Palm Beach Capital Management Iii, LLC

Palm Beach Capital Management III, LLC, established in 2008, is a Florida-based investment adviser specializing in managing investments in private equity funds. The firm acts as the management company to the Funds, providing administrative, management, investment, and consulting services. The Funds invest in lower middle-market private companies primarily in Florida, with a focus on industries with growth opportunities. The firm's investment strategy involves identifying companies at a growth inflection point and partnering with experienced entrepreneurs to accelerate growth. Palm Beach manages discretionary assets of $935,137,579 as of December 2024. For clients, the Funds pay an annual management fee of 2% of aggregate commitments during the commitment period and 2% of invested capital thereafter. Performance-based fees, or "Carried Interest," are allocated to general partners after investors receive their capital plus an 8% return. Clients include institutions and high-net-worth individuals meeting specified investment criteria. The firm acts as a fiduciary, putting clients' interests first. Investment discretion is provided directly to the Funds, not individual investors. Palm Beach has no legal or disciplinary events to disclose and has implemented a Code of Ethics to ensure ethical conduct. The firm's brokerage practices focus on obtaining best execution for transactions, and it has policies to address conflicts of interest. Clients receive regular financial reports and have access to proxy voting records upon request.