FIRM DESCRIPTION Equilibrium Ventures, LLC (hereinafter referred to as “EQV”, “we”, “us”, or “our firm”) is a Texas limited liability company with its principal office located in New York, New York and it has been operating since 2020. Towards Equilibrium Inc., a Delaware corporation, is the owner of our firm. Mr. Vinik, an owner of Towards Equilibrium Inc., also serves as Chief Executive Officer and Chief Investment Officer. EQV provides discretionary portfolio management and advisory services to pooled investment vehicles organized as a registered closed-end investment company (with one or more advised private funds converting to that structure) and private limited partnerships and other pooled investment vehicles (collectively, “Managed Funds”). EQV manages private funds for which EQV or an affiliate acts as a general partner (or in a similar capacity), including co-investment vehicles, special purpose vehicles, alternative investment vehicles and feeder vehicles. EQV additionally provides advisory services for separately managed accounts for high net worth individuals, family offices, trusts and estates, public and private corporations, partnerships and other business entities (“Separately Managed Accounts”). We urge you to review this Brochure carefully and consider our qualifications, business practices and the nature of our advisory services before becoming our client or an investor in one of our Managed Funds. As of December 31, 2023, EQV had $141,495,854 of assets under management on a discretionary basis and no assets under management on a non-discretionary basis. Clients may contact our firm for more current information. ADVISORY PROGRAMS In connection with our investment management services to persons who are not Managed Funds, EQV provides or intends to provide advice with respect to the following types of assets: Exchange

Trade Funds (ETFs), equities (common stocks and equivalents), mutual funds, U.S. treasuries, bonds, municipal securities, fixed income instruments, and alternative investments. EQV may also utilize, where appropriate, options contracts. In connection with our clients who are Managed Funds, we provide advice with respect to a broad array of asset classes, with a primary focus including but not limited to:
• a selection of hedge funds and managed accounts that are managed by third-party investment managers
• real estate and related investments;
• macro strategies; and
• systematic and quantitative strategies EQV’s advisory services are tailored to the needs of our clients based on their individual investment objectives, risk tolerance, cash or income needs, and any investment restrictions. Although EQV generally seeks to accommodate any reasonable investment restrictions or guidelines set by our clients, we may decline to accommodate certain investment restrictions that are incompatible with our firm’s investment philosophy or that may have an adverse effect on our ability to manage a client’s account. As part of these investment management services, we have an ongoing responsibility to select and make recommendations to our clients as to specific securities or other investments that may be purchased or sold for a client’s portfolio. The investment objective and restrictions applicable to each Managed Fund are detailed in the relevant Managed Fund’s governing documents. Wrap Fee Programs. EQV does not participate in any wrap fee programs. Important Note: It is the Separately Managed Account client’s responsibility to ensure that EQV is promptly notified if there are ever any significant changes to their financial situation, goals, objectives or needs so we can review our previous recommendations and make any necessary adjustments.