Two Roads Partners Management, LP (“Two Roads”), together with its funds’ general partners and affiliates (hereinafter “Two Roads”, “we”, “us”, “our” or the “Firm”), is a private equity firm based in New York, New York, organized as a Delaware limited Partnership. Established in 2022, Two Roads’ focus is on making control equity investments and buyouts of commercial and industrial lower middle market businesses headquartered in the U.S, while pursuing a create-and-build investment strategy. The Firm believes there is significant opportunity to invest in healthy, closely-held or founder-owned businesses in misunderstood or fragmented markets. As the investment adviser, Two Roads manages special purpose vehicles dedicated to specific portfolio companies and offers discretionary investment advisory services to qualified investors through its private funds. Two Roads manages the following private investment funds:
• TRP NACI Co-Invest, LP, a Delaware limited partnership (“Co-Invest Fund”);
• Two Roads Partners Fund I, LP, a Delaware limited partnership (“Fund I”);
• Two Roads Partners Fund I-A, LP, a Delaware limited partnership (“Fund I-A”). These funds are collectively referred to as the "Funds" or the "Clients". Each fund operates under a general partner ("General Partner") affiliated with Two Roads. These General Partners are considered registered under the Investment Advisers Act of 1940, as amended ("Advisers Act"), through Two Roads' SEC registration. While the General Partners retain ultimate authority, Two Roads functions as the designated investment adviser. The investors in the Funds are collectively referred to as the “Limited Partners”, the “Investors”, or the “Partners”, where appropriate. Principal Owner Two Roads is wholly owned by Managing Partner, Feliks Zarotsky. For more details about the owner and executive officers, please refer to Form ADV Part 1, Schedule A, and Schedule R. Advisory Services Two Roads serves as a private equity fund manager to its Funds, focusing on investing primarily in blue-collar family-owned or closely-held lower middle market businesses, that serve commercial and industrial end-markets throughout the United States, where the Firm has identified a significant opportunity to acquire healthy businesses with recurring revenues and high margins, targeting fragmented industry niches with multiple roll-up opportunities. The Funds invest in portfolio companies

through privately negotiated transactions. Each portfolio company has its own independent management team, although Two Roads will appoint senior principals and other personnel/ third parties to the board of directors to exert influence. Two Roads also recruits key individuals, such as Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, or other upper management roles, to guide portfolio company management. Upon initial investment, a member of the Two Roads team assumes roles such as “president”, “secretary”, or “treasurer” of the portfolio company, a title which they will hold throughout the ownership period. Two Roads’ advisory services consist of identifying and assessing potential investments, negotiating transactions, active investment management, monitoring, and exit negotiations. Investments predominantly target non-public companies. Advisory services are aligned with each Fund’s investment objectives as defined in documents such as - the private placement memorandum, limited partnership agreement, investment advisory agreements, and side letter agreements (collectively, the “Governing Documents”). While the firm doesn’t customize its services for individual limited partners, the investment advice adheres to each Fund’s objectives. Limited partners generally can’t impose specific restrictions on investments unless stipulated in side letter agreements. Limited Partners in the Funds participate in the overall investment program for the applicable Fund and generally cannot be excused from a particular investment. In accordance with industry practice, Two Roads has negotiated side letters or similar agreements with certain limited partners who make substantial commitments of capital or were early-stage investors in the Funds, or for other reasons in the sole discretion of Two Roads, granting them rights and/or economic preferences under the Fund’s Governing Documents. These agreements are established at the time of the relevant limited partner’s commitment phase and once invested in the Fund, limited partners generally cannot impose additional investment guidelines or restrictions on such Fund. There can be no assurance that the side letter rights granted to one or more limited partners will not, in certain cases, disadvantage other limited partners. The Firm does not currently participate in any Wrap Fee Programs. As of December 31st, 2023, Two Roads reported regulatory assets under management of approximately $337,612,049.