For purposes of this brochure, “Adviser” means PSG Equity L.L.C. (“PSG”), a Delaware limited liability company, together (where the context permits) with its affiliates that provide advisory services to and/or receive management fees or Carried Interest (as defined below) from the Funds (as defined below). These affiliates are formed for tax, regulatory or other purposes in connection with the organization of the Funds, or serve as general partners of the Funds. Background Established in 2014, PSG is a dedicated growth equity platform that focuses on investing in software or technology-enabled service providers in a variety of industries. The Adviser’s team operates out of offices in Boston, Kansas City, London, Madrid, Paris and Tel Aviv. The Adviser partners with companies across different stages in their development, making controlling and minority investments via a variety of deal structures, including but not limited to, growth financings, recapitalizations and management led buyouts. The Adviser can employ a variety of financing structures and targets, in the case of (i) Providence Strategic Growth L.P., Providence Strategic Growth-A L.P., Providence Strategic Growth II L.P., Providence Strategic Growth II-A L.P., Providence Strategic Growth III L.P., Providence Strategic Growth III-A L.P., Providence Strategic Growth IV L.P. and Providence Strategic Growth IV-A L.P. (collectively, “PSG I-IV”), initial equity investments of $5 million to $75 million in lower-cap and mid-cap companies with EBITDA of up to $10 million, (ii) PSG V L.P. and PSG V-A L.P. (“PSG V,” and together with PSG I-IV, “PSG I-V”), initial equity investments of $10 million to $100 million in lower-cap and mid-cap companies with EBITDA of up to $10 million, (iii) PSG VI L.P. and PSG VI-A L.P. (“PSG VI,” and together with PSG I-V, the “PSG U.S. Funds”), initial equity investments of $10 million to $150 million in lower-cap and mid-cap companies with EBITDA of up to $10 million, (iv) Providence Strategic Growth Europe L.P. and Providence Strategic Growth Europe (Lux) S.C.Sp. (“PSG Europe I”), initial equity investments of €5 million to €45 million in lower-cap and mid-cap companies with EBITDA of up to €10 million, (v) PSG Europe II L.P., PSG Europe (Lux-A) II S.C.Sp. and PSG Europe (Lux) II S.C.Sp. (“PSG Europe II,” and together with PSG Europe I, the “PSG Europe Funds” and collectively with the PSG U.S. Funds, the “Flagship Funds”), initial equity investments of €5 million to €100 million and (vi) PSG Encore L.P. and PSG Encore-A L.P. (the “Encore Fund” and together with the Flagship Funds, the “Main Funds”), initial equity investments of $50 million to $200 million in companies with EBITDA of $35 million to $75 million or greater. PSG I-V, PSG Europe I and the Encore Fund have held their final closings, PSG VI is expected to hold its first closing in 2023 and PSG Europe II is expected to hold its final closing in 2023. With respect to the Flagship Funds, the Adviser generally prefers to lead its investments or have significant minority rights, serve on portfolio company boards, and work collaboratively with portfolio company management. In a variety of industries, the Adviser strives to bring extensive industry, financial and operational expertise to each of its portfolio companies and other investments. The principal owners of PSG (indirectly) are Mark E. Hastings and Peter O. Wilde. Services The Adviser provides investment advisory services to investment vehicles 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”). The Adviser currently serves (or will serve) as the investment manager for the Main Funds and certain Co-Investment Vehicles (as defined below), and expects in the future to advise other funds in addition to those listed herein. Investors in the Funds are generally required to be “qualified purchasers” as defined in the 1940 Act. The Adviser will, from time to time, establish Funds (as defined below) generally on a transaction- by-transaction basis to allow certain persons to invest alongside one or more Funds in a particular investment opportunity or, in certain cases, opportunities (each such vehicle, a “Co-Investment Vehicle”). Co-Investment Vehicles are typically limited to investing in securities relating to the transaction or a particular portfolio company with respect to which they were organized; however, certain Co-Investment Vehicles are permitted to invest in securities relating to multiple Funds, transactions or portfolio companies. As a general matter, any co-investment by a Co-Investment Vehicle will be on terms and conditions not more favorable than the terms and conditions of the investment by the applicable Main Fund. Additionally, the Adviser also establishes affiliates which serve, and may itself serve, as general partner (or analogous entity) of alternative investment vehicles (each, an “Alternative Investment Vehicle”) organized to address, for example, specific tax, legal, business, accounting or regulatory- related matters that arise in connection with a transaction or transactions and the Adviser may also establish and serve as general partner (or analogous entity) of certain other Funds which are “feeder” vehicles (each, a “Feeder Fund”) organized to invest exclusively in another Fund. The Main Funds, Co-Investment Vehicles, Feeder Funds and Alternative Investment Vehicles are collectively referred to, as the context permits, as the “Funds.” The Funds make primarily long-term private equity and equity-related investments principally in growth-oriented companies, as well as, on occasion, investments in debt instruments. In accordance with the Main Funds’ respective investment objectives, the Main Funds focus on making investments in software or technology-enabled service providers in a variety of industries. The Adviser’s advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of the Funds, managing and monitoring the performance of such investments and disposing of such investments. The Adviser serves as the investment adviser or general partner to the Funds in order to provide such services. Investment advice is provided directly to the Funds, subject to the discretion and control of the applicable general partner, and not individually to the limited partners of the Funds. Services are provided to the Funds in accordance with an advisory agreement with each of the Funds and/or organizational documents of the applicable Fund. Investment restrictions for the Funds, if any, are generally set forth in the organizational documents of the applicable Fund. Additionally, certain employees of the Adviser provide research, trust, administrative, reporting and similar services to certain senior employees of the Adviser and certain of their family members and estate planning vehicles, in each case with respect to personal investment activities. As of December 31, 2022, the Adviser managed a total of $18,654,515,948 of client assets, all of which is managed on a discretionary basis.