Periscope Equity LLC (together with its fund general partners (unless otherwise specified), “Periscope” or the “Firm”), a Delaware limited liability company, is a private equity firm based in Chicago. Founded in 2012 to invest in lower middle-market technology-enabled service and software companies, Periscope seeks to leverage data and technology to accelerate the services economy. Periscope serves as the investment adviser for, and provides discretionary investment advisory services to, private funds as well as to co-investment special purpose funds established to invest alongside a fund in a single portfolio company (the “Co-Investment Funds” and collectively with the private funds, the “Funds” unless the context otherwise requires). In certain circumstances, as more fully described in Item 7 below, the Firm also permits certain investors and third parties to co-invest alongside a Fund directly into a portfolio company. Unlike the Co-Investment Funds mentioned above, such direct co-investments are not considered Funds or clients of Periscope. Each Fund is affiliated with a general partner (“General Partner”) with authority to make investment decisions on behalf of the Funds. These General Partners are deemed registered under the Investment Advisers Act of 1940, as amended, and the rules and regulations promulgated thereunder (“Advisers Act”), pursuant to Periscope’s registration in accordance with SEC guidance. The applicable General Partner of each Fund retains investment discretion and investors in the Funds do not participate in the control or management of the Funds. While the General Partners maintain ultimate authority over the respective Funds, Periscope has been designated the role of investment adviser. For more information about the Funds and General Partners, please see Periscope’s Form ADV Part 1, Schedule D, Section 7.A. and Section 7.B.(1). Periscope provides investment advisory services as a private equity fund manager to its Funds. The Funds invest through privately negotiated transactions in operating companies, generally referred to as “portfolio companies.” Each portfolio company has its own independent management team responsible for managing its day-to-day operations, although (i) members of Periscope or representatives appointed by the Firm are expected to serve on the boards of, or otherwise act to influence control of the management of, such portfolio companies and will therefore have a significant impact on the long-term direction of the company, including the selection of management team members and (ii) in some cases, Periscope will more directly influence the day-to-day management of a portfolio company by recruiting and installing certain individuals in various leadership roles, such as chief executive officer, chief operating officer, chief financial officer or in other roles. Periscope’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and achieving dispositions of such investments. Investments

are made predominantly in non-public companies, although investments in public companies are permitted in certain instances. Periscope’s investment advice and authority for each Fund is tailored to the investment objectives of that Fund; Periscope does not tailor its advisory services to the individual needs of investors in its Funds. The Fund investment objectives are described in and governed by, as applicable, the private placement memorandum, limited partnership agreement, subscription agreements, investment advisory agreements, side letter agreements and other governing documents of the relevant Fund (collectively, “Governing Documents”) and investors determine the suitability of an investment in a Fund based on, among other things, the Governing Documents. The Firm does not seek nor require investor approval regarding each investment decision. Fund investors generally cannot impose restrictions on investing in certain securities or types of securities, other than through side letter agreements. Investors in the Funds participate in the overall investment program for the applicable Fund and generally cannot be excused from a particular investment except pursuant to the terms of the applicable Governing Documents. In accordance with industry common practice, Periscope has entered into side letters with certain investors including those who make substantial commitments of capital or were early-stage investors in the Funds, or for other reasons in the sole discretion of Periscope in each case that have the effect of establishing rights under, or altering or supplementing, a Fund’s Governing Documents. Examples of side letters entered into include provisions whereby investors have expressed an interest in participating in co-investment opportunities (and for Fund I, certain co-investment rights for investors over a threshold commitment amount in the event co-investment was offered), certain fee arrangements, notification provisions, reporting requirements, advisory committee representation and “most favored nations” provisions, among others. These rights, benefits or privileges are not always made available to all investors, consistent with the Governing Documents and general market practice. Commencing in March 2025, Periscope will make required disclosure of certain side letters to all investors (and in certain cases, to prospective investors) in accordance with the new Private Fund Rule. Side letters are negotiated at the time of the relevant investor’s capital commitment, and once invested in a Fund, investors generally cannot impose additional investment guidelines or restrictions on such Fund. There can be no assurance that the side letter rights granted to one or more investors will not in certain cases disadvantage other investors. Periscope does not participate in wrap fee programs. Principal Owner Periscope is owned by Managing Partner Steven Jarmel. Regulatory Assets Under Management As of December 31, 2023, Periscope managed approximately $436,305,427 in Fund regulatory assets, all managed on a discretionary basis.