A. The Adviser, an investment advisory firm located in Houston, Texas. The Adviser was formed in 2020 as a Delaware limited liability company. Nick Johnson is the sole owner of the Adviser. The Adviser provides investment advisory services only to pooled investment vehicles operating as private funds (each, a "Fund" or “Client”, or, collectively, the "Funds" or “Clients”). The Funds are exempt from registration as investment companies under the Investment Company Act of 1940, as amended (the “Investment Company Act”), in reliance upon one or more exclusions or exemptions thereunder. The Funds are typically structured as limited partnerships and have general partners (or similar persons or entities, a “General Partner”). The General Partners are affiliates of Armadillo. The Offering Documents of each Fund may also provide for the establishment of parallel, co- investment or other alternative investment vehicles in certain circumstances (each a “Co- Investment Vehicle”). Fund investors may participate in such vehicles for the purposes of certain investments, and if formed, such vehicles would also become Clients of the Adviser. B. Armadillo provides investment advisory services or portfolio management services to the Funds based on the particular investment objectives and strategies described in the relevant Fund’s confidential private offering memorandum (“PPM”), limited partnership agreement (“LPA”) among the General Partner and the relevant Fund’s limited partners (“Limited Partners”) and other governing documents (referred to collectively as “Offering Documents”). The Funds’ objectives are to seek a return from income generated through the provision of direct and indirect financing to (i) U.S. and U.K. plaintiff law firms participating in mass tort, consumer, and commercial litigation and (ii) litigation funding organizations, primarily

in the U.K., participating in commercial claims. The Adviser may enter into side letters or other similar agreements with certain investors that have the effect of establishing rights under, supplementing or altering a Client’s partnership agreement or an investor’s subscription agreement. Such rights or alterations could be regarding economic terms, fee structures, excuse rights, information rights, investment limitations, co-investment rights (including the provision of stated co-invest opportunities or priority allocation rights to, for example, limited partners who have capital commitments in excess of certain thresholds to one or more Clients), or transfer rights, among others. For the most part, any rights established, or any terms altered or supplemented will govern only the investment of the specific investor and not the terms of a Fund as whole. Certain such additional rights but not all rights, terms or conditions may be elected by certain sizeable investors with “most favored nations” rights pursuant to a Fund’s limited partnership agreement. C. Armadillo’s investment management and advisory services or portfolio management services to the Funds are provided pursuant to the terms of the Offering Documents and investors in the Funds that are managed at the Adviser’s discretion cannot obtain services tailored to their individual specific needs. All discussion of the Clients in this Brochure, including but not limited to their investments, the strategies used in managing the Clients, and conflicts of interest faced by the Adviser in connection with the management of the Clients are qualified in their entirety by reference to each Client’s respective Offering Documents. D. The Adviser does not participate in wrap fee programs. E. As of December 31, 2023, the Adviser has approximately $405 million in discretionary assets under management.