Ivy Hill is a Delaware limited partnership that was formed in November 2007. Ares Capital Corporation (“Ares Capital”) currently directly or indirectly owns 100% of Ivy Hill's equity and voting interests. Ivy Hill Asset Management GP, LLC (“Ivy Hill GP”) is the general partner of Ivy Hill, and Ares Capital is the sole member of Ivy Hill GP. Ares Capital is a closed-end, non- diversified specialty finance company that is regulated as a business development company under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and is externally managed by Ares Capital Management LLC (“ACM”), a wholly owned subsidiary of Ares Management LLC (“Ares Management”). Both ACM and Ares Management are SEC- registered investment advisers and are subsidiaries of Ares Management Corporation (“Ares Corp”), a publicly traded, leading global alternative investment manager. References to Ares Management in this brochure include, as the context requires, affiliates through which Ares Management provides investment advisory services. Ivy Hill, either directly or through one or more subsidiaries, provides the services described below to its advisory clients, which are comprised of various pooled investment vehicles, including collateralized loan obligations (“CLOs”), private investment funds and separately managed accounts (collectively, the “Clients”). In some situations, Ivy Hill may form special purpose entities to serve as investment vehicles for investors. Ivy Hill, or a subsidiary of Ivy Hill, serves as general partner, managing member, investment adviser, sub-adviser, manager and/or sub- manager of each of its Clients. The Clients’ underlying investors are generally either accredited investors and qualified purchasers (as noted in Item 7 below) or non-U.S. persons, depending on the applicable eligibility requirements of the respective Client. We refer to these investors as “Underlying Investors.” Ivy Hill’s investment advisory business is principally focused on investing in and managing middle market senior secured loans, including revolving credit facilities, through co-mingled structured investment vehicles, including CLOs, private investment funds and separately managed accounts. Ivy Hill tailors its advisory services to the specific investment objectives and restrictions of each Client. The investment objective of the Clients is generally to seek a total return while generating current income. Many Clients have investment restrictions that are particular to such Client. Investment restrictions may include, among others, prohibitions on investing in certain types of assets (e.g., equity securities), restrictions on issuer

domiciles, restrictions on price or rating of investments and limitations on the percentage a particular type of investment can comprise of a Client’s investment portfolio. Underlying Investors and prospective investors of each Client should refer to any applicable confidential private placement memorandum, offering memorandum, indenture, limited partnership agreement, limited liability company agreement, investment management agreement and other governing documents for each such Client (the “Governing Documents”) for more detailed information on the investment objectives, investment restrictions and risks related to the applicable Client. Prior performance, while illustrative of Ivy Hill’s investment philosophy and experience, is not indicative of future performance and there is no assurance that any investment objectives will be achieved. In accordance with common industry practice, Ivy Hill or a Client’s general partner, managing member, investment adviser or manager may enter into “side letters” or similar agreements pursuant to which certain Underlying Investors are granted specific rights, benefits, or privileges (including, without limitation, with respect to differences, including discounts to and/or sharing of, management fees, performance allocations, performance hurdles, withdrawals, access to information, minimum investment amounts, co-investment opportunities, reporting obligations, and other rights or terms including those that may be requested in light of particular investment, legal, regulatory or public policy characteristics of an Underlying Investor). These rights, benefits or privileges are not always made available to all Underlying Investors nor in some cases are they required to be disclosed to all Underlying Investors. The disclosure and extension of any such rights, benefits or privileges are governed by the corresponding Governing Documents and/or applicable law. Ivy Hill does not participate in any wrap fee programs. As of December 31, 2023, the amount of regulatory assets Ivy Hill manages on a discretionary basis was approximately $13,691,819,689 (“RAUM”). RAUM is calculated by aggregating the gross value of all Clients and other securities accounts (including proprietary accounts) for which Ivy Hill provides continuous and regular supervisory or management services. In instances where Ivy Hill only provides such services for a portion of a Client or account, only the value of the portion of the Client or the account for which Ivy Hill performs continuous and regular supervisory or management services is included in Ivy Hill’s RAUM. Ivy Hill does not manage any client assets on a non-discretionary basis.