Background SKMC is a California limited liability company. Peter Seidler, Robert Seidler, and Eric Kutsenda established SKMC in 2003 to provide discretionary investment advisory services to private equity investment funds investing in middle-market companies. Following the passing of Peter Seidler in November of 2023, all the equity interests in SKMC are owned by the respective family trusts of Robert Seidler, Eric Kutsenda, and Matt Seidler. While SKMC was formed in 2003, Peter Seidler, Robert Seidler, and Eric Kutsenda started providing advisory services through a predecessor company in 1992. Seidler Funds SKMC provides advisory services primarily to the following U.S investment funds (the “Seidler Funds”):
• Seidler Equity Partners IV, L.P. (with the parallel SEP IV California Co-Investment Fund, “SEP IV”),
• Seidler Equity Partners V, L.P. (“SEP V”),
• Seidler Equity Partners VI, L.P. (“SEP VI”),
• Seidler Equity Partners VII, L.P. (“SEP VII”), and
• Seidler Equity Partners VIII, L.P. (“SEP VIII”). SKMC previously managed Seidler Equity Partners, L.P., Seidler Equity Partners II, L.P., and Seidler Equity Partners III, L.P., all of which have been wound up and dissolved. The Seidler Funds are closed-end funds. They do not permit withdrawals and transfers (except under limited circumstances) and are not accepting additional investors. Investors in the Seidler Funds include (i) financial institutions, insurance companies, funds of funds, private foundations, university endowments, public and private pension funds, and other institutions; and (ii) SKMC professionals, their families, and designated others who participate in the Seidler Funds through separate investment vehicles. Australia Funds SKMC formed Seidler Equity Australia I LP (“SEA I”) in 2017 and Seidler Equity Australia II LP (“SEA II” and, with SEA I, the “Australia Funds”) in 2021. The Australia Funds and the Seidler Funds are collectively referred to as the “Funds.” The Australia Funds are closed-end private equity investment funds that invest primarily in Australian middle-market companies using a strategy similar to that of the Seidler Funds. The Australia Funds may also invest in New Zealand middle-market companies. SKMC has also formed Seidler Australia I GP, LP and Seidler Australia II GP, LP (together, the “Australia General Partners”) to serve as the general partners of SEA I and SEA II, respectively. SKMC Australia Pty Ltd (“SKMC Australia”), a wholly owned subsidiary of SKMC, is the investment manager for both Australia Funds. SKMC and SKMC Australia are collectively referred to as the “Managers.” SKMC Australia is an investment adviser eligible to register with the SEC and relies on SKMC to file a single umbrella registration on its behalf. SKMC Australia and the Australia General Partners operate under SKMC’s control and supervision, and they must comply with the Investment Advisers Act of 1940 (the “Advisers Act”), the related regulations, and SKMC’s Code of Ethics, Supervisory Procedures Manual, and other applicable policies and procedures. The Australia Funds are Australian incorporated limited partnerships

registered as Venture Capital Limited Partnerships with Innovation Australia under Australia’s Venture Capital Act 2002. Investors in the Australia Funds include (i) Australian, U.S. and European institutional investors; and (ii) Manager professionals and designated others who participate in one or both Australia Funds either directly or through separate investment vehicles. Unlike the Seidler Funds, SEA I does not have an advisory committee charged with approving or disapproving conflict transactions and taking other actions of the kind specified in the Seidler Fund limited partnership agreements. Instead, the SEA I majority investors (affiliates of an Australian sovereign wealth fund) perform the conflict-approval function and have other rights and powers specified in SEA I’s limited partnership deed and related side letters. SEA II has an advisory committee that functions in substantially the same manner as the Seidler Funds’ advisory committees. Although the existing Seidler Funds are, and any future SKMC-managed United States funds likely will be, authorized to invest a specified percentage of their commitments outside the United States and Canada, they will not use that authority to invest in any entity organized or headquartered in Australia or New Zealand. Other Vehicles The Managers also provide discretionary advisory services to co-investment vehicles formed to facilitate co-investments by Fund investors, parties related to SKMC, and third parties (“Co- Investment Vehicles”). The Co-Investment Vehicles invest in portfolio companies alongside the Funds. In addition, alternative investment vehicles may be formed in connection with a Fund’s investment operations, for legal, tax, regulatory, or other reasons (“Alternative Investment Vehicles”). Alternative Investment Vehicles, Co-Investment Vehicles, and any other investment funds or vehicles directly or indirectly sponsored or managed by SKMC in the future are collectively referred to as “Other Vehicles.” The Funds and the Other Vehicles are collectively referred to in this brochure as “Clients.” The Managers provide discretionary investment advisory services only to the Funds and Other Vehicles. Management Agreements The Managers act as managers of the Funds under separate management services agreements. With respect to each Seidler Fund, SKMC has full discretionary investment authority within the fund’s investment strategy, objectives, and restrictions, as described in the fund’s limited partnership agreement. SKMC Australia performs a similar role for SEA I. With respect to SEA II, SKMC Australia performs specified services under the direction of SEA II’s general partner, which retains ultimate responsibility for SEA II’s business, including determining whether to enter into an investment or exit transaction. See the discussion of the Managers’ investment strategy and philosophy in Item 8. Investment Restrictions See Item 16 for a summary of Fund investment restrictions. The Managers do not participate in any wrap fee programs. Assets under Management As of the date of this brochure, the Managers manage approximately $5.1 billion of assets on a discretionary basis and no assets on a non-discretionary basis. ITEM 5