A. Mercer Advisors Private Asset Management, Inc. (“Mercer Private Asset” of the “Firm”) B. is a corporation formed in the state of Delaware in January 2023. Mercer Private Asset became registered with the U.S. Securities and Exchange Commission (“SEC”) in September 2023. The Firm is solely owned by Mercer Advisors Private Holdings, Inc., which in turn is owned by Mercer Advisors Inc.
INVESTMENT ADVISORY SERVICES Mercer Private Asset provides discretionary investment advisory services on a fee basis limited to affiliated private investment vehicles. IMPLEMENTATION THROUGH AN AFFILIATED INVESTMENT ADVISER The Firm does not provide investment supervisory, investment management, investment reporting, or investment implementation services to participants of its affiliated private investment vehicles. Rather, in the event that individuals and/or institutions desire to implement investment advisory services, Mercer Private Asset will recommend Mercer Global Advisors Inc. (an affiliated SEC registered investment adviser firm, to provide investment advisory services (See Item 10.C below). Investment Manager of Affiliated Private Investment Funds Mercer Private Asset serves as the Investment Manager of, and provides discretionary investment management services to, affiliated private funds. The affiliated private funds are offered to qualified investors in accordance with the terms and conditions of the affiliated private funds offering documents. The affiliated private funds are available to investors through introductions from the investor’s investment adviser. As such, other than confirming that the prospective investor qualifies for the affiliated private fund per the responses set forth on the affiliated private fund subscription documents, the individual’s investment advisor maintains initial and ongoing responsibility to counsel its investor client as to the suitability of the private fund and any of its underlying investment strategies. Important Disclosures Use of Mutual and Exchange Traded Funds: Most mutual funds and exchange traded funds are available directly to the public. Therefore, a prospective client can obtain many of the funds that may be utilized by Mercer Private Asset while managing its affiliated private funds, independent of becoming a fund participant. In addition to the Firm’s investment advisory fee described below, and transaction and/or custodial fees discussed below, the affiliated funds will also incur, relative to all mutual fund and exchange traded fund purchases, charges imposed at the fund level (e.g., management fees and other fund expenses). Portfolio Activity: Mercer Private Asset has a fiduciary duty to provide

services consistent with the client’s best interest. As part of its investment advisory services, the Firm will review fund portfolios on an ongoing basis to determine if any changes are necessary based upon various factors, including, but not limited to, investment performance, fund manager tenure, style drift, account additions/withdrawals, and/or a change in the client’s investment objective. Based upon these factors, there may be extended periods of time when Mercer Private Asset determines that changes to a fund’s portfolio are neither necessary nor prudent. Cash Positions: Mercer Private Asset treats cash as an asset class. As such, unless determined to the contrary by the Firm, all cash positions (money markets, etc.) shall be included as part of assets under management for purposes of calculating the Firm’s advisory fee. In addition, while assets are maintained in cash, such amounts could miss market advances. Depending upon current yields, at any point in time, Mercer Private Asset’s advisory fee could exceed the interest paid by the client’s cash positions. Additional Disclosures Related to the Affiliated Private Funds As discussed above, Mercer Private Asset serves as the Investment Manager of, and provides discretionary investment management services to the affiliated private funds. The terms and conditions for participation in the affiliated private funds including fees, conflicts of interest, and risk factors, are set forth in each fund’s respective offering documents. Private investment funds generally involve various risk factors, including, but not limited to, potential for complete loss of principal, liquidity constraints and lack of transparency, a complete discussion of which is set forth in each fund’s offering documents, which will be provided to each investor for review and consideration. Unlike liquid investments that an investor may maintain, private investment funds do not provide daily liquidity or pricing. Each prospective investor will be required to complete a Subscription Agreement, pursuant to which the investor shall establish that they are qualified for investment in the fund, and acknowledge and accept the various risk factors that are associated with such an investment. C. Mercer Private Asset shall provide investment advisory services specific to the needs of each of the affiliated private funds and the Firm shall allocate investment assets consistent with the designated investment objective of each of the affiliated private funds.
D. Mercer Private Asset does not sponsor or provide investment management services through a wrap fee program.
E. As of March 30, 2024, the Firm had $0 in assets under management on a discretionary basis.