Abdiel Capital Advisors, LP

Abdiel Capital Advisors, LP (“Adviser” or “Abdiel”), a Delaware limited partnership, began operations in March of 2006 and is owned by Colin T. Moran and Geoffrey M. Gentile (together, the “Principals”). Immediately prior to founding the Adviser, Colin T. Moran worked as a partner at Chieftain Capital Management. Geoffrey M. Gentile was an associate director at Barclays Capital before leaving to start Abdiel in 2006. For purposes of this Brochure, “Adviser” or “Abdiel” also includes (where the context permits) its affiliated GP (as defined below) and other affiliates that provide advisory services to and/or receive advisory fees from the Fund (as defined below). Such affiliates are under common control with Abdiel Capital Advisors, LP, and serve as the general partner to the Fund and/or the Proprietary Account. The Adviser’s client is Abdiel Investments LP (the “Fund”), a private fund and hedge fund. The Fund is exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). In addition, the Adviser and/or its affiliates provide investment advice to certain internal proprietary accounts (“Proprietary Accounts”), together with the Fund (the “Investing Vehicles”). The Adviser has a single strategy and seeks over a three- to five-year time horizon to deliver attractive absolute returns and to outperform the U.S. equity markets while minimizing the likelihood of permanent impairment of the Fund’s capital. The Adviser generally seeks to do so by investing capital for the long term in a concentrated portfolio of high-quality businesses. The Fund’s ten largest investments frequently comprise more than 75% of invested capital. The Fund may make investments other than in equity securities and other than in good businesses held for the long term. The Fund’s propensity to do so will depend on the attractiveness of specific opportunities in other asset classes. The Adviser does not restrict itself to particular geographies, industries, or asset classes. The above discussion is of a general nature and is not intended to be an exhaustive description of the strategy used by the Adviser. The Fund may engage in any investment strategies that the Adviser considers appropriate. The Adviser provides investment supervisory services to the Fund in accordance with the limited partnership agreement and other organizational documents of the Fund, including the investment management agreement, together with any side letter agreements negotiated with investors in the Fund (collectively, the Fund’s “Organizational Documents”) Investment advice is provided directly to the Fund, subject to the discretion and control of the general partner, and not individually to the investors in the Fund. Services are provided to the Fund in accordance with the Organizational Documents of the Fund. Investment restrictions for the Fund, if any, are generally established in the Organizational Documents. As of December 31, 2025, the Adviser managed client regulatory assets totaling $ 141,929,097, all of which were managed on a discretionary basis.

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As compensation for investment supervisory services rendered to the Fund, the Adviser receives a management fee (“Management Fee”). The Adviser will generally deduct its Management Fees on a quarterly basis, payable in advance, at a rate based on the value of assets under management for the applicable calendar quarter. Management Fees are prorated for each capital contribution made during the applicable calendar quarter. Upon termination of any account, any prepaid, unearned fees will be promptly refunded, and any earned, unpaid fees will be due and payable. Pursuant to the offering memoranda, the general partner of the Fund (“GP”) may, from time to time, reduce, increase, waive, or calculate differently the Management Fee with respect to any investor; provided, however, that after giving effect to any such increase, decrease, waiver, or calculation, the Management Fee will not exceed 0.375% per quarter for any investor. Such modifications may be done both voluntarily and on a negotiated basis with selected investors. In addition, capital accounts established for investors who are members, partners, affiliates, employees, or former employees of the GP or the Adviser, or members of the immediate families of such persons (including any related entity established by, or for the benefit of, any of the foregoing, such as trusts, charitable programs, endowments or related programs, family investment vehicles and other estate planning vehicles) (collectively, “Adviser Investors”) do not pay their portion of the Management Fee for any of the Fund. The fee structures described herein may be modified from time to time and fees may vary among investors in the Fund. In consideration for the portion of the Management Fee paid to the Adviser by the Fund, the Adviser will render certain administrative and investment management services to the Fund and the Adviser will bear certain administrative expenses and not seek reimbursement for these expenses. For example, the Adviser will provide to the Fund office space and utilities, and secretarial, clerical, and other personnel. The portion of the Management Fee paid to the Adviser by the Fund may exceed the expenses borne by the Adviser on behalf of the Fund. To the extent that expenses to be borne by the Fund, as summarized below and detailed in the offering memoranda, are paid by the Adviser or its affiliates, the Fund will reimburse the Adviser or its affiliates directly for such expenses. In addition to the Management Fee paid to the Adviser, the Fund will incur other fees and expenses. These include, without limitation, (i) any and all costs and expenses incurred in connection with the evaluation, acquisition, monitoring or disposition of investments, including, without limitation, brokerage commissions, research-related expenses (including, without limitation, for news and quotation equipment and services, technology and systems used to obtain research and other information, third-party diligence software and service providers and subject- and industry-matter research and experts, including licensing fees) related to research, market data and due diligence, analysis, purchase or sale of investments, interest on margin accounts and other indebtedness, borrowing charges on securities sold short, clearing and settlement charges, interest expenses, travel and lodging expenses (which, for the avoidance of doubt, includes air travel, ground transportation, accommodations and meals), commitment fees, custodial fees, transfer taxes and premiums, and legal, accounting, auditing, consulting, information services and professional fees related to the discovery, investigation, development, making, management and disposition of investments (in each case, whether or not consummated); (ii) any and all expenses (including, without limitation, costs of printing and mailing) incurred in connection with the Fund’s financial statements, reports, notices, tax returns, and K-1s (or similar schedules); (iii) any and all -5-

accounting, auditing and tax preparation expenses, and costs of portfolio management and accounting systems; (iv) any and all fees of the Fund’s administrator; (v) any and all corporate licensing fees and other professional fees, bank service fees, withholding and transfer fees; (vi) any and all entity-level taxes; (vii) any and all fees and disbursements of attorneys, accountants, auditors and other professionals (including, without limitation, expenses of in-house and third party consultants, service providers and experts) relating to the Fund or investment matters, including, without limitation, fees and disbursements associated with updating the Fund’s subscription documents; (viii) any and all taxes and other governmental charges that may be incurred or payable (or otherwise economically borne) by the Fund or any subsidiary thereof, and all expenses incurred in connection with any tax audit, investigation, settlement or review of the Fund, expense incurred in connection with tax preparation and filings, expenses relating to the preparing, printing and distributing of investor reports and disclosures physically or electronically,; (ix) any and all insurance premiums, fees, and expenses incurred to benefit, directly or indirectly, the Fund, the GP, as applicable, the Adviser, and other indemnified persons, or any special purpose vehicle or other asset, including, without limitation, property insurance or errors, omissions, fidelity, general partner liability, directors’ and officers’ liability, and similar coverage for any person acting on behalf of the Fund, the GP, as applicable, or the Adviser or any of their affiliates providing services to the Fund; (x) any and all expenses (including legal fees and expenses) incurred to comply with any law or regulation related to the activities of the Fund or incurred in connection with any litigation (including discovery requests) or governmental inquiry, investigation, or proceeding involving the Fund, including the amount of any judgments, settlements or fines paid in connection therewith, except, however, to the extent such expenses or amounts have been determined to be excluded from the indemnification provided in the Fund’s Organizational Documents; (xi) any and all costs and expenses incurred in connection with the dissolution, winding up or termination of the Fund; (xii) any and all costs and expenses incurred in connection with computing the value of the assets of the Fund; (xiii) any and all costs and expenses incurred in connection with any meeting or conference of the Fund’s investors held as provided in the Fund’s Organizational Documents (including prospective investors and current Fund investors); (xiv) any and all expenses related to the Fund’s indemnification obligations pursuant to the Fund’s Organizational Documents; (xv) subject to the terms set forth in the Fund’s Organizational Documents, other expenses related to the purchase, sale, or transfer of ownership interests or assets in the Fund; (xvi) organizational expenses of the Fund (other than marketing and placement fees relating to the sale of ownership interests during any period that the Fund is considered to hold “plan assets” for purposes of the U.S. Employee Retirement Income Security Act of 1974, as amended, and the U.S. Internal Revenue Code of 1986, as amended, including legal and accounting fees (and related disbursements and other charges) incurred in connection therewith, and expenses with respect to the offering of ownership interests in the Fund (including travel and accommodations of personnel of the GP and the Adviser and certain GP registration expenses); (xvii) expenses relating to developing and maintaining artificial intelligence tools and systems, including machine learning technology and generative artificial intelligence (collectively, “AI Technologies”) for the benefit of the Fund (including, but not limited to, costs of diligencing, engaging, monitoring and utilizing professional service providers, subscriptions and related software and hardware, server infrastructure and hosting, and the expenses, fees, charges and/or related costs incurred, charged or specifically attributed or allocated (based on methodologies determined by the Adviser) to the Fund for the Adviser’s internally generated AI Technologies, and (xviii) extraordinary expenses and other similar expenses of the Fund. -6-

In addition, the Adviser, from time to time, engages one or more fund administrators or similar service providers to perform certain functions in relation to the Fund, which services may include coordination of the Fund’s legal entity management function, anti-money laundering or “know your customer” diligence and investor verification services in connection with the onboarding, periodic refresh, and ongoing participation of investors in the Fund, execution and recordkeeping associated with applicable tax elections and filings, support for the valuation process and investor correspondence, investor data management and reporting requests as well as data collection required for, and preparation and distribution of, various regulatory reporting with which the Fund are required to comply. In certain instances, employees of such service providers dedicate substantially all of their time to the Fund or spend all or a significant majority of their business time at the Adviser’s offices. These expenses related to such service provider employees are borne by the Fund. The Fund will bear the expense of all third-party administrator service providers, even if there is some overlap in the services provided by such third-party administrator and Adviser Personnel. Please see Item 12, which further describes the factors that the Adviser considers in selecting or recommending broker-dealers for client transactions and determining the reasonableness of their compensation (e.g., commissions). A conflict of interest could arise with respect to the Adviser’s determination of whether certain costs or expenses (or portions thereof) that are incurred in connection with the operation or activities of the Fund are expenses for which the Fund is responsible, or are expenses that should be borne by the Adviser and/or the Proprietary Accounts. Certain expenses may be the obligation of one particular Investing Vehicle and may be borne by such Investing Vehicle, or expenses may be allocated among multiple Investing Vehicles. Each Investing Vehicle will generally be reliant on the determinations of the Adviser with regard to the allocation of investment expenses and any common operating and other expenses as between more than one Investing Vehicle. The Adviser allocates fees, costs and expenses in accordance with the Fund’s Organizational Documents. To the extent not addressed in the Organizational Documents of the Fund, the Adviser will make allocation determinations among the relevant parties on a fair and reasonable manner using its good faith judgment. Such allocation determinations are inherently subjective and give rise to conflicts of interest due to the inherent biases in the process. The Adviser will make any corrective allocations and take any mitigating steps if it determines in its sole discretion that such corrections are necessary or advisable to ensure allocations are equitable on an overall basis in its good faith judgment. Notwithstanding the foregoing, the portion of an expense allocated to the Fund for a particular service will not always reflect the relative benefit derived by the Fund from that service in any particular instance and the Adviser may determine an allocation of expenses to be fair and equitable even where the Fund is required to bear more than its proportional share of such fees or expenses relative to another Investing Vehicle receiving the same service or participating in the same transaction. Also, the consideration of which relevant party will bear an expense is in certain circumstances expected to result in the Adviser determining that it is equitable for the Fund bearing more than its pro rata portion of certain fees, costs and expenses. This Adviser’s discretion in making such determination creates a potential conflict of interest as the Adviser may have an incentive to allocate expenses to the Fund over a Proprietary Account. In addition, the Fund will bear more or less of a particular expense based on the methodology used. For a discussion of how such conflicts of interest related to allocation of expenses may be resolved, please see “Resolution of Conflicts of Interest” in Item 11 below. -7-

When a broker is used in connection with an investment by the Fund, the Fund will incur brokerage and other transaction costs. For a further discussion of these and related items, please see “Brokerage Practices” in Item 12 below. For information regarding Incentive Allocation (as defined below), please see “PerformanceBased Fees and Side-by-Side Management” in Item 6 below.

Regarding the single strategy mentioned in Item 4, the Adviser seeks over a three- to five-year time horizon to deliver attractive absolute returns and to outperform the U.S. equity markets while minimizing the likelihood of permanent impairment of the Fund’s capital. The Adviser generally seeks to do so by investing capital for the long term in a concentrated portfolio of high quality businesses. The Fund’s ten largest investments frequently comprise more than 75% of invested capital. An important attribute of a good business, for the Fund’s purposes, is that its earnings stream be durable. A competitive advantage the Adviser can understand is normally a good sign that a business’s earning stream is durable. The Adviser also favors businesses that can increase their market share over time, have recurring revenue, and are controlled by people with a large portion of their net worth invested in the business. Notwithstanding the foregoing strategy summary, the Adviser does not restrict itself to particular geographies, industries, or asset classes. The Fund may make investments other than in equity securities and other than in good businesses held for the long term. The Fund’s propensity to do so will depend on the attractiveness of specific opportunities in other asset classes. Examples of such asset classes include, but are not limited to, options, fixed income securities, and special situations such as merger arbitrage, spinoffs, recapitalizations, and liquidations. The Fund may also sell securities short. The following risk factors do not purport to be a complete description of the risks involved in investing in the Fund. Please refer to the offering memorandum for a more complete description of the risks involved in investing in the Fund. In addition, as the Fund’s investment program develops and changes over time, an investment in the Fund may be subject to additional and different investment considerations. Investing in securities involves risk of loss, including to principal, that clients and investors must be prepared to bear. In addition, material risks relating to the investment strategies and methods of analysis described above, and to the types of securities typically purchased by or for the Fund, include the following: General Investment Risks Concentration of Investments. The Fund invests in a concentrated portfolio and is not required to be diversified. The Fund’s ten largest investments frequently comprise more than 75% of invested capital. Such non-diversification increases the risk of loss to the Fund if there is a decline in the market value of any security or sector in which the Fund has invested a large percentage of its -9-

assets. For example, the Fund’s portfolio could result in concentrated exposures to particular geographies, sectors, industries or other similar categories, such that the Fund would be more exposed to the risks associated with such geographies, sectors, industries or other categories than a more diversified portfolio. In addition, the Fund may be required to make certain Exchange Act filings due to the size of certain of its investment positions. Custodial Risk. The Fund’s prime brokers will have custody of the Fund’s securities, cash, distributions, and rights accruing to the Fund’s securities accounts. SEC rules require the prime brokers to maintain physical possession and control of fully paid securities held in the Fund’s account and to establish certain reserves for the benefit of customers. However, subject to these limitations, the prime brokers generally have the ability to loan, pledge, and rehypothecate the securities in the Fund’s account, as is typical market practice, and may have insufficient assets to meet all of its obligations to customers in the event of an insolvency of the prime brokers. In such an event, the Fund would typically not have a right to recover its securities held by the prime brokers, but would rather have only an unsecured claim against the prime brokers and participate pro rata with other customers of the prime brokers in the proceeds of the sale of customer securities. Also, even if the prime brokers do have sufficient assets to meet all customer claims, there could be a delay before the Fund receives assets to satisfy its claims. In order to manage the risks associated with prime broker insolvency, the Fund may establish relationships with multiple prime brokers. However, there can be no assurance that the Fund will be able to establish or maintain such relationships. In addition, the Fund may not be able to identify potential solvency concerns with respect to the Fund’s prime brokers or to transfer assets from one prime broker to another prime broker in a timely manner. The prime brokers may hold the Fund’s securities through third parties such as clearing corporations, other brokers, or banks. In addition, the Fund may hold securities, cash, and other assets directly with banks or other third parties not associated with the prime brokers. As a result, the Fund may be subject to credit risk with respect to such third parties as well as with respect to the prime brokers. In addition, certain of the Fund’s assets may be held by non-U.S. affiliates of the Fund’s prime brokers and entities other than the prime brokers. Assets held by such non-U.S. affiliates may be subject to legal regimes that provide fewer or different investment protections than the U.S. If the Fund has over-collateralized derivative contracts, it is likely to be an unsecured creditor of any such counterparty in the event of its insolvency. Also, even if the Fund’s prime broker or such other third parties do have sufficient assets to meet all claims, there could be a delay before the Fund receives assets to satisfy its claims. The Fund may change the brokerage arrangements described in this Brochure at any time without notice to the investors. There is likely to be operational and other delays associated with changes in prime brokerage arrangements. Financial Market Fluctuations. General fluctuations in the market prices of securities may affect the value of the investments held by the Fund. Instability in the securities markets will also likely increase the risks inherent in the Fund’s investments. There is no guarantee that ordinary and prudent precautions for natural and other disasters will provide an effective connection between the Adviser and markets in the event of large-scale disruptions in the United States or, alternatively, in the countries where the Adviser executes trades. Lack of Liquidity in Markets. The markets for many securities and other investments are thinly traded from time to time. This lack of liquidity and market depth could disadvantage the Fund, both in the realization of the prices which are quoted and in the execution of orders at desired prices or in desired quantities. Also, domestic and international securities exchanges and the SEC -10-

and other regulatory authorities have authority to suspend trading in a particular security without notice. Liquidity Risk. The Fund may invest in assets and derivatives which it may not be able to readily sell or dispose of, including securities whose disposition is restricted by securities laws. The Fund’s ability to sell assets or derivatives may be adversely affected by various factors, including limited trading volume, lack of a market maker, or legal restrictions. Other instruments, and in particular, caps, floors, collars, and certain other derivatives, may also have varying liquidity and/or pricing availability. Short sales are particularly subject to liquidity risk because the Fund’s purchase of securities or currencies to close out a short position can itself cause the price of the securities or currencies to rise further, thereby exacerbating the loss. It is also possible that an exchange or governmental authority may suspend or restrict trading on an exchange or in particular securities or other instruments traded on the exchange. It may not always be possible to execute a buy or sell order at the desired price or to liquidate an open position, either due to market conditions on exchanges or due to the operation of daily price fluctuation limits (the maximum permitted fluctuation in the price of a futures or options contract during any trading day) or “circuit breakers.” Market Disruption and Geopolitical Risk. The Fund is subject to the risk that war, terrorism, and related geopolitical events may lead to increased short-term market volatility and have adverse long-term effects on the U.S. and world economies and markets generally, as well as adverse effects on issuers of securities and the value of the Fund’s investments. War, terrorism, and related geopolitical events have led, and in the future may lead, to increased short-term market volatility and may have adverse long-term effects on U.S. and non-U.S. economies and markets generally. Those events as well as other changes in U.S. and non-U.S. economic and political conditions also could adversely affect individual issuers or related groups of issuers, securities markets, interest rates, credit ratings, inflation, investor sentiment, and other factors affecting the value of the Fund’s investments. At such times, the Fund’s exposure to a number of other risks described elsewhere in this section can increase. Pandemic Outbreak Risks. Infectious diseases (each a “Pandemic”) have meaningfully disrupted the global economy and markets. Pandemics and their global impacts have and may continue to have ongoing material adverse effects across many, if not all, aspects of the regional, national and global economy. For example, the spread of a Pandemic among the Adviser’s personnel and its service providers could significantly affect the Adviser’s ability to properly oversee the affairs of the Fund (particularly to the extent such impacted personnel include key investment professionals or other members of senior management). The full effects, duration and costs a Pandemic remain impossible to predict, and the circumstances surrounding a Pandemic will continue to evolve. Market Conditions. The Fund will be materially affected by conditions in the financial markets and economic conditions throughout the world, including regulatory interventions, interest rates, availability and terms of credit, inflation rates, economic uncertainty, changes in laws, trade barriers, commodity prices, currency exchange rates and controls and national and international political and social circumstances. Difficult market conditions, such as those occurring due to a Pandemic or those occurring due to social movements may adversely affect the Fund’s business and operations by reducing the value or performance of its investments or by reducing its ability to raise or deploy capital, each of which could negatively impact the returns to investors. In addition, the Adviser’s view of macroeconomic conditions influences the Adviser’s investment -11-

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The Adviser provides advice to the Fund. Interests in the Fund are offered pursuant to applicable exemptions from registration under the Securities Act and the 1940 Act. Investors in the Fund are generally “qualified purchasers” as defined in the 1940 Act, and include foundations, endowments, funds of funds, family offices, Adviser Investors and high-net-worth individuals. The Adviser does not have a minimum size for the Fund, but minimum investment commitments may be established for investors in the Fund. The GP may in its sole discretion permit an investment below the minimum amount set forth in the Organizational Documents of the Fund.

At the end of each fiscal year, from the Fund, the GP is entitled to an incentive allocation based on the aggregate net capital appreciation allocable to a capital account (the “Incentive Allocation”); provided that the aggregate net capital appreciation upon which the Incentive Allocation is based will be reduced by the amount of the Management Fee debited to such capital for such fiscal year. The GP’s entitlement to the Incentive Allocation is subject to a given capital account’s high water mark. In the event that an investor redeems all or a portion of the investor’s capital account, other than at the end of a fiscal year, net capital appreciation or net capital depreciation, as the case may be, will be determined through the date of termination or the redemption date as if such date were the end of the fiscal year, and a pro-rata Incentive Allocation, if any, from all the capital accounts (in the case of a termination), or such capital accounts with respect to the redemption amount (in the case of a redemption), will be reallocated to the GP’s capital account. The GP, in its sole discretion, may reduce, waive, or calculate differently the Incentive Allocation with respect to certain of the capital accounts. In addition, the Proprietary Accounts as well as capital accounts established for investors who are Adviser Investors are not subject to an Incentive Allocation. The Adviser structures any performance or incentive fee arrangement subject to Section 205(a)(1) of the Advisers Act in accordance with the available exemptions thereunder, including the exemption set forth in Rule 205-3. The GP’s Incentive Allocation may create an incentive for the GP and the Adviser to cause the Fund to make investments that are riskier or more speculative than would be the case in the absence of such allocation. In addition, because the Incentive Allocation is calculated on a basis that includes unrealized appreciation of the Fund’s assets, it may be greater than if the Incentive Allocation were based solely on realized gains. The computations required to be made for purposes of computing the Incentive Allocation may be made separately with respect to separate contributions to or redemptions from the Fund by a particular investor, to reflect appropriately the different times at which investors may have contributed capital to the Fund or redeemed from the Fund, and the net asset values of the Fund at such times. As a result, an Incentive Allocation may be charged with respect to a specific investment in the Fund made by an investor even if no Incentive Allocation would have been charged had all of such investors’ investments been aggregated for purposes of calculating the Incentive Allocation.

The Adviser and its management persons do not have relationships or arrangements with other financial services companies or businesses that create a material conflict of interest. The Adviser and its management persons do not recommend or select other investment advisers for the Fund and therefore do not receive compensation directly or indirectly from such advisers. Abdiel Investments GP, LLC serves as the GP of the Fund. The Adviser provides investment management services to the Fund. Abdiel Capital Partners, LLC is the general partner of the Adviser (the “Adviser GP”). The Principals are the sole owners and members of the Adviser and the Adviser GP. Colin T. Moran is the managing member of the Adviser and the Adviser GP. The GP is exempt from Commodity Pool Operator registration with respect to the Fund under CFTC 4.13(a)(3), the “de minimis” exemption. The GP and the Adviser are each exempt from Commodity Trading Advisor registration with respect to the Fund under CFTC 4.14(a)(8).

The Adviser has adopted a written Code of Ethics (the “Code”) that is applicable to partners, officers, principals, employees and other personnel of the Adviser (“Adviser Personnel”). The Code, which is designed to comply with Rule 204A-1 under the Advisers Act (the “Code of Ethics Rule”), establishes guidelines for professional conduct and personal trading procedures, including certain pre-clearance and reporting obligations. Adviser Personnel and their families and households must seek written approval from the CCO immediately prior to purchasing or selling investments for their own accounts, and are prohibited from trading securities held by the Fund and securities on a restricted list. Under the Code, Adviser Personnel are also required to file certain periodic reports with the Adviser’s CCO as required by the Code of Ethics Rule. The Code assists the Adviser in detecting and preventing potential conflicts of interest. Adviser Personnel who violate the Code may be subject to remedial actions, including but not -38-

limited to penalties or fines, reduced compensation, demotion, unwinding of any applicable trade, disgorgement of trading gains, suspension or termination of employment, or any combination of the foregoing. Adviser Personnel are required to promptly report any violation of the Code of which they become aware and to annually certify compliance with the Code. The Adviser reserves the right to refine and modify the Code and its other policies and procedures over time. A current list of employees of the Adviser is available at https://abdielcapital.com/team/. A copy of the Code will be provided upon request to any existing or prospective client or investor. Please see the Cover Page of this Brochure for contact information. Participation or Interest in Client Transactions Certain employees and affiliates of the Adviser may invest in or alongside the Fund, either through the GP, as direct investors in the Fund or otherwise. As described above, the Adviser or the GP, as applicable, may reduce all or a portion of the Management Fee and Incentive Allocation related to investments held by such persons. For further details regarding these arrangements, as well as conflicts of interest presented by them, please see “Conflicts of Interest” immediately below. Resolution of Conflicts of Interest In the case of all conflicts of interest, the Adviser’s determination as to which factors are relevant, and the resolution of such conflicts, will be made using the Adviser’s good faith judgment, but in its sole discretion. In resolving conflicts, the Adviser may consider various factors, including the interests of the applicable clients with respect to the immediate issue and/or with respect to their longer-term courses of dealing. Certain procedures for resolving specific conflicts of interest are set forth below. When conflicts arise, the following factors may mitigate, but will not eliminate, conflicts of interest: (1) a client will not make an investment unless the Adviser believes that such investment is an appropriate investment considered from the viewpoint of such client; (2) many important conflicts of interest will generally be resolved by set procedures, restrictions or other provisions contained in the Fund’s Organizational Documents or other procedures adopted by the Adviser from time to time; (3) where the Adviser deems appropriate, unaffiliated third parties may be used to help resolve conflicts, such as the use of an investment banker to opine as to the fairness of a purchase or sale price; and (4) prior to subscribing for interests in the Fund, each investor receives information relating to significant potential conflicts of interest arising from the proposed activities of the Fund. While the Adviser endeavors to resolve all conflicts in a fair and impartial manner, there can be no assurance that its own interests will not influence its conduct and decisions. In certain instances, some of such conflicts of interest may be resolved in a manner adverse to a client. There can be no assurance that the Adviser will identify or resolve all conflicts in a manner that is favorable to the Fund and Fund investors may not be entitled to receive notice or disclosure of the actual occurrence of conflicts or have any right to consent to them as they arise. -39-

Other Potential Conflicts of Interest The Adviser and its related entities engage in a broad range of activities, including investment activities for their own account and for the account of the Fund. In the ordinary course of conducting its activities, the interests of the Fund will, from time to time conflict with the interests of the Adviser, Proprietary Accounts or their respective affiliates. Certain of these conflicts of interest, as well a description of how the Adviser addresses such conflicts of interest, can be found below. For the avoidance of doubt, any conflicts of interest noted herein with respect to the Fund are applicable with respect to any investments made by the Proprietary Accounts. The Fund is subject to a number of actual and potential conflicts of interest. The following descriptions of conflicts of interest and the conflicts discussed elsewhere in this Brochure do not purport to be a complete list or explanation of the conflicts involved with the management of the client. Actual and prospective investors in the Fund should consult the Fund’s Organizational Documents for more details on the conflicts of interest associated with an investment in the Fund. Conflicting Investment Interests and Personal Trading. Personal investment by investment professionals and other personnel of the Adviser or its affiliates and persons related thereto can present potential conflicts of interest. Certain Adviser Personnel will dedicate a portion of their time (and in some cases, a significant portion of their time) to managing Proprietary Accounts and will hold a significant, indirect, economic interest in those Proprietary Accounts. The Adviser or Adviser Personnel are expected to, subject to certain restrictions, buy and sell securities or other investments for their own accounts (including, through the avoidance of doubt, through Proprietary Accounts), including making investments in securities of public and private issuers alongside the Fund at different times or in non-pro rata amounts, or in different classes or levels of the capital structure. Such persons may have additional conflicting interests with respect to these investments. In addition, the Adviser Personnel may buy securities and hold investments as passive investments in other investment vehicles, such as private equity funds, private venture capital funds, hedge funds, real estate funds, mutual funds and other investments, including potential competitors of the Fund and/or which may invest in similar sectors or industries as the Fund. Such persons have a conflict of interest with respect to these personal holdings. There could be situations in which such investment vehicles invest in the same securities as the Fund and there may be situations in which such vehicles purchase securities from, or sell securities to, the Fund. The investment policies, fee arrangements and other circumstances of these investments may vary from those of the Fund. The Adviser maintains compliance policies and procedures, including personal trading policies, which are designed to reduce potential conflicts of interest. However, the potential exists for personal securities transactions by Adviser Personnel, including those that have been pre-cleared or approved in advance, to generate significantly higher investment returns to such personnel than any of the Fund’s investment transactions generate for its own investors, and investors will not benefit from any such investment transactions. There may also be circumstances where a company identified as a potential investment opportunity for the Fund is determined not to be suitable or appropriate for the Fund. The potential exists for Adviser Personnel or other co-investors to invest in such company following the evaluation on behalf of the Fund and realize significantly higher investment returns than any of the Fund’s investment transactions generate for its own investors. Investors will not have access to the results of any such personal trading activity because of their confidential nature. It is also possible that the Adviser, in its sole discretion, later determines that such company is a suitable investment for the Fund due to developments with respect to the -40-

company or the Fund’s portfolio or, subject to the terms of the Fund’s operating agreement, changes to the Adviser’s investment approach. In such a circumstance, the Fund may invest in the company even though Adviser Personnel already hold interests in it, and, subject to the Code of Ethics, the Adviser Personnel will be permitted to buy additional interests, maintain their interests or sell their interests, in each case without regard to the actions of the Fund. There can be no assurance that the return of the Fund will experience as favorable results as it would have had such conflicts not existed. In addition, a conflict of interest will in certain circumstances arise because such investing Adviser Personnel or Proprietary Accounts will, for some investments, benefit from the evaluation, investigation, and due diligence undertaken by the Adviser on behalf of the Fund for actual and prospective investments or investments that are evaluated but not consummated by the Fund. In addition, the actions that Adviser Personnel or Proprietary Accounts take in managing their personal investments in a company in which the Fund later invests may be in conflict with the interests of the Fund. In such circumstances, the investing Adviser Personnel or Proprietary Accounts will not share or reimburse the Fund and/or the Adviser for any expenses incurred in connection with the investment opportunity. In addition, related persons of the Adviser serve as trustees to, and Adviser Personnel invest in, Abdiel Capital Advisors, LP 401(k) Plan (the “Plan”), a 401(k) profit-sharing plan and defined contribution plan established for the benefit of the Adviser’s employees. Conflicts Relating to the General Partner and the Adviser. Because certain expenses are paid for by a client or, if incurred by the Adviser, are reimbursed by a client, the Adviser may not necessarily seek out the lowest cost options when incurring (or causing a client to incur) such expenses. Fee Structure. As discussed above in Item 6, the GP, an affiliate of the Adviser, is entitled to the Incentive Allocation. This entitlement may create an incentive for the Adviser to cause a client to make investments that are riskier or more speculative than would be the case in the absence of such performance-based compensation. Pursuant to the Fund’s Organizational Documents, the GP of the Fund may elect to receive its Incentive Allocation in the form of an in-kind distribution of securities of an issuer, including for purposes of permitting one or more GP personnel to donate such securities to charity (which may include private foundations, funds or other charities so chosen by such GP personnel). Any tax efficiencies to such GP personnel associated with this form of charitable giving may have the effect of reinforcing or enhancing the GP’s incentives otherwise resulting from the existence of its Incentive Allocation and, therefore, the GP may have a conflict of interest in making decisions on behalf of the client (including, for instance, the timing of disposition of investments). Diverse Investor Group. The individual investors in the Fund and/or the GP may have conflicting investment, tax and other interests with respect to their investments in the Fund. The conflicting interests of individual investors or the GP may relate to or arise from, among other things, the nature of investments made by the Fund, the structuring or the acquisition of investments and the nature and timing of disposition of investments. As a result, conflicts of interest may arise in connection with the decisions made by the GP, including with respect to the nature or structuring, choice or timing of investments or dispositions, which may be more beneficial for one investor (or the GP) than for another investor (or the GP), or may be adverse to one or more investors (or the -41-

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The Adviser is authorized to and does determine the broker-dealers that will affect transactions and clear securities for the Fund. Clients do not direct brokerage. The Adviser has no obligation to seek the lowest bid or solicit competitive bids. When selecting and approving brokers, the Adviser is primarily focused on obtaining the best service, most timely information flow, and best execution. In addition, the value of products or services that a broker may provide to the Adviser that support the Adviser’s investment decision-making process may influence broker selection. Excellent trade execution capability and outstanding service may be given greater emphasis than obtaining the lowest commission on transactions. Accordingly, the commission rates (or dealer markups and markdowns) charged to the Fund by brokers or dealers in the foregoing circumstances may be higher than those charged by other brokers or dealers who may not offer such services. -46-

The Adviser’s Investment Committee, which comprises the CCO and at least one of the Adviser’s management, will meet no less than annually to evaluate the performance of its brokers. The evaluation of performance will include various factors, such as accurate and timely execution; clearance and error/dispute resolution; reputation; financial strength; access to liquidity and block trading capabilities; average commission rate charged; services, if any, provided by the broker other than execution and clearing; and potential conflicts of interest. The Adviser may consider other factors it deems necessary in order to make a reasonable decision about the quality of broker performance. For the avoidance of doubt, best execution is not limited solely to the consideration of the best available commission rate. With respect to investments in public companies and other opportunities not subject to investment capacity limitations, generally, the Adviser intends to aggregate trades and allocate pari passu on an average price basis, causing the Fund and any participating Proprietary Account to approach a pro rata allocation. The Adviser often employs this practice because larger transactions may enable them to obtain better overall prices, including lower commission costs or mark-ups or mark-downs. Exceptions generally relate to the method of hedging currency exposure given, among other reasons, the interchangeability of certain currency hedging techniques. The Adviser does not currently have any soft dollar arrangements and does not consider client referrals from a broker-dealer. Although the Adviser does not have soft dollar arrangements with brokers, it does receive from them research regarding securities, industries, and economic trends along with other ancillary services (e.g., conference access).

The Adviser does not directly or indirectly compensate any person for client referrals. The Adviser’s compensation is derived from the Management Fees charged to clients for providing investment management services. Item 15 – Custody

Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to the evaluation of the Adviser or the integrity of the Adviser’s management. The Adviser has no information applicable to this Item.

The Adviser’s management persons review the portfolios of securities in which its clients are invested on a regular basis. Trade executions are verified the day after each purchase or sale. The Adviser will review client accounts upon investor capital contributions or withdrawals to determine an appropriate course of action. Investors receive monthly unaudited statements produced by the fund administrator, as well as the following from the Adviser: written monthly performance estimates; quarterly data on certain Fund exposures; semi-annual partnership letters; and certain other ad hoc communications (e.g., offering memoranda updates). The Adviser will from time to time, in its sole discretion, provide additional information relating to the Fund to one or more investors in the Fund as it deems appropriate.

Investment advice is provided directly to the Fund, subject to the direction and control of the GP -47-

of the Fund and not individually to the investors in the Fund. Services are provided to the Fund in accordance with the Organizational Documents of the Fund. Investment restrictions for the Fund, if any, are generally established in the Organizational Documents of the Fund. Within these broad parameters, the Adviser will make investment decisions for the Fund as it deems appropriate in its sole discretion. In addition, pursuant to the Organizational Documents, the Adviser will have sole and exclusive authority to designate from time to time the broker or brokers through which the Fund’s transactions will be executed and cleared and to issue to such brokers instructions to purchase, sell, and otherwise trade in or deal with any security for the account, at the risk of, and in the name of, the Fund.

In accordance with SEC requirements, the Adviser has adopted a Proxy Voting Policy (the “Proxy Policy”). Given the concentration of Fund capital in a limited number of businesses, the Proxy Policy stipulates that the Adviser decides how to vote client proxies and does not use a third-party vendor. The Adviser seeks to make proxy voting decisions in the manner the Adviser reasonably believes is most likely to protect and promote the economic value of its investments, taking into account any relevant facts and circumstances the Adviser determines to be appropriate at the time of such a vote. Bearing this in mind, the Adviser generally votes in favor of board recommendations but in some cases may not. In limited circumstances, the Adviser may refrain from voting proxies where the Adviser reasonably believes the anticipated cost of voting the proxy would exceed the anticipated benefit. The Adviser monitors votes for any conflicts of interest, regardless of whether they are actual or perceived. All voting decisions require a conflicts of interest review in accordance with the Proxy Policy. To the extent a material conflict arises within the context of proxy voting, the Adviser will determine whether voting in accordance with the Proxy Policy is in the best interests of the clients. Clients may obtain a copy of the Adviser’s complete proxy voting policy upon request. Clients may also obtain information from the Adviser about how the Adviser voted any proxies on behalf of their account(s).

Registered investment advisers are required in this Item to provide you with certain financial information or disclosures about the Adviser’s financial condition. The Adviser has no financial commitment that impairs its ability to meet contractual and fiduciary commitments to clients and has not been the subject of a bankruptcy proceeding.

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