Rhode Island State Investment Commission
THE ENDEAVOUR INVESTMENT MODEL
The Endeavour
Garden
ENDEAVOUR
Endeavour
Opportunities
The Endeavour
Deal
Value-Add &
Growth
Exit
Commitment to direct sourcing
Long-term perspective combined with discipline and patience
Companies seeking to go to the next level with local partners over price and leverage
Custom Solutions
Partnership alignment
MOI potential exceeding 3.0x and gross gain opportunity over $100 million, with
minimal loss of capital risk
Funds V - VII average entrance EV / EBITDA multiple of 6.6x
Accountable and measurable portfolio plan focused around on-ramping, value creation
and multiple expansion
Funds V & VI average multiple expansion of 3.5x for companies exited to date
Drive and track an "Exit Ready" plan
Please see important definitions and disclaimers sections in this document
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