Nothing presented herein is intended to constitute investment advice, and under no circumstances should any information provided herein be used or considered as an offer to sell or a solicitation of an offer to buy an interest in any investment fund managed by Northgate. Information provided reflects Northgate’ views as of a particular time. Such views are subject to change at any point and Northgate shall not be obligated to provide notice of any change. While Northgate has used reasonable efforts to obtain information from reliable sources, we make no representations or warranties as to the accuracy, reliability, or completeness of third party information presented herein.

The information regarding specific portfolio companies is presented to illustrate examples of the types of investments that Northgate may have made or recommended as of a particular date. It may not be representative of any current or future investments, and the performance of these investments is not necessarily indicative of the performance of all investments made or recommended by Northgate. It should not be assumed that such investments were or will be profitable or that any portfolio company investments made in the future will equal the performance of the companies identified herein. No guarantee of investment performance is being provided and no inference to the contrary should be made. Past performance is not indicative of future results.

The quotes and case studies set forth herein are from members of current and former Northgate’ portfolio companies and other third parties with whom Northgate interacts. Statements relate to the nature and type of management services provided by Northgate and do not constitute testimonials related to Northgate’ investment advisory services and no inference to the contrary should be made. The criteria used to select which companies are included in the case studies was not financial performance based and nothing presented herein is intended to constitute investment advice and under no circumstances should any information provided herein be used or considered as an offer to sell or a solicitation of an offer to buy an interest in any investment fund managed by Northgate. Northgate does not solicit or make its services available to the public and none of the funds are currently open to new investors. Any reference to outperformance refers to performance versus the benchmarks stated within each fund’s private placement memorandum and/or limited partnership agreement. Past performance is not indicative of future performance.

All data presented is as of 12/31/16.