A. Description of Advisory Business CAVU Consumer Partners, LLC (or the “Adviser”), together with its affiliated general partner entities (the “General Partners”) with which it shares common control (collectively, “CAVU”) provides investment advisory services to a number of privately offered, pooled investment funds (the “Funds”) and/or special purpose vehicles (“SPVs”, collectively with the Funds, “Clients”). The Adviser is a Delaware limited liability company formed on June 19, 2015, and principally owned by Brett Thomas and Rohan Oza. The Adviser also shares common control with affiliated General Partners, which serve as the sponsors to the Clients. B. Description of Advisory Services CAVU is an investment firm that primarily invests in high-growth branded consumer products and services companies, with emphasis on brands that appeal to today’s health and wellness-conscious consumer. Client portfolio companies are generally private companies domiciled in the United States, and investments are made in startups, small-to medium sized companies as well as later stage companies in exchange for minority ownership positions. CAVU’s strategy covers all aspects of consumer products and services, with an emphasis on consumer packaged goods (“CPG”), food & beverage, personal care, beauty, wellness, pet care, fitness, and fast casual. As a result, the Clients feature highly concentrated portfolios. CAVU has developed a team of investment professionals, industry experts, value-add, and operational support specialists to serve its portfolio companies

and investors. In addition to offering access to multiple-asset, pooled investment opportunities through the Funds, CAVU, through its SPVs, also offers direct private investment and co-investment opportunities. A full list of the Funds and SPVs managed by CAVU can be found on Form ADV Part 1A, Section 7.B.(1). Investors in CAVU Clients (“Investors”) should refer to the relevant vehicle’s organizational documents, limited partnership agreement or any other offering documents, including the exhibits and appendices thereto, and other governing documents (collectively, the “Governing Documents”) for definitive and detailed information regarding the matters described in this Brochure. The Funds and SPVs rely on certain exclusions from the definition of “investment company” found in the Investment Company Act of 1940, as amended (“1940 Act”). Accordingly, none of the Clients are registered as investment companies with the SEC. C. Client Investment Objectives and Restrictions CAVU does not tailor its advisory services to the individual needs of Investors. Instead, CAVU provides investment advice to the Clients rather than to the individual underlying Investors. Investment restrictions for a Client, if any, are established in the applicable Governing Documents for such Client. D. Wrap Fee Programs CAVU does not participate in wrap fee programs. E. Regulatory Assets Under Management As of December 31, 2023, CAVU’s regulatory assets under management consisted of the following:
• Discretionary: $1,259,875,215
• Non-Discretionary: $0