Dorchester Capital Advisors, LLC (the “Advisor” or “DCA” or “Dorchester”) is the investment manager to the following funds (each, individually, a “Fund” and, collectively, the “Funds”): Dorchester Private Equity I, L.P., a Delaware limited partnership (“DPE”), Dorchester Shared Opportunities II, LP, a Delaware limited partnership (f/k/a Dorchester Private Equity II, L.P., “DSO II,” and, with DPE, the “Private Equity Funds”), Dorchester Capital Secondaries III, L.P., a Delaware limited partnership (“DCS III”), Dorchester Capital Secondaries Offshore III, L.P., a Cayman Islands exempted limited partnership (“DCS Offshore III”), Dorchester Capital Secondaries IV, L.P., a Delaware limited partnership (“DCS IV”), Dorchester Capital Secondaries Offshore IV, L.P., a Cayman Islands exempted limited partnership (“DCS Offshore IV”), Dorchester Capital Secondaries V, L.P., a Delaware limited partnership (“DCS V”), Dorchester Capital Secondaries Offshore V, L.P., a Cayman Islands exempted limited partnership (“DCS Offshore V”), Dorchester Capital Secondaries Offshore Master V, L.P., a Cayman Islands exempted limited partnership (“DCSO Master V”, and, with DCS III, DCS Offshore III, DCS IV, DCS Offshore IV, DCS V and DCS Offshore V, the “Secondaries Funds”), CC OLF 2, LLC, a Delaware limited liability company, and Dorchester Capital Credit Opportunities Offshore, LP, a Cayman Islands exempted limited partnership (“DCCOO”). Each of the Funds listed above are referred to collectively as the “Dorchester Funds.” Dorchester serves as the general partner, manager or investment manager of each of the Dorchester Funds and, as such, they are responsible for implementing each Dorchester Fund’s investment objectives and strategies. The investment objective of each of the Private Equity Funds is to seek to achieve capital appreciation by investing, directly or in the secondary market, in private equity funds, including, without limitation, buyout funds, mezzanine funds, hedge funds and venture capital funds (each an “Investment Fund,” and, collectively, all investments made by a Dorchester Fund, “Investment Funds”), without restriction on such funds’ industry, sector, country focus or stage. The investment objective of each of the Secondaries Funds is to achieve capital appreciation primarily by acquiring interests in or from existing private funds (also “Investment Funds”) in secondary market transactions. DCS III and DCS Offshore III redeemed all investors as of March 2021 and was simultaneously bought by DCS V and DCS V Offshore, respectively. DCS IV, DCS Offshore IV, DCS V and DCS Offshore V are standalone entities and invest on their own; however, there is intended to be a number of the same investments in each fund pair. This may not always be the case because of tax considerations or because of lack of availability of investments for one of the fund pairs. Additional disclosure regarding the investment objective of DCS V, DCS Offshore V and DCSO Master V is provided below. DCA has adopted an allocation policy to address the allocation of limited investment opportunities between DCS V, DCS Offshore V and DCSO Master V (collectively, “Fund V”), which is described in greater detail in Item 6 of this Brochure and in each fund’s private placement memorandum. The investment objective of Fund V is to seek to achieve capital appreciation, primarily by acquiring limited partner, general partner, equity, credit or other participation claims or interests in or from Investment

Funds generally in secondary market transactions, and may include investing in or with a general partner or manager to accomplish a fund restructuring, or may include directly acquiring the same or similar assets, credit, claims, interests or securities in, of or from Investment Funds. For this purpose, the term “Investment Funds” includes generally, hedge, credit including distressed debt, private equity, direct lending, real estate, venture capital, special purpose and other similar investment funds or vehicles managed by third parties. Fund V may also invest directly into portfolio companies, and/or make other equity or debt investments including, but not necessarily limited to, credit, claims, interests, securities, originations, investments in side car/special investment opportunities and/or primary allocations to Investment Funds (collectively, “Direct Investments”). CC OLF 2, LLC is a holding company for a specific investment, and is entirely owned by Fund V. The investment objective of DCCOO is to seek to achieve capital appreciation by investing in credit and credit-related hedge, private equity and special opportunity funds. Each Fund may invest in shares, interests or units of the other funds sponsored by DCA or a DCA affiliate (“Affiliated Funds”) and may co-invest with Affiliated Funds or Investment Fund sponsors in certain transactions. To date, DCCOO and DCS V Offshore have invested in an Affiliated Fund, DCS Offshore III, and DCS V has invested in an Affiliated Fund, DCS III. DCS V also has investments in DPE and DSO II. Among other things, Fund V may (i) co-invest with one or more of such Affiliated Funds and separately managed accounts in certain Investment Funds and/or Direct Investments, and (ii) invest in funds offered by or enter into other investment management arrangements with Underlying Managers in which Affiliated Funds and separately managed accounts may or may not also invest or participate. In addition, Fund V may invest in one or more follow-on investment opportunities that arise as a result of an existing interest held by an Affiliated Fund in an Investment Fund or a Direct Investment in the event such Affiliated Fund is unwilling or unable to make such investment. Conversely, an Affiliated Fund may invest in one or more follow-on investment opportunities that arise as a result of an existing interest held by Fund V in an Investment Fund or a Direct Investment in the event that Fund V is unwilling or unable to make such investment. Each Dorchester Fund may also invest in short-term debt securities, money market instruments and interests in one or more investment companies or funds that invest in comparable investments. The Advisor tailors its advisory services to the specific objectives of each Dorchester Fund. It does not tailor its investment advice to the investment objectives or specific needs of any investor in a Dorchester Fund (each, a “limited partner” of that Dorchester Fund). Each Dorchester Fund (other than DCS V, DCS V Offshore, DCSO Master V, and DCCOO) is fully invested and not making new investments or accepting new investors. The original DCA was founded in 2001 and DPEM was founded in December 2005. Mark Steven Zucker, an original founder, is the managing member and Chief Investment Officer (“CIO”) of DCA. As of December 31, 2021, DCA managed approximately $1,065 million on a discretionary basis on behalf of the Dorchester Funds. DCA does not manage any assets on a non-discretionary basis.