CVC Credit Partners, LLC, a Delaware limited liability company, which was originally formed on January 12, 2005, is a wholly owned subsidiary (through certain intermediate subsidiaries) of CVC Credit Partners Group Holding Foundation, a foundation incorporated under the laws of Jersey, Channel Islands (“CVC Credit Holding Foundation”). CVC Capital Partners plc wholly owns the sole beneficiary of CVC Credit Holding Foundation (i.e., CVC Management Holdings II Limited) and is a company incorporated in Jersey and listed on Euronext Amsterdam (the regulated market operated by Euronext Amsterdam N.V.) trading under the ticker symbol “CVC”. CVC Nominees Limited holds shares (legal title) in CVC Capital Partners plc both directly and indirectly (through CVC Capital Partners SICAV-FIS S.A. and Vision 2013 PCC). These changes are the result of an internal reorganisation of the CVC network above CVC Credit Holding Foundation in preparation for the initial public offering of shares in CVC Capital Partners plc, which occurred in April 2024. CVC Credit Partners, LLC’s global platform includes two relying advisers: CVC Credit Partners European Investment Fund Manager Limited, which is regulated by the Jersey Financial Services Commission, and CVC Credit Partners Investment Management Limited (“CVC Credit UK”), a separately-organized U.K. investment adviser regulated by the U.K. Financial Conduct Authority. CVC Credit Partners, LLC and its relying advisers are collectively referred to herein as (“CVC Credit Partners”). CVC Credit Partners is also under common ultimate control with the following other investment advisers (as described in more detail in Item 10 below):
• CVC Credit Partners U.S. CLO Management LLC, which is regulated by the Securities and Exchange Commission, and CVC Credit Partners European CLO Management, LLP, which is regulated by the U.K. Financial Conduct Authority (collectively referred to herein as “CVC Credit CLO Management”). CVC Credit CLO Management focuses on the management of collateralized loan obligation vehicles. Both advisers are held under a separate ownership structure and are wholly-owned subsidiaries of CVC Credit Partners Global CLO Management Limited, a closed ended private limited liability company incorporated in Jersey. All the investment advisers constituting CVC Credit Partners and CVC Credit CLO Management are collectively referred to herein as (“CVC Credit”).
• CVC Capital Partners, a leading private equity and investment advisory firm (“CVC Capital” or “CVC Capital Partners”). As used in this brochure, these terms do not include portfolio companies of the investment funds advised by CVC Capital. CVC Credit and CVC Capital are under common control of CVC Nominees Limited.
• Glendower Capital (U.S.), LLC and Glendower Capital LLP, a private equity firm focused on discretionary investments in the secondary market globally (collectively “Glendower”). CVC Credit and Glendower are under common control of CVC Nominees Limited. CVC Credit, CVC Capital,

and Glendower collectively are referred to herein as “CVC”. CVC Credit provides investment advisory and sub-advisory services to investment vehicles, including collateralized loan obligations and collateral debt obligations (collectively, “CLOs”), other co-investment funds and collective investment vehicles (“Managed Funds”), and separately managed accounts for institutional investors on a discretionary and non-discretionary basis (“Managed Accounts”), together CVC Credit’s (“Clients”). CVC Credit’s Clients pursue primarily (i) U.S. and European Performing Credit strategies (such as broadly syndicated bank loans, secured and leveraged loans, floating rate loans, second lien loans, corporate and high yield bonds, convertible bonds) (“Performing Credit”), and (ii) Private Credit strategies focusing on direct lending (privately negotiated loans to mid-market companies) and capital solutions/special situations (primary junior capital) (“Private Credit”). In the pursuit of these strategies, CVC Credit will also utilize currency forwards and other derivative instruments on behalf of its Clients. CVC Credit generally provides investment advisory services under the terms of specific offering documents and other analogous governing documents (i) a collateral management agreement and indenture in the case of CLOs; (ii) a limited partnership agreement or an investment management Form ADV 2A | Page 5 of 52 agreement in the case of Managed Funds; and (iii) an investment management agreement or similar written agreement(s) in the case of Managed Accounts (together, “Client Agreements”). CVC Credit negotiates these documents, which set forth the specific services that will be provided by CVC Credit, with Clients before the commencement of the relevant advisory relationship. CVC Credit may also negotiate side letters with individual Managed Fund investors to accommodate specific reporting, regulatory, and similar requirements. Each of the CLOs, Managed Funds and Managed Accounts for which CVC Credit provides investment advisory services may impose investment guidelines and limitations on the types of securities and other instruments in which each portfolio may invest. In particular, each CLO for which CVC Credit provides investment advisory services is governed by an indenture that places significant restrictions on the types of securities and other instruments that may be purchased on behalf of the CLO. The Manager does not participate in wrap fee programs. As of December 31, 2023, CVC Credit Partners had approximately $36.4 billion of assets under management. Of the total assets under management, approximately $34.5 billion is managed on a discretionary basis, with the remainder managed on a non-discretionary basis. Certain Managed Accounts, pursuant to the terms of their investment management agreements, require CVC Credit Partners to provide notice of any proposed investments. In such cases, the Managed Account Client has the right to reject any investment proposed by CVC Credit Partners.