Investment Rationale

Investment Philosophy

Key Investment Criteria

Sources of Capital

Data Focus Fund Investment Rationale:

• Over the next several years there will be a rapid shift to digital in virtually all enterprise businesses

• The transformation will be led by using data, analytics, AI and cloud computing

• Lower-middle market companies (specifically those in tertiary and secondary Midwest markets) will be disproportionately affected by the transformation

• The Investment Team (leveraging its expertise in data and technology) is uniquely positioned to capture the value from the transformation