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Blackstone

About

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.

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Elkstone

The leading Irish Investment House focused on Entrepreneurs, Senior Executives, Institutional LPs, the Venture Community and Irish Diaspora. Our mission is to increase the economic value and overall wellbeing of the Island of Ireland by growing our network, enabling deserving investments and delivering superior investment performance. Putting clients and founders at the heart of what we do. Elkstone’s values of Excellence, Entrepreneurship, Empowerment and Alignment are central to our client experience. We take pride in our collective impact. Overview in numbers€100m+ Ireland’s Largest Seed Fund 1000+ Jobs created by our investment 45+ Team of specialists #2 Irish Unicorns backed at seed stage 250+ Clients 3200+ Properties delivered (1200 apartments and 2000 houses) Our ValuesEntrepreneurship: It is our DNA to make things happen when others don’t. We operate with the mind-set of the business owner, relentlessly and proactively executing the next opportunity. Excellence: We strive for the highest level of quality. We are determined in our pursuit of growth through our own self-improvement. This attitude ensures that excellence becomes a habit. Empowerment: We trust & respect each other to get things done. We encourage autonomy. We commit to being accountable for our actions and take responsibility for our work. Alignment: Our strong One Team culture is our greatest asset. We promote alignment, network compounding and clear communication amongst our team and clients, to excel and enjoy creating legacy together. What makes us differentA Window Into and Out of Ireland: We have a strong reputation and influential position in the Irish ecosystem. We’ve become the go-to Partner for strategic local and inbound institutional investors to Ireland. Alignment and Partnership: As a Family Office, we are unconstrained by the limitations of mainstream wealth management platforms. Our ability to support both start-ups and their founders on their personal journey is unique in the market. Our Unique Local & Global Network: Our clients include some of Ireland’s most successful entrepreneurs, operators, and c-suite executives which adds to our intellectual capital and ability to support portfolio companies. As an independent Private Family Office, we are unconstrained by the limitations of mainstream wealth management platforms. Making a Real Impact: Our Venture and Real Estate investments are addressing important economic, social, and environmental issues in Ireland and beyond. We are nurturing a vibrant Irish innovation and startup ecosystem - creating high-quality employment, and recycling capital to seed the next generation. We achieved legislative change for our EIIS Ireland Venture Fund, democratising access to a wider group of potential investors.

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Devonshire Investors

Headquartered in Boston, Devonshire manages investments on behalf of FMR and its shareholders in businesses outside of the financial services industry. Devonshire invests in directly-held real estate, venture capital and later-stage private equity. Devonshire actively participates in its direct investments, while leveraging expertise across a global platform of holdings in the United States, Europe and Asia. The portfolio targets the telecommunications, technology, natural resources, and life sciences industries. Devonshire has approximately $20 billion in assets under management. The Natural Resources platform consists of holdings in traditional and renewable energy, timber and agriculture real asset investments and comprises more than $2 billion of committed and invested capital across one directly held operating asset and two captive private equity funds. The platform continues to grow and is seeking additional resources to support the current portfolio and underwrite new investments.

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Tiger Iron Capital

We are true partners with the institutions we serve, and the managers with whom we invest. Our long-standing relationships with many of the more notable venture capital firms in the nation, coupled with our experience across market cycles, provide us with coveted access and an informed, long-term perspective. Those relationships also speak to our value as advisers to firms both old and new. All of which serves our mission to identify and back venture capital funds that have the energy, vision, knowledge and resources to capitalize on new, breakthrough waves of technology that will create market leading companies. We are providing our investors and the managers in whom we invest with benefits accruing from over 65 combined years’ involvement in the venture capital industry –Access, Experience and Acumen. Our unique investment structures defy the traditional fund-of-funds model, allowing our institutional investors greater collaboration and control of portfolio construction – all done at historically low fee rates that reflect a variable cost infrastructure developed with 21st Century technologies. CREATIVE, THOUGHTFUL AND BESPOKE ACCESS TO HIGH-PERFORMING VENTURE CAPITAL FUNDS Sophisticated institutions are interested in a more customized and targeted approach to venture fund investing. We believe that close collaboration with our investors is important to achieving desired returns and portfolio objectives. We listen to each investor and thoughtfully select investments that achieve their goals. We work with a small number of large institutional investors and provide them meaningful access to venture capital funds. We offer semi-discretionary, separate account fund management, where investors maintain a degree of control of commitment decisions to ensure each investment fits within their larger portfolio. Our extensive experience includes working within the policy and reporting requirements of a variety of investors, including public pension plans. And we believe that alignment of interest with our investors is a necessary requirement. We are in the business for the promise of returns from investments, not the hope of rich fees from increasing assets under management. SOLVING FOR PROBLEMS IN THE TRADITIONAL FUND-OF-FUNDS MODEL We service just a few large institutional investors very well, and maintain a focus on our highest-performing venture relationships. The venture capital fund investing business is not very scalable. Firms that raise large blind pools and maintain broad venture firm relationships invariably are forced to back median performers. Our bespoke portfolio development model incorporates the best aspects of traditional fund-of-funds with customized, collaborative venture investment selection. “Blind pool” venture funds-of-funds still work well in specific instances, but they generally have become less desirable in a maturing investor landscape. Given the lack of control and visibility of investments and pacing, it’s difficult to know how they fit within an investor’s larger portfolio. Our approach to portfolio development includes active collaboration with our investors to ensure each investment fits well in the context of their broader portfolio objectives. We charge very competitive fees without sacrificing the quality of investments. The traditional fund-of-funds fee drag can be significant, as fees are usually charged on committed capital from the outset. Our fee schedules are designed to minimize the J-curve effect of fees and more directly match fees with commitments. Our variable cost, out-sourced infrastructure model allows us to focus staffing on core competencies and leave fund administration and other functions to best-in-class expert service providers. Legacy fund-of-funds organizations have high fixed-cost infrastructures that require them to continually “feed the beast”. We do not feel pressure to increase assets under management simply to maintain an existing cost base. WHO WE INVEST IN Tiger Iron endeavors to invest in the best venture capital firms in the world. We are fortunate to have partnered with many elite managers, several of which have become perennial powerhouses within the world of venture capital. Those relationships have given our investors exposure to some of the most transformational companies ever created. We seek to invest in venture firms focused on formative stages of company development. While our portfolio skews toward the early stages, we also invest in multi-stage funds with a proven ability to build a portfolio of truly ground-breaking companies. In addition, we have the flexibility to be an additional source of downstream capital for venture firms as a co-investment partner whenever those opportunities arise and can be mutually beneficial. Tiger Iron also believes that some of the most innovative investment strategies are often pioneered by new or under the radar teams that have yet to be recognized. We are frequently hunting for unique managers that we believe have the potential to become leaders in the industry. FOSTERING DEEP RELATIONSHIPS WITH VENTURE FIRMS We understand that venture is a people business and goes far beyond simple capital flows. We invest in people as much as we do in their strategy, vision, and track record. In that regard, we consider our venture managers to be our peers and we strive to build deep, mutually beneficial partnerships that transcend the historical norms of limited partner/general partner relationships. As an investor across the entire venture spectrum, we have a unique industry vantage point that can generate meaningful insights that we openly share with our venture managers. In breaking historical standards, we engage our managers with a great deal of transparency and accessibility, much like we do with our own limited partners. CRAFTING COLLABORATIVE PARTNERSHIPS We are highly collaborative with our managers and strive to be true partners with them. In doing so, we work hard to be supportive and provide mentorship on best practices wherever it may be valuable. We also openly facilitate introductions upstream and downstream across our diverse network of investors, venture relationships and entrepreneurs. Smaller venture managers can often become constrained in their ability to “lean in” on their best investments as companies mature and graduate beyond the scale of the managers’ existing pool of capital. As a co-investment partner, Tiger Iron can be a source of follow-on capital -- thereby providing managers with additional resources whenever it may be appropriate. DEPENDABLE SOURCE OF CAPITAL In an ever-changing industry with many participants, Tiger Iron Capital is seen as a stable source of patient, long-term capital coupled with deep sector expertise. In contrast, many institutional investors focus on a myriad of asset classes and their commitment to venture can oscillate. Others are often seen as “tourists” and go in and out of the asset class as market conditions vary. We are fortunate to have institutional limited partners that share our commitment and long-term vision for the asset class.

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Caruso Ventures

Caruso Ventures LLC is a growing, entrepreneurial organization operating as a single-family office in Boulder, Colorado. We invest across multiple asset classes, including venture capital, private equity, hedge funds, direct investments, real estate, operating companies, crypto, and public securities.

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MIT Investment Management Company

We cultivate an ecosystem of exceptional people and enduring partnerships to sustain MIT’s pursuit of world-class education, cutting edge research, and groundbreaking innovation. MIT Investment Management Company (MITIMCo) is a leading investment management firm which invests exclusively on behalf of MIT to support its educational and research mission. We currently manage over $25 billion in assets. We invest primarily in partnership with external investment managers. We invest all over the world across a variety of strategies including long equity stock picking, hedge funds, private equity, venture capital, real estate, and natural resources.

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Corecam Capital Partners

We target private investment opportunities alongside our investors and provide access to our proprietary deal sourcing. All investments are structured in-house by our team of investment professionals located in Zurich, Vienna, Singapore and Ho Chi Minh City. Investment Focus Our focus is on Private Equity, Real Estate and Venture Capital. Corecam invests opportunistically across the entire capital structure. Our investment sweet spot allows for attractive entry multiples, as it is too large for individuals and too small for institutional investors. Private Equity: We focus on mid market companies in uncorrelated industries that are supported by secular growth trends such as software, health care services and technology enabled business services. Together with our partners, we seek to invest in cash generating and recurring businesses, with the potential to pursue a dedicated buy-and-build strategy with a clear geographic multiple arbitrage. Real Estate: In Real Estate we have historically been focused on affordable multi-family, senior and student housing, as well as commercial and opportunistic real estate transactions. We have a strong track record in development and value-add investments globally. Our portfolio spans across the United States, Australia, Germany, Spain, Vietnam, Austria, United Kingdom, Switzerland, Philippines, India and Korea. Venture Capital: We allocate capital to established startups and specialized Venture Capital funds with top tier track records. Corecam’s investment focus lies in uncorrelated business models. Typically B2B companies with a high share of recurring revenues. Over 60% of Corecam’s current Venture Capital portfolio is focused on software companies. We seek high growth, high margin business models partnering with entrepreneurs, who are building technologies for the next generation. Special Opportunities: Thanks to our proprietary network of investors and partners we have access to a wide range of private market opportunities. Our execution speed and structuring expertise allow us to flexibly participate in such investments. This has led to opportunistic investments into infrastructure, pre-IPOs, IPOs, privatizations and targeted non-bank lending.