Fidus Investment Advisors, LLC

Fidus Investment Advisors, LLC (FIA) is an independent investment adviser founded in 2011, based in Evanston, Illinois, with additional offices in North Carolina, New York, and South Carolina. FIA specializes in providing investment management and advisory services primarily to Fidus Investment Corporation (FIC), Fidus Equity Opportunities Fund, L.P. (FEOF), and Fidus Credit Opportunities, L.P. (FCO), collectively known as "Clients." FIA's services include determining portfolio composition, assisting with investment decisions, and providing other related services tailored to each Client's investment objectives. FIA's leadership team has over 25 years of experience per person investing in lower middle-market companies. FIA primarily focuses on making debt and equity investments in industries understood by its professionals, seeking to provide attractive risk-adjusted returns. The firm's investment process involves phases such as origination, evaluation, due diligence, documentation, and portfolio management. FIA's investment strategy includes senior loans, subordinated loans, and equity investments, with an emphasis on underwriting with an owner mentality, experienced management teams, and viable exit strategies. FIA's fee structure varies based on the Client, with FIC paying a base management fee and an incentive fee, while FEOF and FCO pay management fees based on their pro-rata share of invested capital. FIA may receive brokerage or research services from selected brokers or dealers, and it complies with the Custody Rule for certain Clients. FIA exercises investment discretion for FIC and the Existing Funds and may vote proxies for Client securities in their best interests. The firm has a Code of Ethics in place and does not pay referral fees for client introductions.