Introduction For purposes of this brochure, the “Adviser” means Lake Pacific Management Company LLC, a Delaware limited liability company (“Lake Pacific”), together (where the context permits) with Lake Pacific Management II, L.P. that serves as general partner (the “General Partner”) to, or that provides advisory services to and/or receive advisory fees from, the Funds (as defined below). This brochure describes the business practices of Lake Pacific and such affiliates, which together operate as a single advisory business. The Adviser and its predecessors have been in business since 1996. The Adviser has two 50% owners: William R. Voss and Wayne L. Carpenter. Description of Advisory Services Presently, the Adviser manages only Lake Pacific Fund II, L.P. In the future, the Adviser expects to manage additional Funds. For the purposes hereof, use of the plural term “Funds” includes these contemplated additional Funds. The Adviser provides investment advisory services to investment vehicles (the “Funds”) 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 Funds primarily seek to make private equity and equity-related investments. Although the primary focus of the Funds is on private equity investments, the Adviser from time to time recommends other types of investments consistent with a respective Fund’s investment strategy and objectives. The Adviser’s advisory services mainly 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 provides investment advice directly to the Funds and not to investors in the Funds individually. The applicable General Partner of each Fund retains investment discretion, and investors in the Funds do not participate in the control or management of the Funds. The Adviser provides investment advisory services to each Fund in accordance with the offering and organizational or governing documents (collectively, the “organizational documents”) of such Fund. Investment restrictions for the Funds, if any, are generally established in the organizational documents of the applicable Fund. In accordance with common industry practice, a Fund or its General Partner may from time to time enter into a “side letter” or similar agreement with an investor pursuant to which the Fund or its general partner grants the investor specific rights, benefits or privileges that are not generally made available to all investors. See “Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss” below for more details. Additionally, the Adviser has from time to time and expects in the future to offer co-investment opportunities to certain investors or other persons. Such opportunities typically involve the investment and disposal of interests in the applicable portfolio company at the same time and on substantially the same terms as the Funds making the investment (except as described herein under Item 11 with respect to post-closing sell-downs). Client Assets Managed by Lake Pacific As of December 31, 2023, the Adviser manages a total $185,736,923, all of which is managed on a discretionary basis.