General Description of Advisory Firm Topspin Management Company LBO, LLC, a Delaware limited liability company (“Topspin Management I”), was formed in 2007 to be the management company for Fund I (as defined below). Topspin Management Company II, LP (“Topspin Management II”) was formed in 2014 to be the management company for Topspin Consumer Partners I (as defined below) and Topspin Management Company III, LP (“Topspin Management III”) was formed in 2019 and is the management company for Topspin Consumer Partners II and Topspin Consumer Partners III (as defined below). Topspin Management I, Topspin Management II and Topspin Management III are: (i) under common control; (ii) generally operated as a single business; (iii) registered with the SEC as investment advisers in an “umbrella” registration in accordance with SEC guidance under the Advisers Act; and (iv) are referred to collectively herein as “we”, the “Firm” or “Topspin”. The principal owners of Topspin are Leigh Randall, Stephen Parks, Ojas Vahia and Leo A. Guthart (the “Principals”). Topspin provides investment management and administrative services to certain private investment funds generally organized in four parallel fund groups as follows:
• Topspin Partners LBO, LP, Topspin Offshore LBO, LP and Topspin Associates LBO, LP (Topspin Associates LBO, LP, together with Topspin Partners LBO, LP and Topspin Offshore LBO, LP, collectively “Fund I”), and Topspin Partners LBO GP, LLC, a Delaware limited liability company, acts as the general partner to Fund I.
• Topspin Partners II, LP, Topspin Partners II Offshore, LP and Topspin Associates II, LP (Topspin Associates II, LP, together with Topspin Partners II, LP and Topspin Partners II Offshore, LP, collectively, “Topspin Consumer Partners I”), and Topspin Partners II GP, LP, a Delaware limited partnership, acts as the general partner to Topspin Consumer Partners I.
• Topspin Partners III, LP, Topspin Partners III Offshore, LP and Topspin Associates III, LP (Topspin Associates III, LP, together with Topspin Partners III, LP and Topspin Partners III Offshore, LP, collectively, “Topspin Consumer Partners II”) is the follow- on fund to Topspin Consumer Partners I. Topspin Partners III GP, LP, a Delaware limited partnership, acts as the general partner to Topspin Consumer Partners II.
• Topspin Consumer Partners III, LP, Topspin Consumer Partners III Offshore, LP and Topspin Consumer Associates III, LP (Topspin Consumer Associates III, LP, together with Topspin Consumer Partners III, LP and Topspin Consumer Partners III Offshore, LP, collectively, “Topspin Consumer Partners III”) and Topspin Consumer Partners III GP, LP, a Delaware limited partnership, acts as the general partner to Topspin Consumer Partners III. Fund I, Topspin Consumer Partners I, Topspin Consumer Partners II and Topspin Consumer Partners III are each referred to herein as a “Fund,” and, collectively, the “Funds.” In addition, Topspin LBO SPV GP, LP, a Delaware limited partnership, acts as general partner of Topspin LBO SPV, LP, a Delaware limited partnership (the “SPV Fund”), which was formed to make follow-on investments in certain Fund I portfolio companies. Unless otherwise noted or indicated by the context, references throughout this Brochure to “Fund” or “Funds” are generally intended to include the SPV Fund. Each of the Fund I, Topspin Consumer Partners I, Topspin Consumer Partners II and

Topspin Consumer Partners III groups may also include additional parallel funds, which generally invest in assets side-by-side on a pro rata basis (based upon capital commitments made to each) with the applicable Fund group. Generally, such parallel funds are established to accommodate specific tax, legal or similar issues impacting certain types of investors. For the avoidance of doubt, each Fund group is a collection of parallel funds. Each parallel fund will invest in each portfolio company and bear expenses pro rata in proportion to such parallel fund’s aggregate commitments in the context of its Fund group. Where appropriate, references herein to a “Fund” and to a Fund’s “limited partners” respectively include all parallel funds in the applicable Fund group and their limited partners. Description of Advisory Services The Funds invest primarily in equity of small to middle-market buyouts and growth equity investments. Topspin provides investment management and administrative services only to the Funds. Topspin provides investment advice to each of the Funds in accordance with its particular investment objectives and not individually to Fund investors. Topspin does not offer customized services for the parallel funds within each Fund structure. Topspin’s investment advisory services to any Fund are tailored in accordance with such Fund’s investment strategy and parameters as set forth in the applicable private placement memorandum (or other applicable disclosure documents), partnership agreement (or similar agreement) and investment management agreement (collectively, the “Governing Documents”). These services generally include sourcing, evaluating, negotiating and overseeing investments, including monitoring the performance of portfolio companies and advising as to disposition opportunities. Where such investments consist of portfolio companies, the Principals or other personnel of Topspin or its affiliates generally serve on such portfolio companies’ respective boards of directors or otherwise act to influence management of portfolio companies held. As further discussed under Item 8 and Item 11, from time to time, the general partner of a Fund may offer certain investors or other persons the opportunity to co-invest. In the event that a general partner determines that a co-investment opportunity is available, the general partner will determine in its sole discretion the limited partners and/or other investors that will be offered an opportunity to participate. In choosing co-investors, which may include Fund limited partners or other investors, a Fund general partner will take into account, e.g., whether a potential co-investor provides the Fund with investment opportunities, operating capabilities or other strategic or competitive opportunities or advantages which may not otherwise be present. Such general partner will also determine, in its sole discretion, the amount that may be co-invested by each such co- investor. The terms of any co-investment will be as determined by the pertinent Fund general partner and any such participating co-investor. The Funds are currently deploying capital and therefore seek, evaluate and consummate new investments as well as look for appropriate opportunities to exit investments. Assets Under Management As of December 31, 2023, the Firm had approximately $ 457,020,732, in regulatory assets under discretionary management.