DISCLOSURES

The following disclosures apply to information made available by Quassar Capital, L.P. (“Quassar Capital,” “Quassar,” or the “Firm”) through its public website and related public communications.

These disclosures should be read together with the Firm’s Terms of Use and, where applicable, the definitive documentation governing any investment or investor relationship.

1. Firm and Regulatory Information

Quassar Capital, L.P. is an investment management firm (hedge fund) headquartered in New York, New York and operates within a broader affiliated financial-services organization.

Quassar Capital, L.P. is affiliated with Cabrera Capital Markets, LLC.

Quassar Capital, L.P. does not maintain a separate SEC registration number. Certain regulatory, compliance, supervisory and operational functions relevant to activities conducted within the affiliated organization may be maintained through Cabrera Capital Markets, LLC or other authorized affiliated entities, as applicable.

Cabrera Capital Markets, LLC is a registered broker-dealer identified by:

FINRA CRD No. 10081

SEC No. 8-26406

The existence of an affiliated relationship does not mean that Quassar Capital and Cabrera Capital Markets, LLC, or any other affiliated entity, maintain identical registrations, licenses, regulatory permissions or business activities.

No registration, license, membership or regulatory status of an affiliated entity should be attributed to Quassar Capital except to the extent expressly applicable to Quassar Capital under applicable law or the relevant regulatory framework.

2. Global Investment Activities

Quassar Capital is headquartered in New York and conducts investment and trading activities across global financial markets.

The Firm may evaluate and execute investment opportunities in the United States and internationally and may access major financial markets and exchanges in connection with its investment strategies, subject to applicable law, regulation, sanctions, market-access requirements, contractual restrictions and internal risk controls.

References to global or international activities describe the geographic scope of the Firm’s investment and trading activities. They do not imply that Quassar Capital maintains an office, branch, regulated entity, license or authorization in every jurisdiction in which investment or trading activity occurs.

Quassar Capital does not represent that its investment opportunities or services are available in every jurisdiction.

3. Offering and Investor Eligibility

Information on this website is provided solely for informational purposes and does not constitute an offer to sell, a solicitation of an offer to purchase, or a recommendation concerning any security, fund interest, investment vehicle, investment strategy or financial product.

Any investment opportunity involving Quassar Capital will be offered, if at all, solely pursuant to applicable definitive offering and contractual documentation and only to persons satisfying applicable legal, regulatory and investor eligibility requirements.

Such documentation may include, as applicable, a confidential private placement memorandum, subscription agreement, limited partnership agreement, investor questionnaire, risk disclosures and other contractual materials.

The definitive documentation governing a particular investment relationship controls over general information appearing on this website to the extent of any inconsistency.

Investor relationships may be subject to identity and beneficial-ownership verification, KYC review, AML and sanctions screening, source-of-funds and source-of-wealth review, jurisdictional analysis, investor eligibility review and enhanced due diligence where appropriate.

Quassar Capital may request additional information or documentation and may decline, suspend or terminate a relationship where required or appropriate under applicable law, regulation, contractual requirements or internal policy.

4. Assets Under Management

Approximately $23.6 billion in assets under management as of July 20, 2026.

The reported assets under management (“AUM”) relate exclusively to assets managed by Quassar Capital, L.P.

A limited amount of AUM may be attributable to eligible proprietary capital associated with employees, advisers, directors or other affiliated persons. The proportion attributable to such proprietary capital is not publicly disclosed.

For the avoidance of doubt, reported AUM does not include capital deployed in proprietary investment activities conducted separately from capital managed by Quassar Capital on behalf of investors.

AUM may change as a result of market movements, subscriptions, withdrawals, redemptions, transfers, valuation changes and other factors. Reported AUM should not be interpreted as an indication of investment performance, profitability, future asset levels or capital available for deployment at any particular time.

5. Investment Risk

Investment strategies managed by Quassar Capital may involve substantial risk, including the possible loss of invested capital.

Depending upon the applicable strategy, investments may include equities, fixed income instruments, currencies, commodities, futures, options, swaps, structured products, private investments, emerging-market securities, leveraged positions, short positions and other financial instruments.

International investing may involve political, regulatory, currency, liquidity, settlement, sovereign, market-structure and geopolitical risks. Leverage may magnify losses. Short selling may expose an investment to losses exceeding the amount initially committed to the relevant position.

No investment strategy is suitable for every investor, and no representation or assurance is made that any investment objective will be achieved.

6. Proprietary Investment Activities

Quassar Capital maintains certain proprietary investment activities that are separate from capital managed on behalf of investors.

Such activities may include direct and venture capital investments in infrastructure-related opportunities, emerging companies, financial-technology businesses, neobanks, startups, family-owned businesses and other private opportunities.

Investor capital managed by Quassar Capital is not used to finance these proprietary investment activities.

Such proprietary activities are funded separately through proprietary resources, treasury capital or other capital available to the Firm for such purposes and are subject to applicable legal, regulatory, conflict-of-interest and internal approval requirements.

Information concerning individual proprietary investments, capital allocations, investment vehicles, portfolio companies, transaction structures and related activities may be confidential and is not necessarily disclosed publicly.

7. Conflicts of Interest

Quassar Capital operates within a broader affiliated financial-services organization, and actual or potential conflicts of interest may arise in connection with its activities and relationships.

Potential conflicts may relate to investor sourcing, distribution, execution, investment allocation, compensation, service-provider selection, proprietary investments, investment opportunities, affiliated relationships and other commercial activities.

Quassar Capital maintains policies and procedures designed to identify, evaluate, mitigate and address material conflicts of interest in accordance with applicable requirements.

Additional conflicts and the manner in which they may be addressed may be described in applicable definitive offering documentation.

8. SIPC

Certain brokerage activities conducted within the affiliated organization may involve accounts maintained with a member of the Securities Investor Protection Corporation (“SIPC”).

Where applicable, SIPC protection is determined under applicable law and generally protects eligible customers when a SIPC-member securities broker fails and customer cash or securities are missing.

SIPC protection is generally limited to $500,000 per customer, including a $250,000 limit for cash claims, subject to applicable law, customer status, account capacity and other requirements.

SIPC does not protect against market losses, declines in investment value or unsuccessful investment strategies.

Nothing on this website should be interpreted as representing that assets are protected by SIPC merely because they are managed by Quassar Capital. The availability and extent of any SIPC protection depend upon the applicable broker-dealer, customer, account, assets and circumstances.

9. Limitation of Responsibility

Quassar Capital, L.P. may assume responsibility for certain eligible losses incurred by an individual investor, subject to the terms of the definitive agreements governing the relevant investor relationship.

Any responsibility assumed by Quassar Capital under this provision is limited to the amount of the investor’s applicable eligible loss and may not exceed the amount of capital attributable to the relevant investment. In all circumstances, the maximum aggregate amount for which Quassar Capital may assume responsibility is USD $5,000,000 (five million United States dollars) per investor.

Accordingly, the USD $5,000,000 amount is an absolute maximum and not a fixed indemnity, guaranteed payment, minimum recovery or amount automatically payable to an investor. An investor whose relevant investment or eligible loss is less than USD $5,000,000 cannot receive responsibility under this provision in excess of that lower amount. Where the relevant investment and eligible loss exceed USD $5,000,000, Quassar Capital’s maximum aggregate responsibility under this provision remains USD $5,000,000.

This limited responsibility applies solely to losses arising from extraordinary circumstances or events beyond the reasonable operational control of Quassar Capital that materially impair the Firm’s ability to perform its obligations, including, where applicable, extraordinary governmental, regulatory, sovereign, banking-system, currency or other systemic events.

The occurrence of any such event does not, by itself, establish responsibility or create an entitlement to payment. Whether a loss is eligible, whether Quassar Capital assumes responsibility and the amount of any such responsibility will be determined on the basis of the applicable facts and circumstances, applicable law and the definitive agreements governing the relevant investor relationship.

This provision does not constitute a guarantee of investment performance, principal, portfolio value, asset value, liquidity or recovery of investment losses. It does not apply to losses arising from ordinary market movements, changes in investment value, trading or investment decisions, strategy performance, leverage, short positions, market volatility or other risks inherent in the applicable investment strategy.

The limitation applies separately to each individual investor and does not create an aggregate pool or collective entitlement for investors. Nothing in this disclosure creates unlimited responsibility, expands Quassar Capital’s responsibility beyond that established under applicable law and the definitive agreements governing the relevant investor relationship, or waives, restricts or modifies any right, duty, obligation or liability that cannot lawfully be waived, restricted or modified.

This disclosure summarizes the limitation and does not independently create, enlarge or modify an investor’s contractual rights. The applicability, eligibility, conditions, scope, procedures and limitations of any responsibility assumed by Quassar Capital are governed by the definitive offering documents, subscription documentation, partnership agreements, investor agreements and other applicable contractual arrangements governing the relevant investor relationship.

To the extent of any inconsistency between this disclosure and the applicable definitive agreements, the definitive agreements shall control, subject in all cases to applicable law.

10. Public Communications, Insights and Social Media

Quassar Capital may publish Insights, market commentary, articles, interviews, presentations, videos, data, observations and other public communications through its website, social-media accounts or other authorized channels.

Such communications are informational in nature and do not constitute an offer, solicitation, investment recommendation or disclosure of the Firm’s complete investment activities.

References to an issuer, company, security, financial instrument, market, industry, transaction, asset class or investment theme do not necessarily indicate a current or former portfolio position, transaction, recommendation or trading intention of Quassar Capital.

Public communications should not be interpreted as disclosure of confidential portfolio information, investment allocations, proprietary methodologies, models, risk parameters, execution methods or other non-public investment information.

Views and observations may reflect circumstances existing at the time of publication and may change without notice.

Only communications issued through channels authorized by Quassar Capital should be treated as official Firm communications. Third-party statements concerning Quassar Capital are not attributable to the Firm unless expressly authorized or confirmed by Quassar Capital.

11. Past Performance and Forward-Looking Statements

Past performance is not indicative of future results.

Historical performance information, where provided, should be evaluated together with the applicable methodology, assumptions, fees, expenses, risks and limitations. Actual investor returns may differ materially from historical, hypothetical or illustrative results.

Certain statements made on the website or in other Firm communications may constitute forward-looking statements. Such statements reflect current expectations, assumptions, estimates or beliefs and are subject to risks, uncertainties and changes in circumstances. Actual outcomes may differ materially from those expressed or implied.

Quassar Capital undertakes no obligation to update forward-looking statements except as required by applicable law.

12. Governance and Authority

Quassar Capital operates pursuant to its governing documents and applicable internal governance framework. Management and representation of the Firm are exercised by duly authorized principals and governing bodies in accordance with the authority conferred upon them.

Martin A. Cabrera, Co-Founder & Executive Director, is a duly authorized principal responsible for the operation of Quassar Capital, L.P.

Pursuant to authority unanimously conferred by the Board of Directors, Martin A. Cabrera is authorized to act as a representative of Quassar Capital, L.P. and Quassar Private Ventures, LLC in connection with their respective operations, subject to applicable law and the governing documents of the applicable entity.

His authority includes such powers as have been duly conferred by the Board in connection with the operation, management, representation and institutional affairs of the Firm.

Specific governance arrangements, delegated authorities, internal resolutions, ownership interests and other non-public organizational matters may be confidential and are not necessarily disclosed publicly.

13. Confidential and Restricted Information

Certain information concerning Quassar Capital, its investors, investment activities and affiliated organization is confidential, proprietary, contractually restricted or otherwise non-public.

Such information may include investor information, investment vehicles, portfolio positions and exposures, investment strategies, proprietary methodologies and models, execution methods, contractual arrangements, internal compliance procedures, risk-management processes, transaction information, counterparties and other non-public information.

Quassar Capital may require appropriate verification before providing non-public information and may decline a request where disclosure would conflict with applicable law, contractual obligations, confidentiality requirements, proprietary interests or internal policies.

14. Jurisdictional Restrictions

Access to an investment opportunity or investor relationship may be restricted by applicable securities laws, sanctions, embargoes, AML requirements, investor eligibility requirements, tax considerations, market-access requirements, regulatory restrictions, contractual limitations or internal risk policies.

Quassar Capital may decline any relationship where acceptance would create legal, regulatory, sanctions, compliance, operational or other material risk concerns.

15. Legal & Compliance Contact

Questions concerning legal, regulatory or compliance matters may be directed to:

Nicole Dooley Horn

Chief Legal Officer

Quassar Capital, L.P.

55 Water Street, 15th Floor

New York, NY 10041

United States

nicoledooley@quassarcapital.com

General inquiries and requests for publicly available information may be directed to:

contactcenter@quassarcapital.com

Requests concerning confidential, restricted or non-public legal, regulatory, investor or compliance information may require appropriate verification and may be referred to the relevant internal function.