Advisory Firm and Principal Owners BCA, a Delaware limited liability company, was founded in March 2010 and became registered with the United States Securities and Exchange Commission in August 2013. BCA is a wholly owned subsidiary of Brightwood Capital Advisors, LP, which is 100% owned by Sengal Selassie. Brightwood Capital Advisors GP, LLC is the general partner of Brightwood Capital Advisors, LP. Mr. Selassie is the managing member of Brightwood Capital Advisors GP, LLC and owns 100% of the interests in such entity. SPV Advisors, a Delaware limited liability company, was founded in July 2018 and became a relying adviser of BCA in January 2020. SPV Advisors is a wholly owned subsidiary of BCA. Advisory Services Brightwood provides portfolio management and investment advisory services to pooled investment vehicles that invest primarily in secured loans of middle market companies organized and located in the United States. Such pooled investment vehicles are sold on a private placement basis to institutional and high net worth investors. Brightwood’s advisory services generally include, without limitation, identifying prospective investments, analyzing investment opportunities, conducting research and performing due diligence on potential investments, negotiating and structuring investments, and monitoring investments and portfolio companies on an ongoing basis. The pooled investment vehicles to which Brightwood provides investment advisory services are primarily private investment funds that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”), and whose securities are exempt from registration under the Securities Act of 1933, as amended (the “Private Funds”).1 Certain of the Private Funds are licensed as small business investment companies by the U.S. Small Business Administration (such Private Funds, the “SBIC Funds”) and certain other Private Funds are collateralized loan obligation vehicles (such Private Funds, the “CLO Funds”). In addition to the Private Funds, Brightwood serves as sub-adviser to a Luxembourg reserved alternative investment fund (the “Sub-Advised Fund”) that was organized by an unaffiliated third party alternative investment fund manager (the “AIFM”). Lastly, Brightwood provides advisory services to a pooled investment vehicle that has elected to be regulated as a business development company under the 1940 Act (the “BDC” and collectively with the Private Funds and the Sub-Advised Fund, the “Funds”). Brightwood does not serve as general partner (or in a similar capacity) to any of the Private Funds. Instead, certain of Brightwood’s affiliates, including Brightwood Capital SBIC Managers, LLC, Brightwood Capital SBIC Managers II, LLC, Brightwood Capital SBIC Managers III, LLC, Brightwood Capital Fund Managers III-C, LLC, Brightwood Fund III Series GP, LLC, Brightwood Capital Fund Managers IV, LLC

and Brightwood Capital Fund Managers V, LLC, serve as general partners (collectively, the “General 1 In August, 2023, certain Private Funds advised by Brightwood (the “Fund III Vehicles”) restructured their Delaware limited partnerships into multiple series, each with exposure to differing underlying sets of assets. As a result of the restructurings, the investors in the Fund III Vehicles obtained interests in one or more series that correspond to their interests in the Fund III Vehicles prior to the restructuring. Notwithstanding the structural change, the advisory services provided by Brightwood to the Fund III Vehicles have not changed and therefore the Advisor’s existing policies, procedures and controls continue to govern the relationship with the Fund III Vehicles. Additional information about the restructured Fund III Vehicles can be found in Schedule D of Part 1A of Form ADV. Partners”) to one or more of the Private Funds. Neither Brightwood nor any of its affiliates serve as trustee to the CLO Funds or as general partner (or in a similar capacity) to the Sub-Advised Fund. Pursuant to an investment management agreement, collateral management agreement or other similar governing agreement, each Private Fund’s respective General Partner or trustee has engaged BCA or SPV Advisors to provide investment advisory services or collateral management services to each respective Private Fund on a discretionary basis. In the case of the Sub-Advised Fund, the AIFM has engaged BCA to provide investment advisory services on a non-discretionary basis. In the case of the BDC, the BDC’s Board of Directors has engaged BCA to provide investment advisory services on a discretionary basis. Availability of Customized Services for Individual Clients Brightwood provides investment advisory services on a discretionary and non-discretionary basis in accordance with the investment objectives, guidelines, and restrictions set forth in each Fund’s confidential private placement memorandum or other governing documents (collectively, the “Governing Documents”). The Funds may negotiate through their Governing Documents for investment exposure (or investment limitations) with respect to specific industries, sectors, geographic regions, or investments. Brightwood does not tailor its advisory services to the individual needs of the investors in the Funds (the “Investors”). However, Brightwood has the right to enter and has entered into agreements, such as side letters, with certain Investors that may in each case provide for investment terms that are more favorable than the terms provided to other Investors. Wrap Fee Programs Brightwood does not participate in any wrap fee programs. Regulatory Assets Under Management As of December 31, 2023, Brightwood’s regulatory assets under management were $5,990,878,314, of which $5,848,237,278 were managed on a discretionary basis and $142,641,036 were managed on a non- discretionary basis.