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PRIVATE EQUITY: GROWTH

Utilizing a "fund of funds" approach to growth capital investments in companies with enterprise values of $500M-$10B

360Learning

EUR

Learning management system

2021

Software

NA

0.3%

1.0x

AA Ireland

EUR

Roadside assist/brokerage svcs

2020

Financial Svcs

$250,000,000

0.6%

1.5x

Aareal Bank

EUR

Real estate bank, advisory and PMC

2022

Financial Services

$2,000,000,000

1.0%

1.0x

Addison Group

US

Staffing and consulting services provider

2021

Business Services

$1,100,000,000

1.1%

1.3x

Adthrive

US

Advertising management platform

2021

Software

NA

0.6%

1,0

AdvantageCare Rehabilitation

US

Rehabiliation centers

2020

Heathcare

NA

0.5%

1.0x

AmeriLife

US

Annuity and life insurance distributor

2020

Financial Svcs

$1,100,000,000

0.6%

2.7x

Anaplan

US

SaaS planning software

2022

Software

$10,600,000,000

3.6%

1.0x

Auctane

US

Shipping software for ecommerce markets

2021

Software

$6,100,000,000

0.7%

0.8x

Beqom

US

Compensation mgmt software

2022

Software

NA

0.5%

1.0x

Boomi

US

IPaaS integration software

2021

Software

$4,000,000,000

0.9%

1.0x

Brooks Automation

US

Robotic contamination controls for semi fab plants

2022

Technology

$3,000,000,000

0.7%

1.2x

C.H. Guenther

US

#1 global bakery to restaurants and retailers

2021

Consumer

$3,100,000,000

1.1%

1.0x

Cegrid

EUR

French midmarket ERP software provider

2022

Software

$5,600,000,000

2.5%

1.0x

Chemical Guys

US

Markets and designs auto care/detailing products

2021

Consumer

$1,200,000,000

0.7%

0.7x

Chosen Foods

US

Avocado-based consumables

2021

Consumer

NA

0.5%

1.0x

Consilio

US

eDiscovery and document review for litigation

2021

Business Services

$2,400,000,000

0.8%

1.7x

Convera

US

fka - Western Union Business Svcs

2021

FinTech

NA

0.9%

1.0x

Convex Group LTD

EUR

Multi-line insurance

2020

Insurance

NA

0.6%

1.0x

DISA Global Solutions

US

employee test, screen & workplace safety svcs

2022

Business Services

$700,000,000

1.4%

1.0x

Engineering Informatica

EUR

Italian IT services/digital transformation

2020

Technology

$1,600,000,000

0.5%

1.9x

Ensemble Health

US

Hospital and healthcare revenue cycle mgmt services

2022

Healthcare

$5,100,000,000

0.7%

1.0x

Envision Pharma Group

US

Pharma development lifecycle SaaS

2021

Software

NA

0.9%

1.0x

Epidemic Sound

EUR

Music tech - 32K royalty-free songs/90K sound effects

2021

Communicatons/Media

$1,400,000,000

0.3%

0.7x

Flourish Research

US

Clinical trials + R&D

2022

Life Science

NA

0.5%

1.0x

Follett

US

#2 contract operator of higher ed retail solutions

2022

Education

$411,000,000

0.5%

1.0x

Forescout Technologies

US

Cybersecurity

2020

Technology

NA

0.4%

1.0x

FourKites

US

API-based transportation solutions , RT shipping locator

2021

Technology

$650,000,000

0.4%

1.4x

Fullscript

US

RX and Wellness software

2021

Software

NA

1.3%

1.0x

Gainwell Technologies

US

Largest Medicare claims processing software/svcs

2020

Healthcare IT

$5,000,000,000

1.3%

2.9x

Greenix

US

Pest Control

2020

Consumer

NA

1.1%

1.0x

Greenphire

US

Payment & logistics software for clinical researchers

2021

Software

$1,100,000,000

0.2%

0.9x

HASA, Inc

US

Clean, healthy water products

2020

Industrial

NA

0.3%

1.0x

HighLevel

US

Sales and Marketing automation

2021

Software

NA

0.9%

1.0x

Highline Aftermarket

US

Manufacturer/distributor 25,000 auto aftermkt skus

2020

Industrials

$1,400,000,000

0.6%

0.9x

ITS Logistics

US

3rd party logisitics

2021

Logistics

NA

0.7%

1.0x

Identity Digital

US

Internet top level domain owner/operator

2021

Digital Infrastructure

$1,800,000,000

0.7%

2.2x

Ingram Micro

US

Technology, cloud solutions e-commerce supply chain

2021

Information Tech

$6,900,000,000

0.6%

2.7x

Intelligent Medical Devices

US

translates dr. shorthand into clinical & billing codes

2022

Software

$1,600,000,000

2.6%

1.0x

Ivanti

US

IT Automation and monitoring

2021

Software

NA

0.6%

1.0x

Jio Platforms

APAC

India's largest 4G network/digital consumer

2020

Telecom

$67,500,000,000

0.5%

1.3x

Jonathon Engineered Solutions

US

Design/Manufacture slides,isolators in zero failure sites

2021

Industrials

$279,000,000

0.3%

1.1x

Kroll

US

Global governance/risk solutions

2020

Financial Svcs

$4,200,000,000

1.0%

1.7x

Körber

EUR

#1 warehouse mgmt, voice control and robotics solutions

2022

Software

$2,100,000,000

0.5%

1.0x

Lenskart

APAC

India's largest eyeware, contacts, sunglasses. 700 stores

2021

Consumer

$1,500,000,000

0.3%

1.8x

Loopio

Canada

RFP Management software

2021

Software

NA

0.3%

1.0x

MRI Softwre

US

Real estate property mgmt software

2020

Software

$3,400,000,000

0.6%

1.5x

Magenta (Trellix/Skyhigh)

US

Enterprise security solutions

2021

Software

$4,000,000,000

0.8%

1.0x

Monroe Engineering

US

Hardware and components supplier for OEM

2021

Industrials

$401,000,000

0.8%

1.0x

NEWCO A

US

TO BE ANNOUNCED

2022

NA

2.6%

1.0x

NEWCO B

US

TO BE ANNOUNCED

2022

NA

1.0%

1.0x

NEWCO C

US

TO BE ANNOUNCED

2022

NA

1.7%

1.0x

National Trench Safety

US

Trench safety for underground construction rental /sale

2021

Industrials

$735,000,000

0.3%

1.5x

Open Health

US

medical affairs services to the biopharma sector

2022

Healthcare

$1,300,000,000

0.9%

1.0x

Opus 2

US

#1 dispute and trial mgmt software/services

2021

Software

$320,000,000

0.5%

0.8x

Pace Analytical

US

Environmental/Life Science testing

2021

Life Science

NA

0.8%

1.0x

Pete & Gerry's

US

Organic Cage free eggs

2021

Consumer

NA

0.6%

1.0x

Phaidon

US

Global recruiting business

2022

Business Services

$700,000,000

0.8%

1.0x

Precisely

US

Data integrity, enrichment, locale intelligence software

2021

Software

$3,600,000,000

0.4%

2.6x

ProAmpac

US

Flexible packaging food, medical, pet care, security

2020

Packaging

$3,600,000,000

0.8%

1.4x

ProSight

US

Property & Casualty insurer

2021

Financial Services

$835,000,000

0.7%

1.0x

Proofpoint

US

Cybersecurity for email and cloud

2021

Software

$11,700,000,000

1.8%

1.0x

PropertyGuru (NYSE:PGRU)

US

SE Asia #1 digital classified ads

2020

Technology

$583,000,000

0.4%

0.8x

QualityMetric

US

PRO and patient-centric outcome reporting

2020

Healthcare

NA

0.7%

1.0x

RealPage

US

#1 real estate data analytics software

2021

Software

$10,600,000,000

0.7%

1.0x

Regency Family

US

Pet cremetorium and after death svcs

2020

Consumer

NA

0.1%

1.0x

Reliance Retail

US

India's #1 retailer - cons. elect. , grocery, fashion

2020

Consumer

$56,100,000,000

0.4%

1.4x

Safecor

US

Unit dose drug packaging

2021

Healthcare

NA

0.6%

1.0x

Safety Products

US

Manufacturer safety cutting tool systems

2020

Industrials

$306,000,000

0.1%

1.2x

Sailpoint

US

Identity Governance and Administration

2022

Software

$7,300,000,000

1.4%

1.0x

Sevita

US

US home health care services provider

2022

Healthcare

$3,000,000,000

1.2%

1.0x

Shiloh Industries

US

Lightweighting materials

2020

Manufacturing

NA

0.6%

1.0x

Smart Care

US

Commercial kitchen repair, clean,parts, food svc equipment

2022

Business Services

$599,000,000

0.5%

1.3x

Smart Start

US

#1 ignition lock/breathalyzer locks for DUI prevention

2022

Technology

$673,000,000

0.5%

1.0x

Solenis

US

Speciality chemicals for water-intensive industries

2021

Industrials

$6,200,000,000

1.2%

1.1x

Specialty Products & Insulation

US

#1 VAR and fabricator of insulation products

2021

Industrials

$407,000,000

0.5%

1.8x

Spotless Brands/Access Holdings

US

Car wash facilities

2020

Consumer

NA

0.3%

1.0x

StubHub/Viagogo

US

Online event ticket platform

2020

Consumer

$6,500,000,000

0.3%

3.5x

Sygnature Discovery

US

Outsourced drug discovery and preclincal research

2021

Healthcare

$295,000,000

0.3%

0.9x

TRUE Potential

EUR

Vertically-integrated wealth manager

2022

Financial Services

$2,400,000,000

1.6%

0.9x

Telxius

EUR

Telefonica spinoff US-LATAM intl carrier /towers

2020

Telecom

$5,100,000,000

1.0%

1.5x

Trinity Life Sciences

US

#1 pharma data analytics service provider

2021

Healthcare

$1,400,000,000

0.5%

1.1x

Trustly

EUR

Nordic fintech for acct-acct payments

2020

Financial Svcs

$1,700,000,000

0.4%

1.6x

US Fertility

US

Fertility mgd network provider

2021

Healthcare

NA

0.7%

1.0x

Uber Freight

US

Digital freight matching full truckload platform

2020

Technology

$3,200,000,000

0.4%

1.4x

Wahoo Fitness

US

#1 connected fitness equipment co. sub-based ARR

2021

Fitness Technology

$625,000,000

0.4%

0.4x

Waterlogic

US

Water filtration POU rentals

2020

Business Svcs

$1,800,000,000

0.3%

1.4x

Xlerate Group

US

Auto auctions

2022

Consumer

NA

0.9%

1.0x

Zuoyebang

APAC

China's 2nd largest K-12 online tudor/question bank

2020

Technology

$5,800,000,000

0.3%

0.4x

ironSource (NYSE: IS)

US

Gaming & telecom user engagement/growth software

2021

Software

$10,000,000,000

0.9%

0.3x

Trademarks and service marks referenced herein are either trademarks or registered trademarks of their respective owners. Other product and company names mentioned herein may be trademarks of their respective owners.

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TABLE DEFINITIONS

​

MOIC =  Multiple on Invested Capital (Investment Value / Paid In Capital)

IRR = Investment Rate of Return

Company EV$ = Investment company enterprise value

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