Glendower Capital (U.S.), LLC (“Glendower-US”) is a Delaware limited liability company formed in July 2015. Glendower-US began providing investment advisory services in August 2017. Glendower-US is wholly-owned by Glendower Capital (U.S.), LP which, in turn, is an indirect subsidiary of CVC Management Holdings Limited. Advice provided by Glendower-US generally relates to private pooled investment vehicles and funds-of-one (“Funds”). Glendower Capital, LLP (“Glendower-UK,” and, together with Glendower-US, “Glendower”), an affiliate of Glendower-US that has its principal place of business in the United Kingdom, (a) provides investment advisory services to DWS Alternatives Global Limited (“DWS”) in respect of certain Funds managed by DWS (each, a “DB Fund” and, together, the “DB Funds”) and (b) serves as investment manager or adviser to certain Funds (each, a “Glendower Fund” and, together, the “Glendower Funds”). Glendower-US, pursuant to an advisory agreement with Glendower-UK, provides Glendower-UK with investment advisory, due diligence and other administrative services in connection with Glendower-UK’s investment management and advisory activities. Additionally, as of the date of this Brochure, Glendower-US provides advisory services directly to one Fund and could provide such services to other Funds in the future, including collaboratively with Glendower-UK. Glendower-US tailors its investment advice in respect of each Fund in accordance with that Fund’s investment objectives and strategy as set forth in each Fund’s Governing Documents (as defined below). The Funds are privately offered pooled investment vehicles, are subject to the relevant Fund’s Governing Documents (as defined below) and having a general partner or equivalent (each a “General Partner”). The Funds are not registered under the Investment Company Act of 1940, as amended (the “Company Act”), and the securities of the Funds are not registered under the Securities Act of 1933, as amended (the “Securities Act”). The majority of the Glendower Funds have been established as “alternative investment funds” within the meaning of the European Union’s Alternative Investment Fund Managers Directive (2011/61/EU) (together with the equivalent UK legislation, the “AIFM Directive”). Each Fund is governed by a limited partnership agreement

(or the equivalent thereof) (“Governing Documents”) that specifies the specific investment guidelines and investment restrictions applicable to the Fund. The confidential private placement memorandum or confidential disclosure memorandum, as the case may be, of each Fund (each, a “Private Placement Memorandum”) contains information regarding the intended investment program for such Fund, including its investment objective and strategy. In respect of the DB Funds, the General Partners are not affiliates of Glendower-UK or Glendower-US. Neither Glendower-UK nor Glendower-US has been delegated any management authority over the business and affairs, including investment decisions of, the DB Funds. The General Partners of the Glendower Funds (together, the “Glendower General Partners”) are under common control with Glendower-US. In respect of each Glendower Fund, Glendower-UK has established an investment committee (each, an “Investment Committee”). Except where Glendower-US advises a Fund directly, each Fund’s Investment Committee is a formal committee of Glendower-UK and the voting members of each Investment Committee are partners and employees of Glendower Glendower-UK or Glendower-US. For such Investment Committees, the majority of the voting members are partners and employees of Glendower-UK and, therefore, the partners and employees of Glendower-US do not constitute a majority of any such Investment Committee and investment authority for each such Glendower Fund resides with Glendower- UK, subject to the oversight of the Glendower General Partner (as provided in such Glendower Fund’s Governing Documents), and investment authority is exercised outside the United States of America. Where Glendower-US advises a Fund directly, an Investment Committee will generally be established as a formal committee of Glendower-US and a majority, or all, of its members will be partners and employees of Glendower-US. Additionally, for such Funds, investment authority will generally reside with Glendower- US, subject to the oversight of the Fund’s General Partner (as provided in such Fund’s Governing Documents), which will not necessarily be an affiliate of Glendower. As of December 31, 2023, Glendower-US manages $15,647,433,25 of client assets, all on a non-discretionary basis.