Sentinel is a private investment management firm, including a registered investment advisory entity and other investment advisers and entities affiliated with Sentinel Capital Partners, L.L.C., a Delaware limited liability company (“Sentinel LLC” and, together with such affiliated organizations, collectively, “Sentinel”), that manages approximately $9,147,664,134 in private fund assets as of December 31, 2023. Sentinel LLC is a registered investment adviser that commenced operations in November 1995. Sentinel LLC and its affiliated entities, Sentinel Partners IV, L.P. (“Sentinel IV GP”), Sentinel Partners V, L.P. (“Sentinel V GP”), Sentinel Partners VI, L.P. (“Sentinel VI GP”), Sentinel Partners VII, L.P. (“Sentinel VII GP”), Sentinel Junior Partners I, L.P. (“Sentinel Junior Capital I GP”), Sentinel Junior Partners II, L.P. (“Sentinel Junior Capital II GP”), Sentinel Continuation Partners I, L.P. (“Sentinel Continuation I GP”, and collectively together with Sentinel IV GP, Sentinel V GP, Sentinel VI GP, Sentinel VII GP, Sentinel Junior Capital I GP and Sentinel Junior Capital II GP, and any future affiliated general partner entities, the “General Partners” and each, a “General Partner”, and together with Sentinel LLC, the “Advisers”) provide investment advisory services to investment funds privately offered to qualified investors in the United States and elsewhere. Each General Partner is subject to the Advisers Act pursuant to Sentinel LLC’s registration in accordance with SEC guidance. This Brochure also describes the business practices of each of the General Partners, which operate as a single advisory business together with Sentinel LLC. Sentinel IV GP has delegated the management of the business and affairs of Fund IV to Sentinel LLC. Sentinel V GP has delegated the management of the business and affairs of Fund V to Sentinel LLC. Sentinel VI GP has delegated the management of the business and affairs of Fund VI to Sentinel LLC. Sentinel VII GP has delegated the management of the business and affairs of Fund VII to Sentinel LLC. Sentinel Junior Capital I GP has delegated the management of the business and affairs of Junior Capital Fund I to Sentinel LLC. Sentinel Junior Capital II GP has delegated the management of the business and affairs of Junior Capital Fund II to Sentinel LLC. Sentinel Continuation I GP has delegated the management of the business and affairs of Continuation Fund I to Sentinel LLC (see below for a list of Fund IV, Fund V, Fund VI, Fund VII, Junior Capital Fund I, Junior Capital Fund II, and Sentinel Continuation Fund I entities (each, a “Fund”, collectively, the “Funds” and together with any future private investment fund managed by Sentinel, the “Private Investment Funds”)). The investors in the Funds (other than the General Partners), as applicable, are referred to herein as “investors” or “Limited Partners” and the Limited Partners, together with the General Partners, are referred to herein as the “Partners”. Fund IV, Fund V, Fund VI, Fund VII and any other Private Investment Funds following a private equity buyout strategy (the “Private Equity Funds”) are private equity funds and invest through negotiated transactions in operating entities generally referred to herein as “portfolio companies”. Sentinel’s investment advisory services to the Private Equity Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments, and achieving dispositions for such investments. Investments are made predominantly in non-public companies, although investments in public companies are permitted subject to certain limitations set forth in the applicable Private Equity Fund’s limited partnership agreement or other governing documents (each such agreement or document of a Private Equity Fund, a Junior Capital Fund or a Continuation Fund (as defined below), as amended, restated, amended and restated, supplemented or otherwise modified from time to time, a “Limited Partnership Agreement”). Where such investments consist of portfolio companies, the senior principals or other personnel of Sentinel LLC or its affiliates generally serve on such portfolio companies’ respective boards of directors or otherwise act to influence control over the management of a Private Equity Fund’s portfolio companies. Continuation Fund I and any other Private Investment Funds following a blind pool continuation minority investment strategy (the “Continuation Funds”) are private funds that selectively invest in existing portfolio companies of Sentinel as a minority investor after those portfolio companies are sold to an independent third party. As a minority investor (relative to such third-party buyer), Continuation Fund I will typically seek to secure customary minority protections and governance rights, invest pari-passu with the third-party buyer in an identical security, maintain a board seat and work together with the independent buyer to drive enterprise value. Sentinel’s investment advisory services to the Continuation Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments, and achieving dispositions for such investments. Investments are made predominantly in non-public companies, although investments in public companies are permitted subject to certain limitations set forth in the applicable Continuation Fund’s Limited Partnership Agreement. Junior Capital Fund I, Junior Capital Fund II and any other Private Investment Funds following a junior capital, “mezzanine,” senior debt and/or structured capital solutions strategy (the “Junior Capital Funds”) are private funds that typically invest in senior equity, junior capital, mezzanine debt, senior debt, unitranche debt and/or other similar securities of portfolio companies, including portfolio companies sourced by Private Equity Funds on terms independently negotiated by one or more third-party lead senior debt and/or junior capital investors who are not affiliates of Sentinel (each such third-party investor, an “Independent Investor”), with the relevant Junior Capital Fund positioned as a minority interest holder with few, if any, of the governance and economic rights and powers exercised by the lead Independent Investor in the relevant issuance. As used herein, the term “lead” Independent Investor(s) refers to the Independent Investor(s) acquiring or representing the acquirer(s) of the largest portion of the relevant senior debt and/or junior capital securities, as the context may require. Typical Junior Capital Fund investments will include senior equity, junior capital, mezzanine debt, senior debt, unitranche debt and/or other securities or instruments that, at the time of initial investment, have attributes such as liquidation or other preferences, interest, coupon, or other debt-like features, including, without limitation, instruments issued in respect of warrants or conversion rights or mechanisms applicable thereto, in each case including any follow-on investments thereon. Sentinel’s investment advisory services to the Junior Capital Funds consist of identifying, evaluating and executing junior capital or senior debt investment opportunities, managing and monitoring such investments, and achieving dispositions for such investments. Investments are made predominantly in non-public companies, although investments in public companies are permitted subject to certain limitations set forth in the applicable Junior Capital Fund’s Limited Partnership Agreement. Sentinel IV GP, a Delaware limited partnership, is the General Partner of the private funds listed below (together with any feeder vehicles, alternative investment vehicles and other special purpose entities, “Fund IV”).
• Sentinel Capital Partners IV, L.P., a Delaware limited partnership
• Sentinel Capital Partners IV-A, L.P., a Delaware limited partnership
• Sentinel Capital Investors IV, L.P., a Delaware limited partnership For the sake of clarity, unless otherwise indicated, references in this Brochure to “Fund IV” include each of the above-named private funds. While the substantial majority of the terms of each above-named fund are the same, each of such funds was formed to suit the purposes of certain types of investors (e.g., U.S. tax-exempt investors, non-U.S. investors, etc.) so

there are slight variations in structure and investment terms among the funds. Investors should refer to the private fund’s Limited Partnership Agreement for specific terms with respect to that private fund. Sentinel V GP, a Delaware limited partnership, is the General Partner of the private funds listed below (together with any feeder vehicles, alternative investment vehicles and other special purpose entities, “Fund V”).
• Sentinel Capital Partners V, L.P., a Delaware limited partnership
• Sentinel Capital Partners V-A, L.P., a Delaware limited partnership
• Sentinel Capital Investors V, L.P., a Delaware limited partnership For the sake of clarity, unless otherwise indicated, references in this Brochure to “Fund V” include each of the above-named private funds. While the substantial majority of the terms of each above-named fund are the same, each of such funds was formed to suit the purposes of certain types of investors (e.g., U.S. tax-exempt investors, non-U.S. investors, etc.) so there are slight variations in structure and investment terms among the funds. Investors should refer to the private fund’s Limited Partnership Agreement for specific terms with respect to that private fund. Sentinel VI GP, a Delaware limited partnership, is the General Partner of the private funds listed below (together with any feeder vehicles, alternative investment vehicles and other special purpose entities, “Fund VI”).
• Sentinel Capital Partners VI, L.P., a Delaware limited partnership
• Sentinel Capital Partners VI-A, L.P., a Delaware limited partnership
• Sentinel Capital Investors VI, L.P., a Delaware limited partnership For the sake of clarity, unless otherwise indicated, references in this Brochure to “Fund VI” include each of the above-named private funds. While the substantial majority of the terms of each above-named fund are the same, each of such funds was formed to suit the purposes of certain types of investors (e.g., U.S. tax-exempt investors, non-U.S. investors, etc.) so there are slight variations in structure and investment terms among the funds. Investors should refer to the private fund’s Limited Partnership Agreement for specific terms with respect to that private fund. Sentinel VII GP, a Delaware limited partnership, is the General Partner of the private funds listed below (together with any feeder vehicles, alternative investment vehicles and other special purpose entities, “Fund VII”).
• Sentinel Capital Partners VII, L.P., a Delaware limited partnership
• Sentinel Capital Partners VII-A, L.P., a Delaware limited partnership
• Sentinel Capital Investors VII, L.P., a Delaware limited partnership For the sake of clarity, unless otherwise indicated, references in this Brochure to “Fund VII” include each of the above-named private funds. While the substantial majority of the terms of each above-named fund are the same, each of such funds was formed to suit the purposes of certain types of investors (e.g., U.S. tax-exempt investors, non-U.S. investors, etc.) so there are slight variations in structure and investment terms among the funds. Investors should refer to the private fund’s Limited Partnership Agreement for specific terms with respect to that private fund. Sentinel Continuation I GP, a Delaware limited partnership, is the General Partner of the private funds listed below (together with any feeder vehicles, alternative investment vehicles and other special purpose entities, “Continuation Fund I”).
• Sentinel Continuation Fund I, L.P., a Delaware limited partnership
• Sentinel Continuation Fund I-A, L.P., a Delaware limited partnership For the sake of clarity, unless otherwise indicated, references in this Brochure to “Continuation Fund I” include each of the above-named private funds. While the substantial majority of the terms of each above-named fund are the same, each of such funds was formed to suit the purposes of certain types of investors (e.g., U.S. tax-exempt investors, non-U.S. investors, etc.) so there are slight variations in structure and investment terms among the funds. Investors should refer to the private fund’s Limited Partnership Agreement for specific terms with respect to that private fund. Sentinel Junior Capital I GP, a Delaware limited partnership, is the General Partner of the private fund listed below (together with any feeder vehicles, alternative investment vehicles and other special purpose entities, “Junior Capital Fund I”).
• Sentinel Junior Capital I, L.P., a Delaware limited partnership Investors should refer to Junior Capital Fund I’s Limited Partnership Agreement for specific terms with respect to that private fund. Sentinel Junior Capital II GP, a Delaware limited partnership, is the General Partner of the private fund listed below (together with any feeder vehicles, alternative investment vehicles and other special purpose entities, “Junior Capital Fund II”).
• Sentinel Junior Capital II, L.P., a Delaware limited partnership Investors should refer to Junior Capital Fund II’s Limited Partnership Agreement for specific terms with respect to that private fund. Sentinel’s advisory services for the Private Investment Funds are detailed in the applicable private placement memoranda and the supplements thereto (each, a “Private Placement Memorandum” and collectively, the “Private Placement Memoranda”), the Limited Partnership Agreements of the Funds and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Private Investment Funds participate in the overall investment program for the applicable Fund, but in certain circumstances are excused from a particular investment due to legal, tax, regulatory, or other agreed-upon circumstances pursuant to the relevant Limited Partnership Agreement: such arrangements generally do not and will not create an adviser-client relationship between Sentinel and any investor. The Funds or the Advisers have entered into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights under, or altering or supplementing the terms of, the applicable Fund’s Limited Partnership Agreement. Additionally, as permitted by the relevant Limited Partnership Agreement, the Advisers have provided and expect to provide in the future investment or co-investment opportunities (including the opportunity to participate in co-invest vehicles) to certain current or prospective investors or other persons, including Limited Partners, other sponsors, market participants, finders, consultants (including former portfolio company executives or board members), service providers, portfolio company management or personnel, lending sources, Outside Operating Partners (as defined below) or certain other persons associated with Sentinel and/or its affiliates. Such co-investments typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms as the Fund making the investment. However, for strategic and other reasons, a co-investor or co-invest vehicle (including a co- investing Fund) has purchased, and may in the future purchase, a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post-closing sell-down or transfer), which generally will have been funded through Fund investor capital contributions and/or use of a Fund credit facility. Any such purchase from a Fund by a co-investor or co-invest vehicle generally occurs shortly after the Fund’s completion of the investment and the co-investor or co-invest vehicle will be charged interest on the purchase or under certain conditions be subject to other equitable adjustments to the purchase price, to compensate the relevant Fund for the holding period, and generally will be required to reimburse the relevant Fund for related costs. However, to the extent any such amounts are not so charged or reimbursed (including charges or reimbursements required pursuant to applicable law), they generally will be borne by the relevant Fund. As of December 31, 2023, Sentinel LLC manages $9,147,664,134 in client assets on a discretionary basis. Sentinel LLC is controlled by the partners of Sentinel LLC.