Mistral Capital Management, LLC

Mistral Capital Management, LLC is a Delaware limited liability company established in 2007, specializing in providing discretionary investment advisory services to private equity pooled investment vehicles. The firm manages the Mistral Equity Partners, LP, Mistral Equity Partner QP, LP, and MEP Co-Invest, LLC. Mistral focuses on making structured investments in consumer-focused businesses such as consumer products, retailing, advertising, and telecommunications. The firm's investment strategy is based on demographic trends and consumer preferences to achieve long-term capital appreciation. Mistral charges a 2.0% Management Fee based on total capital commitments of the Funds and a Carried Interest typically at 20.0% of distributions earned by a Fund. The minimum initial investment in a Fund is generally $500,000. Mistral acts as a fiduciary and has implemented a Code of Ethics, insider trading policies, and cybersecurity measures to protect client interests. The firm has not been subject to disciplinary actions and does not engage in soft dollar arrangements. Mistral does not provide custodial services and holds the Funds' assets with qualified custodians. The firm has investment discretion over the securities transactions of the Funds and may vote proxies/corporate actions when necessary. Mistral has no financial conditions impairing its ability to meet contractual obligations.