Acadia Infrastructure Capital LP (“Acadia” or the “Adviser”) is a limited partnership formed under the laws of Delaware. The Adviser intends to provide direct and indirect investment advisory services to private fund clients (each a “Fund” or the “Acadia Funds”) and one or more separately managed accounts (collectively with the Acadia Funds, the “Clients”). Acadia began business in February 2023. Its principal owner is Acadia Evergreen Holdings LLC. Through his ownership stake in Cascade Acadia Holdings LLC (“CAH”) and CAH’s managing member status of Acadia Evergreen Holdings LLC, CAH’s ownership stake in and managing member status of Acadia Preferred B Holdings, LLC, CAH’s managing member status of Acadia Preferred A Holdings, LLC, and his managing member status of and ownership stake in Acadia Infrastructure Capital LLC, the firm’s General Partner, Acadia is under the control and direction of Mr. Timothy O. Short. Mr. Short, together with Michael Hamilton and Janet Turner, are employees of Acadia and responsible for all day-to-day operations and management decisions of Acadia. Certain Acadia employees are also entitled to a portion of the Adviser’s profits through their ownership stakes in Acadia Preferred B Holdings, LLC and Acadia Evergreen Holdings LLC. Other entities and individuals collectively own a minority portion of Acadia through their membership interests in Acadia Preferred A Holdings, LLC and Connemara Holdings, LLC. These external entities and individuals are also entitled to a portion of Acadia’s profits. The Adviser intends to provide investment advisory services (on a discretionary and non- discretionary basis) exclusively for Clients and to primarily specialize in privately negotiated, preferred equity, minority interest, control and control-oriented large-scale core-plus / value-add equity and debt investments in infrastructure categories (for both operating companies and assets) in North America using a broad variety of investment types and transaction structures. We anticipate these investments will likely span various scales, structures, and technology types including but not limited to solar, wind, hydro-electric, battery storage, hydrogen, gas fired generation, and distributed energy; however, we may also provide general investment advice with respect to other investments. Separately from its investments and securities business, Acadia provides tax credit placement services including but not limited to tax credits associated with the Inflation Reduction Act of 2022. The services provided by the Adviser are expected to include identification and evaluation of prospective investments for Clients, negotiation and consummation of the acquisition and financing of debt and equity securities, monitoring, directing management teams of portfolio investments, providing strategic input to investments and

performing administrative services for Clients under an investment advisory agreement with each Client. The Adviser anticipates working alongside business executives and third-party consultants (the “Operating Partners”) who have been retained specifically for their deep operating expertise in infrastructure sectors relevant to the Adviser’s investment thesis and network of contacts in an effort to generate off-market deal flow and conduct due diligence. As of April 3, 2024, Acadia did not manage Client assets but anticipates managing assets in excess of $100,000,000 within the next 120 days of submission of this Brochure, in reliance on SEC Rule 203A-2(c). 5 | P a g e Types of Advisory Services The Adviser anticipates providing investment advisory services to our Clients pursuant to the terms of an investment advisory agreement that tailors the advisory services provided to each Client in a manner consistent with the investment objectives, limitations, and manner of operation that will be provided for in the investment management agreement, private offering documentation and/or limited partnership agreement (collectively, the “Governing Documents”), as applicable, for the prospective Clients. These limitations are expected to include but are not limited to:  Diversification requirements: limitations will likely often be placed on the aggregate percentage of capital commitments that may be invested in any one investment;  Geographic limitations: limitations will likely often be placed on the aggregate percentage of capital commitments that may be invested in certain geographic locations;  Open market transactions: Acadia does not anticipate participating in public market transactions, but to the extent that it does limitations will likely often be placed on the aggregate percentage of capital commitments that may be used to purchase open market securities; and  Transactions with portfolio companies of other Clients: limitations will likely often be placed on the ability to acquire the debt of a portfolio company of another Client. We expect our investment advisory agreements will generally permit Clients to impose restrictions on investing in certain securities and/or types of services, although the Acadia Funds will generally be subject to the terms set forth in the applicable Governing Documents provided to prospects. Acadia may negotiate the terms of a Fund’s applicable Governing Documents with prospects in advance, depending on the circumstances. The Adviser does not participate in wrap fee programs in providing portfolio management services. Acadia has established an Investment Committee that is generally responsible for making all major investment decisions. Acadia may in the future establish one or more other committees and/or sub-committees with respect to investment activities.