The former registrant, Adveq Management AG (founded in 2000) was a global private equity investment management firm which, together with its parent holding company and its relying advisers, was acquired in July 2017 by Schroder Private Assets Holdings Ltd, a subsidiary of Schroders plc, a listed company on the London Stock Exchange. In recognition of the transaction, the former registrant has changed its name to Schroder Adveq Management AG, and as part of a recent rebranding, the name has changed to Schroders Capital Management (Switzerland) AG who is now a relying adviser to the registrant ‘Schroders Capital Management (US), Inc.’, together with the other relying advisers: Schroders Capital Investment Management (Beijing) Co., Ltd. (founded in 2008), Schroders Capital Management (Jersey) Ltd (founded in 2010), Schroders Capital Management (Luxembourg) SàRL (founded in 2016) and Schroders Capital Management (Curacao) N.V. (founded in 1999), collectively ‘Schroders Capital Private Equity’ or ‘Registrant’. Schroders Capital Private Equity operates globally with offices in Zurich, Jersey, New York, Beijing, Shanghai and Frankfurt and has associated persons operating from Hong Kong, Seoul and London (together the ‘Schroders Capital Private Equity Group’). The Schroders Capital Private Equity Group currently employs more than 150 professionals. The Schroders Capital Private Equity entities are wholly owned by Schroders Capital Holding (Switzerland) AG, which in turn is ultimately owned by Schroders plc. Schroders Capital Private Equity1 operates within the Schroders group. Sales efforts have been combined between the Schroders Capital Private Equity and the Schroders group to market and sell Schroders Capital Private Equity’s products. Schroders Capital Private Equity’s Investment Management team operates independently from other investment teams within the Schroders group. Schroders Capital Private Equity is governed by a Board of Directors, with Stephen J. Mills serving as President and Chairman. Mr. Bruno E. Raschle is the Vice President, and Georg Wunderlin is a Member of the Board. For the most recent funds established in Luxemburg, Schroder Investment Management (Europe) S.A. has been appointed to act as alternative investment fund manager (‘AIFM’) and as such, to provide certain services including investment management services (i.e. risk and portfolio management). The AIFM has in return appointed Schroders Capital Management (Switzerland) AG to provide portfolio management and certain administrative services to these funds. Since the founding of the first entity of the Schroder Capital Private Equity Group, Schroders Capital Private Equity’s investment management and advisory services have been focused mainly on investments in private equity funds but we may also advise on direct investments in portfolio companies. In general, we offer our services through three business lines: (i.) Private equity investment services to funds or fund-of-funds: Schroders Capital Private Equity provides investment management services to privately offered funds (each, a ‘Schroders Capital Private Equity Fund’, collectively the ‘Schroders Capital Private Equity Funds’) organized and sponsored by Schroders Capital Private Equity. Each Schroders Capital Private Equity Fund is controlled by its General Partner (‘GP’) which is ultimately controlled by Schroders plc. Schroders Capital Private Equity or the AIFM, provides discretionary investment management services to each GP pursuant to the terms of an investment management agreement it has entered into with the GP of each Schroders Capital Private Equity Fund. The terms and conditions of each Schroders Capital Private Equity Fund, as well as the requirements to invest in a Schroders Capital Private Equity Fund, are set out in the respective fund documents. 1Note: ‘Schroders Capital Private Equity’ is not a legal entity but refers to the Private Equity business of Schroders Capital. Investors should refer to the fund documents for a more detailed discussion of each Schroders Capital Private Equity Fund. Schroders Capital Private Equity offers a range of funds which cover major private equity segments on a global basis. To date, Schroders Capital Private Equity has organized 47 private funds and invested directly in more than 1300 underlying funds and portfolio companies. Among the 472 Schroders Capital Private Equity Funds, 40 are offered (or have been offered) through one of eight core investment strategies: Schroders Capital Private Equity Venture Capital and Technology strategy: An investment program in its eleventh fund generation currently consisting of five funds focusing on fund managers investing in technology companies (predominantly venture capital) to finance innovation and growth globally with a primary focus in the US. Schroders Capital Private Equity European Buyout strategy: An investment program in its eighth fund generation currently consisting of six funds focusing on fund managers investing in Europe, predominantly in buyouts.

Schroders Capital Private Equity Co-Investment strategy: An investment program in its third fund generation currently consisting of four funds focusing on fund managers investing either in Europe or globally, predominantly in buyouts through co-investments. Schroders Capital Private Equity US Buyout strategy: An investment program in its sixth fund generation currently consisting of four funds focusing on fund managers investing in North America predominantly in buyouts. Schroders Capital Private Equity Asian Growth strategy: An investment program in its sixth fund generation currently consisting of five funds focusing on fund managers investing in financing innovation and growth in the Asia-Pacific region. Schroders Capital Private Equity China RMB strategy: A recently established investment program focusing on investing in RMB investments in China with fund managers in growth and venture strategies. Schroders Capital Private Equity Secondaries strategy: An investment program in its fourth fund generation consisting of five funds dedicated to investing in private equity funds and companies on a secondary basis across a full range of investment segments and regions. Schroders Capital Private Equity Global strategy: An investment program in its third fund generation consisting of three funds and combining Schroders Capital’s Global private equity experience in buyout, venture and growth investments through primaries, secondaries and co- investments. In addition to the above, Schroders Capital Private Equity also manages a fund investing in a diversified mix of private credit funds across a range credit asset classes, including infrastructure, direct corporate lending and real estate debt, and a fund specialist fund investing in global healthcare funds and co-investments. In addition to the above, Schroders Capital Private Equity manages three semi-liquid open-ended funds with one focusing on global megatrends, one on venture and growth capital investments globally and the other one is impact-driven focusing on the transition to the circular economy; and partially 2This excludes liquidated funds and funds in the final stage of liquidation. manages two closed ended funds that are listed on the London stock exchange that are jointly managed with the Schroders’ public equities team3. (ii.) Private equity investment services to selected clients: Schroders Capital Private Equity also provides global investment advisory and management services to select clients (each, a ‘Mandate’, collectively ‘Mandate Clients’). These services include aiding Mandate Clients in the set-up, implementation and management or advising of private equity investment programs on either discretionary or non-discretionary basis. Mandate Clients are typically structured as limited partnerships, with an affiliate of Schroders Capital Private Equity serving as the GP of such partnerships. Schroders Capital Private Equity may advise Mandate Clients on private equity investments in privately offered funds or on direct investments in portfolio companies in which Schroders Capital Private Equity Funds might also be invested. All services are agreed individually with each Mandate Client. Such agreements typically outline the Mandate’s investment purpose, objectives, strategy and limitations, and restrictions on investing in certain segments or types of private equity investments. (iii.) Private Equity overage transactions with selected clients: Where an investment opportunity is in excess of the capacity or requirements of Schroders Capital Private Equity’s existing funds and mandates, Schroders Capital Private Equity may also selectively provide the possibility to other investors to invest in such opportunities. These investments are typically structured as limited partnerships, with an affiliate of Schroders Capital Private Equity serving as the GP of such partnerships. These vehicles may either invest in a single investment opportunity or may hold multiple investments done over time. All services are agreed individually with each investor (the ‘Overage Mandates’). The services described above are tailored to each client's objectives and guidelines. Prior to giving investment recommendations or making investments, Schroders Capital Private Equity reviews and considers the respective Schroders Capital Private Equity Fund’s or Mandate Client’s individual investment objectives, strategy and restrictions. As of 31 December 2022 Schroders Capital Private Equity’s total assets under management was USD 19.79 billion. Of that total, Schroders Capital Private Equity manages USD 9.68 billion in fund/fund of funds structures and USD 10.11 billion in separately managed accounts. The assets under management figures above are comprised of all investors’ capital commitments, including contractually committed capital that has not yet been called and contributed.