Each year, we are grateful for the opportunity to invest in market leading companies alongside outstanding management teams. In 2023, we accomplished a great deal in both investments and firmwide initiatives. We invested in one new platform company in our Business and Technology Services sector, Tech 24, that we believe is emblematic of our thematic approach. We also partnered closely with existing portfolio company management teams to drive significant growth, both organically and through acquisitions, completing a total of nine add-ons in 2023. We recruited and elevated top-tier talent, optimized our strategic/executive network, and deepened our industry expertise to drive value at our portfolio companies. In November 2023, we were pleased to announce the sale of Edward Don, a leading national distributor of foodservice equipment and supplies to restaurant, hospitality, and institutional food service customers, to Sysco. We continue to prioritize returning capital back to our investors and co-investors.

We take pride in our impact, seen not just in our portfolio but also through our vital ESG and DEI programs. Rooted in integrity, transparency, and respect, we value diverse perspectives and impact-oriented investment approaches.

As we move into 2024, we see a landscape shaped by recent economic challenges, offering new opportunities for innovative and impactful investments. Despite ongoing shifts in interest rates, geopolitical uncertainties, and supply chain disruptions, we remain confident in our strategy’s resilience across market cycles. We approach the coming year with optimism, knowing that our team and partners are well-equipped to navigate whatever challenges and opportunities lie ahead. Thank you for your continued trust and support as we embark on this journey together.