For purposes of this brochure, the “Adviser” means Audax Management Company (NY), LLC, a Delaware limited liability company, together (where applicable) with its affiliates that provide advisory services to and/or receive advisory fees from the Clients (as defined below). Such affiliates are under common control with Audax Management Company (NY), LLC and possess a substantial identity of personnel and/or equity owners with Audax Management Company (NY), LLC. Such affiliates are typically formed for tax, regulatory, or other purposes in connection with the organization of the Funds, the BDC, or the Separate Account Entities (each as defined below) or may serve as general partners or in a similar capacity in respect of the Funds, the BDC, or the Separate Account Entities. The Adviser provides investment supervisory services to (i) investment vehicles (each, a “Fund” and collectively, the “Funds”) that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”), and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”), (ii) a business development company regulated under the 1940 Act, whose securities are not registered under the Securities Act (the “BDC”), and (iii) other institutional clients in funds of one and separately managed accounts (collectively, in such capacity, the “Separate Account Clients”), certain of which are organized as separate legal entities (collectively, the “Separate Account Entities”). The Funds, the BDC, and the Separate Account Clients are collectively referred to herein as the “Clients.” The Clients make primarily long-term investments in (i) debt instruments and (ii) in more limited circumstances, equity securities. In accordance with the Clients’ respective investment objectives, guidelines, and restrictions, investments are generally made in a broad range of companies doing business globally. The Adviser’s advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments

on behalf of the Clients, managing and monitoring the performance of such investments, and disposing of such investments. The Adviser serves as the investment adviser to the Clients in order to provide such services. The Adviser provides investment supervisory services to each Fund in accordance with the organizational and operational documents of such Fund (such as a limited partnership agreement) or a separate investment and advisory, investment management, or portfolio management agreement (each, an “Advisory Agreement”). The Adviser provides investment supervisory services to the BDC and each Separate Account Client in accordance with an Advisory Agreement negotiated with each such Client. Investment advice is provided directly to the Funds and the BDC, subject to the discretion and control of the relevant general partner or the board of directors, respectively, and not individually to the investors in the Funds or shareholders of the BDC. The individual needs of the investors in the Funds or the BDC are not the basis of investment decisions by the Adviser. Other services are provided to the Funds and the BDC in accordance with the Advisory Agreements with the Funds and the BDC and/or organizational documents of the applicable Fund or the BDC. Investment restrictions for the Funds and the BDC are generally established in the organizational or offering documents of the applicable Fund or the BDC. Investment objectives, strategies, guidelines and/or restrictions for a Separate Account Client are negotiated with such Separate Account Client and typically memorialized in such Separate Account Client’s Advisory Agreement or Separate Account Entity agreement. The principal owners of Audax Management Company (NY), LLC are Geoffrey S. Rehnert, Marc B. Wolpow, and Kevin P. Magid (each of whom holds interests indirectly through intermediate entities). The Adviser has been in business since March 2000. As of December 31, 2023, the Adviser’s regulatory assets under management were $19.8 billion all of which is managed on a discretionary basis.