Pantheon Ventures (US) LP (“Pantheon”) is a private markets manager that advises global primary funds, global secondary funds, global co-investments, global infrastructure, real assets, real estate and private debt/credit funds, multi-strategy funds, a fund for a collective investment trust, funds that are registered investment companies, and other customized separate account programs, which include without limitation, private equity, infrastructure, real assets, real estate, and private debt/credit. Pantheon provides investment advisory services primarily on a discretionary basis. Pantheon’s London-based affiliate has been in business since 1982. Pantheon Ventures Inc. opened its San Francisco office in 1987, its New York office in 2007, and its Chicago office in 2022. Pantheon opened a representative office in Bogota, Colombia in 2014. As of 2019, Pantheon also has a Dublin, Ireland-based affiliate. In 2010, in connection with the acquisition of Pantheon Ventures Inc. (“PVI”) and its affiliates by Pantheon’s senior management and Affiliated Managers Group, Inc., PVI (a SEC registered investment adviser) transferred all of its assets and assigned certain of its clients to Pantheon, which was formed and registered in 2010 as part of this restructuring. Pantheon and PVI are parties to an intra-company services agreement whereby Pantheon provides services, including management, investment advisory, and other services, to the remaining clients of PVI. Pantheon’s clients include funds (i.e., pooled investment vehicles), and public and private pension plans, among others. Funds and separate accounts managed by Pantheon are referred to in this Brochure as “clients” of Pantheon. Investors in pooled investment vehicles managed by Pantheon include public and private pension plans (both U.S. and non-U.S.), insurance companies, endowments and foundations, and high net worth individuals, among others. Please see “Item 7 – Types of Clients” of this Brochure for more information with respect to Pantheon’s clients and investors. Principal Ownership Pantheon Ventures (US) LP is a Delaware limited partnership. Its general partner is Pantheon (US) LLC, a Delaware limited liability company, which is wholly owned by PVI. PVI and certain senior professionals of Pantheon are limited partners of Pantheon. PVI is the only limited partner owning 25% or more of Pantheon. Affiliated Managers Group, Inc. (“AMG”) is a publicly traded asset management company (NYSE: AMG) with equity investments in boutique investment management firms. AMG, Pantheon’s institutional partner, holds interests in PVI and the various Pantheon Group Companies, as well

as in other investment management firms (“AMG Affiliates”). Further information on AMG, AMG Affiliates, and the Pantheon Group Companies is provided in “Item 10 – Other Financial Industry Activities and Affiliations”. As an affiliate of AMG, Pantheon operates autonomously, maintaining investment and operational control, and benefits from access to the resources of a larger international partner. Advisory Services Pantheon specializes in private equity, infrastructure, real assets, real estate, private debt/credit, and other private assets investing. Pantheon primarily invests client assets in venture capital, leveraged buyout, special situations, private debt/credit, other private equity, infrastructure, and real assets portfolio funds, direct real estate investments, and other private investments (referred to in this Brochure as “underlying portfolio investments”). Investment strategies include primary investments (i.e., purchasing an interest directly from the issuer), secondary investments (i.e., purchasing an interest from an existing investor or GP-led transactions), co-investments (i.e., investing, directly or indirectly, in a portfolio company typically alongside an underlying portfolio fund manager), and direct real estate investments with deal sponsors. Portfolio fund managers and real estate deal sponsors are referred to as “portfolio managers” in this Brochure. With respect to funds managed by Pantheon, the investment strategies and restrictions are set forth in the fund’s private placement memorandum, limited partnership agreement, or other governing documents (“governing documents”). Our separate account clients can, but are generally not required to, unless otherwise agreed, invest alongside our funds. To the extent a separate account client wishes to impose investment restrictions or guidelines specific to its account, this is usually documented in its investment management agreement or other governing documents with the client. Pantheon does not participate in any wrap free programs. Assets Under Management As of September 30, 2023, Pantheon’s total regulatory assets under management (“RAUM”) was approximately $71,532,004,175 (Discretionary RAUM $40,504,591,062, Non-Discretionary RAUM $31,027,413,114). The foregoing RAUM figure includes assets which Pantheon manages under the delegation of investment advisory responsibilities pursuant to the intra-company services agreement between Pantheon and PVI. Please see Pantheon’s Form ADV Part 1A – Item 5.F at www.adviserinfo.sec.gov for more information.