Advisory Services 4.A. Advisory Firm Description McKinley Alaska Private Investment, LLC (“MKA” or “Adviser”) is a Delaware series limited liability company formed on January 29, 2019, as McKinley Capital Alaska, LLC and renamed McKinley Alaska Private Investment, LLC on March 31, 2021. MKA is principally owned by McKinley Management, LLC (“MCK”) which is controlled by McKinley Management, Inc. (“McKinley”). The company formed to make investments through “private funds” or separately management accounts in private companies with business operations relevant to Alaska, make direct investments in private companies with business operations relevant to Alaska, and/or make direct investments in infrastructure assets located in or relevant to Alaska. MKA may also act as a sub- or co-investment adviser with unaffiliated investment advisers, managers and/or partners for certain joint ventures between MKA and unaffiliated entities. MKA may also establish relationships and engage clients of other McKinley entities, and MKA may provide client references to other McKinley entities as deemed suitable. In addition to private equity investing, MKA may also co-invest in financing early stage and small businesses that are seen as having the potential to generate higher rates of return and growth potential, often supported through new innovation and new industry niches. McKinley Capital Management, LLC is registered as an investment adviser under the U.S. Investment Advisers Act of 1940 (“Advisers Act”). It was a subsidiary of MCK and an affiliate of MKA. The firms shared office space and staff. Effective December 31, 2023, McKinley Capital was acquired by Denali Advisors, LLC (“Denali”), a San Diego, CA based registered investment adviser under the SEC Registered Investment Advisers Act of 1940. McKinley Capital will continue to operate as its own registered investment adviser until such time as Denali chooses to integrate the two businesses. Denali Advisors uses designated office space in MCK’s Anchorage office, and one employee (Robert A. Gillam) is employed by both Denali and MCK. 4.B. Types of Advisory Services MKA

provides investment advisory and management services on a discretionary basis to investors in private pooled investment vehicles (each a “Fund”, or collectively referred to as the “Funds”) or separately managed accounts that may be organized as single-investor private funds. MKA manages the assets of each Advisory client in accordance with the terms of the governing documents as applicable. Interests in MKA-sponsored investment vehicles advised by MKA are privately offered only to eligible investors pursuant to exemptions available under the U.S. Securities Act of 1933 as amended (the “Securities Act”), and the regulations promulgated thereunder. Some investment vehicles, including parallel and co- investment vehicles, are not registered with the SEC as investment companies based on specific exclusions from the U.S. Investment Company Act of 1940, as amended (the “1940 Act”). Typically, interests in such vehicles are offered to institutional investors and high net worth individuals. Additionally, MKA and its affiliates and equity owners, and certain of their related professionals, may invest alongside Adviser clients. Other qualified individuals who have had business relationships with MKA or who have industry expertise in the sector in the particular investment vehicle may also invest alongside Adviser clients. Client Investment Objectives/Restrictions Investments for private funds are managed in accordance with each Fund’s respective specific investment objectives, strategies and restrictions. They are not tailored to the individualized needs of any particular investor in the funds (each, an “Investor”). Investments for separately managed accounts are managed in accordance with each account’s respective specific investment objectives, strategies and restrictions and can be tailored to the individualized needs of any particular investor in the funds (each, an “Investor”). 4.C. Wrap-Fee Programs MKA does not participate in wrap-fee programs. 4.D. Assets Under Management as of December 31, 2023: Discretionary basis: $135,667,537 Non-Discretionary basis: $0