The Adviser, and its predecessor entities, has been in business since 1981. The firm was founded by Oliver Nicklin and currently has about 25 employees primarily located in Chicago. The Adviser advises venture capital funds that invest primarily in early-stage opportunities in certain key sectors. The Adviser focuses on investing in business-to-business technology companies in subsectors where it develops in-depth expertise. The term Adviser refers to the Filing Adviser and the Relying Advisers that are substantially under common control with the Filing Adviser. The Filing Adviser and the Relying Advisers currently act as the general partners and/or managers of the private investment funds listed below (collectively the “Funds”) and have filed a single Form ADV in reliance of the position expressed by the SEC in its January 18, 2012, ABA no- action letter allowing the single registration of related investment advisers. Adviser Funds First Analysis Capital Management LLC First Analysis Private Equity Fund V, L.P. First Analysis Private Equity Fund V-A, L.P. First Analysis Private Equity Fund V-C, L.P. First Analysis Fund XII+, L.P. First Analysis Fund XII+ (Cayman), L.P. First Analysis Fund XIV, L.P. First Analysis Fund XIV (Cayman), L.P. First Analysis Fund XIV-A, L.P. FA Private Equity Management IV, L.L.C. FA Private Equity Fund IV, L.P. FA Private Equity Fund IV GmbH & Co. Beteiligungs KG First Analysis Management Company IV, L.L.C. The Productivity Fund IV, L.P. The Productivity Fund IV Advisors Fund, L.P. The Funds are organized as Delaware limited partnerships or foreign companies and are neither registered under the Securities Act of 1933, as amended, nor registered under the Investment Company Act of 1940 as amended. Accordingly, interests in the Funds are offered exclusively to investors satisfying the applicable eligibility and suitability requirements in private placements the United States. No offer to sell interests in the Funds is made by the descriptions of this Brochure. Please see Item 7 (Types of Clients) of this brochure with respect to First Analysis’ clients. Principal Ownership The Filing

Adviser, FA Private Equity Management IV, L.L.C., and First Analysis Management Company IV, L.L.C, are principally owned by First Analysis Venture Operations and Research, L.L.C. (FAVOR). Oliver Nicklin is the largest FAVOR interest holder. First Analysis Advisory Services As mentioned above, the Adviser focuses on investing in business-to-business technology companies in subsectors where it develops in-depth expertise. First Analysis Clients The Funds (and not the investors in the Funds) are considered the Adviser’s clients The Adviser provides investment advisory services to such Funds which may include: (i) development of investment policy; (ii) asset allocation; (iii) portfolio implementation and management and (iv) performance evaluation. The advisory services provided to the Funds are tailored to the investment objectives, investment strategy and investment restrictions, if any, set forth in the governing documents of the Funds. The Adviser does not tailor its advisory services or investment objectives or strategies to the requests or needs of individual Fund investors. Investors generally are not permitted to restrict the Fund’s investments. For a more detailed description of the Adviser’s strategies and associated risks, please see Item 8 titled Method of Analysis, Investment Strategies and Risk of Loss. Some of the Fund clients have entered into agreements (“Side Letters”) with one or more of their investors whereby in consideration for investing certain amounts in a Fund, such investors may be granted favorable rights not afforded other investors. Such agreements may be entered into by a Fund investor and the Adviser without the consent of other investors in the Fund. Except as provided by “most-favored-nation” clauses, such agreements usually need not be disclosed to other investors in such Fund. Wrap Fee Programs The Adviser does not participate in wrap fee arrangements. Regulatory Assets under Management As of December 31, 2023, the Adviser provided services on behalf of regulatory assets under management of approximately $199.5 million in discretionary client assets.