Daiwa Capital Management Silicon Valley Inc.

Daiwa Capital Management Silicon Valley Inc. is an investment adviser registered with the SEC, established in December 2019. The firm provides investment advisory services to privately offered pooled investment vehicles, focusing on venture capital investments. The Funds managed by Daiwa Capital Management Silicon Valley Inc. are exempt from registration as investment companies under the Investment Company Act of 1940. The firm co-manages two funds along with WiL, LLC, primarily investing in venture capital and venture capital funds. The firm manages approximately $280,652,947 in regulatory assets under management as of March 31, 2024, all advised on a discretionary basis. Daiwa Capital Management Silicon Valley Inc. charges management fees based on a percentage of total capital commitments to the Funds, with the fee percentage varying by Fund. The firm may also receive performance-based compensation in the form of carried interest from the Funds. Clients of the firm are the Funds, not individual investors. The firm has a Code of Ethics in place to address conflicts of interest and requires supervised persons to report personal securities transactions. Daiwa Capital Management Silicon Valley Inc. does not participate in a wrap fee program and does not engage in principal transactions. The firm generally does not vote proxies for the Funds but has established policies and procedures for proxy voting if required. Daiwa Capital Management Silicon Valley Inc. does not have any reportable disciplinary events and has not been subject to a bankruptcy petition in the past ten years.