Description of Firm MLC Asset Management US LLC ("MLCAM US") is a registered investment adviser based in New York, NY, and a wholly owned subsidiary of MLC Asset Management Holdings Limited, which, in turn, is a wholly owned subsidiary of MLC Wealth Limited which is directly owned by Insignia Financial Limited (IFL). We are organized as a limited liability company ("LLC") under the laws of the State of Delaware and are an SEC registered investment adviser. The following paragraphs describe our investment management services. Refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to our clients' specific needs. As used in this brochure, the words "we," "our," and "us" refer to MLCAM US. Investment Management Services We provide non-discretionary investment management, advisory services and/or other services, through our private equity team (“PE Team”), to MLC Asset Management Pty Limited ("MLCAM"), an Australian proprietary company limited by shares and affiliate of MLCAM US, under the investment management agreement between MLCAM US and MLCAM. MLCAM US, through its PE Team, provides non-discretionary investment management services in relation to a number of portfolios (each within an account – set up as an Australian superannuation fund, Australian closed-ended wholesale unregistered trust or Australian co- investment fund (each a “Trust”)) (hereinafter referred to as “Portfolios”) domiciled in Australia. Our investment management services primarily encompass research of US and non-US private equity funds and private equity fund managers, meeting with those fund managers and providing recommendations to MLCAM's Australian investment committees (“Investment Committee”) in relation to private equity investments. Furthermore, our investment management

services include the following:
• Assisting in gathering signatures in connection with transactions performed with new or existing private equity investments.
• Sourcing, and upon Investment Committee approval, negotiating private equity investment transactions with private equity fund managers including the review and negotiation of the applicable documentation.
• Engaging with the purchaser/s in relation to, and upon Investment Committee approval, negotiating the commercial terms of, the secondary sale of private equity investments held in a Portfolio including the review and negotiation of the applicable documentation.
• Developing and offering private equity-related investment management services and/or products.
• Monitoring and evaluating the performance of investments in the Portfolios on an on-going basis, and periodically reporting on the same. At the election of MLCAM, a representative of MLCAM US may be asked to sit on the board of directors, advisory committee or other governing body of any portfolio company held (directly or indirectly) in a Portfolio. We do not participate in any wrap fee program. Types of Investments The PE Team offers non-discretionary investment advice on interests in partnerships or other legal structures investing in private equity companies. MLCAM US generally neither tailors its advisory services to the individual needs of the investors in the Portfolios, nor accepts investor- imposed investment restrictions. Each Portfolio is tailored to meet the investment objectives and restrictions based on the governing documents for the Portfolios and any applicable mandates and/or investment guidelines. Assets Under Management As of June 30th, 2023, we manage 11 clients with $1,903,970,000 in RAUM (collectively) on a non- discretionary basis.