Darlington Partners Capital Management, LP (hereinafter “Darlington Partners”, “we”, “us”, “our” or the “Firm” was organized in June 2020 as a Delaware limited partnership with a principal place of business located in Greenbrae, CA. Darlington Partners, L.P. launched in 1996 with Fairview Capital Investment Management, LLC (“Fairview”) as its general partner. Scott Clark joined Fairview as a portfolio manager in 2001 and assumed full portfolio management responsibility for Darlington Partners, L.P. by 2002. Effective April 1, 2021, the Firm’s principals, Scott Clark, Ramsey Jishi, Eric Nusinow and the other members of the team that manage Darlington Partners, L.P. and the other funds described below separated from Fairview and launched the Firm. Our affiliate, Darlington Partners GP, LLC (the “General Partner”), serves as the general partner of the Firm and as general partner to each of the Firm’s Funds (as defined below). We serve as the investment adviser, with discretionary trading authority, to private, pooled investment vehicles, the securities of which are offered to accredited investors, as defined under the Securities Act of 1933, as amended, and qualified purchasers, as defined under the Investment Company Act of 1940, as amended. We do not tailor our advisory services to the individual needs of any particular investor. Darlington Partners manages the following private, pooled investment vehicles:
• Darlington Partners, L.P., a Delaware limited partnership, and its feeder fund, Darlington Partners Offshore, L.P., a Cayman Islands exempted limited partnership, and
• DP Liquidating Fund, L.P., a Delaware limited partnership. Darlington Partners,

L.P. and Darlington Partners Offshore, L.P. are herein each referred to as a “Fund” or “Client”, and collectively referred to as the “Funds” or the “Clients”, and DP Liquidating Fund, L.P. is referred to herein as the “Liquidating Fund”). Prior to January 1, 2024, Darlington Partners also managed Darlington Partners II, L.P. (“Darlington II”), another investment fund that Darlington Partners managed pari passu with Darlington Partners, L.P. Effective after the close of business on December 31, 2023, Darlington Partners, L.P. and Darlington II combined via a tax-free exchange of each Darlington II limited partner interest for a limited partnership interest of equal value in Darlington Partners, L.P. Our investment decisions and advice with respect to the Funds are subject to each Fund’s investment objectives and guidelines, as set forth in its respective “Offering Documents.” We seek to generate attractive risk-adjusted returns over the long term and preserve capital by avoiding permanent impairments. We aim to achieve these goals primarily through our Funds’ ownership of a concentrated portfolio of investments in high-quality businesses purchased at discounted valuations that provide a significant margin of safety. A small portion of Fund assets may be invested in a more opportunistic fashion to take advantage of shorter- term opportunities and asymmetric risk-reward opportunities. The Funds primarily invest in equity securities of public and private companies. We do not currently participate in any Wrap Fee Programs. As of December 31, 2023, Darlington Partners has regulatory assets under management of approximately $2.157B, all managed on a discretionary basis.