BharCap Partners, LLC (“BharCap” or the “Adviser”), a Delaware limited liability company, was founded in February 2021 by Bharath Srikrishnan (Managing Partner) and five other Founding Partners. BharCap was established to primarily make privately negotiated transactions in operating entities in the financial services industry. The Adviser’s principal office is in Greenwich, CT. BharCap also has a satellite office in Hobe Sound, FL. The Adviser currently manages a non-discretionary separately managed account (“Fund I”) on behalf of an investor, who also owns a minority interest in the Adviser. In addition, the Adviser sponsors and manages private investment funds (“Private Funds”, together with Fund I, “Accounts”) that principally invest in equity, structured equity instruments, debt, and/or other securities of portfolio companies (see Item 10, Other Financial Industry Activities and Affiliations below). The Adviser’s advisory services for its Accounts consist of: (i) investigating, identifying and evaluating investment opportunities; (ii) structuring, negotiating and making investments; (iii) managing and monitoring the performance of such investments; and (iv) exiting such investments. The Adviser’s advisory services to each Account is subject to the specific investment objectives and restrictions applicable to such Account, as set forth in each Account’s investment management agreement, limited partnership agreement, confidential private placement memorandum and other governing documents (collectively, the “Governing Documents”). Investors and prospective investors in a Private Fund should refer to the Governing Documents for information on the investment objectives and investment restrictions with respect to that Private Fund. Investors in the Private Funds (generally referred to herein as “investors” or “limited partners”) participate in the overall investment program for the applicable Private Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other agreed-upon circumstances pursuant to the Governing Documents; for the avoidance of doubt, such arrangements generally do not and will not create an adviser-client relationship between the Adviser and any investor. The Private Funds or its General Partners, as defined herein, expect to enter 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 Governing Documents

with respect to such investors. A related person of the Adviser will generally act as the general partner of (or in another equivalent management position for) to Private Funds sponsored by the Adviser (“General Partner”). References to BharCap or the Adviser in this Brochure include, as the context requires, affiliates through which the Adviser provides investment advisory services or that act in any capacity referenced in the previous sentence. References to “person” in this Brochure include, as the context permits, natural persons and entities. The Adviser is supported by its Strategic Advisory Board (“SAB”). The SAB consists of numerous current or former financial services CEOs or C- level executives that have been engaged by BharCap as official advisers to BharCap and its portfolio companies. As part of its investment process, the Adviser seeks opportunities where members of the SAB can provide incremental value to a portfolio company by leveraging their experience in founding and growing numerous financial services businesses, their access to networks across the financial services industries, their expertise in investing and M&A execution capabilities and through board representation or otherwise (see Item 10, Other Financial Industry Activities and Affiliations below). The BharCap team has long-standing relationships with members of the SAB, having started the relationships with certain SAB members beginning in 2003. As of March 2023, the SAB had nine members, five of whom are Operating Partners and four are Strategic Advisors. The Operating Partners actively work on identifying investment themes, sourcing new opportunities, and providing guidance on current and prospective portfolio companies alongside the BharCap team. Some of the Strategic Advisors also work on portfolio companies, while others provide strategic advice regarding industry trends or investor relations. Although the Adviser expects investments to be made predominantly in non-public companies, it may, from time to time, recommend other types of investments (such as publicly traded equity or investments in companies outside of the U.S.) to the extent consistent with the respective Account’s investment strategy and objectives and its Governing Documents (as defined below). The Adviser does not participate in any wrap fee programs. As of December 31, 2023, BharCap has $1,605,363,647 of regulatory assets under management (“RAUM”). Specifically, BharCap advises and manages $1,445,716,524 of RAUM on a non-discretionary basis and $159,647,123 of RAUM on a discretionary basis.