For purposes of this Brochure, the “Firm” or “CLP” means Closed Loop Partners, LLC, together (where the context permits) with its affiliated general partners of the Funds (as defined below) that provide advisory services to and/or receive advisory fees from the Funds. CLP is based in New York, NY, and was formed in 2016 by Ron Gonen subsequent to founding the Closed Loop Fund in 2014. Currently Mr. Gonen owns approximately 85% of CLP through direct ownership and his 100% ownership of EMERGECLF Inc., with the remainder held by two passive investors. CLP provides primarily discretionary, impact investment advisory services to pooled investment vehicles, including venture capital, private equity and catalytic private credit funds, as well as special purpose and co-investment vehicles (together, the “Funds” or “Clients”). With respect to one Client, CLP provides non-discretionary investment advisory services. As a general matter, CLP does not expect to offer further non-discretionary advisory services. The limited partners of the Clients are either accredited or qualified investors, depending on the Fund. Limited partners of the Funds are referred to in this Firm Brochure as “investors” or “limited partners.” CLP’s advisory services consist of investigating, identifying and evaluating impact investment opportunities in the circular economy, structuring, negotiating and making investments on behalf of the Funds, managing and monitoring the performance of such investments and disposing of such investments. CLP may serve as the investment adviser or general partner to the Funds in order to provide such services. Investment advice is provided directly to the Funds, subject to the discretion and control of the applicable general partner, and not individually to any Fund investor. The investment management services CLP provides to the Funds primarily consist of sourcing, structuring, and negotiating investments and dispositions, monitoring the performance of investments and performing certain administrative services. These services are provided pursuant to investment management or portfolio management agreements (each, an “Advisory Agreement”) between CLP and the Funds as a result of a delegation of authority by the general partner of each fund (an affiliate of ours), to CLP. The Firm’s advisory services are tailored to each Fund, taking into account its investment objectives and investment restrictions as set forth in the respective

Fund’s limited partnership agreement, operating agreement or analogous organizational document, any side letters negotiated with Fund investors, as well as any offering materials of the Fund (such documents collectively, a Fund’s “Governing Documents”) and/or in the applicable Advisory Agreement. From time to time, CLP enters into side letters with specific investors, which have the effect of establishing rights under, or altering or supplementing, the terms of a Fund’s Governing Documents in respect of the investor with whom such agreement is made. Such rights or alterations generally concern economic terms, excuse rights, information rights, investment limitations, co- investment rights, ability to transfer interests in a Fund or compliance with specified laws or regulations (including the provision of stated co-invest opportunities or priority allocation rights to, for example, limited partners who have capital commitments in excess of certain thresholds to one or more Funds, or transfer rights, among others). Other side letter rights could confer benefits to the relevant investor at the expense of the respective Fund and/or other Fund investors as a whole, including in the event that a side letter confers additional reporting, information rights and/or transfer rights, the costs and expenses of which are expected to be borne by the relevant Fund. Certain such additional rights but not all rights, terms or conditions are permitted to be elected by certain sizeable investors with “most favored nations” rights pursuant to a Fund’s limited partnership agreement. Such side letters in certain cases will also impose restrictions on participation in certain investments or types of investments made by the Funds. Neither CLP nor its affiliates will enter into a particular side letter if CLP determines that the provisions contained in such side letter would be disruptive to the applicable Fund or its investment program. Disclosure of applicable side letter practices is made to investors prior to their investment in the applicable Fund. The information provided herein about the investment advisory services provided by the Firm is qualified in its entirety by reference to the Funds’ Governing Documents. As of December 31, 2023, CLP managed $492,261,307 of client assets, of which $446,457,556 is managed on a discretionary basis, and $45,803,751 is managed on a non-discretionary basis.