Identify your principal owner(s). Firm Background Founded in 2002 and based in São Paulo Brazil, Constellation Investimentos e Participações Ltda. (“Constellation”), is a Brazilian Firm, duly organized under the laws of the Federative Republic of Brazil. Constellation is a registered investment adviser with no place of business in the United States. Constellation provides discretionary investment advisory services, managing and directing the investment and reinvestment of assets for private investment funds and managed accounts. It should be noted that Constellation may use the moniker “Constellation Asset Management” when conducting discretionary investment advisory services business in the United States. In 2022, Constellation registered in Canada, CSA – AMF - Québec – as Portfolio Manager, under “Du Règlement 31-103 (“le Règlement 31-103”) de l’Organisme canadien de réglementation du commerce des valeurs mobilières (OCRCVM)” and in July 2023 the Firm was also approved as Portfolio Manager by the OSC – Ontario. Ownership Constellation is directly owned by (i) Constellation Holding Ltda., a Brazilian company and (ii) LPI Brazil LLC, a Delaware limited liability company that is an affiliated entity to Lone Pine Capital LLC, a U.S.- based investment adviser that sponsors private investment funds. The LPI Brazil LLC ownership interest is a passive interest whereby neither LPI Brazil LLC nor Lone Pine Capital LLC is active in the management or affairs of Constellation. Additional information relating to Constellation’s ownership can be found on Schedules A and B of Constellation’s Form ADV Part 1. Const Brazil General Partner LLC (“Const Brazil GP”) is the General Partner to Const Brazil US Fund LP, which is the General Partner to Barthe Holdings LLC and Tyler International LLC. As General Partners, they are responsible for the general management of the business of their respective companies. Constellation A.M. Inc. is the sole member of Const Brazil GP and is managed by its sole director Florian Bartunek. Mr. Bartunek is also a director at Constellation and Constellation Holding Ltda. Since November 2023, the board of Directors of the Firm is composed by Florian Bartunek, Alex Rodrigues, Rodrigo Magdaleno, Eduardo Dumans and André Lima. specializing in a particular type of advisory service, such as financial planning, quantitative analysis, or market timing, explain the nature of that service in greater detail. If you provide investment advice only with respect to limited types of investments, explain the type of investment advice you offer, and disclose that your advice is limited to those types of investments. Constellation does not perform any type of financial planning, quantitative analysis, tax planning or market timing services. Constellation provides discretionary investment advisory services relating to a wide range of equities, fixed income securities, currencies and related derivatives, issued by, or representing a direct or indirect investment in, governments, companies or entities primarily located in Brazil in which investment views are generally mid- term. The primary basis for Constellation’s investment decisions is fundamental analysis although quantitative risk management controls are also employed. Types of discretionary investment advisory services offered: Constellation serves as investment manager for private investment funds domiciled in Brazil, the Cayman Islands and the United States of America, as sub-adviser for private investment funds domiciled in Luxembourg and as investment advisor for managed accounts and portfolios (altogether “Advisory Clients”). Investment Management Services for Funds (“Funds”) Constellation manages an investment structure that may receive direct or indirect investments from United States persons: Const Brazil US Fund LP. The primary investment structure managed by Constellation that directly or indirectly accepts U.S. investors is a standalone fund composed by different classes and/or sub-classes of interests that may or may not share the same portfolio of investments and, accordingly, even though generally Sub-Classes S of a class will correspond each to a separate Special Investment (as described below), the Original Sub-Classes of the same class will share the same portfolio of liquid assets. From time to time, a Fund may acquire certain investments in (i) private companies, (ii) listed companies the securities of which are subject to transfer restrictions under shareholders’ agreements or similar contracts, or (iii) listed companies in relation to which the Firm’s investment thesis involves building or maintaining a certain shareholding stake in order to obtain board seats or other governance rights in such companies, and that each such investment may, but is not required to, be designated as a “Special Investment”. Once so designated, a Special Investment shall be represented by a separate sub-class of interests (a “Sub-Class S”) by way of conversion of Interests of the relevant Class (the “Original Sub-Class”) into interests of the relevant Sub-Class S of the same class. Such conversion will take effect as a withdrawal of the relevant interests of the Original Sub-Class and using the withdrawal proceeds to subscribe for interests of the relevant Sub-Class S of that same class. Constellation also manages Funds that do not accept U.S. investors that follow substantially

similar investment objectives as the Fund. Details regarding Fund investment objectives, fees, liquidity rights and risks, amongst others, are fully disclosed in the Fund Offering Documents. Discretionary Investment Advisory Services for Managed Accounts and Portfolios. Constellation serves as investment advisor to U.S. and non-U.S. managed accounts and portfolios established by institutional investors and high net worth clients. Characteristics of the Offered Services In relation to its Advisory Clients, Constellation retains broad investment authority. Advisory Client assets may be invested according to a “Long Only” strategy involving a wide range of equities, fixed income, securities, currencies and related derivatives, issued by, or representing a direct or indirect investment in, governments bonds, companies or other entities. Constellation uses fundamental analysis and has adopted research processes focusing on predominately Brazilian companies. Constellation has discretionary authority with respect to its Advisory Clients. At any given time Advisory Client assets may be almost exclusively invested in securities issued in Brazil. Investments may also include a variety of debt obligations, such as, but not limited to, fixed or floating rate bonds, notes, debentures, commercial papers, loans, “Brady” bonds, convertible securities, debt swaps, and other debt securities issued or guaranteed by governments, governmental agencies or their instrumentalities, central banks, commercial banks or private issuers, including repurchase agreements with respect to such obligations. Resources may also be allocated in listed equities, depository receipts, shares of other investment funds or other instruments providing for exposure to securities, options on securities and securities indices (purchased and written), futures and forward contracts on currencies, government and private securities, securities indices, agricultural and non-agricultural commodities, and other derivative instruments. Constellation may invest in securities and equities issued by entities registered in countries other than Latin American countries that notwithstanding have relevant businesses in or important exposure to Latin America. Trading may be conducted either in the local markets or any other jurisdiction where the securities are traded on exchange or over-the-counter markets. In adverse market conditions, a significant share of Advisory Client assets may be allocated in fixed income securities or other debt instruments of Latin American entities; funds may also be kept overseas, pending investment or reinvestment. Adverse market conditions may also cause Constellation to maintain all its assets either in cash, cash equivalents or fixed income securities deposited or custodied, in Latin American countries or abroad, or in money market instruments, bonds and U.S. Treasury securities. individual needs of clients. Explain whether clients may impose restrictions on investing in certain securities or types of securities. In relation to the Funds, Constellation neither tailors its advisory services to the individual needs of Fund investors, nor accepts investor-imposed investment restrictions to its strategy or allocation. Notwithstanding, when deemed appropriate, Constellation may establish one or more separately managed accounts or fund of one investor for certain clients, and tailor its advisory services to their objectives and/or subject them to terms and fees that are different from those of the Funds. Such investment objectives, fee arrangements and terms will be negotiated on a case-by-case basis. Any such separately managed account relationships would generally be subject to significant account minimums. Constellation may also enter into side letter agreements with certain large and strategic Fund investors, which may provide for additional rights, including but not limited to, transferability rights, additional portfolio restrictions, reporting rights and/or other rights permitted in Constellation’s discretion. It should be noted that any such future relationships may be subject to minimum investment size and other possible special requirements. services, (1) describe the differences, if any, between how you manage wrap fee accounts and how you manage other accounts, and (2) explain that you receive a portion of the wrap fee for your services. Constellation does not currently participate in wrap fee programs. discretionary basis and the amount of client assets you manage on a non- discretionary basis. Disclose the date “as of” which you calculated the amounts. Note: Your method for computing the amount of “client assets you manage” can be different from the method for computing “assets under management” required for Item 5.F in Part 1A. However, if you choose to use a different method to compute “client assets you manage,” you must keep documentation describing the method you use. The amount you disclose may be rounded to the nearest $100,000. Your “as of” date must not be more than 90 days before the date you last updated your brochure in response to this Item 4.E As of December 31, 2022, Constellation had USD 1,483,400,612 of regulatory assets under management on a discretionary basis. Constellation does not currently manage any Advisory Client assets on a non-discretionary basis.