Formed in 2009, Estancia Capital Management, LLC (alternatively “Estancia” or “Advisor”) is organized as a limited liability company under the laws of the State of Arizona. Estancia is beneficially owned by Michael C. Mendez, Takashi B. Moriuchi, Danny Kang and Darrin C. Jeffries (each, a “Managing Director” and, collectively, the “Managing Directors”). Estancia serves as an investment manager and provides discretionary advisory services to private investment partnerships, Estancia Capital Partners, LP (“Fund I”) and Estancia Capital Partners Fund II, LP (“Fund II”), Estancia Capital Partners Fund III, LP (“Fund III”) and Estancia Capital Partners Fund IIIA (“Fund III-A”) (collectively, “the Funds”). Estancia GP, LLC serves as Fund I’s general partner (“General Partner I”); Estancia GP II, LP serves as Fund II’s General Partner (“General Partner II”); Estancia GP III, LP serves as Fund III and Fund III-A’s General Partner (General Partner III) (collectively, the “General Partners”). The General Partners are controlled by their managing member, Estancia Managing Directors, LLC for General Partner I and Estancia GP II, LLC for General Partner II (collectively, “the Managing Member”), which itself is controlled by a board comprised of Messrs. Mendez, Moriuchi and Kang. The General Partners delegate management of the day-to-day affairs of the Funds to Estancia Capital Management, LLC, the investment adviser. Unless and only to the extent that the context otherwise requires, references to Estancia include the Advisor, the General Partners and the Managing Member. The Funds were established for the purpose of making equity investments in businesses that manage assets on behalf of their clients or in businesses that provide asset management related business services (each, a “Portfolio Company” and, collectively, the “Portfolio Companies”). Estancia’s investment advice is generally limited to these types of Portfolio Company investments. In

providing services to the Funds, Estancia executes on each Fund’s investment objectives, directs and manages the investment and reinvestment of that Fund’s assets, and provides periodic reports to investors. Investment advice is provided directly to each Fund and not individually to the limited partners of either Fund (the “Investors” or “Limited Partners”). Estancia manages the assets of each Fund in accordance with the terms of that Fund’s Limited Partnership Agreement as may be amended from time to time (“LPA”), and other governing documents applicable to that Fund (collectively, the “Governing Fund Documents”). All terms were generally established at the time of the formation of a Fund and are only terminable once the applicable Fund is dissolved, wound up, and terminated. Individual Investors may not restrict investments by a Fund in any capacity, and except in limited circumstances, Limited Partners are not permitted to withdraw from a Fund prior to that Fund’s dissolution. However, a Fund may enter into separate agreements, commonly referred to as “side letters,” or other similar agreements with a particular Limited Partner in connection with its admission to that Fund, which could have the effect of establishing rights under or supplementing the terms of that Fund’s LPA with respect to such Limited Partner in a manner more favorable to such Limited Partner than those applicable to other Limited Partners. Limited partnership interests in both Funds are offered pursuant to exemptions under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and neither Fund is registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”). Accordingly, interests or shares in each Fund are offered and sold exclusively to investors satisfying the applicable eligibility and suitability requirements. As of December 31, 2023, Estancia managed $610,599,503 of Regulatory discretionary assets on behalf of the Funds. Estancia does not manage any assets on a non-discretionary basis.