Stellex Capital Management, a Delaware limited liability corporation and a registered investment adviser, and its affiliates that serve as general partners to private investment funds (each a “General Partner,” and collectively, together with any future affiliated general partner entities, the “General Partners”) (collectively, with Stellex Capital Management, “Stellex”) provide investment advisory services to private investment funds. Stellex commenced operations in March 2014. Stellex provides investment advisory services to investment funds privately offered to qualified investors (generally referred to herein as “investors” or “limited partners”). Among such investment funds, are Stellex Capital Partners LP and Stellex Capital Partners II LP (each a “Main Fund” and together, the “Main Funds”), funds that invest all of their assets into a Main Fund (each a “Feeder Fund”), funds that invest pari passu alongside a Main Fund (each a “Parallel Fund”) and funds and vehicles formed to effectuate co-investments (each a “Co- Investment Fund”) (each investment fund, a “Fund,” and collectively, the Main Funds, the Feeder Funds, the Parallel Funds, any Co-Investment Funds, together with any future private investment fund to which Stellex Capital Management or its affiliates provide investment advisory services, “Private Investment Funds” or “Funds”). Stellex Capital Management and its affiliates that serve as general partners to certain of the Private Investment Funds, are subject to the Advisers Act pursuant to Stellex Capital Management’s registration in accordance with SEC guidance. This Brochure describes the business practices of the General Partners, which operate as a single advisory business together with Stellex Capital Management. Unless the context otherwise requires, “Stellex” should be construed to mean the relevant Stellex entity arranging such services from Stellex Capital Management and/or its affiliates and their respective personnel on behalf of the Private Investment Funds. The Main Funds and any other Private Investment Funds are private equity funds and invest through negotiated transactions in operating entities. Stellex’s investment advisory services to the Funds include identifying and evaluating investment opportunities, negotiating investments, managing and monitoring investments and achieving dispositions for such investments. Stellex expects investments to be made predominantly in non-public companies, although investments in public companies are part of Stellex’s strategy to obtain control positions. Where such investments consist of portfolio companies, the senior principals or other personnel of Stellex have and will continue to serve on such portfolio companies’ respective boards of directors or otherwise act to influence control over management of portfolio companies held by the Private Investment Funds. Stellex’s advisory services for Private Investment Funds are detailed in the applicable private placement memoranda and limited partnership agreements or other operating agreements (each, a “Partnership Agreement”

and, as applicable, together with any relevant Memorandum, the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Private Investment Funds participate in the overall investment program for the applicable Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other applicable constraints; such arrangements generally do not and will not create an adviser-client relationship between Stellex and any investor. The Funds or Stellex have and may continue to enter into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights under, or altering or supplementing the terms (including economic or other terms) of, a Fund’s limited partnership agreement with respect to such investors. Stellex reserves the right in its sole discretion whether to negotiate a side letter with any existing or prospective limited partner. Additionally, Stellex provides (or agrees to provide) investment and co-investment opportunities (including the opportunity to participate in co-invest vehicles) to certain current or prospective investors or other persons, including other sponsors, market participants, finders, consultants and other service providers, portfolio company management or personnel, Stellex personnel and/or certain other persons associated with Stellex and/or its affiliates alongside a particular Private Investment Fund’s transaction(s). Such co-invest vehicles typically invest and dispose of their investments in the applicable portfolio company at the same time and on the same terms as the Private Investment Fund making the investment. However, for strategic and other reasons, a co-invest vehicle (including a co-investing Private Investment Fund) may and will generally continue to purchase a portion of an investment from a Private Investment Fund after such Private Investment Fund has consummated its investment in the portfolio company. Any such purchase from a Private Investment Fund by a co-invest vehicle generally occurs shortly after the Private Investment Fund’s completion of the investment to avoid any changes in valuation of the investment, but in certain instances have been and could be well after the Private Investment Fund’s initial purchase. Where appropriate, and in Stellex’s sole discretion, Stellex reserves the right to charge interest on the purchase to the co-investor or co-invest vehicle and to seek reimbursement to the relevant Private Investment Fund for related costs. However, to the extent any such amounts are not so charged or reimbursed (including charges or reimbursements required pursuant to applicable law), they generally will be borne by the relevant Private Investment Fund. As of December 31, 2023, Stellex advises and manages $3,229,703,870 of client assets on a discretionary basis. Raymond Whiteman and Michael Stewart, the founding and managing partners, are the indirect principal owners of Stellex Capital Management.