Investment Thesis

Our Investment Manager is an experienced private equity fund manager with significant investment expertise. Our competitive strengths assist us in achieving our investment objective of producing attractive returns on our capital from our private equity investments while managing investment risk through portfolio diversification.

Broad Experience

The 12 members of the Investment Committee average 16 years with the firm and all of the Investment Committee members have been with the private equity team for at least 10 years. The sourcing and evaluation of the Company’s investments are conducted by the Investment Manager’s team of over 150 investment professionals who specialise in direct equity investments, income investments and fund investments. The Investment Manager currently maintains offices in New York, London, Boston, Dallas, Hong Kong, Milan, Zurich and Bogotá.

Access to Leading Private Equity Sponsors

Our Investment Manager has built strong industry relationships with leading private equity sponsors through its long track record of private equity investing.

Diversification Strategy

We strive to provide our shareholders with an investment in a well-diversified portfolio of private equity investments. We continue to make investments that are diversified by private equity asset class, geography, industry, vintage year and sponsor. We believe that by investing in this manner, we will achieve higher risk-adjusted returns than we would achieve in a less diversified portfolio.

Multiple Tools to Actively Manage the Portfolio and Maintain Full Investment

We employ multiple tools to actively manage our private equity portfolio. Our Investment Manager uses its experience, including proprietary data and analytic capabilities, to apply these tools to prudently and significantly reduce the time required for us to reach and maintain a full investment level. In order to achieve a full investment level, we expect to pursue an “over-commitment” strategy, which will utilize a credit facility to provide us with a ready source of long-term capital to meet future capital calls, provide us with additional flexibility to make investments, and enhance our investment returns. In addition, we also use our co-investments to manage our investment pace over time.

Due Diligence Resources

Through its broad network of private equity and investment banking relationships, the Investment Manager can obtain valuable industry-specific knowledge, information and valuation expertise with which to supplement its team’s sourcing, analysis and evaluation of investment opportunities.