Structure; History and Ownership Alterna Capital Partners LLC is a private equity firm with its principal place of business in Bedford, NH (formerly Wilton, CT). Alterna Capital Partners LLC will be referred to in this Brochure as “Alterna” or “the Firm”. The Firm is organized as a Delaware limited liability company. The Firm commenced business in 2007 and registered with the Securities and Exchange Commission under the Investment Advisors Act of 1940 on March 30, 2012. The Firm is currently owned equally by two members: Eric Press and Roger Miller (the “Members”). The Firm is governed by the Members and Earle Goldin (collectively, the “Managing Partners”). One of the original members, James Furnivall, left the Firm in September 2016. One of the original members, Harry Toll, left the Firm in November 2019. In addition to the Managing Partners, as of this filing Alterna has six full-time employees and one part-time employee. Alterna is the advisor to Alterna Core Capital Assets Fund, L.P. (“Fund I”). Fund I had its first closing in February 2009 and its final closing in November 2009 with total commitments of $428,282,828. Alterna General Partner LLC (the “Fund I General Partner”) is the general partner of Fund I. Fund I is closed to additional investment. In February 2020, Fund I commenced the dissolution of Fund I. Alterna is also the advisor to Alterna Core Capital Assets Fund II, L.P. (“Fund II,” and together with Fund I, the “Discretionary Funds”). Fund II had its first closing in December 2012 and its final closing in March 2014 with total commitments of $722,424,242. Alterna General Partner II LLC (the “Fund II General Partner”) is the general partner of Fund II. Fund II is closed to additional investment. In December 2022, Fund II commenced the dissolution of Fund II. Alterna is also the advisor to Alterna/Lavaca Co-Investment Fund, L.P. (“Lavaca”), a nondiscretionary co-investment fund that follows the same investment strategy as the Discretionary Funds. Lavaca was formed on June 5, 2013, and has a total commitment of $100,000,000. Alterna/Lavaca General Partner LLC (the “Lavaca General Partner”) is the general partner of Lavaca. Lavaca is closed to additional investment. The Lavaca General Partner has commenced the winding up and liquidation of Lavaca. Alterna is also the advisor to Tarawa Co-Investment

Fund, L.P. (“Tarawa” and, collectively with Fund I, Fund II and Lavaca, the “Funds” and, each individually, a “Fund”), a nondiscretionary co-investment fund that follows the same investment strategy as the Discretionary Funds. Tarawa was formed on October 28, 2015, and has a total commitment of $126,262,626. Alterna Tarawa GP LLC (the “Tarawa General Partner” and, together with the Fund I General Partner, the Fund II General Partner, and the Lavaca General Partner, the “General Partners”) is the general partner of Tarawa. Tarawa is closed to additional investment. The General Partners conduct a single advisory business with Alterna. Collectively, Alterna and the General Partners are referred to in this Brochure as “we” or “us.” Types of Advisory Services The Firm advises the Funds with respect to investments in Core Capital Assets (sometimes referred to in this Brochure as “CCAs”) and in companies with significant involvement in the ownership, operation or financing of CCAs, primarily in North America, Europe and in countries in other Organization for Economic Co-operation and Development (“OECD”) regions. {01781397; 2; 0174-3 } 2 CCAs are the long-lived, physical assets or resources that are essential to logistics, operations and production in the following sectors:
• Transportation–aviation, shipping and rail assets, and transportation facilities;
• Industrial–facilities and major equipment for manufacturing, processing, handling and storage; and
• Energy–power generation and transmission, conventional and alternative fuel sources and facilities. All Funds share similar investment strategies and objectives and related risk factors. A more in-depth description of the Discretionary Funds’ investment strategy and objectives and related risk factors may be found in the respective private placement memoranda of the Discretionary Funds. Assets Under Management As of December 31, 2023, we managed $475,897,138 of client assets on a discretionary basis, all of which is invested by or committed to the Discretionary Funds. In addition, we manage $44,209,070 of client assets on a non-discretionary basis invested by or committed to Lavaca and $64,386,494 of client assets on a non-discretionary basis invested by or committed to Tarawa.