to which we provide investment advice, based on the nature of the Project itself. IDF has no authority or ability to change the Environmental, Social or Governance factors implemented by our portfolio companies. See also, Item 8 for additional information on ESG investment considerations. Environmental factors are typically concerned with calculating the direct and, in some cases, indirect impact of a business on the natural environment. Each portfolio company’s efforts to conserve or improve the natural environment may also be considered. Social factors consider how a business handles its relationships with suppliers, contractors, employees, and communities. As such, it is inherently focused on labor practices and community relations. Governance factors are focused on how a business is structured, managed, and operated. This will include, as appropriate, executive compensation, shareholder

rights, and how the potential portfolio company holds itself accountable, such as audit and internal controls, as defined by the portfolio company. In addition, we also measure and track our Projects against the United Nations Sustainable Development Goals (SDG). For further details, please see Item 8 regarding IDF’s ESG and sustainable infrastructure investments approach. C. Custom Advisory Services As detailed in section B of Item 4, above, IDF’s investment advice to its Clients is customized and tailored to each Client’s investment mandate, objectives, and restrictions. Investors and prospective investors should refer to the relevant confidential private placement memorandum, entity governance agreement, investment management agreement and other governing documents (the “Governing Documents”) for complete information on the investment objectives, policies and restrictions of a relevant Client. The terms of the Governing Documents may differ for each Client for tax, regulatory, or other reasons. D. Wrap Fee Programs IDF does not participate in wrap fee programs. E. Assets under Management As of December 31, 2023, IDF had $613,321,594 in regulatory assets under management for which it had non-discretionary authority, as described in each Client’s advisory and management agreement. BIOGRAPHICAL INFORMATION In lieu of adding ADV Form 2B as a Brochure Supplement, IDF is providing the biographical information for Mr. Nikhil Nunes, IDF's sole owner and investment advisor, below: Educational Background and Business Experience: Nikhil Nunes, born in 1969, received a Master of Science in Materials Engineering from the Georgia Institute of Technology, a Masters in Business Administration from New York University, and a Bachelor of Science in Mechanical Engineering from the University of Massachusetts. Mr. Nunes, IDF's CEO and CCO, founded IDF in January 2015 while he was a Partner at Perella Weinberg Partners Asset Management ("PWP") from 2015-2018. Prior to PWP, Nikhil was at General Electric ("GE") for 25 years, leading multiple mergers and acquisitions across the globe. During his last position at GE (2009 to 2015), he was the Managing Director of the Strategic Investment Partnerships group, where he led over $15Bn of strategic partnerships across GE's industrial and financial businesses. Disciplinary Information: None. Other Business Activities: As noted in Item 5, below, IDF also charges fees for special projects and/or other ad hoc consulting assignments. Any such fees are described in an investment management agreement or similar document. Therefore, IDF may receive compensation for consulting services provided to business entities that are not Clients. Compensation for such services is provided in accordance with the respective consulting agreement with the business entity. Supervision: Mr. Nunes has extensive experience in the financial services industry, having previously worked for, among other firms, GE and PWP, where he structured transactions similar to the Projects on which he currently provides investment advice for IDF's Clients. He is the CCO of IDF and is fully aware of his fiduciary and other duties to Clients. Advice provided by IDF to each Client, through Mr. Nunes, is documented in email, investment management agreements and/or investment materials provided, discussing key terms and disclosures to Clients.