LWO LLC (“LongWater,” the “Adviser,” “us,” “we,” and “our” the “Firm”) is a Texas limited liability company formed by Jordan Bastable and Brooks Burgum (“Founding Partners”) in 2009. LongWater provides discretionary investment advisory services to its clients who are private pooled investment vehicles and herein referred to as Fund(s). LongWater provides these services due to a delegation of authority by the general partner of each Fund (collectively, the “General Partners”). As described herein, the General Partners are affiliated entities of LWO LLC. LongWater is the investment manager of pooled investment vehicles exempted from registration under 3(c)(1) or 3(c)(7) of the Investment Company Act of 1940 (“Funds”). LongWater does not anticipate registering such investment vehicles under the Investment Company Act of 1940 and their shares or interests, as applicable, will not be registered under the U.S. Securities Act of 1933. Accordingly, the Funds will not be publicly offered in the United States. LongWater offers a range of investment strategies, encompassing Private Equity and Private Credit and Custom Solutions. LongWater’s mission is to generate world-class risk-adjusted returns for our investors by building great American businesses in a responsible way and ensuring we leave a positive and lasting impact on our employees and communities. We focus on a less competitive space within the private equity market and leverage The Founding Partners’ deep experience as family business CEOs to identify strong investments and drive value creation efforts more effectively. Within our Private Equity Strategy, we target control buyout equity investments in lower middle market, U.S.-based

manufacturing companies. We partner with family owner-operators and entrepreneurs as the first institutional investor in companies with a significant opportunity to benefit from operational, financial, and strategic support. LongWater recognizes that long- term value is created through taking a hands-on approach with its portfolio companies to identify and execute strategic and operational initiatives that create sustainable competitive advantages. The Private Credit and Custom Solution Strategies encompasses various financial solutions. Our Private Credit provides investment opportunities through senior secured, unitranche, second lien, and mezzanine credit. Custom Solutions offers investment solutions through direct minority co-investment opportunities and private equity fund investments, focusing on direct investments to businesses in the lower middle market. The investment management services provided to the Funds primarily consist of evaluating, structuring, and negotiating investments, monitoring the performance of such investments and other administrative services. These services are provided pursuant to investment management agreements with the Funds, Investment advice is provided directly to each Fund and not individually to the limited partners or investors in the Funds. Investment advice is tailored to each Fund’s investment objectives and the investment restrictions contained in the Funds’ governing documents. We do not participate in wrap fee programs. As of December 31, 2023, our assets under management (including unfunded capital commitments) are $278,636,904; all of which are managed on a discretionary basis. We do not manage assets on a non-discretionary basis.