Declaration is organized as a Delaware limited partnership and was formed in 2017. Declaration is principally owned by Brian L. Frank (“BF”), who is a limited partner of Declaration and wholly owns and controls Declaration’s general partner, Declaration Partners GP LLC. Declaration is registered with the SEC as an investment adviser under the Advisers Act. Declaration (either directly or indirectly) serves as an investment adviser and provides discretionary investment management and advisory services to privately offered investment vehicles for which it acts as sponsor (each such fund, a “Fund,” and collectively, the “Funds”). Declaration does and expects to continue to direct one or more of a Fund’s investments, or certain (or all) of such Fund’s investors’ (each, a “Limited Partner,” and collectively, the “Limited Partners”) investment in such Fund, or participation in such Fund’s investments, through alternative investment vehicles (each, an “AIV,” and collectively, the “AIVs”) formed in connection with a specific investment, or a specific type of investment. For purposes of this Brochure, references to a “Fund” will include such Fund’s AIV(s), if any, but not any investors in such Fund or in such Fund’s AIV(s), if any. Each Fund has a special purpose vehicle designated as its general partner or managing member (other than the general partner or managing member of any of the Family Office Investments (as defined below), as applicable, individually or collectively, as the context may require, the “General Partner”). The General Partner for each Fund is affiliated with Declaration. Each General Partner is covered by Declaration’s registration as an investment adviser with the SEC and is deemed to be registered with the SEC. Additionally, Declaration does and expects to continue to direct one or more of its affiliates to serve as investment adviser to one or more Funds. Each such affiliated entity is subject to Declaration’s supervision and control for compliance purposes and is a “relying adviser” of Declaration. Unless and only to the extent that the context otherwise requires, references to “Declaration” will include such affiliated investment advisers and each General Partner. The investment management services provided by Declaration to the Funds do and may continue to include: (i) development and implementation of investment strategies, including asset allocation strategies; (ii) identification and sourcing of investment opportunities; (iii) analysis and assessment of investment opportunities; (iv) execution and acquisition of investments; (v) monitoring of investments; and (vi) disposition of investments. Declaration advises the Funds in accordance with the terms of the applicable Fund’s governing documents (the “Governing Documents”). All terms applicable to a Fund are generally established at or around the time

of the formation of such Fund and are only terminable as set forth in such Fund’s Governing Documents. The descriptions set forth in this Brochure of specific advisory services that Declaration offers to the Funds, and investment strategies pursued, and investments made by Declaration on behalf of the Funds, should not be understood to limit in any way Declaration’s investment activities. Declaration may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, that Declaration considers appropriate, subject, as applicable, to each Fund’s investment objectives and guidelines and as set forth in each Fund’s Governing Documents. All terms applicable to a Fund are generally established at or around the time of the formation of such Fund and are only terminable as set forth in such Fund’s Governing Documents. The descriptions set forth in this Brochure of specific advisory services that Declaration offers to the Funds, and investment strategies pursued, and investments made by Declaration on behalf of the Funds, should not be understood to limit in any way Declaration’s investment activities. Declaration may offer any advisory services, engage in any investment strategy, and make any investment, including any not described in this Brochure, that Declaration considers appropriate, subject to the Funds’ investment objectives and guidelines and as set forth in the applicable Funds’ Governing Documents. The Adviser’s advisory services to the Funds are further described below under Item 8 “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds participate in the overall investment program for the applicable Fund but may be excused from a particular investment due to legal, regulatory, tax or other agreed-upon circumstances pursuant to the relevant Governing Documents. The General Partner has entered into, and Declaration expects it to continue to enter into, side letters or other similar agreements (“Side Letters”) with certain investors in the Funds that have the effect of establishing different or preferential rights or terms, including but not limited to different Management Fee and Carried Interest (each, as defined below) calculations, information rights, co-investment rights, and liquidity or transfer rights under, or otherwise altering or supplementing the terms of, the relevant Governing Documents with respect to such investors. As described further in Item 11, the Adviser expects from time to time to provide co-investment opportunities to certain Fund investors or other parties. Declaration does not currently participate in any wrap fee programs. As of December 31, 2023, Declaration had regulatory assets under management of approximately $2,165,383,359 Billion.