List of 8 Software 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
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
Canadian Business Growth Fund (CBGF) Toronto, Ontario, Canada Growth Capital Firm • 2018 • website See all 9	545	29	24
FirePower Equity Toronto, Ontario, Canada Merchant Bank • 2012 • website See all 18	-	7	6
CBRE Caledon Toronto, Ontario, Canada Private Equity Firm • 2006 • website See all 10	2,500	3	3
CIEL Capital Toronto, Ontario, Canada Private Equity Firm • 2012 • website See all 8	-	6	5
Whitecap Venture Partners Toronto, Ontario, Canada Venture Capital Firm • 1993 • website See all 7	171	11	-

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Ontario Software Shareholder Liquidity Investors