British Columbia Investment Management Corporation

Investment Inventory ListPRIVATE EQUITY | AS AT MARCH 31, 2017 (UNAUDITED)

BCI’S INVESTMENT INVENTORY 1

About BCIBCI is the leading provider of investment management services to British Columbia’s public sector. Our role is to generate investment returns that will enable our clients to meet their future funding obligations. Employing a global outlook, we seek investment opportunities that will meet our clients’ risk and return requirements over time.

Our investment inventory provides an overview of the holdings within BCI’s investment portfolio as at March 31, 2017. BCI holds all assets in trust; clients do not own the individual assets within BCI’s investment portfolio. As BCI acts for many clients with different mandates, the inventory is not representative of the portfolio of any particular client.

BCI is bound by obligations of confidentiality to many parties, including its clients, and does not disclose commercially sensitive information. All values in the investment inventory are unaudited.

This inventory reflects the investments managed by each asset class.

BCI’S INVESTMENT INVENTORY 2

FUND HOLDINGS

ADAMS STREET 2010 US FUND, SERIES B LP

ADAMS STREET PARTNERS 2008 NON-US FUND LP

ADAMS STREET PARTNERS 2008 US FUND LP

ADAMS STREET PARTNERS GLOBAL OPPORTUNITIES SECONDARY FUND II LP

ADAMS STREET PARTNERSHIP FUND - 2006 DIRECT FUND LP

ADAMS STREET PARTNERSHIP FUND - 2006 US FUND LP

ADVENT CENTRAL AND EASTERN EUROPE FUND IV-D LP

ADVENT GLOBAL PRIVATE EQUITY III, LP

ADVENT INTERNATIONAL GPE V-A, LP

ADVENT INTERNATIONAL GPE VI-F, LP

Private EquityBCI provides long-term private capital to companies with strong fundamentals and experienced management. Private Equity represents 5.8 per cent of managed assets.

PRIVATE EQUITY INVESTMENTS As at March 31, 2017 (unaudited)

BCI’S INVESTMENT INVENTORY 3

PRIVATE EQUITY INVESTMENTS As at March 31, 2017 (unaudited)

FUND HOLDINGS

ADVENT INTERNATIONAL GPE VII-A, LP

ADVENT INTERNATIONAL GPE VIII-A, LP

ADVENT LATIN AMERICAN PRIVATE EQUITY FUND III, LP

ADVENT LATIN AMERICAN PRIVATE EQUITY FUND IV-G, LP

ADVENT LATIN AMERICAN PRIVATE EQUITY FUND V-E, LP

ADVENT LATIN AMERICAN PRIVATE EQUITY FUND VI-G, LP

AEA INVESTORS FUND V, LP

AEA INVESTORS FUND VI, LP

AFFINITY ASIA PACIFIC FUND III, LP

AGROS NOVA (A.N. INTERNATIONAL S.À R.L.)

AHT COOLING SYSTEMS GMBH (COOL CO-INVESTMENT)

ALLIED S.A. (LAFEF V AD CO-INVESTMEENT LP)

APAX IX USD, LP

APOLLO OVERSEAS PARTNERS VI, LP

APOLLO OVERSEAS PARTNERS VII, LP

APOLLO OVERSEAS PARTNERS VIII, LP

ARCHER CAPITAL FUND 5, LP

ASIA PACIFIC GROWTH FUND III, LP

ASIAVEST OPPORTUNITIES FUND IV, LP

AVALON PE INVESTMENTS, LP

BAIN CAPITAL FUND XI, LP

BANYAN CAPITAL PARTNERS II, LP

BC EUROPEAN CAPITAL IX, LP

BC EUROPEAN CAPITAL VII, LP

BC EUROPEAN CAPITAL VIII, LP

BIRCH HILL EQUITY PARTNERS II, LP

BLACKSTONE CAPITAL PARTNERS V, LP

BLACKSTONE CAPITAL PARTNERS VI, LP

BLUE COAT / BC BEARCAT HOLDINGS, LP

BCI’S INVESTMENT INVENTORY 4

FUND HOLDINGS

BRIDGEPOINT EUROPE IV, LP

BRIDGEPOINT EUROPE V, LP

BRINSON PARTNERSHIP FUND

BROOKFIELD CAPITAL PARTNERS FUND II (PC), LP

BROOKFIELD CAPITAL PARTNERS FUND III, LP

BROOKFIELD CAPITAL PARTNERS IV, LP

CAI CAPITAL PARTNERS & CO. III, LP

CAI CAPITAL PARTNERS & CO. IV, LP

CANAAN EQUITY II LP (QP)

CANAAN IX, LP

CANAAN VIII, LP

CANAAN X, LP

CASTLELAKE FUND I, LP

CASTLELAKE FUND II, LP

CASTLELAKE III, LP

CASTLELAKE IV, LP

CASTLELAKE OPPORTUNITIES FUND II, LP

CELTIC HOUSE VENTURE PARTNERS FUND III, LP

CERAMTEC GMBH (FAENZA CO-INVEST)

CHINDEX INTERNATIONAL (TPG HEALTHY CO-INVEST LP)

CINVEN FIFTH FUND, LP

CINVEN SIXTH FUND

CINVEN THIRD FUND

CLEARSPRING CAPITAL PARTNERS II, LP

CLICKSOFTWARE TECHNOLOGIES

CPA GLOBAL (REDTOP CO-INVEST LP)

CTBX INTERNATIONAL S.A.R.L

CVC CAPITAL PARTNERS ASIA PACIFIC II, LP

CVC CAPITAL PARTNERS ASIA PACIFIC III, LP

PRIVATE EQUITY INVESTMENTS As at March 31, 2017 (unaudited)

BCI’S INVESTMENT INVENTORY 5

FUND HOLDINGS

CVC CAPITAL PARTNERS ASIA PACIFIC IV, LP

CVC CAPITAL PARTNERS VI, LP

CVC EUROPEAN EQUITY PARTNERS IV, LP

CVC EUROPEAN EQUITY PARTNERS V, LP

CYTOMX THERAPEUTICS, INC. (DIRECT)

DERMIRA, INC. (DIRECT)

DOOSAN MACHINE TOOLS BG

D-WAVE SYSTEMS INC.

ELLUCIAN INC. (TPG VII ENSEMBLE CO-INVEST, LP)

EMDEON INC. (BLACKSTONE EAGLE)

ENERGY FUTURE HOLDINGS CORP (KKR)

EPIC FUND 1 SIDECAR, SLP

EPIC FUND 1, SLP

EVI CORPORATION

EVOQUA

FOUNTAINVEST CHINA GROWTH CAPITAL FUND II, LP

FRANCISCO PARTNERS II, LP

FRANCISCO PARTNERS III, LP

FRANCISCO PARTNERS IV-A, LP

FULCRUM PEF 2005 LIMITED PARTNERSHIP

FULCRUM PEF 2010 LIMITED PARTNERSHIP

GAMUT INVESTMENT FUND I, LP

GLENMOUNT GLOBAL SOLUTIONS, INC.

GREEN EQUITY INVESTORS V, LP

GREEN EQUITY INVESTORS VI, LP

GREEN EQUITY INVESTORS VII, LP

GREENSTONE VENTURE PARTNERS, LP

GRUPPO COIN S.P.A. (ICON CO-INVEST)

GRUPPO COIN S.P.A. (ICON CO-INVEST) - MEZZANINE

PRIVATE EQUITY INVESTMENTS As at March 31, 2017 (unaudited)

BCI’S INVESTMENT INVENTORY 6

FUND HOLDINGS

GTCR FUND XI, LP

HARBOURVEST INTERNATIONAL PRIVATE EQUITY PARTNERS VI - CAYMAN ASIA PACIFIC FUND, LP

HARBOURVEST INTERNATIONAL PRIVATE EQUITY PARTNERS VI - EUROPEAN SMALL-MEDIUM BUYOUT FUND, LP

HARBOURVEST INTERNATIONAL PRIVATE EQUITY PARTNERS V-PARTNERSHIP FUND, LP

HARBOURVEST INT'L PEP III - PARTNERSHIP FUND, LP

HARBOURVEST INT'L PEP IV - DIRECT FUND LP

HARBOURVEST INT'L PEP IV- PARTNERSHIP FUND LP

HARBOURVEST PARTNERS IX - CAYMAN VENTURE FUND, LP

HARBOURVEST PARTNERS SECONDARY OVERFLOW FUND, LP

HARBOURVEST PARTNERS V - PARTNERSHIP FUND LP

HARBOURVEST PARTNERS VI - BUYOUT PARTNERSHIP FUND LP

HARBOURVEST PARTNERS VI - BUYOUT PARTNERSHIP FUND LP (1999)

HARBOURVEST PARTNERS VI - DIRECT FUND LP

HARBOURVEST PARTNERS VI - DIRECT FUND LP (1999)

HARBOURVEST PARTNERS VI - PARTNERSHIP FUND

HARBOURVEST PARTNERS VI - PARTNERSHIP FUND (1999)

HARBOURVEST PARTNERS VII - BUYOUT HOLDING FUND, LP

HARBOURVEST PARTNERS VII - CAYMAN VENTURE FUND LP

HARBOURVEST PARTNERS VIII - CAYMAN VENTURE FUND, LP

HAYFIN SAPPHIRE LP

HEALTHCARE TECHNOLOGY HOLDINGS INC. (IMS HEALTH/ICEBERG)

HELLMAN & FRIEDMAN CAPITAL PARTNERS VI, LP

HELLMAN & FRIEDMAN CAPITAL PARTNERS VIII (PARALLEL), LP

HELLMAN AND FRIEDMAN CAPITAL PARTNERS VII, LP

IK INVESTMENT PARTNERS 1997 LP 1

IK INVESTMENT PARTNERS 2000 LP IV, LP

IK INVESTMENT PARTNERS 2004, LP

IK INVESTMENT PARTNERS 2007, LP

PRIVATE EQUITY INVESTMENTS As at March 31, 2017 (unaudited)

BCI’S INVESTMENT INVENTORY 7

FUND HOLDINGS

IK VII NO. 2 LP

IMMUCOR INC. (TPG IVD CO-INVEST)

INDIA VALUE FUND V, LP

INGHAM ENTERPRISES PTY LIMITED (TPG ADAMS CO-INVEST LP)

INPHI CORPORATION (DIRECT)

INTERNATIONAL MEAL COMPANY - BRL

INTERNATIONAL MEAL COMPANY - USD

KERN ENERGY PARTNERS FUND I, LP

LONE STAR FUND X (BERMUDA), LP

MATLIN PATTERSON FUND II PREFERRED EQUITY

MATLINPATTERSON GLOBAL OPP. PTNRS. III

MATLINPATTERSON GLOBAL OPPORTUNITIES PARTNERS II, LP

MBK PARTNERS FUND IV, LP

MCGRAW-HILL EDUCATION

MCLEAN WATSON SOFTECH LP 1

MCLEAN WATSON VENTURES II, LP (1998)

MCLEAN WATSON VENTURES II, LP (1999A)

MEDICAL PARK (MP CO-INVEST LP)

MERIT MEZZANINE PARALLEL FUND V, LP

MG STRATUM FUND III, LP

MWI & PARTNERS MERCHANT BANKING FUND LP 1

NAVIS ASIA FUND VII, LP

NEW MOUNTAIN PARTNERS IV, LP

NEWBRIDGE ASIA IV, LP

NEWSTONE CAPITAL PARTNERS II, LP

NEWSTONE CAPITAL PARTNERS III, LP

NORTHSTAR EQUITY FUND IV LIMITED

NORTHSTAR EQUITY PARTNERS III, LTD.

OAKTREE EUROPEAN PRINCIPAL FUND III, LP

PRIVATE EQUITY INVESTMENTS As at March 31, 2017 (unaudited)

BCI’S INVESTMENT INVENTORY 8

FUND HOLDINGS

OAKTREE EUROPEAN PRINCIPAL OPPORTUNITIES II, LP

OAKTREE OPPORTUNITIES FUND IX, LP

OAKTREE OPPORTUNITIES FUND X, LP

OAKTREE OPPORTUNITIES FUND XB, LP

OAKTREE PRINCIPAL FUND V, LP

OAKTREE PRINCIPAL OPPORTUNITIES FUND IV, LP

OBERTHUR TECHNOLOGIES (GPE VI OT CO-INVESTMENT)

ORCHID ASIA FUND VI, LP

ORIENTAL BREWERY

PACIFIC BIOENERGY CORPORATION

PACIFIC BIOENERGY CORPORATION (2011)

PACVEN WALDEN VENTURES V, LP

PAI EUROPE V

PAI EUROPE VI

PANGAEA ONE, LP

PANGAEA TWO PARALLEL, LP

PANTHEON ASIA FUND II LIMITED

PANTHEON USA FUND III LIMITED

PANTHEON USA FUND IV LIMITED

PARALLEL49 EQUITY FUND V, LP

PENFUND CAPITAL FUND III, LP

PENFUND CAPITAL FUND IV, LP

PENFUND CAPITAL FUND V-C LIMITED PARTNERSHIP

PERCEPTRONIX MEDICAL INC.

PILOT AIR FREIGHT LLC

PINEBRIDGE GLOBAL EMERGING MARKETS PARTNERS, L.L.C

POLARIS PARTNERS VII, LP

POLARIS VENTURE PARTNERS III, LP

POLARIS VENTURE PARTNERS V, LP

PRIVATE EQUITY INVESTMENTS As at March 31, 2017 (unaudited)

BCI’S INVESTMENT INVENTORY 9

FUND HOLDINGS

POLARIS VENTURE PARTNERS VI, LP

PT MAC SARANA DJAYA

RFG PRIVATE EQUITY LIMITED PARTNERSHIP NO. 1

RICHARDSON CAPITAL PRIVATE EQUITY LP NO. 2

RRJ CAPITAL MASTER FUND III, LP

SCHENCK PROCESS (DIRECT)

SEARCHLIGHT OPPORTUNITIES FUND, LP

SEBIA (DIACINE HOLDINGS)

SONIVATE MEDICAL, INC.

SWISSPORT INTERNATIONAL AG

TA ATLANTIC AND PACIFIC VII-B LP

TA XI, LP

TA XII, LP

TAILWIND CAPITAL PARTNERS, LP

TERVITA CORPORATION (DIRECT)

THE FOURTH CINVEN FUND

TORQUEST PARTNERS III, LP

TPG ASIA V, LP

TPG ASIA VI, LP

TPG PARTNERS IV, LP

TPG PARTNERS V, LP

TPG PARTNERS VI, LP

TPG PARTNERS VII, LP

TRICOR PACIFIC CAPITAL PARTNERS FUND IV, LP

TRIWEST CAPITAL GROWTH FUND LIMITED PARTNERSHIP NO. II

TRIWEST CAPITAL PARTNERS III, LP

TRIWEST CAPITAL PARTNERS IV, LP

TRIWEST CAPITAL PARTNERS V, LP

TURKISH PRIVATE EQUITY FUND III, LP

PRIVATE EQUITY INVESTMENTS As at March 31, 2017 (unaudited)

BCI’S INVESTMENT INVENTORY 10

FUND HOLDINGS

UNIVERSAL RAIL SYSTEMS INC.

VANEDGE CAPITAL I, LP

VENTURES WEST 8 LIMITED PARTNERSHIP

VILLAGE ROADSHOW ENTERTAINMENT GROUP

WARBURG PINCUS PRIVATE EQUITY XI, LP

WAYZATA OPPORTUNITIES FUND II, LP

WAYZATA OPPORTUNITIES FUND III, LP

WELLSPRING CAPITAL PARTNERS IV, LP

WELLSPRING CAPITAL PARTNERS V, LP

YALETOWN VENTURES I, LP

YALETOWN VENTURES II, LP

ZIYLAN GRUPE (MATER CO-INVEST)

PRIVATE EQUITY INVESTMENTS As at March 31, 2017 (unaudited)

BRITISH COLUMBIA INVESTMENT MANAGEMENT CORPORATION750 Pandora Ave, Victoria BC V8W 0E4 CANADA / BCI.ca

BCI is the investment agent for many institutional clients; the views and opinions expressed in this report are those of BCI and do not necessarily represent the views of its clients. The information in this report is provided as of the date hereof. Neither the delivery of the report nor any further discussions in relation to BCI will under any circumstances create any implication that there has been no change in the affairs of BCI since the date of this report. All rights reserved. Contents copyright © BCI 2018.

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