Blue Road Management, L.P., a Delaware limited partnership, was formed in December 2013 and, through its general partner, Blue Road Management, LLC, is controlled by John Duryea, Luis Paz-Galindo, and David Blue (collectively, the “Blue Road Partners” or the “Principals”). Blue Road Management, L.P. provides investment advisory services to Blue Road’s private fund clients (as described below). Prior to launching the Firm, the Blue Road Partners worked together for seven years. John Duryea is the principal owner of Blue Road Management, L.P. Blue Road provides discretionary investment advice solely to private investment funds that seek to generate significant capital appreciation generally through private equity investments in portfolio companies that are primarily in the agriculture, food supply chain, and related industries. In particular, the Firm serves as the investment manager to (i) Blue Road Capital, L.P. and Blue Road Capital PV, L.P., and their parallel alternative investment vehicles (collectively, the “Fund I Capital Funds”); (ii) Blue Road Capital II, L.P. and Blue Road Capital PV II, L.P. (collectively, the “Fund II Capital Funds” and together with the Fund I Capital Funds, the “Capital Funds”); and (iii) BRC National Pecan Co-Invest, L.P., BRC Vanguard Co- Invest, LP, BRC Vanguard Parallel Co-Invest, LP, BR Superfoods Co-Invest, L.P., BR SHF Co-Invest, L.P., and BR II PJK PV Co-Invest, LP (collectively, the “Co-Investment Funds”) (the Fund I Capital Funds, the Fund II Capital Funds, and the Co-Investment Funds combined, the “Funds”). The investment management services Blue Road provides to the Funds primarily consist of sourcing, investigating, structuring, and negotiating investments and dispositions. In addition, Blue Road oversees and monitors portfolio companies, tracks investment performance, and provides certain administrative services for the Funds. These services are provided pursuant to investment management agreements with the Funds and their respective general partner. The general partner of Blue Road Capital, L.P. and Blue Road Capital PV, L.P is Blue Road GP, L.P., a Delaware limited partnership (the “Fund I Capital Funds’ General Partner”). The general partner of Blue Road Capital II, L.P. and Blue Road Capital PV II, L.P. is Blue Road GP II, L.P., a Delaware limited partnership (the “Fund II Capital Funds’ General Partner” and together with the Fund I Capital Funds’ General Partner, the “Capital Funds’ General Partners”). The general partner of BRC National Pecan Co- Invest, L.P., BR Superfoods Co-Invest, L.P., and BR SHF Co-Invest, L.P., each a parallel Co-Investment Fund, is Blue Road Co-Invest/Management GP, LLC, a Delaware limited liability company. The general partner of BRC Vanguard Co-Invest, LP and the BRC Vanguard Parallel Co-Invest, LP, each a parallel Co- Investment Fund, is Blue Road GP, LLC, a Delaware limited liability company. The general partner of BR II PJK PV Co-Invest, LP is Blue Road Co-Invest/Management

GP II, LLC, a Delaware limited liability company (all general partners combined, the “General Partners”). The Firm has and may continue to provide certain investors or other persons the opportunity to participate in co-investment funds that invest in certain portfolio companies alongside the Capital Funds. Such co- investment funds typically invest and may dispose of their investments in the applicable portfolio company on substantially similar terms as the Capital Funds making the investment. Also, for strategic, timing, and/or other reasons, the co-investment funds have and may continue to purchase a portion of a portfolio company from the Capital Funds. When this occurs, the investors from the co-investment funds invest at the same valuation as those of the Capital Funds and pay interest on their investment to the Capital Funds calculated from the date the investment was made by the Capital Funds through the date of the purchase by the co-investment funds. Additionally, in order to align incentives with performance, Blue Road has and may continue to allow certain members of the portfolio company board, management team, senior advisory professionals, and consultants to co-invest alongside the Funds in any such portfolio company. Investors in the Capital Funds participate in the overall investment program for the Funds, but may be excused from a particular investment due to legal, regulatory, or other applicable reasons. In addition, the Funds have and may in the future enter into side letters or similar agreements with certain investors that have the effect of establishing rights under, supplementing, or altering the Funds’ limited partnership agreement or an investor’s subscription agreement. All information contained in this Brochure is based on the advisory services that the Firm offers. This Brochure is not an offer to invest in the Funds. Any offer to invest in the Funds would only be made through the provision of a private placement memorandum (and any associated supplements), limited partnership agreement, subscription documents and/or other associated governing documentation, such as side letters, as applicable, (collectively, the “Governing Documentation”). Information included in this Brochure is intended to provide a useful summary about Blue Road, but it is qualified in its entirety by information included in the Governing Documentation and other documents of the Funds. As of December 31, 2023, the regulatory assets under management, which includes the fair market value of investments and uncalled capital (excluding any committed amounts that are not currently available because of the Funds’ current aggregate committed capital), are approximately $860,196,000 for the Fund I Capital Funds, $255,808,000 for the Fund II Capital Funds, and $492,730,000 for the Co-Investment Funds, for an approximate combined $1,608,734,000 of regulatory assets under management. All assets are managed on a discretionary basis.