Painswick updates adviser brochure with year-end AUM disclosure

Painswick Capital Management LP's brochure dated March 31, 2026 reports approximately $1,585,653,781 in total assets under management as of December 31, 2025, all managed on a discretionary basis. The brochure describes closed-end private equity funds and related vehicles investing in single-asset continuation vehicles. Its material-changes section identifies the AUM update and additional risk and conflicts disclosures. The AUM figure remains approximate, as stated in the source, and is distinct from capital raised for Fund I and related entities. The brochure's date is not substituted for the AUM measurement date.