Northern Right Capital Management, L.P., a Texas limited partnership, provides investment management services to private pooled investment vehicles, separately managed accounts, and single client vehicles primarily with respect to investments in publicly-traded equity securities of small to mid-cap companies. Our investment advice is provided in accordance with and subject to the investment objectives, strategies, guidelines, restrictions and limitations contained in the applicable offering, governing and/or account documents, and the information in this brochure is qualified in its entirety by the information set forth in such documents. We serve as general partner of and/or investment manager with discretionary trading authority, to private pooled investment vehicles, the securities of which are offered through a private placement memorandum to accredited investors, as defined under the Securities Act of 1933, as amended, and qualified purchasers, as defined under the Investment Company Act of 1940, as amended. NRC manages the following private, pooled investment vehicles:
• Northern Right Capital (QP), L.P., a Texas limited partnership (the “QP Fund”);
• Northern Right Capital Offshore, L.P., a private pooled investment vehicle organized as a Cayman Islands exempted limited partnership that invests substantially all of its assets in the QP Fund (the “Offshore Fund”) The QP Fund and the Offshore Fund are herein each referred to as a “Fund” or “Client”, and collectively,

as the “Northern Right Funds”). Information about the Northern Right Funds is set forth in its confidential memorandum and governing documents. Investment in a Northern Right Fund does not, in and of itself, create an advisory relationship between an investor in such Northern Right Fund and us. We also provide investment advisory services with respect to separately managed accounts (the “Advisory Accounts”) with respect to investments primarily in publicly-traded equity securities of small to mid-cap companies. Our advisory services with respect to the Advisory Accounts are provided in accordance with the terms, conditions, guidelines and limitations set forth in the investment management agreements between us and each Advisory Account client. Advisory Accounts co-invest or may co-invest alongside the Northern Right Funds in one or more investments from time to time. We provide and tailor our investment advice with respect to each Advisory Account in accordance with the investment guidelines and objectives of the applicable client and other terms and conditions set forth in the applicable investment management agreement. Advisory Account clients generally may impose restrictions, guidelines and limitations on the management of their Advisory Accounts. We do not currently participate in any Wrap Fee Programs. As of December 31, 2023, we had approximately $379,965,910 in regulatory assets under management. All of these assets were managed on a discretionary or limited discretionary basis.