Trilinc Global Advisors LLC

Item 5. Fees and Compensation

Fund Fees
All Fund fees, allocations and expenses are described in detail in the respective Fund’s Governing
Documents, which Investors are encouraged to review. The Funds pay TLGA a fee (the “Management
Fee”) equal on an annual basis to 1.25% (calculated and payable quarterly) of the indirect investment of the
feeder funds into the master funds, adjusted for the total profit or loss generated during the quarter from
both the feeder funds and intermediate funds. For certain Investors located outside the United States, the
Management Fee is equal on an annual basis up to 1.75% (calculated and payable quarterly) of the indirect
investment of the Cayman feeder funds into the master funds, adjusted for the total profit or loss generated
during the quarter from both the Cayman feeder funds and intermediate funds.
The Management Fee is paid quarterly in arrears as of the last day of each fiscal quarter and is deducted
from each Investor’s Capital Account as of the end of the calendar quarter. The Management Fee is prorated
for any capital invested during the quarter based on the ratio of the number of calendar days the capital was
invested during the quarter to the total number of calendar days of the quarter. For periods of less than a
fiscal quarter, the Management Fee is prorated based on the ratio of the number of months in such period
to the number of months in the fiscal quarter.

The Funds also pay TLGA an annual (TGSIF) or quarterly (TGIF II and TGSIF II) incentive allocation or
carried interest (“Performance Allocation”). Any such Performance Allocation is debited from the Capital
Account of each Investor, in an amount based on the increase, if any, in the Investor’s Capital Account (as
adjusted for contributions and withdrawals during the fiscal year and including net realized and unrealized
gains and net investment income) for the relevant year, net of any amounts credited to such Investor’s Loss
Carryforward Account (as defined below). Before any Performance Allocation is made to TLGA, each
Investor will receive a preferred return of any such increase, reflecting a 7% annualized return on their
Capital Account balance during the applicable Performance Allocation measurement period (in the event
that an Investor’s annualized return is less than 7%, this shortfall will not be carried forward or applied to
any future period). After the 7% preferred return, all of the increase in an Investor’s Capital Account balance

FORM ADV PART 2A                         TRILINC GLOBAL ADVISORS, LLC                           MARCH 31, 2026

will be allocated to TLGA until TLGA has received a Performance Allocation equal to a 1.75% annualized
return on such Capital Account balance during the applicable period. The remainder of such increase, if
any, will be allocated 80% (or 85%) to the Investor and 20% (or 15%) to TLGA. Allocations are generally
made at the close of each applicable fiscal year or quarter but may be made more frequently upon the earlier
withdrawal of an Investor.

The Funds maintain a cumulative loss carryforward account for each Investor (a “Loss Carryforward
Account”). Each Investor’s Loss Carryforward Account will be debited with any net loss (taking into
account the Investor’s share of the Management Fee) allocated to such Investor’s Capital Account. TLGA
will not be allocated any Performance Allocation with respect to an Investor’s Capital Account (or
subaccount thereof) until such Investor has recovered all amounts debited to its associated Loss
Carryforward Account (as adjusted for any withdrawals of capital). This Loss Carryforward Account
effectively imposes a “high water mark” on each Investor’s Capital Account so that TLGA does not receive
a Performance Allocation for recovering past losses incurred by an Investor. As noted above, each of the
Funds’ Governing Documents contain a more detailed and precise description of TLGA’s fees and other
compensation received from the Funds, and Investors in the Funds should refer to those documents to fully
understand TLGA’s compensation.

TLGA has reduced the Performance Allocation with respect to certain initial Investors in the Funds and, in
our discretion, may reduce, waive, rebate, modify or otherwise agree to change all or any portion of the
Management Fee or Performance Allocation receivable from an Investor.

Eligible Local Market Agents will be paid up to 50% of TLGA’s compensation for the amount of earned
Performance Allocation exceeding 7% but less than or equal to 8.75% on an annual basis (the “catch up”),
and up to 62.5% of TLGA’s compensation for the amount of earned Performance Allocation greater than
8.75%.

Fund Expenses
Each Fund bears all the direct costs (if any) of administering its own business, including, without limitation,
all costs and expenses directly related to current or prospective investments (whether or not ultimately
consummated), including due diligence, brokerage commissions, custodial fees, auditing, accounting and
tax preparation fees and expenses, interest on borrowings, governmental fees and taxes, ongoing legal
expenses (including legal expenses incurred by TLGA for the Funds), expenses of TLGA as the Manager
(including professional services and insurance), fees and expenses of the administrator, fees and expenses
for valuation services, and the expenses of offering and selling Interests. The feeder funds also bear, or
reimburse TLGA for, their own organizational expenses and pro rata share of the organizational expenses
of the master funds and the intermediate funds. TLGA may, in our sole and absolute discretion, pay or
reimburse the Funds for any or all such expenses. To the extent that expenses to be borne by the feeder
funds, the intermediate funds or the master funds are paid or incurred by TLGA, the feeder funds, the
intermediate funds or the master funds reimburse TLGA for such expenses. TLGA will, at no cost to the
...

Item 7. Types of Clients

Currently, we only provide investment advice to the Funds. We do not provide investment advice directly
to Investors in the Funds.

FORM ADV PART 2A                        TRILINC GLOBAL ADVISORS, LLC                          MARCH 31, 2026

Investors in TGSIF and TGSIF II must be a “qualified purchaser” within the meaning of the Investment
Company Act and an “accredited investor” within the meaning of Regulation D under the Securities Act.
TGSIF and TGSIF II offered their interests with a minimum capital commitment of US$500,000 and closed
their offerings in December 2018 and June 2021, respectively.

Investors in TGIF II must be an “accredited investor” within the meaning of Regulation D under the
Securities Act. Generally, the minimum initial investment by an Investor in TGIF II is US$50,000.

We reserve the right to raise, reduce, or waive the minimum investment commitments of any Investor or
Clients.