Legal

Copyright & Legal Notice

© 2026 WHITE WOLF CAPITAL

© 2026 WHITE WOLF CAPITAL; WHITE WOLF; WHITE WOLF CAPITAL GROUP, INC.; WWCGI; WHITE WOLF CAPITAL ADVISORS, LLC; WWCA; and WWC are service marks of White Wolf Capital Group, Inc., a Delaware corporation (“WWCGI”) and all of its subsidiaries and affiliates. All indicated logos and word marks are property of WWCGI and its affiliates. Any other company names, product names, service names and logos referenced may be the trademarks of their respective owners. White Wolf Capital Advisors, LLC, a Delaware limited liability company (“WWCA”) is a wholly-owned subsidiary of WWCGI. WWCA provides investment advisory services strictly to investment vehicles investing in private equity, private credit, private funds, and other alternative asset investment opportunities. WWCA is an SEC registered investment advisor. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. This website is not intended to offer investment advice and is not intended to constitute an offer to sell or buy any security or promise to undertake or solicit business. Information is provided for educational purposes only and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, or to adopt any investment strategy.

This website may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, and estimates of yields or returns. No representation is made that any performance presented will be achieved by White Wolf, or that every assumption made in achieving, calculating or presenting either the forward-looking information or any historical performance information herein has been considered or stated in preparing this material. Any changes to assumptions that may have been made in preparing this material could have a material impact on the information presented herein. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by White Wolf Capital to be reliable, are not necessarily all-inclusive or guaranteed to be accurate. The opinions expressed are subject to change. References to investments, asset classes and financial markets are for illustrative purposes only and are not intended to be and should not be interpreted as recommendations.

Reliance upon information in this material is at the sole risk and discretion of the reader. The material was prepared without regard to specific objectives, financial situation or needs of any investor. “Relevant Transactions”, “Representative Firm Investments” and other references to specific investments described herein do not represent all investment decisions made by White Wolf Capital. The reader should not assume that investment decisions identified and discussed were or will be profitable. Specific investment advice references provided herein are for illustrative purposes only and are not necessarily representative of investments that will be made in the future.

Privacy Policy

Information We Collect

White Wolf LMMA Management LLC and its investment advisor subsidiary, White Wolf Capital Advisors, LLC (SEC-registered investment adviser, Firm ID 311816), collectively referred to as "White Wolf LMMA," "we," "us," or "our," may collect the following categories of information when you visit our website or interact with our firm:

• Personal Information You Provide: When you submit an inquiry through our contact form, request information, or communicate with us, we may collect your name, email address, phone number, organization name, investor type, and the content of your message.
• Investor Information: If you are a current or prospective investor, we may collect additional information required for regulatory compliance, including identity verification documents, tax identification numbers, accreditation status, and financial information as required under applicable securities laws and anti-money laundering regulations.
• Automatically Collected Information: When you visit our website, our servers and third-party analytics services may automatically collect certain technical information, including your IP address, browser type and version, operating system, referring URL, pages visited, time spent on pages, and other standard web analytics data.
• Device Information: We may collect information about the device you use to access our website, including device type, screen resolution, and unique device identifiers.

How We Use Your Information

We use the information we collect for the following purposes:

• Responding to Inquiries: To respond to your questions, requests for information, and other communications submitted through our website or other channels.
• Investor Relations: To provide current and prospective investors with fund-related information, performance updates, capital call notices, distribution notices, and other communications related to their investment.
• Regulatory Compliance: To fulfill our obligations under applicable securities laws, anti-money laundering regulations, the Investment Advisers Act of 1940, and other federal and state regulatory requirements, including those imposed by the U.S. Small Business Administration in connection with our SBIC operations.
• Website Improvement: To analyze website usage patterns and improve the functionality, content, and user experience of our website.
• Security: To detect, prevent, and address technical issues, unauthorized access, and other security concerns.
• Legal Obligations: To comply with applicable laws, regulations, legal processes, or enforceable governmental requests.

Information Sharing

We do not sell, rent, or trade your personal information to third parties for marketing purposes. We may share your information in the following limited circumstances:

• Service Providers: We may share information with third-party service providers who perform services on our behalf, including fund administrators, auditors, legal counsel, technology providers, and compliance consultants. These providers are contractually obligated to use your information solely for the purposes for which it was disclosed and to maintain appropriate security measures.
• Regulatory and Legal Requirements: We may disclose information when required by law, regulation, subpoena, court order, or other legal process, or when we believe disclosure is necessary to protect the rights, property, or safety of White Wolf LMMA, our investors, or others.
• SBA Reporting: As an SBIC licensee, we may be required to provide certain information to the U.S. Small Business Administration as part of our regulatory reporting obligations.
• Business Transfers: In the event of a merger, acquisition, reorganization, or sale of assets, your information may be transferred to the acquiring entity, subject to the same privacy commitments described in this policy.
• With Your Consent: We may share your information with third parties when you have given us explicit consent to do so.

Data Security

We implement and maintain commercially reasonable administrative, technical, and physical safeguards designed to protect the confidentiality, integrity, and availability of your personal information. These measures include encrypted data transmission (SSL/TLS), access controls, secure data storage, employee training, and regular security assessments.

However, no method of transmission over the Internet or method of electronic storage is completely secure. While we strive to use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security. In the event of a data breach that affects your personal information, we will notify you and any applicable regulatory authorities in accordance with applicable law.

Cookies and Tracking

Our website may use cookies, web beacons, and similar tracking technologies to enhance your browsing experience and collect analytical data. Cookies are small text files stored on your device that help us recognize your browser and remember certain information.

• Essential Cookies: These cookies are necessary for the website to function properly and cannot be disabled. They enable core functionality such as page navigation and access to secure areas of the website.
• Analytics Cookies: We may use analytics services such as Google Analytics to collect information about how visitors use our website. This information helps us understand website traffic patterns and improve our site. Analytics cookies collect information in an anonymized form, including the number of visitors, the pages visited, and the source of traffic.
• Preference Cookies: These cookies enable the website to remember choices you make, such as your preferred language or region, to provide a more personalized experience.

Most web browsers allow you to manage your cookie preferences through browser settings. You may choose to block or delete cookies; however, doing so may affect the functionality of certain features on our website.

Your Rights

Depending on your jurisdiction, you may have certain rights regarding your personal information, including:

• Access: The right to request access to the personal information we hold about you.
• Correction: The right to request correction of inaccurate or incomplete personal information.
• Deletion: The right to request deletion of your personal information, subject to certain exceptions required by law or legitimate business purposes.
• Opt-Out: The right to opt out of certain data processing activities, including the use of analytics cookies.
• Portability: The right to receive a copy of your personal information in a structured, commonly used, and machine-readable format.
• Withdrawal of Consent: Where processing is based on your consent, the right to withdraw that consent at any time without affecting the lawfulness of processing conducted prior to withdrawal.

To exercise any of these rights, please contact us using the information provided below. We will respond to your request within a reasonable timeframe and in accordance with applicable law. We may require verification of your identity before processing certain requests.

Contact Information

If you have questions or concerns about this privacy policy, our data practices, or wish to exercise your privacy rights, please contact us at:

White Wolf LMMA Management LLC
1700 Montgomery St
Suite 108
San Francisco, CA 94111
Email: lmma.ir@whitewolfcapital.com

Changes to This Policy

We reserve the right to update or modify this privacy policy at any time. Any changes will be posted on this page with an updated "Last updated" date. We encourage you to review this policy periodically to stay informed about how we are protecting your information. Your continued use of our website following the posting of changes constitutes your acceptance of those changes.

For material changes that significantly affect how we handle your personal information, we will make reasonable efforts to provide notice, such as posting a prominent announcement on our website or, where feasible, contacting you directly.

Disclaimer

General Disclaimer

This website is operated by White Wolf LMMA Management LLC ("White Wolf LMMA," "we," "us," or "our"). The investment advisor subsidiary is White Wolf Capital Advisors, LLC, a registered investment adviser with the U.S. Securities and Exchange Commission (SEC), Firm ID 311816. Registration with the SEC does not imply a certain level of skill or training, nor does it constitute an endorsement by the SEC.

The information contained on this website is provided for general informational and educational purposes only. Nothing on this website constitutes, or is intended to constitute, an offer to sell, a solicitation of an offer to buy, or a recommendation for any security, investment product, or investment strategy. No information presented herein should be construed as investment advice, tax advice, legal advice, or financial planning advice. Any investment decisions should be made only after thorough review of the applicable fund documents, including the private placement memorandum, limited partnership agreement, and subscription documents, and in consultation with your own legal, tax, and financial advisors.

The securities described on this website have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws. Any offering of securities is made solely through the delivery of a confidential private placement memorandum to qualified investors in compliance with applicable federal and state securities laws.

Forward-Looking Statements

Certain statements contained on this website may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements may include, without limitation, statements regarding market trends, investment strategy, portfolio expectations, projected returns, and industry outlook.

Forward-looking statements are based on management's current expectations, estimates, and projections and are subject to significant business, economic, and competitive uncertainties, many of which are beyond our control. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made.

No Guarantee of Results

Past performance is not indicative of future results and there can be no assurance that any fund managed by White Wolf LMMA or White Wolf Capital Advisors, LLC will achieve comparable results or that the fund's investment objectives will be realized. The value of investments and the income derived from them may go down as well as up, and investors may not recoup the amounts originally invested.

Any performance data, projections, or target returns presented on this website are provided for illustrative purposes only and do not represent a guarantee of future performance. Actual returns may differ materially from any stated targets, estimates, or projections due to various factors, including but not limited to market conditions, economic developments, timing of investments and realizations, and changes in applicable law or regulation.

Risk Factors

Investments in private equity funds, including funds structured as Small Business Investment Companies (SBICs), involve significant risks that prospective investors should carefully consider. These risks include, but are not limited to:

• Illiquidity: Interests in private equity funds are highly illiquid. There is no public market for such interests, and none is expected to develop. Investors should be prepared to hold their investment for the full term of the fund, which may be ten years or longer.
• Loss of Capital: There is a risk that some or all of the invested capital may be lost. Private equity investments are speculative in nature and involve a high degree of financial risk.
• Limited Operating History: The fund may have limited operating history on which to base an evaluation of its likely performance.
• Leverage Risk: The use of leverage, including SBA-guaranteed debentures, amplifies both potential gains and potential losses. Leverage increases the fund's exposure to adverse economic and market conditions.
• Concentration Risk: The fund may concentrate investments in particular industries, sectors, or geographies, which may increase overall portfolio risk.
• Valuation Risk: Portfolio company valuations are determined by the fund's general partner and may not reflect the prices that would be obtained in an arm's-length transaction or upon liquidation.
• Regulatory Risk: Changes in laws, regulations, or government policies, including those related to the SBIC program, may adversely affect the fund's operations or investment returns.

The foregoing is not an exhaustive list of risks. Prospective investors should review the complete risk factors disclosed in the fund's private placement memorandum before making any investment decision.

Third-Party Information

This website may contain information obtained from third-party sources that White Wolf LMMA believes to be reliable; however, we make no representation or warranty, express or implied, as to the accuracy, completeness, or timeliness of such information. Any opinions or estimates expressed herein reflect judgments made as of the date of publication and are subject to change without notice. White Wolf LMMA is not responsible for, and does not endorse, any third-party content, products, services, or websites that may be linked to or referenced on this website.

Market data, industry statistics, and economic forecasts presented on this website are derived from sources we consider authoritative but have not been independently verified. Such data should not be relied upon as the sole basis for an investment decision.

SBIC and SBA Related Disclaimers

White Wolf LMMA may operate or manage one or more funds licensed or seeking licensure as Small Business Investment Companies (SBICs) under the Small Business Investment Act of 1958, as amended, and regulated by the U.S. Small Business Administration (SBA).

The SBA does not guarantee the performance or returns of any SBIC fund. SBA leverage (debenture funding) is subject to SBA approval and ongoing regulatory compliance, and there can be no assurance that any fund will receive the requested or anticipated amount of SBA leverage. The availability, terms, and conditions of SBA leverage are determined by the SBA and may change at any time.

SBIC licensure is subject to a rigorous application process and ongoing regulatory oversight. The SBA reserves the right to deny, suspend, or revoke an SBIC license at any time. Any representations regarding SBA leverage or SBIC licensure status are current as of the date stated and are subject to change.

The SBA does not endorse, recommend, or guarantee any investment product offered by White Wolf LMMA or its affiliates. Any reference to the SBA or the SBIC program on this website is for informational purposes only and should not be construed as an endorsement or guarantee by any government agency.

Limitation of Liability

To the fullest extent permitted by applicable law, White Wolf LMMA Management LLC, White Wolf Capital Advisors, LLC, and their respective officers, directors, employees, agents, and affiliates shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising out of or relating to your access to or use of, or inability to access or use, this website or any information contained herein, whether based on warranty, contract, tort (including negligence), statute, or any other legal theory, and whether or not we have been advised of the possibility of such damages.

This website and all information, content, and materials contained herein are provided on an "as is" and "as available" basis, without warranties of any kind, either express or implied. We disclaim all warranties, including but not limited to implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement.

Changes to Content

White Wolf LMMA reserves the right to modify, update, or remove any content on this website at any time without prior notice. We are under no obligation to update the information contained herein, and information may be out of date at any given time. We do not guarantee that this website will be available on an uninterrupted or error-free basis and accept no liability for any interruptions or errors.

Your continued use of this website following any changes constitutes your acceptance of those changes. We encourage you to review this disclaimer periodically for any updates.

Cyber Security

Fraud Alert

White Wolf LMMA Management LLC and its investment advisor subsidiary, White Wolf Capital Advisors, LLC (SEC-registered investment adviser, Firm ID 311816), are committed to the security of our investors, partners, and website visitors. As cybercrime targeting financial services firms continues to evolve, we want to ensure you are aware of common threats and know how to protect yourself.

Bad actors may attempt to impersonate White Wolf LMMA personnel, create fraudulent websites or email addresses that resemble our own, or use other deceptive tactics to obtain sensitive personal or financial information. These schemes may involve requests for wire transfers, changes to banking instructions, login credentials, social security numbers, or other confidential data.

If you receive any communication that appears suspicious or that you believe may be fraudulent, do not respond, click any links, or open any attachments. Instead, contact us directly using the verified contact information on this website to confirm the legitimacy of the communication.

How to Identify Phishing

Phishing is a form of social engineering in which attackers attempt to deceive individuals into providing sensitive information by posing as a trusted entity. Here are important guidelines to help you identify and avoid phishing attempts:

• White Wolf LMMA will never request passwords, login credentials, or sensitive personal information via email, text message, or phone. If you receive such a request purportedly from our firm, it is fraudulent.
• Always verify wire transfer instructions by phone. Before executing any wire transfer or changing banking instructions based on an email or written communication, call a known and verified White Wolf LMMA contact directly to confirm the instructions. Wire fraud is one of the most common and costly forms of cybercrime targeting investment firms and their investors.
• Check the sender's email address carefully. Fraudulent emails may come from addresses that closely resemble, but do not exactly match, legitimate White Wolf LMMA email addresses. Look for subtle misspellings, extra characters, or different domain names.
• Be wary of urgent or threatening language. Phishing emails often create a false sense of urgency, pressuring you to act immediately. Legitimate communications from White Wolf LMMA will not demand immediate action or threaten negative consequences for failing to respond promptly.
• Do not click links or download attachments from unexpected emails. Hover over links to verify the destination URL before clicking. If in doubt, navigate directly to our website by typing the address into your browser rather than using links in an email.
• Watch for poor grammar and formatting. While phishing attempts have become increasingly sophisticated, many still contain spelling errors, unusual formatting, or inconsistencies that differ from our standard communications.

Protecting Your Information

We recommend the following best practices to safeguard your personal and financial information:

• Use strong, unique passwords for your investor portal account and email. Avoid reusing passwords across multiple sites. Consider using a reputable password manager to generate and store complex passwords.
• Enable multi-factor authentication (MFA) wherever available, including on your email accounts, investor portal access, and financial accounts. MFA adds a critical additional layer of security beyond passwords alone.
• Keep your software updated. Regularly update your operating system, web browser, antivirus software, and other applications to ensure you have the latest security patches.
• Monitor your accounts regularly. Review your investor portal activity, bank statements, and email account for any unauthorized activity. Report any discrepancies to us and your financial institution immediately.
• Be cautious on public Wi-Fi networks. Avoid accessing your investor portal or transmitting sensitive information over unsecured public wireless networks. Use a virtual private network (VPN) when accessing sensitive accounts remotely.
• Secure your devices. Use screen locks, disk encryption, and remote wipe capabilities on all devices you use to access financial accounts or store sensitive information.

Reporting Suspicious Activity

If you believe you have received a fraudulent communication purporting to be from White Wolf LMMA, have been the victim of a phishing attempt, or have noticed any suspicious activity related to your investor account, please contact us immediately:

White Wolf LMMA Management LLC
1700 Montgomery St
Suite 108
San Francisco, CA 94111
Email: lmma.ir@whitewolfcapital.com

You may also report suspected cybercrimes or fraud to the following authorities:

• FBI Internet Crime Complaint Center (IC3): www.ic3.gov
• U.S. Securities and Exchange Commission (SEC): www.sec.gov/tcr
• Federal Trade Commission (FTC): reportfraud.ftc.gov

Our Security Measures

White Wolf LMMA maintains a comprehensive information security program designed to protect the confidentiality, integrity, and availability of investor data and firm systems. Our security measures include, but are not limited to:

• Encryption: All data transmitted between your browser and our website is encrypted using industry-standard SSL/TLS protocols. Sensitive data at rest is encrypted using AES-256 or equivalent encryption standards.
• Access Controls: We employ role-based access controls, multi-factor authentication, and the principle of least privilege to limit access to sensitive systems and data to authorized personnel only.
• Monitoring and Detection: Our systems are continuously monitored for unauthorized access, anomalous activity, and potential security threats. We maintain intrusion detection systems and log management capabilities to identify and respond to incidents promptly.
• Vendor Management: Third-party service providers with access to sensitive data are subject to due diligence assessments and contractual security requirements. We regularly evaluate vendor security practices and compliance.
• Employee Training: All firm personnel receive regular cybersecurity awareness training, including instruction on recognizing phishing attempts, social engineering tactics, and proper handling of sensitive information.
• Incident Response: We maintain a documented incident response plan that outlines procedures for identifying, containing, eradicating, and recovering from security incidents, as well as notification procedures in accordance with applicable law and regulation.
• Regulatory Compliance: Our information security program is designed to comply with applicable SEC cybersecurity requirements, SBA data security obligations, and industry best practices, including guidance from the National Institute of Standards and Technology (NIST).

Trademarks

Registered and Common Law Marks of White Wolf Capital

All indicated logos and word marks are the property of White Wolf Capital Group, Inc. and its affiliates:

Additional Registered Design Marks

White Wolf Capital Group, Inc. holds multiple U.S. Service Mark registrations for its logo and design marks, as well as corresponding registrations in Canada, the European Union, United Kingdom, and United Arab Emirates. Registration numbers include U.S. Service Mark Reg. Nos. 3,967,223; 4,164,159; 4,548,626; 4,720,640; 6,832,828; 6,832,927; 6,832,929; and 6,881,577, among others.

Entity & Common Law Marks

The following entities and marks are also protected under common law rights: