List of 13 Consolidation Investors in Canada

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
WestBridge Capital Saskatoon, Saskatchewan, Canada Private Equity Firm • 2007 • website See all 12	-	14	13
Clearspring Capital Partners Toronto, Ontario, Canada Private Equity Firm • 2002 • website See all 5	456	12	7
Thrust Capital Partners Montreal, Quebec, Canada Private Equity Firm • 2021 • website See all 3	-	2	2
Banyan Capital Partners Toronto, Ontario, Canada Private Equity Firm • 1999 • website See all 3	-	21	7
Northleaf Capital Partners Toronto, Ontario, Canada Asset Manager • 2009 • website See all 45	22,000	25	24
TorQuest Toronto, Ontario, Canada Private Equity Firm • 2002 • website See all 19	2,280	44	17
Fulcrum Capital Partners Vancouver, British Columbia, Canada Private Equity Firm • 2011 • website See all 8	760	42	10
&Capital Toronto, Ontario, Canada Private Equity Firm • 2022 • website See all 2	-	1	1
McCain Capital Partners Toronto, Ontario, Canada Family Office • 2017 • website See all 1	-	4	3
Penfund Toronto, Ontario, Canada Mezzanine Finance Firm • 1979 • website See all 13	2,052	40	10
Persistence Capital Partners Montreal, Quebec, Canada Private Equity Firm • 2008 • website See all 9	-	20	7
XPND Capital Montreal, Quebec, Canada Growth Capital Firm • 2011 • website See all 2	-	8	3
Bedford Capital Management, Inc. Toronto, Ontario, Canada Private Equity Firm • 1982 • website See all 4	76	7	1

Canada Consolidation Investors