For purposes of this brochure, the “Adviser” or “Shoreline” means Shoreline Equity Partners, LLC and Shoreline Equity Partners II, LLC, each a Delaware limited liability company, together (where the context permits) with its affiliated general partners of the Funds (as defined below) and other affiliates that provide advisory services to and/or receive advisory fees from the Funds. Such affiliates are under common control with Shoreline Equity Partners, LLC, and/or Shoreline Equity Partners II, LLC but possess a substantial identity of personnel and/or equity owners with Shoreline Equity Partners, LLC and/or Shoreline Equity Partners II, LLC. These affiliates were formed for tax, regulatory or other purposes in connection with the organization of the Funds, or may serve as general partners of the Funds. Shoreline provides investment advisory services to privately offered pooled investment vehicles that are exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). The Adviser focuses on managing private equity funds that make control investments in lower middle market companies primarily located in the Southeastern United States with an emphasis on value creation through both scaling businesses and optimizing operations. Shoreline’s investment activities are generally focused on specialized manufacturing, distribution and business and industrial services, as well as other industries where the Adviser’s investment team has historical experience. Investments in portfolio companies

(referred to herein as “Portfolio Companies” and individually as a “Portfolio Company”) are typically done through (i) buyouts, (ii) recapitalizations and (iii) corporate divestitures. Shoreline was founded in 2019 by Michael Hand and Peter Franz and together, remain the principal owners of the Adviser. Shoreline serves as the investment adviser to Shoreline Equity Partners Fund I, L.P. and Shoreline Equity Partners Fund II, L.P., which are pooled investment vehicles that are exempt from registration under the Investment Company Act of 1940, as amended, and whose securities are not registered under the Securities Act of 1933, as amended (collectively the “Funds” or “Clients”)., Affiliates of Shoreline serve as the General Partners to the Funds and maintain discretion over investment making decisions as set forth in the private placement memorandum, limited partnership agreement, investment and advisory agreement and/or side letter agreements negotiated with investors of the applicable Fund (collectively, the “Governing Documents”). Any Investment advice provided to the Funds by Shoreline or the respective General Partners is tailored to meet the investment objectives and restrictions set forth in the Governing Documents. The Adviser does not tailor advisory services to the needs of individual investors. Investors enter into side letters or similar agreements with the Funds or General Partners which can alter or supplement the terms of the Partnership Agreement to the specific investors. As of December 31, 2023, Shoreline managed approximately $907 million of regulatory assets under management on a discretionary basis.