Riverside Partners

Riverside Partners, L.L.C., the registered investment adviser, is a Delaware limited liability company. Riverside Partners and its affiliates (d/b/a The Riverside Company and referred collectively herein as “Riverside” and/or “Adviser” or “Advisers” where context permits) provide investment advisory services to investment funds privately offered to qualified investors in the United States and elsewhere and a limited number of separately managed accounts, including those managed by Riverside’s affiliated investment advisers such as Riverside Europe Partners, LLC and Riverside Asia Partners, LLC (“Relying Advisers”). Such affiliates are currently and would typically be under common control with Riverside Partners and possess a substantial identity of personnel and/or equity owners in common with Riverside Partners. These affiliates have been and may in the future be formed for tax, regulatory or other purposes in connection with the organization of the Funds. One or more of these affiliates currently serve as the general partners of the Funds. The Relying Advisers and general partners of the Funds are subject to the Advisers Act pursuant to Riverside Partners’ registration, in accordance with SEC guidance. The Advisers provide investment supervisory services to the clients listed below and to coinvestment vehicles (“Co-Invest Fund” or “Co-Invest Funds”) (the clients below and the CoInvest Funds are collectively referred to in this Brochure as “Funds”): • Riverside Capital Appreciation Fund VI, L.P.; Riverside Capital Appreciation Fund VI-A, L.P.; RCAF VI AIV II, L.P.; RCAF VI AIV I-A, L.P.; and RCAF VI AIV I-B, L.P. (collectively “RCAF VI”); • Riverside Capital Appreciation Fund VII, L.P.; Riverside Capital Appreciation Fund VIIA, L.P.; and RCAF VII AIV I, L.P. (collectively “RCAF VII”);

RCAF DAWGS, L.P., RCAF CCG, L.P. and RCAF WB, L.P. (collectively, “RCAF Single Asset Funds”);

Riverside Micro-Cap Fund III, L.P. (“RMCF III”);

• Riverside Micro-Cap Fund IV, L.P.; Riverside Micro-Cap Fund IV-A, L.P.; and RMCF IV AIV I, L.P. (collectively “RMCF IV”); • Riverside Micro-Cap Fund IV B, L.P.; Riverside Micro-Cap Fund IV B A, L.P.; and RMCF IV B AIV I, L.P. (collectively “RMCF IV B”);

Riverside Micro-Cap Fund V, L.P.; Riverside Micro-Cap Fund V-A, L.P.; and RMCF V AIV I, L.P. (collectively “RMCF V”);

Riverside Micro-Cap Fund VI, L.P.; Riverside Micro-Cap Fund VI-A, L.P.; and RMCF VI AIV I, L.P. (collectively “RMCF VI”);

• Riverside Strategic Capital Fund I, L.P. and Riverside Strategic Capital Fund I-A, L.P. (collectively “RSCF I”); -3-

Two separate managed accounts that invest in parallel with RSCF I;

RSCF II SBIC, L.P. (“RSCF II”);

Riverside Asia-Pacific Fund II, L.P. (“RAF II”);

Riverside Australia Fund III, L.P. and its feeder funds, including Riverside Australia Fund III Feeder Trust (“RAF III”);

Riverside Australia Fund IV, L.P. and its feeder funds, including Riverside Australia Fund IV Feeder Trust (“RAF IV”);

RAF EE, L.P. (“RAF EE”);

Riverside Europe Fund IV, L.P. (“REF IV”);

Riverside Europe Fund V, L.P. (“REF V”);

Riverside Europe Fund VI, SCSp (“REF VI”);

Riverside Europe Fund VII SCSp (“REF VII”);

REF Fadata, L.P. (“REF Fadata”);

Riverside Software Lending Fund I, L.P. d/b/a RAC Growth Lending Fund I (“RAC I”);

Riverside Acceleration Capital Fund II, L.P. d/b/a RAC Growth Lending Fund II (“RAC II”);

Riverside Acceleration Capital Fund III, L.P. d/b/a RAC Growth Lending Fund III (“RAC III”);

RAC Opportunity Fund I, L.P. d/b/a RAC Growth Equity Fund I and RAC Opportunity Fund II, L.P. d/b/a RAC Growth Equity Fund II (collectively, the “RAC Opportunity Funds”);

Riverside Technology Capital Solutions I, L.P. (“RTCS I”);

Riverside Technology Capital Solutions II, L.P. (“RTCS II Fund”) and Riverside Technology Capital Solutions II Select, L.P. (“RTCS II Select” and collectively with RTCS II Fund, “RTCS II”);

Riverside Value Fund I, L.P., Riverside Value Fund I-A, L.P., RVF I AIV I, L.P., and Riverside Value Fund I-A AIV I, L.P. (collectively “RVF I”);

RVF LMG, L.P. (“RVF LMG”); and

-4-

Riverside Value Fund II, L.P., Riverside Value Fund II-A, L.P. and RVF II AIV I, L.P. (collectively, “RVF II”).

The Funds invest through negotiated transactions in operating entities, generally referred to herein as “Portfolio Companies” (and individually as a “Portfolio Company”). The Advisers’ investment advisory services to the Funds consist of identifying and evaluating investment opportunities, typically in the smaller end of the middle market, negotiating the terms of investments, overseeing such investments during the time they are held by a Fund and achieving dispositions for such investments. Riverside has been in business since 1988 and became registered with the SEC in 2012. Riverside’s principal U.S. offices are in New York, New York and Cleveland, Ohio. As of December 31, 2025, Stewart Kohl and Béla Szigethy (together, the “Managing Members”), through intermediate entities, control and are the majority owners of Riverside. As of December 31, 2025, the Advisers managed approximately $13,530,141,525 in client assets on a discretionary basis. All discussions of the Funds in this Brochure, including but not limited to their investments, the strategies used in managing the Funds, the fees and other costs associated with an investment in the Funds and other terms, are qualified in their entirety by reference to each Fund’s respective private placement memorandum (if any) (each, a “Memorandum”) and limited partnership or similar agreement or other governing document (each, a “Partnership Agreement”). Investment advice is provided directly to the Funds, subject to the discretion and control of the applicable Fund’s general partner (collectively “General Partner” or “General Partners”, as context permits), and not individually to the limited partners (each, a “Limited Partner” and collectively, the “Limited Partners”) in the Funds. Services are provided to the Funds in accordance with each Fund’s Partnership Agreement. The information included herein about the Funds and any investment vehicles is not and should not be considered an offer of interests in a Fund. In addition, such information is not an offer of, or agreement to provide, advisory services directly to any recipient. This Brochure is designed solely to provide information about Riverside for the purpose of compliance with certain obligations under the Advisers Act. INVESTORS IN THE FUNDS PARTICIPATE IN THE OVERALL INVESTMENT PROGRAM FOR THE APPLICABLE FUND. THE GENERAL PARTNER HAS ENTERED INTO, AND RIVERSIDE EXPECTS IT TO CONTINUE TO ENTER INTO, SIDE LETTERS OR OTHER SIMILAR AGREEMENTS (“SIDE LETTERS”) WITH CERTAIN INVESTORS THAT ESTABLISH DIFFERENT OR PREFERENTIAL RIGHTS OR TERMS, INCLUDING BUT NOT LIMITED TO, DIFFERENT MANAGEMENT FEES AND CARRIED INTEREST PERCENTAGES, COINVESTMENT RIGHTS, THE RIGHT TO BE EXCUSED FROM CERTAIN INVESTMENTS DUE TO LEGAL, REGULATORY, TAX OR OTHER AGREED-UPON CIRCUMSTANCES AND TRANSFER RIGHTS. ALL SUCH RIGHTS AND TERMS ALTER OR SUPPLEMENT THE TERMS OF THE RELEVANT PARTNERSHIP AGREEMENT WITH RESPECT TO SUCH INVESTORS.

-5-

Management Fees For each Fund where Limited Partners are obligated to pay a management fee, Riverside is paid a management fee quarterly in advance, pursuant to each Fund’s Partnership Agreement (“Management Fee”). Management Fees are paid from the assets of the Funds and are allocated to the capital accounts of the Limited Partners. The cash to pay such Management Fees are almost always funded from drawdowns on a Fund’s capital call subscription line of credit (a “Fund Line”) if one is in place. Such borrowings will be repaid from capital calls from unfunded capital commitments of the Limited Partners. Management Fees may also be paid using cash from interest, dividend or disposition proceeds. The Management Fee payable for any period other than a full three-month period generally is adjusted on a pro rata basis according to the actual number of days in such period, pursuant to the Partnership Agreement of each Fund. Riverside may also be entitled to receive interest on Management Fees from investors admitted to a Fund after its initial closing. Management Fees generally will be payable until the end of a Fund’s partnership term (or extended term, as applicable) or until the Fund is terminated for other reasons. In certain circumstances, the Limited Partners have negotiated with the Advisers that no Management Fee will be charged during a Partnership term extension. Riverside does not have a Management Fee schedule. The Management Fees are negotiated with the Limited Partners of each Fund and are subject to waiver or reduction to certain investors at Riverside’s discretion. Generally, the stated rate, calculation and other terms of the Management Fees for each Fund are disclosed in each Fund’s Partnership Agreements, as may be supplemented by any Side Letters with specific Limited Partners. Adviser employees, independent contractors and certain consultants invest in a Fund through the General Partner or an affiliate of the General Partner. Because the Funds do not pay the Advisers a Management Fee on the capital commitments of the General Partners, the General Partners do not contribute capital to the Funds to pay for the Management Fee nor are they allocated any Management Fee expense to their capital accounts. Therefore, Adviser employees, independent contractors and certain consultants who are investors in the General Partners do not pay a Management Fee. As described further under “Other Compensation,” the Management Fee may be reduced in some circumstances in connection with the receipt by Riverside of various fees paid by actual or prospective portfolio companies. Certain Partnership Agreements permit the General Partner to waive or agree to a reduction of the Management Fee, and any waived or reduced portion of such Management Fee reduces the amount of capital contributions the General Partner would otherwise be required to contribute to the Fund. The General Partner reserves the right to treat any waived portion of a Management Fee installment as a deemed capital contribution by the General Partner. Any such treatment as a deemed capital contribution would require the limited partners of the applicable Fund to contribute capital on an accelerated basis. Waived Management Fees effectively reduce the amount of the Management Fee and thus there is less Management Fee available to be offset as described above. The amount of such waived Management Fees has the potential to be significant. However, many of the Partnership Agreements require the distribution of any excess offset amounts to the applicable Fund’s Limited Partners upon the liquidation of such Fund. -6-

Performance-Based Fees See Item 6 below for information regarding performance-based fees received by the General Partners with respect to the Funds. Other Compensation Portfolio Companies may compensate Riverside for performing certain management and other services through monitoring, directors’, break-up, diligence and/or closing fees (together, “Advisory Fees”) and all or a portion of such Advisory Fees will either offset in whole or in part the Management Fees otherwise payable to Riverside by the Funds or be distributed to the Limited Partners, as specified in the applicable Partnership Agreements. In certain instances where a Fund does not charge a Management Fee, such as RVF LMG and the RCAF Single Asset Funds, all Advisory Fees are retained by the Adviser in accordance with the Partnership Agreement. In certain instances where a Portfolio Company is acquired by a Fund and with co-invest, the Advisory Fees equal to the pro-rata portion of the capital invested by the co-investors are retained by Riverside. In certain instances where a Limited Partner in a Fund does not pay a Management Fee, the pro-rata portion of such fee is retained by Riverside. Riverside generally has discretion over whether to charge Advisory Fees or other similar fees to a Portfolio Company and, if so, the rate, timing and/or amount of such fees. The receipt of such fees may give rise to conflicts of interest which are further discussed under Item 8 herein. Use of Operating Partners As further detailed in the applicable Memorandum and Partnership Agreements of the respective Funds, Riverside and the Portfolio Companies may retain or engage certain experienced operating, financial and sales executives, who may be employees of the Adviser or independent contractors engaged by the Adviser or the Portfolio Companies (“Operating Partners”) to provide services to certain Portfolio Companies in which the Funds invest. Such Operating Partners generally provide services related to the acquisition, holding, growth and improvement of Portfolio Companies, primarily focused on the operational aspects of such companies. In performing these services, Operating Partners may serve in management or policy-making positions at Portfolio Companies. Regardless of the type of engagement of the Operating Partners as described above (i.e., employee of the Adviser or independent contractor of the Adviser or a Portfolio Company), and as permitted by the applicable Partnership Agreements (and, if required, approval by each Fund’s advisory committee (each, an “Advisory Committee”)), Portfolio Companies may pay an Operating Partner directly or reimburse the Adviser for some or all of the compensation paid to an Operating Partner. The costs of such compensation are wholly (in the case of a Fund reimbursement) or partially (generally in the case of a Portfolio Company reimbursement) borne by investors. Compensation received by Operating Partners that are not employees of an Adviser will not offset or reduce Management Fees. Compensation received by Operating Partners that are employees of an Adviser will be applied pro-rata to a respective Fund’s offset provision, except for Funds that have Partnership Agreements that specifically permit the reimbursement of Operating Partners

-7-

who are employees of an Adviser without applying such reimbursement to such Fund’s offset provision. Operating Partners (whether or not they are employees of an Adviser) may be given the opportunity to invest in one or more Funds through the General Partners. Additionally, under certain Funds’ Partnership Agreements, Operating Partners (whether or not they are employees of an Adviser) may receive profits or equity interests (e.g., options) in each Portfolio Company for which they perform services. Operating Partners who are not employees of an Adviser may make use of certain Adviser resources in the course of any such Operating Partner’s service to the Portfolio Companies. These resources include, for example, use of an Adviser’s conference call system and travel booking service. A further description of the services performed by Operating Partners for Portfolio Companies and associated conflicts of interest is discussed under Item 8 herein. Direct and Indirect Fund Expenses As described in the applicable Partnership Agreements, all investors in a Fund typically pay (or reimburse the relevant Adviser) for its organizational expenses up to an amount specified in the Fund’s limited partnership agreement. Typically, a Fund generally pays (or reimburses the relevant Adviser) for its proportionate share of expenses associated with such Fund’s operation, including, without limitation: (i) expenses, including travel and travel-related expenses (such as meal and entertainment expenses of individuals affiliated and unaffiliated with an Adviser), related to evaluating and negotiating prospective and actual investments (including, but not limited to, temporary investments and transactions not consummated (the latter expenses hereinafter referred to as “Broken Deal Expenses”)), including all Broken Deal Expenses relating to transactions that have been offered or would have been offered to co-investors; (ii) certain expenses related to acquiring, holding, managing, monitoring and disposing of actual investments; (iii) Fund indemnification obligations; (iv) expenses associated with the engagement of professionals, including legal, accounting, auditing, valuation, fund administration and investment banking; (v) expenses associated with tax and accounting reports; (vi) tax payment obligations of the Fund; (vii) financing, real estate, title, appraisal, printing, reporting, custody, depositary, transfer and registration expenses; (viii) premiums for insurance (including, for the avoidance of doubt, any payments to a captive insurance company); (ix) expenses associated with Advisory Committee meetings and Limited Partner meetings; (x) expenses incurred in connection with temporary investments, (xi) expenses associated with the restructuring, winding up or liquidation, or amendments to the organizational documents, of the Fund and any related alternative investment vehicles or subsidiaries of the Fund; (xii) regulatory expenses of the applicable General Partner and Adviser; provided that such expenses shall not include any expenses incurred in connection with registration of the General Partners, the Advisers or their affiliates as an investment adviser under the Advisers Act or compliance with such registration; (xiii) expenses not otherwise reimbursed relating to defaults or transfers; (xiv) the proportionate share, as determined in good faith by the General Partner, of the fees, costs and expenses related to maintaining and operating Riverside’s automated database; (xv) the proportionate share, as determined in good faith by the General Partner, of base compensation, bonuses and benefits paid to employees of the Adviser for -8-

Read the rest in the brochure

General Investment and Operating Strategy – Private Control Funds The four key elements of the Advisers’ private equity investment strategy and process are: deal origination; transaction review and execution process; post-acquisition management; and exiting and value creation. The Advisers generally seek to acquire Portfolio Companies with attractive market positions that can grow significantly during its period of ownership. After acquiring a Portfolio Company, a Fund will attempt to grow that Portfolio Company, both organically and through add-on acquisitions. While Riverside is a generalist investor, the Advisers have developed industry specializations in areas where they have completed a significant number of transactions or that they see as attractive industries. These areas of specialization include health care, specialty manufacturing and distribution, education and training, franchising, business service, industrials and industrial technology, tech-enabled services, and software and IT services. Riverside uses its industry - 11 -

specialization to make more informed investment decisions and as a marketing tool to reach out to intermediaries serving these niches, and to sellers seeking a buyer that has a competitive advantage in their industry. For each Portfolio Company owned by a Fund, the Advisers seek to identify a clear and credible strategy both to increase earnings and qualitatively improve the Portfolio Company, thereby optimizing its exit valuation. A primary focus is to find and acquire add-on acquisitions for Portfolio Companies. Add-ons are generally smaller and often have lower purchase price multiples helping not only grow the Portfolio Company’s business but average down the acquisition cost through multiple arbitrage. The Managing Members and the managers of the relevant Fund (together with the Managing Members, the “Principals”), or other personnel of the Advisers serve on a Portfolio Company’s board of directors or otherwise act to influence control and management of Portfolio Companies in which the Funds have invested. Additionally, as further described below, the Advisers generally utilize Operating Partners who work with the Portfolio Companies to increase sales, earnings before interest, taxes, depreciation, and amortization (“EBITDA”), and growth rate. On a selective and limited basis, a Fund may acquire minority equity positions, including positions in public companies where the intent is to gain control of the public company. Following a Fund’s Investment Period, such Fund will no longer actively seek to make new Portfolio Company investments but will pursue add-on acquisitions for existing Portfolio Companies prior to exit and the end of the term of the Fund’s Limited Partnership Agreement. General Investment and Operating Strategy – Non-Control Funds The Adviser manages three different non-control strategies: (i) flexible capital (RSCF I and RSCF II), (ii) small loans to SaaS businesses (RAC I, RAC II and RAC III), as well as the RAC Opportunity Funds, which are minority equity investment funds and (iii) minority investments in technology companies (RTCS I and RTCS II). RSCF I and RSCF II generally invest junior capital in private equity transactions of other private equity sponsors. The investments are generally preferred stock or subordinated debt with warrants or options. Because these are non-control investments, the Adviser relies on the majority owner to execute an exit plan to realize returns on its investments. RAC I, RAC II and RAC III make loans to privately held companies in the software as a service industry. These investments are generally made prior to a broad capital raise by the owner of the company. In addition to the loans, RAC I, RAC II and RAC III seek to obtain warrants and the right to participate in future equity rounds (though that right may not necessarily be exercised by RAC I, RAC II or RAC III). The RAC Opportunity Funds make equity investments, primarily consisting of preferred stock, convertible preferred stock or similar investments, in the portfolio companies of RAC I, RAC II and RAC III. The RAC Opportunity Funds may also make venture capital and “growth equity” investments in software companies that are headquartered in the United States, Canada or Europe, but are not portfolio companies of RAC I, RAC II or RAC III. RTCS I and RTCS II make growth-stage non-control investments in technology and technologyenabled private companies. RTCS II focuses on private companies with an anticipated initial - 12 -

public offering (“IPO”) but may also invest in public securities, including IPOs. In 2022, the Adviser hired Trimer Capital Management to provide non-discretionary advisory services to the Adviser with respect to RTCS I and RTCS II’s portfolios. Riverside Fund Families Riverside’s investment strategies are generally classified within the following fund families. Limited Partners should refer to each Fund’s Partnership Agreement for a more detailed description of each strategy. Riverside Acceleration Capital Fund Family

RAC I, RAC II and RAC III seek to generate attractive risk-adjusted returns by issuing fully amortizing, senior secured loans with equity upside through warrants to growing SaaS software companies in the United States, Canada and Europe (and Australia in the case of RAC III) with annual revenue between (i) approximately $1.5 million and $10 million in the case of RAC I and (ii) approximately $2 million and 15 million in the case of RAC II and RAC III. RAC I, RAC II and RAC III do not take controlling positions in their respective portfolio companies, except in situations in connection with a debt restructuring or default.

RAC Opportunity Funds seek to generate capital appreciation through minority equity investments, primarily consisting of preferred stock or convertible preferred stock, in the portfolio companies of RAC I, RAC II and their successor funds and by making venture capital and “growth equity” investments in SaaS software companies in the United States, Canada and Europe that are not portfolio companies of RAC I, RAC II or their successor funds.

Riverside Asia Fund Family

RAF II seeks to realize long-term capital appreciation primarily through the purchase of a broad and varied portfolio of controlling private equity investments in small to mediumsized companies headquartered in developed Asia, primarily in Australia, New Zealand, The Republic of China’s special administrative region of Hong Kong, Japan, the Republic of Korea and Singapore, which generally have EBITDA between $5 million and $15 million.

RAF III and RAF IV seek to realize long-term capital appreciation primarily through the purchase of a broad and varied portfolio of controlling private equity investments in small to medium-sized companies primarily headquartered in Australia and New Zealand, which generally have EBITDA less than AUD 25 million.

RAF EE is a single investment fund formed in October 2021 to continue Riverside’s ownership interest in Energy Exemplar, a portfolio company of RAF II. RAF II investors were given the opportunity to sell their investments or roll their investments in Energy Exemplar into RAF EE. RAF EE, RAF III and co-investors purchased the Energy

- 13 -

Exemplar ownership interests being sold by RAF II selling investors. Energy Exemplar was exited in May 2024. Riverside Capital Appreciation Fund Family

RCAF VI and RCAF VII seek to realize long-term capital appreciation primarily through the purchase of a broad and varied portfolio of controlling private equity investments in small to medium-sized companies headquartered in North America, which generally have enterprise values ranging from approximately $10 million to $150 million and (i) in the case of RCAF VI, EBITDA less than $25 million (although investments in companies with more than $25 million EBITDA may be considered) and (ii) in the case of RCAF VII, EBITDA of $10 million to $35 million (although investments in companies with more than $35 million EBITDA may be considered).

Each RCAF Single Asset Fund is established to make a controlling investment in a specific operating company. These companies are generally in the Knowledge Solutions and Supply Chain & Commercial Solutions sectors, headquartered in North America and have EBITDA of $10 million to $35 million.

Riverside Europe Fund Family

REF IV seeks to realize long-term capital appreciation primarily through the purchase of a broad and varied portfolio of controlling private equity investments in small to mediumsized companies (i) which have enterprise values ranging from approximately €10 million to €150 million and (ii) which are organized, headquartered or principally operating in the European Union, Switzerland, Norway, Croatia or Turkey.

REF V seeks to realize long-term capital appreciation primarily through the purchase of a broad and varied portfolio of controlling private equity investments in small to mediumsized companies (i) which have EBITDA of more than €5 and less than €25 million (although investments in companies with more than €25 million EBITDA may be considered) and (ii) which are organized, headquartered, principally operating, have a majority of their assets or generate a majority of their revenues in the European Union, central Europe, Switzerland, Norway or Turkey.

REF VI seeks to realize long-term capital appreciation primarily through the purchase of a broad and varied portfolio of controlling private equity investments in small to mediumsized companies (i) which have EBITDA of between €7.5 million and €35 million (although investments in companies with less than €7.5 million EBITDA and more than €35 million EBITDA may be considered) and (ii) which are organized, headquartered, principally operating, have a majority of their assets or generate a majority of their revenues in a member state or former member state of the European Union, Norway and Switzerland.

REF VII seeks to realize long-term capital appreciation primarily through the purchase of a broad and varied portfolio of controlling private equity investments small to mediumsized companies (i) which have EBITDA of up to €30 million and (ii) which are organized, - 14 -

headquartered, principally operating, have a majority of their assets or generate a majority of their revenues in a member state of the European Union, the United Kingdom, Norway and Switzerland. Riverside Micro-Cap Fund Family

RMCF III seeks to realize long-term capital appreciation primarily through the purchase of a broad and varied portfolio of controlling private equity investments in small to mediumsized companies which typically have enterprise values ranging from approximately $1 million to approximately $40 million and EBITDA up to approximately $5 million and, subject to the Small Business Investment Act of 1958, as amended (the “SBIC Act”), which are organized, headquartered or principally operating in the United States.

RMCF IV, RMCF V and RMCF VI seek to realize long-term capital appreciation primarily through the purchase of a broad and varied portfolio of controlling private equity investments in companies that generally have EBITDA (i) in the case of RMCF IV of less than $7 million (although investments in companies with more than $7 million may be considered) and (ii) in the case of RMCF V and RMCF VI, of less than $10 million (although investments in companies with more than $10 million EBITDA may be considered) and for each of RMCF IV, RMCF V and RMCF VI, such companies are organized, headquartered, principally operating, have a majority of their assets or generate a majority of their revenues in the United States or Canada. RMCF IV B was formed to co-invest in RMCF IV Portfolio Companies on a pro rata basis with RMCF IV.

Riverside Strategic Capital Fund Family

RSCF I seeks to realize long-term capital appreciation, as well as fixed income returns, through non-control junior capital investments primarily to companies which typically have EBITDA ranging from approximately $5 million to approximately $25 million (although investments in companies with less than $5 million EBITDA and more than $25 million EBITDA may be considered). A certain percentage of RSCF I may be deployed in equity investments.

RSCF II seeks to achieve current income and long-term capital appreciation through noncontrol, junior investments in Portfolio Companies that meet the definition of “Small Business” as defined in the SBIC Act. Such Portfolio Companies will typically (i) have less than $20 million in LTM EBITDA and (ii) subject to the SBIC Act, be organized, headquartered or principally operated in the United States. These investments generally will include fixed income securities, such as debt instruments and preferred stock, often with equity conversion features; equity securities, such as warrants or common stock; and other types of securities to maintain maximum flexibility in structuring investments and to take advantage of changing markets.

Riverside Technology Capital Solutions Fund Family

RTCS I makes growth-stage non-control secondary investments in technology and technology-enabled private companies. RTCS I’s investments will generally be in the form - 15 -

of common and preferred equity secondary investments, which will typically range in size from $1 to $10 million.

Read the rest in the brochure

The Advisers provide investment advice to the Funds, which include investment partnerships or other investment entities formed under domestic or foreign laws and operated as exempt investment pools under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and a small number of separately managed accounts for third-party institutional clients. The investors participating in the Funds may include individuals, banks or thrift institutions, other investment entities, university 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 and may include, directly or indirectly, principals, senior advisors or other current and former employees of the Advisers, members of their families or service providers or their employees retained by the Advisers to perform work for the Advisers, the Funds or the Portfolio Companies. Each Fund’s Memorandum specifies a minimum amount it will accept from Limited Partners, and such minimum amount may be waived at the sole discretion of the General Partner of each Fund. The Funds may include alternative investment vehicles established from time to time in order to permit one or more investors to participate in one or more particular investment opportunities in a manner more favorable for tax, regulatory or other reasons. Alternative investment vehicle general partners generally have limited discretion to invest the assets of these vehicles independent of limitations or other procedures set forth in the organizational documents of such vehicle and its related Fund.

Each General Partner receives a carried interest allocation from Limited Partners’ proceeds from the Funds generally equal to 20% of all realized gains after return of all capital contributed by the Limited Partners (including management fees and organizational expenses), subject to a preferred return generally equal to 8% (as more fully described in the Partnership Agreements of each Fund). The carried interest received by a General Partner from the Funds is subject to a potential clawback, most often at the end of the life of the applicable Fund, if the General Partner has received cumulative distributions in excess of the carried interest, as defined in the relevant Funds’ Partnership Agreements. In certain Funds, the General Partner may be required to hold back a reserve of carried interest earned to fund a potential clawback obligation, the release of which is conditioned on the approval of the Fund’s Advisory Committee. Certain Funds may have an interim clawback test whereby the Funds would have to return any clawback owed to the Limited Partners on the interim clawback test dates. The precise amount of, and the manner and calculation of, carried interest and incentive allocations are detailed in each applicable Fund’s Partnership Agreement. Carried interest may differ from one Fund to another, as well as among Investors in the same Fund. Riverside has authority to waive or reduce carried interest. In addition, Adviser employees, independent contractors, certain consultants, and affiliates who are investors in the General Partners do not pay carried interest. The General Partner may receive carried interest from Limited Partners in certain of the Co-Invest Funds and separately managed accounts in an amount generally between 10% and 20% of all realized gains, sometimes subject to a preferred return (as more fully described in each Fund’s Partnership Agreement). Some of the Co-Invest Funds managed by Riverside are not charged a carried interest. This practice could present a conflict of interest because the General Partners have an incentive to favor co-investors who will pay a carried interest or to offer co-investment amounts higher than it otherwise would. However, the Advisers address this conflict by disclosing in applicable Memorandums that they may accept co-invest from parties that will pay a carried interest. - 10 -

The existence of performance-based compensation has the potential to create an incentive for the General Partner to make more speculative investments on behalf of a Fund than it would otherwise make in the absence of such arrangement, although Riverside generally considers performancebased compensation to better align its interests with those of its investors. Additional conflicts with respect to carried interest are discussed under Item 8 herein.

Advisory Affiliates The affiliated investment advisers, Riverside Asia Partners LLC, Riverside Europe Partners LLC, Riverside Asia Partners Pty. Limited and Riverside Europe Partners S.à r.l. are under common control with Riverside Partners and possess substantially the same personnel and/or equity owners as Riverside Partners. The General Partners are under common control with Riverside Partners. General Partner affiliates are typically formed for legal, tax, regulatory, or other purposes. A complete list of the affiliated General Partners may be found in Section 7.B of Schedule D of Form ADV Part 1A, publicly available at https://www.adviserinfo.sec.gov/. This Brochure describes the business practices of Riverside Partners as well as the General Partners and advisory affiliates, which operate as a single advisory business. Should conflicts of interest arise in the context of these relationships, they will be addressed in accordance with the Code of Ethics (described in further detail in Item 11 herein), and in the Partnership Agreements of the Funds, as applicable. Strategic Relationships Riverside has entered into Side Letters with several strategic investors, some of whom have made a substantial investment in each of REF V, REF VI and/or REF VII (each, a “REF Strategic Investor” and together the “REF Strategic Investors”) which grant them rights not granted to other Limited Partners. Riverside may offer the REF Strategic Investors a priority right to coinvest in certain REF V, REF VI or REF VII Portfolio Companies on a no-fee and no-carry basis. In certain instances, the REF Strategic Investors have contracted to receive board observation rights with respect to such REF Portfolio Companies. Riverside has agreed to rebate a portion of certain of the REF Strategic Investors’ REF V, REF VI and REF VII management fee, as applicable, if they have not been offered a minimum amount of co-investment opportunities in REF V, REF VI or REF VII Portfolio Companies, respectively, or Portfolio Companies of other Funds. Riverside has entered into Side Letters with several strategic investors, some of whom have made a substantial investment in RVF II (each, a “RVF II Strategic Investor” and together the “RVF II Strategic Investors”) which grant them rights not granted to other Limited Partners. Riverside may offer the RVF II Strategic Investors a priority right to co-invest in certain RVF II Portfolio Companies on a no-fee and no-carry basis. In certain instances, the RVF II Strategic Investors have contracted to receive board observation rights with respect to such RVF II Portfolio Companies. On April 1, 2017, Riverside Investment Management Company, LLC (“RIMCO”), which indirectly owns 99% of Riverside Partners, sold approximately 9.1% of non-voting interests to Lakeside Partners I, LP (“Lakeside”). Lakeside is an affiliate of Parkwood LLC, which is an existing investor in certain Funds. In connection with this transaction, if Lakeside participates in the first closing of any Fund which had its first closing after April 1, 2017, Lakeside will be granted co-investment rights if co-investment is offered in a deal in such Fund. Lakeside does not have authority over the day-to-day operations or investment decisions at Riverside as such relates to the - 40 -

Funds, although Lakeside has negotiated certain minority protections, consent rights and information rights in connection with its investment in RIMCO.

The Advisers have adopted Riverside’s Code of Ethics and Securities Trading Policy and Procedures (the “Code”), which sets forth standards of conduct that are expected of Riverside Principals and employees and addresses conflicts that arise from personal trading. The Code requires Riverside personnel to report their personal securities transactions and prohibits Riverside personnel from directly or indirectly acquiring or disposing of beneficial ownership of securities, with limited exceptions, without first obtaining approval from Riverside’s Chief Compliance Officer. In addition, the Code requires such personnel to comply with procedures designed to prevent the misuse of, or trading upon, material non-public information. A copy of the Code will be provided to any investor or prospective investor upon request to Jennifer H. Boyce, Riverside’s General Counsel and Chief Compliance Officer, at (216) 706-3488. Personal securities transactions by employees who manage client accounts are required to be conducted in a manner that prioritizes the client’s interests in client-eligible investments. The Advisers and their affiliated persons may come into possession, from time to time, of material non-public or other confidential information about public companies which, if disclosed, might affect an investor’s decision to buy, sell or hold a security. Under applicable law, the Advisers and their affiliated persons would be prohibited from improperly disclosing or using such information for their personal benefit or for the benefit of any person, regardless of whether such person is a client of an Adviser. Accordingly, should the Advisers or any of their affiliated persons come into possession of material non-public or other confidential information with respect to any public company, the Advisers generally would be prohibited from communicating such information to clients, and the Advisers will have no responsibility or liability for failing to disclose such information to clients as a result of following their policies and procedures that are designed to comply with applicable law. Similar restrictions may be applicable as a result of Riverside personnel serving as directors of public companies and may restrict trading on behalf of clients, including the Funds. Principals and current and former employees of the Advisers and their affiliates may directly or indirectly own an interest in one or more Funds, including certain Co-Invest Funds. Co-Invest Funds may invest in one or more Portfolio Companies in a Fund. A conflict of interest may be created in these cases when the Adviser’s and/or the Employees’ interests are more aligned with one Fund than another. In the case of co-investment, the Advisers may grant certain third-party investors the opportunity to evaluate specified amounts of prospective co-investments in Portfolio Companies or otherwise to have priority in co-investment opportunities. In considering whether to offer co-investment opportunities to a prospective investor, the Advisers may take into consideration factors described in “Co-investment Opportunities” in Item 8 herein. Adviser employees, related persons and consultants may carry on investment activities for their own account and for family members, friends or others who do not invest in the Funds, and may give advice and recommend securities which may differ from advice given to, or securities - 41 -

recommended or bought for, the Funds, even though their investment objectives may be the same or similar. Such transactions are subject to the policies and procedures set forth in the Advisers’ Code of Ethics. In addition, and in limited circumstances, Riverside employees, related persons, and consultants may invest in companies or other securities or instruments that were offered to but passed on by a Fund. Such investments are also subject to the policies and procedures set forth in the Advisers’ Code of Ethics and may be subject to Advisory Committee approval.

The Advisers focus on securities transactions of private companies and generally purchase and sell such companies through privately-negotiated transactions in which the services of a broker-dealer may be retained. However, the Advisers may also distribute securities to investors in a Fund or sell such securities, including through using a broker-dealer, if a public trading market exists for the securities of a Portfolio Company. Although the Advisers do not intend to regularly engage in public securities transactions, to the extent they do so, they follow the brokerage practices described below. If a Fund sells publicly traded securities, the Advisers are responsible for directing orders to broker-dealers to effect securities transactions for accounts managed by the Advisers. In such event, the Advisers will seek to select brokers on the basis of best price and execution capability. In selecting a broker to execute transactions, the Advisers may consider a variety of factors, including: (i)

execution capabilities with respect to the relevant type of order;

(ii)

commissions charged;

(iii)

the reputation of the firm being considered; and

(iv)

responsiveness to requests for trade data and other financial information.

The Advisers have full discretion in deciding which brokers or dealers are to be used for a particular transaction and the compensation for those transactions. The Advisers have no duty or obligation to seek in advance competitive bidding for the most favorable commission rate applicable to any particular transaction or to select any broker on the basis of its purported or “posted” commission rate, but will endeavor to be aware of the current level of the charges of eligible brokers and to reduce the expenses incurred for effecting client transactions to the extent consistent with the interests of such clients. Although the Advisers generally seek competitive commission rates, they may not necessarily pay the lowest commission or commission equivalent. Transactions may involve specialized services on the part of the broker involved and thereby entail higher commissions or their equivalents than would be the case with other transactions requiring more routine services. As a matter of practice, the Advisers currently do not engage in soft dollar transactions, and although they are permitted to do so and may engage in soft dollar transactions in the future in accordance with the limitations of Section 28(e) of the Securities Exchange Act of 1934, as amended, it is not anticipated that they will do so. Although Riverside may receive proprietary - 42 -

research from certain brokerage firms, it does not take the value of such research into account when selecting brokers. In addition, gifts and other entertainment are monitored. Although the Advisers do not anticipate engaging in significant public securities transactions, to the extent that an Adviser engages in any such transactions, orders for purchase or sale of securities placed first will be executed first, and within a reasonable amount of time of order receipt. To the extent that orders for the Funds are completed independently, an Adviser may also purchase or sell the same securities or instruments for several Funds simultaneously. From time to time, an Adviser may, but is not obligated to, purchase or sell securities for several client accounts at approximately the same time. Such orders may be combined or “batched” to facilitate obtaining best execution and/or to reduce brokerage commissions or other costs. Batched transactions are executed in a manner intended to ensure that no participating Fund is favored over any other Fund. When an aggregated order is filled in its entirety, each participating Fund generally will receive the average price obtained on all such purchases or sales made during such trading day. To the extent such orders are not batched, they may have the effect of increasing brokerage commissions or other costs. When an aggregate order is partially filled, the securities purchased or sold will normally be allocated on a pro rata basis to each Fund participating in such buy or sell order in accordance with the amount of securities originally requested for such Funds. Each Fund generally will receive the average price obtained on all such purchases or sales made during such trading day. Exceptions to pro rata allocations are permissible provided they are fair and equitable to the Funds over time. In the Advisers’ private company securities transactions on behalf of the Funds, the Advisers may retain one or more broker-dealers or investment banks, the costs of which will be borne by the relevant Fund and/or its Portfolio Companies. In determining to retain such parties, the Advisers may consider a variety of factors, including: (i) capabilities with respect to the type of transaction being contemplated; (ii) commissions or fees charged; (iii) reputation of the firm being considered; and (iv) responsiveness to requests for information. As a result, although the Advisers generally will seek reasonable rates for such services, the market for such services involves more subjective evaluations than public securities brokerage transactions, and the Funds may not pay the lowest commission or fee for such services.

Riverside may provide certain business or consulting services to Portfolio Companies and may receive compensation from these Portfolio Companies in connection with such services. As described in the applicable Partnership Agreements, this compensation may, in many cases, offset all or a portion of the Management Fees paid by the Funds. Reimbursements for out-of-pocket expenses directly related to a Portfolio Company may be paid to Riverside in addition to Management Fees. See Item 5 herein for additional information. From time to time, Riverside may enter into solicitation arrangements pursuant to which it compensates third parties for referrals that result in a potential investor becoming a Limited Partner in a Fund. Any fees and expenses payable to any such third-party placement agents will generally be borne by the relevant Adviser, subject to the provisions of the applicable Partnership Agreements. The use of any placement agent is fully disclosed to investors referred by such placement agent.

The Advisers and their management persons have not been subject to any material legal or disciplinary events required to be discussed in this Brochure.

- 39 -

The investments made by the Funds are generally private, illiquid and long-term in nature. Accordingly, the review process is not directed toward a short-term decision to dispose of securities. However, the Principals closely monitor companies in which the Funds invest, and Riverside’s Chief Compliance Officer periodically checks to confirm that each Fund is maintained in accordance with its stated objectives. At least quarterly, Riverside reviews the valuation of investments in the Fund portfolios, and throughout the year monitors transactions that may affect valuations. Items which may impact the valuation of each investment include, but are not limited to: operating performance, financial strength and stability, market or industry dynamics, potential exit strategies, third-party - 43 -

independent appraisals, public comparables and broker or dealer quotations (if the investment is quoted on a public trading market). Client Reports Each investor typically receives a quarterly partner statement for the Fund as well as annual audited financial statements for the Fund (except in the case of the two separate managed accounts that invest in parallel with RSCF I). Outside tax, accounting, and legal professionals are engaged on an as-needed basis to assist with year-end financial and tax reporting and other complex administrative issues.

With respect to most Funds, Riverside is deemed to have custody because its affiliates serve as the general partners of the Funds. With the exception of certain privately offered securities, all assets of the Funds are held in custody by unaffiliated broker/dealers or banks. Limited Partners will not receive statements from the custodians. Instead, most Funds are subject to an annual audit and the audited financial statements are distributed to each Limited Partner. The audited financial statements (except with respect to RAC I as described below) will be prepared in accordance with GAAP and distributed within 120 days of each Fund’s fiscal year end. With respect to the RAC I, Riverside complies with the Custody Rule by maintaining the Fund’s assets with qualified custodians which send quarterly statements to all investors. RAC I is subject to an annual surprise examination by an independent public accountant. Riverside recommends investors in RAC I to compare the quarterly statements provided by the qualified custodian with statements provided by Riverside and notify Riverside immediately of any discrepancies.

- 44 -

Each Adviser has discretionary authority to manage investments on behalf of the Funds. As a general policy, the Advisers do not allow clients to place limitations on this authority. The Advisers assume this discretionary authority pursuant to the terms of the Partnership Agreements.

In accordance with SEC requirements, Riverside has adopted a Proxy Voting Policy (the “Proxy Policy”) to address how it will vote proxies, as applicable, for each Fund’s portfolio investments. The Proxy Policy seeks to ensure that the Advisers vote proxies (or similar instruments) in the best interest of the applicable Fund, including where there may be material conflicts of interest in voting proxies. The Advisers generally believe their interests are aligned with those of the Funds’ investors through the Principals’ beneficial ownership interests in the Funds and therefore will not seek investor approval or direction when voting proxies. In the event that there is or may be a conflict of interest between an Adviser and a Fund in voting proxies, the Proxy Policy provides that such Adviser may address the conflict using several alternatives, including by seeking the approval or concurrence of the relevant Advisory Committee on the proposed proxy vote or through other alternatives set forth in the Proxy Policy. The Advisers do not consider service on Portfolio Company boards by Riverside personnel or the Advisers’ receipt of management or other fees from Portfolio Companies to create a material conflict of interest in voting proxies with respect to such companies. In addition, the Proxy Policy sets forth certain specific proxy voting guidelines followed by the Advisers when voting proxies on behalf of the Clients. A copy of the Advisers’ complete Proxy Policy or information regarding how the Advisers voted proxies for particular Portfolio Companies will be provided to investors or prospective investors at no charge upon request to Jennifer H. Boyce, Riverside’s General Counsel and Chief Compliance Officer, at (216) 706-3488.

The Advisers do not require prepayment of Management Fees more than six months in advance or have any other events requiring disclosure under this item of the Brochure.

- 45 -

FORM ADV PART 2B INVESTMENT ADVISER BROCHURE SUPPLEMENT

BELA SZIGETHY STEWART KOHL

RIVERSIDE PARTNERS L.L.C.

Riverside Partners L.L.C. 45 Rockefeller Center 630 Fifth Avenue, Suite 400 New York, New York 10111 (212) 265-6575 http://www.riversidecompany.com

March 2026

This brochure supplement provides information about Béla Szigethy and Stewart Kohl, Riverside’s Co-CEOs, that supplements the Riverside Partners Form ADV Part 2A Investment Adviser Brochure included herein. Please contact Ms. Jennifer Boyce at (216) 706-3488 if you have any questions about the contents of this supplement.

- 46 -

Béla Szigethy Educational Background and Business Experience Together with Stewart Kohl, Mr. Szigethy oversees all aspects of Riverside’s activities. He has more than 42 years of corporate finance experience, including 37 years as a leveraged buyout investor with Riverside. Prior to founding The Riverside Company in 1988, he was a vice president in the leveraged acquisition department of Citibank, where he worked for seven years. Mr. Szigethy holds a BA from Oberlin College and a Master’s of International Affairs in International Finance from Columbia University. Mr. Szigethy was born in 1955. Disciplinary History There are no legal or disciplinary events to disclose with respect to Mr. Szigethy. Other Business Activities Mr. Szigethy is not currently engaged in any significant private equity investment-related activities as a general partner outside of his roles with Riverside and its affiliated investment advisors. Mr. Szigethy is the owner of small local businesses and real estate in Lake Hopatcong, New Jersey and the owner of two opportunity zone funds which invest in real estate in Dover, New Jersey as well as its tenants. Additional Compensation Mr. Szigethy does not receive any additional compensation that is required to be disclosed. Supervision As the founder and a co-CEO of Riverside, Mr. Szigethy is part of a team that is responsible for implementing and overseeing the investment strategy of Riverside. Mr. Szigethy is not subject to the direct supervision of any other individual. The General Counsel and Chief Compliance Officer of Riverside, Jennifer H. Boyce, supervises the actions of Mr. Szigethy with respect to Riverside’s Compliance Program, which includes policies governing giving advice to clients. Ms. Boyce can be reached by calling (216) 706-3488.

- 47 -

Stewart Kohl Educational Background and Business Experience Together with Mr. Béla Szigethy, Mr. Stewart Kohl oversees all aspects of Riverside’s activities. He has more than 37 years of leveraged buyout investing experience, including 32 years with Riverside. Prior to joining Riverside in 1993, he was a vice president of Citicorp Venture Capital, the private equity arm of Citibank. Mr. Kohl holds a BA from Oberlin College. Mr. Kohl was born in 1955. Disciplinary History There are no legal or disciplinary events to disclose with respect to Mr. Kohl. Other Business Activities Mr. Kohl is not engaged in any investment-related business outside of his roles with Riverside and its affiliated investment advisers. Mr. Kohl serves as an Honorary Trustee on the Oberlin College Board of Trustees, as a Director on the Cleveland Clinic Foundation Board of Directors, as an Honorary Director at the Cleveland Museum of Contemporary Art, as a Director on The Cleveland Foundation Board of Directors and as a Trustee on The Jewish Federation of Cleveland Board of Trustees. Additional Compensation Mr. Kohl does not receive any additional compensation that is required to be disclosed. Supervision As a co-CEO of Riverside, Mr. Kohl is part of a team that is responsible for implementing and overseeing the investment strategy of Riverside. Mr. Kohl is not subject to the direct supervision of any other individual. The General Counsel and Chief Compliance Officer of Riverside, Jennifer H. Boyce, supervises the actions of Mr. Kohl with respect to Riverside’s Compliance Program, which includes policies governing giving advice to clients. Ms. Boyce can be reached by calling (216) 706-3488.

- 48 -