In a transaction effective as of December 1, 2023 (the “Transaction”), Anthelion Capital Holdings LP, a Delaware limited partnership (“Anthelion Holdings”), acquired 100% of the interests in Cowen Sustainable Advisors LLC (prior to December 1, 2023, “CSA”), a Delaware limited liability company formed on October 25, 2018. Immediately following the closing of the Transaction, Anthelion Capital LLC, a Delaware limited liability company that was also wholly owned and controlled by Anthelion Holdings and the prior registrant under this Form ADV, was merged with and into CSA, with CSA surviving such merger and assuming Anthelion Capital LLC’s registration with the Securities and Exchange Commission hereunder. In connection with such merger and effective December 1, 2023, CSA was renamed Anthelion Capital Partners LLC (from and after December 1, 2023, the “Registrant” or “Anthelion”). Anthelion is wholly owned and controlled by Anthelion Holdings, which in turn is jointly owned and controlled by Ewa Kozicz and Vusal Najafov (the “Principals”). The Principals were previously employed by an affiliate of CSA and served as the co-heads of the business previously known as “Cowen Sustainable Investments” and were primarily responsible for the portfolio management function of CSA, including the management of all of the PE Funds that were previously advised by CSA and which were transitioned along with CSA to Anthelion in connection with the Transaction. The Registrant provides discretionary investment management services. Anthelion Fund I GP LLC, a Delaware limited liability company that is under common control with the Registrant, serves as the general partner to privately offered limited partnerships, including co-investment vehicles, and other pooled investment vehicles for which Anthelion serves as investment manager (each, a “PE Fund” and together, the “PE Funds”). Certain investment-related determinations, decisions, consents or other duties or actions that may be described in the relevant PE Fund's limited partnership agreement as being the determinations, decisions, consents, duties or actions of its general partner may be performed by Anthelion. The Registrant and its affiliated general partners are collectively referred to herein as the “Adviser” and unless otherwise noted as only applicable to the Registrant, its affiliated general partners or a specific advisory client, this brochure generally

includes information about the Adviser and its relationships with all of its advisory clients and affiliates. This brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. The Adviser provides discretionary investment management services to a variety of advisory clients and will not be limited to only advising the types of advisory clients currently described herein. Advisory clients include the PE Funds and may in the future include separately managed accounts (each an “SMA” and together, “SMAs”) or hedge funds. Anthelion provides discretionary investment management services to its advisory clients. The term “Client” or “Clients” collectively refers to the PE Funds and, if applicable, the SMAs and hedge funds for which the Adviser provides discretionary investment management services. The Adviser is responsible for managing the capital of its Clients in accordance with their respective investment objectives. The Adviser’s management of its Clients and their respective investments is qualified in its entirety by reference to each Clients’ agreements with the Adviser as well as its formal offering documents (e.g., the Client’s prospectus, private placement or similar offering memorandum, memorandum and articles of association, limited partnership agreement, or investment management agreement, as the case may be, as well as side letters and subscription documents). These documents are collectively referred to herein as the Clients’ “Offering Documents”. The descriptions set forth in this brochure of specific advisory services that the Adviser offers to its Clients, and investment strategies pursued, and investments made by the Adviser on behalf of its Clients, should not be understood to limit in any way the Adviser's investment activities. The Adviser may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this brochure, that the Adviser considers appropriate, subject to each Client's investment objectives and guidelines. The investment strategies the Adviser pursues are speculative and entail substantial risks. Clients (or their respective investors therein) should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any Client will be achieved. The Adviser does not participate in wrap fee programs.