This brochure describes the advisory business of Victor Capital Partners Management Company, LP, a successor to Victor Capital Group, LLC (d/b/a Victor Capital Partners; collectively with its advisory affiliates, “Victor Capital” or the “Firm”). Victor Capital was founded in 2015 by Douglas R. Korn and operates out of its principal place of business in New York, New York. Victor Capital provides discretionary advisory services to private investment funds (each, a “Fund”; collectively the “Funds” or “Clients”). An affiliate of Victor Capital acts as the manager or general partner of each Fund (each a “Manager”; collectively with any other affiliated advisory entities of Victor Capital Partners Management Company, LP, the “Managers”). Victor Capital’s Funds include the following:  VP Audobon Management, LLC (“VP Audobon”);  VP Compliance Management, LLC (“VP Compliance”);  VP Insulate Management, LLC (“VP Insulate”);  VP Safety Management I LLC (“VP Safety I”);  VP Safety Management II LLC (“VP Safety II”; together with VP Safety I, “VP Safety”); and  VP Tender Management, LLC (“VP Tender”; collectively with VP Audubon, VP Compliance, VP Insulate and VP Safety, the “SPVs”). The following Managers are affiliated with Victor Capital Partners Management Company, LP:  VCG Audobon Manager, LLC (“Audobon Manager”);  VCG Compliance Manager, LLC (“Compliance Manager”);  VCG Insulate Manager, LLC (“Insulate Manager”);  VCG Safety Manager, LLC (“Safety Manager”);  VCG TPI Manager, LLC (“Tender Manager”; collectively with Audubon Manager, Compliance Manager, Insulate Manager and Safety Manager, the “SPV Managers”); and  Victor Capital Partners Fund II GP, LP (the “Fund II Manager”). The powers of each individual Fund and the business and affairs of each Fund will be managed under the direction of the respective Manager acting alone or under the direction of a board of managers. Victor Capital and the Managers (collectively referred to herein as “Victor Capital”) are principally owned by Mr. Korn. Victor Capital seeks to

provide private equity capital and resources to leading middle market businesses with differentiated brands in the specialty consumer, industrial technology, and business services sectors. The Firm uses its capital and resources to invest in and partner with companies that it believes have valuable brands and resilient business models that are capital efficient and have outsized growth potential. Victor Capital offers their portfolio companies tools and resources to help strengthen brands, develop innovative products and services, drive productivity, build on core competencies, and enhance growth through organic and M&A-related initiatives. The investments are in the form of long-term private equity interests that are typically held by special purpose vehicles that in turn are held by the respective Fund directly. The Firm’s advisory services to the Funds are further described In their respective governing documents and are also generally described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” The Funds and the Firm are permitted to enter into consulting arrangements, side letter arrangements or other similar agreements with investors. Victor Capital is likely to have its own economic and/or other business incentives to provide certain terms to certain limited partners (e.g., based on commitment amount to a Fund or the timing thereof, the ability of a limited partner to provide sourcing or other services to Victor Capital, its affiliates and personnel or the Funds, or the potential to establish, recognize, strengthen or cultivate relationships that have the potential to provide longer-term benefits to Victor Capital, its affiliates and personnel, or the Funds). For more information regarding provisions that allow an investor’s investment to be altered or varied in certain circumstances, please see Item 8. As of December 31, 2023, Victor Capital managed approximately $286,573,000 in Client assets, all managed on a discretionary basis. The Firm does not currently manage any non-discretionary assets.