Lavien was formed in the state of Delaware on February 14, 2012. Lavien is controlled and principally owned by Michael Huber. Lavien and its affiliates provide investment management services to pooled investment vehicles (referred to in this Brochure as the “Lavien Funds” or the “Funds”), that invest primarily in public and private companies with a focus on media, communications and information-based businesses. Some of the Lavien Funds are open to new capital commitments. Lavien’s only clients are the Lavien Funds, each of which is not registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and whose securities are exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). A related person of Lavien serves as a general partner of each Lavien partnership (each, a “Fund GP”) and each Lavien Fund is managed by Lavien or an affiliate (each, a “Fund Manager”). Each Lavien Fund is governed by a limited partnership agreement or an operating agreement (each, a “Fund Agreement”) that specifies the investment guidelines and investment restrictions applicable to such Fund. In addition, the private placement memoranda or other offering materials prepared for the investors of each Lavien Fund also contains information regarding the intended investment program for such Fund. Lavien, together with the Fund Managers, provides investment management services to the Lavien Funds in accordance with their respective investment mandates as described in the applicable Fund Agreements and, generally, the Lavien Funds’ private placement memoranda or other offering materials.

Lavien and/or the related Fund Managers offers advice solely with respect to the investments made by the Lavien Funds, which generally consist of public and private companies, by identifying investment opportunities and participating in the acquisition, management, monitoring and disposition of investments for each Lavien Fund. The Lavien Funds invest primarily in public or private companies that focus on media, communications and information-based businesses. The private investments employ a variety of investment structures, including traditional acquisitions, management buyouts, spinouts, recapitalizations and minority equity investments. The private investments generally take the form of privately-negotiated investment instruments, including unregistered equity of both U.S. and non-U.S. issuers. Lavien provides services to each Lavien Fund pursuant to the Fund Agreements, which set forth the terms of the services to be provided by the applicable Fund Manager. Lavien and the Fund Managers tailor their advisory services to each Lavien Fund as described in the investment mandate of the relevant Lavien Fund’s Fund Agreement and, generally, such Lavien Fund’s private placement memorandum or other offering materials. Lavien looks to invest in companies with management teams where their experience, relationships and capital can help create long-term value. Each Fund Manager has discretionary authority with respect to investment decisions for the Lavien Funds. As of December 31, 2022, Lavien manages a total of approximately $271 million of client assets, all of which is managed on a discretionary basis.