Westech Investment Advisors LLC (also referred to in this Brochure as “Westech”, “WTI” or the “Firm”), is a California limited liability company founded in 1980 that is registered as an investment adviser under the Investment Advisers Act of 1940, as amended (“Advisers Act”). WTI serves as an investment manager for (i) a number of serial institutional venture debt funds that have elected to be treated as business development companies (“BDCs”) under the Investment Company Act of 1940, as amended (“1940 Act”), (ii) corresponding LLCs (as described below) and (iii) a limited partnership that invests primarily in venture equity (“Equity Fund”). Each BDC is wholly-owned by a limited liability company (“LLC”) through which investors subscribe. Each BDC and its corresponding LLC is referred to as a “Debt Fund,” and the Debt Funds and the Equity Fund are referred to collectively as the “Funds”. Each LLC and the Equity Fund would be an investment company but for Section 3(c)(1) or 3(c)(7) of the 1940 Act. The “Debt Funds” are: Venture Lending & Leasing IV, LLC (“LLC IV”); Venture Lending & Leasing V, LLC (“LLC V”); Venture Lending & Leasing VI, LLC (“LLC VI”); Venture Lending & Leasing VII, LLC (“LLC VII”); Venture Lending & Leasing VIII, LLC (“LLC VIII”); Venture Lending & Leasing IX, Inc. (“Fund IX”), which is wholly-owned by Venture Lending & Leasing IX, LLC (“LLC IX”); WTI Fund X, Inc. (“Fund X”), which is wholly-owned by WTI Fund X, LLC (“LLC X”) Each Debt Fund’s investment objective is to achieve a superior risk-adjusted investment return. Each Debt Fund’s primary investment strategy is to provide debt financing, in the form of secured loans to venture backed companies and secondarily, to provide debt financing to public and later- stage private companies. These “venture loans” generally consist of a promissory note secured by all of the borrower’s assets. The interest rate and amortization terms of venture loans are individually negotiated between the

Debt Funds and each borrower. These loans are held by the BDC in the structure. In addition, the Debt Funds could invest in direct equity investment opportunities such as convertible debt, secondary common stock purchases or other equity instruments issued by companies with diverse capitalization and creditworthiness. In addition to the LLCs and the BDCs, Westech serves as the investment adviser to an Equity Fund, which invests primarily in venture equity, WTI Equity Opportunity Fund I, L.P. (“EOF I”). The investment objective of EOF I is to give existing investors in the Debt Funds the opportunity for more concentrated equity exposure through Westech’s relationships with underlying portfolio companies. The Firm provides investment management services to each of the Funds in accordance with the private placement memorandum, management agreement and limited partnership agreement (or analogous organizational document) of such Fund and/or side letters with investors (collectively, the “Governing Documents”). Investment advice is provided directly to the Funds, and not individually tailored to the investors in the Funds. Investment restrictions for the Funds are generally established in the Governing Documents of the applicable Fund. As of October 13, 2022, the Firm became a wholly-owned subsidiary of P10 Intermediate Holdings LLC, a Delaware limited liability company, which is indirectly owned by P10, Inc. (NYSE: PX), a publicly held company (“P10”). A representative of P10 sit on the Firm’s board of managers. Through the P10 ownership structure, the Firm is affiliated with a number of investment advisers, each independently operated and separately registered as an investment adviser with the SEC. Additional information regarding these relationships is set forth in Item 10 below. The Firm manages $1,878,391,379 in client assets on a discretionary basis and no assets on a non- discretionary basis (calculated as of December 31, 2023).