Summit Private Credit Fund III — Risk Disclosure

Summit Private Credit Fund III — Risk Disclosure

This Risk Disclosure Supplement is provided in connection with an investment in Summit Private Credit Fund III, LP.

Credit Risk

The Fund makes direct loans to middle market companies. Borrowers may default on their obligations, resulting in partial or total loss of invested capital.

Liquidity Risk

Interests in the Fund are illiquid. Redemptions are subject to quarterly windows and fund-level liquidity limits.