Portfolio companies identified do not represent all of the portfolio company investments made by the NexPhase team and, in particular, only reflect portfolio company investments made by the NexPhase team in NexPhase’s current focus sectors (i.e., Consumer, Healthcare and Software) since Q4 2010 when NexPhase’s core strategy was implemented. A full list of portfolio company investments, including those made pre-Q4 2010 and/or in other sectors that are no longer a focus for NexPhase (e.g., Industrial Services, Financial Services) is available upon request. No assumptions should be made that these, or any other investments, were or will be profitable. Some listed portfolio companies represent investments made by the NexPhase team while part of Moelis Capital Partners.