Marlin Management Company, LLC (the “Management Company”), a registered investment adviser, is a Delaware limited liability company. The Management Company commenced operations in June 2005. The following investment advisers are affiliated with the Management Company:
• Marlin Equity Partners II, L.P. (“Fund II GP”);
• Marlin Equity Partners III, L.P. (“Fund III GP”);
• Marlin Equity Partners IV, L.P. and Marlin IV Cayman AIV GP, L.P. (collectively, “Fund IV GP”);
• Marlin Heritage Partners, L.P. and Marlin Heritage Cayman AIV GP, L.P. (collectively, “Heritage Fund GP”);
• Marlin Heritage Europe Partners, L.P. (“Heritage Europe Fund GP”);
• Marlin Equity Partners V, L.P. (“Fund V GP”);
• Marlin Ultimate GP, LLC (“Heritage Europe Executive Fund GP”);
• Marlin Heritage Partners II, L.P. (“Heritage Fund II GP”);
• Marlin Heritage Europe Partners II, L.P. (“Heritage Europe Fund II GP,”)
• Marlin Heritage Europe Partners III GP, S.àr.l. (“Heritage Europe Fund III GP,”);
• Marlin Heritage Partners III, L.P. (“Heritage Fund III GP”);
• Marlin Strategic Opportunities Partners I, L.P. (“Opportunities Fund I GP”);
• Marlin Credit Opportunities GP, L.P. (“Credit Fund GP” and together with Fund II GP, Fund III GP, Fund IV GP, Heritage Fund GP, Heritage Europe Fund GP, Fund V GP, Heritage Europe Executive Fund GP, Heritage Fund II GP, Heritage Europe Fund II GP, Heritage Europe Fund III GP, Heritage Fund III GP and Opportunities Fund GP, the “General Partners,” and together with the Management Company and their affiliated entities, “Marlin”); and
• Marlin Equity Partners Limited (the “UK Office”). The UK Office and each General Partner listed above is subject to the Advisers Act pursuant to the Management Company’s registration in accordance with SEC guidance. This Brochure also describes the business practices of each General Partner and the UK Office, which operate as a single advisory business together with the Management Company. Marlin provides discretionary investment advisory services to its clients, which consist of private investment funds. Marlin’s clients include the following (each, a “Fund,” and together with any future private investment fund to which Marlin provides investment advisory services, the “Funds”):
• Marlin Equity II, L.P. (“Fund II”);
• Marlin Equity III, L.P. (“Fund III”);
• Marlin Equity IV, L.P., Marlin Equity IV AIV, L.P. and Marlin IV Cayman AIV, L.P. (collectively, “Fund IV”);
• Marlin Heritage, L.P. and Marlin Heritage Cayman AIV, L.P. (collectively, the “Heritage Fund”);
• Marlin Heritage Europe, L.P. (the “Heritage Europe Fund”);
• Marlin Equity V, L.P, Marlin Equity V-A, L.P., and Marlin Equity V AIV, L.P. (collectively, “Fund V”);
• Marlin Heritage II, L.P. and Marlin Heritage II-A, L.P. (collectively, the “Heritage II Fund”);
• Marlin Heritage Europe II, L.P. (the “Heritage Europe II Fund”);
• Marlin Heritage III, L.P. and Marlin Heritage III-A, L.P. (collectively, the “Heritage III Fund”);
• Marlin Strategic Opportunities Fund I, L.P. (“Opportunities Fund I”)
• Marlin Credit Opportunities Fund, L.P. (the “Credit Fund”). Marlin also manages Marlin Executive Fund II, L.P., Marlin Executive Fund III, L.P., Marlin Executive Fund IV, L.P., Marlin Executive Fund V, L.P., Marlin Heritage Executive Fund, L.P., Marlin Heritage Europe Executive Fund, L.P., Marlin Monarch Executive Fund V, L.P., Marlin Monarch Heritage II Executive Fund, L.P., Marlin Heritage

II Executive Fund, L.P. and Marlin Heritage Europe II Executive Fund, L.P., (collectively, the “Executive Funds”), private investment funds formed to allow certain principals, employees and operating professionals of Marlin and its affiliates, as well as certain other persons, to invest in certain portfolio investments made by Fund II, Fund III, Fund IV, Fund V, the Heritage Fund, the Heritage Europe Fund, the Heritage II Fund, the Heritage III Fund and the Heritage Europe II Fund, as applicable, and Marlin- Stark Partners, L.P. (the “Marlin-Stark Co-Invest”), a co-investment vehicle established to facilitate a particular investment by the Heritage Europe II Fund. Interests in the Funds are privately offered to qualified investors in the United States and elsewhere. The Funds are expected to invest through negotiated transactions in operating entities, generally referred to herein as “portfolio companies,” as well as in publicly traded securities. Marlin’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 dispositions for such investments. Investments are made predominantly in non-public companies, although investments in public companies are permitted in certain instances. The senior principals or other personnel of Marlin typically serve on the boards of directors (or other governing bodies) of such portfolio companies held by the Funds or otherwise act to influence control over management of portfolio companies in which the Funds have invested. Marlin’s advisory services for each Fund are detailed in the applicable private placement memorandum or other offering documents (each, a “Memorandum”) and limited partnership agreement or other operating agreements or governing documents (each, a “Partnership Agreement” and together with the Memorandum, the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in 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 Governing Documents; for the avoidance of doubt, such arrangements generally do not and will not create an adviser-client relationship between Marlin and any investor. The Funds or the General Partners have entered into certain 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 Governing Documents with respect to such investors. As of December 31, 2023, Marlin managed $8,589,954,725 in regulatory assets under management on a discretionary basis. The Management Company is principally owned by David M. McGovern. A minority interest in the Management Company is owned by investment funds managed by Blackstone Strategic Capital Group. Blackstone Strategic Capital Group does not have authority over the day-to-day operations or investment decisions of the Management Company as they relate to the Funds, although it has negotiated certain minority protection and consent rights in connection with its investment in the Management Company. The Management Company intends to maintain operations, strategy, and investment decisions separate from Blackstone Strategic Capital Group.