A. Third Lake Partners, LLC is an investment advisory firm with its principal place of business located in Tampa, Florida. Third Lake Partners, LLC will be referred to in this brochure as “Third Lake,” “we,” the “Adviser,” or the “Firm.” Third Lake was formed in 2013, and commenced investment advisory operations in 2019. Third Lake was co-founded by its indirect principal owners Kenneth (“Ken”) Jones, who is the managing partner and Robert Forsythe, who is a partner. Each of the principal owners owns their interest in Third Lake indirectly through a limited liability company. The Firm is organized as a Delaware limited liability company. B. Third Lake serves as an investment advisory firm to a variety of clients on a discretionary and non-discretionary basis across asset classes which include, but are not limited to, real estate, private credit, private equity, venture capital and hedge funds. Third Lake’s clients include, but are not limited to, family offices, high net worth individuals, trusts, private foundations, retirement plans and private investment partnerships through both separately managed accounts (generally such clients are non-discretionary) (such clients referred to as the “SMAs”) and private pooled investment vehicles (such clients referred to as the “Funds” and each a “Fund,” and collectively with SMAs, the “Clients” and each a “Client”) (generally such Fund Clients are discretionary). The Firm also provides financial advisory and due diligence services, among others, as and when

requested by SMAs from time to time. The Adviser, in providing its non-discretionary services to its SMAs, will source and recommend investment opportunities to the SMAs (consistent with each SMA’s investment guidelines). Any investment opportunities in which the SMAs determine to invest will generally be effected through a Fund. Thus, if an SMA Client determines to invest in an investment opportunity sourced and recommended by the Adviser, such assets attributable to such SMA Client will generally ultimately invest in a discretionary Client of the Adviser (i.e., a Fund). C. Investments are tailored and customized to each SMA’s individual needs and requirements. SMAs could impose investment restrictions. Investments in the Funds will not be tailored to the individual needs of its beneficial owners directly nor will any beneficial owner of a Fund be able to impose restrictions on the types of investments held by such Fund. However, to the extent the Fund directly imposes restrictions on certain types of investments, such restrictions will be detailed in the applicable Fund’s offering and/or related documents. D. We do not participate in wrap fee programs. E. As of December 31, 2023, Third Lake managed approximately $3,185,787,024 total regulatory assets under management of which $1,593,678,197 is discretionary, and $1,592,108,823 is non- discretionary. 2 | P a g e See Item 8 of this brochure for a more detailed discussion of Third Lake’s investment strategies.