A. Firm Information Granger Management LLC (“Granger” or the “Advisor”) is a registered investment advisor with the U.S. Securities and Exchange Commission, which is organized as a Limited Liability Company (LLC) under the laws of the State of Delaware. Granger was founded in August 2013 and is owned and operated by Granger Management Holdings LLC, of which Andrew C. Walter and Geraldine F. McManus are Managing Members. Mr. Walter founded the firm in August 2013. Ms. McManus subsequently joined the firm on May 21, 2014. This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory services provided by Granger. Granger is an independent investment advisory firm that provides outsourced CIO (“OCIO”) and investment advisory services to a select group of institutional and individual client accounts. (“Clients”). Granger also serves as an investment advisor to pooled investment vehicles, established for the main purpose of aggregating certain Clients’ assets to invest in other private funds or directly in private companies. The pooled investment vehicles advised by Granger are Granger VEP Co-Investment Fund LLC, Chloe GB Partners LLC, Grace GM Partners LLC, Carnegie GM Partners LLC, Morangie LLC, Chaproc LLC and Rooney GM Partners LLC (the “Fund Clients” or the “Funds”). Carnegie GM Partners LLC, Chaproc LLC, Morangie LLC, Grace Partners LLC and Rooney GM Partners LLC will have the ability to charge an additional layer of fees to investors in these pooled investment vehicles above and beyond the standard investment advisory fee detailed in the respective vehicles’ advisory agreement. Operational expenses, including, but not necessarily limited to, fund administration, legal, tax and audit expenses, of these pooled investment vehicles will be borne by the vehicle itself. Additional information about the Clients and the Fund Clients is provided in Item 7 below. B. Advisory Services Offered Granger provides customized investment solutions to support the complex needs of all its Clients. Investment Advisory Services to Clients Granger works with each Client to determine their investment goals and objectives which may be driven by a variety of different variables including risk tolerance, return objectives, liquidity and income needs. Upon determining an appropriate asset allocation mix for each Client, Granger will then construct an investment program specific to each individual Client’s objectives, which may include professionally managed funds (both traditional and alternative), separately managed accounts, structured products, exchange-traded funds (“ETFs”), direct or co-investments in private equity, individual securities and other opportunistic investments. Additionally, Granger consults on a periodic basis with each Client to discuss any adjustments to investment goals and objectives, including any guidelines, restrictions or limitations. Granger may also consult with each Client regarding a Client’s desire to participate in certain investment opportunities. A Client may indicate a desire not to participate in an investment, in which case any such investment will not be purchased for the Client’s account. The performance of each Client will be impacted by adjustments

made to the investment goals and objectives Investment Advisory Services to Funds The advisory services provided by Granger to the Funds are tailored to the investment objectives, investment strategy and investment restrictions, if any, as set forth in the governing documents of the Granger Funds and/or the investment advisory agreement entered by Granger with such Funds. Granger typically does not tailor its advisory services to the individual needs of investors in a Granger Fund; accordingly, it typically does not accept material investment restrictions imposed by such investors. The Fund Clients 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 either in private placement transactions within the United States or in offshore transactions. C. Client Account Management Prior to engaging Granger to provide investment advisory services, each Client is required to enter into an Investment Advisory Agreement with the Advisor that defines the terms, conditions, authority and responsibilities of the Advisor and the Client. As part of the Investment Advisory agreements for clients, the client acknowledges that the Advisor:
• Shall engage in ongoing discussions with the Client regarding the Account and will consult with the Client on a periodic basis to discuss the investment focus, guidelines, mandates, restrictions and limitations that the Client wishes to establish for the Account. (the “Investment Parameters”)
• Shall, at times, also consult with the Client regarding the Client’s desire to participate in certain investment opportunities. The Client acknowledges that any such Investment Parameters will be taken into account by the Advisor in determining the investment objectives of the Account and whether to purchase or sell assets on behalf of the Account. Additionally, the Client may indicate a desire not to participate in an investment, in which case any such investment will not be purchased for the Account. The Client understands and acknowledges that the performance of the Account will be impacted by such ongoing discussions with the Client as well as the Investment Parameters
• The Advisor will manage the Account in accordance with the investment guidelines, mandates, and/or restrictions (if any) described in relevant Exhibits as well as any Investment Parameters, which are each deemed to be a part of this Agreement. Such guidelines, mandates and/or restrictions may be changed from time to time by written agreement of the Advisor and the Client or pursuant to discussions between the Advisor and the Client. D. Wrap Fee Programs Granger does not manage or place Client assets into wrap fee programs. Investment management services are provided directly by Granger. E. Assets Under Management The Advisor’s regulatory assets under management were approximately $4.581 Billion as of December 31, 2022 and all assets are managed on a discretionary basis.