50 South Capital Advisors, LLC (“50 South”) is a Delaware limited liability company and is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). 50 South was formerly the Alternative Investment Group of Northern Trust Investments, Inc. (“NTI”), a registered investment adviser since 1988. 50 South was formed in January 2015 and is a wholly owned subsidiary of Northern Trust Corporation (“NTC”), a financial holding company and publicly held company. 50 South is registered with the U.S. Commodities and Futures Trading Commission (“CFTC”) as a Commodity Pool Operator (“CPO”) and a Commodity Trading Advisor (“CTA”) and is designated as a swap firm. 50 South is an alternatives asset management firm designed to meet the core strategic needs of investors seeking access to global alternative investments. Its highly experienced team works closely with a wide range of investors to fulfill specific investment objectives and create lasting relationships. The 50 South investment philosophy focuses on providing valued access to managers with differentiated sources of return. 50 South offers investment advisory services to U.S. and non-U.S. investors seeking multi- manager alternative solutions through various products, including registered and unregistered single investor and commingled investment fund of funds (collectively “50 South Funds” or the “Funds”) and services on a non-discretionary basis (collectively, the “Advisory Accounts”). The following is a description of the investment advisory services offered: Hedge Funds: 50 South provides discretionary investment advisory services to hedge fund of funds (the “50 South Hedge Funds”). The 50 South Hedge Funds invest in various third-party hedge Sub-Funds (together with the private equity sub-funds, “Sub-Funds”) selected by 50 South that invest directly in securities and financial instruments. Private Equity Funds: 50 South provides discretionary investment advisory services and serves as general partner and/or investment adviser to private equity fund of funds and direct co- investment funds (collectively, the “50 South Private Equity Funds”). The 50 South Private Equity Funds primarily invest in various third-party private equity Sub-Funds selected by 50 South that invest directly in one or more portfolio companies. The 50 South Private Equity Funds also invest directly into portfolio companies. The 50 South Funds are either exempt from registration as investment companies in reliance on Sections 3(c)(1) and 3(c)(7) of the Investment Company Act of 1940, as amended (the “1940 Act”) or are “closed-end” registered investment companies under the 1940 Act and Subchapter M of the U.S. Internal Revenue Code of 1986, as amended. The 50 South Funds are available to U.S. taxable and tax-exempt “accredited investors” as defined in Regulation D promulgated under the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the “Securities Act”), “qualified clients” (within the meaning of the Advisers Act and/or “qualified purchasers” (as such term is defined in Section 2(a)(51) of the 1940 Act)), as well as to non-U.S. persons. The 50 South Funds have different features, which include varying levels of fees, investment objectives and guidelines, business terms, dividend payments, investment minimums, investor qualification standards and liquidity terms. The 50 South Funds offer a combination of risk- adjusted return profiles and diversification. Customized Single-Investor Funds: 50 South provides advisory services to customized

single- investor funds. 50 South offers these funds to clients seeking a customized mandate, control over structure and/or involvement in the investment process. 50 South collaborates with clients to design and implement the customized fund tailored to their needs. Advisory Accounts: 50 South provides non-discretionary investment advice, recommendations and custom investment solutions to foreign or U.S. persons, institutions, corporations, unincorporated entities, foundations, endowments, public funds, Keoghs or pension or retirement plan investors on a broad range of hedge and private equity strategies. These strategies include (but are not limited to) long-only equity, long-only fixed income, global macro, directional, event driven, private equity (buyout, venture capital, secondary, private credit) and real assets. Advisory/Consulting Services: 50 South is permitted to provide non-discretionary advisory/consulting services to clients and 50 South affiliates in connection with hedge fund and private equity fund investments. Advisory/consulting services performed by 50 South includes, but is not limited to: defining the goals and objectives of a specific asset class allocation; providing specific market insight and data; assisting in sourcing investment opportunities; advising on any follow-on commitments or dispositions of existing private fund investments; and providing general guidance on selection, execution and exit of a specific asset class allocation. General Partner: The following general partner entities are affiliated with 50 South (each, a “General Partner”):
• 1818 Co-Investment Fund GP, L.P.
• 1889 Growth Fund GP, L.P.
• Direct Co-Investment Fund GP, L.P.
• 50 South Capital (Cayman) GP, L.P.
• Private Equity Core Fund X GP, L.P.
• Private Equity Core Fund XI GP, L.P.
• Diversified G.P.
• Global Venture Capital Opportunities II GP, L.P.
• PESOF V GP, L.P.
• Distressed Credit Opportunities Fund GP, L.P. Clients are able to provide guidelines and impose restrictions on their Advisory Accounts. 50 South tailors investment advice and recommendations to clients in Advisory Accounts based upon the guidelines and restrictions the client may have imposed for the account. The commingled 50 South Funds have set investment objectives and investment guidelines and such investments are not tailored to the needs of individual investors. 50 South’s advisory services to the 50 South Funds are detailed in the relevant private placement memoranda or other offering documents (each, a “Memorandum”), investment management agreements, limited partnership or other operating agreements of the Funds (each, a “Partnership Agreement” and, together with any relevant Memorandum, the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the 50 South Funds (generally referred to herein as “investors” or “limited partners”) participate in the overall investment program for the applicable 50 South Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other agreed- upon circumstances pursuant to the Governing Documents; for the avoidance of doubt, such arrangements generally do not and will not create an adviser-client relationship between 50 South and any investor. 50 South currently does not provide investment advisory services to wrap fee programs. As of December 31, 2023, 50 South had net assets under management1 of approximately $11,130,150,292 on a discretionary basis and $0 on a non-discretionary basis.