Satori Capital, LLC

The Advisers are a private investment firm located in Dallas, Texas and Fort Worth, Texas. The Filing Adviser and the Relying Advisers together have filed a single form ADV in reliance on the umbrella registration provisions provided in SEC Release No. IA-4509 (August 25, 2016). References herein to the Filing Adviser or the Relying Advisers include affiliated management companies of the Filing Adviser and the Relying Advisers, and references herein to the “Adviser” means the applicable Adviser(s) for a particular Fund and its affiliated management companies, and “Advisers” include the Filing Adviser, the Relying Advisers and their affiliated management companies. The Advisers, either directly or through affiliates, provide investment advice on a discretionary and non-discretionary basis to a number of private investment vehicles that are part of the Satori Capital family of funds and that pursue specialized investment strategies as described herein (each, a “Fund”, and together, the “Funds”). 1 0F

The Filing Adviser was formed in November 2008 and began providing advisory services to Funds in 2009. The Relying Advisers were formed at the times set-forth below after its name and began providing advisory services to Funds shortly after formation: Satori Alpha Management, LLC (August 2013); Satori Alpha GP, LLC (March 2011); Satori Management, LLC (September 2009); Satori Capital 2009 GP, LLC (September 2009); Satori Capital Strategic Opportunities GP, LLC (August 2010); Satori Capital III GP, LLC (October 2015), Satori Capital IV GP LLC (April 2023), Satori Crossover Partners GP, LLC (March 2015), Satori Co-Investment GP, LLC (July 2019) Satori Co-Investment II GP, LLC (December 2021), Satori Thematic Partners GP, LLC (December 2021), Satori Thematic GP II LLC (December 2025), Satori Power GP, LLC (March 2022) Satori Power Management, LLC (March 2022), Satori Neuro Management LLC (March 2023), and Satori Neuro Partners GP LLC (March 2023). In connection with sponsoring a Fund, the Adviser is responsible for evaluating and monitoring Fund investments and providing day-to-day managerial and administrative services to the Fund, as more fully described in the offering memorandum and/or governing documents of each Fund. Randall M. Eisenman (“Eisenman”) and Sunny C. Vanderbeck (“Vanderbeck”) solely own and control indirectly through entities and trusts, all of the Advisers other than Satori Alpha Management, LLC, Satori Alpha GP, LLC, Satori Thematic Partners GP, LLC, Satori Thematic GP II LLC, Satori Power GP, LLC, and Satori Power Management, LLC. Eisenman, Vanderbeck, and James E. Haddaway (“Haddaway”) own and control indirectly through entities and trusts, Satori Alpha Management, LLC, Satori Alpha GP, LLC, Satori Thematic Partners GP, LLC and Satori Thematic GP II LLC. Eisenman, Vanderbeck, Haddaway and Paul Strigler own and control, both directly and indirectly through entities and trusts, Satori Power GP, LLC and Satori Power Management, LLC. Eisenman, Vanderbeck, Haddaway and Amy Kruse own and control, both directly and indirectly through entities and trusts, Satori Neuro Management LLC and Satori Neuro Partners GP LLC. The Advisers operate under a single code of ethics (the “Code”) adopted in accordance with Rule 204A-1 under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), and a single written compliance program adopted and implemented in accordance with Rule 206(4)-7 under the Advisers Act and administered by a single chief compliance officer. In February 2025, the Advisers appointed a new Chief Compliance Officer, Rugger Burke, to oversee and conduct the Firm’s compliance program.

As an SEC-registered investment adviser, Satori owes a fiduciary duty to all of its clients. In 2006, the decision by the Court of Appeals for the D.C. Circuit in Goldstein v. SEC, 451 F.3d 873 (D.C. Cir. June 23, 2006), with respect to private funds, clarified that the “client” of an investment adviser to a private fund is the fund itself and not an investor in the fund. For purposes of this Brochure, the terms “Fund” or “Funds” refer to the advisory clients of the Adviser.

The Advisers’ advisory services currently include five distinct investment strategies: a private equity strategy, an alternative investments strategy, a hybrid investment strategy, an early and growth stage investments strategy, and a long/short energy transition sector strategy. Private Equity Strategy Filing Adviser and certain Relying Advisers (i.e., Satori Capital 2009 GP, LLC; Satori Capital Strategic Opportunities GP, LLC; Satori Capital III GP, LLC; Satori Capital IV GP LLC; and Satori Co-Investment GP, LLC) provide advisory services to seven Funds pursuing the private equity strategy (i.e., Satori Capital 2009, LP; Satori Capital Strategic Opportunities, LP; Satori Capital III, LP; Satori Capital IV LP, Satori SunTree, LP; Satori Co-Investment, LP; Satori Co-Investment II, LP, and Satori Capital IV LP). The Filing Adviser and Relying Advisers providing advisory services to Funds pursuing the private equity strategy are sometimes referred to herein as the “Satori PE Adviser.” Satori PE Adviser, on behalf of the Funds pursuing the private equity strategy, seeks to acquire both minority and majority positions in privately held, profitable, sustainably run companies operating in the lower middle market. Satori PE Adviser believes that companies engaged in sustainable business practices offer excellent opportunities for growth with lower overall risk to investors. These businesses often deliver strong returns by operating with a long-term perspective, committing to their mission or purpose, and focusing on creating value for each of their stakeholders. The benefits of such practices include increased employee engagement, higher customer loyalty, collaborative partnerships with vendors and suppliers, and strong community support. The resulting system of motivated and aligned stakeholders often results in higher quality products and services, increased demand for those products and services, and a more resilient business. Satori PE Adviser intends to make the majority of the Funds’ investments in companies headquartered in the United States. Satori PE Adviser strongly prefers to acquire portfolio companies with talented executive leadership already in place; Satori PE Adviser expects, however, that in many cases it will recruit other high-caliber leaders to complement a company’s existing executive team. Additionally, Satori PE Adviser favors investments in companies operating in industries where it has relevant operational expertise, namely: business services, commercial and industrial services, consumer products, education, financial services, IP- or engineering-driven manufacturing, mature technology, software, and telecom. Satori PE Adviser provides advisory services to the Funds according to the investment objectives and strategies as set forth in each Fund’s offering materials and/or governing documents. Satori PE Adviser does not tailor its advisory services to the individual needs of any of the investors in the Funds. Alternative Investments Strategy Certain Relying Advisers (i.e., Satori Alpha Management, LLC, Satori Alpha GP, LLC, Satori Thematic Partners GP, LLC, and Satori Thematic GP II LLC) provide advisory services to three Funds that pursue the alternative investments strategy (i.e., Satori Alpha, LP, Satori Alpha II, LP, Satori Thematic Partners, LP, and Satori Thematic Partners II LP). Relying Advisers providing advisory services to Funds pursuing the alternative investments strategy are sometimes referred to herein as the “Satori Alpha Adviser.” Satori Alpha Adviser, on behalf of the Funds pursuing the alternative investments strategy, seeks to invest with professional money managers (“Third-Party Managers”) who employ a variety of investment strategies through their own pooled investment funds, funds of one, or on a managed

account basis. Unlike investment funds that pursue a single strategy, Satori Alpha Adviser takes a concentrated, multi-manager approach in asset allocations to attempt first to enhance returns and second to mitigate risk. Satori Alpha Adviser, on behalf of the Funds, may also directly pursue investment strategies pursued by the Third-Party Managers or opportunistically invest the Fund’s assets directly (such investments in Third-Party Managers or directly in assets is referred to as the “Investments”). While each of its Funds pursuing the alternative investments strategy will follow the general strategies stated above, Satori Alpha Adviser may tailor the specific advisory services with respect to each Fund at Satori Alpha Adviser’s discretion and based on the individual investment strategy of each Fund. Investors in certain Funds may, but are not obligated to, participate in each Investment (the “OptIn Investors”). Investors in certain other Funds have a choice between two (2) difference classes of interests depending on the size of its investment in the Fund – class A and class B. Investors in class A are Opt-In Investors. Investors in class B have no discretion to determine which Investments they invest in (such investors, the “Discretionary Investors” and together with the Opt-In Investors, the “Investors”). Because of the structure of the Funds pursuing the alternative investments strategy, each Investor will have a unique and different allocation of underlying Investments. Each Opt-In Investor will determine that allocation for itself. Satori Alpha Adviser will determine which Investments the Discretionary Investors invest in based on its understanding of each of the Discretionary Investor’s investment objectives, diversification goals, and risk tolerances, as communicated by such Discretionary Investors. Satori Alpha Adviser’s determination of appropriate Investments for each Discretionary Investor may be materially different than Satori Alpha Adviser’s determinations with respect to any other Discretionary Investor and may be materially different than what such Discretionary Investor may otherwise have chosen for itself. While Satori Alpha Adviser takes into account the investment objectives, goals, and risk tolerances of the Discretionary Investors, it does not tailor its advisory services to the individual needs of any of the Investors in the Funds. Likewise, Investors may not impose restrictions on investing in certain securities or types of securities. Satori Alpha Adviser, on behalf of the Funds pursuing the alternative investments strategy, will also cause those Funds to provide seed or acceleration capital to Third-Party Managers of other private investment funds in order to share in the management fees, performance allocations and other revenue income of these Third-Party Managers (the “Seed Investments”). In those instances, and as provided in more detail in Item 5, the Fund will receive a portion of those management fees, performance allocations and other revenue income with the remaining portion going to the Satori Alpha Adviser or its affiliates. Hybrid Investments Strategy Filing Adviser and certain Relying Advisers (i.e., Satori Crossover Partners GP, LLC) provide advisory services to two single purpose entities pursuing the hybrid investment strategy (Satori HWE, LP, and Satori Aspen Heights, LP). The Filing Adviser and the Relying Advisers providing advisory services to Funds pursuing the hybrid investment strategy are sometimes referred to herein as the “Satori Hybrid Adviser.” For purposes of simplicity, the single purpose entities pursuing the hybrid investment strategy are referred to as a Fund for purposes of this Brochure. When a Satori Hybrid Adviser finds an investment opportunity that is compelling but does not otherwise fit within the private equity strategy or alternative investment strategy, the Adviser will generally form a single purpose entity to invest in such opportunity and the Satori Hybrid

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Management Fees As compensation for its advisory services, the Advisers receive an annualized quarterly management fee (the “Management Fee”) as described below: Private Equity and Hybrid Investments Strategies For Funds that pursue a private equity strategy or a hybrid investment strategy, the Adviser charges a 2.0% Management Fee based on committed capital, capital invested, and/or the value of the underlying investments. The Adviser may waive or reduce the Management Fee in its discretion. Alternative Investments Strategy For Funds that pursue an alternative investments strategy, the Adviser charges a 1.0% Management Fee based on an investor’s capital account plus, during the commitment period, the investor’s uncalled capital commitment. The Adviser may waive or reduce the Management Fee in its discretion.

Early and Growth Stage Investments Strategy For Funds that pursue the early and growth stage investments strategy, the Adviser charges a 0.5% Management Fee with respect to each Limited Partner’s aggregate Capital Commitment. Beginning with the first calendar quarter after the 5)-year anniversary of the Final Closing Date until the termination of the Fund, the Adviser will charge the greater of (i) 0.3125% (1.25% per annum) of that Limited Partner’s aggregate Capital Commitment; and (ii) 0.5% (2.0% per annum) of the aggregate Carrying Value of all existing Investments. The Adviser may waive or reduce the Management Fee in its discretion. Long/Short Energy Transition Sector Strategy For Funds that pursue the long/short energy transition sector strategy, the Adviser charges, with respect to each Investor Capital Account that is not a Founders Class Capital Account, 0.5% (2.0% per annum) of the balance of that Capital Account as of such date; and, with respect to each Investor Founders Class Capital Account, 0.375% (1.5% per annum) of the balance of that Founders Class Capital Account as of such date. The Management Fee shall be calculated and determined separately with respect to each Capital Account established in respect of an Investor. The Management Fee is calculated and paid in advance (but will be amortized monthly over the quarter for which such Management Fee is paid). The Adviser may waive or reduce the Management Fee in its discretion. A more detailed description of the Management Fee borne by a particular Fund is available in the offering memorandum, subscription agreement, and/or governing documents of the respective Fund. Performance Compensation The Advisers or an affiliate receives performance compensation, as described below: Private Equity and Hybrid Investments Strategies For Funds that pursue a private equity strategy or a hybrid investment strategy, the general partner of a Fund receives a share of investment proceeds equal to 20% of the realized profits relating to realized investments of a Fund (the “Carried Interest”), after (i) a return of capital to the participating Investors equal to their capital committed to fund the investment (and in certain Funds or classes of interests within a Fund, previously disposed of investments or investments fully written off), (ii) a return of capital to the participating Investors equal to their capital committed to pay for fund expenses (e.g. organizational expenses, operating expenses and management fees) relating to such realized investment, and (iii) a cumulative preferred return, if applicable, to participating Investors. The general partner may waive or reduce the Carried Interest in its discretion. The Carried Interest of a Fund may be subject to an obligation to repay the Fund if, upon liquidation of the Fund, the cumulative Carried Interest distributions paid exceeds 20% (the “Clawback”). A more detailed description of the Carried Interest charged by the general partner of a Fund or its affiliate is available in the offering memorandum, subscription agreement, and/or governing documents of the respective Fund. Alternative Investments Strategy At the end of each fiscal year, the general partner of a Fund will be allocated an “Incentive Allocation” equal to 10% of the difference between each Investor’s capital account as of that date and such Investor’s “Maximum Capital Accounts” as of that date (the “New Profit”). For Opt-In

Investors, New Profit may be calculated on an investment by investment basis rather than the Investor’s total capital account. The general partner of a Fund may waive or reduce the Incentive Allocation in its discretion. Use of the Maximum Capital Accounts creates what is commonly known as a “high water mark” limitation. Thus, after the first fiscal year in which Incentive Allocation is earned, the Incentive Allocation for subsequent fiscal years only applies to the extent that an Investor’s pro rata share of net profits measured on a cumulative basis, net of any losses, for all years since admission exceeds the highest level of such cumulative net profits achieved through the close of any prior fiscal year since admission. If an Investor makes a withdrawal at a time when its capital account balances are below their historic “high water mark” level, the level is ratably reduced to reflect such withdrawal. With respect to an Investor who withdraws capital on a date other than the end of a fiscal year, the general partner will be allocated an Incentive Allocation as described above with respect to the withdrawal amount. The amount of any Incentive Allocation attributable to an Investor will be apportioned among the Investments in which the Investor participates, based upon the general partner’s reasonable determination of the relative amounts of profit and loss taken into account in determining the New Profit attributable to such Investments, and the amount so apportioned (and the corresponding portion of any Incentive Allocation) will be taken into account in determining the Investor’s investment account for each such Investment. A more detailed description of the Incentive Allocation charged by the general partner of a Fund or its affiliates is available in the offering memorandum, subscription agreement, and/or governing documents of the respective Fund. Other Compensation In addition to the fees above, with respect to any private equity Funds, early or growth stage investment Funds, or hybrid investment strategy Funds, the Adviser or an affiliate may be entitled to receive and retain from the Funds or the underlying investment entity or portfolio company financing fees, recapitalization fees, break-up fees, transaction-related fees, directors’ fees, monitoring fees, and fees for management, financial consulting, investment banking, advisory, and other services. Certain of the foregoing fees will accelerate and become due and payable in full upon the Fund’s earlier sale or disposition of an investment or portfolio company. In certain circumstances, Management Fees may be reduced by a stated percentage of any such fees earned. A more detailed description of the other compensation is available in the offering memorandum, subscription agreement, and/or governing documents of the respective Fund. With respect to Funds that pursue an alternative investments strategy, the Funds will make Seed Investments, and in return, receive a share of the management fees, performance allocations, and other revenue income received by these Third-Party Managers (the “Seed Investment Revenue”). The Adviser or an affiliate will generally be entitled to receive and retain up to 50%) of any Seed Investment Revenue (i.e., the percentage amounts allocated to the Adviser and/or its affiliate can vary among Seed Investments and may be less than 50% but will generally be 50%). In addition, the Adviser or an affiliate will receive its Incentive Allocation, if any, on the Seed Investment Revenue allocated to the Funds. The Adviser and/or its affiliates will also provide consulting, advisory services, advice, and/or assistance to Third-Party Managers of other private investment funds in a non-seeding, nonacceleration situation (i.e., in a non-Seed Investment situation), and in return receive a share of the management fees, performance allocations, and other revenue income received by these Third-Party

Managers (the “Revenue Stream”). The Revenue Stream is solely for the account of the Adviser and/or its affiliates irrespective of whether a Fund invests in such private investment fund or with such Third-Party Manager. The Adviser and/or its affiliates are neither required to share any of the Revenue Stream with the Fund or any Investor in the Fund nor required to reduce the compensation received by the Adviser and/or their affiliates from the Fund by the amount of the Revenue Stream. Nonetheless, the Adviser may choose to share some of the Revenue Stream with a Fund. Any amount of Revenue Stream shared with a Fund will be determined in the sole discretion of the Adviser on a case-by-case basis. Management Fee and other Compensation Waivers Satori PE Adviser, Satori Hybrid Adviser, Satori Neuro Adviser, Satori Power Advisor and Satori Alpha Adviser (with respect to a closed- end Investment (i.e., an Investment where a Fund pursuing the alternative investments strategy cannot redeem or withdraw from such Investment until such Investment liquidates)), may reduce in advance any Management Fee or other compensation described above in this Item 5 by an amount determined in the discretion of the Adviser (the amount reduced, the “Fee Waiver”), and such Fee Waiver will be designated on the books of a Fund as though the Adviser or its affiliates made a separate capital contribution in an amount equal to the Fee Waiver into one or more specific investments, as determined by the applicable Adviser in its sole discretion. In consideration for the Fee Waiver, the applicable Adviser will receive from a Fund a special distribution in an amount equal to the Fee Waiver only if the Fund actually receives distributions from such applicable investment(s) in excess of the amount the Fund contributed to such investment (i.e., the special distribution is only from the profits (if any) from such investment). In addition to such special distribution, the Fund will also distribute the applicable Adviser’s share of proceeds from such investment(s) equal to the amount such Adviser would have received if the Adviser had actually contributed the Fee Waiver amount as a capital contribution to the applicable investment(s) for the applicable period. In other words, if an Adviser reduces its Management Fee or other compensation pursuant to a Fee Waiver so that the corresponding amount is treated as a capital contribution to the applicable investment on behalf of the Adviser, the Adviser will not only receive the amount of its Fee Waiver from distributions of profit (if any) on such investment but it will also receive its share of the gains (if any) on such underlying investment as though such Fee Waiver had actually been invested in the underlying investment. The Adviser is incentivized to make Fee Waivers in exchange for a designated capital contribution by the Adviser or its affiliates in investments the Adviser believes have the greatest potential upside. Fee Waivers will cause an additional part of the Investor’s upside (if any) in an investment to be allocated to the Adviser, which will give the Adviser a larger percentage of an Investor’s upside (if any) than the performance fees highlighted in this Item 5. If, however, an investment is not profitable, the Adviser will not receive any amounts with respect to its Fee Waiver and will permanently forfeit receiving any amounts for such Fee Waiver. Fees are negotiated on a case-by-case basis. Management Fees are paid quarterly in advance out of current income and disposition proceeds of the Funds or from drawdowns of capital commitments. Performance compensation is made as indicated in Item 5.A. above. Since Investors are not permitted to withdraw their investments in the Funds focused on private equity strategies and hybrid investment strategies and Investors are not permitted to withdraw their investments in the Funds focused on the alternative investments strategy more frequently than quarterly, refunds of Management Fees are not available to Fund Investors. In addition to the compensation described in 5.A. above, the Funds may be subject to additional expenses as follows:

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Introduction Satori PE Adviser’s advisory services include pursuing private equity strategies on behalf of six Funds as described more fully below. Satori Alpha Adviser’s advisory services include pursuing an alternative investments strategy on behalf of three Funds. Satori Hybrid Adviser’s advisory services include pursuing hybrid investment strategies on behalf of two Funds as described more fully below. Satori Power Adviser’s advisory services include pursuing a long/short energy transition sector strategy on behalf of one Fund as described more fully below. Satori Neuro Adviser’s advisory services include pursuing an early and growth stage investments strategy on behalf of one Fund as described more fully below. The discussion below describes the methods of analysis and investment strategies utilized by the Advisers for the Funds. With respect to each strategy, the Advisers may sponsor Funds that apply different or overlapping investment criteria within the strategies, as more fully described in each Fund’s offering memorandum and/or governing documents. In addition, in certain circumstances, the Advisers may offer co-investment opportunities in individual private equity portfolio company investments and/or hybrid investment opportunities to the extent that the Advisers determine the size of an investment opportunity exceeds either (1) a Fund’s investment limitations or (2) the amount the Adviser believes to be appropriate for a Fund to invest. In such situations, the Advisers may attempt to identify a strategic investor that can provide value beyond its financial investment and/or offer the excess investment to all Fund Investors pro-rata based on their capital commitments. Any such co-investment opportunities may be made through co-investment vehicles investing alongside the Funds. Each Fund may borrow money under a subscription line of credit pending receipt of capital contributions from the Investors in that Fund. A Fund may pledge or assign to one or more lenders, as security for such indebtedness, the Fund’s assets, including any capital commitments from investors, the right to make capital calls, and the right to enforce such capital calls. Private Equity Strategy Funds pursuing the private equity strategy focus on opportunities in the lower middle market, which Satori PE Adviser generally equates to businesses generating in the range of $5 million to $50 million of annual EBITDA; provided, however, those Funds may invest in businesses generating EBITDA outside of this range. Satori PE Adviser believes that mid-sized, owner-operated companies are particularly well suited to scaling through a sustainable approach. In addition, the

investment dynamics for businesses of this size benefit from the market inefficiencies created due to the relatively few institutional investors and intermediaries operating in this space. This often leads to lower purchase price multiples for these businesses and the opportunity for significant multiple expansion through an exit or other liquidity event. Based on the specific Fund mandate, Satori PE Adviser may have a Fund acquire equity, equityrelated securities, debt securities, hybrid securities, or other securities and investments in businesses that operate or intend to operate in a sustainable manner and have the potential to provide longterm capital appreciation and cash flow generation. A Fund may acquire its securities through acquisitions, recapitalizations, loans, or restructurings, and may invest in corporations, limited liability companies, partnerships, trusts, or other types of entities. Geographically, Satori PE Adviser intends to have a Fund make the majority of its investments in companies headquartered in the United States. The Southwest is a region where the Satori PE Adviser team has significant operating and investing experience, possesses a strong network of senior executives in a variety of industries, and maintains deep relationships with other capital market participants, including investment bankers, business brokers, and capital providers. In addition, Satori PE Adviser considers this area a healthy, diversified, and business-friendly region with favorable population demographics and tax structures. Satori PE Adviser prefers a Fund invest in businesses operating in industries where Satori PE Adviser team members have relevant experience and the potential to unlock significant value. These industries include, but are not necessarily limited to: * * * * * * *

Business Services Commercial and Industrial Services Consumer Products Education Financial Services IP- or engineering-driven manufacturing Mature Technology, Software, and Telecom

Satori PE Adviser may also seek to have a Fund opportunistically invest in situations where it believes attractive risk/return dynamics exist regardless of size, stage, geography, and ownership amounts. Satori PE Adviser intends to leverage its network of relationships and operating experience to be proactive when a strong executive or management team is seeking a long-term capital partner. Additionally, Funds pursuing the private equity strategy may provide capital to other investment funds; these investments will most likely occur in partnership and limited liability company structures. Conscious Capitalism and Sustainability Satori PE Adviser strongly advocates and embodies the tenets of what it commonly refers to as conscious capitalism as a method of creating superior and sustainable long-term value. At the core of conscious capitalism is an emphasis on a company’s mission and purpose, a stakeholder-centric approach to business, and the concept of steward leadership, where leaders view their role as a fiduciary of the company’s resources, responsible for the well-being of its stakeholders. These tenets are central to Satori PE Adviser’s activities throughout all phases of the investment process; they inform the Adviser’s actions during investment origination and due diligence, and they guide the Satori PE Adviser team as it works to unlock value in the Funds’ portfolio companies.

The “Sustainability Model” depicts the virtuous cycle enjoyed by a business that adheres to the tenets of conscious capitalism. The cycle revolves around a strong sense of mission and purpose that is highly motivating and provides a reason for all of the company’s stakeholders to care deeply about the success of the enterprise. Satori PE Adviser believes that engaged employees are more productive and loyal, which leads to long-lasting and profitable relationships with customers, vendors, and suppliers, resulting in higher quality products and services and satisfied and enthusiastic customers. Deeply satisfied customers are more loyal and profitable. Profits enable the firm to provide active support to the community and the environment, which endears the business to its customers, neighbors, and regulators and builds a strong base of supporters that make the company more resilient in the face of adversity. In Satori PE Adviser’s view, the end result is that long-term investors reap tremendous financial rewards and the company’s steward leaders are provided with the necessary capital to keep the cycle in motion, resulting in a compounding of the cycle’s benefits with each turn. Sustainability in Action Satori PE Adviser deeply integrates the principles of sustainability into all of its activities and procedures. Its investment process combines comprehensive strategic, financial, and operational analyses with an equally rigorous sustainability analysis. Specifically, Satori PE Adviser looks closely at how a company relates to all of its stakeholders: employees, customers, partners, suppliers, shareholders, as well as the community and environment. This additional layer of analysis, which many private equity investors often minimize or ignore, provides added insight regarding the quality of a company’s management and culture and brings into focus a prospective investment’s true risks and potential. Satori PE Adviser believes that sustainably run businesses are better managed, more innovative, less risky, and better positioned to deliver superior performance over the long-term. The Adviser selects its investments based on this approach and strongly encourages its portfolio companies to operate accordingly. Satori PE Adviser is also committed to increasing awareness for the virtues of sustainable practices, both in practice and through the Satori Foundation, which is dedicated to supporting sustainability causes around the world. Investment Sourcing The objective of Satori PE Adviser’s outreach efforts is to establish the Funds pursuing the private equity strategy as the preferred capital partner for companies building long-term value through a sustainable approach. Marketing and business development are core competencies of the Adviser, and Satori PE Adviser considers its efforts in these areas to be critical to the Funds’ success. Accordingly, Satori PE Adviser devotes significant resources to identifying and capitalizing on its best sources of new investment opportunities. Satori PE Adviser’s skills in this area, when combined with its team’s diverse backgrounds and robust networks, should continue to supply considerable high-quality investment opportunities. Through significant operating and investing experience, the members of the Satori PE Adviser team have built strong networks of senior executives in a variety of industries. In addition, they have developed deep relationships with financial intermediaries, as well as debt, venture capital, and private equity funds. These networks should prove to be fruitful sources of investment opportunities. The Adviser also employs an innovative approach to reach out directly to companies that meet the Funds’ investment criteria. In addition, members of the Satori PE Adviser team have held or

currently hold leadership positions in organizations such as Young Presidents’ Organization (YPO) and various non-profits and community groups; these organizations should continue to be excellent sources of investment opportunity for the Funds. Furthermore, members of the Satori PE Adviser team are frequently asked to speak at events and conferences organized by members of the sustainable business community. The exposure that results from these events is another fruitful source of investment opportunities for the Funds. Satori PE Adviser’s Investment Committee (the “PE Investment Committee”) will assist the Satori PE Adviser in investing and monitoring the assets of the Funds. The PE Investment Committee’s responsibilities include establishing investment strategies, guidelines and processes, approving all investments proposed by the Funds, and monitoring the performance of the Funds’ investments. The Funds will obtain errors and omissions liability insurance for the members of the PE Investment Committee. Alternative Investments Strategy Funds pursuing the alternative investments strategy generally invest in Third-Party Managers. The Third-Party Managers manage the Fund’s assets through their own private investment funds, funds of one, or in separate managed accounts. No assurance can be made that Satori Alpha Adviser will allocate Investments in the manner anticipated or that Satori Alpha Adviser will be successful in selecting Third-Party Managers that yield consistent, or above average, risk adjusted returns. Satori Alpha Adviser also makes opportunistic direct investments on behalf of the Funds from time to time. The Funds will make Seed Investments in Third-Party Managers in order for the Funds and Satori Alpha Adviser and/or its affiliates to share in Seed Investment Revenue as described in Item 5. Satori Alpha Adviser’s Investment Committee (the “SA Investment Committee”) will assist the Adviser in investing and monitoring the assets of the Funds. The SA Investment Committee’s responsibilities include establishing investment strategies, guidelines and processes, approving all investments proposed by the Funds, and monitoring the performance of the Funds’ investments. The Funds will obtain errors and omissions liability insurance for the members of the SA Investment Committee. Investments with Third-Party Managers Satori Alpha Adviser has created a diversified fund of investment managers based on its principals’ experience of finding Third-Party Managers that it believes will achieve an asymmetric risk-return profile over the longer term. Third-Party Managers are hired who have experience in a wide variety of asset classes and styles including undervalued assets, long/short equity, credit, volatility-driven strategies, high frequency trading, foreign exchange, distressed securities, fixed income, commodities, energy, municipal bonds, real estate, biotech, venture capital, marinas, mortgage and other asset-backed securities, digital currencies / cryptocurrencies and blockchain assets, equity volatility trading, and event-driven equity and debt, among others. The Fund will be active in emerging economies as well as developed markets, and intends, through the Third-Party Managers, to invest across a range of financial instruments, including, but not limited to equities, debt instruments, derivatives, securities, and currencies. Through Third-Party Managers, the Fund may engage in short selling, margin trading, and the purchase and sale of options and other derivatives, which have inherent risks. In allocating assets, Satori Alpha Adviser will seek to opportunistically allocate capital among its underlying Investments. Satori Alpha Adviser intends to take an opportunistic approach where it

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As mentioned in Item 4, the Advisers provide investment advisory services on a discretionary and non-discretionary basis to Funds investing in private equity strategies, alternative investments strategies, hybrid investment strategies, and long/short energy transition sector strategies. Investors in the Funds must be accredited investors within the meaning of Regulation D under the Securities Act of 1933, as amended, and, for certain Funds, qualified purchasers within the meaning of the Investment Company Act of 1940, as amended. Certain Funds remain generally closed to new investors. Generally, the minimum commitment by a limited partner to a Fund is $1 million. However, the Adviser reserves the right to accept commitments of lesser amounts.

As stated in Item 5 above, the Advisers or an affiliate will receive performance compensation. As a result, the Advisers may have a conflict of interest between their responsibility to manage the various Funds’ investment portfolios and their interest in maximizing the performance compensation. For example, the performance compensation may create an incentive for the Advisers to make investments that are riskier and more speculative than would be the case in the absence of performance compensation. In addition, since the Advisers manage multiple Funds with similar investment strategies and/or different fee levels on a side-by side basis, the Advisers may have conflicts of interest in: (i) allocating their time and activity among the multiple Funds; (ii) allocating investments among the multiple Funds; and (iii) effecting transactions among the multiple Funds, including ones in which an Adviser, its principal(s), and/or affiliate(s) may have a greater financial interest. These conflicts of interest may create an incentive for the Advisers to favor one Fund in which the Advisers and its affiliates have a greater financial interest with respect to allocation of time and activity, limited investment opportunities, or investments that the Advisers regard as more attractive or better performing investments. To address these conflicts of interest, the Advisers have implemented policies and procedures to ensure all Funds receive equitable and fair treatment over time with respect to the allocation of investment opportunities, based on all relevant factors (e.g., capital commitments, available cash, investment appetite, strategy, strategy portfolio limitations, concentration, etc.).

The Advisers are not registered, and do not have an application pending to register, as a brokerdealer or registered representative of a broker-dealer. Currently, no employees of the Advisers are registered representatives of a broker-dealer. Neither the Advisers nor any of its management persons are registered, or have an application pending to register, as a futures commission merchant, commodity pool operator, commodity trading advisor, or an associated person of the foregoing entities. The Advisers are, or are affiliated with, the general partner of each of the Funds. The Advisers and their management personnel and employees might have conflicts of interest in (i) allocating their time and activity between and among the Funds, (ii) allocating investments among the Funds, and (iii) effecting transactions for the Funds or a Fund, including in such instances where the Advisers or their management personnel, employees or affiliates may have a greater financial interest. To address this conflict, the Advisers have established procedures, as described above in Item 6, so that the Funds receive equitable and fair treatment with respect to the allocation of investments among the Funds. As described above in Items 5 and 6, the Advisers receive asset-based and performance-based compensation from the Funds, in addition to other forms of compensation. Some of the amounts payable to the Advisers by certain Funds will be based directly on the net asset value of the Funds or the value of the underlying investments owned by such Fund. To the extent that valuation of a Funds’ assets will be determined by the Advisers because there is, for example, no public market price available, there may be a conflict of interest. To address this conflict, the Advisers value such assets in accordance with the valuation policies and procedures as disclosed in a Fund’s offering material and/or governing documents. The Advisers have no other relationships or arrangements with any related person that are material to its advisory business or to the Funds. The Advisers do not receive any compensation from third-party advisers that it or any affiliate recommends or selects for the Funds other than as discussed in Item 5 of this Brochure. Other than in

connection with a Fund’s investment strategy, the Advisers have no other business relationship that creates a material conflict of interest with any third-party advisers that it or any affiliate recommends or selects for the Funds.

The Advisers have adopted a written Code of Ethics designed to address and avoid potential conflicts of interest as required under Rule 204A-1 of the Advisers Act (the “Code”). The Code sets forth a standard of business conduct and compliance with federal securities laws by all of the Advisers’ employees. The Code contains policies and procedures that ensure that all personal securities trading by employees of the Advisers is conducted in such a manner as to avoid actual or potential conflicts of interest or any abuse of an individual's position of trust and responsibility. The Advisers prohibit personal trading of certain securities or instruments; requires pre-clearance of personal trades in certain circumstances, including purchases of an IPO or a new private placement; requires periodic reporting of employees' personal securities transactions and holdings; and requires prompt internal reporting of Code violations. While the Advisers very rarely have access to non-public information relating to public companies, as part of its Code, the Advisers have established procedures to prevent the abuse of material, nonpublic information, which includes procedures for, among other things, the use and maintenance of restricted trading lists. Because the structure of the Advisers would make information barriers impractical, the firm has not imposed information barriers to restrict the internal flow of possible material, non-public information. Thus, all professionals are deemed to be in receipt of material, non-public information in all instances where any professional of the Adviser has received material, non-public information and therefore may not trade on the basis of that information. The Advisers will provide a copy of the Code to any Investor or prospective Investor upon request. The Advisers generally do make recommendations of investments in which it or a related person has a financial interest, but the Advisers will make recommendations to invest into investments in which it, a related person, or the Fund receives Seed Investment Revenue or a Revenue Stream (as discussed in Item 5). This could potentially present conflicts of interest. The Chief Compliance Officer carefully reviews portfolio investment opportunities for potential conflicts before they are presented to limited partners or invested in by the Funds. Then, the Advisers provide written notice as to its interest, if any, in any investments to the limited partners. Certain principals of the Advisers can invest in the same or related securities that the Advisers recommend to the Funds. In addition, certain Funds and third-party investors may co-invest in the same portfolio investments with other Funds managed by the Advisers, as described in Item 8 hereof. In such situations, the Advisers have adopted policies and procedures to identify and deter conflicts of interest among the Advisers, its related persons and the Funds. The potential conflicts are addressed by providing written notice as to its interest, if any, in any investments. Brokers, counterparties, service providers and other third parties with whom we do business occasionally provide gifts and entertainment to our principals and employees. We may enter into business transactions and relationships on behalf of a Fund with the donors of such gifts and entertainment. Such gifts and entertainment create a conflict of interest in our selection and retention of these donors as service providers for Funds. To address this conflict, we have adopted policies and procedures to monitor gifts and entertainment given and received by our principals and

employees which may present a conflict of interest or the appearance of impropriety. We also have policies and procedures in place to help us monitor, and limit, the political contributions that our principals and employees make to public officials and candidates for elected office in accordance with the requirements of Rule 206(4)-5 under the Investment Advisers Act of 1940.

Private Equity, Early and Growth Stage Investment Strategy and Hybrid Investment Strategy The Adviser’s private equity investment strategies, early and growth stage investment strategies and hybrid investment strategies involve making negotiated investments in privately held companies, businesses, or investments. As a result, the Adviser does not select or recommend broker-dealers for and does not use “soft” dollars in connection with Fund transactions. Rather, most Fund investments are made through privately negotiated arrangements. Nonetheless, in implementing transactions for a Fund, we take into account the full range of applicable factors when hiring third party service providers or other intermediaries, including reputation, level of expertise, price, etc. On behalf of the Funds (or on behalf of their portfolio companies, if appropriate), we may engage investment banks, securities underwriters, real estate brokers, legal and tax experts, accounting experts, environmental experts, insurance professionals and other service providers. The Funds (or their portfolio companies, as applicable) pay these service providers through commissions or other service fees. We believe that analysis of the value of the services rendered by these service providers involves a number of factors, and that price is not the ultimate factor that determines whether we achieve “best execution” in selecting service providers. Alternative Investments Strategy In the limited number of circumstances where the Fund directly purchases securities other than interests in pooled investment vehicles, Satori Alpha Adviser will select brokers or dealers, as the case may be, in the manner described below. The Fund will make investments in securities that may involve brokerage commissions. Satori Alpha Adviser will have sole discretion in deciding what brokers and dealers are used and in negotiating rates of brokerage compensation for trades on behalf of the Fund. In addition to using brokers as “agents” and paying commissions, the Fund may buy or sell securities directly from or to dealers acting as principal at prices that include markups or markdowns. In choosing brokers and dealers, Satori Alpha Adviser will not be required to consider any particular criteria. For the most part, Satori Alpha Adviser will seek the best combination of brokerage expenses and execution quality but, as discussed below, is not required to select the broker-dealer that charges the lowest transaction cost, even if that broker-dealer provides execution quality comparable to other brokers or dealers. In evaluating “execution quality,” historical net prices (after mark-ups, markdowns or other transaction-related compensation) on other transactions will be a principal factor, but other factors will also be relevant, including the following: the execution, clearance, and settlement and error correction capabilities of the broker-dealer generally and in connection with securities of the type and in the amounts to be bought or sold; the willingness of the broker-dealer to commit capital; reliability and financial stability; the size of the transaction; availability of securities to borrow for short sales; and the market for the security. 1. Soft Dollars.

Satori Alpha Adviser does not currently intend to enter into soft dollar arrangements on behalf of the Fund, but may do so in the future. 2. Brokerage for Client Referrals Satori Alpha Adviser does not compensate brokers for client referrals through order flow or any other means. 3. Directed Brokerage Satori Alpha Adviser does not have any directed brokerage arrangements with Satori Alpha Adviser’s Investors. Other than in connection with any co-investments described in Item 8, Satori Alpha Adviser does not aggregate the purchase and sale of securities for its Funds. To the extent that Satori Alpha Adviser identifies an investment opportunity that satisfies the investment mandate for more than one Fund and each Fund has capacity to make the investment, Satori Alpha Adviser will allocate the investment opportunity in a manner that treats each Fund fairly. Long/Short Energy Transition Sector Strategy The Fund will establish prime brokerage and/or custodial relationships with one or more other prime brokers and/or custodians, including the Investment Manager and/or its affiliates. The Fund’s custodian(s) will have custody of all or substantially all of the Fund’s assets and provide clearing and settlement, financing, record-keeping and other services with respect to the Fund. The Fund’s custodian(s) and prime broker(s) are and will be subject to regulation by various regulatory and selfregulatory bodies in the jurisdictions in which they operate. The Fund also may establish prime brokerage and clearing arrangements with other counterparties in countries where such relationships are desired or necessary. The Fund also may enter into over-the-counter transactions, including derivatives and securities lending transactions, with a range of other counterparties. The Fund will assume the credit risk associated with placing its funds and securities with custodians and other counterparties (which may not hold such funds or securities on a segregated or fiduciary basis) and entering into contract-based transactions with other counterparties. The failure or bankruptcy of any of the custodians, prime brokers or other counterparties engaged by the Fund could have a material adverse impact on the Fund. The Fund will enter into agreements with each prime broker and custodian, which generally govern the provision of prime brokerage and custodial services, the creation and maintenance of brokerage accounts and clearing and settlement of trades and financing agreements, including margin and securities lending. These agreements also include release and indemnification provisions, which generally protect the respective prime broker or custodian from all losses other than those resulting from the gross negligence or willful misconduct of such prime broker or custodian. The General Partner or the Investment Manager periodically reviews the Fund’s prime brokerage and custodial relationships and may add or remove prime brokers or custodians from time to time as it deems necessary or advisable. In addition, the General Partner or the Investment Manager may appoint special custodians to hold specific non-U.S. securities from time to time. The Investment Manager generally is responsible for selecting which financial instruments are purchased or sold by the Fund, the amount and price of such financial instruments, the brokers, dealers or other counterparties used for Fund transactions, and commissions or markups and/or markdowns paid by the Fund. In selecting brokers to effect portfolio transactions for the Fund, the Investment Manager will attempt to evaluate the overall quality and cost of the brokers’ services

from the perspective of the Fund, considering such factors as (among other things) prices, commissions and other expenses as well as the ability of the brokers to effect the transactions, confidentiality, the quality of their research departments and the brokers’ facilities and reliability, among many other factors. The Investment Manager need not solicit competitive bids and does not have an obligation to seek the lowest available commission cost. The Investment Manager may pay higher commissions to brokers believed by it to offer superior service under the circumstances. Accordingly, when the Investment Manager determines in good faith that the amount of commissions charged by a broker is reasonable in relation to the value of the overall service provided to the Fund, the Fund may pay commissions to such broker in an amount greater than the amount another broker might charge, and this is expected to occur regularly.

No persons other than the Funds provide an economic benefit to the Adviser for providing investment advice or other advisory services to the Funds. The Adviser may make cash payments to third-party solicitors for Client referrals, provided that, to the extent required, each such solicitor has entered into a written agreement with the Adviser

pursuant to which the solicitor will provide each prospective Client with a copy of the Adviser’s Form ADV Part 2, and a disclosure document setting forth the terms of the solicitation arrangement, including the nature of the relationship between the solicitor and Adviser and any fees to be paid to the solicitor. Where applicable, cash payments for Client solicitations will be structured to comply fully with the requirements of Rule 206(4)-1 under the Investment Advisers Act of 1940 (the “Advisers Act”) and related SEC staff interpretations.

Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of the adviser or the integrity of adviser’s management. There are no legal or disciplinary events that are material to an evaluation of the Advisers’ advisory services or the integrity of management.

The Advisers maintain comprehensive review procedures for the ongoing monitoring of portfolio investments. In connection therewith, the Advisers conduct regular reviews of all investments held in each Fund portfolio. See Item 8. Private Equity, Early and Growth Stage Investment Strategy and Hybrid Investment Strategy The Adviser will present to each Fund Investor (1) a quarterly report on the affairs of the Fund within 45 days of the end of the relevant reporting period, (2) an annual report on the affairs of the Fund, including a review of each investment, within 90 days after the end of each fiscal year, and (3) an annual audit by an independent accounting firm, within 120 days of the end of the relevant reporting period. To the extent not prohibited by confidentiality requirements, the Adviser will also provide Investors with portfolio companies’ financial statements upon request. Alternative Investments Strategy Annually, the Fund will furnish all Investors with (i) audited financial statements prepared in accordance with generally accepted accounting principles, accompanied by the report of its independent certified public accountants, and (ii) tax information necessary for the completion of tax returns. In addition, on a monthly basis, each Investor will be furnished with unaudited partner capital statements. Long/Short Energy Transition Sector Strategy The financial statements of the Fund for each fiscal year will be prepared in accordance with U.S. generally accepted accounting principles and audited by RSM US LLP (or another independent accounting firm selected by the General Partner in its direction). The General Partner will endeavor to cause the Fund’s auditor to prepare and distribute to each Investor audited financial statements with respect to the Fund, 120 days after the end of each fiscal year. The General Partner or its agent(s) will also provide or make available (or cause to be provided or made available) a quarterly net asset value statement to Investors.

The Advisers are deemed to have custody of the Fund’s assets because they are, or are affiliated with, the general partner of each of the Funds. As such, assets in the accounts of the Funds are held by a qualified custodian as required by the safekeeping requirements in Rule 206(4)-2 of the Advisers Act. The Adviser does not provide account statements to the Funds directly. A qualified custodian provides monthly or quarterly statements directly to the Funds relating to Fund assets for which the Adviser has deemed custody. Please refer to Item 13 for a description of reports that are provided to Investors in the Funds.

Pursuant to an agreement of limited partnership, the general partner is granted broad authority to determine the type and amount of securities to be bought and sold, as well as the timing of such purchases and sales for the Funds. In connection with this discretionary authority, the general partner and the Adviser select portfolio company investments, direct investments, and Third-Party Managers on behalf of the Funds.

In connection with its investment advisory services, the Advisers generally do not invest in public equity securities, and therefore do not receive proxies on behalf of the Funds. To the extent an Adviser does invest in public equity securities, the general policy of the Advisers is to vote proxy proposals, amendments, consents, or resolutions relating to client securities in a manner that serves the best interests of the Fund, as determined by the Adviser in its discretion, and considering relevant factors, including, but not limited to, the impact on the value of the securities, the anticipated costs and benefits associated with the proposal, the effect on liquidity, and customary industry and business practices. A copy of the Advisers’ proxy voting policies may be obtained by contacting the Filing Adviser at the address or telephone number listed on the first page of this Brochure.

The Advisers charge Management Fees in advance on a quarterly basis. Because the Advisers do not require or solicit prepayment of more than $1,200 in fees per Fund, six months or more in advance, there is no requirement to provide a balance sheet for the most recent fiscal year. Registered investment advisers are required in this Item to provide certain financial information or disclosures about the adviser’s financial condition. The Advisers have no financial commitment that impairs its ability to meet contractual and fiduciary commitments to the Funds, and have not been the subject of a bankruptcy petition at any time during the past ten years.