Prospect Partners Advisors, L.L.C. (“Prospect Partners” or “Prospect”), the registered investment adviser, is a Delaware limited liability company. Prospect Partners commenced operations in November 2021. The following general partner entities are affiliated with Prospect Partners:  Prospect Partners Management Group II, L.P.  Prospect Partners CV Management Group, L.P. (each, a “General Partner,” and together with Prospect Partners and their affiliated entities, “Prospect”) Each General Partner is subject to the Advisers Act pursuant to Prospect Partners’ registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partners, which operate as a single advisory business together with Prospect Partners. Prospect provides discretionary investment advisory services to their clients, which consist of private investment-related funds. Prospect’s clients include the following (each, a “Fund,” and together with any future private investment fund to which Prospect and/or its affiliates provide investment advisory services, “Funds”):  Prospect Partners II, L.P. (“Fund II”)  PP III Continuation Fund, L.P. (“Continuation Fund”) Interests in the Funds are privately offered to qualified investors in the United States and elsewhere. The Funds are private equity funds and invest through negotiated transactions in operating companies, generally referred to herein as “portfolio companies.” Prospect’s investment advisory services to Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and ultimately selling such investments. Investments are made

predominantly in non-public companies, although investments in public companies are permitted in certain instances. From time to time, where such investments consist of portfolio companies, the senior principals or other personnel of Prospect serve on such portfolio companies’ respective boards of directors or otherwise act to influence control over management of portfolio companies held by Funds. Prospect’s advisory services to each Fund are detailed in the applicable offering memorandum (each, a “Memorandum”) and limited partnership agreements of the Funds (each, a “Limited Partnership Agreement” and together with the Memorandum, the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in Funds participate in the overall investment program for the applicable Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other agreed-upon circumstances pursuant to the Governing Documents; for the avoidance of doubt, such arrangements generally do not and will not create an adviser-client relationship between Prospect and any investor. The Funds or Prospect reserve the right to enter into side letters or similar agreements with certain investors that have the effect of establishing rights under, or altering or supplementing a Fund’s Limited Partnership Agreement, including provisions relating to the Management Fee (as defined below) and distributions. As of December 31, 2023, Prospect managed approximately $301,800,000 in client assets on a discretionary basis. Prospect Partners is principally owned and controlled by Erik Maurer, Brett Holcomb and Brad O’Dell.