A trusted partner to business owners

Partnership focus

• We are a dedicated partner to our portfolio companies and support management by providing a broad base of experience and strategic resources

• We have a deep network of industry executives and experts who are willing to get involved in supporting portfolio company management

Alignment

• Our preference is to invest in common equity alongside management teams

• We partner exclusively with management-owned businesses and we only invest when we have alignment with operating managers through ownership

• Our investment team has significant capital at risk in the firm’s investment funds, demonstrating our strong belief in alignment

Long-term perspective

• We invest with a long-term perspective and we prefer longer hold periods

• With patient capital, we have flexibility and time to execute growth strategies

• We prefer continued growth over arbitrary deadlines and we collaborate with management on exit timing and planning

Flexibility

• We are flexible on transaction structuring and are willing to be minority, non-control investors

• We are comfortable in a substantial minority position because we believe alignment with management through ownership facilitates strong partnerships and better outcomes

Growth-oriented

• We have a value-added approach to drive growth that includes a focus on organizational development, product and service expansion, sales strategy and various acquisition and inorganic initiatives

• Our capital is used to fund growth initiatives, address partial shareholder liquidity needs or support acquisition opportunities

Strong history

• Our team has a wide variety of backgrounds and substantial investment experience in numerous industries and situations

• We have deep experience investing in the following industries: business services, including technology-enabled business services (SaaS, software and IT services), value-added resellers and technology; media and communications; financial services; and consumer products

Limited financial leverage

• We view financial leverage cautiously and we focus on value creation through growth

• With our low-leverage model, portfolio companies can pursue growth without substantial restrictions from covenants or mandatory payments

• We don’t charge consulting fees to our portfolio companies

Stewardship

• We have a proven record of being a value-added partner given our experience, resources and relationships while preserving the culture and legacy of the founders

Investor base

• We have a diverse and long-tenured limited partner base with a foundation of sophisticated institutions that have entrusted us with ever increasing levels of capital