Capital Dynamics Inc., a Delaware corporation, commenced operations in 2002, and registered as an investment adviser with the SEC in 2008. We maintain our principal place of business in New York, NY, with an office in San Francisco, CA. Capital Dynamics is wholly-owned by Capital Dynamics US, Inc., whose sole parent is Capital Dynamics Holding AG, which is domiciled in Zug, Switzerland (“Capital Dynamics Holding”). Capital Dynamics Holding serves as the parent company for several operating subsidiaries, with offices worldwide, including Birmingham (UK), Israel, London, Luxembourg, Milan, Munich, Paris, Seoul, Tokyo, and Zug, in addition to our US offices. Capital Dynamics Holding, together with all affiliates, is referred to as “Capital Dynamics Group”. Capital Dynamics provides investment management services to its clients, including discretionary management, non- discretionary advisory services and portfolio services. Our clients consist of privately-offered pooled investment vehicles (collectively referred to as “CD Funds”), separate accounts, single investor vehicles and advisory arrangements (collectively referred to as “Investment Mandates” and, together with CD Funds, “CD Advisory Clients”) and institutional investors seeking customized portfolio services (collectively referred to as “Portfolio Servicing Clients” and, together with CD Advisory Clients, “CD Products and Services”). Capital Dynamics acts as investment adviser to CD Advisory Clients, and its affiliates serve as managing members or general partners (as applicable) to CD Funds (such affiliated entities referred to as “General Partner”). Our global investment platform has a dual focus on mid-market investing and energy infrastructure investing. Our mid- market investing business comprises

Private Equity and Private Credit investment strategies, while our energy infrastructure investing business comprises Clean Energy Infrastructure investment strategies. Within the Private Equity program, we offer primary fund-of-funds, secondary and direct co-investment opportunities, as well as regionally tailored strategies and funds. Our Private Credit program invests in directly-originated loans to middle market, private equity-owned or controlled companies. Our Clean Energy Infrastructure program invests directly in commercial and utility-scale, clean and low-carbon power generation assets and related infrastructure. Within each of these strategies, we offer our clients a broad range of advisory services, including: - constructing individualized investment programs; - identifying and analyzing specific investment opportunities; - making discretionary investment decisions; - providing investment advice for non-discretionary mandates; - conducting due diligence on and structuring/negotiating portfolio investments; - arranging borrowings, and various other forms of financings; - managing and monitoring investments; - advising as to opportunities to dispose of investments and managing realizations of investments; - performing portfolio risk analysis and portfolio assessment; - appointing and monitoring third party service providers; - providing bespoke structured solutions; and - arranging or providing other portfolio services. Assets under Management As of December 31, 2023, Capital Dynamics had approximately $2,581,086,374 of discretionary regulatory assets under management and approximately $251,621,961 of non-discretionary regulatory assets under management. 6 | Form ADV Part 2A Brochure | Capital Dynamics, Inc. | |