This Item 4 requires an investment adviser to describe its advisory business, including the types of services offered, whether the investment adviser specializes in a particular type of advisory service and the amount of assets managed by the investment adviser. WLR, a Delaware corporation formed in 2000, was acquired in 2006 by Invesco Ltd. (“Invesco”), a publicly held global investment management company with offices throughout the world that trades on the New York Stock Exchange (NYSE: IVZ). WLR is directly owned by Invesco Private Capital, Inc. (“IPC”), a subsidiary of Invesco, and has been registered with the SEC since 2007. WLR is headquartered in Dallas. WLR offers investment advisory services primarily to institutional investors through private investment funds (each, a “Fund,” and collectively, the “Funds”) as well as intermediate investment vehicles (each, an “Intermediate Vehicle,” and collectively, “Intermediate Vehicles”) and co-investment vehicles (the Funds and other vehicles are collectively referred to herein as “Client” or “Clients”). WLR’s primary investment strategy is Private Equity (referred to herein as “Invesco Private Equity” or “IPE”) which is described in Item 8 in this brochure. Effective March 31, 2021, WLR entered into a sub-advisory agreement (the “Agreement”) with BPGC Management, LP (“BPGC”) (formerly known as Broadpeak Global, LP), an SEC registered investment adviser. WLR has engaged BPGC to provide non-discretionary advisory and other services with respect to certain of its Client accounts. In connection with providing these services, BPGC will monitor and continue to provide day-to-day oversight of such Client accounts and participate on the investment committees formed by WLR and other governance bodies controlling portfolio investments as approved by WLR. In addition, BPGC will assist WLR in monitoring and servicing legacy assets by performing due diligence on any prospective transactions and executing exit and disposition strategies in coordination with WLR. WLR

Funds. WLR provides investment advisory services to Funds structured as pooled investment vehicles excepted from SEC registration under the Investment Company Act of 1940, as amended (the “Investment Company Act” or “1940 Act”). These Funds’ securities are also exempt from registration with the SEC under the Securities Act of 1933, as amended (the “Securities Act”). Investment advisory services are provided directly to the Funds, subject to the direction and control of the affiliated general partner of each Fund. Investment guidelines and restrictions, if any, for each Fund managed by WLR are based upon the investment objectives and limitations of each Fund as stated in the Fund’s offering materials, disclosure documents, management agreements and/or other governing documents (each, a “Governing Document,” and collectively, the “Governing Documents”). WLR does not tailor its investment management to the individual needs of any Fund investor. Intermediate Investment Vehicles. In addition to providing investment advisory services to the Funds, WLR has facilitated access to one or more Funds through an Intermediate Vehicle managed by WLR or an affiliate. Intermediate Vehicle arrangements, including fees and expenses charged to the Intermediate Vehicles, are subject to the terms of such arrangement. Co-Investment Opportunities. WLR has provided co-investment opportunities to existing Clients, or other strategic investors, subject to certain terms and conditions. WLR also provides investment advisory services to employees’ securities companies, which are employer-sponsored investment companies, the beneficial owners of which include certain current and former employees. Employees’ securities companies are offered as parallel vehicles to certain Funds. Certain Clients have entered into advisory arrangements with WLR whereby investment discretion is not exercised by WLR. As of December 31, 2023, WLR manages $1,153,531,623 of Client assets on a discretionary basis and $100,761,458 on a non-discretionary basis.