Trivest Investment Advisors LLC

Item 5. Fees and Compensation.
   A. Trivest’s fee and compensation arrangements vary among the Funds. The specific terms of
      such arrangements are set forth in each Fund’s limited partnership or other operating
      agreements (the “Fund Agreements”, and together with any relevant private placement
      memoranda or other offering documents, the “governing documents”).

      As compensation for its services, Trivest Partners typically receives a management fee
      from each Fund. Generally, the management fee is based on a percentage of the aggregate
      capital commitments of the Fund’s third-party investors prior to the earliest of: (i) the
      expiration of a Fund’s commitment period, or (ii) the date on which capital contributions
      have been fully drawn down. Thereafter, the management fee is generally based on a
      particular Fund’s aggregate invested capital. Although the terms of the management fee
      vary among Funds, they are typically 2.0% per annum of committed or invested capital,
      as applicable. Management fees may be negotiated with certain investors. Trivest Partners
      also receives a performance-based fee, which is described in more detail in Item 6 below.

      In addition to the management and performance fees, Trivest Partners receives Portfolio
      Company monitoring fees, transaction fees, and other fees payable with respect to
      invested capital. A Fund’s management fee may be offset or reduced by a portion of such
      other fees. The management fee may be further reduced, waived, or rebated at the sole
      discretion of Trivest Partners. To the extent that Trivest Partners has an opportunity to
      earn a fee in connection with an acquisition, disposition, financing or co-investment, it
      may have a perceived conflict of interest. However, Trivest Partners believes that the
      management fee offset provisions described above and the substantial equity commitment
      in the Portfolio Companies by the Trivest Partners management team substantially
      mitigates actual conflicts that may arise from this fee structure. As described further in a
      Fund’s governing documents, any carried interest, management and other related fees
      received by Trivest Partners in respect of any co-investor’s participation in any co-
      investment shall not be offset against a Fund’s management fee. At the discretion of the
      Trivest Partners, a Fund will only benefit from an offset in respect of its own pro rata
      share of consulting fees, monitoring fees, investment banking fees, advisory fees,
      transaction fees or similar fees or any other compensation received by Trivest in respect
      of a Fund investment or prospective investment (“Supplemental Fees”), and not the
      portion attributable to any other Fund or a co-investor.

      As a matter of practice, Trivest is typically paid Supplemental Fees from, on behalf of or
      with respect to co-investors and other owners of an investment, as well as other fees
      relating to the structuring and administration of co-investment arrangements, subject to
      the terms of the applicable Fund’s Fund Agreement. The receipt of such fees will not

Trivest Investment Advisors, LLC                             Investment Adviser Brochure / 2026

      reduce the management fee payable by any Fund(s) that have also invested in such
      investment, and, as a result, a Fund will, in most cases, only benefit with respect to the
      relevant allocable portion on a “fully diluted” basis of any such fee. As a result, a Fund
      will not benefit from (and Trivest and its affiliates are expected to retain) the portion of
      any fee attributable to, among other items: (i) the relevant general partner, affiliated
      partner or similar fee-free investor commitments (ii) co-investors or potential co-investors
      (which could include co-investment vehicles managed by Trivest, service providers
      (including suppliers, vendors, consultants, lenders, law firms (including Fund or
      transaction counsel), placement agents, transaction service providers and their respective
      affiliates, personnel and related investment vehicles (together, “Service Providers”)),
      third parties, current or former Portfolio Company management or personnel, sellers or
      members of Trivest management that have rolled their interest or reinvested proceeds in
      the Portfolio Company and/or other owners); or (iii) the value of profits, participation or
      equity interests in or relating to the relevant Portfolio Company, including interests owned
      by current or former Portfolio Company management, which have the potential to be
      significant. Non-controlling investments in a Portfolio Company will result in the
      applicable Fund (including TGIF III and its successor funds) having a smaller ownership
      percentage in respect of such Portfolio Company and accordingly, decrease the portion of
      such fees that would reduce the management fee payable by such Fund (and
      correspondingly increase the portion of such fees retained by Trivest and its affiliates).
      Trivest’s ability to retain such amounts provides it with an incentive to increase the
      portion of each relevant investment held by such persons. Unless otherwise agreed with
      investors, Supplemental Fees generally will be payable without further offset during term
      extensions, even if management fees are reduced or eliminated during the extended term,
      thus reducing the amounts of management fees actually offset. Trivest is not required to
      rebate any excess Supplemental Fees to a Fund, including at the end of the Fund’s life; all
      remaining fees shall be retained by Trivest and shall not be subject to offset or rebate.
      This creates an incentive for Trivest to structure or delay the receipt of Supplemental Fees
...

Item 7. Types of Clients.
Trivest’s Clients are the Funds, which are pooled investment vehicles that are excluded from the
definition of “investment company” pursuant to private fund exemptions set forth in the
Investment Company Act of 1940, as amended (the “Investment Company Act”). Therefore, they
are not registered as investment companies. Investors in the Funds include high net worth
individuals, pension plans, endowments, trusts, insurance companies, financial institutions and
other U.S. and non-U.S. corporations.

In general, the minimum initial investment in a Fund is $5.0 million, although lesser amounts
may be accepted in the discretion of the general partner.