ADVISORY BUSINESS Walnut Grove is a Memphis, Tennessee based investment firm founded in 2013. Samuel A. Thompson IV, as the managing member of Walnut Grove Capital Partners, LLC, the general partner of Walnut Grove, is the principal owner of Walnut Grove and controls Walnut Grove. The general partner of Walnut Grove has ultimate responsibility for the management and operations of Walnut Grove. For purposes of this Brochure, “Walnut Grove” shall include (where the context permits) Walnut Grove Capital Partners, LLC and the affiliated general partners of the Funds (as defined below). Walnut Grove provides investment advisory services to privately offered alternative investment funds (the names of which are set forth below). The primary investment objective of the Funds is to maximize long-term total returns in variable market and economic conditions, while emphasizing preservation of capital. Walnut Grove invests the Funds’ assets in both public and private companies. Each Fund may have different investment features, which may include varying levels of fees, withdrawal rights, investment guidelines, investment minimums, investor qualification standards, and liquidity terms. Generally, the Funds invest in a concentrated portfolio of companies Walnut Grove evaluates to have enduring competitive advantages. Please see Item 8 –Methods of Analysis, Investment Strategies and Risk of Loss, for a more comprehensive discussion of our investment approach. Private Funds
• Walnut Grove Partners, LP
• Marked Tree or Marked Tree Funds: o Marked Tree Partners I, LP o Marked Tree Partners Holdings, LP
• Marked Tree SSI Co-Invest, LP The investment strategies, risks, fees, and other important information about each Fund are set forth in the applicable Fund’s confidential private placement memorandums, limited partnership agreements, investment advisory agreements, co-investment

agreements, side letters and other governing documents of the relevant Fund or account (collectively, the “Governing Documents”). The information in this Brochure does not purport to be a complete description of the Funds and it is qualified in its entirety by a Fund’s Governing Documents. Walnut Grove makes all investment decisions on behalf of the Funds pursuant to the terms of an investment management agreement between each Fund and Walnut Grove. Investment advice is provided directly to the Funds, subject to the discretion and control of the applicable general partner, and not individually to the investors in the Funds. Advisory services are provided to the Funds in accordance with the investment management agreements with the Funds and Governing Documents of the applicable Fund. Investment restrictions for the Funds, if any, are generally established in the Governing Documents of the applicable Fund and/or the investment management agreements. From time to time, Walnut Grove will form capital around a particular investment strategy or theme, or establish, on a transaction-by-transaction basis, special purpose vehicles, separately managed accounts or other accounts or arrangements through which certain persons generally invest alongside or with one or more Funds or other Clients (each, a “Co-Investment Vehicle”). Walnut Grove does not participate in any wrap fee programs. Throughout the Brochure, where the context requires or is appropriate, the term “Client” applies to a Fund and may also apply to Co-Investment Vehicles. Any offer to sell or a solicitation of an offer to buy Interests in the Fund will be made only by delivery of the confidential Governing Documents to qualified investors. As of December 31, 2022, Walnut Grove managed on a discretionary basis approximately $151,860,000 in regulatory assets under management. Walnut Grove does not currently manage any assets on a non- discretionary basis.