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Recommendation Report

Hamilton Lane Investment Considerations Georgian will be able to support the rapid expansion of its platform The General Partner will continue to differentiate its value proposition from its peers Georgian will appropriately mitigate potential conflicts with the Alignment Fund ā— December 2021 | Proprietary and Confidential ā— Executive Summary (cont.) The General Partner is raising substantially more capital between the two funds, while aiming to meaningfully grow the firm Georgian has thoughtfully expanded the firm over prior fundraises, focusing its effort on increasing operational resources to support portfolio companies Georgian targets a highly competitive market that has well-established firms and investors with strong brand names and sizable value-add platforms The General Partner offers management teams a differentiated value strategy, leveraging a unique founder community and in-house software tools to complement its value-add capabilities to help enable future growth at portfolio companies The Alignment Fund will be used to preempt later rounds in existing portfolio companies, which could present conflict when setting the new valuations The Alignment Fund is not expected to be an exit vehicle for the Growth Fund, and the General Partner expects all rounds led by the Alignment Fund to be priced at a discount to market comps Executive Summary | General Partner | Investment Strategy | Track Record | ESG | Appendices Georgian Growth Fund VI, LP & Georgian Alignment Fund II, LP | Page 7
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