Benford Capital Partners Management, L.P. (“Benford Capital Partners” or the “Firm”) is a limited partnership formed under the laws of the State of Illinois. The Firm commenced operations in 2020. Except where specified, references to Benford Capital Partners in this Brochure collectively refer to Benford Capital Partners and its affiliates. Edward Benford and Benjamin Riefe are each a limited partner in Benford Capital Partners. Benford Capital Partners is controlled by Benford Capital Partners Management, LLC which acts as the general partner of Benford Capital Partners. Benford Capital Partners Management, LLC is owned equally by Edward Benford and Benjamin Riefe. Edward Benford and Benjamin Riefe are referred to as “Principals” hereinafter. Benford Capital Partners is a private equity firm focused on buying and building lower middle market companies, focusing on privately held businesses with $1 million to $10 million of EBITDA. Benford Capital Partners broadly focuses on investments in (i) industrial technology, (ii) business-to-business (“B to B”) direct marketing, (iii) consumer packaged goods (“CPG”), and (iv) agricultural products and services. Additionally, Benford Capital Partners will opportunistically consider investments in other niche markets that meet the Firm’s investment screening criteria. Benford Capital Partners, and its affiliated entities, primarily provide advisory services to private equity funds. Currently, Benford Capital Partners provides advisory services to four funds – Benford Capital Partners I, L.P., Benford Capital Partners I-A, L.P., Benford Capital Partners II, L.P. and Benford Capital Partners II-A, L.P. (each a “Fund,” and collectively the “Funds”). The Funds are privately offered to qualified investors in the United States and elsewhere. Benford Capital Partners I GP, LP and Benford Capital Partners II, GP, LP (each a “General Partner” and together with any future affiliated general partner entities, the “General Partners”), entities affiliated with Benford Capital Partners through common ownership, act as the general partners of the Funds. The General Partners maintains ultimate authority over the respective Fund and delegate investment advisory services to Benford Capital Partners. Additionally, Benford Capital Partners may, in its sole discretion, form additional investment vehicles (“Co-Investment Fund”) for the purposes of allowing one or more Fund investors (but not necessarily all Fund investors) and/or other persons (including Executive Partners, as described in more detail in Item 8, members of Benford Capital Partners’ Operations Group, and any of the Firm’s members and/or affiliates of the General Partner) to invest alongside the Funds in a single investment. Between 2004 and 2019, the Principals raised 15 independent investment vehicles and invested approximately $56 million of capital in aggregate. Benford Capital Partners, LLC, an affiliate of Benford Capital Partners Management, L.P., serves as the manager of these investments (“Pre-Fund Investments”). Each Pre-Fund Investment is structured as a separate legal entity with unique ownership specific to the investment. The Funds, Co-Investment Funds and Pre-Fund Investments shall be

referred to herein as “Clients.” For the avoidance of doubt, Benford Capital Partners does not offer or provide investment advice to any individual persons or to investors in any of the Funds, Co-Investment Funds or Pre-Fund Investments. Benford Capital Partners, the General Partners and Benford Capital Partners, LLC operate a single advisory business and are deemed registered and subject to the Advisers Act pursuant to Benford Capital Partners Management L.P.’s registration in accordance with SEC guidance. Clients invest through privately negotiated transactions in operating entities, generally referred to herein as “portfolio companies.” Benford Capital Partners’ investment advisory services to Clients consists of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments, and achieving dispositions for such investments. Although investments are made predominantly in non-public companies, investments in public companies or publicly listed securities are permitted under certain conditions (most likely in the event of Benford Capital Partners taking an investment public). From time to time, the Principals or other investment professionals of Benford Capital Partners may serve on portfolio companies’ respective boards of directors or otherwise act to influence control over management of portfolio companies in which Clients have invested. Benford Capital Partners’ advisory services to the Funds are detailed in the applicable private placement memoranda or other offering documents (each, a “Memorandum”), limited partnership agreement or other operating agreements or governing documents (each, a “Partnership Agreement” and, as applicable, together with any relevant Memorandum, the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Benford Capital Partners does not tailor its advisory services to the individual needs of investors. The Firm’s investment advice and authority for each Client is tailored to the investment objectives of that particular Client. For the Funds, the Firm does not seek or require investor approval regarding each investment decision; however, for the Pre-Fund Investments, investors fund a specific amount of capital in each deal and receive a right of first refusal for follow-on investments in an amount pro rata to their committed capital. Investors in the Funds participate in the overall investment program for the applicable Fund. Investors generally cannot impose restrictions on investments made by Benford Capital Partners. However, an investor may be excused from a particular investment due to legal, regulatory or other agreed-upon circumstances pursuant to the relevant Partnership Agreement or an applicable side letter. The Funds or the General Partners have entered into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights under, or altering or supplementing the terms (including economic or other terms) of, the relevant Partnership Agreement with respect to such investors. As of December 31, 2023, the Firm managed $547,619,888 in client assets, all on a discretionary basis.