A. Description of the Advisory Firm NEXT Management Advisors, LLC (“NEXT Management” or the “Firm” or “NMA”), a Delaware limited liability company that was formed in 2022 and is owned by Alan Freudenstein and Greg Grimaldi. Freudenstein and Grimaldi are the primary portfolio managers of NEXT Management. NEXT Management is headquartered in New York, New York. Freudenstein and Grimaldi were previously employees of Credit Suisse Asset Management, LLC (“Credit Suisse” or “CSAM”) from 2013 and Credit Suisse AG since 2000. NEXT Management spun out as an independent entity on December 31, 2022 that continues to manage two existing privately pooled investment vehicles (and certain affiliated co-investment vehicles) that were previously managed by CSAM. B. Types of Advisory Services NEXT Management is a private equity firm that provides investment advisory services on a discretionary basis to privately-offered pooled investment vehicles, including special purpose vehicles and private equity funds that invest in private investments (collectively, the “Funds” and each a “Fund”). Additionally, NEXT Management manages co-investment vehicles. In the future, NEXT Management may sponsor additional funds, including feeder and parallel funds, co-investment vehicles and special purpose vehicles. Affiliates of NEXT Management serve as a managing member or general partner for the Funds (collectively, the “General Partners” and each a “General Partner”). While the General Partners retain management authority over the business and affairs, including investment decisions, of their respective Funds, NEXT Management has been delegated the role of investment adviser of such Funds. The General Partners are under common control with the Firm and, together

with NEXT Management, operate as part of a single advisory business and are subject to the Investment Advisers Act of 1940, as amended (the “Advisers Act”) pursuant to the Firm’s registration in accordance with SEC guidance. Please see Item 8.A. for additional information regarding the Firm’s investment strategy. C. Client Tailored Services and Client Imposed Restrictions NEXT Management’s investment management and advisory services to the Funds are provided pursuant to the terms of the applicable offering documents or governing documents (collectively, the “Governing Documents”), which set forth the Funds’ investment strategies and limitations on investments. Investors in the Funds (“Investors”) cannot obtain services tailored to their individual specific needs. At its discretion, NEXT Management or the respective General Partner may enter into one or more “side letters” or similar agreements with certain Investors pursuant to which NEXT Management or the respective General Partner, as applicable, grants to such Investor specific rights, benefits or privileges that are not made available to Investors generally. The Firm may, from time to time, permit one or more co-investors to invest alongside a Fund in amounts determined by the Firm. Such co- investors may invest on different terms from those applicable to Investors in the Fund including with respect to management fees and carried interest. References to the Firm’s Client or Clients herein mean each Fund and collectively, the Funds. D. Wrap Fee Programs NEXT Management does not participate in wrap fee programs. E. Amounts Under Management As of December 31, 2023, NEXT Management has approximately $372,278,808 of assets under management on a discretionary basis.