Overview Connor Capital (“Investment Manager”) is a private equity investment management firm, which was founded by John T. Connor (“Principal”) in 2015. Mr. Connor is Connor Capital’s principal owner. Connor Capital’s investment strategy is to invest in equity, debt, equity related and debt- related investments in privately held companies as well as in publicly traded companies in the transportation and transportation-related industries to generate capital appreciation. Connor Capital provides investment management services on a discretionary basis to private equity investment funds (each a “Fund” and, together with any future Funds, the “Funds” or the “Connor Capital Funds”), including the following: Connor Capital Transportation Opportunities I, L.P., in which Connor Capital Transportation Opportunities INT I, LP. is the feeder fund. (“Feeder Fund”). An affiliate of Connor Capital, Connor Capital Transportation Opportunities I GP, LLC (“General Partner”), serves as the general partner to the Fund and Feeder Fund. In addition, the General Partner is the same for the single purpose private investment funds (together with any future vehicles created by Connor Capital, the “Investment Vehicles”), which are established for the purpose of making an investment in a portfolio company. Connor Capital is the investment manager for the Investment Vehicles, which are deemed to be its investment advisory clients and which include the following: CC USRL LP, CCDW RAIL LP, CCSB RPCO LP, CCSB WPER LP, CCSB1 LOADSMART LP, CCSB1 WATCO LP, and CCSBV1 MEXICO LP. Connor Capital, together with the General Partner are together referred to in this Brochure as “Connor Capital Affiliates”. Companies in which the Funds or the Investment Vehicles invest are referred to as “Portfolio Companies”. Connor Capital filed a single Form ADV. As of December 31, 2023, Connor Capital had approximately $180 million in regulatory assets under management, which amount includes uncalled capital commitments as of that date. Connor

Capital does not currently manage any assets in a non-discretionary manner. Nature of Clients and Investors The Funds are Connor Capital’s clients. Connor Capital does not have a separate client relationship with investors in the Funds, which are referred to throughout this Brochure as “Investors.” The Funds are typically U.S. limited partnerships, and other investment vehicles that are not registered or required to be registered under the U.S. Investment Company Act of 1940 (the “Investment Company Act”) or the U.S. Securities Act of 1933 (the “Securities Act”) and are privately placed to qualified investors in the United States and outside the United States. See also Item 7 below. Investment Mandates The Funds are managed in accordance with the investment objectives, strategies, restriction, and guidelines as set forth in the relevant Fund’s organizational, offering, and other related documents (collectively “Governing Documents”) and if applicable, in the investment management agreement. In all cases, investments are selected on the basis of the Funds’ investment objectives as stated in the Governing Documents. The Funds are not tailored to the individualized needs of any particular Investor, though certain Funds may take into consideration the general characteristics (e.g., tax status) of its target Investors when structuring its operations. An investment in a Fund does not, in and of itself, create an advisory relationship between the Investor and Connor Capital, typically does not enter into separate advisory arrangements with any Investor. Therefore, each Investor must consider for itself whether any Fund meets the Investor’s investment objectives and risk tolerance before investing in a Fund. Information about each Fund is set forth in its Governing Documents, which will be available to current and eligible prospective Investors only through Connor Capital. The Firm generally does not alter the investment mandates or other economic terms with Investor pursuant to side letters, although it is permitted to do so.