Form ADV Part 2A, Item 4 A. Overview of Webster Equity Partners Webster Equity Partners, L.P. is a Delaware limited partnership organized in Delaware on June 27, 2003, and registered in Massachusetts on July 15, 2003 (“Webster Equity”, “Webster Equity Partners Equity” or the “Company”). David Malm is the Managing Member, as well as the principal owner of the Company. B. Advisory Services Webster Equity Partners acts as investment adviser to 19 private equity funds: Webster Equity Partners V, L.P. (“Webster V”), Webster Capital IV, L.P. (“Webster IV”), Webster Capital III, L.P. (“Webster III”), Webster Equity Partners III-A, L.P. (“Webster III-A”), Webster Equity Partners III-B, L.P. (“Webster III-B”), Webster Capital II-A, L.P. (“Webster II-A”), Webster Equity Partners Bristol CF, L.P. (“Webster Bristol CF”), Webster Equity Partners III Bristol CF, L.P. (“Webster III Bristol CF “), Webster Equity Partners IV Bristol CF, L.P. (“Webster IV Bristol CF”), Webster Equity Partners Pinnacle, L.P. (“Webster Pinnacle”), Suncoinvest Vehicle, L.P. (“Suncoinvest”), Webster CVM Co-Investment Fund, L.P. (“Webster CVM”), Webster Oceans Co-Investment Fund, L.P. (“Webster Oceans”), Webster Cascade Aggregator, L.P. (“Webster Partners”), Webster Cascade Aggregator II, L.P. (“Webster Cascade II”), Webster Equity Partners V-B, L.P. (“Webster V-B”), Webster Equity Partners VI, L.P. (“Webster VI”), Webster Equity Partners VI-B, L.P. (“Webster VI-B”), and Webster Equity Partners VI GP Feeder, L.P. (“Webster VI GP Feeder”) each a “Fund” and collectively the “Funds”) pursuant to the terms of management agreements (the “Management Agreements”) by and between Webster Equity Partners and the respective General Partner (as defined in the governing documents). Prior to their dissolution and entering liquidation Webster Equity Partners Equity acted as investment adviser and manager to Webster Equity Partners Capital II, L.P., Webster Equity Partners Capital II-QP, L.P. and Webster Equity Partners Capital Founders’ Fund, L.P. Webster Equity’s relying advisers, Wasque Partners SPE GP, LLC (“Wasque GP”), Wasque Partners II SPE GP, LLC (“Wasque II GP”) and Crackatuxet SPE GP, LLC (“Crax GP”), act as investment advisers respectively for three private equity funds: Wasque Partners SPE, L.P. (“Wasque”), Wasque Partners II SPE, L.P. “(Wasque II”) and Crackatuxet SPE, L.P. (“Crax”), pursuant to the terms of the Fund partnership agreement for each fund. Webster Equity Partners is not authorized to manage the affairs of, act in the name of or bind any of the Funds. The management, policies and operations of each Fund shall be the responsibility of its General Partner as the case may be, acting pursuant to and in accordance with the applicable Fund partnership agreement and all decisions relating to Fund matters, including the management of a Fund’s investments, shall be made by its General Partner, as the case may be. Each Fund has a General Partner. Pursuant to the terms of the Management Agreements, Webster Equity Partners Equity Partners is not authorized to manage the affairs of, act in the name of or bind any of the Funds. The management, policies and operations of each Fund shall be the responsibility of its General Partner as the case may be, acting pursuant to and in accordance with the applicable Fund partnership agreement and all decisions relating to Fund matters, including the management of a Fund’s investments, shall be made by its General Partner, as the case may be. The Funds primarily employ an investment strategy in the healthcare services sector. While the Funds have also invested in consumer and business services sectors over the years, healthcare services investing has been a cornerstone of the Webster Equity Partners strategy. In 2020, Webster Equity shifted its investment focus to healthcare services only in order to capitalize on its competitive advantages, wide network, and long- standing track record. As of December 31, 2023, the Funds have invested in 49 companies and have 30 still active under management. The Funds’ objectives are to achieve significant long-term capital appreciation on their investments. Webster Equity will assist the Funds with their general investment strategy, using the combined experience of Webster Equity’s partners and investment team to monitor the performance of the Funds’

current investments and advise them on any future investments. C. Tailored Advisory Services Webster Equity provides investment advisory and management services to Webster V, Webster IV, Webster III, Webster III-A, Webster III-B, Webster II-A, Webster Bristol CF, Webster III Bristol CF, Webster IV Bristol CF, Webster Pinnacle, Suncoinvest, Webster CVM, Webster Oceans, Webster Cascade, Webster Cascade II, Webster V-B, Webster VI, Webster VI-B, and Webster VI GP Feeder, limiting such services to the particular types of investments identified for each Fund. Webster Equity’s relying advisers, Wasque GP, Wasque II GP and Crax GP, provide investment advisory and management services to only Wasque, Wasque II and Crax, limiting such services to the particular types of investments identified for each Fund. Webster Equity Partners does not participate in any wrap fee program. D. Assets Under Management As of December 31, 2023, the following assets are managed by Webster Equity Partners: Discretionary Basis $7,496,279,525 Non-Discretionary Basis $- 0 - Total Assets under Management $7,496,279,525 Form ADV Part 2A, Item 5 Investors and prospective investors should review, in conjunction with this Brochure, the confidential private placement memorandum, limited partnership agreement and other governing documents of each Fund in which they invest for complete information on the fees and compensation payable. A. Advisory Fees. Webster Equity Partners Equity Partners provides investment advisory services in exchange for Management Fees equal to a percentage of the total capital commitments during the investment period and a percentage of invested capital thereafter. With respect to each Fund where the Management Agreement provides that the General Partner shall pay over to Webster Equity Partners Equity Partners all or a portion of the Management Fee (as defined, calculated and adjusted pursuant to the terms of each Fund’s partnership agreement) received by such General Partner, such portion is to be determined in the sole discretion of such General Partner. With respect to each Fund, the fee is payable quarterly in advance. Upon the earlier to occur of a specified number of years from the initial closing of a Fund, or certain other defined events, the management fee base will step down to a percentage of the aggregate cost of investments, the management fee will decrease and/or the management fee will terminate. B. Payment of Fees The Company does not deduct fees from clients’ assets. Fees are payable quarterly in advance, as described in Item 5(A) above. C. Additional Fees and Expenses In addition to the management fees described above, the Funds are responsible for a number of expenses that are incurred by or on behalf of such Funds. Below is a list of general expenses and fees that could be expected to be incurred by the Funds managed by Webster Equity Partners and its relying advisers:
• Fees and expenses associated with the organization of a Fund and the offer/sale of interests:
• Costs of selecting, acquiring, holding, monitoring, and disposing of investments;
• All expenses related to litigation and threatened litigation involving a Fund;
• Legal, auditing, tax and accounting services, custodian fees, brokerage, travel, marketing and other fees, commissions and expenses incurred by a Fund; and
• Taxes, insurance, and any costs incurred from dissolving and liquidating a Fund. The fee structures described above may be modified from time to time. Fees may differ from one Fund to another, as well as among investors in the same Fund. D. Payment of Fees in Advance Management Fees are payable by each Fund quarterly in advance, as described in Item 5(A) above. A client may obtain a refund of a pre-paid management fee if the advisory contract is terminated below the end of the billing period. Upon notification of termination, Webster Equity Partners will determine if any refund or quarterly management fee is due to the client for any overpayment resulting from the termination. Typically, the overpayment would be determined based on a ratio of numbers of days not lapsed during the quarter over total number of days in that quarter.