For purposes of this brochure, unless otherwise noted or made clear by the context, “L Catterton” means each of Catterton Management Company, L.L.C. (“CMC”) and Catterton Latin America Management Co. (“CLAM”). As used in this brochure, “we,” “us” and “our” refer to L Catterton and its investment advisory business. L Catterton is a Greenwich, Connecticut-based investment advisory firm founded in 1989. L Catterton provides investment advice to a series of private investment funds regarding the selection, monitoring and realization of investments in early to middle-market consumer growth companies. CMC provides investment advisory services to: ⋅ a series of affiliated buyout funds that focus on portfolio investments exceeding $250 million of expected invested equity (“Buyout Funds”); ⋅ a series of affiliated growth-oriented funds that focus on portfolio investments below $250 million of expected invested equity (“Growth Funds”); and ⋅ an impact fund that focuses on portfolio investments in impact-driven consumer businesses believed to offer the potential for positive social and/or environmental impact (“Impact Fund”). CLAM provides investment advisory services to: ⋅ a series of affiliated funds that focus on portfolio investments in companies in the South American, Central American and Mexican consumer sector (“LatAm Funds”). CMC and CLAM are registered as investment advisers under the Investment Advisers Act of 1940, as amended (“Advisers Act”), and satisfy the requirements of filing an umbrella registration as set forth in Form ADV’s General Instructions. For purposes of this brochure, and unless otherwise noted, CMC is the filing adviser and CLAM is the relying adviser. The Buyout Funds, Growth Funds, Impact Fund, LatAm Funds, and any other funds managed, sponsored or advised by CMC or CLAM, including any fund-of-funds established to facilitate certain investors’ indirect investments in one or more other funds sponsored by L Catterton (“Vintage Fund” or “Fund-of- Funds”), together with any parallel funds and alternative investment vehicles related thereto, are collectively referred to herein as the “L Catterton Funds,” the “Funds” or “our clients” and each individually as a “Fund.” Where required by applicable regulation, the term “our clients” also includes special purpose vehicles that we may form for tax, regulatory or other purposes in connection with specific portfolio investments (“Special Purpose Vehicles”). CMC is principally owned by L Catterton Management Limited (“LCML”), a limited company formed under the laws of England and Wales. CLAM is a wholly-owned subsidiary of CMC. References herein to L Catterton or LCML may, where the context so requires, be inclusive of activities performed solely outside the United States by other direct or indirect subsidiaries of LCML. Additional disclosure about the global activities of LCML are included in Sections 5, 10 and 11 of this brochure. CMC and CLAM provide advisory services solely to the L Catterton Funds. The relationship between us and each Fund is governed by the limited partnership agreement (or equivalent organizational document) of such Fund (“Organizational Documents”), separate investment management agreements between L Catterton and each Fund (each a “Management Agreement”), and/or side letters with investors (“Side Letters”). Our advisory services are not tailored to individual investors in a Fund, but are provided in accordance with the investment strategy of each L Catterton Fund, which is to participate in investments in early to middle-market consumer growth companies or similar investment vehicles, including, without limitation, acquisitions, management buyouts, recapitalizations and other investment activities within the investment objectives set forth in the Organizational Documents for each Fund. Any investment restrictions on our advisory services are imposed in the Organizational Documents or Management Agreements for a Fund or in Side Letters. Side Letters refer to agreements that we or our affiliates have entered into with specific Fund investors which have the effect of establishing rights under, or altering or supplementing, the terms of Organizational Documents, in respect of the investor to whom such Side Letter is addressed. The terms of Side Letters vary and include, but are not limited to, the following: ⋅ impose restrictions on participation in certain investments or types of investments made by the Fund in accordance with the excuse provisions of the applicable Organizational Document; ⋅ provide access to information or impose additional notification or reporting requirements on the general partner of the Fund; ⋅ provide consent to certain transfers or withdrawals by an investor; ⋅ provide different fee structures or other economic arrangements; ⋅ provide the right to serve on a Fund’s limited partner advisory committee or advisory board (herein referred to as “Advisory Committee”); ⋅ provide confidentiality protections and disclosure rights; ⋅ limit indemnification obligations of an investor; ⋅ acknowledge an investor’s desire to be offered co-investment and/or secondary opportunities, priority co-investment rights or targeted co-investment amounts; ⋅ provide rights or terms necessary in light of particular legal, public policy or regulatory characteristics of an investor, including agreements to various sovereign immunity, jurisdiction and venue provisions applicable to certain governmental, sovereign, or other types of investors; ⋅ waive any requirements of investors to execute acknowledgements or other documents in connection with any

subscription line or other credit facility; and/or ⋅ otherwise provide benefits to certain investors, including those investors who may provide sourcing or services including strategic benefit to L Catterton, not provided to or electable by investors in such Fund generally. We expect to enter into additional Side Letters with investors in any future funds that may include similar or different terms. We will not enter into a particular Side Letter if we determine that the provisions contained in such Side Letter would be disruptive to the applicable Fund or its investment strategy. L Catterton is likely to have its own economic and/or other business incentives to provide certain terms to certain limited partners (e.g., based on commitment amount to a Fund or the timing thereof, the ability of a limited partner to provide sourcing or other services including strategic benefit to L Catterton, its affiliates and personnel or the Funds, or the potential to establish, recognize, strengthen or cultivate relationships that have the potential to provide longer-term benefits to L Catterton, its affiliates and personnel, or the Funds). Further, Side Letters may also relate to strategic relationships under which, for example, an investor agrees to make commitments to multiple Funds. Disclosure of applicable Side Letter practices is made to investors in accordance with the Organizational Documents of the applicable Fund, the relevant Side Letters and applicable law or regulation. L Catterton has entered in the past and reserves the right to enter into arrangements with investors or potential investors that result in economic or other concessions that are more advantageous than those applicable to investors in the Fund generally. In addition to economic concessions, these arrangements may provide other terms different from and potentially more advantageous than terms offered to investors generally, including with respect to participation in co-investment opportunities, and as a general matter, the other investors have no recourse against a Fund, L Catterton, the relevant general partner or any of their affiliates in the event that certain investors have received additional and/or different rights and/or terms as a result of such Side Letters. Side Letters subject L Catterton to potential conflicts of interest, including in circumstances where an investor’s right to serve on the relevant Fund’s Advisory Committee results in the investor receiving additional information relative to other investors. Although L Catterton believes it to be unlikely, excuse rights requested or received by one or more limited partners (or such regulatory, tax or other factors applicable to such limited partners) representing a substantial percentage of a Fund have the potential to create significant variations in limited partner investment returns, or to influence or affect the investment strategy and pursuit of investment opportunities by the relevant general partner on behalf of the relevant Fund as a whole. Additionally, as permitted by the applicable Organizational Documents, L Catterton expects to provide (or agree to provide) investment or co-investment opportunities (including the opportunity to participate in co- invest vehicles) to certain current or prospective investors or other persons. L Catterton has sole discretion in offering such investment opportunities (through a co-invest vehicle or otherwise), and such investment opportunities typically will be offered to some and not to other Fund, third party or other investors. Such co-investments typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms as the Fund making the investment. However, for strategic and other reasons, a co-investor (or co-invest vehicle) or another Fund may purchase a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post-closing sell-down or transfer), which generally will have been funded through Fund investor capital contributions and/or use of a Fund credit facility. Any such purchase from a Fund by a co- investor (or co-invest vehicle) or another Fund generally occurs within a period of time after the Fund’s completion of the investment to avoid any changes in valuation of the investment, but in certain instances could be well after the Fund’s initial purchase. Where appropriate, and in the L Catterton’s sole discretion, L Catterton reserves the right to charge interest on the purchase to the applicable co-investor, co-invest vehicle or “main” Fund (e.g., in connection with a transfer from a Growth Fund to a LatAm Fund), or otherwise equitably to adjust the purchase price under certain conditions, and to seek reimbursement to the relevant Fund for related costs. However, to the extent such amounts are not so charged or reimbursed, they generally will be borne by the relevant Fund to the extent determined to be fair and equitable by L Catterton in its sole discretion. For additional information regarding allocation of investment opportunities, please refer to Item 11(c). For additional information regarding co-investment opportunities and co-invest vehicles, please refer to Item 5 and Item 11(c). The information provided above about the investment advisory services provided by L Catterton is qualified in its entirety by reference to the Organizational Documents and the Funds’ subscription agreements. As of December 31, 2023, we managed approximately $25,631,066,001 in regulatory assets under management, all of which is managed on a discretionary basis.