CSFC was formed in 2010 and became an SEC-registered investment adviser in 2012. Our principal place of business is in Nashville, TN. CSFC is wholly-owned by CapitalSpring Finance Company, LLC (“CapitalSpring”). Our predecessor company, CapitalSpring LLC (“CS LLC”), was formed in 2006 and its investing platform and employees were merged into CSFC at its formation in 2010. Since 2006, CapitalSpring, and its predecessor companies and their respective affiliates including CSFC, have made more than 275 senior debt, mezzanine capital and private equity investments in operators of franchised / multi-unit businesses. Collectively these entities have to date invested approximately $3.3 billion in over 9,100 locations across 87 brands. Richard Fitzgerald, who co-founded CapitalSpring, has over 25 years of experience in the direct private equity and debt business. Richard Fitzgerald and the other members of CSFC’s Investment Committee are responsible for the day-to-day management of the Funds (as defined below) and control the Funds’ investment, monitoring, portfolio valuation and exit decisions. (See Item 13, “Review of Accounts”). CSFC provides investment management services to private equity and debt funds, other pooled investment vehicles, single-investor funds and separately managed accounts (hereinafter collectively, “CapitalSpring Funds” or the “Funds”) for high net worth individuals, family offices and institutional clients, including but not limited to pension funds, foundations, endowments, insurance companies and asset managers. The CapitalSpring Funds, which are private equity and private debt funds, receive capital commitments from investors during one or more fundraising stages, after which the Funds are generally closed to new investors. Once an investment has been identified and vetted through a due diligence and negotiation process, CSFC will call capital from investors (a “drawdown”), generally based on their commitments, to support the Fund’s investment activity. Investments made for the CapitalSpring Funds are generally, but not exclusively, in private, illiquid securities. The Funds are not required to register under the Securities Act of 1933 or the Investment Company Act of 1940 in reliance upon certain exemptions available to issuers whose securities are not publicly offered. We manage the Funds on a discretionary basis in accordance with the terms and conditions of each Fund’s offering and/or organizational documents. CSFC specializes in managing investments in businesses in the franchised and branded restaurant industry. The earlier CapitalSpring Funds primarily invested in preferred equity to finance the development of new locations of single-unit and small multi-unit franchisees of smaller, less developed brands. The

more recent Funds seek to construct a diversified portfolio of senior secured debt, subordinated debt, unitranche investments, mezzanine/preferred capital, and, to a lesser extent, common equity investments in franchised/multi-unit businesses across a variety of industries, in particular the foodservice industry, and the ecosystem of suppliers and service providers that support them. The investment objective of the Funds is to seek current pay and long- term capital appreciation over the course of each Fund’s term, which is generally five to ten years from the final closing. Each of the Funds is organized in the State of Delaware or in the Cayman Islands. CSFC believes that it and its clients benefit from CSFC’s sector and transactional expertise, in- house strategic operations resources and 18+ year foundation of relationships, which provides competitive advantages including non-competitive deal flow, operational value-add for portfolio companies, and proprietary benchmarking and data analytics capabilities. Due to its focus on the franchised and branded restaurant industry, CSFC has developed expertise in identifying, structuring and monitoring investments in this sector. The current CapitalSpring Funds (excluding any separately managed accounts and single-investor vehicles) as of December 31, 2023 are:
• CSFC Financing I, LLC
• CSFC Financing II, LP (formerly known as CapitalSpring SBIC, LP)
• CapitalSpring Direct Lending Partners, LP
• CapitalSpring Direct Lending Partners US Parallel, LP
• CapitalSpring Direct Lending Partners US Parallel II, LP
• CapitalSpring Direct Lending Partners Parallel, LP
• CSDLP CIV, LP
• CapitalSpring Investment Partners V, LP
• CapitalSpring Investment Partners V Parallel II, LP
• CapitalSpring Investment Partners V Parallel III, LP
• CS Adjacent Investment Partners, LP
• CapitalSpring Investment Partners VI, LP
• CapitalSpring Investment Partners VI Parallel, LP
• CapitalSpring Investment Partners VI Parallel II, LP
• CapitalSpring SBIC II, LP As of December 31, 2023, CSFC had $2,524,505,483 in discretionary assets under management, including uncalled capital commitments by Fund investors. CSFC does not manage any assets on a non-discretionary basis. CSFC does not participate in wrap fee programs. IMPORTANT ADDITIONAL CONSIDERATIONS: The information provided herein merely summarizes the detailed information provided in each Fund’s offering and/or organizational documents. Current Fund investors or prospective investors in any new Fund launched by CSFC should be aware of the substantial risks associated with the investment as well as the terms applicable to such investment. This and other detailed information is provided in the appropriate Fund offering and/or organizational documents.