Experienced Senior Team Overview

Why We Focus On the Lower End of the Middle Market Upper Middle Market Core Lower Middle Market Companies with EBITDA of $25 million or less We view this market as less competitive than the upper middle market and believe that origination fees and spreads are likely to be higher and lender protections stronger ■ Typically offers higher yields and lower Debt/EBITDA More conservative capital structures Stricter covenants creates opportunity for early involvement during defaults More manageable lender groups (typically 1-3), that facilitate work-outs should they be required ▪ More stringent legal due diligence and lender friendly legal documentation Better access to management ■ ■ Private equity sponsor support for borrowers May create follow-on financing opportunities as companies grow C Over time we expect over 50% of our platform financings to have add-on activity There can be no assurance that the investment objective will be successful or that losses can be avoided. AG Page 093 Proprietary and Confidential Trade Secret 14

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