CM Investment Partners, LLC (“CMIP”) is indirectly majority owned by Investcorp International Holdings Inc., which is part of the Investcorp group of companies (“Investcorp Group”). Investcorp Credit Management US LLC, an indirectly wholly owned subsidiary of Investcorp International Holdings Inc., holds a 76% ownership interest in CMIP. The Investcorp Group effectively operates as a management- controlled group, substantially all of whose assets and operations are owned and controlled by Investcorp S.A., a company domiciled in the Cayman Islands. Certain of the Investcorp Group’s directors and senior executive officers have the ability to indirectly control Investcorp S.A. CMIP provides advisory services to a business development company (“BDC”), two private funds, and a Separately Managed Account (“SMA”). This Brochure discusses CMIP’s business practices with relation to the advisory services it provides to its private funds. CMIP registered as an investment advisor with the SEC in 2013. In 2019, the Investcorp Group acquired a majority stake in CMIP. In January 2023, CMIP acquired and began providing discretionary investment advisory services to SP ALC Credit, L.P., (“SP ALC”) a private fund, pursuant to an investment management agreement. This vehicle invests in middle-market loans (i.e. investments in securities issued by collateralized loan obligations). Investcorp Private Credit Fund I (“IPCF I”), is a Delaware statutory trust that is exempt from registration as an investment company

under the Investment Company Act of 1940 pursuant to Section 3(c)(7). IPCF I was previously a wholly owned subsidiary of a BDC also managed by CMIP, Investcorp US Institutional Private Credit Fund (“IPCF”). As of the date of this filing IPCF has been deregistered as a BDC, transferred its assets to IPCF I, and subsequently liquidated. IPCF I invests primarily in private middle-market companies, through first lien, unitranche, second lien, and unsecured debt financing, with corresponding equity co-investments in some cases. In its role as advisor to IPCF I and SP ALC (together the “Private Funds”), CMIP (i) identifies, evaluates, and recommends potential investment opportunities for the Private Funds; (ii) negotiates and monitors investments of the Private Funds; (iii) renders reports, analyses and other information regarding the Private Funds’ investments; and (iv) advises the general partner and trustees of the Private Funds on other matters as may be requested. CMIP does not provide investment advice to the underlying investors of the Private Funds. CMIP provides reports and analyses of the Private Fund’s investments to investors in the fund upon request. CMIP also provides advisory services to an SMA wholly owned by CMIP’s affiliates. CMIP does not participate in wrap fee programs. Assets Under Management CMIP’s regulatory assets under management (“RAUM”) are $224,309,889 on a discretionary basis in private fund assets and $515,560,663 in total assets as of December 31, 2023.