Cedar Springs Advisors, LLC

Cedar Springs Advisors, LLC is an investment advisory firm based in Dallas, Texas, established in January 2015. The firm specializes in providing discretionary investment management services to affiliated investment funds focused on long-term private equity and equity-related investments, primarily in North American middle market companies. As of December 31, 2024, the firm manages approximately $232,239,623 in assets on a discretionary basis. Clients of the firm are primarily high net worth individuals, banks, pension plans, trusts, and other entities. The fee structure varies among the Funds managed by the Adviser, with management fees ranging from 1% to 2% of net invested or committed capital per annum, depending on the specific Fund. The firm may also receive performance-based fees of up to 25% of profits on distributions. Cedar Springs Advisors acts as a fiduciary, managing investments with discretionary authority in accordance with each Fund's specific investment objectives and restrictions outlined in the Governing Documents. The firm follows a Code of Ethics and Securities Trading Policy to ensure compliance with regulations and prevent the misuse of material non-public information. Clients receive regular reports and financial statements, and the firm maintains custody of client assets through qualified custodians. The Adviser generally has full investment discretion, managing each Fund's investments without requiring specific client consent, while adhering to the investment strategy outlined in the Governing Documents.