INDEPENDENT FRANCHISE PARTNERS LLP – investment adviser, $23.8B regulatory AUM (Form ADV)

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	12	$16,315,828,430	68.4%
Government entities	7	$2,707,957,233	11.4%
Investment companies	1	$1,530,874,325	6.4%
Retirement plans	Fewer than 5	$1,281,489,329	5.4%
Charities	5	$1,044,957,810	4.4%
Corporations & businesses	5	$677,250,694	2.8%
Insurance companies	Fewer than 5	$286,700,720	1.2%

Filing source

Form ADV 2116487 · Jul 2, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

2 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

INDEPENDENT FRANCHISE PARTNERS GLOBAL EQUITY, L.P.Other Private Fund · Last reported Jul 2, 2026$3.41BGross asset value

Form D fundraising filings

Independent Franchise Partners Global Equity, L.P.

Fund administrator NORTHERN TRUST CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG CHARTERED ACCOUNTANTS DUBLIN, Ireland

Custodian NORTHERN TRUST CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG CHARTERED ACCOUNTANTS
PCAOB 42

NORTHERN TRUST
LEI 6PTKHDJ8HDUF78PFWH30

Fund details & source

Fund ID: 805-4389561887
Reported beneficial owners: 146
Minimum commitment: $3M
Form D file number: 021-269018

Form ADV 2116487 · Jul 2, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

INDEPENDENT FRANCHISE PARTNERS GLOBAL EQUITY II, L.P.Other Private Fund · Last reported Jul 2, 2026$1.1BGross asset value

Form D fundraising filings

Independent Franchise Partners Global Equity II, L.P.

Fund administrator NORTHERN TRUST CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG CHARTERED ACCOUNTANTS DUBLIN, Ireland

Custodian NORTHERN TRUST CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG CHARTERED ACCOUNTANTS
PCAOB 42

NORTHERN TRUST
LEI 6PTKHDJ8HDUF78PFWH30

Fund details & source

Fund ID: 805-6603576025
Reported beneficial owners: 80
Minimum commitment: $3M
Form D file number: 021-355356

Form ADV 2116487 · Jul 2, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jul 2, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets

Principal office

LEVEL 1, 10 PORTMAN SQUARE
LONDON, W1H 6AZ, United Kingdom

CRD 150108

Filing source

Form ADV 2116487 · Jul 2, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.