Madison Capital Partners is an Illinois corporation that was founded in September 1997 as a successor to a corporation under the same name which was founded in May 1994, and is principally owned and controlled by Larry W. Gies. Madison Capital Partners is a Chicago- based firm primarily comprised of former CEOs and CFOs. For a variety of operational, legal and regulatory reasons, Madison Capital Partners conducts its advisory business through a group of related advisers which are generally the managers of the Funds (as defined below). This group of related advisers, although organized as separate legal entities, conducts a single advisory business. Unless otherwise indicated, hereinafter, any references to “Adviser” refer collectively to Madison Capital Partners and the manager of each Fund. Each Fund was organized with the intent that it be advised by the manager of the Fund with services performed by Adviser. Adviser provides investment advisory services to private pooled investment vehicles. The pooled investment vehicles to which Adviser provides advisory services are referred to herein as the “Funds.” The Funds are typically U.S. limited liability companies and other investment vehicles that are not registered or required to be registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), or the Securities Act of 1933, as amended (the “Securities Act”). The investors in the Funds may include, among others, individuals, pension and profit sharing plans, trusts, other pooled investment vehicles, corporations and foundations. A Fund’s manager may, from time to time, create and manage investment vehicles on a transaction-by-transaction basis to allow certain persons to invest alongside the Fund in specific portfolio companies and other assets of the Fund (each such vehicle, a “Co-Investment Fund”). Co-Investment Funds are typically limited to investing in securities

relating to the transaction or transactions with respect to which they were organized. As a general matter, any co-investment by a Co-Investment Fund will be on terms and conditions similar to the terms and conditions of the investment by the applicable Fund. As investment adviser to each Fund, Adviser and/or its affiliates provide services, identify investment opportunities and participate in the acquisition, management, monitoring and disposition of investments for each Fund. Each Fund is managed based on the investment objectives and investment restrictions set forth in the governing documents or the offering materials of the Fund (the “Offering Materials”). Adviser and its affiliates primarily provide investment advisory services related to business acquisitions in a wide variety of industries. Generally, the Funds acquire controlling interests in companies and take an active approach in managing each business to build and grow branded market leaders. Companies with lengthy operating histories in mature or growing industries are generally targeted, but early-stage investments may also be made. Although the primary focus of each Fund is on business acquisitions, other types of investments may also be made that are consistent with the respective Fund’s investment strategy and objectives. Investment advice is provided directly to the Funds, and not individually to the investors of the Funds. Adviser generally provides investment advisory services to each Fund pursuant to a service agreement with the manager of the Fund and/or the governing documents of the Fund. The Fund and/or the manager of the Fund may enter into side letters with certain investors of a Fund which impose further restrictions on the investment activities of a Fund. As of December 31, 2023, Adviser and its affiliates managed $2,947,975,000 on a discretionary basis, and $0 on a non-discretionary basis.