Access to Private Equity Market
BENEFITS TO UNITHOLDERS
Five Pillars to the Optimal Income Stream
Low Volatility
of Cash Flow
Alaris' preferred
distributions are:
Based on top-line
performance and
paid in priority to
other equity
Covered by a cash-
flow buffer and
protective
covenants
Paid
monthly/quarterly
providing steady
cash returns vs
returns on an exit
Volatility reducing
collars on >90% of
current
distributions
Visibility
of Cash Flows
Alaris adjusts its
distributions from
Partners on an
annual basis
Financial health of
Partners is
monitored closely
each month
The Trust has
relatively low
SG&A expenses
relative to
profitability which
has proven the
scalability of the
model
Diversification
of Revenue Streams
Currently have 20
Partners
Long-term goal is
to have no single
revenue stream
>10% of total
revenue (currently
two partners >10%
of revenue)
Liquidity
for Unitholders
Average daily
trading volumes
provide adequate
liquidity for
unitholders
Growth
in Cash Flow per Unit
Historic overall
organic growth in
Partner revenues
of 1% to 6% per
year
Add to cash flow
per unit through
accretive capital
deployment
accelerated by
redeployment of
gains realized on
exit of
investments and
dividends on
common equityView entire presentation