ADVISORY BUSINESS Highcrest Capital is an investment advisor organized as a limited liability company under the laws of the State of Texas with its principal place of business in Fredericksburg, Texas. Highcrest Capital was formed in 2014 by its sole owner, J.P. Bourtin, who also serves as the Chief Executive Officer and Co-Chief Investment Officer. The Investment Adviser offers investment advisory services on a discretionary basis to privately placed pooled investment vehicles. The Investment Adviser currently provides investment advisory services to two private investment funds, Highcrest Private Credit Income Fund, L.P., and Highcrest Opportunities Fund, L.P. (each a “Fund”, and collectively the “Funds”). The Funds are collectively referred to herein as each, a “Client” and collectively, the “Clients.” Investments in the Clients are generally offered only to high- net-worth individuals, institutional Investors, and other Investors, that meet the applicable Investor suitability requirements (each, an “Investor” and collectively, the “Investors”). The Investment Adviser mainly focuses its investment strategies on private credit, including but not limited to investing in small business loans, merchant cash advances, asset-backed loans and leases secured by real estate, equipment, inventory, receivables and other forms of collateral, loans backed by receivable payments and tax credits from the United States Government, credit facilities, and other investment opportunities as set forth in the applicable offering and governing documents, which could include

equity, such as warrants or stock in companies, private equity and other types of securities related to companies with which the Fund is doing business. Highcrest Private Credit Income Fund, L.P. was organized in September 2014 as a Delaware limited partnership and generally pursues a private credit strategy which, as noted above, seeks to invest in a broadly diversified portfolio of small business loans, merchant cash advances, and other private credit opportunities, with the goal of generating consistent cash income. Highcrest Opportunities Fund, L.P., was organized as a Delaware limited partnership in July 2023. The Fund generally intends to focus its investment strategy in relatively short-duration credit to private companies that are secured by United States Government receivables, tax credits and other types of secured collateral. Highcrest Capital provides advice to Funds based on specific investment objectives and strategies pursuant to the terms of the Funds’ private placement memorandum, operating agreement, limited partnership agreement as applicable (collectively, the “Governing Documents”), and based on the specific investment objectives and strategies as disclosed therein. The Investment Adviser does not tailor advisory services to the individual needs of Investors in the Funds. The Firm or an affiliate of the Firm acts as the general partner to the Funds. The Firm does not presently offer wrap fee programs. As of February 29, 2024, the Investment Adviser had approximately $666,737,345 in total assets under management.