NOVA Infrastructure Management, LLC (“NOVA”) was founded in January 2018 by Christopher Beall, Managing Partner, and Allison Kingsley, Partner and Chief Risk Officer. NOVA sources and executes value-added infrastructure investments in environmental services, transportation, communications, energy/energy transition and other infrastructure sectors primarily in North America. NOVA provides investment advisory services to and receives advisory fees from privately offered investment vehicles (each, a “Fund” and collectively, the “Funds”) sponsored by NOVA that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”), and as further described below. The following Items describe the terms of the Funds. NOVA’s mission is to catalyze value creation in infrastructure by combining creative deal sourcing and operations with industry experience and relationships. NOVA focuses its investment activity on the “Middle Market,” which for NOVA will generally encompass investments of less than $500 million in equity. Examples of possible target transaction structures include platform build-out strategies or build- to-core platforms; complex, high value-added deals; assets with growth or expansion opportunities; take privates of small or mid-sized companies; selected brownfield development; deals in out-of-favor sectors; smaller core deals; corporate carve outs; structured debt and equity hybrids; balance sheet restructuring; and/or cross sector platforms or platforms with multiple business lines. NOVA tailors its advisory services to the specific investment objective and restrictions of the Funds pursuant to the investment guidelines and restrictions set forth in the confidential private placement memorandum of the Funds (“PPM”) and the limited partnership agreement (“LPA”), each as supplemented or amended, and other governing documents of each Fund (collectively,

the “Fund Governing Documents”). NOVA does not provide individualized advice to investors within the Funds; however, pursuant to the Fund Governing Documents, NOVA is entitled to enter into arrangements or side letters with investors and has done so. Typically, these investors are, and in the future likely will be, large and/or strategic investors, and the terms are, and in the future likely will be, different or supplement those already described in the Fund Governing Documents, sometimes subject to a minimum commitment amount. The terms are more favorable than those given to other investors. Terms are typically a reduced management fee but can also include a most-favored-nations clause with respect to fees, liquidity, and/or information rights, a provision permitting the disclosure of information to the investor’s beneficial owners and their advisers, enhanced reporting, and provisions that are required by law or regulation applicable to that particular investor. Investors and prospective investors in the Funds should refer to the Fund Governing Documents in conjunction with this Brochure for complete information on each Fund’s investment objectives, restrictions, and risks. Investors should consider whether a Fund meets their investment objectives and risk tolerance prior to investing. There is no assurance that NOVA will achieve any of the Funds’ investment objectives. The Fund Governing Documents permit and describe other investment related vehicles, including co-investment vehicles, alternative investment vehicles, and other structures. In applicable Items of this Brochure, NOVA further describes certain expected terms for these types of vehicles. Please also refer to Section 8 of this Brochure and the Fund Governing Documents for additional and important information about these vehicles. NOVA does not participate in any wrap fee programs. As of December 31, 2023, NOVA manages $642,603,044 of regulatory assets on a discretionary basis. NOVA does not manage any regulatory assets on a non-discretionary basis.