For purposes of this brochure, the “Adviser” and “HGGC” mean HGGC, LLC, a Delaware limited liability company, together (where the context permits) with its affiliates that provide advisory services to and/or receive advisory fees from the Funds (as defined below). Such affiliates may or may not be under common control with HGGC but possess a substantial identity of personnel and/or equity owners with HGGC. These affiliates may be formed for tax, regulatory or other purposes in connection with the organization of the Funds or may serve as general partners of the Funds. Such affiliates that are controlled by or under common control with the Adviser are subject to the Advisers Act pursuant to the Adviser’s registration in accordance with SEC guidance. This brochure describes the business practices of the Adviser and such affiliates, which operate as a single advisory business. References contained in this brochure to the strategy and operations of the Adviser should be read to include the activities of the Adviser and such affiliates that collectively engage in the investment process and ongoing management of the Funds and their portfolio companies. The Adviser and/or its affiliates provide investment advisory services to investment vehicles (the “Main Funds”) that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). Additionally, the Adviser and/or its affiliates expect to organize and serve as general partner (or in an analogous capacity) to certain other “feeder” vehicles (each such vehicle, a “Feeder Vehicle”) organized to invest exclusively in a Main Fund. The Main Funds and the Feeder Vehicles are collectively referred to as the “Funds.” The Funds make primarily long-term private equity and equity-related investments, as well as investments in debt instruments. In accordance with the Funds’ respective investment objectives, investments are generally made in middle market or growth equity companies, generally referred to herein as “portfolio companies.” The Adviser’s advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating the terms of and making investments on behalf of the Funds, supervising and monitoring the performance of such investments and disposing of such investments. The

Adviser generally serves as the investment adviser or general partner to the Funds in order to provide such services. The Adviser provides investment advisory services to each Fund in accordance with separate investment advisory, investment management or portfolio management agreements (each, an “Advisory Agreement”), offering documents, limited partnership agreement (or analogous organizational or governing document) (a “Partnership Agreement”), and as applicable and at the Adviser’s discretion, side letters with the Fund’s investors (such side letters, together with the Partnership Agreement (or analogous organizational or governing document), the “Governing Documents”) of such Fund. Such side letters generally have the effect of establishing rights under, or altering or supplementing a Fund’s Partnership Agreement, including by providing, among other things, different information rights, co-investment rights, liquidity or transfer rights and other economic rights that may be material. Investment advice is provided directly to the Funds, subject to the discretion and control of the applicable general partner and not individually to the investors in the Funds. Services are provided to the Funds in accordance with the Advisory Agreement, Governing Documents and/or offering documents of the applicable Fund. Investment restrictions for the Funds, if any, are generally established in the Governing Documents or offering documents of the applicable Fund. HGGC is principally owned by Richard F. Lawson, Jr., and J. Steven Young through HGGC Holdings, LLC. HGGC is managed by a Board of Managers consisting of Mr. Lawson, Mr. Young, Neil H. White, David H.S. Chung, Steven A. Leistner, and William H. Conrad, Jr. In addition, investment funds managed by Blue Owl GPSC Advisors LLC, a relying adviser of Blue Owl GPSC Advisors LLC, (together, the “Blue Owl GPSC Advisers”) (each a subsidiary of Blue Owl Capital Inc.) hold an indirect passive minority interest in HGGC and the general partners of the Funds. The Blue Owl GPSC Advisers have no authority over the day-to-day operations or investment decisions of the Advisers or the Funds, although they do have certain customary minority protection consent rights. The Adviser has been in business since October 24, 2007. As of December 31, 2023, the Adviser manages a total of $8,096,039,762.00 of client assets, all of which are managed on a discretionary basis.