List of 11 Distribution Shareholder Liquidity Investors in Ontario

Investor	PE Assets $mlns	Portfolio	M&A Activity Buy vs Sell, Last 5 Years
Birch Hill Equity Partners Toronto, Ontario, Canada Private Equity Firm • 1994 • website See all 21	3,800	64	16
Northleaf Capital Partners Toronto, Ontario, Canada Asset Manager • 2009 • website See all 45	22,000	25	24
TerraNova Partners Toronto, Ontario, Canada Private Equity Firm • 2004 • website See all 5	-	16	9
Canadian Business Growth Fund (CBGF) Toronto, Ontario, Canada Growth Capital Firm • 2018 • website See all 9	545	29	24
TrussPoint Equity Partners Toronto, Ontario, Canada Private Equity Firm • 2021 • website See all 3	-	1	1
Northern Private Capital Toronto, Ontario, Canada Private Equity Firm • 2013 • website	-	5	5
CIEL Capital Toronto, Ontario, Canada Private Equity Firm • 2012 • website See all 8	-	6	5
Auxo Management Mississauga, Ontario, Canada Private Equity Firm • 2010 • website See all 2	-	2	1
Priveq Capital Funds Toronto, Ontario, Canada Private Equity Firm • 1994 • website See all 2	85	6	2
Bedford Capital Management, Inc. Toronto, Ontario, Canada Private Equity Firm • 1982 • website See all 4	76	7	1
Elgner Group Toronto, Ontario, Canada Private Equity Firm • 1993 • website See all 4	-	-	-

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Ontario Distribution Shareholder Liquidity Investors