Twin Bridge, the registered investment adviser, is a Delaware limited liability company. Twin Bridge provides discretionary investment advisory services to its clients, which consist of private equity “funds of funds,” namely private investment-related funds and similar related arrangements. Twin Bridge commenced operations in October 2005. Twin Bridge’s clients include the following (each, a “Fund” and, together with any future private investment fund to which Twin Bridge or its affiliates provide investment advisory services, the “Funds”):
• Pacific Street Fund, L.P. (“PSF I”);
• Pacific Street Fund II, L.P. (“PSF II”);
• Pacific Street Fund III, L.P. (“PSF III”);
• Pacific Street Fund IV, L.P. (“PSF IV”);
• Pacific Street Fund V, L.P. (“PSF V”);
• Twin Bridge Narrow Gate Fund, L.P. (“NG I”); and
• Twin Bridge Titan Fund, L.P. (“TF I”). The following general partner entities of the Funds are affiliated with Twin Bridge:
• Pacific Street GP, LLC;
• Pacific Street GP II, LLC;
• Pacific Street GP III, LLC;
• Pacific Street GP IV, LLC;
• Pacific Street GP V, L.P.;
• Twin Bridge Narrow Gate GP, L.P.;
• Twin Bridge Titan GP, L.P. (each, a “General Partner” and, collectively, the “General Partners”). Each General Partner is subject to the Advisers Act pursuant to Twin Bridge’s registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partners, which operate as a single advisory business together with Twin Bridge. Additional Funds are expected to be offered on an investor-by-investor basis. Interests in the Funds are privately offered to qualified investors in the United States and elsewhere. The Funds invest in underlying private equity funds (“Portfolio Funds”) and, through co-investments, negotiated transactions in certain operating entities in which such Portfolio Funds invest. Twin Bridge’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and achieving, where permitted by the governing documents of such Portfolio Funds dispositions for such investments. Although direct and indirect investments are made predominantly in non-public companies, investments in public companies are permitted. Where such investments consist of direct investments in portfolio companies, the senior principals or other personnel of Twin Bridge or its affiliates expect to serve on such portfolio companies’ respective boards of directors in most instances in the role of board observers or otherwise act to influence control over management of portfolio companies held by the Funds or by such Portfolio Funds.

In the event personnel of Twin Bridge or its affiliates were to receive compensation from a portfolio company in connection with serving on such portfolio company’s board of directors, the receipt of such compensation generally will give rise to potential conflicts of interest between the Funds, on the one hand, and Twin Bridge, its personnel and/or its affiliates, on the other hand. Twin Bridge’s advisory services to the Funds are detailed in the applicable private placement memoranda or other offering documents (each, a “Memorandum”), limited partnership or other operating agreements or governing documents (each, a “Partnership Agreement” and, as applicable, together with any relevant Memorandum, the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds (generally referred to herein as “investors” or “limited partners”) participate in the overall investment program for the applicable Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other agreed upon circumstances pursuant to the relevant Governing Documents; such arrangements generally do not and will not create an advisor- client relationship between Twin Bridge and any investor. The Funds or Twin Bridge generally enter 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 (including economic or other terms) of, the relevant Governing Documents with respect to such investors. In addition to the advisory services Twin Bridge provides to the Funds, Twin Bridge has entered into a strategic partnership with Astorius Consult GmbH to provide advisory services to certain compartments of Astorius Capital Fonds S.C.A. SICAV-RAIF, a multi-compartment reserved alternative investment fund under Luxembourg law (“Astorius”). In connection with this arrangement, Twin Bridge has entered into a Portfolio Management Agreement with Astorius and certain partnership agreements, pursuant to which Twin Bridge will act as portfolio manager on a fully discretionary basis and receive a management fee and performance fee or carried interest for services provided. Astorius seeks to invest primarily in U.S. and Canadian smaller and lower mid- market private equity funds, investment vehicles and co-investments. Shares in Astorius are marketed and sold by Astorius exclusively to non-U.S. persons. As of January 1, 2024, Twin Bridge managed approximately $3.7 billion in client assets on a discretionary basis. Twin Bridge is controlled and principally owned by Brian Gallagher, Patrick Lanigan, F. Matthew Petronzio, MaryJane Pempek, and Thrivent Financial for Lutherans (“Thrivent”).