For purposes of this Brochure, the “Adviser” means Accolade Capital Management LLC, a Delaware limited liability company, together (where the context permits) with its affiliated general partners of the Funds (as defined below) and other affiliates that provide advisory services to and/or receive advisory fees from the Funds. Such affiliates may or may not be under common control with Accolade Capital Management LLC but share a substantial identity of personnel and/or equity owners with Accolade Capital Management LLC. These affiliates may be formed for tax, regulatory or other purposes in connection with the organization of the Funds (as defined below) or may serve as general partners of the Funds. The Adviser provides investment supervisory services to investment vehicles (the “Funds”) that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). The Funds are funds of funds that primarily invest in diversified portfolios of venture capital, hybrid and growth equity funds. In accordance with the Funds’ respective investment objectives, investments are generally made in underlying funds that invest primarily in companies doing business in the technology, healthcare and digital asset sectors. In addition, investments may be made, directly or indirectly, in the purchase of shares or other investments in public or private companies offered as co-investments opportunities by underlying fund managers.

The Adviser’s advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of the Funds, managing and monitoring the performance of such investments and disposing of such investments. The Adviser may serve as the investment adviser or general partner to the Funds in order to provide such services. The Adviser provides investment supervisory services to each Fund in accordance with the limited partnership agreement (or analogous organizational document) of such Fund and/or separate investment and advisory, investment management or portfolio management agreements (each, an “Advisory Agreement”). Investment advice is provided directly to the Funds, subject to the discretion and control of the applicable general partner, and not individually to the investors in the Funds. Services are provided to the Funds in accordance with the Advisory Agreements with the Funds and/or organizational documents of the applicable Fund (such documents collectively with the offering documents and any side letters, a Fund’s “Organizational Documents”). Investment restrictions for the Funds, if any, are generally established in the limited partnership agreement (or analogous organizational document) of the applicable Fund. The principal owner of Accolade Capital Management LLC is Joelle Kayden. The Adviser has been in business since 2000. As of September 30, 2023, the Adviser manages a total of $6,307,598,942 of client assets, all of which is managed on a discretionary basis.