For purposes of this brochure, “LGP” or the “Firm” means Leonard Green & Partners, L.P., a Delaware limited partnership, together with certain of its affiliates that provide investment advisory services to the Funds (as defined below). Background Founded in 1989, LGP is a private equity firm based in Los Angeles, California. LGP typically invests in companies it believes are market leaders with attractive growth prospects across a broad range of industries, and focuses primarily on companies providing services, including consumer, healthcare, and business services, as well as retail, distribution, and industrials. While the Firm is primarily a control investor, LGP has also invested in shared-control and non-control transactions. The Firm’s investments in portfolio companies (“Portfolio Companies”) have generally been in the form of traditional buyouts, going-private transactions, recapitalizations, growth capital investments, corporate carve-outs and selective public equity and debt positions. The investment activities of the Firm are led by John G. Danhakl, Jonathan D. Sokoloff, John M. Baumer, Jonathan A. Seiffer, and the other investment partners of LGP. As of the date of this Brochure, LGP has raised nine successive flagship funds to pursue similar strategies, as well as a two mid-market funds, which generally pursue the same strategy as LGP’s other funds, except that it focuses on smaller investment opportunities, and periodically sponsors continuation funds as further described below. LGP and the general partner of LGP are principally owned indirectly by John G. Danhakl, Jonathan D. Sokoloff, John M. Baumer and Jonathan A. Seiffer. Services LGP serves as the investment manager, and affiliates of LGP serve as the general partner, to related private investment partnerships, namely Green Equity Investors V, L.P., Green Equity Investors VI, L.P., Green Equity Investors VII, L.P., Green Equity Investors VIII, L.P., Green Equity Investors IX, L.P., Green Equity Investors Side V, L.P., Green Equity Investors Side VI, L.P., Green Equity Investors Side VII, L.P., Green Equity Investors Side VIII, L.P., Green Equity Investors Side IX, L.P., Jade Equity Investors, L.P., Jade Equity Investors Side, L.P., Jade Equity Investors II, L.P. and Jade Equity Investors Side II, L.P. These related private investment partnerships (each, a “Main Fund”) are organized to make private equity investments. LGP may in the future advise other private investment vehicles in addition to those listed herein. Each of these investment vehicles are private funds, not subject to the registration requirements under the Investment Company Act of 1940, as amended (the “1940 Act”), and whose securities are not subject to the registration requirements under the Securities Act of 1933, as amended (the “Securities Act”). LGP also serves as the investment manager, and affiliates of LGP serve as the general partner, to (i) additional private investment partnerships that are “feeder” vehicles (each,

a “Feeder Vehicle”) organized to invest exclusively in a Main Fund, (ii) alternative investment vehicles (each, an “Alternative Investment Vehicle”) organized to address, for example, specific tax, legal, business, accounting or regulatory-related matters that may arise in connection with a transaction or transactions and to continuation funds, as described in more detail in Item 5 below. LGP or its affiliates also serve as the investment manager, and affiliates of LGP serve as the general partner (or in an analogous capacity), to various co-investment vehicles that LGP organizes to allow certain current or prospective investors or other persons or entities, including other co-sponsors, market participants, finders, consultants, service providers, LGP personnel, portfolio company management or personnel, certain other persons associated with LGP or its affiliates and/or third parties to invest alongside one or more Main Funds in a particular investment opportunity (each such vehicle, a “Co-Investment Vehicle”). Each investment by a Co-Investment Vehicle is acquired and sold on substantially the same terms as the corresponding investment by the applicable Main Fund. Investors in Co-Investment Vehicles generally bear no performance-based fees or management fees. The Main Funds, Co-Investment Vehicles, Feeder Vehicles, Alternative Investment Vehicles and Continuation Funds (as defined below) are collectively referred to, as the context requires, as the “Funds.” In providing services to the Funds, LGP directs and manages the investment of each Fund’s assets and provides periodic reports to the investors in each Fund (the “Limited Partners”). LGP makes investment decisions based on pre-acquisition due diligence that help LGP identify and assess investment risks and opportunities. LGP’s management activities are governed by the terms of the governing documents applicable to each Fund. Investment advice is provided directly to each Fund and not individually to the Limited Partners of any Fund. Investment restrictions for the Funds are generally set forth in the respective governing documents of the Funds. Limited Partners may not impose additional restrictions on the management of the Funds. The information in this Item 4 is not intended to be complete and is qualified in its entirety by reference to the Funds’ governing documents and the subscription agreements executed by the Limited Partners. In connection with the negotiation of fund and subscription terms and, as contemplated by the relevant partnership agreements, the Funds frequently issue “side letters” or similar agreements pursuant to which the Funds will grant certain investors specific rights, benefits or privileges. See Item 11 below for a further discussion of side letters. As of December 31, 2023, LGP managed, on a discretionary basis, Funds with regulatory assets under management of approximately $77,831,700,000.1