List of 7 Generalist Internet Software and Services Investors in Minnesota

Investor	PE Assets $mlns	Portfolio	M&A Activity Buy vs Sell, Last 5 Years
Spell Capital Partners Edina, Minnesota, United States Private Equity Firm • 1988 • website See all 8	750	57	11
Northern Pacific Group Minneapolis, Minnesota, United States Private Equity Firm • 2012 • website See all 6	-	12	10
GMB Capital Partners Minneapolis, Minnesota, United States Mezzanine Finance Firm • 2005 • website See all 10	800	8	1
Healy Capital Partners Minneapolis, Minnesota, United States Private Equity Firm • 2018 • website See all 2	-	2	2
Oxbow Industries Minneapolis, Minnesota, United States Private Equity Firm • 2004 • website See all 6	700	7	6
Granite Partners St. Cloud, Minnesota, United States Private Equity Firm • 2002 • website See all 16	-	16	9
Hunter Trust LLC Minneapolis, Minnesota, United States Family Office • 2000 • website See all 4	-	13	5

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Minnesota Generalist Internet Software and Services Investors