ADVISORY BUSINESS A. General Description of Advisory Firm. 1. Two Creeks Capital Management, LP Two Creeks Capital Management, LP (the "Investment Adviser," "we," and "us"), is a Delaware limited partnership that was formed in 2014. We have one office, which is located in New York, NY. We are controlled by our principal owner, Ryan Pedlow (the "Principal Owner"), who is a limited partner of the Investment Adviser and also acts as the managing member of our general partner, Two Creeks GP, LLC, a Delaware limited liability company and our general partner (the "Investment Adviser General Partner"). The Investment Adviser General Partner has ultimate responsibility for our management, operations and investment decisions. 2. Two Creeks Advisors, LLC Our registration on Form ADV also covers Two Creeks Advisors, LLC (the "Fund General Partner"), a limited liability company organized under the laws of the state of Delaware. The Fund General Partner is an affiliate of the Investment Adviser and it serves or may serve as (i) the general partner of pooled investment vehicles that are U.S. partnerships and (ii) the manager of one or more "intermediate funds" and "master funds", subject to the policies and control of the board of directors of the applicable intermediate fund or master fund. The Fund General Partner's facilities and personnel are provided by the Investment Adviser. The Principal Owner is the principal owner and the managing member of, and controls, the Fund General Partner. B. Description of Advisory Services. 1. Advisory Services. We serve as the investment adviser, with discretionary trading authority, to private pooled investment vehicles, the securities of which are offered to investors on a private placement basis (each, a "Fund" and collectively, the "Funds"). The Funds include: (1) Two Creeks Capital Partners LP, a Delaware limited partnership (the "Two Creeks Domestic Fund"); (2) Two Creeks Capital Offshore Fund, Ltd., a Cayman Islands exempted company (the "Two Creeks Offshore Fund", and together with the Two Creeks Domestic Fund, the "Two Creeks Feeder Funds"); DOC ID - 40090907.2 2 (3) Two Creeks Capital Intermediate Fund, Ltd., a Cayman Islands exempted company (the "Two Creeks Intermediate Fund"), into which the Two Creeks Offshore Fund invests substantially all of its assets; (4) Two Creeks Capital Master Fund, Ltd., a Cayman Islands exempted company (the "Two Creeks Master Fund", and together with the Two Creeks Intermediate Fund and Two Creeks Feeder Funds, the "Two Creeks Funds"), which serves as the master fund into which the Two Creeks Domestic Fund and the Two Creeks Intermediate Fund invest substantially all of their assets; (5) Big Creek Capital Partners LP, a Delaware limited partnership (the "Big Creek Domestic Fund"); (6) Big Creek Capital Offshore Fund, Ltd., a Cayman Islands exempted company (the "Big Creek Offshore Fund", and together with the Big Creek Domestic Fund, the "Big Creek Feeder Funds"); (7) Big Creek Capital Master Fund, Ltd., a Cayman Islands exempted company (the "Big Creek Master Fund", and together with the Big Creek Feeder Funds, the "Big Creek Funds"), which serves as the master fund into which the Big Creek Feeder Funds invest all of their investable assets; (8) Long Creek Capital Partners LP, a Delaware limited partnership (the "Long Creek Domestic Fund"); (9) Long Creek Capital Offshore Fund, Ltd., a Cayman Islands exempted company (the "Long Creek Offshore Fund", and together with the Long Creek Domestic Fund, the "Long Creek Feeder Funds"); and (10) Long Creek Capital Master Fund, Ltd., a Cayman Islands exempted company (the "Long Creek Master Fund", and together with the Long Creek Feeder Funds, the "Long Creek Funds"), which serves as the master fund into which the Long Creek Feeder Funds invest all of their investable assets. The Fund General Partner serves as the general partner of the Two Creeks Domestic Fund, the Big Creek Domestic Fund and the Long Creek Domestic Fund and as the manager of the Two Creeks Intermediate Fund, the Big Creek Master Fund and the Long Creek Master Fund. As used herein, the term "client" generally refers to each Fund. This Brochure generally includes information about us and our relationships with our clients and affiliates. While much of this Brochure applies to all such clients and affiliates, certain information included herein applies to specific clients or affiliates only. This Brochure does not constitute

an offer to sell or solicitation of an offer to buy any securities. The securities of the Funds are offered and sold on a private placement basis under exemptions promulgated under the Securities Act of 1933 and other applicable state, federal or non-U.S. laws. DOC ID - 40090907.2 3 Significant suitability requirements apply to prospective investors in the Funds, including requirements that they be "accredited investors" as defined in Regulation D, "qualified purchasers" as defined in the Investment Company Act of 1940, or non-"U.S. Persons" as defined in Regulation S. Persons reviewing this Brochure should not construe this as an offer to sell or a solicitation of an offer to buy the securities of any of the Funds described herein. Any such offer or solicitation will be made only by means of a confidential private placement memorandum. 2. Investment Strategies and Types of Investments. Our objective is to generate repeatable, superior, and risk-adjusted returns for the Funds measured over multiple years. We will cause the Funds to primarily invest their capital globally in publicly-traded equities and equity-related securities; however, we continually seek the best risk-adjusted opportunities for the Funds, and may occasionally cause the Funds to invest in fixed income products, derivatives, commodities or currencies, as well as any other financial instruments as we deem appropriate (subject to each Fund's governing documents and offering memoranda). We seek to accomplish the Funds' investment objectives by investing primarily in equity (including "new issues") and equity-related securities (e.g., common and preferred stock, options, warrants and other derivatives) of companies across a diversified range of sectors. We may at times utilize equity index options and futures on the S&P, NASDAQ and other indices; however, our investment goal is to generate alpha through stock selection (long and short in respect of the Two Creeks Funds and long in respect of the Big Creek Funds and the Long Creek Funds). Our investment process utilizes a "bottom-up" stock selection process based on fundamental analysis. Our fundamental analysis is driven by experienced analysts, and investment decisions are based on in-depth fundamental research. Such bottom-up analysis is combined with a thematic or "top-down" view of opportunities across the various sectors and seeks to identify the best opportunities globally. The top-down view also focuses on the overall composition of the Funds in attempting to minimize areas where the Funds may have an unintended exposure in a particular sector, country or macro-economic variable such as interest rates or foreign exchange rates. The expected holding period of investments is typically measured in years, generally ranging from two to three years. The descriptions set forth in this Brochure of specific advisory services that we offer to our clients, and investment strategies pursued and investments made by us on behalf of our clients, should not be understood to limit in any way our investment activities. We may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, that we consider appropriate, subject to each client's investment objectives and guidelines. The investment strategies we pursue are speculative and entail substantial risks. Clients should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any client will be achieved. Please refer to each Fund's offering documents for a more detailed discussion of our investment strategy in respect of each Fund. DOC ID - 40090907.2 4 C. Availability of Customized Services for Individual Clients. Our investment decisions and advice with respect to each Fund will be subject to each Fund's investment objectives and guidelines, as set forth in its respective offering documents. D. Wrap Fee Programs. We do not currently participate in any Wrap Fee Programs. E. Assets Under Management. We manage, on a discretionary basis, approximately $2,341,326,683 of total regulatory assets under management determined as of December 31, 2023. This calculation is based on the aggregate asset value of our various client accounts, and is consistent with the "regulatory assets under management" that we reported in Item 5.F of Part 1A. We do not manage any assets on a non-discretionary basis.