The Adviser, a Delaware limited partnership and a registered investment adviser, and its affiliated investment advisers provide investment advisory services to investment funds privately offered to qualified investors in the United States and elsewhere. The Adviser commenced operations in 2014. The Adviser’s clients include the following as shown below. Each is referred to herein as a “Fund” and, collectively, together with any future private investment funds to which the Adviser and/or its affiliates provide investment advisory services, the “Funds”). The Funds are listed below and are categorized as follows: “Equity Funds” (which include the “Co- Investment Funds” as a sub-category therein) and the “Structured Solutions Fund.” EQUITY FUNDS Abbreviation General Partner AE-GJC Funding, LP AE-GJC Fund AE-GJC Co-Invest Funding GP, LLC AE Industrial Partners Fund I, LP AE Fund I AE Industrial Partners Fund I GP, LP AE Industrial Partners Fund I-A, LP AE Fund I-A AE Industrial Partners Fund I GP, LP AE Industrial Partners Fund I-B, LP AE Fund I-B AE Industrial Partners Fund I GP, LP “Fund I” means AE Fund I, AE Fund I-A, and AE Fund I-B AE Industrial Partners Fund I GP, LP AE Industrial Partners Fund II, L.P. AE Fund II AE Industrial Partners Fund II GP, LP AE Industrial Partners Fund II-A, L.P. AE Fund II-A AE Industrial Partners Fund II GP, LP AE Industrial Partners Fund II-B, L.P. AE Fund II-B AE Industrial Partners Fund II GP, LP AE Industrial Partners Fund II OUS AIV, LP OUS AIV AE Industrial Partners Fund II GP, LP AE Industrial Partners Fund II US AIV, LP US AIV AE Industrial Partners Fund II GP, LP “Fund II” means AE Fund II, AE Fund II-A, AE Fund II-B, OUS AIV and US AIV AE Industrial Partners Fund II GP, LP AE Industrial Partners Fund III, LP (“AE Fund III, LP”) AE Fund III AE Industrial Partners Fund III GP, LP AE Industrial Partners Fund III-A, LP (“AE Fund III-A, LP”) AE Fund III-A AE Industrial Partners Fund III GP, LP “Fund III” means AE Fund III and AE Fund III-A AE Industrial Partners Fund III GP, LP AE HorizonX Venture Fund I, LP HorizonX Fund I AE Industrial HorizonX Venture Fund I, GP, LP AE HorizonX Venture Fund II, LP HorizonX Fund II AE Industrial HorizonX Venture Fund II, GP, LP “Horizon X Funds” means HorizonX Fund I and Horizon X Fund II AE Industrial Partners Aerospace Opportunities, LP - Series A Opportunities Fund AE Industrial Partners Aerospace Opportunities Series A GP, LP AE Industrial Partners Aerospace Leasing Fund II, LP Leasing Fund II AE Industrial Partners Aerospace Leasing Fund II GP, LP AE Industrial Partners Aerospace Leasing Fund II-A, LP Leasing Fund II-A AE Industrial Partners Aerospace Leasing Fund II GP, LP “Leasing Funds” means the Opportunities Fund, Leasing Fund II and Leasing Fund II-A AE Industrial Partners Extended Value Fund, LP Extended Value Fund AE Industrial Partners Extended Value GP, LP AE Industrial Investments Aggregator, LP – Series 1 Aggregator Fund – Series 1 AE Industrial Investments Aggregator GP, LP AE Industrial Investments Aggregator, LP – Series 2 Aggregator Fund – Series 2 AE Industrial Investments Aggregator GP, LP “Aggregator Fund” means Aggregator Fund – Series 1 and Aggregator Fund - Series Each general partner above (each, a “General Partner,” and collectively, together with any future affiliated general partner entities, the “General Partners” and, together with the Adviser, “AE Industrial”) is subject to the Advisers Act pursuant to the Adviser’s registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partners, which operate as a single advisory business together with the Adviser. The Adviser specializes in investing in middle market companies in the aerospace, defense and government services, space, power and utility services and specialty industrial markets (the “Target Markets”). The Funds pursue various investment strategies within the Target Markets, summarized as follows: CO-INVESTMENT FUNDS Collectively, the “Co-Investment Funds” General Partner Distribution AE Co-Investment Partners, LP Kellstrom Co-Investment Partners, LP Moeller AE Co-Investment Partners, LP AE Industrial Partners Fund I GP, LP Enercon AE Co-Investment Partners, LP Stepstone CH Co-Investor Fund, LP Sunrise AE Co-Investment Partners, LP HW AE Co-Investment Partners,

LP AE Industrial Partners Fund II GP, LP AE Co-Investment Partners Fund III-Y AE Industrial Partners Fund III GP, LP AE Industrial HorizonX Venture Co-Investment Fund I, LP AE Industrial HorizonX Venture Fund I GP, LP CH 234 Leasing LLC AE Industrial Partners Aerospace Opportunities, LP (Managing Member) STRUCTURED SOLUTIONS FUND Abbreviation General Partner AE Industrial Partners Structured Solutions I, L.P. Structured Solutions Fund I AE Industrial Partners Structured Solutions I GP, LP
• The Equity Funds primarily focus on making control-oriented buyout investments in Target Market businesses.
• The HorizonX Funds invest in early-stage businesses with strong technology and perceived growth potential. They are considered “Equity Funds” and primarily focus on making investments in companies with a broad set of unique technologies in the areas of mobility, sustainability, space & connectivity, industrial technology, and enterprise digital solutions.
• The Leasing Funds are considered “Equity Funds” and primarily focus on making investments in the following asset classes in the Target Markets: (i) whole commercial aircraft leases, (ii) commercial aircraft engine lease pools, (iii) general aviation whole aircraft leases, (iv) structured credit solutions and (v) equity co-investments alongside other Funds managed by AE Industrial.
• Structured Solutions Fund I seeks to offer financing solutions and make non- control investments in a diversified portfolio of instruments (including, without limitation, minority common and preferred equity, second lien and subordinated debt with an equity component and other structured investments in middle market companies in the Target Markets) typically in situations where AE Industrial has determined a control-oriented equity investment is not an option. AE Industrial’s investment advisory services to the Funds primarily consist of identifying and evaluating investment opportunities in companies operating in the Target Markets (herein referred to as “portfolio companies”), negotiating the terms of investments, managing and monitoring investments, and achieving dispositions for such investments. Although investments are made predominantly in non- public companies, investments in public companies are permitted. When the Equity Funds make in investment in a portfolio company, the senior principals or other personnel of AE Industrial will serve on the portfolio company’s board of directors and/or otherwise will act to influence control over management of the portfolio company in which the Equity Funds have invested. AE Industrial’s advisory services to the Funds are detailed in the applicable private placement memoranda or other offering documents (each, a “Memorandum”), limited partnership or other operating agreements or governing documents 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 Funds (generally referred to herein as “investors” or “limited partners”) participate in the overall investment program for the applicable 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; such arrangements generally do not and will not create an adviser relationship between AE Industrial and any investor. The Funds or the General Partners generally enter into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights under, or altering or supplementing the terms (including economic or other terms) of, the Governing Documents with respect to such investors. Additionally, as permitted by the relevant Governing Documents, AE Industrial provides investment or co-investment opportunities (including the opportunity to participate in co- investment vehicles) to certain investors or other persons, including other sponsors, market participants, finders, consultants and other service providers, portfolio company management or personnel, AE Industrial personnel and/or certain other persons associated with AE Industrial and/or its affiliates. At the present time, AE Industrial advises the Co-Investment Funds detailed above, and in the future reserves the right to advise additional co-investment vehicles. Such co-investments typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms as the Fund making the investment. As of December 31, 2023, AE Industrial managed approximately $6,233,372,296 in client assets on a discretionary basis. AE Industrial is controlled by its founding partners, Michael Greene and David H. Rowe.