TriGuard Management LLC (“TriGuard”) is a Delaware limited liability company formed in February 2007. The principal owners of TriGuard are Ronn C. Cornelius and Samuel Tang. The principals of TriGuard are Ronn C. Cornelius, Samuel Tang, Eric Becker and Sean Gessay (the “Principals”) and Brian Smith is a senior advisor (together with the Principals, the “Management Team”). TriGuard provides investment advisory services to six private investment funds: Montauk TriGuard Fund IV LP, Montauk TriGuard Fund V LP, Montauk TriGuard Fund VI LP, Montauk TriGuard Fund VII LP, Montauk TriGuard Fund VIII LP and Montauk TriGuard Fund IX LP (collectively, the “TriGuard Funds” and individually a “TriGuard Fund”). A related person of TriGuard generally acts as general partner or manager of each TriGuard Fund, and TriGuard acts as investment adviser to each TriGuard Fund. References to TriGuard in this Brochure include, as the context requires, affiliates through which TriGuard provides investment advisory services or that act as general partner or manager for any of the TriGuard Funds. TriGuard’s investment advisory business is principally focused on “secondary” interests in private equity funds and other private investment funds. In acquiring, holding and realizing these secondary interests, TriGuard focuses on certain niche areas of the secondary market, including “carve-outs” and “strips” in syndicates with other buyers in large transactions, interests in specialized investment funds, such as mezzanine, infrastructure, energy/power, distressed, real estate, healthcare, media, financial, small business investment company, international and other specialty funds, and interests in tail-end portfolios. TriGuard may also engage in transactions in other portions of the secondary private equity market. TriGuard tailors its advisory services to the specific investment objectives and restrictions of each TriGuard Fund

as provided in the specific TriGuard Fund’s limited partnership agreement, confidential private placement memorandum, investment management agreement and/or other governing documents (collectively, the “Governing Documents”). Investors (generally referred to herein as “investors” or “limited partners”) and prospective investors of each TriGuard Fund should refer to the Governing Documents of the applicable TriGuard Fund for complete information on the investment objectives and investment restrictions with respect to each TriGuard Fund. There is no assurance that any of the TriGuard Funds’ investment objectives will be achieved. In accordance with common industry practice, one or more of the TriGuard Funds or their general partners will occasionally enter into “side letters” or similar agreements with certain investors pursuant to which the general partner grants the investor specific rights, benefits, or privileges that are not made available to investors in the TriGuard Funds generally. These agreements will generally be disclosed only to those actual or potential investors in a TriGuard Fund that have separately negotiated with the general partner of the TriGuard Fund for the right to review these agreements. Such side letter rights are likely to confer benefits on the relevant limited partner at the expense of the relevant TriGuard Fund or of limited partners as a whole, including in the event that a side letter confers additional reporting, information rights and/or transfer rights, the costs and expenses of which are expected to be borne by the relevant TriGuard does not participate in any wrap fee programs. TriGuard manages all assets of the TriGuard Funds on a discretionary basis in accordance with the terms and conditions of each TriGuard Fund’s Governing Documents. As of September 30, 2023, the amount of assets TriGuard manages on a discretionary basis is approximately $2,024,453,377.