Sheridan CP LP

Item 5.

Sheridan also serves as the filing adviser in an umbrella registration with the U.S. Securities and
Exchange Commission together with its affiliated relying adviser, Sheridan HCIT CP, LP (the “Relying
Adviser”). The Relying Adviser is under common control with Sheridan and, together with Sheridan,
conducts a single advisory business. The Relying Adviser participates in providing investment advisory
services to the Funds described in this brochure. Except to the extent prohibited by the Offering
Documents, Sheridan, its affiliates and personnel are permitted to market, organize, sponsor or act in
other capacities (including as director, founder or manager) for other pooled investment vehicles,
accounts or SPACs and to receive compensation (including in the form of management fees,
performance-based compensation, founders’ equity or similar interests) relating thereto. Subject to any
limitations imposed by the Offering Documents and anti-“assignment” provisions of the Advisers Act,
Sheridan, its affiliates and personnel are also permitted to offer, restructure and monetize the revenue
streams they currently receive directly or indirectly from the Funds, or expect to receive from the Funds
in the future. Subject to any restrictions in the Offering Documents, this monetization could occur in
many forms, including: public offerings of Sheridan or an affiliate; borrowing against Sheridan’s, its
affiliates’, or the General Partner’s investment in, or right to receive revenues from, one or more Funds;
preferred financing or other strategic investment by a third party in one or more Sheridan entities in
which a third party provides liquidity in exchange for the right to receive a specified return; selling or

donating their interests in the Funds or in one or more Sheridan entities to third parties; or other financial
arrangements, including those in which Sheridan, its affiliates and personnel agree to pledge, sell,
securitize, syndicate, participate or otherwise encumber or transfer their respective interests. Although
Sheridan and its personnel intend to abide by any “key person” or “time and attention” requirements in
the Offering Documents, they expect to be subject to potential conflicts of interest in that they will have
financial and other incentives to pursue such monetization arrangements, or to operate Sheridan in a
manner designed to maximize potential proceeds relating to any potential monetization arrangements
in the future. To the extent third-party funding or borrowings are used to finance General Partner
commitment amounts, Sheridan and/or its personnel generally will be less aligned with Limited
Partners than would otherwise be the case.

ITEM 7 - TYPES OF CLIENTS

Sheridan’s clients are the Funds, which are operated as exempt investment pools under the Investment
Company Act of 1940, as amended (the “Investment Company Act”). The investors participating in
the Funds may include individuals, banks or thrift institutions, other investment entities, endowments,
sovereign wealth funds, family offices, public and private pension and profit- sharing plans, trusts,
estates or charitable organizations or other corporations or business entities.
An investor in the Funds must be an “accredited investor” within the meaning of Rule 501 of Regulation
D under the Securities Act of 1933, as amended, and a “qualified purchaser” as defined in Section
2(a)(51) of the Investment Company Act. The minimum initial investment in the Funds is generally $5
million; however the General Partner may, in its sole discretion, permit investments below the
minimum amount.