Stripes, LLC

Stripes Management, LLC is a registered investment adviser with the SEC, established in June 2008. The firm provides discretionary investment advisory services to pooled investment vehicles, focusing on buyout and minority growth equity investments in technology-enabled and branded consumer product businesses. The firm's principal owner is Mr. Kenneth A. Fox. Stripes manages regulatory assets under management of $6,867,317,399 on a discretionary basis as of December 31, 2024. The firm primarily receives annual management fees based on the Fund's capital commitments and invested capital. Stripes does not participate in wrap fee programs and does not manage client assets on a non-discretionary basis. The firm's investment strategy involves investing in lower-to-middle-market companies, with a focus on technology-enabled and branded consumer product businesses. Stripes emphasizes being the first institutional investor in a company and seeks businesses with strong growth potential. The firm actively initiates contact with potential Portfolio Companies and conducts thorough due diligence. Stripes discloses potential risks associated with its investment strategies, including business risks, investing in growth businesses, and investing in less established companies. The firm has a Code of Ethics to promote high ethical standards and mitigate conflicts of interest. Stripes has custody of client accounts and provides audited financial statements to partners annually. The firm has discretionary authority over the Funds' assets and may vote on corporate matters if required. Stripes does not require prepayment of fees exceeding $1,200 per client and has not been subject to a bankruptcy petition in the last ten years.