Leste Capital Partners (Florida), LLC (“LCP”) and its relying advisers Leste Credit US (IA) LLC (“LC US”), Leste Real Estate US (IA), LLC (“LRE US”), Leste Private Equity US (IA) LLC (“LPE US”) and LNL Capital (IA), LLC (“LNL” and together with LCP, LC US, LRE US, and LPE US each an “Adviser”, and collectively, the “Advisers” or the “Firm”, “we” or “us”) are affiliated companies under common control, which conduct activities from the same office location in the United States, and, as such, share common facilities, infrastructure, vendors, as well maintain various dually associated personnel including the same Chief Compliance Officer. The Advisers are Delaware limited liability companies doing business in Miami, Florida. LCP commenced its business operations in 2015, LC US commenced its business operations in 2020, LRE US commenced its business operations in 2021 and LPE US commenced its business operations in 2024. LCP is a joint venture (50/50%) directly owned by Stephan de Sabrit and Leste USA, LLC. Leste USA, LLC is owned by Leste Holding, LLC, a holding company organized as a Delaware limited liability company that, in turn, is wholly owned by Emmanuel Rose Hermann. LC US and LNL US are principally owned by Mr. Sabrit and Mr. Hermann through LCP. LRE US and LPE US are wholly owned by LCP. Leste USA, LLC is currently dual-registered with the SEC as an investment adviser and a broker-dealer. The Firm pursues four business lines: (i) Leste Credit, (ii) Leste Real Estate, (iii) Leste Private Equity, and (iv) Leste Net Lease. See also Item 8 – “Method of Analysis, Investment Strategies and Risk of Loss” for further details about the investment strategies referenced in the following general overview of the Advisers` lines of business. Leste Credit aims to achieve its investment objective by pursuing a private debt strategy through a diversified portfolio of investments, primarily senior, mezzanine and subordinate private debt or debt-like instruments secured by tangible assets, mainly real estate assets. The strategy makes investments both in the primary market and in the secondary market. This line of business expects that most of its investment exposure will be to United States borrowers, companies and assets. Leste Real Estate`s approach to real estate equity investing is guided by demographic trends, market dislocations and supply/demand imbalances, enabling it to invest opportunistically across market cycles and into both traditional and niche asset classes. Leste Private Equity’s approach focuses on investing in established companies in the United States or abroad that have a growth trajectory. The strategy’s focus is acquiring a controlling stake in companies or a minority stake with strong governance. These companies tend to be medium sized, with less than US$500 in annual revenue. Leste Net Lease’s approach aims

to achieve its investment objectives by pursing both private debt and private equity positions in triple-net lease assets through a range of senior and structured investments. The strategy makes investments in both the primary and secondary markets. This line of business expects that most of its investment exposure will be to borrowers, companies and assets in the United States. The Firm implements the investment strategies described above by providing discretionary advisory services to various investment funds (each, a “Leste Fund”), including (but not limited to) certain investment vehicles of Mr. Hermann’s family members and some separately managed accounts for institutional clients (each, together with Mr. Hermann’s family vehicles, a “Leste SMA”). All Leste Funds that are private funds for Form ADV: Part 2A Page 5 Form ADV purposes and that are conducting business as of the date of this brochure are listed in Section 7.B of the Adviser’s Form ADV Part 1A. In the future, we may provide discretionary and/or non-discretionary investment advice to other private investment funds and/or separately managed accounts (collectively with the Leste Funds and Leste SMAs, “clients”). The Firm has also established, for business, organizational or regulatory purposes, a number of special purpose entities that serve as sponsors, general partners, or managing members (or equivalent) (each, a “Leste GP SPE”) of one or more Leste Funds (as defined in this Item 4 – “Advisory Business” below). All Leste GP SPEs conducting business as of the date of this brochure are listed in Section 7.A of the Advisers’ Form ADV Part 1A. Unless and only to the extent that the context otherwise requires, references to the Advisers, we or us herein are deemed to include references to the Leste GP SPEs as well. Each Leste Fund is managed in accordance with its own investment and trading objectives, as described in such Leste Fund’s offering and governing agreements (the “Fund Documents”). Each Leste SMA is managed in accordance with its own investment and trading objectives, as described in such Leste SMA’s investment management agreement (such investment management agreements, together with the Leste Fund Documents, collectively, the “Client Documents”). We generally do not permit investors in the Leste Funds or the Leste SMA clients to impose limitations on the investment activities described in the applicable Client Documents. Under certain circumstances, we may contract with a client to adhere to limited risk and/or operating guidelines imposed by the client. We negotiate such arrangements on a case- by-case basis. As of December 31, 2023, we managed approximately US$ 563 million in regulatory assets under management on a discretionary basis, and approximately US$ 158 million on non-discretionary basis. Form ADV: Part 2A Page 6