The Adviser, a Delaware limited partnership and a registered investment adviser, and its affiliated investment advisers provide investment advisory services to investment funds privately offered to qualified investors in the United States and elsewhere. The Adviser commenced operations in August 2019. The Adviser’s clients include KLC Fund I LP, KLC Fund I-A LP, KLC Fund II LP,and KLC Fund II-A LP (each, a “Main Fund”) and multiple co-investment, parallel or alternative investment vehicles, each a Delaware limited partnership (each, together with each Main Fund, referred to herein as a “Fund,” and, collectively, together with the Executive Funds (as defined below) and any future private investment funds to which the Adviser or its affiliates provide investment advisory services, the “Funds”). The Adviser also serves as investment adviser to KLC FF Fund I LP and KLC FF Fund II LP, both “executive funds” offered to employees, affiliates and other investors with a relationship to the Adviser or its personnel (the “Executive Funds”). KLC Fund I GP LP and KLC Fund II GP LP (together with any other general partners to the Funds and any future general partners that may be formed from time to time, each a “General Partner” and collectively, together with any future affiliated general partner entities, the “General Partners,” and together with the Adviser and their affiliated entities, “Knox Lane”), is affiliated with the Adviser. Each General Partner is subject to the Advisers Act pursuant to the Adviser’s registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partners, which operate as a single advisory business together with the Adviser. The Funds are private equity funds and invest through negotiated transactions in operating entities, generally referred to herein as “portfolio companies.” Knox Lane’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and achieving dispositions for such investments. Although investments are made predominantly in non-public companies, investments in public companies are permitted. From time to time, where such investments consist of portfolio companies, the senior principals or other personnel of Knox Lane or its affiliates generally serve on such portfolio companies’ respective boards of directors or otherwise act to influence control over management of portfolio companies in which the Funds have invested. The advisory services to the Funds are detailed in the applicable Fund’s private placement memoranda or other offering documents (each, a “Memorandum”), limited partnership or other operating agreements of the Funds (each, a “Partnership Agreement” and, as applicable, together with any relevant Memorandum, the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds (generally referred to herein

as “investors” or “Limited Partners”) participate in the overall investment program for the applicable Fund, but are permitted to be excused from a particular investment due to legal, regulatory or other agreed-upon circumstances pursuant to the relevant Governing Documents; for the avoidance of doubt such arrangements generally do not and will not create an adviser-client relationship between the Adviser and any investor. The Funds or the General Partners generally enter into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights under, or altering or supplementing the terms (including economic or other terms) of, the relevant Partnership Agreement with respect to such investors. Additionally, from time to time and as permitted by the relevant Governing Documents, Knox Lane expects to provide (or agree to provide) investment or co-investment opportunities (including the opportunity to participate in co-invest vehicles) to certain current or prospective investors or other persons, including other sponsors, market participants, finders, Industry Advisors, Operating Partners (both, as defined below) and other service providers, Knox Lane personnel and/or certain other persons associated with Knox Lane and/or its affiliates. Such co- investments typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms as the Fund making the investment. However, from time to time, for strategic and/or other reasons, a co-investor or co-invest vehicle purchases a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post-closing sell-down or transfer), which generally will have been funded through Fund investor capital contributions and/or use of a Fund credit facility. Any such purchase from a Fund by a co-investor or co-invest vehicle generally occurs shortly after the Fund’s completion of the investment to avoid any changes in valuation of the investment, but in certain instances could be well after the Fund’s initial purchase. Where appropriate, and in Knox Lane’s sole discretion, Knox Lane reserves the right to charge interest on the purchase to the co-investor or co-invest vehicle (or otherwise equitably to adjust the purchase price under certain conditions), and to seek reimbursement to the relevant Fund for related costs. However, to the extent such amounts are not so charged or reimbursed, they generally will be borne by the relevant Fund. As of December 31, 2023, the Adviser managed approximately $2.5 billion in client regulatory assets on a discretionary basis. The Adviser is principally owned by John Preston Bailey and Shamik Patel (the “Principals”), who serve as the Adviser’s Managing Partner and Partner, respectively. Knox Lane LLC, a Delaware LLC, acts as the general partner to the Adviser, and is wholly owned by Mr. Bailey.