NMS is a limited liability company organized under the laws of the State of Delaware and is controlled by New MainStream Capital Management Holding, LLC (“New MainStream Holding”). New MainStream Holding is owned and controlled by Martin Chavez and Kevin Jordan, (collectively, the “Managing Partners”). NMS Management, LP (“NMS Management”) is a Delaware limited partnership that is also controlled by New Mainstream Holding and has an advisory agreement with the Funds. NMS, New Mainstream Holding, and NMS Management were founded in 2010. NMS, directly or through its affiliated management entities, provides discretionary advisory services to NMS Fund, LP (“NMS Fund”), NMS Fund II, LP (“NMS Fund II”), NMS Fund III, LP (“NMS Fund III”) and NMS Fund IV, LP (“NMS Fund IV”) (each, a “Fund” and collectively, the “Funds”), each of which are private investment partnerships. As used throughout this Brochure, the term “client”, generally refers to each Fund. The general partner of NMS Fund is NMS GP, LP, the general partner of NMS Fund II is NMS II GP, LP, the general partner of NMS Fund III is NMS III GP, LP, and the general partner of NMS Fund IV is NMS IV GP, LP (each, a “General Partner,” and collectively, the “General Partners”). NMS Fund, NMS Fund II, NMS Fund III and NMS Fund IV are closed to new capital commitments. NMS offers the Funds advice with respect to private equity investments in lower middle market companies primarily based in North America, managing, supervising and disposing of such investments, and engaging in such other activities as the General

Partners deem reasonably necessary. NMS will generally focus on control investments in primarily lower middle market companies, with particular concentration on companies in the healthcare service and business service markets. NMS generally focuses on control investments. As of December 31, 2023, NMS managed approximately $1,695,511,546 of assets on behalf of the Funds. All assets are managed on a discretionary basis. NMS formulates its investment advice based on the Funds’ investment objectives. As part of its advisory services, NMS directs and manages the investment and reinvestment of the Funds’ assets, and provides reports to Investors (defined below). Investment advice is provided directly to the Funds and not individually to the limited partners of the Funds (the “Investors” or “Limited Partners”). NMS manages the assets of the Funds in accordance with the terms of the Funds’ limited partnership agreements (each, a “Limited Partnership Agreement” and collectively, the “Limited Partnership Agreements”). All terms are generally established at the time of the formation of a Fund, and are only terminable once the Fund is dissolved, wound up, and terminated. Limited Partners are not permitted to withdraw from the Funds prior to the Funds’ dissolution, except in limited circumstances. On occasion, the Funds may form co-investment vehicles managed by NMS or its affiliates to invest alongside the Funds in portfolio companies. Such co-investment vehicles may pay management fees and/or carried interest to NMS. NMS does not participate in wrap-fee programs.