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1041-00005 · Client 1041 · LP Communications
lp-consent-tracking-memo.xlsx DOCUMENT M&A / Corporate
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Contract analysis Extract to table

[sheet: Cover]

FieldValue
Document TitleLP Consent Tracking Memorandum
ClientSolara Digital Infrastructure LP
Matter Number20250527-SDILP-PLR
Prepared ByRobert Jansen / Garrett Simmons — Calderwood & Harkness LLP
Supervising PartnersLeonard Cross (Responsible Partner); Sylvia Hartwell (Billing Partner)
Client ContactsStefan Dalmqvist (Head of Tax); Priya Narasimhan (General Counsel)
Date InitiatedMay 27, 2025
Last UpdatedJuly 10, 2025
PurposeTrack LP consent status across all fund vehicles for cross-border fund-platform reorganization; monitor progress toward required consent thresholds under each LPA
Reorganization Target Effective DateDecember 1, 2025
LPAC Preliminary Consent78% in interest obtained at April 22, 2025 LPAC meeting
LPAC CounselDiana Carruthers, Partner — Whitfield, Carruthers & Doyle LLP
ConfidentialityPRIVILEGED AND CONFIDENTIAL — ATTORNEY-CLIENT WORK PRODUCT

[sheet: Fund IV LP Consent]

LP NameLP TypeDomicileKey ContactFund VehicleCommitted Capital ($M)% of Total Fund CommitmentsConsent StatusDate Consent Solicitation SentDate Consent ReceivedNotes
Pinnacle State Employees' Retirement SystemU.S. Public Pension FundState of PinnacleMargaret Faulkner, CIOFund IV LP2756.55%Received2025-06-022025-06-18Consent received without conditions
Grandview University EndowmentU.S. Tax-Exempt EndowmentMassachusettsHarold Kingsley, Director of InvestmentsFund IV LP1202.86%Received2025-06-022025-06-25Reviewed by investment committee; consent approved
Argyle Family Office Holdings LLCU.S. Taxable Family OfficeDelawareElliot Argyle, PrincipalFund IV LP952.26%Received2025-06-022025-06-12Prompt response; no concerns raised
Veltrano Capital Partners LPU.S. Taxable Fund of FundsNew YorkDavid Caruso, PartnerFund IV LP2004.76%Pending2025-06-02Follow-up sent 2025-07-01; awaiting IC approval
Birchwood Insurance Holdings Ltd.Non-U.S. Insurance Co.BermudaSarah Winslow, Head of PE AllocationFund IV LP1503.57%Received2025-06-022025-06-30Consent subject to confirmation of § 1446 no-withholding treatment
Oakridge Municipal Pension TrustU.S. Public Pension FundIllinoisJames Hartley, CIOFund IV LP3107.38%Pending2025-06-02Legal review in progress; counsel requested copy of draft LPA amendment
Velthryn FoundationU.S. Tax-Exempt FoundationCaliforniaAndrea Marsh, Investment DirectorFund IV LP852.02%Received2025-06-022025-06-20
Crestwood Partners Fund II LPU.S. Taxable Fund of FundsConnecticutMichael Torres, Managing DirectorFund IV LP1603.81%Received2025-06-022025-07-02
Harborview Teachers' Retirement FundU.S. Public Pension FundTexasLaura Delgado, Deputy CIOFund IV LP2255.36%Received2025-06-022025-06-27Board resolution attached to consent
Maplewood Charitable TrustU.S. Tax-Exempt FoundationNew YorkCatherine Blythe, TrusteeFund IV LP651.55%Received2025-06-022025-06-15
Cascade Capital Group LLCU.S. Taxable Family OfficeWashingtonJonathan Predding, Managing PartnerFund IV LP1102.62%Received2025-06-022025-06-19
Meridian Insurance MutualU.S. Insurance CompanyOhioPatricia Fowler, SVP InvestmentsFund IV LP1754.17%Received2025-06-022025-07-01
Lakeshore State Pension AuthorityU.S. Public Pension FundMichiganRobert Ainsworth, CIOFund IV LP1954.64%Received2025-06-022025-06-24
Redstone Venture Partners LPU.S. Taxable Fund of FundsCaliforniaBrian Sato, PartnerFund IV LP1403.33%Received2025-06-022025-07-05
Westfield Multi-Strategy Fund LPU.S. Taxable Fund of FundsNew YorkDaniel Levy, Managing DirectorFund IV LP1303.10%Received2025-06-022025-06-28
Thornhill Family Office TrustU.S. Taxable Family OfficeFloridaElizabeth Thornhill, PrincipalFund IV LP751.79%Received2025-06-022025-06-14
Pacific Northwest Health System EndowmentU.S. Tax-Exempt EndowmentOregonMark Jennings, VP FinanceFund IV LP902.14%Received2025-06-022025-06-21
Summit Ridge Capital Partners LPU.S. Taxable Fund of FundsIllinoisKaren Prescott, PartnerFund IV LP1152.74%Pending2025-06-02Awaiting external counsel review
Great Plains Municipal Employees' FundU.S. Public Pension FundNebraskaThomas Beckett, Executive DirectorFund IV LP1804.29%Received2025-06-022025-07-03
Ashford Private Wealth Advisors LLCU.S. Taxable Family OfficeNew JerseySandra Ashford, Managing MemberFund IV LP601.43%Received2025-06-022025-06-16
Heritage College FoundationU.S. Tax-Exempt EndowmentPennsylvaniaAlan Crawford, Investment Committee ChairFund IV LP551.31%Received2025-06-022025-06-23
Clearwater Municipal Pension BoardU.S. Public Pension FundFloridaDiane Quelston, Plan AdministratorFund IV LP2105.00%Received2025-06-022025-06-26
Ironbridge Capital Advisors LPU.S. Taxable Fund of FundsMassachusettsGregory Stanton, PartnerFund IV LP1252.98%Received2025-06-022025-07-07
Stonewall Partners Family OfficeU.S. Taxable Family OfficeVirginiaWilliam Stonewall III, PrincipalFund IV LP801.90%Pending2025-06-02Reviewing tax impact analysis
Bayshore Community FoundationU.S. Tax-Exempt FoundationCaliforniaNina Yamamoto, Executive DirectorFund IV LP801.90%Received2025-06-022025-06-17
TOTALFund IV LP4200100.00%
Total Consents Received287568.45%ReceivedThreshold of 66.67% exceeded
Total Consents Pending132531.55%Pending4 LPs outstanding
Total Consents Declined00.00%Declined

[sheet: Fund IV-A Cayman Consent]

LP NameLP TypeDomicileKey ContactFund VehicleCommitted Capital ($M)% of Total Fund CommitmentsPost-Reorg Destination VehicleConsent StatusDate Consent Solicitation SentDate Consent ReceivedIndependent Counsel ReviewNotes
Nordhaven Sovereign Wealth FundNon-U.S. Sovereign Wealth FundKingdom of NordhavenAnders Bjørkman, Head of Alternative InvestmentsFund IV-A Cayman38020.54%Solara International Feeder (Cayman) LPPending2025-06-02Bramhall & Quelwick LLP (Jason Tremaine) retained as independent tax counsel; reviewing U.S. withholding tax and treaty implicationsLargest single LP in vehicle; consent critical for threshold; Bramhall & Quelwick coordinating with Calderwood & Harkness on § 1446 and FIRPTA analysis
Pinnacle State Employees' Retirement SystemU.S. Public Pension FundState of PinnacleMargaret Faulkner, CIOFund IV-A Cayman27514.86%Solara Tax-Exempt Feeder (Cayman) LPReceived2025-06-022025-06-18N/A — relying on LPAC counsel (Whitfield, Carruthers & Doyle LLP)Consent received; UBTI blocker migration confirmed acceptable
Grandview University EndowmentU.S. Tax-Exempt EndowmentMassachusettsHarold Kingsley, Director of InvestmentsFund IV-A Cayman1206.49%Solara Tax-Exempt Feeder (Cayman) LPReceived2025-06-022025-06-25N/A
Montrose Asia Pacific Fund Ltd.Non-U.S. FundHong KongKevin Tsang, Portfolio ManagerFund IV-A Cayman1809.73%Solara International Feeder (Cayman) LPReceived2025-06-022025-07-03N/A
Valkenburg Pension FundNon-U.S. Pension FundNetherlandsPieter van der Berg, CIOFund IV-A Cayman22011.89%Solara International Feeder (Cayman) LPPending2025-06-02Local counsel reviewing Dutch pension regulatory implicationsExpected by end of July 2025
Abu Dhabi Strategic Investment AuthorityNon-U.S. Sovereign Wealth FundUnited Arab EmiratesKhalid Al-Mansouri, Director of Private EquityFund IV-A Cayman1608.65%Solara International Feeder (Cayman) LPReceived2025-06-022025-06-29N/A
Whitecliff Capital Advisors Ltd.Non-U.S. Asset ManagerUnited KingdomAlistair Keane, Head of Private MarketsFund IV-A Cayman955.14%Solara International Feeder (Cayman) LPReceived2025-06-022025-06-22N/A
Pacific Rim Superannuation TrustNon-U.S. Pension FundAustraliaJames Warburton, Head of AlternativesFund IV-A Cayman804.32%Solara International Feeder (Cayman) LPReceived2025-06-022025-07-01N/A
Silverstone Hospital FoundationU.S. Tax-Exempt FoundationNew YorkRachel Donahue, Investment DirectorFund IV-A Cayman502.70%Solara Tax-Exempt Feeder (Cayman) LPReceived2025-06-022025-06-20N/A
Meridian Global Opportunities FundNon-U.S. FundCayman IslandsThomas Fraser, Portfolio ManagerFund IV-A Cayman703.78%Solara International Feeder (Cayman) LPReceived2025-06-022025-06-27N/A
Nelvark Capital Partners ABNon-U.S. Asset ManagerSwedenErik Lindström, Managing PartnerFund IV-A Cayman552.97%Solara International Feeder (Cayman) LPPending2025-06-02Swedish regulatory review pendingExpected mid-July 2025
Riverside Community Endowment TrustU.S. Tax-Exempt EndowmentConnecticutBarbara Hensley, TrusteeFund IV-A Cayman402.16%Solara Tax-Exempt Feeder (Cayman) LPReceived2025-06-022025-06-19N/A
Harborstone Multi-Asset Fund Ltd.Non-U.S. FundCayman IslandsDamien O'Sullivan, DirectorFund IV-A Cayman251.35%Solara International Feeder (Cayman) LPReceived2025-06-022025-07-02N/A
Tokyo Bay Capital Partners Co., Ltd.Non-U.S. Asset ManagerJapanYuki Tanaka, Senior Managing DirectorFund IV-A Cayman1005.41%Solara International Feeder (Cayman) LPPending2025-06-02Japanese regulatory counsel reviewing feeder structureExpected by end of July 2025
TOTALFund IV-A Cayman1850100.00%
Total Consents Received109559.19%ReceivedBelow 66.67% threshold; Nordhaven critical
Total Consents Pending75540.81%Pending4 LPs outstanding
Total Consents Declined00.00%Declined
Breakdown — Int'l Feeder Destination136573.78%Solara International Feeder (Cayman) LP
Breakdown — TE Feeder Destination48526.22%Solara Tax-Exempt Feeder (Cayman) LP

[sheet: Fund IV-B Lux Consent]

LP NameLP TypeDomicileKey ContactFund VehicleCommitted Capital (€M)Committed Capital ($M at 1.08 EUR/USD)% of Total Fund CommitmentsPost-Reorg Destination VehicleConsent StatusDate Consent Solicitation SentDate Consent ReceivedNotes
Kestrel Pacific Insurance GroupNon-U.S. Insurance CompanySingaporeChristine Leung, Senior Portfolio ManagerFund IV-B Lux20021617.39%Solara International Feeder (Cayman) LPPending2025-06-02Reviewing migration from Luxembourg SCSp to Cayman feeder structure; Singapore MAS regulatory notification may be required
Dumont European Real Assets Fund SCANon-U.S. FundLuxembourgIsabelle Moreau, PartnerFund IV-B Lux17518915.22%Solara International Feeder (Cayman) LPReceived2025-06-022025-06-28
Steinbeck Family Trust AGNon-U.S. Family OfficeSwitzerlandHans-Jürgen Steinbeck, TrusteeFund IV-B Lux130140.411.30%Solara International Feeder (Cayman) LPReceived2025-06-022025-07-05
Rheinland Versicherung AGNon-U.S. Insurance CompanyGermanyKlaus Hoffmann, Head of AlternativesFund IV-B Lux15016213.04%Solara International Feeder (Cayman) LPReceived2025-06-022025-06-30BaFin notification not required for restructuring
Bruxelles Private Capital S.A.Non-U.S. Asset ManagerBelgiumMarie-Claire Dufresne, Managing DirectorFund IV-B Lux9097.27.83%Solara International Feeder (Cayman) LPReceived2025-06-022025-07-01
Nordic Infrastructure Partners A/SNon-U.S. FundDenmarkLars Christensen, PartnerFund IV-B Lux75816.52%Solara International Feeder (Cayman) LPReceived2025-06-022025-06-25
Milano Investimenti SpANon-U.S. Asset ManagerItalyGiovanni Bianchi, DirectorFund IV-B Lux6570.25.65%Solara International Feeder (Cayman) LPReceived2025-06-022025-07-04
Helvetia Wealth Management AGNon-U.S. Family OfficeSwitzerlandAnna Keller, Investment DirectorFund IV-B Lux5559.44.78%Solara International Feeder (Cayman) LPPending2025-06-02Swiss regulatory review; expected mid-July
Iberian Capital Partners S.L.Non-U.S. FundSpainCarlos Mendoza, PartnerFund IV-B Lux50544.35%Solara International Feeder (Cayman) LPReceived2025-06-022025-06-27
Seoul Global Investment Corp.Non-U.S. Sovereign FundSouth KoreaMin-Jun Park, Vice PresidentFund IV-B Lux4043.23.48%Solara International Feeder (Cayman) LPReceived2025-06-022025-07-02
Vienna Institutional Partners GmbHNon-U.S. Asset ManagerAustriaMarkus Weber, Portfolio ManagerFund IV-B Lux3537.83.04%Solara International Feeder (Cayman) LPPending2025-06-02Internal approval process ongoing
Lisbon Heritage FoundationNon-U.S. FoundationPortugalSofia Almeida, Investment OfficerFund IV-B Lux8591.87.39%Solara International Feeder (Cayman) LPReceived2025-06-022025-06-29
TOTALFund IV-B Lux11501242100.00%
Total Consents Received865934.275.22%ReceivedThreshold of 66.67% exceeded
Total Consents Pending285307.824.78%Pending3 LPs outstanding
Total Consents Declined000.00%Declined

[sheet: Fund V LP Consent]

LP NameLP TypeDomicileKey ContactFund VehicleCommitted Capital ($M)% of Total Fund CommitmentsConsent StatusDate Consent Solicitation SentDate Consent ReceivedNotes
Pinnacle State Employees' Retirement SystemU.S. Public Pension FundState of PinnacleMargaret Faulkner, CIOFund V LP3406.07%Received2025-06-022025-06-18Consent for both Fund IV and Fund V received simultaneously
Grandview University EndowmentU.S. Tax-Exempt EndowmentMassachusettsHarold Kingsley, Director of InvestmentsFund V LP1853.30%Received2025-06-022025-06-25
Argyle Family Office Holdings LLCU.S. Taxable Family OfficeDelawareElliot Argyle, PrincipalFund V LP1302.32%Received2025-06-022025-06-12
Veltrano Capital Partners LPU.S. Taxable Fund of FundsNew YorkDavid Caruso, PartnerFund V LP2754.91%Pending2025-06-02Same IC review process as Fund IV consent
Oakridge Municipal Pension TrustU.S. Public Pension FundIllinoisJames Hartley, CIOFund V LP4257.59%Pending2025-06-02
Velthryn FoundationU.S. Tax-Exempt FoundationCaliforniaAndrea Marsh, Investment DirectorFund V LP1101.96%Received2025-06-022025-06-20
Crestwood Partners Fund II LPU.S. Taxable Fund of FundsConnecticutMichael Torres, Managing DirectorFund V LP3506.25%Received2025-06-022025-07-08
Harborview Teachers' Retirement FundU.S. Public Pension FundTexasLaura Delgado, Deputy CIOFund V LP2905.18%Received2025-06-022025-06-27
Maplewood Charitable TrustU.S. Tax-Exempt FoundationNew YorkCatherine Blythe, TrusteeFund V LP851.52%Received2025-06-022025-06-15
Cascade Capital Group LLCU.S. Taxable Family OfficeWashingtonJonathan Predding, Managing PartnerFund V LP1452.59%Received2025-06-022025-06-19
Meridian Insurance MutualU.S. Insurance CompanyOhioPatricia Fowler, SVP InvestmentsFund V LP2203.93%Received2025-06-022025-07-01
Lakeshore State Pension AuthorityU.S. Public Pension FundMichiganRobert Ainsworth, CIOFund V LP2504.46%Received2025-06-022025-06-24
Redstone Venture Partners LPU.S. Taxable Fund of FundsCaliforniaBrian Sato, PartnerFund V LP1803.21%Received2025-06-022025-07-05
Westfield Multi-Strategy Fund LPU.S. Taxable Fund of FundsNew YorkDaniel Levy, Managing DirectorFund V LP1652.95%Received2025-06-022025-06-28
Thornhill Family Office TrustU.S. Taxable Family OfficeFloridaElizabeth Thornhill, PrincipalFund V LP1001.79%Received2025-06-022025-06-14
Pacific Northwest Health System EndowmentU.S. Tax-Exempt EndowmentOregonMark Jennings, VP FinanceFund V LP1202.14%Received2025-06-022025-06-21
Summit Ridge Capital Partners LPU.S. Taxable Fund of FundsIllinoisKaren Prescott, PartnerFund V LP1552.77%Pending2025-06-02Awaiting external counsel review
Great Plains Municipal Employees' FundU.S. Public Pension FundNebraskaThomas Beckett, Executive DirectorFund V LP2304.11%Received2025-06-022025-07-03
Ashford Private Wealth Advisors LLCU.S. Taxable Family OfficeNew JerseySandra Ashford, Managing MemberFund V LP751.34%Received2025-06-022025-06-16
Heritage College FoundationU.S. Tax-Exempt EndowmentPennsylvaniaAlan Crawford, Investment Committee ChairFund V LP701.25%Received2025-06-022025-06-23
Clearwater Municipal Pension BoardU.S. Public Pension FundFloridaDiane Quelston, Plan AdministratorFund V LP2754.91%Received2025-06-022025-06-26
Ironbridge Capital Advisors LPU.S. Taxable Fund of FundsMassachusettsGregory Stanton, PartnerFund V LP1602.86%Received2025-06-022025-07-07
Stonewall Partners Family OfficeU.S. Taxable Family OfficeVirginiaWilliam Stonewall III, PrincipalFund V LP1051.88%Pending2025-06-02Reviewing tax impact analysis
Bayshore Community FoundationU.S. Tax-Exempt FoundationCaliforniaNina Yamamoto, Executive DirectorFund V LP951.70%Received2025-06-022025-06-17
Birchwood Insurance Holdings Ltd.Non-U.S. Insurance Co.BermudaSarah Winslow, Head of PE AllocationFund V LP1903.39%Received2025-06-022025-06-30
Westbrook Capital Management LPU.S. Taxable Fund of FundsNew YorkSteven Park, PartnerFund V LP2003.57%Received2025-06-022025-07-02
Golden Gate Endowment FundU.S. Tax-Exempt EndowmentCaliforniaLinda Chen, CIOFund V LP2254.02%Received2025-06-022025-06-22
Heartland Municipal Workers' TrustU.S. Public Pension FundMinnesotaPaul Anderson, Executive DirectorFund V LP1753.13%Pending2025-06-02Board meeting scheduled for July 2025
TOTALFund V LP5600100.00%
Total Consents Received439078.39%ReceivedThreshold of 66.67% exceeded
Total Consents Pending121021.61%Pending5 LPs outstanding
Total Consents Declined00.00%Declined

[sheet: Fund V-A Cayman Consent]

LP NameLP TypeDomicileKey ContactFund VehicleCommitted Capital ($M)% of Total Fund CommitmentsPost-Reorg Destination VehicleConsent StatusDate Consent Solicitation SentDate Consent ReceivedIndependent Counsel ReviewNotes
Nordhaven Sovereign Wealth FundNon-U.S. Sovereign Wealth FundKingdom of NordhavenAnders Bjørkman, Head of Alternative InvestmentsFund V-A Cayman50020.41%Solara International Feeder (Cayman) LPPending2025-06-02Bramhall & Quelwick LLP (Jason Tremaine) — same review as Fund IV-ALargest single LP commitment across all vehicles; $880M aggregate (IV-A + V-A); consent essential
Montrose Asia Pacific Fund Ltd.Non-U.S. FundHong KongKevin Tsang, Portfolio ManagerFund V-A Cayman25010.20%Solara International Feeder (Cayman) LPReceived2025-06-022025-07-03N/A
Valkenburg Pension FundNon-U.S. Pension FundNetherlandsPieter van der Berg, CIOFund V-A Cayman30012.24%Solara International Feeder (Cayman) LPPending2025-06-02Local counsel reviewingExpected by end of July 2025
Whitecliff Capital Advisors Ltd.Non-U.S. Asset ManagerUnited KingdomAlistair Keane, Head of Private MarketsFund V-A Cayman2008.16%Solara International Feeder (Cayman) LPReceived2025-06-022025-06-22N/A
Abu Dhabi Strategic Investment AuthorityNon-U.S. Sovereign Wealth FundUnited Arab EmiratesKhalid Al-Mansouri, Director of Private EquityFund V-A Cayman2259.18%Solara International Feeder (Cayman) LPReceived2025-06-022025-06-29N/A
Pacific Rim Superannuation TrustNon-U.S. Pension FundAustraliaJames Warburton, Head of AlternativesFund V-A Cayman1204.90%Solara International Feeder (Cayman) LPReceived2025-06-022025-07-01N/A
Pinnacle State Employees' Retirement SystemU.S. Public Pension FundState of PinnacleMargaret Faulkner, CIOFund V-A Cayman1506.12%Solara Tax-Exempt Feeder (Cayman) LPReceived2025-06-022025-06-18N/A — relying on LPAC counselConsent received
Grandview University EndowmentU.S. Tax-Exempt EndowmentMassachusettsHarold Kingsley, Director of InvestmentsFund V-A Cayman853.47%Solara Tax-Exempt Feeder (Cayman) LPReceived2025-06-022025-06-25N/A
Meridian Global Opportunities FundNon-U.S. FundCayman IslandsThomas Fraser, Portfolio ManagerFund V-A Cayman903.67%Solara International Feeder (Cayman) LPReceived2025-06-022025-06-27N/A
Tokyo Bay Capital Partners Co., Ltd.Non-U.S. Asset ManagerJapanYuki Tanaka, Senior Managing DirectorFund V-A Cayman1305.31%Solara International Feeder (Cayman) LPPending2025-06-02Japanese regulatory counsel reviewing feeder structureExpected by end of July 2025
Silverstone Hospital FoundationU.S. Tax-Exempt FoundationNew YorkRachel Donahue, Investment DirectorFund V-A Cayman652.65%Solara Tax-Exempt Feeder (Cayman) LPReceived2025-06-022025-06-20N/A
Nelvark Capital Partners ABNon-U.S. Asset ManagerSwedenErik Lindström, Managing PartnerFund V-A Cayman702.86%Solara International Feeder (Cayman) LPPending2025-06-02Swedish regulatory review pendingExpected mid-July 2025
Riverside Community Endowment TrustU.S. Tax-Exempt EndowmentConnecticutBarbara Hensley, TrusteeFund V-A Cayman552.24%Solara Tax-Exempt Feeder (Cayman) LPReceived2025-06-022025-06-19N/A
Harborstone Multi-Asset Fund Ltd.Non-U.S. FundCayman IslandsDamien O'Sullivan, DirectorFund V-A Cayman1104.49%Solara International Feeder (Cayman) LPReceived2025-06-022025-07-02N/A
TOTALFund V-A Cayman2450100.00%
Total Consents Received155063.27%ReceivedBelow 66.67% threshold; Nordhaven critical
Total Consents Pending90036.73%Pending4 LPs outstanding
Total Consents Declined00.00%Declined
Breakdown — Int'l Feeder Destination209585.51%Solara International Feeder (Cayman) LP
Breakdown — TE Feeder Destination35514.49%Solara Tax-Exempt Feeder (Cayman) LP