NewRoad Capital Partners, LLC, a registered investment adviser established in 2015, specializes in private equity investments. The firm manages various private pooled investment vehicles, including Fund I, Fund III, Fund IV, and others, focusing on minority investments in privately held companies. With approximately $502 million in regulatory assets managed on a discretionary basis, NewRoad employs an operator-led approach, leveraging industry relationships and operational expertise to add value to investments. The firm's investment strategy involves detailed analyses and active management post-investment to drive revenue and earnings growth. Clients of NewRoad include institutional investors, family offices, funds of funds, and high net-worth individuals, subject to varying minimum investment amounts. The firm charges management fees between 1.5% and 2.0% annually and may receive carried interest based on investment proceeds. NewRoad discloses potential risks associated with private equity investments, emphasizing the lack of guaranteed profitability or return of capital. The firm's Code of Ethics and Compliance Manual outline standards of conduct, including restrictions on personal securities trading and provisions for co-investment opportunities. NewRoad does not typically use brokers for securities transactions, and it exercises full discretionary authority over its funds, with limited restrictions based on investor agreements. The firm maintains custody of fund assets, adhering to regulatory requirements, and has no disciplinary events to disclose. Additional information on NewRoad's financial industry activities, affiliations, and potential conflicts of interest is available upon request.

Mach-1 Financial Group, LLC is an Arkansas-based investment advisory firm established in February 2020. The firm specializes in providing asset management services to high net-worth individuals, trusts, corporations, partnerships, and other legal entities. Mach-1 Financial offers discretionary portfolio management services through a wrap-fee program, utilizing third-party sub-advisers or managers for asset management services. Clients have a direct relationship with Mach-1 Financial, and the firm grants limited authority to sub-advisers or managers to effect trades consistent with its direction. The firm charges an annual management fee based on the value of the account, ranging from 1.85% to 1.55%, with negotiable fees for accounts above $5,000,001. Mach-1 Financial may utilize third-party vendors for separate account management, performance reports, trading, research, and billing. The firm does not charge performance-based fees and does not take discretion with respect to voting proxies on behalf of clients. Clients may grant limited power of attorney to Mach-1 for trading activity in their accounts. The firm conducts periodic reviews of client accounts and does not compensate third parties for client referrals. Mach-1 Financial has agreements with AE Wealth Management, LLC and Betterment entities, creating potential conflicts of interest. The firm has adopted a Code of Ethics and policies to prevent insider trading and ensure client interests are prioritized. There are no financial conditions impairing the firm's ability to meet commitments to clients.