• Characteristics: businesses with niche leadership, defensible competitive advantages, strong disruptive growth potential and products/services that solve customers’ points of pain • Size: Companies with greater than $1mm in EBITDA • Sectors: Our sector interest is directly correlated to the quality of experienced executives/operators we partner with, and as such we remain opportunistic. Historically we have invested within the industrial, healthcare and business services sectors • Geography: U.S. • Ownership position: Majority preferred • Investment timeframe: Flexible; 5-15 years