# EDGAR Filing Document

**Accession Number:** 0001609212
**File Stem:** 0001193125-26-082467
**Filing Date:** 2026-2
**Character Count:** 239286
**Document Hash:** c6eb36074004a9af52d1a3e5d2591717
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-082467.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001193125-26-082467

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMG Pantheon Master Fund, LLC
- **CENTRAL INDEX KEY:** 0001609212

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22972
- **FILM NUMBER:** 26699331

**BUSINESS ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 877-355-1566

**MAIL ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMG Pantheon Private Equity Master Fund, LLC
- **DATE OF NAME CHANGE:** 20140527

## Nport-Ex

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments

December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Co-Investments** |  |  |  |  |
|  ACP Accelerant Co-Invest, LLC (Financials)<sup>(a),(b)</sup> | 01/31/2022 <sup>(c)</sup> | $21758659 | $29424907 | 0.5% |
|  AI ALTIUS & Cy S.C.Sp (Information Technology)<br>(Luxembourg)<sup>(a),(b)</sup> | 02/04/2025 <sup>(c)</sup> | 26169082 | 26088000 | 0.4% |
|  AP VIII Prime Security Services Holdings, L.P. (Consumer Discretionary) | 04/26/2016 <sup>(c)</sup> | 378363 | 345581 | 0.0% |
|  APH CUBS Co-invest LP (Financials)<sup>(b)</sup> | 11/16/2018 <sup>(c)</sup> | 2663394 | 6503355 | 0.1% |
|  Apheon Special Opportunities Fund S.C.A. SICAV-RAIF (Healthcare) (Luxembourg)<sup>(a),(b)</sup> | 09/15/2025 <sup>(c)</sup> | 29347968 | 29041937 | 0.4% |
|  APIA BIM FPCI (Information Technology) (France)<sup>(b)</sup> | 02/25/2020 <sup>(c)</sup> | 3335836 | 10476553 | 0.2% |
|  APIA DINO FPCI (Information Technology) (Netherlands)<sup>(a),(b)</sup> | 03/11/2022 <sup>(c)</sup> | 10829540 | 15044797 | 0.2% |
|  APIA OPUS FPCI (Information Technology) (France)<sup>(b)</sup> | 12/22/2020 <sup>(c)</sup> | 4246276 | 5946696 | 0.1% |
|  Apollo DSB Co-Invest, L.P. (Healthcare)<sup>(b)</sup> | 11/14/2018 <sup>(c)</sup> | 2163712 | 10768401 | 0.2% |
|  Armis Investors Holdings, L.P. (Information Technology)<sup>(b)</sup> | 02/03/2020 <sup>(c)</sup> | 4245077 | 8421710 | 0.1% |
|  ASTRO Co-Invest, L.P. (Information Technology)<sup>(a),(b)</sup> | 06/26/2025 <sup>(c)</sup> | 27149205 | 30379446 | 0.5% |
|  Base10 Advancement Initiative IH I, L.P. (Healthcare)<sup>(a),(b),(d)</sup> | 05/13/2022 <sup>(c)</sup> | 5159391 | 3409543 | 0.1% |
|  BC Partners Aqua Co-Investment LP (Industrials) (Germany)<sup>(a),(b)</sup> | 01/11/2022 <sup>(c)</sup> | 15060296 | 9379777 | 0.1% |
|  BC Partners Clay Co-Investment LP (Materials) (Germany)<sup>(a),(b)</sup> | 03/30/2022 <sup>(c)</sup> | 16398495 | 35282027 | 0.5% |
|  Calera XXVIII, LLC (Industrials)<sup>(a),(b)</sup> | 12/29/2025 <sup>(c)</sup> | 25270000 | 25270000 | 0.4% |
|  CB Ignite Holdings, LLC (Consumer Discretionary)<sup>(b),(d)</sup> | 08/12/2016 <sup>(c)</sup> | 1295640 | 2117366 | 0.0% |
|  CD&R Raven Co-Investor, L.P. (Healthcare)<sup>(a),(b)</sup> | 11/15/2024 <sup>(c)</sup> | 13854609 | 15738891 | 0.2% |
|  Cogenuity Co-Invest I LP (Consumer Discretionary)<sup>(a),(b)</sup> | 06/21/2024 <sup>(c)</sup> | 13179754 | 13074508 | 0.2% |
|  Coronet Cyber Security Ltd. (Information Technology) (Israel)<sup>(b),(d)</sup> | 02/03/2023 <sup>(c)</sup> | 4108705 | 4377439 | 0.1% |
|  Cronus Aggregator Limited (Financials) (United Kingdom)<sup>(a),(b)</sup> | 10/14/2025 <sup>(c)</sup> | 48638432 | 49970499 | 0.8% |
|  Dawn Opportunity LP. (Industrials) (Canada)<sup>(a),(b)</sup> | 12/29/2025 <sup>(c)</sup> | 14126484 | 14008257 | 0.2% |
|  DETZ Co-Investment Aggregator, L.P. (Financials) | 12/08/2021 <sup>(c)</sup> | 83712 | 37510781 | 0.6% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Shares** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Co-Investments (continued)** |  |  |  |  |  |
|  Diamond LS I LP (Financials)<sup>(b)</sup> | 12/28/2016 | <sup>(c)</sup> | $379427 | $1681644 | 0.0% |
|  Digital Bridge Small Cell Holdings, LLC (Communication Services)<sup>(b),(d)</sup> | 11/06/2015 | 31 | 220427 | 119874 | 0.0% |
|  Eagle Investment Trust (Industrials) (Australia)<sup>(b)</sup> | 08/12/2021 | <sup>(c)</sup> | 7206199 | 23229402 | 0.4% |
|  ECI 11 FP Limited (Information Technology)<br>(United Kingdom)<sup>(b)</sup> | 06/07/2021 | <sup>(c)</sup> | 7458486 | 9034593 | 0.1% |
|  Epsilon Topco Limited (Information Technology)<sup>(b),(d)</sup> | 10/03/2018 | <sup>(c)</sup> | 1783591 | 2409479 | 0.0% |
|  Fintech Collective PA1 LLC (Information Technology)<sup>(a),(b)</sup> | 12/23/2022 | <sup>(c)</sup> | 5120000 | 8251651 | 0.1% |
|  Five Arrows Galliera Co-Invest Fund SCSp (Consumer Discretionary) (France)<sup>(a),(b)</sup> | 08/04/2022 | <sup>(c)</sup> | 18102001 | 22295732 | 0.3% |
|  Five Arrows North Star FAPI IV Co-Invest SCSp SICAV-RAIF (Consumer Discretionary)<sup>(a),(b)</sup> | 05/03/2023 | <sup>(c)</sup> | 30035711 | 41582081 | 0.6% |
|  Five Arrows Royal FAPI IV Co-Invest SCSp (Information Technology)<sup>(a),(b)</sup> | 07/01/2024 | <sup>(c)</sup> | 18479848 | 18327616 | 0.3% |
|  Five Arrows Spark 2023 FAPI III Co-Invest SCSp (Healthcare) (United Kingdom)<sup>(a),(b)</sup> | 07/19/2023 | <sup>(c)</sup> | 18993122 | 19420575 | 0.3% |
|  FPCI Apia Trilogy (Communication Services) (Belgium)<sup>(a),(b)</sup> | 09/16/2021 | <sup>(c)</sup> | 11466453 | 18746009 | 0.3% |
|  Freman 2 MM Co-Investment 1 Albatros SCSP (Healthcare)<br>(Luxembourg)<sup>(a),(b)</sup> | 02/26/2025 | <sup>(c)</sup> | 26355251 | 31144521 | 0.5% |
|  Frozen Bakery Holdco, LLC (Consumer Staples)<sup>(a),(b),(d)</sup> | 03/27/2024 | <sup>(c)</sup> | 30350882 | 50932000 | 0.8% |
|  GGV (ET) LLC (Information Technology)<sup>(a),(b),(d)</sup> | 08/08/2022 | <sup>(c)</sup> | 5072978 | 3250108 | 0.1% |
|  Golden Aggregator, L.P. (Information Technology)<sup>(b)</sup> | 06/28/2021 | <sup>(c)</sup> | 15000000 | 12190668 | 0.2% |
|  Greenbriar CoInvestment WSA, L.P. (Industrials)<sup>(a),(b)</sup> | 05/16/2025 | <sup>(c)</sup> | 23286468 | 23417708 | 0.4% |
|  H&F FLASHDANCE PARTNERS II, L.P. (Financials)<sup>(b)</sup> | 07/16/2018 | <sup>(c)</sup> | 636693 | 1129410 | 0.0% |
|  H.I.G. CHA, L.P. (Industrials)<sup>(a),(b)</sup> | 05/23/2024 | <sup>(c)</sup> | 29042333 | 40022617 | 0.6% |
|  H.I.G. Pixelle Specialty Solutions Co-Investment, L.P. (Materials)<sup>(a),(b)</sup> | 07/15/2022 | <sup>(c)</sup> | 8118276 | 3139969 | 0.1% |
|  H.I.G. TMC Co-Investors, L.P. (Industrials)<sup>(a),(b)</sup> | 02/21/2023 | <sup>(c)</sup> | 8544732 | 22283802 | 0.3% |
|  Hadron Holdings (Financials)<sup>(a),(b)</sup> | 10/16/2023 | <sup>(c)</sup> | 13340221 | 24445663 | 0.4% |
|  Heartland Dental Holding Corporation (Healthcare)<sup>(a),(b),(d)</sup> | 06/21/2024 | <sup>(c)</sup> | 51496562 | 62232991 | 1.0% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Co-Investments (continued)** |  |  |  |  |
|  Help HP SCF Investor, LP (Information Technology)<sup>(b)</sup> | 05/12/2021 <sup>(c)</sup> | $7801392 | $10220654 | 0.2% |
|  Hg Athena Co-Invest L.P. (Information Technology) (United Kingdom) | 03/18/2020 <sup>(c)</sup> | 449246 | 9436763 | 0.1% |
|  Hg Riley Co-Invest L.P. (Information Technology)<sup>(a),(b)</sup> | 09/30/2021 <sup>(c)</sup> | 7857364 | 2070867 | 0.0% |
|  Hg Secular Co-Invest L.P. (Information Technology)<sup>(b)</sup> | 09/16/2020 <sup>(c)</sup> | 3034877 | 3956647 | 0.1% |
|  Hg Vibranium Co-Invest L.P. (Information Technology) (Sweden)<sup>(a),(b)</sup> | 06/29/2022 <sup>(c)</sup> | 42712197 | 68323362 | 1.0% |
|  Hg Vivaldi 2 Co-Invest L.P. (Information Technology)<br>(Norway)<sup>(b)</sup> | 06/10/2019 <sup>(c)</sup> | 1934725 | 8836745 | 0.1% |
|  High Street HoldCo, LLC (Industrials)<sup>(a),(b),(d)</sup> | 06/27/2024 <sup>(c)</sup> | 40052500 | 46744458 | 0.7% |
|  Hockey Parent Holdings, L.P. (Financials)<sup>(b),(d)</sup> | 09/14/2023 <sup>(c)</sup> | 35020279 | 47170281 | 0.7% |
|  Hygee International SARL (Materials) (France)<sup>(b),(d)</sup> | 12/17/2020 <sup>(c)</sup> | 4760163 | 8582952 | 0.1% |
|  ICG Minimax 2024 Co-Investment I SCSp (Industrials) (Germany)<sup>(a),(b)</sup> | 03/10/2025 <sup>(c)</sup> | 40852708 | 65659433 | 1.0% |
|  IK PF II Luxco 6 S.a r.l. (Industrials) (United Kingdom)<sup>(a),(b),(d)</sup> | 04/12/2024 <sup>(c)</sup> | 29666084 | 36994657 | 0.6% |
|  Incline A Aviation Co-Investment Fund (Financials) | 05/15/2020 <sup>(c)</sup> | 23252 | 1532 | 0.0% |
|  Incline B Aviation Aladdin Co-Investment Limited Partnership<br>(Industrials)<sup>(b),(d)</sup> | 06/26/2018 <sup>(c)</sup> | 2330603 | 3143028 | 0.1% |
|  Insight Hideaway Aggregator, L.P. (Information Technology)<sup>(a),(b)</sup> | 03/15/2024 <sup>(c)</sup> | 38280027 | 54363284 | 0.8% |
|  Insight RF Holdings, LLC (Information<br>Technology)<sup>(b)</sup> | 07/03/2019 <sup>(c)</sup> | 0 | 76852 | 0.0% |
|  ISC CG Parent, LP (Information Technology)<sup>(b),(e)</sup> | 08/28/2025 <sup>(c)</sup> | 32500000 | 32500000 | 0.5% |
|  ISH Co-Invest Aggregator, L.P. (Information Technology)<sup>(b)</sup> | 05/06/2021 <sup>(c)</sup> | 5588918 | 5527400 | 0.1% |
|  IVP XI Celestial Co-Invest LP (Industrials)<sup>(b)</sup> | 06/04/2021 <sup>(c)</sup> | 8432483 | 11152452 | 0.2% |
|  IVP XII DK (BLOCKED) Co-Invest, L.P. (Communication Services)<sup>(a),(b),(d)</sup> | 10/01/2021 <sup>(c)</sup> | 14975392 | 19559502 | 0.3% |
|  JP Co-Invest, LLC (Consumer Staples)<sup>(b)</sup> | 11/13/2018 <sup>(c)</sup> | 2231184 | 15644 | 0.0% |
|  KKR Cavalry Co-Invest L.P. (Information Technology)<sup>(a),(b)</sup> | 03/22/2022 <sup>(c)</sup> | 8632039 | 15936220 | 0.2% |
|  KKR Compass Co-Invest L.P. (Healthcare)<sup>(b)</sup> | 04/25/2024 <sup>(c)</sup> | 52444516 | 73362341 | 1.1% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Co-Investments (continued)** |  |  |  |  |
|  KKR Gameday Co-Invest L.P. (Consumer Discretionary)<sup>(a),(b)</sup> | 08/19/2024 <sup>(c)</sup> | $31048684 | $41985710 | 0.6% |
|  KKR Ninja Co-Invest L.P (Information Technology)<sup>(a),(b)</sup> | 11/01/2022 <sup>(c)</sup> | 19329413 | 20870646 | 0.3% |
|  Kwol Co-invest, LP (Healthcare)<sup>(a),(b)</sup> | 12/12/2023 <sup>(c)</sup> | 29932910 | 49183937 | 0.8% |
|  LEP Prelude Co-Invest, L.P. (Healthcare)<sup>(b)</sup> | 07/05/2017 <sup>(c)</sup> | 1309118 | 3350409 | 0.1% |
|  Logan Co-Invest, L.P. (Information Technology)<sup>(b)</sup> | 08/27/2020 <sup>(c)</sup> | 3937553 | 1561614 | 0.0% |
|  Menrva Lead Co-Investment II, L.P. (Consumer Discretionary) (People's Republic of China)<sup>(a),(b)</sup> | 07/14/2025 <sup>(c)</sup> | 50054584 | 52196688 | 0.8% |
|  Ocean Alliance III, L.P. (Communication Services) (People's Republic of China)<sup>(b)</sup> | 09/04/2020 <sup>(c)</sup> | 3520819 | 3417450 | 0.1% |
|  Olive Investments Limited (Industrials)<sup>(a),(b)</sup> | 09/01/2021 <sup>(c)</sup> | 11222629 | 14608146 | 0.2% |
|  Onex ISO Co-Invest LP (Financials)<sup>(a),(b)</sup> | 10/29/2021 <sup>(c)</sup> | 19692078 | 31964718 | 0.5% |
|  Project Alpine Co-Invest Fund, L.P. (Information Technology)<sup>(a),(b)</sup> | 06/13/2022 <sup>(c)</sup> | 38904259 | 45740471 | 0.7% |
|  Project Hotel California Co-Invest Fund, L.P. (Information Technology)<sup>(a),(b)</sup> | 07/29/2022 <sup>(c)</sup> | 37824614 | 56260196 | 0.9% |
|  Project Second Co-Invest Fund, L.P. (Information Technology)<sup>(a),(b)</sup> | 05/05/2025 <sup>(c)</sup> | 53971616 | 54267889 | 0.8% |
|  Providence IX Maverick Co-Investment L.P. (Information Technology)<sup>(a),(b)</sup> | 05/30/2025 <sup>(c)</sup> | 26907402 | 27997397 | 0.4% |
|  PSC Leto LP Kirkland (Information Technology) (Netherlands)<sup>(a),(b)</sup> | 11/01/2024 <sup>(c)</sup> | 16658895 | 19399122 | 0.3% |
|  PSG Government Brands II Co-Invest L.P. (Information<br>Technology)<sup>(a),(b)</sup> | 07/30/2021 <sup>(c)</sup> | 12263181 | 13658282 | 0.2% |
|  PSG LM Co-Investors L.P. (Information Technology)<sup>(b)</sup> | 05/24/2016 <sup>(c)</sup> | 147783 | 573755 | 0.0% |
|  PX3 Partners Clean LP (Industrials) (Ireland)<sup>(a),(b)</sup> | 06/09/2025 <sup>(c)</sup> | 30174789 | 35841684 | 0.6% |
|  PX3 Partners Cyber LP (information Technology)<sup>(a),(b)</sup> | 12/22/2025 <sup>(c)</sup> | 44949277 | 45086117 | 0.7% |
|  Quantum Parallel Partners VI-C(A), LP (Energy)<sup>(b)</sup> | 10/16/2015 <sup>(c)</sup> | 14036 | 89099 | 0.0% |
|  Quantum QEP VII Co-Investment Fund, L.P. (Industrials)<sup>(b)</sup> | 08/30/2018 <sup>(c)</sup> | 1529175 | 1562209 | 0.0% |
|  R Chapel Avenue Holdings Co-Invest B, LP (Financials)<sup>(a)</sup> | 07/08/2024 <sup>(c)</sup> | 16389293 | 26897751 | 0.4% |
|  RCP Artemis Co-Invest LP (Financials)<sup>(b)</sup> | 08/01/2019 <sup>(c)</sup> | 3896150 | 21838228 | 0.3% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Co-Investments (continued)** |  |  |  |  |
|  RL Co-investor Aggregator II L.P. (Communication Services)<sup>(a),(b)</sup> | 03/04/2022 <sup>(c)</sup> | $26203614 | $20655574 | 0.3% |
|  Roark Capital Partners II Sidecar LP (Consumer Discretionary)<sup>(b)</sup> | 11/26/2018 <sup>(c)</sup> | 4709055 | 8859765 | 0.1% |
|  SDA Investors Group, LLC - Class A (Healthcare)<sup>(b),(d)</sup> | 08/03/2017 <sup>(c)</sup> | 3775914 | 530050 | 0.0% |
|  SDA Investors Group, LLC - Series A Pref (Healthcare)<sup>(b),(d)</sup> | 03/26/2019 <sup>(c)</sup> | 1094360 | 2551953 | 0.0% |
|  SDA Investors Group, LLC - Series AA Pref (Healthcare)<sup>(b),(d)</sup> | 09/18/2023 <sup>(c)</sup> | 239147 | 328827 | 0.0% |
|  Shamrock ND Holdco, L.P. (Communication Services)<sup>(a),(b)</sup> | 09/10/2024 <sup>(c)</sup> | 41250737 | 58067550 | 0.9% |
|  Shamrock PN Holdco, L.P. (Industrials)<sup>(a),(b)</sup> | 07/30/2025 <sup>(c)</sup> | 33749483 | 33753122 | 0.5% |
|  Sherman Opportunity-A LP (Financials)<sup>(a),(b)</sup> | 10/28/2022 <sup>(c)</sup> | 26633606 | 57901817 | 0.9% |
|  SignalFire Opportunities Fund, L.P. - Series 11 (Financials)<sup>(a),(b)</sup> | 12/10/2021 <sup>(c)</sup> | 5109869 | 4981679 | 0.1% |
|  SignalFire Opportunities Fund, L.P. - Series 14 (Healthcare)<sup>(a),(b)</sup> | 04/08/2022 <sup>(c)</sup> | 4977228 | 3680991 | 0.1% |
|  SKCP V Sirona Co-Invest, L.P. (Healthcare) (France)<sup>(a),(b)</sup> | 12/16/2021 <sup>(c)</sup> | 15563176 | 8218022 | 0.1% |
|  STAIRWAY HOLDINGS CO-INVEST, LP (Financials)<sup>(a),(b)</sup> | 09/29/2022 <sup>(c)</sup> | 25145550 | 37422018 | 0.6% |
|  SYFS Co-INVEST, LLC (Healthcare)<sup>(b)</sup> | 09/01/2017 <sup>(c)</sup> | 2972962 | 68040 | 0.0% |
|  TCP DJR Co-Invest Feeder, L.P. (Energy)<sup>(b)</sup> | 11/20/2018 <sup>(c)</sup> | 3535270 | 2099221 | 0.0% |
|  TI VI Project Horizon Co-Invest L.P. (Consumer Staples) (Switzerland)<sup>(a),(b)</sup> | 09/30/2024 <sup>(c)</sup> | 22366950 | 30179539 | 0.5% |
|  TI VI RAVEN INVESTMENT AGGREGATOR, L.P.<br>(Healthcare)<sup>(a),(b)</sup> | 04/11/2025 <sup>(c)</sup> | 34813052 | 40517193 | 0.6% |
|  TKC Co-Investment, LLC (Consumer Discretionary)<sup>(b)</sup> | 10/12/2016 <sup>(c)</sup> | 1551 | 1353300 | 0.0% |
|  TPG Clarinet Co-Invest, LP (Consumer Discretionary) (Australia)<sup>(b)</sup> | 02/26/2019 <sup>(c)</sup> | 0 | 7921122 | 0.1% |
|  TPG Growth V Amplifier CI, L.P. (Healthcare)<sup>(a),(b)</sup> | 02/10/2022 <sup>(c)</sup> | 7940027 | 33986995 | 0.5% |
|  TPG Growth V Deacon, L.P. (Information Technology)<sup>(a),(b)</sup> | 11/20/2023 <sup>(c)</sup> | 22211221 | 26188433 | 0.4% |
|  TPG Growth V Melody CI, Limited Partnership (Communication Services)<br>(Italy)<sup>(a),(b)</sup> | 07/18/2022 <sup>(c)</sup> | 10554497 | 43937495 | 0.7% |
|  TPG VII Renown Co-Invest I, L.P. (Consumer Staples)<sup>(b)</sup> | 05/09/2018 <sup>(c)</sup> | 1436623 | 4946 | 0.0% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Co-Investments (continued)** |  |  |  |  |
|  Trident VII Co-Invest - A LP (Information<br>Technology)<sup>(b)</sup> | 06/28/2018 <sup>(c)</sup> | $2312991 | $6465980 | 0.1% |
|  TVG-I-E-AEG Holdings (Consumer Discretionary) | 01/27/2017 <sup>(c)</sup> | 435345 | 1451322 | 0.0% |
|  Verdane P Co-Invest AB (Information Technology)<br>(Norway)<sup>(a),(b)</sup> | 03/30/2022 <sup>(c)</sup> | 7119016 | 3303319 | 0.1% |
|  Vistria AP Investment LLC (Consumer<br>Discretionary)<sup>(b),(d)</sup> | 12/12/2019 <sup>(c)</sup> | 1881126 | 6633941 | 0.1% |
|  WP-LH Co-Invest, L.P. (Materials)<sup>(b)</sup> | 06/25/2015 <sup>(c)</sup> | 197042 | 342682 | 0.0% |
|  **Total Co-Investments** |  | **1759439910** | **2355260072** | **36.0%** |
|  **Primary Private Investment Funds** |  |  |  |  |
|  Abry Advanced Securities Fund IV, L.P. | 02/19/2019 <sup>(c)</sup> | 3099486 | 2842208 | 0.0% |
|  Accel Leaders Fund IV, L.P.<sup>(a),(b)</sup> | 06/05/2023 <sup>(c)</sup> | 13650000 | 16498333 | 0.3% |
|  Accel London VIII, L.P<sup>(a),(b)</sup> | 08/21/2024 <sup>(c)</sup> | 3450500 | 3216159 | 0.1% |
|  American Industrial Partners Fund VIII<sup>(a)</sup> | 04/30/2024 <sup>(c)</sup> | 14386855 | 16538707 | 0.3% |
|  Banneker Partners III, L.P.<sup>(a),(b)</sup> | 12/19/2025 <sup>(c)</sup> | 3203670 | 2757653 | 0.0% |
|  Base10 Advancement Initiative II, L.P.<sup>(a),(b)</sup> | 01/06/2023 <sup>(c)</sup> | 9748516 | 9569501 | 0.2% |
|  Battery Ventures Select Fund II, L.P.<sup>(a),(b)</sup> | 03/09/2022 <sup>(c)</sup> | 3848860 | 4571339 | 0.1% |
|  Battery Ventures XIV, L.P.<sup>(a),(b)</sup> | 07/20/2022 <sup>(c)</sup> | 8781172 | 9167524 | 0.1% |
|  BC European Capital XI (United Kingdom)<sup>(a),(b)</sup> | 02/25/2022 <sup>(c)</sup> | 18786280 | 22445747 | 0.3% |
|  BroadRiver III, L.P.<sup>(b)</sup> | 03/27/2018 <sup>(c)</sup> | 2569044 | 2398840 | 0.0% |
|  Canaan XIII<sup>(a),(b)</sup> | 08/28/2024 <sup>(c)</sup> | 3400000 | 3216230 | 0.1% |
|  Craft Ventures Growth II, L.P.<sup>(a),(b)</sup> | 05/31/2023 <sup>(c)</sup> | 6532026 | 8423194 | 0.1% |
|  Entrepreneurial Equity Partners Fund II, L.P.<sup>(a)</sup> | 06/26/2024 <sup>(c)</sup> | 12491698 | 21541763 | 0.3% |
|  Five Arrows Growth Partners II SCSp<br>(Luxembourg)<sup>(a),(b)</sup> | 09/22/2025 <sup>(c)</sup> | 5526004 | 4608304 | 0.1% |
|  Five Arrows Principal Investments IV SCSp SICAV-RAIF (United Kingdom)<sup>(a),(b)</sup> | 06/17/2022 <sup>(c)</sup> | 19823788 | 18944769 | 0.3% |
|  Forbion Capital Fund VI (Netherlands)<sup>(a),(b)</sup> | 03/01/2023 <sup>(c)</sup> | 4370999 | 6003005 | 0.1% |
|  Fremman 2 MM SCSP (Healthcare)<br>(Luxembourg)<sup>(a),(b)</sup> | 08/01/2025 <sup>(c)</sup> | 14156349 | 13191527 | 0.2% |
|  GSO Capital Opportunities Fund III, L.P. | 09/22/2016 <sup>(c)</sup> | 486933 | 231302 | 0.0% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Primary Private Investment Funds (continued)** |  |  |  |  |
|  H&F Arrow 2, L.P.<sup>(b)</sup> | 08/28/2020 <sup>(c)</sup> | $138913 | $352918 | 0.0% |
|  H.I.G. Advantage Buyout Fund II L.P.<sup>(a)</sup> | 05/06/2024 <sup>(c)</sup> | 5934907 | 6868209 | 0.1% |
|  Hg Saturn 4 A L.P. (United Kingdom)<sup>(a),(b)</sup> | 12/18/2025 <sup>(c)</sup> | 90825 | 272361 | 0.0% |
|  HGGC Fund IV-A, L.P.<sup>(a),(b)</sup> | 12/03/2021 <sup>(c)</sup> | 17726528 | 22772988 | 0.4% |
|  HIG Middle Market LBO Fund IV, L.P.<sup>(a)</sup> | 05/11/2023 <sup>(c)</sup> | 7495763 | 6328156 | 0.1% |
|  HX ONE L.P.<sup>(a),(b)</sup> | 06/20/2025 <sup>(c)</sup> | 12929294 | 12493213 | 0.2% |
|  IK Partnership III Fund No. 1 SCSp (United Kingdom)<sup>(a),(b)</sup> | 11/19/2025 <sup>(c)</sup> | 5785445 | 5821480 | 0.1% |
|  IK X Fund No. 1 SCSp (Luxembourg)<sup>(a),(b)</sup> | 02/13/2025 <sup>(c)</sup> | 6350228 | 6055594 | 0.1% |
|  Incline Aviation Fund II<sup>(d)</sup> | 05/07/2021 <sup>(c)</sup> | 7616204 | 9414320 | 0.2% |
|  Incline Aviation I<sup>(d)</sup> | 03/09/2017 <sup>(c)</sup> | 795220 | 791150 | 0.0% |
|  Knox Lane Capital Fund II, L.P.<sup>(a),(b)</sup> | 01/08/2024 <sup>(c)</sup> | 9867469 | 9728513 | 0.2% |
|  Leeds Equity Partners VIII-A, L.P.<sup>(a),(b)</sup> | 12/19/2025 <sup>(c)</sup> | 8891217 | 6114613 | 0.1% |
|  Main Post Growth Capital III (Parallel), L.P.<sup>(a),(b)</sup> | 10/25/2023 <sup>(c)</sup> | 6578316 | 5868407 | 0.1% |
|  NEA 18 Venture Growth Equity, L.P.<sup>(a),(b)</sup> | 02/08/2023 <sup>(c)</sup> | 10709945 | 13278062 | 0.2% |
|  New Enterprise Associates 18, L.P.<sup>(a),(b)</sup> | 02/08/2023 <sup>(c)</sup> | 4607779 | 9024244 | 0.1% |
|  Nexus Special Situations IV, L.P.<sup>(a),(b)</sup> | 04/30/2024 <sup>(c)</sup> | 5665648 | 5923820 | 0.1% |
|  Norvestor IX SCSp (Norway)<sup>(a)</sup> | 04/20/2023 <sup>(c)</sup> | 8571907 | 12704826 | 0.2% |
|  PSC V (A), LP (United Kingdom)<sup>(a),(b)</sup> | 02/19/2025 <sup>(c)</sup> | 12834667 | 14740844 | 0.2% |
|  PSG Encore-A L.P.<sup>(a)</sup> | 03/23/2022 <sup>(c)</sup> | 21357086 | 21798219 | 0.3% |
|  PX3 Partners Fund I LP (United Kingdom)<sup>(a)</sup> | 06/10/2025 <sup>(c)</sup> | 11204858 | 12570810 | 0.2% |
|  RedBird Capital Partners Fund IV, L.P.<sup>(a)</sup> | 01/29/2024 <sup>(c)</sup> | 26224449 | 28612986 | 0.4% |
|  Redpoint Ventures IX, L.P.<sup>(a),(b)</sup> | 10/03/2022 <sup>(c)</sup> | 4859716 | 6384884 | 0.1% |
|  SignalFire Breakout Fund III, L.P.<sup>(a),(b)</sup> | 01/31/2022 <sup>(c)</sup> | 8648661 | 11004163 | 0.2% |
|  SignalFire Fund IV, L.P.<sup>(a),(b)</sup> | 01/31/2022 <sup>(c)</sup> | 4469073 | 4623164 | 0.1% |
|  SignalFire VSS I, L.P.<sup>(a),(b)</sup> | 01/31/2022 <sup>(c)</sup> | 4875000 | 6726086 | 0.1% |
|  SK Capital Partners VI<sup>(a)</sup> | 09/22/2023 <sup>(c)</sup> | 4618796 | 7071499 | 0.1% |
|  Towerbrook Investors VI (OS), L.P.<sup>(a)</sup> | 07/24/2024 <sup>(c)</sup> | 13247971 | 15127618 | 0.2% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Primary Private Investment Funds (continued)** |  |  |  |  |
|  TPG Growth V, L.P.<sup>(a),(b)</sup> | 09/17/2021 <sup>(c)</sup> | $20292150 | $28299286 | 0.4% |
|  TPG Growth VI, L.P.<sup>(a)</sup> | 08/07/2025 <sup>(c)</sup> | 18878816 | 19302407 | 0.3% |
|  Triton Fund 6 SCSP (Luxembourg)<sup>(a),(b)</sup> | 12/18/2025 <sup>(c)</sup> | 806905 | 726428 | 0.0% |
|  Valeas Capital Partners Fund II-A LP<sup>(a),(b)</sup> | 12/08/2025 <sup>(c)</sup> | 2783849 | 2489862 | 0.0% |
|  Valeas Capital Partners I-A LP<sup>(a),(b)</sup> | 02/27/2023 <sup>(c)</sup> | 11819183 | 22463223 | 0.3% |
|  **Total Primary Private Investment Funds** |  | **434988968** | **501920458** | **7.7%** |
|  **Secondary Private Investment Funds** |  |  |  |  |
|  3i Venice SCSp (United Kingdom) | 01/15/2020 <sup>(c)</sup> | 4441466 | 23995695 | 0.4% |
|  7RIDGE Investments 7 Limited Partnership (United Kingdom)<sup>(a),(b)</sup> | 11/03/2025 <sup>(c)</sup> | 48494681 | 48804575 | 0.7% |
|  A&M Capital Europe, SCSp (Spain)<sup>(a),(b)</sup> | 12/29/2023 <sup>(c)</sup> | 10185449 | 15095467 | 0.2% |
|  A9 EUR (Feeder) L.P. (France)<sup>(a)</sup> | 09/30/2024 <sup>(c)</sup> | 4531037 | 3811662 | 0.1% |
|  Abry Advanced Securities Fund III, L.P.<sup>(b)</sup> | 03/31/2021 <sup>(c)</sup> | 1344489 | 11303 | 0.0% |
|  ABRY Heritage Partners, L.P.<sup>(e)</sup> | 03/31/2021 <sup>(c)</sup> | 154345 | 235978 | 0.0% |
|  ABRY Partners IX, L.P.<sup>(e)</sup> | 03/31/2021 <sup>(c)</sup> | 1452455 | 2095017 | 0.0% |
|  ABRY Partners VII, L.P.<sup>(b),(e)</sup> | 03/31/2021 <sup>(c)</sup> | 295649 | 147771 | 0.0% |
|  ABRY Partners VIII, L.P.<sup>(e)</sup> | 03/31/2021 <sup>(c)</sup> | 543825 | 215757 | 0.0% |
|  ABRY Senior Equity IV, L.P.<sup>(e)</sup> | 03/31/2021 <sup>(c)</sup> | 183482 | 124019 | 0.0% |
|  ABRY Senior Equity V, L.P.<sup>(e)</sup> | 03/31/2021 <sup>(c)</sup> | 852344 | 1419348 | 0.0% |
|  ACON Equity Partners 3.5, L.P.<sup>(b),(e)</sup> | 01/12/2022 <sup>(c)</sup> | 1406134 | 1623275 | 0.0% |
|  ACON Equity Partners IV, L.P.<sup>(b),(e)</sup> | 01/04/2022 <sup>(c)</sup> | 3858611 | 3982900 | 0.1% |
|  ACP Investment Fund II, L.P.<sup>(e)</sup> | 06/30/2023 <sup>(c)</sup> | 11307974 | 5225207 | 0.1% |
|  Advent International GPE IX-C Limited Partnership<sup>(a),(b)</sup> | 03/31/2024 <sup>(c)</sup> | 14330514 | 16475883 | 0.3% |
|  Advent International GPE VIII-B-3 Limited Partnership<sup>(a),(b)</sup> | 03/31/2024 <sup>(c)</sup> | 6342511 | 5771729 | 0.1% |
|  Alpine Investors Apex CV-A, LP<sup>(a),(b)</sup> | 10/20/2023 <sup>(c)</sup> | 54463071 | 86879806 | 1.3% |
|  Alpine Investors TEAM CV Feeder, LLC<sup>(b)</sup> | 12/17/2020 <sup>(c)</sup> | 3845214 | 10211431 | 0.2% |
|  Altamont Capital Partners III, L.P.<sup>(e)</sup> | 06/30/2023 <sup>(c)</sup> | 64787449 | 62854738 | 1.0% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Secondary Private Investment Funds (continued)** |  |  |  |  |
|  Altor Fund II (No. 2) Limited Partnership (Denmark)<sup>(a),(b)</sup> | 03/31/2024 <sup>(c)</sup> | $430823 | $179646 | 0.0% |
|  Altor Fund III (No. 2) Limited Partnership (Sweden)<sup>(e)</sup> | 04/07/2022 <sup>(c)</sup> | 917544 | 336551 | 0.0% |
|  Altor Fund III (No. 2) Limited Partnership (Sweden)<sup>(a)</sup> | 03/31/2024 <sup>(c)</sup> | 1159905 | 851047 | 0.0% |
|  Altor Fund IV (No. 1) AB (Sweden)<sup>(a),(b)</sup> | 04/08/2022 <sup>(c)</sup> | 3114298 | 2391306 | 0.0% |
|  Altor Fund IV (No. 2) AB (Sweden)<sup>(a),(b)</sup> | 03/31/2024 <sup>(c)</sup> | 5109165 | 5543870 | 0.1% |
|  Altor Fund IV (No. 1) AB (Sweden)<sup>(a),(b)</sup> | 06/30/2025 <sup>(c)</sup> | 15549753 | 15305556 | 0.2% |
|  Altor Fund V (No. 1) AB (Sweden)<sup>(a)</sup> | 04/08/2022 <sup>(c)</sup> | 6839036 | 7706386 | 0.1% |
|  Altor Fund V (No. 2) AB (Sweden)<sup>(a)</sup> | 03/31/2024 <sup>(c)</sup> | 15400395 | 18382201 | 0.3% |
|  Altor Fund V (No. 2) AB (Sweden)<sup>(a)</sup> | 06/30/2025 <sup>(c)</sup> | 31400461 | 35828530 | 0.5% |
|  Antin Infrastructure Partners III-B SCSp (Spain)<sup>(b)</sup> | 11/04/2020 <sup>(c)</sup> | 3182475 | 4186105 | 0.1% |
|  Apax France VIII-A FCPR (France)<sup>(b)</sup> | 01/22/2019 <sup>(c)</sup> | 624025 | 20371 | 0.0% |
|  Apollo Overseas Partners IX, L.P.<sup>(a)</sup> | 09/30/2024 <sup>(c)</sup> | 7211399 | 8390329 | 0.1% |
|  Archer Capital GF Trust 2B (Australia)<sup>(b)</sup> | 03/04/2020 <sup>(c)</sup> | 735823 | 342548 | 0.0% |
|  Archer Capital Trust 5B (Australia)<sup>(b)</sup> | 03/04/2020 <sup>(c)</sup> | 714307 | 83722 | 0.0% |
|  Ares Corporate Opportunities Fund IV, L.P. | 04/13/2017 <sup>(c)</sup> | 1178671 | 270139 | 0.0% |
|  Astorg CF II (GP) (Netherlands)<sup>(a),(b)</sup> | 09/24/2024 <sup>(c)</sup> | 18059100 | 26284560 | 0.4% |
|  August Equity Partners IV Executives Partnership LP (United Kingdom)<sup>(a),(b)</sup> | 12/29/2023 <sup>(c)</sup> | 6459753 | 3247034 | 0.1% |
|  Aztiq Fund I SCSp<sup>(b)</sup> | 05/13/2019 <sup>(c)</sup> | 3293496 | 5033352 | 0.1% |
|  Bain Capital Fund XII, L.P.<sup>(a),(b)</sup> | 06/30/2024 <sup>(c)</sup> | 10871633 | 10500457 | 0.2% |
|  Balderton Capital V, L.P. (United Kingdom)<sup>(a),(b)</sup> | 10/01/2024 <sup>(c)</sup> | 9892067 | 8436043 | 0.1% |
|  Banc Fund IX L.P.<sup>(b)</sup> | 01/19/2016 <sup>(c)</sup> | 593 | 9758 | 0.0% |
|  Base10 Partners I, L.P.<sup>(a),(b)</sup> | 08/03/2022 <sup>(c)</sup> | 4844530 | 5026144 | 0.1% |
|  BC European Capital X-3 LP (United Kingdom)<sup>(a)</sup> | 09/30/2024 <sup>(c)</sup> | 5689388 | 5632942 | 0.1% |
|  BE VI 'D' LP (United Kingdom)<sup>(a)</sup> | 09/30/2024 <sup>(c)</sup> | 10101948 | 10442310 | 0.2% |
|  Berkshire Fund IX Coinvestment Fund L.P.<sup>(b),(e)</sup> | 04/08/2022 <sup>(c)</sup> | 3024340 | 3725922 | 0.1% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Secondary Private Investment Funds (continued)** |  |  |  |  |
|  Berkshire Fund IX, L.P.<sup>(e)</sup> | 09/03/2021 <sup>(c)</sup> | $6165375 | $7230300 | 0.1% |
|  Berkshire Fund VI, Limited Partnership<sup>(a),(b)</sup> | 04/08/2022 <sup>(c)</sup> | 789053 | 195153 | 0.0% |
|  Berkshire Fund VII, L.P.<sup>(a),(b)</sup> | 04/08/2022 <sup>(c)</sup> | 172259 | 63127 | 0.0% |
|  Berkshire Fund VIII L.P.<sup>(a),(b)</sup> | 04/08/2022 <sup>(c)</sup> | 1648343 | 400383 | 0.0% |
|  Berkshire Fund X-A, L.P.<sup>(a)</sup> | 11/16/2021 <sup>(c)</sup> | 2361619 | 2648618 | 0.0% |
|  Blackstone Capital Partners VI L.P.<sup>(e)</sup> | 04/07/2022 <sup>(c)</sup> | 231539 | 125138 | 0.0% |
|  Blackstone Capital Partners VIII L.P.<sup>(e)</sup> | 10/01/2024 <sup>(c)</sup> | 19738851 | 27739823 | 0.4% |
|  Blackstone Energy Partners II L.P.<sup>(e)</sup> | 10/01/2024 <sup>(c)</sup> | 5369187 | 5892743 | 0.1% |
|  Boom Co-Invest B, L.P.<sup>(a),(b)</sup> | 01/02/2024 <sup>(c)</sup> | 3154691 | 5073627 | 0.1% |
|  BPE 3 Unternehmensbeteiligungen GmbH & Co. KG<br>(Germany)<sup>(a),(b)</sup> | 11/22/2024 <sup>(c)</sup> | 1983010 | 1509755 | 0.0% |
|  Brentwood Associates Opportunities Fund II-A, L.P.<sup>(a),(b)</sup> | 07/18/2025 <sup>(c)</sup> | 41382292 | 54935650 | 0.8% |
|  Brentwood Associates Private Equity V, L.P.<sup>(b),(e)</sup> | 10/01/2024 <sup>(c)</sup> | 13870460 | 16709198 | 0.3% |
|  Bridgepoint Europe IV 'A' LP (United Kingdom)<sup>(a),(b)</sup> | 12/29/2023 <sup>(c)</sup> | 30319 | 73340 | 0.0% |
|  Bridgepoint Europe V A1 LP<sup>(a),(b)</sup> | 09/30/2025 <sup>(c)</sup> | 2699583 | 3682045 | 0.1% |
|  Calera Capital Partners V L.P. | 04/25/2016 <sup>(c)</sup> | 55929 | 60475 | 0.0% |
|  CapVest Strategic Opportunities 2 SCSp (United Kingdom)<sup>(b)</sup> | 12/01/2020 <sup>(c)</sup> | 3678722 | 9957477 | 0.2% |
|  Carlyle Global Infrastructure Opportunity Fund, L.P.<sup>(e)</sup> | 04/21/2022 <sup>(c)</sup> | 10881176 | 16745047 | 0.3% |
|  Carlyle Renewable and Sustainable Energy Fund II, S.C.Sp.<sup>(a),(b)</sup> | 11/29/2022 <sup>(c)</sup> | 935090 | 1291137 | 0.0% |
|  CB Offshore Equity Fund IX, Limited Partnership<sup>(a)</sup> | 12/31/2024 <sup>(c)</sup> | 10554354 | 10008457 | 0.2% |
|  CB Offshore Equity Fund X, Limited Partnership<sup>(a)</sup> | 12/31/2024 <sup>(c)</sup> | 7084137 | 7006322 | 0.1% |
|  CB Offshore Equity Overage Fund X, Limited Partnership<sup>(a)</sup> | 12/31/2024 <sup>(c)</sup> | 6500784 | 5705396 | 0.1% |
|  CBPE Capital Fund IX B, L.P. (United Kingdom) | 12/31/2020 <sup>(c)</sup> | 2525274 | 3099854 | 0.0% |
|  CD&R Value Building Partners I, L.P.<sup>(a)</sup> | 12/17/2021 <sup>(c)</sup> | 33794662 | 47468420 | 0.7% |
|  Centerbridge Falcon Acquisition Fund, L.P. (Canada)<sup>(a),(b)</sup> | 08/21/2025 <sup>(c)</sup> | 24159554 | 23267564 | 0.4% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Secondary Private Investment Funds (continued)** |  |  |  |  |
|  CenterGate Capital Partners I, L.P.<sup>(a)</sup> | 10/02/2024 <sup>(c)</sup> | $939576 | $1091389 | 0.0% |
|  Charlesbank Equity Fund IX Overage Program<sup>(e)</sup> | 10/01/2024 <sup>(c)</sup> | 485243 | 747012 | 0.0% |
|  Charlesbank Equity Fund IX, Limited Partnership<sup>(e)</sup> | 10/01/2024 <sup>(c)</sup> | 2218206 | 2508608 | 0.0% |
|  Charlesbank Equity Fund VII, Limited Partnership<sup>(b),(e)</sup> | 10/01/2024 <sup>(c)</sup> | 9345 | 521 | 0.0% |
|  Charlesbank Equity Fund VIII, Limited Partnership<sup>(e)</sup> | 10/01/2024 <sup>(c)</sup> | 1134895 | 1097012 | 0.0% |
|  CIVC SIB CF, L.P. (Canada)<sup>(a),(b)</sup> | 05/03/2023 <sup>(c)</sup> | 28878913 | 41523545 | 0.6% |
|  Clearlake Capital Partners VII (Offshore), LP<sup>(a),(b)</sup> | 12/29/2023 <sup>(c)</sup> | 4421650 | 5178959 | 0.1% |
|  Clearview Capital Fund III, L.P.<sup>(a)</sup> | 05/31/2023 <sup>(c)</sup> | 1237671 | 1793660 | 0.0% |
|  Clearview Capital Fund IV, L.P.<sup>(a)</sup> | 05/31/2023 <sup>(c)</sup> | 7209012 | 7183651 | 0.1% |
|  Clearview Capital Fund V, L.P.<sup>(a)</sup> | 05/19/2023 <sup>(c)</sup> | 855666 | 745969 | 0.0% |
|  Clearview Capital Mezzanine Fund I, L.P.<sup>(a)</sup> | 05/16/2023 <sup>(c)</sup> | 461415 | 472587 | 0.0% |
|  DevCo Partners I Ky (Finland)<sup>(b)</sup> | 06/30/2025 <sup>(c)</sup> | 25630682 | 29401602 | 0.5% |
|  Diablo Investment Fund, L.P.<sup>(e)</sup> | 08/09/2024 <sup>(c)</sup> | 578659 | 723911 | 0.0% |
|  Digital Colony Partners, L.P. (Luxembourg)<sup>(a),(b)</sup> | 01/31/2024 <sup>(c)</sup> | 60562085 | 69087904 | 1.1% |
|  DPE Continuation Fund I geschlossene Spezial-Investment GmbH & Co. KG (Germany)<sup>(a),(b)</sup> | 10/12/2022 <sup>(c)</sup> | 38391975 | 55946068 | 0.9% |
|  DW Healthcare Partners III, L.P.<sup>(a),(b)</sup> | 10/01/2024 <sup>(c)</sup> | 76925 | 120561 | 0.0% |
|  DW Healthcare Partners IV, L.P.<sup>(a),(b)</sup> | 10/01/2024 <sup>(c)</sup> | 1240819 | 1474153 | 0.0% |
|  DW Healthcare Partners MLG CV, L.P.<sup>(a),(b)</sup> | 11/25/2024 <sup>(c)</sup> | 792484 | 1162130 | 0.0% |
|  DW Healthcare Partners Small Cap, L.P.<sup>(a),(b)</sup> | 10/01/2024 <sup>(c)</sup> | 399026 | 1039283 | 0.0% |
|  DW Healthcare Partners V, L.P.<sup>(a)</sup> | 10/01/2024 <sup>(c)</sup> | 3578079 | 6357896 | 0.1% |
|  ECP Calpine Continuation Fund, LP<sup>(a),(b)</sup> | 07/05/2022 <sup>(c)</sup> | 27715985 | 75882245 | 1.2% |
|  EQT IX (No. 2) EUR SCSP (Sweden)<sup>(a)</sup> | 12/29/2023 <sup>(c)</sup> | 27452309 | 33100862 | 0.5% |
|  EQT VII (No. 1) LP (Denmark)<sup>(a),(b)</sup> | 12/29/2023 <sup>(c)</sup> | 8712543 | 6583875 | 0.1% |
|  EQT VIII (No. 1) SCSP<sup>(a)</sup> | 12/29/2023 <sup>(c)</sup> | 14489760 | 15026232 | 0.2% |
|  Equistone Partners Europe Fund VI "A" SCSp (France)<sup>(a)</sup> | 09/30/2024 <sup>(c)</sup> | 3642079 | 3844471 | 0.1% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Secondary Private Investment Funds (continued)** |  |  |  |  |
|  Equistone Partners Europe Fund VI "B" SCSp (Luxembourg)<sup>(a)</sup> | 12/31/2024 <sup>(c)</sup> | $12121724 | $18432537 | 0.3% |
|  Ergon svt Long Term Value Fund SCSp (Germany)<sup>(b)</sup> | 02/24/2021 <sup>(c)</sup> | 4790709 | 7046315 | 0.1% |
|  Flexpoint Fund IV-B, L.P.<sup>(a),(b)</sup> | 03/31/2024 <sup>(c)</sup> | 11784281 | 14334047 | 0.2% |
|  Flexpoint Overage Fund IV-B, L.P.<sup>(a),(b)</sup> | 03/31/2024 <sup>(c)</sup> | 3673390 | 3642191 | 0.1% |
|  Francisco Partners Agility A, L.P.<sup>(a)</sup> | 06/30/2025 <sup>(c)</sup> | 7817759 | 6688262 | 0.1% |
|  Francisco Partners III, L.P.<sup>(b)</sup> | 01/05/2015 <sup>(c)</sup> | 87113 | 52070 | 0.0% |
|  Francisco Partners IV-A, L.P.<sup>(a),(b)</sup> | 06/30/2025 <sup>(c)</sup> | 6959482 | 6136819 | 0.1% |
|  Francisco Partners V-A, L.P.<sup>(a)</sup> | 06/30/2025 <sup>(c)</sup> | 13269803 | 14397866 | 0.2% |
|  Francisco Partners VI-B, L.P.<sup>(a),(b)</sup> | 01/02/2024 <sup>(c)</sup> | 6951625 | 10042387 | 0.2% |
|  FSN Capital VI L.P. (Denmark)<sup>(a),(b)</sup> | 03/31/2024 <sup>(c)</sup> | 12910033 | 14586037 | 0.2% |
|  Fund IX Offshore Overage Program II<sup>(a)</sup> | 12/31/2024 <sup>(c)</sup> | 6760305 | 6355923 | 0.1% |
|  General Catalyst Group VI, L.P.<sup>(a),(b)</sup> | 06/30/2025 <sup>(c)</sup> | 19715300 | 28434516 | 0.4% |
|  General Catalyst Group VIII Supplemental, L.P.<sup>(a),(b)</sup> | 06/30/2025 <sup>(c)</sup> | 1919554 | 2188024 | 0.0% |
|  General Catalyst Group VIII, L.P.<sup>(a),(b)</sup> | 06/30/2025 <sup>(c)</sup> | 18058527 | 21665332 | 0.3% |
|  Genstar Capital Partners X L.P.<sup>(a)</sup> | 12/29/2023 <sup>(c)</sup> | 3748226 | 4275621 | 0.1% |
|  GENUI II GmbH & Co. geschl. InvKG (Germany)<sup>(a),(b)</sup> | 10/01/2024 <sup>(c)</sup> | 6096785 | 4773864 | 0.1% |
|  GHO Capital Vanquish LP (United Kingdom)<sup>(a),(b)</sup> | 05/22/2023 <sup>(c)</sup> | 40249356 | 34384877 | 0.5% |
|  GIP Aquarius Fund, SCSp (Brazil)<sup>(a),(b)</sup> | 10/19/2021 <sup>(c)</sup> | 11349381 | 15433956 | 0.2% |
|  GLOBAL INFRASTRUCTURE PARTNERS II-C, L.P. (United Kingdom)<sup>(a)</sup> | 12/30/2022 <sup>(c)</sup> | 4469307 | 1866314 | 0.0% |
|  GLOBAL INFRASTRUCTURE PARTNERS III-C, L.P.<sup>(a)</sup> | 12/30/2022 <sup>(c)</sup> | 1210193 | 1291929 | 0.0% |
|  Graham Partners OptConnect Continuation Fund Parallel, L.P<sup>(a),(b)</sup> | 12/20/2022 <sup>(c)</sup> | 31618200 | 45153469 | 0.7% |
|  Great Hill Equity Partners V, L.P.<sup>(a),(b)</sup> | 06/30/2025 <sup>(c)</sup> | 4762357 | 4924145 | 0.1% |
|  Great Hill Equity Partners VI, L.P.<sup>(e)</sup> | 06/30/2025 <sup>(c)</sup> | 13812526 | 13058328 | 0.2% |
|  Great Hill Equity Partners VII, L.P.<sup>(e)</sup> | 06/30/2025 <sup>(c)</sup> | 13254964 | 12998943 | 0.2% |
|  Greenbriar Equity Fund III, L.P.<sup>(e)</sup> | 03/31/2021 <sup>(c)</sup> | 1292460 | 634336 | 0.0% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Secondary Private Investment Funds (continued)** |  |  |  |  |
|  Gryphon Partners VI-A, L.P.<sup>(a),(b)</sup> | 12/29/2023 <sup>(c)</sup> | $10380454 | $12850942 | 0.2% |
|  GSP 2.0, L.P.<sup>(e)</sup> | 09/30/2024 <sup>(c)</sup> | 2475946 | 3715020 | 0.1% |
|  GSP 3.0 Fund, L.P.<sup>(b),(e)</sup> | 09/30/2024 <sup>(c)</sup> | 4162909 | 4832769 | 0.1% |
|  Hellman & Friedman Capital Partners VII, L.P. | 10/01/2019 <sup>(c)</sup> | 794730 | 41697 | 0.0% |
|  Hellman & Friedman Capital Partners X (Parallel), L.P.<sup>(a)</sup> | 09/27/2024 <sup>(c)</sup> | 37529903 | 38788786 | 0.6% |
|  Hg Saturn 2 B LP (United Kingdom)<sup>(a),(b)</sup> | 01/02/2024 <sup>(c)</sup> | 5105644 | 7132272 | 0.1% |
|  Hosen FCV I, L.P. (Australia)<sup>(a),(b)</sup> | 04/13/2022 <sup>(c)</sup> | 23039243 | 37053764 | 0.6% |
|  Housatonic Equity Investors V, L.P.<sup>(e)</sup> | 04/07/2022 <sup>(c)</sup> | 1247320 | 1750584 | 0.0% |
|  Housatonic Equity Investors VI, L.P.<sup>(e)</sup> | 04/07/2022 <sup>(c)</sup> | 7696802 | 10354851 | 0.2% |
|  Icon Partners IV, L.P.<sup>(b)</sup> | 05/24/2021 <sup>(c)</sup> | 16369528 | 19471235 | 0.3% |
|  Idinvest Growth Secondary SLP (France)<sup>(b)</sup> | 05/21/2020 <sup>(c)</sup> | 1736921 | 3399371 | 0.1% |
|  IK SC Strategic Opportunities I SCSp (Netherlands)<sup>(a),(b)</sup> | 04/18/2024 <sup>(c)</sup> | 17299440 | 23408656 | 0.4% |
|  IK Small Cap II Fund No. 2 SCSp (Luxembourg)<sup>(a),(b)</sup> | 09/30/2025 <sup>(c)</sup> | 1401757 | 1393889 | 0.0% |
|  IK VIII No. 3 LP (United Kingdom)<sup>(a),(b)</sup> | 09/30/2025 <sup>(c)</sup> | 3749759 | 3802040 | 0.1% |
|  Industrial Opportunity Partners II, L.P.<sup>(a),(b)</sup> | 04/01/2022 <sup>(c)</sup> | 92684 | 260045 | 0.0% |
|  Industrial Opportunity Partners III, L.P.<sup>(a),(b)</sup> | 04/01/2022 <sup>(c)</sup> | 6790949 | 8287743 | 0.1% |
|  Industrial Opportunity Partners IV, L.P.<sup>(a),(b)</sup> | 05/06/2022 <sup>(c)</sup> | 2217903 | 2409466 | 0.0% |
|  Insight Partners Fund XI Follow-On Fund, L.P.<sup>(a),(b)</sup> | 06/30/2025 <sup>(c)</sup> | 1656941 | 2282612 | 0.0% |
|  Insight Partners XII Buyout Annex Fund, L.P.<sup>(b),(e)</sup> | 06/30/2025 <sup>(c)</sup> | 3019458 | 3597881 | 0.1% |
|  Insight Partners XII, L.P.<sup>(b),(e)</sup> | 06/30/2025 <sup>(c)</sup> | 14341000 | 18111973 | 0.3% |
|  Insight Venture Partners Coinvestment Fund II, L.P.<sup>(a),(b)</sup> | 06/30/2025 <sup>(c)</sup> | 3131547 | 3788864 | 0.1% |
|  Insight Venture Partners Growth-Buyout Coinvestment Fund, L.P.<sup>(e)</sup> | 03/31/2023 <sup>(c)</sup> | 19947827 | 11612327 | 0.2% |
|  Insight Venture Partners Growth-Buyout Coinvestment Fund, L.P.<sup>(e)</sup> | 06/30/2025 <sup>(c)</sup> | 3225499 | 2221436 | 0.0% |
|  Insight Venture Partners IX, L.P. | 01/02/2020 <sup>(c)</sup> | 3875368 | 4151999 | 0.1% |
|  Insight Venture Partners IX, L.P.<sup>(e)</sup> | 03/31/2023 <sup>(c)</sup> | 20367588 | 21993298 | 0.3% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Secondary Private Investment Funds (continued)** |  |  |  |  |
|  Insight Venture Partners IX, L.P.<sup>(e)</sup> | 06/30/2025 <sup>(c)</sup> | $12816490 | $12621941 | 0.2% |
|  Insight Venture Partners VII, L.P.<sup>(a),(b)</sup> | 06/30/2025 <sup>(c)</sup> | 1185268 | 1375918 | 0.0% |
|  Insight Venture Partners VIII, L.P.<sup>(b),(e)</sup> | 06/30/2025 <sup>(c)</sup> | 5015121 | 6238585 | 0.1% |
|  Insight Venture Partners X, L.P.<sup>(b),(e)</sup> | 06/30/2025 <sup>(c)</sup> | 17735184 | 20487225 | 0.3% |
|  Insight Venture Partners X, L.P.<sup>(a)</sup> | 03/31/2023 <sup>(c)</sup> | 23957699 | 35997449 | 0.6% |
|  Insight Venture Partners XI, L.P.<sup>(e)</sup> | 06/30/2025 <sup>(c)</sup> | 31520485 | 36351376 | 0.6% |
|  Insight Venture Partners XI, L.P.<sup>(e)</sup> | 03/31/2023 <sup>(c)</sup> | 18188769 | 29559144 | 0.5% |
|  Insight Ventures Partners (Cayman) X, L.P.<sup>(a),(b)</sup> | 01/04/2022 <sup>(c)</sup> | 14288828 | 11423320 | 0.2% |
|  JLL PARTNERS FUND VII SECONDARY (A-SQ), L.P.<sup>(a),(b)</sup> | 04/30/2025 <sup>(c)</sup> | 10112764 | 9838725 | 0.2% |
|  JLL Partners Fund VII, L.P.<sup>(a)</sup> | 10/01/2024 <sup>(c)</sup> | 22372710 | 8045676 | 0.1% |
|  JLL Partners Fund VIII Secondary (SV), L.P.<sup>(a),(b)</sup> | 02/26/2025 <sup>(c)</sup> | 45066240 | 53493600 | 0.8% |
|  John Hancock Infra Fund I, L.P.<sup>(a)</sup> | 01/31/2024 <sup>(c)</sup> | 25753087 | 35196958 | 0.5% |
|  K4 Private Investors, L.P.<sup>(a),(b)</sup> | 10/01/2024 <sup>(c)</sup> | 5576521 | 7342788 | 0.1% |
|  Kedaara Capital Fund II LLP (India)<sup>(a),(b)</sup> | 09/19/2025 <sup>(c)</sup> | 22056883 | 22835372 | 0.4% |
|  KKR Americas Fund XII L.P.<sup>(a)</sup> | 09/30/2024 <sup>(c)</sup> | 10990637 | 12859340 | 0.2% |
|  KKR Mezzanine Partners I L.P.<sup>(a),(b)</sup> | 04/07/2022 <sup>(c)</sup> | 100499 | 83661 | 0.0% |
|  L Catterton Asia 3 LP (People's Republic of China)<sup>(a),(b)</sup> | 09/30/2024 <sup>(c)</sup> | 8359282 | 7540624 | 0.1% |
|  LEP Opportunities I, L.P. | 06/30/2021 <sup>(c)</sup> | 13126062 | 15312247 | 0.2% |
|  Linden Opportunities Fund, L.P.<sup>(a),(b)</sup> | 09/01/2022 <sup>(c)</sup> | 25523366 | 30623603 | 0.5% |
|  Lindsay Goldberg - Attain, L.P.<sup>(a),(b)</sup> | 12/02/2024 <sup>(c)</sup> | 35559100 | 45657164 | 0.7% |
|  LORIENT PEREGRINE INVESTMENT, LP<sup>(a),(b)</sup> | 11/25/2022 <sup>(c)</sup> | 20151943 | 19977820 | 0.3% |
|  Madison Dearborn Capital Partners VII-C, L.P.<sup>(a)</sup> | 01/01/2025 <sup>(c)</sup> | 5905072 | 5871695 | 0.1% |
|  Marwyn Value Investors II L.P. (Spain)<sup>(a),(b)</sup> | 04/01/2022 <sup>(c)</sup> | 725063 | 1852239 | 0.0% |
|  MC Private Equity Partners I-A LP<sup>(e)</sup> | 03/31/2021 <sup>(c)</sup> | 3569239 | 2383098 | 0.0% |
|  Medicxi Secondary I, L.P. (United Kingdom)<sup>(b)</sup> | 09/21/2020 <sup>(c)</sup> | 4328622 | 10979096 | 0.2% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Secondary Private Investment Funds (continued)** |  |  |  |  |
|  MIC Capital Partners III Parallel (Cayman) LP | 04/14/2021 <sup>(c)</sup> | $4025672 | $4275711 | 0.1% |
|  MVI II Co-Invest LP (Spain)<sup>(a),(b)</sup> | 04/01/2022 <sup>(c)</sup> | 288602 | 619602 | 0.0% |
|  Nordic Capital CF1 Alpha, L.P. (Norway)<sup>(b)</sup> | 03/11/2022 <sup>(c)</sup> | 21645643 | 24359429 | 0.4% |
|  North Haven Capital Partners CV-A LP<sup>(a),(b)</sup> | 11/15/2021 <sup>(c)</sup> | 10700185 | 20225350 | 0.3% |
|  North Haven Capital Partners W50 CV LP<sup>(a),(b)</sup> | 03/21/2024 <sup>(c)</sup> | 61740000 | 72424304 | 1.1% |
|  Oakley Capital Guinness B1 SCSp (Germany)<sup>(a),(b)</sup> | 06/09/2023 <sup>(c)</sup> | 39862904 | 65062592 | 1.0% |
|  Oaktree Special Situations Fund, L.P.<sup>(b),(e)</sup> | 04/07/2022 <sup>(c)</sup> | 979687 | 973561 | 0.0% |
|  One Equity Partners VI, L.P.<sup>(a),(b)</sup> | 04/08/2022 <sup>(c)</sup> | 901844 | 1305095 | 0.0% |
|  PAI Europe VII-1 S.L.P. & PAI Europe VII-1 SCSp<br>(France)<sup>(a),(b)</sup> | 09/30/2025 <sup>(c)</sup> | 8845627 | 8929018 | 0.1% |
|  PAI Strategic Partnerships SCSp (United Kingdom) | 12/10/2019 <sup>(c)</sup> | 696423 | 807378 | 0.0% |
|  Pegasus Partners V, L.P.<sup>(a),(b)</sup> | 10/01/2024 <sup>(c)</sup> | 2831004 | 3401173 | 0.1% |
|  Pegasus WSJLL Fund, L.P.<sup>(a),(b)</sup> | 12/14/2021 <sup>(c)</sup> | 19416553 | 22404682 | 0.3% |
|  Pennantpark Senior Credit Fund Cayman Levered Feeder, LP | 06/29/2021 <sup>(c)</sup> | 9653067 | 8964847 | 0.1% |
|  Platinum Equity Imola Co-Investors Holdings, L.P.<sup>(a)</sup> | 03/31/2024 <sup>(c)</sup> | 2807276 | 2797818 | 0.0% |
|  Portobello Capital Fondo IV, FCR (Spain)<sup>(a),(b)</sup> | 12/29/2023 <sup>(c)</sup> | 4422758 | 7958476 | 0.1% |
|  Portobello Fondo III, FCR (Spain)<sup>(a),(b)</sup> | 12/29/2023 <sup>(c)</sup> | 4139581 | 4953535 | 0.1% |
|  Providence Equity Partners (Docente) S.C.SP.<br>(Luxembourg)<sup>(a),(b)</sup> | 06/25/2025 <sup>(c)</sup> | 33221622 | 35022755 | 0.5% |
|  Providence Equity Partners VI, L.P.<sup>(b)</sup> | 12/31/2014 <sup>(c)</sup> | 94585 | 1013 | 0.0% |
|  PSC III G, L.P. (United Kingdom)<sup>(a)</sup> | 04/04/2022 <sup>(c)</sup> | 5028199 | 4993242 | 0.1% |
|  QHP Sapphire SPV, L.P.<sup>(a),(b)</sup> | 12/08/2025 <sup>(c)</sup> | 70460871 | 87038790 | 1.3% |
|  RL Co-investor Aggregator L.P.<sup>(a),(b)</sup> | 05/16/2022 <sup>(c)</sup> | 12466581 | 9791740 | 0.2% |
|  Roark Capital Partners CF LP<sup>(a)</sup> | 08/26/2022 <sup>(c)</sup> | 18972793 | 30929187 | 0.5% |
|  Roark Capital Partners III LP<sup>(a)</sup> | 04/26/2024 <sup>(c)</sup> | 11315652 | 12434222 | 0.2% |
|  Roark Capital Partners IV LP<sup>(e)</sup> | 04/26/2024 <sup>(c)</sup> | 15959009 | 20410844 | 0.3% |
|  RREF I SPV, L.P.<sup>(a)</sup> | 05/13/2022 <sup>(c)</sup> | 2388123 | 5817732 | 0.1% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Secondary Private Investment Funds (continued)** |  |  |  |  |
|  Samson Brunello 2, L.P. | 02/19/2021 <sup>(c)</sup> | $96157 | $262528 | 0.0% |
|  Samson Hockey 2, L.P.<sup>(b)</sup> | 12/23/2020 <sup>(c)</sup> | 100541 | 227804 | 0.0% |
|  Samson Shield 2, L.P. | 12/23/2020 <sup>(c)</sup> | 446045 | 482127 | 0.0% |
|  SGP II CF Feeder, L.P.<sup>(a),(b)</sup> | 08/12/2022 <sup>(c)</sup> | 22227356 | 33651066 | 0.5% |
|  Silver Lake Partners V, L.P.<sup>(a)</sup> | 01/04/2022 <sup>(c)</sup> | 15049460 | 10929613 | 0.2% |
|  Silver Lake Partners V, L.P.<sup>(a)</sup> | 09/30/2024 <sup>(c)</sup> | 7906414 | 9006027 | 0.1% |
|  Silver Oak Services Fund IV, L.P.<sup>(e)</sup> | 04/07/2022 <sup>(c)</sup> | 5988990 | 6873490 | 0.1% |
|  Siris Partners II, L.P.<sup>(a),(b)</sup> | 04/01/2022 <sup>(c)</sup> | 434638 | 2757 | 0.0% |
|  Siris Partners III, L.P.<sup>(a),(b)</sup> | 04/07/2022 <sup>(c)</sup> | 5927214 | 2033036 | 0.0% |
|  Siris Partners III, L.P.<sup>(a),(b)</sup> | 04/01/2022 <sup>(c)</sup> | 2187694 | 762380 | 0.0% |
|  Siris Partners IV, L.P.<sup>(a),(b)</sup> | 04/01/2022 <sup>(c)</sup> | 3238710 | 2973108 | 0.0% |
|  Soho Square Partnership Capital Feeder Fund I S.C.Sp. (United<br>Kingdom)<sup>(a),(b)</sup> | 09/01/2021 <sup>(c)</sup> | 4677059 | 9537744 | 0.1% |
|  Solace Capital Special Situations Fund, L.P.<sup>(a),(b)</sup> | 08/06/2021 <sup>(c)</sup> | 8829195 | 14078915 | 0.2% |
|  Summit Partners Growth Equity Fund IX-A, L.P.<sup>(e)</sup> | 10/01/2024 <sup>(c)</sup> | 11145274 | 12178520 | 0.2% |
|  Tailwind Capital Partners III (Cayman), L.P.<sup>(a)</sup> | 06/30/2025 <sup>(c)</sup> | 12419716 | 14370906 | 0.2% |
|  Tene GPL Qnergy Limited Partnership (Israel)<sup>(b)</sup> | 12/09/2025 <sup>(c)</sup> | 2190240 | 1740630 | 0.0% |
|  The Baring Asia Private Equity Fund V, LP (Canada)<sup>(a),(b)</sup> | 12/31/2024 <sup>(c)</sup> | 1111998 | 701255 | 0.0% |
|  The Huron Fund V, LP<sup>(a),(b)</sup> | 03/31/2024 <sup>(c)</sup> | 6656358 | 6089248 | 0.1% |
|  The Veritas Capital Fund VIII, L.P.<sup>(a),(b)</sup> | 12/31/2024 <sup>(c)</sup> | 24340702 | 26800546 | 0.4% |
|  Thomas H. Lee Equity Fund VIII, L.P.<sup>(e)</sup> | 04/01/2022 <sup>(c)</sup> | 110648 | 97632 | 0.0% |
|  TiaraMed LP (Romania) | 10/15/2021 <sup>(c)</sup> | 0 | 135162 | 0.0% |
|  TowerBrook Investors IV (892), L.P.<sup>(a)</sup> | 01/02/2024 <sup>(c)</sup> | 7399598 | 286715 | 0.0% |
|  TowerBrook Investors V (892), L.P.<sup>(a)</sup> | 12/29/2023 <sup>(c)</sup> | 10876967 | 14557546 | 0.2% |
|  TPG Asia V, L.P.<sup>(a),(b)</sup> | 01/12/2022 <sup>(c)</sup> | 360939 | 218320 | 0.0% |
|  TPG Asia VI, L.P.<sup>(a)</sup> | 01/12/2022 <sup>(c)</sup> | 4140261 | 2248512 | 0.0% |
|  TPG Growth Gator GenPar II, L.P.<sup>(b)</sup> | 12/23/2019 <sup>(c)</sup> | 2267559 | 3214279 | 0.1% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Secondary Private Investment Funds (continued)** |  |  |  |  |
|  TPG Partners VI, L.P. | 10/31/2015 <sup>(c)</sup> | $347230 | $7009 | 0.0% |
|  TPG Partners VI, L.P.<sup>(e)</sup> | 01/12/2022 <sup>(c)</sup> | 25574 | 56135 | 0.0% |
|  TPG Partners VII, L.P.<sup>(b),(e)</sup> | 01/12/2022 <sup>(c)</sup> | 2761945 | 855204 | 0.0% |
|  TPG Partners VIII, L.P<sup>(e)</sup> | 01/12/2022 <sup>(c)</sup> | 5150158 | 5606032 | 0.1% |
|  Trilantic Capital Partners VI Parallel (North America) L.P.<sup>(a)</sup> | 03/31/2024 <sup>(c)</sup> | 6731447 | 6995886 | 0.1% |
|  Triton Fund 6 SCSP (Luxembourg)<sup>(a),(b)</sup> | 08/29/2025 <sup>(c)</sup> | 872335 | 1383840 | 0.0% |
|  Triton Fund IV, L.P. (Germany)<sup>(a)</sup> | 03/28/2024 <sup>(c)</sup> | 9191540 | 21309151 | 0.3% |
|  Triton Fund V, L.P. (Germany)<sup>(a),(b)</sup> | 03/28/2024 <sup>(c)</sup> | 38786326 | 49801228 | 0.8% |
|  VEPF IV Co-Invest 1A, L.P.<sup>(a),(b)</sup> | 09/30/2024 <sup>(c)</sup> | 16834791 | 31402602 | 0.5% |
|  VEPF IV Co-Invest 2-A, L.P.<sup>(a),(b)</sup> | 09/30/2024 <sup>(c)</sup> | 5571554 | 6070341 | 0.1% |
|  VEPF V Co-Invest 1-B, L.P.<sup>(a),(b)</sup> | 09/30/2024 <sup>(c)</sup> | 3431758 | 106459 | 0.0% |
|  VEPF V Co-Invest 2-B, L.P.<sup>(a),(b)</sup> | 09/30/2024 <sup>(c)</sup> | 1569252 | 2312828 | 0.0% |
|  Vista Equity Endeavor Fund III, L.P.<sup>(a),(b)</sup> | 08/30/2025 <sup>(c)</sup> | 3782 | 18283 | 0.0% |
|  Vista Equity Partners Fund III (Parallel), L.P.<sup>(a),(b)</sup> | 09/30/2024 <sup>(c)</sup> | 218662 | 20364 | 0.0% |
|  Vista Equity Partners Fund IV (Parallel), L.P.<sup>(a),(b)</sup> | 09/30/2024 <sup>(c)</sup> | 19081320 | 26128817 | 0.4% |
|  Vista Equity Partners Fund VI-A, L.P.<sup>(a),(b)</sup> | 09/30/2024 <sup>(c)</sup> | 7300823 | 6512099 | 0.1% |
|  Vista Equity Partners Fund VI-A, L.P.<sup>(a),(b)</sup> | 09/30/2024 <sup>(c)</sup> | 1517474 | 2196454 | 0.0% |
|  Vista Equity Partners Fund VII<sup>(a),(b)</sup> | 12/31/2024 <sup>(c)</sup> | 28174174 | 27875772 | 0.4% |
|  Vista Foundation Fund II-A, L.P.<sup>(a),(b)</sup> | 09/30/2024 <sup>(c)</sup> | 1106478 | 1383327 | 0.0% |
|  Vista Foundation Fund V-A, L.P.<sup>(a)</sup> | 08/27/2025 <sup>(c)</sup> | 2305663 | 2538573 | 0.0% |
|  Warburg Pincus Private Equity XII, L.P.<sup>(a)</sup> | 09/30/2021 <sup>(c)</sup> | 4345613 | 3036117 | 0.0% |
|  Warburg Pincus Private Equity XII, L.P.<sup>(b),(e)</sup> | 01/12/2022 <sup>(c)</sup> | 3460792 | 2582557 | 0.0% |
|  Warburg Pincus XII, L.P.<sup>(b),(e)</sup> | 12/30/2024 <sup>(c)</sup> | 11046970 | 12814503 | 0.2% |
|  Water Street Orion Fund Parallel, L.P.<sup>(a),(b)</sup> | 10/13/2021 <sup>(c)</sup> | 18139640 | 22847273 | 0.4% |
|  Webster IV, L.P.<sup>(a)</sup> | 06/30/2025 <sup>(c)</sup> | 8016314 | 11124877 | 0.2% |
|  West Street Global Infrastructure Partners III, L.P.<sup>(b),(e)</sup> | 04/21/2022 <sup>(c)</sup> | 9525972 | 9133840 | 0.1% |

---

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Initial**<br>**Acquisition**<br>**Date** | **Shares** | **Cost** | **Value** | **Percent of**<br>**Net**<br>**Assets<sup>(1)</sup>** |
|  **Secondary Private Investment Funds (continued)** |  |  |  |  |  |
|  West Street Infrastructure Partners IV (GSIP)<sup>(e)</sup> | 09/08/2022 | <sup>(c)</sup> | $1448446 | $1795463 | 0.0% |
|  Wynnchurch Capital Partners V, L.P.<sup>(a)</sup> | 12/29/2023 | <sup>(c)</sup> | 5851451 | 7729300 | 0.1% |
|  **Total Secondary Private Investment Funds** |  |  | **2449643785** | **2956588133** | **45.1%** |
|  **Common stock** |  |  |  |  |  |
|  Samsara Inc-CL A<sup>(a)</sup> |  | 32060 | 1405831 | 1136527 | 0.0% |
|  **Short-Term Investments** |  |  |  |  |  |
|  **Other Investment Companies** |  |  |  |  |  |
|  Dreyfus Institutional Preferred Government Money Market Fund, Institutional Class, 3.71%<sup>(2)</sup> |  | 750284119 | 750284119 | 750284119 | 11.5% |
|  **Total Investments** |  |  | **5395762613** | **6565189309** | **100.3%** |
|  Other Assets, less Liabilities |  |  |  | (18200101) | (0.3%) |
|  **Net Assets** |  |  |  | $**6546989208** | **100.0%** |

---

(a) Investment is held by AMG Pantheon Lead Fund, LLC (the "Lead Fund"), a wholly-owned subsidiary of
AMG Pantheon Master Fund, LLC (the "Master Fund").

(b) Non-income producing.

(c) Investment does not issue shares.

(d) The investment's value was determined using significant unobservable inputs.

(e) Investment is held by AMG Pantheon Subsidiary Fund, LLC (the "Corporate Subsidiary"), a
wholly-owned subsidiary of the Master Fund.

(1) The percentages of net assets presented within the Consolidated Schedule of Investments are rounded to one
decimal. Therefore, investments shown as 0.0% are less than 0.05% of net assets.

(2) Yield shown represents the December 31, 2025, seven-day average
yield, which refers to the sum of the previous seven days' dividends paid, expressed as an annual percentage.

------

AMG Pantheon Master Fund, LLC

Consolidated Schedule of Investments (continued)

The country allocation in the Consolidated Schedule of Investments at December 31, 2025, was as follows:

---

| | |
|:---|:---|
| **Country** | **% of Total**<br>**Investments** |
|  Australia | 1.1 |
|  Belgium | 0.3 |
|  Brazil | 0.2 |
|  Canada | 1.2 |
|  Denmark | 0.3 |
|  Finland | 0.5 |
|  France | 1.2 |
|  Germany | 4.8 |
|  India | 0.3 |
|  Ireland | 0.5 |
|  Israel | 0.1 |
|  Italy | 0.7 |
|  Luxembourg | 3.6 |
|  Netherlands | 1.4 |
|  Norway | 0.8 |
|  People's Republic of China | 1 |
|  Romania | 0 |
|  Spain | 0.5 |
|  Sweden | 2.7 |
|  Switzerland | 0.5 |
|  United Kingdom | 5.9 |
|  United States of America | 72.4 |
|  | 100 |

---

------

AMG Pantheon Master Fund, LLC

Notes to Consolidated Schedule of Investments

December 31, 2025 (unaudited)

The following table summarizes the inputs used to value the Master Fund's investments by the fair value hierarchy levels as of December 31, 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Investments**<br>**Valued at**<br>**NAV** | **Total** |
|  Investments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Co-Investments |  |  | $301088449 | $2054171623 | $2355260072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Primary Private Investment Funds |  |  | 10205470 | 491714988 | 501920458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Secondary Private Investment Funds |  |  |  | 2956588133 | 2956588133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock | $1136527 |  |  |  | 1136527 |
|  Short-Term Investments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Investment Companies | 750284119 |  |  |  | 750284119 |
|  Total Investments | $751420646 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $311293919 | $5502474744 | $6565189309 |

---

The reconciliation of Level 3 investments is presented when the Master Fund had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Co-Investments** | **Primary Private**<br>**Investment**<br>**Funds** | **Secondary**<br>**Private**<br>**Investment**<br>**Funds** | **Total** |
|  Balance as of March 31, 2025 | $274401910 | $10307984 | $– $| 284709894 |
|  Purchases | 2718926 | 126044 | – | 2844970 |
|  Sales & Distributions | (422623) | (1387054) | – | (1809677) |
|  Transfers into Level 3 |  |  | – |  |
|  Transfers out of Level 3 |  |  | – |  |
|  Net realized gain | 106120 | 394784 | – | 500904 |
|  Net change in unrealized appreciation/depreciation | 24284116 | 763712 | – | 25047828 |
|  Balance as of December 31, 2025 | $301088449 | $10205470 | $– $| 311293919 |
|  Net change in unrealized appreciation/depreciation on investments held at December 31, 2025 | $24284116 | $763712 | $– $| 25047828 |

---

------

AMG Pantheon Master Fund, LLC

Notes to Consolidated Schedule of Investments (continued)

The following table summarizes the quantitative inputs and assumptions used for items categorized in Level 3 of the fair value hierarchy as of December 31, 2025. The table below is not intended to be all inclusive, but rather provides information on the significant Level 3 inputs as they relate to the Master Fund's fair value measurements:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Quantitative Information about Level 3 Fair Value Measurements** | **Quantitative Information about Level 3 Fair Value Measurements** | **Quantitative Information about Level 3 Fair Value Measurements** | **Quantitative Information about Level 3 Fair Value Measurements** | **Quantitative Information about Level 3 Fair Value Measurements** | |
|  | **Fair Value as of**<br>**December 31,**<br>**2025** | **Valuation**<br>**Technique(s)** | **Unobservable**<br>**Input(s)** | **Range** | **Average** |<br>**Impact to**<br>**Valuation**<br>**from an**<br>**Increase in**<br>**Input <sup>(a)</sup>** |
|  Co-Investments | $10304578 | Recent Round of<br>Financing/Option<br>Pricing Model | Recent round of<br>financing/<br> expected sale <br> Term<br>Volatility | N/A <br> 2.50-3.50<br>50.0%-60.0% | N/A <br> 3.25<br>55.89% | Increase <br> Decrease<br>Decrease |
|  Co-Investments | <br> 6094615<br>259664581 | Market<br>Comparables | Public Company<br> Multiples: <br> Revenue<br>EBITDA | <br> 5.13x-12.5x<br>8.5x-28.0x | <br> 11.04x<br>14.84x | <br> Increase<br>Increase |
|  Co-Investments | 852386 <br> 10044771 | Guideline<br>Transaction<br>Multiples | Revenue <br> EBITDA | 10.14x-10.14x <br> 9.00x-11.83x | 10.14x <br> 10.87x | Increase <br> Increase |
|  Co-Investments | 14127518 | Discounted<br> Cash Flows | Discount Rate <br> Terminal Value<br>Terminal Growth<br>Rate | 9.0%-16.75% <br> 15.50x-16.50x<br>5.26%-6.44% | 14.68% <br> 15.61x<br>5.39% | Decrease <br> Increase<br>Increase |
|  Primary Private Investment Funds | 10205470 | Discounted Cash<br>Flows | Discount Rate | 9.0%-9.0% | 9.0% | Decrease |
|  Total | $311293919 |  |  |  |  |  |

---

<sup>(a)</sup> Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end. 

EBITDA Earnings before interest, taxes, depreciation and amortization

------

AMG Pantheon Master Fund, LLC

Notes to Consolidated Schedule of Investments (continued)

**FAIR VALUE MEASUREMENTS** 

Equity securities traded on a domestic or international securities exchange are valued at the last quoted sale price, or, lacking any sales, at the last quoted bid price. Equity securities traded on an international securities exchange and equity securities traded on NASDAQ or in a U.S. or non-U.S. over-the-counter market are valued at the market's official closing price, or, if there are no trades on the applicable date, at the last quoted bid price. In addition, if the applicable market does not offer an official closing price or if the official closing price is not representative of the overall market, equity securities traded on an international securities exchange and equity securities traded in a non-U.S. over-the-counter market are valued at the last quoted sales price. The Master Fund's listed equity investments are generally valued based on independent market quotations or prices or, if none, "evaluative" or other market based valuations provided by third-party pricing services.

Short-term debt obligations (debt obligations with maturities of one year or less at the time of issuance) that have 60 days or less remaining until maturity will be valued at amortized cost, provided that the amortized cost value is approximately the same as the fair value of the security valued without the use of amortized cost. Investments in other open-end registered investment companies are valued at their end of day net asset value per share.

For direct investments and certain co-investments in portfolio companies, the Master Fund primarily uses the market or income approach to estimate the fair value of private investments. The market approach utilizes prices and other relevant information generated by market transactions, type of security, size of the position, degree of liquidity, restrictions on the disposition, latest round of financing data, current financial position and operating results, among other factors.

Private equity investments, including primary and secondary investments in private equity, infrastructure and other private asset funds ("Investment Funds") and certain co-investments are generally based on the valuations provided by the general partners or managers of underlying fund investments as of the date investments are valued. If a valuation provided by general partners or managers of the underlying fund investments is not available as of the date investments are valued, the Master Fund will value the Investment Fund or co-investment using the latest valuation provided by the general partners or managers of the underlying fund investments adjusted for transaction and market activity, if applicable. Additionally, the Master Fund may utilize independent valuation firms to provide third-party valuation consulting services. The valuations provided by the general partners or managers typically reflect the fair value of the Master Fund's capital account balance of each Investment Fund, including unrealized gains and losses, as reported in the financial reports or statements of the respective Investment Fund. The Valuation Committee of the Investment Manager reviews the capital account balances and may adjust the value of each Master Fund investment.

The values assigned to investments that are fair valued are based on available information and do not necessarily represent amounts that might ultimately be realized in the future, since such

------

AMG Pantheon Master Fund, LLC

Notes to Consolidated Schedule of Investments (continued)

amounts depend on future developments inherent in long-term investments. Because of the inherent uncertainty of valuation, those estimated values may differ significantly from the values that would have been used had a ready market for the investments existed, and the differences could be material. The Board is presented with monthly reports summarizing fair value activity and quarterly reports summarizing fair value activity, material fair value matters that occurred during the quarter and outstanding securities fair valued by the Master Fund. Additionally, the Board is presented with an annual report that assesses the adequacy and effectiveness of the Investment Manager's process for determining the fair value of the Master Fund's investments.

Accounting principles generally accepted in the United States of America ("U.S. GAAP") defines fair value as the price that a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Master Fund. Unobservable inputs reflect the Master Fund's own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation.

The three-tier hierarchy of inputs is summarized below:

Level 1 – inputs are quoted prices in active markets for identical investments (e.g., listed equity securities, open-end investment companies)

Level 2 – other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market corroborated inputs) (e.g., debt securities, government securities, foreign currency exchange contracts, foreign securities utilizing international fair value pricing, broker-quoted securities, fair valued securities with observable inputs)

Level 3 – inputs are significant unobservable inputs (including the Master Fund's own assumptions used to determine the fair value of investments) (e.g., fair valued securities with unobservable inputs)

Changes in inputs or methodologies used for valuing investments may result in a transfer in or out of levels within the fair value hierarchy. The inputs or methodologies used for valuing

------

AMG Pantheon Master Fund, LLC

Notes to Consolidated Schedule of Investments (continued)

investments may not necessarily be an indication of the risk associated with investing in those investments.

**INVESTMENTS IN PRIVATE EQUITY AND INVESTMENT FUNDS** 

Private equity investments are typically made in non-public companies through privately negotiated transactions. Private equity investments may be structured using a range of financial instruments, including common and preferred equity, convertible securities, subordinated debt and warrants or other derivatives.

Investment Funds, often organized as limited partnerships, are the most common vehicles for making private equity investments. In such Investment Funds, investors usually commit to provide up to a certain amount of capital when requested by the Investment Fund's manager or general partner. The general partner then makes private equity investments on behalf of the Investment Fund. The Investment Fund's investments are usually realized, or "exited", after a three- to seven-year holding period through a private sale, an initial public offering (IPO) or a recapitalization. Proceeds of such exits are then distributed to the Investment Fund's investors. The Investment Funds themselves typically have a term of ten to twelve years. The Investment Funds in which the Master Fund invests may charge a management fee of 1.00% - 2.00% and approximately 20% of net profits as a carried interest allocation, subject to a preferred return and a claw back. Detailed information about the Investment Funds' portfolios is not publicly available.

Some of the investments that the Investment Manager will consider with respect to the Master Fund include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Primary Private Investment Funds: Primary investments (primaries) are interests or investments in newly
established Investment Funds that are typically acquired by way of subscription during their fundraising period. Primary investors subscribe for interests during an initial fundraising period, and their capital commitments are then used to fund
investments in a number of individual operating companies during a defined investment period. The investments of the fund are usually unknown at the time of commitment, and investors typically have little or no ability to influence the investments
that are made during the fund's life.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Secondary Private Investment Funds: Secondary investments (secondaries) are interests in existing private equity
funds that are typically acquired from existing investors in such Investment Funds in privately negotiated transactions, typically after the end of the private equity fund's fundraising period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Direct Investments/Co-Investments: Direct investments involve acquiring
(directly or indirectly) an interest in securities issued by an operating company. Co-investments represent opportunities to separately invest in specific portfolio companies that are otherwise represented in
an Investment Fund. Such

------

AMG Pantheon Master Fund, LLC

Notes to Consolidated Schedule of Investments (continued)

investments are typically made as co-investments alongside Investment Funds, and are usually structured such that the lead investor holds a controlling interest. Co-investments are typically offered to Investment Fund investors when the Investment Fund manager believes that there is an attractive investment for the Investment Fund but the total size of the potential holding exceeds the targeted size for the Investment Fund. Direct investments and co-investments, unlike investments in Investment Funds, generally do not bear an additional layer of fees and bear significantly reduced fees.

A listing of the Co-Investments, Primary Private Investment Funds and Secondary Private Investment Funds held by the Master Fund and their attributes, as of December 31, 2025, is shown in the table below.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment Category** | **Fair Value** | **Unfunded**<br>**Commitments\*** | **Remaining**<br>**life\*\*** | **Redemption**<br>**frequency** | **Notice**<br>**(In days)** | **Redemption**<br>**Restrictions** |
|  Buyout <sup>(a)</sup> | $4735459718 | $1130338214 | 1-10 years | Not Redeemable | N/A | N/A |
|  Growth Equity <sup>(b)</sup> | 512120390 | 266639374 | 1-10 years | Not Redeemable | N/A | N/A |
|  Infrastructure <sup>(c)</sup> | 253859735 | 14763322 | 4-13 years | Not Redeemable | N/A | N/A |
|  Private Debt <sup>(d)</sup> | 100211713 | 7123288 | 1-9 years | Not Redeemable | N/A | N/A |
|  Real Assets <sup>(e)</sup> | 13350030 | 2210031 | 4-8 years | Not Redeemable | N/A | N/A |
|  Special Situations <sup>(f)</sup> | 46403966 | 42054570 | 1-7 years | Not Redeemable | N/A | N/A |
|  Venture <sup>(g)</sup> | 152363111 | 41839947 | 4-12 years | Not Redeemable | N/A | N/A |
|  Total | $5813768663 | $1504968746 |  |  |  |  |

---

<sup>(a)</sup> Funds that acquire controlling interests in companies with a view towards later selling those companies or taking them public.

<sup>(b)</sup> Funds that invest in later-stage, pre-IPO companies.

<sup>(c)</sup> Funds that generally invest in long-term assets that provide stable cash flows with growth initiatives.

<sup>(d)</sup> Funds that invest in senior secured lending, mezzanine financing, as well as more opportunistic debt strategies such as distressed for control.

<sup>(e)</sup> Private equity funds that invest in target investments in infrastructure, renewables & energy infrastructure, natural resources, and asset-backed strategies.

<sup>(f)</sup> Particular circumstances that influence investment based on the situation, rather than its underlying fundamentals. (g) Investments in new and emerging companies are usually classified as venture capital.

\* As of the period ended December 31, 2025, the unfunded commitment amounts include unfunded commitments for three Primary Investment Funds in the Buyout investment category of $190,000,000, two Primary Investment Funds in the Growth Equity investment category of $89,500,000, and one Secondary Investment Fund in the Buyout investment category of $1,232,700. The effective dates of the first capital calls are still to be determined. 

------

AMG Pantheon Master Fund, LLC

Notes to Consolidated Schedule of Investments (continued)

\*\* Co-Investments do not have contractual lives and generally terminate after the underlying investment is sold. Years shown above are reflective of the remaining lives of Primary Private Investment Funds and Secondary Private Investment Funds.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AMG Pantheon Master Fund, LLC

- **b. Investment Company Act file number:** 811-22972

- **c. CIK number of Registrant:** 0001609212

- **d. LEI of Registrant:** 5493005VLS1G1FKDZC59

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 680 Washington Blvd.

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

  - **Telephone number:** 2032993500

**Item A.2. Information about the Series.**

- **a. Name of Series:** AMG Pantheon Master Fund, LLC

- **c. LEI of Series:** N/A

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $6587575379.17

**Total Liabilities:** $40586171.50

**Net Assets:** $6546989207.67

**Cash Not Reported:** $17870698.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C001701101 | -0.79%               | 0.43%                | 1.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16667774.98             | $-68555347.08                              |
| Month 2  | $32119735.35             | $-8004596.29                               |
| Month 3  | $42326638.33             | $40329379.82                               |

### Schedule of Portfolio Investments

| Name                                                                  | Title                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GGV (ET) LLC                                                          | GGV (ET) LLC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3250108.00   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Five Arrows Galliera Co-Invest Fund SCSp                              | Five Arrows Galliera Co-Invest Fund SCSp                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | FR        |         0 | OU      | $22295731.76  | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RL Co-investor Aggregator L.P.                                        | RL Co-investor Aggregator L.P.                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $9791740.11   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Roark Capital Partners CF LP                                          | Roark Capital Partners CF LP                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $30929187.39  | 0.47%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Triton Fund III, L.P.                                                 | Triton Fund III, L.P.                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | FR        |         0 | OU      | $0.04         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Triton Fund IV, L.P.                                                  | Triton Fund IV, L.P.                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | DE        |         0 | OU      | $21309150.52  | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Triton Fund V, L.P.                                                   | Triton Fund V, L.P.                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | DE        |         0 | OU      | $49801228.49  | 0.76%             |  |  |  | Yes           |                  3 | On Loan: No      |
| American Industrial Partners Fund VIII                                | American Industrial Partners Fund VIII                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $16538707.38  | 0.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KKR Gameday Co-Invest L.P.                                            | KKR Gameday Co-Invest L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $41985710.05  | 0.64%             |  |  |  | Yes           |                  3 | On Loan: No      |
| A9 EUR (Feeder) L.P.                                                  | A9 EUR (Feeder) L.P.                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | FR        |         0 | OU      | $3811661.50   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apollo Overseas Partners IX, L.P.                                     | Apollo Overseas Partners IX, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $8390328.58   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Astorg CF II (GP)                                                     | Astorg CF II (GP)                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | NL        |         0 | OU      | $26284559.64  | 0.40%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Balderton Capital V, L.P.                                             | Balderton Capital V, L.P.                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $8436043.41   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Blackstone Capital Partners VIII L.P.                                 | Blackstone Capital Partners VIII L.P.                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $27739822.95  | 0.42%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Blackstone Energy Partners II L.P.                                    | Blackstone Energy Partners II L.P.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5892743.03   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Brentwood Associates Private Equity V, L.P.                           | Brentwood Associates Private Equity V, L.P.                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $16709197.66  | 0.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CenterGate Capital Partners I, L.P.                                   | CenterGate Capital Partners I, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1091389.42   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Charlesbank Equity Fund VII, Limited Partnership                      | Charlesbank Equity Fund VII, Limited Partnership                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $521.00       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Charlesbank Equity Fund VIII, Limited Partnership                     | Charlesbank Equity Fund VIII, Limited Partnership                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1097012.45   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Charlesbank Equity Fund IX Overage Program                            | Charlesbank Equity Fund IX Overage Program                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $747012.31    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Charlesbank Equity Fund IX, Limited Partnership                       | Charlesbank Equity Fund IX, Limited Partnership                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2508608.42   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DW Healthcare Partners III, L.P.                                      | DW Healthcare Partners III, L.P.                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $120560.79    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DW Healthcare Partners IV, L.P.                                       | DW Healthcare Partners IV, L.P.                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1474153.28   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DW Healthcare Partners V, L.P.                                        | DW Healthcare Partners V, L.P.                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6357895.55   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DW Healthcare Partners Small Cap, L.P.                                | DW Healthcare Partners Small Cap, L.P.                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1039283.03   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Providence Equity Partners VI, L.P.                                   | Providence Equity Partners VI, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1013.32      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Francisco Partners III, L.P.                                          | Francisco Partners III, L.P.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $52069.93     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WP-LH Co-Invest, L.P.                                                 | WP-LH Co-Invest, L.P.                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $342682.32    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| T-VI Co-Invest-A LP                                                   | T-VI Co-Invest-A LP                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Quantum Parallel Partners VI-C(A), LP                                 | Quantum Parallel Partners VI-C(A), LP                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $89098.81     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Partners VI, L.P.                                                 | TPG Partners VI, L.P.                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $7008.87      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Calera Capital Partners V L.P.                                        | Calera Capital Partners V L.P.                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $60475.04     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PSG LM Co-Investors L.P.                                              | PSG LM Co-Investors L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $573755.46    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CB Ignite Holdings, LLC                                               | CB Ignite Holdings, LLC                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2117366.28   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GSO Capital Opportunities Fund III, L.P.                              | GSO Capital Opportunities Fund III, L.P.                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $231301.81    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TKC Co-Investment, LLC                                                | TKC Co-Investment, LLC                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1353299.50   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ESCP PPG Holdings, LLC                                                | ESCP PPG Holdings, LLC                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Diamond LS I LP                                                       | Diamond LS I LP                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1681643.52   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TVG-I-E-AEG Holdings                                                  | TVG-I-E-AEG Holdings                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1451321.72   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EQT Deck Co-Investment Limited Partnership                            | EQT Deck Co-Investment Limited Partnership                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Incline Aviation I                                                    | Incline Aviation I                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $791150.30    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ares Corporate Opportunities Fund IV, L.P.                            | Ares Corporate Opportunities Fund IV, L.P.                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $270138.67    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LEP Prelude Co-Invest, L.P.                                           | LEP Prelude Co-Invest, L.P.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3350408.76   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SDA Investors Group, LLC                                              | SDA Investors Group, LLC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3410830.25   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SYFS Co-INVEST, LLC                                                   | SYFS Co-INVEST, LLC                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $68040.42     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BroadRiver III, L.P.                                                  | BroadRiver III, L.P.                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2398839.94   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG VII Renown Co-Invest I, L.P.                                      | TPG VII Renown Co-Invest I, L.P.                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $4946.23      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Trident VII Co-Invest - A LP                                          | Trident VII Co-Invest - A LP                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6465980.47   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Incline B Aviation Aladdin Co-Investment Limited Partnership          | Incline B Aviation Aladdin Co-Investment Limited Partnership          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3143027.54   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| H&F FLASHDANCE PARTNERS II, L.P.                                      | H&F FLASHDANCE PARTNERS II, L.P.                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1129410.16   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| JP Co-Invest, LLC                                                     | JP Co-Invest, LLC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $15644.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| APH CUBS Co-invest LP                                                 | APH CUBS Co-invest LP                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6503355.24   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TCP DJR Co-Invest Feeder, L.P.                                        | TCP DJR Co-Invest Feeder, L.P.                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2099221.00   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Roark Capital Partners II Sidecar LP                                  | Roark Capital Partners II Sidecar LP                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $8859764.68   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apax France VIII-A FCPR                                               | Apax France VIII-A FCPR                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | FR        |         0 | OU      | $20371.37     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Clarinet Co-Invest, LP                                            | TPG Clarinet Co-Invest, LP                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | AU        |         0 | OU      | $7921122.05   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hg Spider Co-Invest L.P.                                              | Hg Spider Co-Invest L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Aztiq Fund I SCSp                                                     | Aztiq Fund I SCSp                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5033352.14   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hg Vivaldi 2 Co-Invest L.P.                                           | Hg Vivaldi 2 Co-Invest L.P.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | NO        |         0 | OU      | $8836745.02   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight RF Holdings, LLC                                              | Insight RF Holdings, LLC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $76851.89     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RCP Artemis Co-Invest LP                                              | RCP Artemis Co-Invest LP                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $21838227.80  | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hellman & Friedman Capital Partners VII, L.P.                         | Hellman & Friedman Capital Partners VII, L.P.                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $41697.40     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PAI Strategic Partnerships SCSp                                       | PAI Strategic Partnerships SCSp                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $807377.96    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vistria AP Investment LLC                                             | Vistria AP Investment LLC                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6633940.63   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WP Triton Investment, L.P.                                            | WP Triton Investment, L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $376.59       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Growth Gator GenPar II, L.P.                                      | TPG Growth Gator GenPar II, L.P.                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3214279.37   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Venture Partners IX, L.P.                                     | Insight Venture Partners IX, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $4151999.36   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| 3i Venice SCSp                                                        | 3i Venice SCSp                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $23995695.42  | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Armis Investors Holdings, L.P.                                        | Armis Investors Holdings, L.P.                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $8421710.48   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Allegro Private Equity Fund II, L.P.                                  | Allegro Private Equity Fund II, L.P.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | AU        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Incline A Aviation Co-Investment Fund                                 | Incline A Aviation Co-Investment Fund                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1532.28      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Idinvest Growth Secondary SLP                                         | Idinvest Growth Secondary SLP                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | FR        |         0 | OU      | $3399371.37   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Logan Co-Invest, L.P.                                                 | Logan Co-Invest, L.P.                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1561614.19   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ocean Alliance III, L.P.                                              | Ocean Alliance III, L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | CN        |         0 | OU      | $3417450.22   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| H&F Arrow 2, L.P.                                                     | H&F Arrow 2, L.P.                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $352917.83    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hg Secular Co-Invest L.P.                                             | Hg Secular Co-Invest L.P.                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3956647.08   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Medicxi Secondary I, L.P.                                             | Medicxi Secondary I, L.P.                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $10979096.21  | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Antin Infrastructure Partners III-B SCSp                              | Antin Infrastructure Partners III-B SCSp                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | ES        |         0 | OU      | $4186105.03   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CapVest Strategic Opportunities 2 SCSp                                | CapVest Strategic Opportunities 2 SCSp                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $9957477.18   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Alpine Investors TEAM CV Feeder, LLC                                  | Alpine Investors TEAM CV Feeder, LLC                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $10211430.72  | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CBPE Capital Fund IX B, L.P.                                          | CBPE Capital Fund IX B, L.P.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $3099854.10   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| APIA OPUS FPCI                                                        | APIA OPUS FPCI                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | FR        |         0 | OU      | $5946695.54   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hygee International SARL                                              | Hygee International SARL                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | FR        |         0 | OU      | $8582952.01   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Samson Shield 2, L.P.                                                 | Samson Shield 2, L.P.                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $482126.86    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| JLL Partners Fund VII, L.P.                                           | JLL Partners Fund VII, L.P.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $8045676.18   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| K4 Private Investors, L.P.                                            | K4 Private Investors, L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $7342788.34   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Pegasus Partners V, L.P.                                              | Pegasus Partners V, L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3401173.41   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Summit Partners Growth Equity Fund IX-A, L.P.                         | Summit Partners Growth Equity Fund IX-A, L.P.                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $12178520.40  | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CD&R Raven Co-Investor, L.P.                                          | CD&R Raven Co-Investor, L.P.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $15738890.52  | 0.24%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BPE 3 Unternehmensbeteiligungen GmbH & Co. KG                         | BPE 3 Unternehmensbeteiligungen GmbH & Co. KG                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | DE        |         0 | OU      | $1509754.51   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DW Healthcare Partners MLG CV, L.P.                                   | DW Healthcare Partners MLG CV, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1162130.25   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PSC Leto LP Kirkland                                                  | PSC Leto LP Kirkland                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | NL        |         0 | OU      | $19399121.54  | 0.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Providence IX Maverick Co-Investment L.P.                             | Providence IX Maverick Co-Investment L.P.                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $27997396.50  | 0.43%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Project Second Co-Invest Fund, L.P.                                   | Project Second Co-Invest Fund, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $54267889.06  | 0.83%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vista Foundation Fund V-A, L.P.                                       | Vista Foundation Fund V-A, L.P.                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2538572.76   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Greenbriar CoInvestment WSA, L.P.                                     | Greenbriar CoInvestment WSA, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $23417708.46  | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Venture Partners IX, L.P.                                     | Insight Venture Partners IX, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $12621940.97  | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Venture Partners VII, L.P.                                    | Insight Venture Partners VII, L.P.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1375918.47   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Venture Partners VIII, L.P.                                   | Insight Venture Partners VIII, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6238584.57   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Venture Partners X, L.P.                                      | Insight Venture Partners X, L.P.                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $20487225.16  | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ABRY Partners VIII, L.P.                                              | ABRY Partners VIII, L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $215756.74    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ABRY Partners IX, L.P.                                                | ABRY Partners IX, L.P.                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2095016.84   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ABRY Heritage Partners, L.P.                                          | ABRY Heritage Partners, L.P.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $235978.40    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ABRY Senior Equity III, L.P.                                          | ABRY Senior Equity III, L.P.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Olive Investments Limited                                             | Olive Investments Limited                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $14608146.32  | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Berkshire Fund IX, L.P.                                               | Berkshire Fund IX, L.P.                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $7230299.97   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Water Street Orion Fund Parallel, L.P.                                | Water Street Orion Fund Parallel, L.P.                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $22847273.02  | 0.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GIP Aquarius Fund, SCSp                                               | GIP Aquarius Fund, SCSp                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | BR        |         0 | OU      | $15433955.72  | 0.24%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Berkshire Fund X-A, L.P.                                              | Berkshire Fund X-A, L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2648617.51   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Onex ISO Co-Invest LP                                                 | Onex ISO Co-Invest LP                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $31964717.79  | 0.49%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TiaraMed LP                                                           | TiaraMed LP                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | RO        |         0 | OU      | $135162.16    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| North Haven Capital Partners CV-A LP                                  | North Haven Capital Partners CV-A LP                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $20225349.54  | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CD&R Value Building Partners I, L.P.                                  | CD&R Value Building Partners I, L.P.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $47468419.52  | 0.73%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SignalFire Opportunities Fund, L.P. - Series 11                       | SignalFire Opportunities Fund, L.P. - Series 11                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $4981679.09   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DETZ Co-Investment Aggregator, L.P.                                   | DETZ Co-Investment Aggregator, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $37510780.69  | 0.57%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SKCP V Sirona Co-Invest, L.P.                                         | SKCP V Sirona Co-Invest, L.P.                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | FR        |         0 | OU      | $8218021.84   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HGGC Fund IV-A, L.P.                                                  | HGGC Fund IV-A, L.P.                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $22772987.95  | 0.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Pegasus WSJLL Fund, L.P.                                              | Pegasus WSJLL Fund, L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $22404682.48  | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BC Partners Aqua Co-Investment LP                                     | BC Partners Aqua Co-Investment LP                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | DE        |         0 | OU      | $9379777.32   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Silver Lake Partners V, L.P.                                          | Silver Lake Partners V, L.P.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $10929613.43  | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Ventures Partners (Cayman) X, L.P.                            | Insight Ventures Partners (Cayman) X, L.P.                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $11423320.21  | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SignalFire Breakout Fund III, L.P.                                    | SignalFire Breakout Fund III, L.P.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $11004163.01  | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SignalFire Fund IV, L.P.                                              | SignalFire Fund IV, L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $4623163.91   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Asia VI, L.P.                                                     | TPG Asia VI, L.P.                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2248511.63   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Partners VIII, L.P                                                | TPG Partners VIII, L.P                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5606031.74   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Warburg Pincus Private Equity XII, L.P.                               | Warburg Pincus Private Equity XII, L.P.                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2582557.01   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ACON Equity Partners 3.5, L.P.                                        | ACON Equity Partners 3.5, L.P.                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1623274.51   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ACP Accelerant Co-Invest, LLC                                         | ACP Accelerant Co-Invest, LLC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $29424906.98  | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ACON Equity Partners IV, L.P.                                         | ACON Equity Partners IV, L.P.                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3982900.35   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Growth V Amplifier CI, L.P.                                       | TPG Growth V Amplifier CI, L.P.                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $33986994.99  | 0.52%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BC European Capital XI                                                | BC European Capital XI                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $22445747.48  | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RL Co-investor Aggregator II L.P.                                     | RL Co-investor Aggregator II L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $20655574.07  | 0.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PSG Encore-A L.P.                                                     | PSG Encore-A L.P.                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $21798219.23  | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| APIA DINO FPCI                                                        | APIA DINO FPCI                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | NL        |         0 | OU      | $15044796.60  | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Nordic Capital CF1 Alpha, L.P.                                        | Nordic Capital CF1 Alpha, L.P.                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | NO        |         0 | OU      | $24359429.33  | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Coronet Cyber Security Ltd.                                           | Coronet Cyber Security Ltd.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | IL        |         0 | OU      | $4377438.97   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NEA 18 Venture Growth Equity, L.P.                                    | NEA 18 Venture Growth Equity, L.P.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $13278062.21  | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| New Enterprise Associates 18, L.P.                                    | New Enterprise Associates 18, L.P.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $9024244.23   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| H.I.G. TMC Co-Investors, L.P.                                         | H.I.G. TMC Co-Investors, L.P.                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $22283802.21  | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Valeas Capital Partners I-A LP                                        | Valeas Capital Partners I-A LP                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $22463222.89  | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Forbion Capital Fund VI                                               | Forbion Capital Fund VI                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | NL        |         0 | OU      | $6003005.49   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Venture Partners XI, L.P.                                     | Insight Venture Partners XI, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $29559143.69  | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Project Alpine Co-Invest Fund, L.P.                                   | Project Alpine Co-Invest Fund, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $45740471.19  | 0.70%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CIVC SIB CF, L.P.                                                     | CIVC SIB CF, L.P.                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | CA        |         0 | OU      | $41523545.18  | 0.63%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Clearview Capital Fund III, L.P.                                      | Clearview Capital Fund III, L.P.                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1793659.57   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Clearview Capital Fund IV, L.P.                                       | Clearview Capital Fund IV, L.P.                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $7183651.23   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Clearview Capital Mezzanine Fund I, L.P.                              | Clearview Capital Mezzanine Fund I, L.P.                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $472586.67    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Clearview Capital Fund V, L.P.                                        | Clearview Capital Fund V, L.P.                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $745969.48    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Craft Ventures Growth II, L.P.                                        | Craft Ventures Growth II, L.P.                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $8423194.04   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Five Arrows North Star FAPI IV Co-Invest SCSp SICAV-RAIF              | Five Arrows North Star FAPI IV Co-Invest SCSp SICAV-RAIF              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $41582080.96  | 0.64%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HIG Middle Market LBO Fund IV, L.P.                                   | HIG Middle Market LBO Fund IV, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6328155.69   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GHO Capital Vanquish LP                                               | GHO Capital Vanquish LP                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $34384876.87  | 0.53%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Accel Leaders Fund IV, L.P.                                           | Accel Leaders Fund IV, L.P.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $16498333.33  | 0.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ACP Investment Fund II, L.P.                                          | ACP Investment Fund II, L.P.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5225207.17   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Altamont Capital Partners III, L.P.                                   | Altamont Capital Partners III, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $62854737.83  | 0.96%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oakley Capital Guinness B1 SCSp                                       | Oakley Capital Guinness B1 SCSp                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | DE        |         0 | OU      | $65062592.49  | 0.99%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Five Arrows Spark 2023 FAPI III Co-Invest SCSp                        | Five Arrows Spark 2023 FAPI III Co-Invest SCSp                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $19420574.59  | 0.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hockey Parent Holdings, L.P.                                          | Hockey Parent Holdings, L.P.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $47170281.32  | 0.72%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SK Capital Partners VI                                                | SK Capital Partners VI                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $7071498.63   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hadron Holdings                                                       | Hadron Holdings                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $24445662.77  | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Alpine Investors Apex CV-A, LP                                        | Alpine Investors Apex CV-A, LP                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $86879806.24  | 1.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BC Partners Clay Co-Investment LP                                     | BC Partners Clay Co-Investment LP                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | DE        |         0 | OU      | $35282027.03  | 0.54%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KKR Cavalry Co-Invest L.P.                                            | KKR Cavalry Co-Invest L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $15936219.61  | 0.24%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Verdane P Co-Invest AB                                                | Verdane P Co-Invest AB                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | NO        |         0 | OU      | $3303319.19   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SignalFire Opportunities Fund, L.P. - Series 14                       | SignalFire Opportunities Fund, L.P. - Series 14                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3680991.12   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KKR Mezzanine Partners I L.P.                                         | KKR Mezzanine Partners I L.P.                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $83661.47     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Berkshire Fund IX Coinvestment Fund L.P.                              | Berkshire Fund IX Coinvestment Fund L.P.                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3725922.49   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Altor Fund III (No. 2) Limited Partnership                            | Altor Fund III (No. 2) Limited Partnership                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | SE        |         0 | OU      | $336550.52    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Altor Fund IV (No. 1) AB                                              | Altor Fund IV (No. 1) AB                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | SE        |         0 | OU      | $2391305.72   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SGP II CF Feeder, L.P.                                                | SGP II CF Feeder, L.P.                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $33651065.98  | 0.51%             |  |  |  | Yes           |                  3 | On Loan: No      |
| STAIRWAY HOLDINGS CO-INVEST, LP                                       | STAIRWAY HOLDINGS CO-INVEST, LP                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $37422017.54  | 0.57%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Linden Opportunities Fund, L.P.                                       | Linden Opportunities Fund, L.P.                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $30623603.08  | 0.47%             |  |  |  | Yes           |                  3 | On Loan: No      |
| West Street Infrastructure Partners IV (GSIP)                         | West Street Infrastructure Partners IV (GSIP)                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1795463.34   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DPE Continuation Fund I geschlossene Spezial-Investment GmbH & Co. KG | DPE Continuation Fund I geschlossene Spezial-Investment GmbH & Co. KG | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | DE        |         0 | OU      | $55946068.22  | 0.85%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sherman Opportunity-A LP                                              | Sherman Opportunity-A LP                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $57901817.49  | 0.88%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Redpoint Ventures IX, L.P.                                            | Redpoint Ventures IX, L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6384884.05   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Renewable and Sustainable Energy Fund II, S.C.Sp.             | Carlyle Renewable and Sustainable Energy Fund II, S.C.Sp.             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1291137.48   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LORIENT PEREGRINE INVESTMENT, LP                                      | LORIENT PEREGRINE INVESTMENT, LP                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $19977819.71  | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KKR Ninja Co-Invest L.P                                               | KKR Ninja Co-Invest L.P                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $20870645.72  | 0.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GLOBAL INFRASTRUCTURE PARTNERS II-C, L.P.                             | GLOBAL INFRASTRUCTURE PARTNERS II-C, L.P.                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $1866314.32   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GLOBAL INFRASTRUCTURE PARTNERS III-C, L.P.                            | GLOBAL INFRASTRUCTURE PARTNERS III-C, L.P.                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1291929.35   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Graham Partners OptConnect Continuation Fund Parallel, L.P            | Graham Partners OptConnect Continuation Fund Parallel, L.P            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $45153468.74  | 0.69%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Fintech Collective PA1 LLC                                            | Fintech Collective PA1 LLC                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $8251651.06   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Base10 Advancement Initiative II, L.P.                                | Base10 Advancement Initiative II, L.P.                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $9569500.90   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| North Haven Capital Partners W50 CV LP                                | North Haven Capital Partners W50 CV LP                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $72424303.70  | 1.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Platinum Equity Imola Co-Investors Holdings, L.P.                     | Platinum Equity Imola Co-Investors Holdings, L.P.                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2797818.26   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| The Huron Fund V, LP                                                  | The Huron Fund V, LP                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6089247.65   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Trilantic Capital Partners VI Parallel (North America) L.P.           | Trilantic Capital Partners VI Parallel (North America) L.P.           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6995886.09   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IK PF II Luxco 6 S.a r.l.                                             | IK PF II Luxco 6 S.a r.l.                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $36994657.00  | 0.57%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KKR Compass Co-Invest L.P.                                            | KKR Compass Co-Invest L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $73362340.97  | 1.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IK SC Strategic Opportunities I SCSp                                  | IK SC Strategic Opportunities I SCSp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | NL        |         0 | OU      | $23408656.35  | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Nexus Special Situations IV, L.P.                                     | Nexus Special Situations IV, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5923819.86   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Roark Capital Partners III LP                                         | Roark Capital Partners III LP                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $12434222.16  | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Roark Capital Partners IV LP                                          | Roark Capital Partners IV LP                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $20410844.39  | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| H.I.G. CHA, L.P.                                                      | H.I.G. CHA, L.P.                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $40022616.99  | 0.61%             |  |  |  | Yes           |                  3 | On Loan: No      |
| H.I.G. Advantage Buyout Fund II L.P.                                  | H.I.G. Advantage Buyout Fund II L.P.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6868208.69   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bain Capital Fund XII, L.P.                                           | Bain Capital Fund XII, L.P.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $10500456.89  | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Entrepreneurial Equity Partners Fund II, L.P.                         | Entrepreneurial Equity Partners Fund II, L.P.                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $21541762.65  | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Heartland Dental Holding Corporation                                  | Heartland Dental Holding Corporation                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $62232990.62  | 0.95%             |  |  |  | Yes           |                  3 | On Loan: No      |
| High Street HoldCo, LLC                                               | High Street HoldCo, LLC                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $46744457.99  | 0.71%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cogenuity Co-Invest I LP                                              | Cogenuity Co-Invest I LP                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $13074507.91  | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| R Chapel Avenue Holdings Co-Invest B, LP                              | R Chapel Avenue Holdings Co-Invest B, LP                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $26897751.30  | 0.41%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Five Arrows Royal FAPI IV Co-Invest SCSp                              | Five Arrows Royal FAPI IV Co-Invest SCSp                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $18327615.58  | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Towerbrook Investors VI (OS), L.P.                                    | Towerbrook Investors VI (OS), L.P.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $15127617.57  | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Accel London VIII, L.P                                                | Accel London VIII, L.P                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3216159.16   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Canaan XIII                                                           | Canaan XIII                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3216230.44   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Diablo Investment Fund, L.P.                                          | Diablo Investment Fund, L.P.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $723911.13    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BC European Capital X-3 LP                                            | BC European Capital X-3 LP                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $5632941.80   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BE VI 'D' LP                                                          | BE VI 'D' LP                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $10442309.51  | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Equistone Partners Europe Fund VI A SCSp                              | Equistone Partners Europe Fund VI A SCSp                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | FR        |         0 | OU      | $3844470.89   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GSP 2.0, L.P.                                                         | GSP 2.0, L.P.                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3715020.12   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GSP 3.0 Fund, L.P.                                                    | GSP 3.0 Fund, L.P.                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $4832768.74   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hellman & Friedman Capital Partners X (Parallel), L.P.                | Hellman & Friedman Capital Partners X (Parallel), L.P.                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $38788786.35  | 0.59%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TI VI Project Horizon Co-Invest L.P.                                  | TI VI Project Horizon Co-Invest L.P.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | CH        |         0 | OU      | $30179538.56  | 0.46%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KKR Americas Fund XII L.P.                                            | KKR Americas Fund XII L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $12859340.40  | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| L Catterton Asia 3 LP                                                 | L Catterton Asia 3 LP                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | CN        |         0 | OU      | $7540623.65   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Shamrock ND Holdco, L.P.                                              | Shamrock ND Holdco, L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $58067550.11  | 0.89%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SD Rollover Vehicle, L.P.                                             | SD Rollover Vehicle, L.P.                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Silver Lake Partners V, L.P.                                          | Silver Lake Partners V, L.P.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $9006027.21   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VEPF IV Co-Invest 1A, L.P.                                            | VEPF IV Co-Invest 1A, L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $31402601.64  | 0.48%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VEPF IV Co-Invest 2-A, L.P.                                           | VEPF IV Co-Invest 2-A, L.P.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6070341.21   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VEPF V Co-Invest 1-B, L.P.                                            | VEPF V Co-Invest 1-B, L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $106459.00    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VEPF V Co-Invest 2-B, L.P.                                            | VEPF V Co-Invest 2-B, L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2312828.09   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vista Equity Partners Fund III (Parallel), L.P.                       | Vista Equity Partners Fund III (Parallel), L.P.                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $20364.18     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vista Equity Partners Fund IV (Parallel), L.P.                        | Vista Equity Partners Fund IV (Parallel), L.P.                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $26128816.90  | 0.40%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vista Equity Partners Fund VI-A, L.P.                                 | Vista Equity Partners Fund VI-A, L.P.                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2196453.67   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Partners V, L.P.                                                  | TPG Partners V, L.P.                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Digital Bridge Small Cell Holdings, LLC                               | Digital Bridge Small Cell Holdings, LLC                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $119874.31    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Banc Fund IX L.P.                                                     | Banc Fund IX L.P.                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $9757.60      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AP VIII Prime Security Services Holdings, L.P.                        | AP VIII Prime Security Services Holdings, L.P.                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $345580.65    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Quantum QEP VII Co-Investment Fund, L.P.                              | Quantum QEP VII Co-Investment Fund, L.P.                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1562208.92   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Abry Advanced Securities Fund IV, L.P.                                | Abry Advanced Securities Fund IV, L.P.                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2842207.82   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Epsilon Topco Limited                                                 | Epsilon Topco Limited                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2409479.23   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apollo DSB Co-Invest, L.P.                                            | Apollo DSB Co-Invest, L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $10768401.00  | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| APIA BIM FPCI                                                         | APIA BIM FPCI                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | FR        |         0 | OU      | $10476552.99  | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hg Athena Co-Invest L.P.                                              | Hg Athena Co-Invest L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $9436762.97   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Archer Capital GF Trust 2B                                            | Archer Capital GF Trust 2B                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | AU        |         0 | OU      | $342548.49    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Archer Capital Trust 5B                                               | Archer Capital Trust 5B                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | AU        |         0 | OU      | $83721.68     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Equistone Partners Europe Fund VI B SCSp                              | Equistone Partners Europe Fund VI B SCSp                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | LU        |         0 | OU      | $18432537.37  | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| The Baring Asia Private Equity Fund V, LP                             | The Baring Asia Private Equity Fund V, LP                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | CA        |         0 | OU      | $701254.56    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Fund IX Offshore Overage Program II                                   | Fund IX Offshore Overage Program II                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6355923.38   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CB Offshore Equity Fund IX, Limited Partnership                       | CB Offshore Equity Fund IX, Limited Partnership                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $10008457.10  | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CB Offshore Equity Fund X, Limited Partnership                        | CB Offshore Equity Fund X, Limited Partnership                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $7006321.98   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CB Offshore Equity Overage Fund X, Limited Partnership                | CB Offshore Equity Overage Fund X, Limited Partnership                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5705396.36   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lindsay Goldberg - Attain, L.P.                                       | Lindsay Goldberg - Attain, L.P.                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $45657163.72  | 0.70%             |  |  |  | Yes           |                  3 | On Loan: No      |
| The Veritas Capital Fund VIII, L.P.                                   | The Veritas Capital Fund VIII, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $26800545.87  | 0.41%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vista Equity Partners Fund VII                                        | Vista Equity Partners Fund VII                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $27875771.88  | 0.43%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Warburg Pincus XII, L.P.                                              | Warburg Pincus XII, L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $12814502.69  | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Dearborn Capital Partners VII-C, L.P.                         | Madison Dearborn Capital Partners VII-C, L.P.                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5871695.14   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AI ALTIUS & Cy S.C.Sp                                                 | AI ALTIUS & Cy S.C.Sp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | LU        |         0 | OU      | $26088000.00  | 0.40%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IK X Fund No.1 SCSp                                                   | IK X Fund No.1 SCSp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | LU        |         0 | OU      | $6055594.13   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| JLL Partners Fund VIII Secondary (SV), L.P.                           | JLL Partners Fund VIII Secondary (SV), L.P.                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $53493599.95  | 0.82%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PSC V (A), LP                                                         | PSC V (A), LP                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $14740844.32  | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Freman 2 MM Co-Investment 1 Albatros SCSP                             | Freman 2 MM Co-Investment 1 Albatros SCSP                             | CUSIP: 000000005<br>LEI: N/A                  | Long             |  | PF                | LU        |         0 | OU      | $31144520.51  | 0.48%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ICG Minimax 2024 Co-Investment I SCSp                                 | ICG Minimax 2024 Co-Investment I SCSp                                 | CUSIP: 000000006<br>LEI: N/A                  | Long             |  | PF                | DE        |         0 | OU      | $65659433.13  | 1.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TI VI RAVEN INVESTMENT AGGREGATOR, L.P.                               | TI VI RAVEN INVESTMENT AGGREGATOR, L.P.                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $40517192.54  | 0.62%             |  |  |  | Yes           |                  3 | On Loan: No      |
| JLL PARTNERS FUND VII SECONDARY (A-SQ), L.P.                          | JLL PARTNERS FUND VII SECONDARY (A-SQ), L.P.                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $9838724.67   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Altor Fund IV (No.1) AB                                               | Altor Fund IV (No.1) AB                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | SE        |         0 | OU      | $15305556.09  | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Altor Fund V (No.2) AB                                                | Altor Fund V (No.2) AB                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | SE        |         0 | OU      | $35828529.84  | 0.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DevCo Partners I Ky                                                   | DevCo Partners I Ky                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | FI        |         0 | OU      | $29401602.45  | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Francisco Partners Agility A, L.P.                                    | Francisco Partners Agility A, L.P.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6688262.27   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Francisco Partners IV-A, L.P.                                         | Francisco Partners IV-A, L.P.                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6136818.63   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Francisco Partners V-A, L.P.                                          | Francisco Partners V-A, L.P.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $14397865.69  | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| General Catalyst Group VI, L.P.                                       | General Catalyst Group VI, L.P.                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $28434516.11  | 0.43%             |  |  |  | Yes           |                  3 | On Loan: No      |
| General Catalyst Group VIII Supplemental, L.P.                        | General Catalyst Group VIII Supplemental, L.P.                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2188023.69   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| General Catalyst Group VIII, L.P.                                     | General Catalyst Group VIII, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $21665331.66  | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Great Hill Equity Partners V, L.P.                                    | Great Hill Equity Partners V, L.P.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $4924144.84   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Great Hill Equity Partners VI, L.P.                                   | Great Hill Equity Partners VI, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $13058327.94  | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Great Hill Equity Partners VII, L.P.                                  | Great Hill Equity Partners VII, L.P.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $12998943.21  | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HX ONE L.P.                                                           | HX ONE L.P.                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $12493213.00  | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Partners Fund XI Follow-On Fund, L.P.                         | Insight Partners Fund XI Follow-On Fund, L.P.                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2282611.97   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Venture Partners XI, L.P.                                     | Insight Venture Partners XI, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $36351376.31  | 0.56%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Partners XII Buyout Annex Fund, L.P.                          | Insight Partners XII Buyout Annex Fund, L.P.                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3597880.87   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Partners XII, L.P.                                            | Insight Partners XII, L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $18111972.84  | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Venture Partners Coinvestment Fund II, L.P.                   | Insight Venture Partners Coinvestment Fund II, L.P.                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3788863.84   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Venture Partners Growth-Buyout Coinvestment Fund, L.P.        | Insight Venture Partners Growth-Buyout Coinvestment Fund, L.P.        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2221435.92   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Providence Equity Partners (Docente) S.C.SP.                          | Providence Equity Partners (Docente) S.C.SP.                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | LU        |         0 | OU      | $35022754.56  | 0.53%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PX3 Partners Clean LP                                                 | PX3 Partners Clean LP                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | IE        |         0 | OU      | $35841684.42  | 0.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PX3 Partners Fund I LP                                                | PX3 Partners Fund I LP                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $12570809.99  | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ASTRO Co-Invest, L.P.                                                 | ASTRO Co-Invest, L.P.                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $30379446.10  | 0.46%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tailwind Capital Partners III (Cayman), L.P.                          | Tailwind Capital Partners III (Cayman), L.P.                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $14370905.80  | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Webster IV, L.P.                                                      | Webster IV, L.P.                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $11124877.02  | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Menrva Lead Co-Investment II, L.P.                                    | Menrva Lead Co-Investment II, L.P.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | CN        |         0 | OU      | $52196688.00  | 0.80%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Shamrock PN Holdco, L.P.                                              | Shamrock PN Holdco, L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $33753122.00  | 0.52%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Brentwood Associates Opportunities Fund II-A, L.P.                    | Brentwood Associates Opportunities Fund II-A, L.P.                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $54935649.56  | 0.84%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Centerbridge Falcon Acquisition Fund, L.P.                            | Centerbridge Falcon Acquisition Fund, L.P.                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | CA        |         0 | OU      | $23267564.00  | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ISC CG Parent, LP                                                     | ISC CG Parent, LP                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $32500000.00  | 0.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Samson Hockey 2, L.P.                                                 | Samson Hockey 2, L.P.                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $227804.32    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Samson Brunello 2, L.P.                                               | Samson Brunello 2, L.P.                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $262527.97    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ergon svt Long Term Value Fund SCSp                                   | Ergon svt Long Term Value Fund SCSp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | DE        |         0 | OU      | $7046314.83   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MC Private Equity Partners I-A LP                                     | MC Private Equity Partners I-A LP                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2383098.02   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Abry Advanced Securities Fund III, L.P.                               | Abry Advanced Securities Fund III, L.P.                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $11303.24     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Greenbriar Equity Fund III, L.P.                                      | Greenbriar Equity Fund III, L.P.                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $634336.19    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ABRY Partners VI, L.P.                                                | ABRY Partners VI, L.P.                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ABRY Partners VII, L.P.                                               | ABRY Partners VII, L.P.                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $147771.07    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ABRY Senior Equity IV, L.P.                                           | ABRY Senior Equity IV, L.P.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $124018.93    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ABRY Senior Equity V, L.P.                                            | ABRY Senior Equity V, L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1419347.58   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Incline Aviation Fund II                                              | Incline Aviation Fund II                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $9414319.82   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Icon Partners III, L.P.                                               | Icon Partners III, L.P.                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MIC Capital Partners III Parallel (Cayman) LP                         | MIC Capital Partners III Parallel (Cayman) LP                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $4275711.20   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ISH Co-Invest Aggregator, L.P.                                        | ISH Co-Invest Aggregator, L.P.                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5527399.77   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Help HP SCF Investor, LP                                              | Help HP SCF Investor, LP                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $10220654.22  | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Icon Partners IV, L.P.                                                | Icon Partners IV, L.P.                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $19471235.20  | 0.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IVP XI Celestial Co-Invest LP                                         | IVP XI Celestial Co-Invest LP                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $11152452.32  | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Pennantpark Senior Credit Fund Cayman Levered Feeder, LP              | Pennantpark Senior Credit Fund Cayman Levered Feeder, LP              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $8964846.94   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tene GPL Limited Partnership                                          | Tene GPL Limited Partnership                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | IL        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ECI 11 FP Limited                                                     | ECI 11 FP Limited                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $9034592.98   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LEP Opportunities I, L.P.                                             | LEP Opportunities I, L.P.                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $15312246.73  | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Golden Aggregator, L.P.                                               | Golden Aggregator, L.P.                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $12190668.20  | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PSG Government Brands II Co-Invest L.P.                               | PSG Government Brands II Co-Invest L.P.                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $13658281.53  | 0.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Solace Capital Special Situations Fund, L.P.                          | Solace Capital Special Situations Fund, L.P.                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $14078914.75  | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Eagle Investment Trust                                                | Eagle Investment Trust                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | AU        |         0 | OU      | $23229402.18  | 0.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Soho Square Partnership Capital Feeder Fund I S.C.Sp.                 | Soho Square Partnership Capital Feeder Fund I S.C.Sp.                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $9537743.61   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Growth V, L.P.                                                    | TPG Growth V, L.P.                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $28299286.37  | 0.43%             |  |  |  | Yes           |                  3 | On Loan: No      |
| John Hancock Infra Fund I, L.P.                                       | John Hancock Infra Fund I, L.P.                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $35196958.43  | 0.54%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RedBird Capital Partners Fund IV, L.P.                                | RedBird Capital Partners Fund IV, L.P.                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $28612986.35  | 0.44%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Advent International GPE IX-C Limited Partnership                     | Advent International GPE IX-C Limited Partnership                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $16475882.76  | 0.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Advent International GPE VIII-B-3 Limited Partnership                 | Advent International GPE VIII-B-3 Limited Partnership                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5771729.07   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PAI Europe VII-1 S.L.P. & PAI Europe VII-1 SCSp                       | PAI Europe VII-1 S.L.P. & PAI Europe VII-1 SCSp                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | FR        |         0 | OU      | $8929017.63   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cronus Aggregator Limited                                             | Cronus Aggregator Limited                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $49970498.60  | 0.76%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ChrysCapital X, LLC                                                   | ChrysCapital X, LLC                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | MU        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| 7RIDGE Investments 7 Limited Partnership                              | 7RIDGE Investments 7 Limited Partnership                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $48804575.12  | 0.75%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Industrial Opportunity Partners IV, L.P.                              | Industrial Opportunity Partners IV, L.P.                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2409466.16   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Infrastructure Opportunity Fund, L.P.                  | Carlyle Global Infrastructure Opportunity Fund, L.P.                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $16745047.48  | 0.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| West Street Global Infrastructure Partners III, L.P.                  | West Street Global Infrastructure Partners III, L.P.                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $9133840.42   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hosen FCV I, L.P.                                                     | Hosen FCV I, L.P.                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | AU        |         0 | OU      | $37053764.25  | 0.57%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Altor Fund V (No. 1) AB                                               | Altor Fund V (No. 1) AB                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | SE        |         0 | OU      | $7706385.58   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Housatonic Equity Investors VI, L.P.                                  | Housatonic Equity Investors VI, L.P.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $10354851.43  | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Berkshire Fund VI, Limited Partnership                                | Berkshire Fund VI, Limited Partnership                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $195152.62    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oaktree Special Situations Fund, L.P.                                 | Oaktree Special Situations Fund, L.P.                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $973561.27    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Blackstone Capital Partners VI L.P.                                   | Blackstone Capital Partners VI L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $125138.45    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Housatonic Equity Investors V, L.P.                                   | Housatonic Equity Investors V, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1750583.52   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Siris Partners II, L.P.                                               | Siris Partners II, L.P.                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2757.16      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Siris Partners IV, L.P.                                               | Siris Partners IV, L.P.                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2973108.04   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| One Equity Partners VI, L.P.                                          | One Equity Partners VI, L.P.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1305094.58   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Siris Partners III, L.P.                                              | Siris Partners III, L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $762380.31    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Thomas H. Lee Equity Fund VIII, L.P.                                  | Thomas H. Lee Equity Fund VIII, L.P.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $97632.49     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Berkshire Fund VII, L.P.                                              | Berkshire Fund VII, L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $63126.96     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Berkshire Fund VIII L.P.                                              | Berkshire Fund VIII L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $400383.03    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Industrial Opportunity Partners III, L.P.                             | Industrial Opportunity Partners III, L.P.                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $8287743.47   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Industrial Opportunity Partners II, L.P.                              | Industrial Opportunity Partners II, L.P.                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $260045.44    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FPCI Apia Trilogy                                                     | FPCI Apia Trilogy                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | BE        |         0 | OU      | $18746008.52  | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Warburg Pincus Private Equity XII, L.P.                               | Warburg Pincus Private Equity XII, L.P.                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3036117.17   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IVP XII DK (BLOCKED) Co-Invest, L.P.                                  | IVP XII DK (BLOCKED) Co-Invest, L.P.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $19559501.62  | 0.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hg Riley Co-Invest L.P.                                               | Hg Riley Co-Invest L.P.                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2070866.64   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SignalFire VSS I, L.P.                                                | SignalFire VSS I, L.P.                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6726085.91   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Asia V, L.P.                                                      | TPG Asia V, L.P.                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $218320.24    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Partners VI, L.P.                                                 | TPG Partners VI, L.P.                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $56134.82     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Partners VII, L.P.                                                | TPG Partners VII, L.P.                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $855203.90    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Venture Partners Growth-Buyout Coinvestment Fund, L.P.        | Insight Venture Partners Growth-Buyout Coinvestment Fund, L.P.        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $11612326.98  | 0.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Venture Partners IX, L.P.                                     | Insight Venture Partners IX, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $21993297.77  | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Venture Partners X, L.P.                                      | Insight Venture Partners X, L.P.                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $35997448.85  | 0.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Norvestor IX SCSp                                                     | Norvestor IX SCSp                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | NO        |         0 | OU      | $12704825.65  | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bridgepoint Europe IV 'A' LP                                          | Bridgepoint Europe IV 'A' LP                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $73340.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Charterhouse Capital Partners IX                                      | Charterhouse Capital Partners IX                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $5998.23      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Clearlake Capital Partners VII (Offshore), LP                         | Clearlake Capital Partners VII (Offshore), LP                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5178959.08   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EQT IX (No.2) EUR SCSP                                                | EQT IX (No.2) EUR SCSP                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | SE        |         0 | OU      | $33100862.23  | 0.51%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EQT VII (No.1) LP                                                     | EQT VII (No.1) LP                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | DK        |         0 | OU      | $6583874.96   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EQT VIII (No.1) SCSP                                                  | EQT VIII (No.1) SCSP                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $15026231.57  | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Genstar Capital Partners X L.P.                                       | Genstar Capital Partners X L.P.                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $4275621.04   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Gryphon Partners VI-A, L.P.                                           | Gryphon Partners VI-A, L.P.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $12850942.37  | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Portobello Fondo III, FCR                                             | Portobello Fondo III, FCR                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | ES        |         0 | OU      | $4953535.17   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Portobello Capital Fondo IV, FCR                                      | Portobello Capital Fondo IV, FCR                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | ES        |         0 | OU      | $7958475.86   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TowerBrook Investors V (892), L.P.                                    | TowerBrook Investors V (892), L.P.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $14557546.30  | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kwol Co-invest, LP                                                    | Kwol Co-invest, LP                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $49183937.17  | 0.75%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wynnchurch Capital Partners V, L.P.                                   | Wynnchurch Capital Partners V, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $7729300.06   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Boom Co-Invest B, L.P.                                                | Boom Co-Invest B, L.P.                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5073627.19   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Francisco Partners VI-B, L.P.                                         | Francisco Partners VI-B, L.P.                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $10042387.03  | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hg Saturn 2 B LP                                                      | Hg Saturn 2 B LP                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $7132271.66   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Knox Lane Capital Fund II, L.P.                                       | Knox Lane Capital Fund II, L.P.                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $9728513.17   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TowerBrook Investors IV (892), L.P.                                   | TowerBrook Investors IV (892), L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $286715.04    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Digital Colony Partners, L.P.                                         | Digital Colony Partners, L.P.                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | LU        |         0 | OU      | $69087903.96  | 1.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Insight Hideaway Aggregator, L.P.                                     | Insight Hideaway Aggregator, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $54363284.11  | 0.83%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Altor Fund II (No. 2) Limited Partnership                             | Altor Fund II (No. 2) Limited Partnership                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | DK        |         0 | OU      | $179646.02    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Altor Fund III (No. 2) Limited Partnership                            | Altor Fund III (No. 2) Limited Partnership                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | SE        |         0 | OU      | $851047.42    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Altor Fund IV (No. 2) AB                                              | Altor Fund IV (No. 2) AB                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | SE        |         0 | OU      | $5543869.82   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Altor Fund V (No. 2) AB                                               | Altor Fund V (No. 2) AB                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | SE        |         0 | OU      | $18382200.93  | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Flexpoint Fund IV-B, L.P.                                             | Flexpoint Fund IV-B, L.P.                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $14334046.84  | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Flexpoint Overage Fund IV-B, L.P.                                     | Flexpoint Overage Fund IV-B, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3642190.96   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FSN Capital VI L.P.                                                   | FSN Capital VI L.P.                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | DK        |         0 | OU      | $14586036.84  | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Frozen Bakery Holdco, LLC                                             | Frozen Bakery Holdco, LLC                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $50932000.00  | 0.78%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Triton Fund 6 SCSP                                                    | Triton Fund 6 SCSP                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | LU        |         0 | OU      | $1383840.07   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vista Equity Endeavor Fund III, L.P.                                  | Vista Equity Endeavor Fund III, L.P.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $18283.13     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Fremman 2 MM SCSP                                                     | Fremman 2 MM SCSP                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | LU        |         0 | OU      | $13191527.17  | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Growth VI, L.P.                                                   | TPG Growth VI, L.P.                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $19302407.25  | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apheon Special Opportunities Fund S.C.A. SICAV-RAIF                   | Apheon Special Opportunities Fund S.C.A. SICAV-RAIF                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | LU        |         0 | OU      | $29041936.78  | 0.44%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bridgepoint Europe V A1 LP                                            | Bridgepoint Europe V A1 LP                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3682044.96   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Five Arrows Growth Partners II SCSp                                   | Five Arrows Growth Partners II SCSp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | LU        |         0 | OU      | $4608303.72   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IK Small Cap II Fund No. 2 SCSp                                       | IK Small Cap II Fund No. 2 SCSp                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | LU        |         0 | OU      | $1393888.50   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IK VIII No. 3 LP                                                      | IK VIII No. 3 LP                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $3802039.90   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kedaara Capital Fund II LLP                                           | Kedaara Capital Fund II LLP                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | IN        |         0 | OU      | $22835371.78  | 0.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IK Partnership III Fund No.1 SCSp                                     | IK Partnership III Fund No.1 SCSp                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $5821479.63   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Accel Leaders Fund IV, L.P.                                           | Accel Leaders Fund IV, L.P.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Banneker Partners III, L.P.                                           | Banneker Partners III, L.P.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2757653.00   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Calera XXVIII, LLC                                                    | Calera XXVIII, LLC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $25270000.06  | 0.39%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dawn Opportunity LP.                                                  | Dawn Opportunity LP.                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | CA        |         0 | OU      | $14008257.00  | 0.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hg Saturn 4 A L.P.                                                    | Hg Saturn 4 A L.P.                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $272361.00    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Leeds Equity Partners VIII-A, L.P.                                    | Leeds Equity Partners VIII-A, L.P.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6114613.00   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PX3 Partners Cyber LP                                                 | PX3 Partners Cyber LP                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $45086117.20  | 0.69%             |  |  |  | Yes           |                  3 | On Loan: No      |
| QHP Sapphire SPV, L.P.                                                | QHP Sapphire SPV, L.P.                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $87038789.77  | 1.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tene GPL Qnergy Limited Partnership                                   | Tene GPL Qnergy Limited Partnership                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | IL        |         0 | OU      | $1740630.00   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Triton Fund 6 SCSp                                                    | Triton Fund 6 SCSp                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | LU        |         0 | OU      | $726427.71    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Valeas Capital Partners Fund II-A LP                                  | Valeas Capital Partners Fund II-A LP                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2489862.00   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dreyfus Institutional Preferred Government Money Market Fund          | Dreyfus Institutional Preferred Government Money Market Fund          | CUSIP: 26200X100<br>LEI: 5493001BRBYRXP4A4K56 | Long             | STIV             | RF                | US        | 750284119 | NS      | $750284119.00 | 11.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc - Class A                                                 | Samsara Inc - Class A                                                 | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32060 | NS      | $1136527.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Equity Partners Fund VI-A, L.P.                                 | Vista Equity Partners Fund VI-A, L.P.                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6512099.43   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vista Foundation Fund I (Parallel), L.P.                              | Vista Foundation Fund I (Parallel), L.P.                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $-157731.00   | -0.00%            |  |  |  | Yes           |                  3 | On Loan: No      |
| Vista Foundation Fund II-A, L.P.                                      | Vista Foundation Fund II-A, L.P.                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $1383327.15   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GENUI II GmbH & Co. geschl. InvKG                                     | GENUI II GmbH & Co. geschl. InvKG                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | DE        |         0 | OU      | $4773863.88   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Main Post Growth Capital III (Parallel), L.P.                         | Main Post Growth Capital III (Parallel), L.P.                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5868406.71   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Growth V Deacon, L.P.                                             | TPG Growth V Deacon, L.P.                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $26188432.91  | 0.40%             |  |  |  | Yes           |                  3 | On Loan: No      |
| A&M Capital Europe, SCSp                                              | A&M Capital Europe, SCSp                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | ES        |         0 | OU      | $15095466.50  | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| August Equity Partners IV Executives Partnership LP                   | August Equity Partners IV Executives Partnership LP                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $3247033.80   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Marwyn Value Investors II L.P.                                        | Marwyn Value Investors II L.P.                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | ES        |         0 | OU      | $1852239.17   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PSC III G, L.P.                                                       | PSC III G, L.P.                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $4993242.34   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Siris Partners III, L.P.                                              | Siris Partners III, L.P.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $2033036.17   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Silver Oak Services Fund IV, L.P.                                     | Silver Oak Services Fund IV, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $6873489.59   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MVI II Co-Invest LP                                                   | MVI II Co-Invest LP                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | ES        |         0 | OU      | $619601.92    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RREF I SPV, L.P.                                                      | RREF I SPV, L.P.                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5817731.73   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Base10 Advancement Initiative IH I, L.P.                              | Base10 Advancement Initiative IH I, L.P.                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3409542.62   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Banc Fund VIII L.P.                                                   | Banc Fund VIII L.P.                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HT Global Co-investment, L.P. 2                                       | HT Global Co-investment, L.P. 2                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | IN        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Five Arrows Principal Investments IV SCSp SICAV-RAIF                  | Five Arrows Principal Investments IV SCSp SICAV-RAIF                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | GB        |         0 | OU      | $18944769.11  | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Battery Ventures Select Fund II, L.P.                                 | Battery Ventures Select Fund II, L.P.                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $4571339.33   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hg Vibranium Co-Invest L.P.                                           | Hg Vibranium Co-Invest L.P.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | SE        |         0 | OU      | $68323361.81  | 1.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ACOF IV ATD Co-Invest LP                                              | ACOF IV ATD Co-Invest LP                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Battery Ventures XIV, L.P.                                            | Battery Ventures XIV, L.P.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $9167523.60   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ECP Calpine Continuation Fund, LP                                     | ECP Calpine Continuation Fund, LP                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $75882244.65  | 1.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG Growth V Melody CI, Limited Partnership                           | TPG Growth V Melody CI, Limited Partnership                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | IT        |         0 | OU      | $43937494.78  | 0.67%             |  |  |  | Yes           |                  3 | On Loan: No      |
| H.I.G. Pixelle Specialty Solutions Co-Investment, L.P.                | H.I.G. Pixelle Specialty Solutions Co-Investment, L.P.                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $3139969.24   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Project Hotel California Co-Invest Fund, L.P.                         | Project Hotel California Co-Invest Fund, L.P.                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $56260196.44  | 0.86%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Base10 Partners I, L.P.                                               | Base10 Partners I, L.P.                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $5026144.43   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** AMG Pantheon Master Fund, LLC

**Signature:** Thomas G. Disbrow

**Name of Signer:** Thomas G. Disbrow

**Title:** Treasurer