NXT Capital Investment Advisers, LLC (“NXT Advisers” or “we”) is an indirect subsidiary of NXT Capital Group, LLC and we refer to NXT Capital Group, LLC and its direct and indirect subsidiaries collectively as “NXT Capital” throughout this Brochure. NXT Capital Group, LLC is an indirect, wholly-owned subsidiary of ORIX Corporation USA (“ORIX USA”), which itself is a wholly-owned subsidiary of ORIX Corporation (NYSE: IX; TSE: 8591) (“ORIX Corporation”), a public company. We provide investment advisory services to investment entities established in conjunction with structured finance transactions such as collateralized loan obligations, privately placed pooled investment vehicles or separately managed accounts that invest in Loans (each a “Client”) and to Clients who are affiliated with NXT Capital (“Affiliated Clients”), that invest in secured loans of the type originated or available for purchase by NXT Capital’s Direct Lending Group (the “Direct Lending Group” and such loans “Loans”). NXT Advisers does not originate any Loans. Our investment advice to Clients is generally limited to Loans; however, we do manage Direct Lending Group equity investments originated in conjunction with Loans or received by Clients as a result of a debt-to-equity conversion and/or restructuring. Clients generally invest in Loans by purchasing an assignment or participation in one or more Loans. For more information regarding Loans and their associated risks, please see Item 8, “Methods of Analysis, Investment Strategies and Risk of Loss”. Except as otherwise described herein, investments for each Client are managed in accordance with the Client’s particular investment objectives, strategies, restrictions and guidelines as outlined in the relevant offering documents, disclosure documents, indentures, limited partnership or limited liability company agreements, investment management agreements, asset management agreements, collateral management agreements, subscription agreements, loan participation agreements, Side Letters (as defined below), or similar documents, as applicable (each a “Governing Document,” and, collectively,

the “Governing Documents”) and are generally not tailored to the individualized needs of any particular investor in a Client. At inception, however, NXT Advisers, in consultation with prospective investors, will sometimes elect to establish specific investment criteria for a Client. Such criteria can, but will not necessarily, include specific requirements or restrictions (including concentration limits) related to industry; investment product type; geography; and investment size. Information about each Client, and the particular investment objectives, strategies, restrictions, guidelines and certain risks associated with an investment, is included in the respective Governing Documents, which are made available to investors only through us or another authorized party. Since we do not provide individualized advice to the investors in a Client (and an investment in a Client does not, in and of itself, create an advisory relationship between us and the investor), investors must consider whether a particular Client meets their investment objectives and risk tolerance prior to investing. NXT Capital provides structured financing solutions to private equity sponsor-owned and other middle-market companies through its Direct Lending Group. While not covered in this Brochure, NXT Advisers or its affiliates also provide advisory services to clients other than the Clients covered in this Brochure (“Other Clients”). Other Clients could be allocated and retain a piece of each Loan that we offer to our Clients that invest in Loans (“Client(s)”) and, except as otherwise agreed to with a particular Client, an individual Client will generally not be allocated an amount that exceeds the total amount of the Loan allocated to and retained by Clients. This can serve to reduce the amount of a Loan that is allocated to Clients. NXT Capital began operations in 2010. As of March 31, 2023, NXT Advisers managed approximately $7,043,597,000 (rounded) in 21 accounts of which are managed on a discretionary and non- discretionary basis. Of that amount, $631,090,000 (rounded) is managed on a non-discretionary basis.