List of 31 Small Asset Manager Investors

Investor	PE Assets $mlns	Portfolio		M&A Activity Buy vs Sell, Last 5 Years
Investor	PE Assets $mlns	Total	Current	M&A Activity Buy vs Sell, Last 5 Years
Ara Partners Houston, Texas, United States Asset Manager • 2017 • website See all 25	-	25	22
Closed Loop Partners New York, New York, United States Asset Manager • website See all 41	-	4	4
DBAY Advisors Douglas, United Kingdom Asset Manager • 2008 • website See all 1	-	4	3
United Western Group Washington, District of Columbia, United States Asset Manager • website	-	1	1
FVS SGR Venice, Italy Asset Manager • 2006 • website See all 2	-	10	7
Azimut Libera Impresa Milan, Italy Asset Manager • 2009 • website See all 10	-	4	4
Antarctica Capital New York, New York, United States Asset Manager • website	-	4	2
Aetos Capital New York, New York, United States Asset Manager • 1999 • website See all 6	-	1	1
Beach Point Capital Management Santa Monica, California, United States Asset Manager • 2009 • website See all 35	-	3	3
The Silverfern Group Greenwich, Connecticut Asset Manager • 2001 • website See all 5	-	22	9
InstarAGF Asset Management Toronto, Ontario, Canada Asset Manager • 2014 • website See all 14	-	10	9
JPB Partners Columbia, Maryland, United States Asset Manager • 1995 • website See all 5	-	39	5
Teslin Capital Management Maarsbergen, Netherlands Asset Manager • 1991 • website See all 2	-	32	30
Cynosure Group Salt Lake City, Utah, United States Asset Manager • 2014 • website See all 27	-	13	13
Quabbin Capital, Inc. Boston, Massachusetts, United States Asset Manager • 1974 • website See all 4	-	25	4
Macarthur Fortune Holding United States Asset Manager	-	1	-

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