Performance As of February 29, 2024

To date, all monthly distributions have been fully funded with TCAP’s cash flow.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS and there can be no assurance that TCAP will achieve its objectives or avoid substantial losses. TCAP launched on January 1, 2023. Total Return for Class I shares includes AGTB Private BDC, which commenced operations on May 10, 2022 and merged with TCAP on January 1, 2023. For additional information, including financial information, regarding AGTB Private BDC and the Merger, see TCAP’s prospectus. Total Return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested) divided by the beginning NAV per share. All returns are derived from unaudited financial information and are net of all TCAP expenses, including general and administrative expenses, transaction related expenses, management fees, incentive fees, and share class specific fees. Returns are prior to the impact of any potential upfront placement fees. Inception to date Total Return has been annualized for periods less than or greater than one year. An investment in TCAP is subject to a maximum upfront placement fee of 1.5% for Class D and 3.5% for Class S, which would reduce the amount of capital available for investment, if applicable. There are no upfront placement fees for Class I shares. Inception to date figures for Class I, Class D, and Class S shares use the initial offering price per share as the beginning NAV. Past performance is historical and not a guarantee of future results. The returns have been prepared using unaudited data and valuations of the underlying investments in TCAP’s portfolios which are estimates of fair value and form the basis for TCAP’s NAV. Valuations based on unaudited reports from the underlying investments may be subject to later adjustments, may not correspond to realized value, and may not accurately reflect the price at which assets could be liquidated.

The payment of future distributions is subject to the discretion of TCAP’s Board of Trustees, and there can be no assurance as to the amount or timing of any such future distributions. Distributions are not guaranteed. Distributions may be funded through sources other than TCAP’s cash flow, including the sale of assets, borrowings or return of capital. To date, all monthly distributions have been fully funded with TCAP’s cash flow. See TCAP’s prospectus for more information and the Shareholders section of TCAP’s website for notices regarding distributions subject to Section 19(a).

To date, all monthly distributions have been fully funded with TCAP’s cash flow.

To date, all monthly distributions have been fully funded with TCAP’s cash flow.

To date, all monthly distributions have been fully funded with TCAP’s cash flow.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS and there can be no assurance that TCAP will achieve its objectives or avoid substantial losses. TCAP launched on January 1, 2023. Total Return for Class I shares includes AGTB Private BDC, which commenced operations on May 10, 2022 and merged with TCAP on January 1, 2023. For additional information, including financial information, regarding AGTB Private BDC and the Merger, see TCAP’s prospectus. Total Return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested) divided by the beginning NAV per share. All returns are derived from unaudited financial information and are net of all TCAP expenses, including general and administrative expenses, transaction related expenses, management fees, incentive fees, and share class specific fees. Returns are prior to the impact of any potential upfront placement fees. Inception to date Total Return has been annualized for periods less than or greater than one year. An investment in TCAP is subject to a maximum upfront placement fee of 1.5% for Class D and 3.5% for Class S, which would reduce the amount of capital available for investment, if applicable. There are no upfront placement fees for Class I shares. Inception to date figures for Class I, Class D, and Class S shares use the initial offering price per share as the beginning NAV. Past performance is historical and not a guarantee of future results. The returns have been prepared using unaudited data and valuations of the underlying investments in TCAP’s portfolios which are estimates of fair value and form the basis for TCAP’s NAV. Valuations based on unaudited reports from the underlying investments may be subject to later adjustments, may not correspond to realized value, and may not accurately reflect the price at which assets could be liquidated.

The payment of future distributions is subject to the discretion of TCAP’s Board of Trustees, and there can be no assurance as to the amount or timing of any such future distributions. Distributions are not guaranteed. Distributions may be funded through sources other than TCAP’s cash flow, including the sale of assets, borrowings or return of capital. To date, all monthly distributions have been fully funded with TCAP’s cash flow. See TCAP’s prospectus for more information and the Shareholders section of TCAP’s website for notices regarding distributions subject to Section 19(a).

To date, all monthly distributions have been fully funded with TCAP’s cash flow.

To date, all monthly distributions have been fully funded with TCAP’s cash flow.