CohnReznick LLP

A n I n t r o d u c t i o n t o C o h n R e z n i c k ’ s S e r v i c e s f o r P r i v a t e E q u i t y G r o u p s a n d

S i n g l e F a m i l y O f f i c e D i r e c t I n v e s t o r s

May 2, 2023

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C O H N R E Z N I C K B Y T H E N U M B E R S

One of the top accounting, tax, and advisory firms in the U.S.

Blends the deep resources and technical acumen of a large accounting firm with a hands-on, entrepreneurial service approach that growing organizations require

Serves clients in numerous industries International reach via Nexia member firms in more than

100 countries

11thLARGEST ACCOUNTING

FIRM

2700+EMPLOYEES

300PARTNERS

30CITIES

$575+MILLION IN ANNUAL

REVENUES

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G E O G R A P H I C C O V E R A G E

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A B R O A D P O R T F O L I O O F S E R V I C E S

Accounting and Assurance Services

Tax Services AdvisoryCohnReznick

Affiliated Companies

Audits, Reviews, and Compilations

Employee Benefit Plans IFRS SOC 1, 2, 3 / SSAE 16 Agreed upon procedures Accounting outsourcing

and consultations Public company services IT audit and controls

review

Tax compliance and preparation

Strategic tax planning Corporate tax

outsourcing Private clients Federal tax Trust and Estate International tax State and local tax Transfer pricing Cost segregation studies New market tax credits Tax specialty services Tax credit advisory

Bankruptcy and restructuring

Computer Forensics and eDiscovery

Cybersecurity Forensic and litigation Governance, Risk and

Compliance Government and Public

Sector Management

Consulting and CFO Advisory

Real Estate Advisory / NOI Strategies

Technology and Digital Services

Transactional Advisory and M&A Consulting

Valuation

CohnReznick Benefits Consultants

CohnReznick UIC Consultants LLC

CohnReznick Real Estate LLC

CohnReznick Professional Services PVT, Ltd.

CohnReznick Wealth Management LLC

Integratec Services, LLC

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O U R I N D U S T R Y E X P E R I E N C E

Affordable Housing Apparel and Fashion Commercial Real Estate Construction Educational Institutions Entertainment Financial Services Government Government Contractors Healthcare Hospitality Law Firms Life Sciences Manufacturing and Distribution Marketing Communications

Companies

Medical Mortgage Finance/Consumer

Lending Not-for-Profit Private Equity/Venture Capital Real Estate Investment Trusts Renewable Energy Retail and Consumer Products Technology and New Media

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G L O B A L C A PA B I L I T I E S

To meet this need, CohnReznick is an independent member of Nexia International. Leading provider of audit and

advisory services worldwide $2.9 billion in total revenue 23,000 professionals 600+ offices 105 countriesWe take a proactive role in Nexia, serving as one of two U.S. firms on its board of directors and regularly meeting with and training member firms around the world. This allows us to provide our clients with unified and consistent solutions around the globe.

Geographic boundaries are no longer barriers to doing business. But doing business in other countries requires reliable and experienced accounting, tax and business advice from practitioners “on the ground” in those jurisdictions.

CohnReznick is an independentmember of Nexia International

C O M P R E H E N S I V E P R I V A T E E Q U I T Y A N D V E N T U R E C A P I T A L S O L U T I O N S

Current market conditions demand that financial investors shift strategies and disrupt “business as usual” to respond and adapt to a progressively dynamic business and economic environment.An abundant supply of capital and continued eagerness for investment activity within the private equity community has elevated the importance of sourcing new acquisitions, increasing certainty

of close, financing, and building portfolio company value--all among an increasing complex regulatory environment.

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C O M P R E H E N S I V E P R I V A T E E Q U I T Y A N D V E N T U R E C A P I T A L S O L U T I O N SCohnReznick’s Private Equity and Venture Capital team is a combination of industry specific and functional professionals focused on the entire lifecycle of an investment from pre-acquisition to exit.

Our experience in the private equity and venture capital industry translates to thoughtful, well-prepared transactional advisory, fund compliance, portfolio compliance and performance improvement services.

In highly competitive transactions where deals often hinge on our ability to deliver results quickly, clients deserve and get deep resources and technical acumen coupled with significant “A” team attention.

Our private equity and venture capital professionals leverage specific industry insights and experience to help maximize value and mitigate risk.

We communicate candid, continuous, client-focused research reports, industry outlooks, whitepapers, newsletters and updates on important issues relevant to private equity investors.

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C O H N R E Z N I C K P R O F E S S I O N A L S L E V E R A G E I N D U S T R Y S P E C I F I C K N O W L E D G E W I T H T E C H N I C A L S K I L L S

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Transactional

AdvisoryCorporateFinanceAdvisory

Post-Transaction

ValueCreation

PortfolioCompliance

FundCompliance

ExitHealthcare

Hospitality

Life Sciences

Manufacturing and

Wholesale Distribution

Renewable Energy

Retail and Consumer Products

Technology and New

Media

Commercial Real Estate

Construction

Financial Services

C O M P R E H E N S I V E P R I V A T E E Q U I T Y A N D V E N T U R E C A P I T A L S O L U T I O N SOur professionals encompass a solid understanding of industry-specific financial, operational, risk, technology, and market issues. This dedicated industry approach is supported by a long-term Firm commitment to industry involvement, and a strategic focus on key industry sectors of owner-operated companies.

May 2, 2023

Services designed to provide buyers and

sellers with the intelligence to make

well-informed decisions. An emphasis

on aspects of the acquisition process,

with a focus on identifying risks

and maximizing stakeholder value.

TransactionalAdvisory

A collaborative process designed to identify

and implement effective solutions to

help organizations optimize profitability

and grow.

PerformanceImprovement

Industry-focused, seasoned professionals

whose audit and tax services

frequently include recommendations with

respect to general business practices,

operating efficiencies, and fiscal policies.

PortfolioCompliance

Fund-level audit and tax compliance and consulting services through all phases

of fund development and growth.

FundCompliance

$$ $

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May 2, 2023

As auditors focused on serving middle-market owner-operated companies, we often consult with our clients when a liquidity event becomes part of their strategic plan. We match our clients’ needs and objectives to our network of potential investors.

C O M P R E H E N S I V E P R I V A T E E Q U I T Y A N D V E N T U R E C A P I T A L S O L U T I O N S

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VA L U A T I O N A D V I S O R Y

The Valuation professionals of CohnReznick Advisory Group perform hundreds of engagements each year for public companies and closely held businesses in a variety of industries. Services include both independent opinions and advisory services for a broad range of purposes:

• Financial reporting: Fair value measurements, purchase price allocations, goodwill impairment studies, intellectual property valuation and investment fund portfolio valuation.

• Tax related: Estate, gift and income taxes including charitable contributions, transfer pricing and net operating loss limitations.

• Asset based appraisal services for real estate, energy, and other tangible assets: We are licensed to perform real estate appraisal services in all 50 states and perform valuations of alternative energy assets including solar, wind and biomass technologies.

• Valuation of fractional ownership interests and complex financial instruments, including convertible securities, debt, and derivatives: We combine capital market, real estate and complex security valuation expertise.

• Transaction and strategic advisory: Strategic planning advice and structuring to maximize economic and tax benefits, financial and tax due diligence, and valuation and fairness opinions.

• Dispute and litigation services: Valuation and economic analysis in divorce, bankruptcy and restructuring, buy/sell and shareholder disputes, eminent domain and other commercial litigation.

• Third party valuation study verification: As part of a national accounting firm, we are uniquely qualified to provide valuations that will meet the expectations of auditors and to verify whether the third party studies meet valuation standards for audit evidence. We also perform formal valuation and appraisal reviews for third parties.

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T R A N S A C T I O N A L A D V I S O R Y

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· Analysis of sale alternatives· Data room establishment· Deal structuring and contact

assistance· Divestiture strategic planning· Financial and transaction modeling

· Pre-deal evaluation· Purchase price disputes · Strategic alliance analysis· Tax strategy development· Transactional due diligence

· Deal structure assistance· Due diligence of distressed/

underperforming targets· Financial modeling· Industry analyses

· Integration analysis and planning

· Pre-deal evaluation· Strategic planning· Purchase price disputes · Tax structuring

· Transactional due diligence- Financial & Accounting -

Quality of Earnings- Finance Process- Human Resource- Information Technology- Operations- Risk Management- Tax

· Acquisition accounting· Deal structuring and contract

assistance· Detailed financial modeling· Market and competitive analyses

· Post-acquisition advisory and support· Purchase price dispute services· Strategic and operational· Transactional tax advisory· Valuation support and analysis

Sell-Side Services

Buy-Side Services

Transactional Advisory Services

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Other Due Diligence Services

HUMAN RESOURCE· Assessment of employees· Assessment of medical plans· Assessment of retirement and deferred

compensation plans· Review of workers compensation

experience rates and claim history· Review of employment agreements

OPERATIONS· Site visit and review of facilities· Assessment of existing employees

and contracts· Assessment of relevant intellectual

property· Review of real estate and related

contracts· Assessment of synergies and

redundancies

FINANCE PROCESS· Assessment of current finance

systems and integration with overall IT infrastructure

· Review of financial close process and timing

· Assessment of:- Finance organization- Assessment of internal audit

function- Synergies and redundancies

Sourcing and Strategy Due Diligence Execution Closing Integration

T R A N S A C T I O N A L A D V I S O R Y ( C O N T ’ D . )

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RISK MANAGEMENT· Assessment of insurance policies

including, but not limited, to:- General liability- Product liability- Property & equipment- Umbrella- Vehicle- Other

INFORMATION TECHNOLOGY (“IT”)· Assessment of current systems and

processes· Data and network security· Assessment of IT organization· Review of software development lifecycle· Assessment of third-party service and software

providers· Assessment of synergies and redundancies

P O R T F O L I O V A L U E I M P R O V E M E N T A S S E S S M E N T S E R V I C E S

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Insurance, benefit plans, logistics and

real estate operating expense

reduction assessments

Supply chain and workflow

consulting and optimization

Business Discovery services including industry reporting

dashboards and methods

Lean Management

tools to reduce process waste

A post-acquisition collaborative process designed to identify opportunities to improve visibility into key EBITDA drivers and root causes of profit and cash flow leaks.

Internal controls review and risk

assessment

Tax specialty studies including

Repair and Maintenance and

Research and Development

Technology review, including automated work-

flow

Capabilities, CRM functionality,

warehouse management tools,

forecast and demand planning capabilities, and

resource planning

P R I VA T E E Q U I T Y C O M P L I A N C E S E R V I C E S

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• Annual audit of financial statements. Reporting under U.S. GAAP and IFRS

• Cayman Islands-registered fund audits• Consultation on partnership agreements, private placement memoranda,

and other offering documents• Domestic and international tax planning and entity structuring• Performance examinations• Preparation of partnership tax allocations• Preparation of tax returns and partners’ Schedule K-1s• Quarterly compilation or review of financial statements• SBIC financial reporting and compliance• Structural and tax advice on Surprise examinations to comply with Rule

206(4)-2 under the Investment Advisers Act of 1940

FUND COMPLIANCE SERVICES$$

P R I VA T E E Q U I T Y C O M P L I A N C E S E R V I C E S ( C O N T ’ D . )

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• Audits, reviews, compilations• Corporate governance• FAS 109 and FIN 48 consultation• Fraud and other investigations• Accounting outsourcing and consultations• Internal audit outsourcing and co-

sourcing• International compliance• Restructuring• SEC services including IPO support• Tax planning and compliance• Tax specialty services including state and

local tax expertise

PORTFOLIO COMPLIANCE SERVICES$

R e p r e s e n t a t i v e P r i v a t e E q u i t ya n d Ve n t u r e C a p i t a l C l i e n t s

R E P R E S E N T A T I V E P R I V A T E E Q U I T Y A N D V E N T U R E C A P I T A L C L I E N T SCohnReznick serves a diverse range of clients providing transactional advisory, fund compliance, portfolio compliance and performance improvement services and expertise across many industries.

May 2, 2023

• AEW Capital • Friend Skoler • Platinum Equity

• TSG Consumer • VMG Partners • Victory Park Capital

• Aisling Capital • Glenmont Capital (b), (c), (d) • Pulse Equity Partners

• Angelo Gordon & Co. • Goode Partners • Quilvest Private Equity

• Corinthian Capital Group • The Gores Group • Lateral Investment Management

• Argosy Capital • H.I.G. Capital • RFE Investment Partners

• Avante Mezzanine Partners • Crescent Capital • New Canaan Funding

• Balance Point Capital Partners • Hampshire Companies, The • The Riverside Company

• Balmoral Advisors LLC • Insight Venture Partners • Rosser Capital

• Berkshire Partners • Ironwood Mezzanine Fund • Sagard Capital

• Black Oak Capital Partners • Gladstone Partners • Lineage Capital

• Blue Wolf Capital • Irving Place Capital • Saybrook Capital

• Canrock Ventures • J.H. Whitney & Co. • Shore Points Capital

• Catterton Partners • KarpReilly, LLC • Steel Partners

• CIC Partners • KRG Capital Partners • Stephens Capital

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R E P R E S E N T A T I V E R E A L E S T A T E P R I V A T E E Q U I T Y C L I E N T S

CohnReznick serves a diverse range of clients providing transactional advisory, fund compliance, portfolio compliance and performance improvement services and expertise across many industries.

May 2, 2023

• American Real Estate Partners • Ivy Realty Fund • Omninet Real Estate Fund• City View Fund • Kuwaiti Financial Center • Partners Capital Solutions Fund • Crimson Real Estate Partners • Latus Partners • Primestar Urban Opportunity Fund • Dune Real Estate Partners • Lone Oak Fund • Secured Capital-Japan

• Hackman Capital • Magellan Industrial Fund • SMA Investors LLC and SMA Investors II LLC

• Hawthorne Retail Partners • Main Street Resources • Tennant Capital Partners • Hines • McKinley Partners • TriPacific Capital Advisors• IBEW-NECA Diversified

Underwritten Real Estate Fund LLC (INCURE)

• NorthStar Opportunities Master Fund • Washington Alliance Capital, LLC

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• Creo Capital Partners • Levine Leichtman Capital Partners • Tengram Capital Partners

• Edison Venture Fund • Longroad Asset Management, LP • Topspin Partners LBO

• Enhanced Capital • Midmark Capital • Vanterra Funds

• Eos Partners • Moxie Capital • VisioCap

• Fir Tree Partners • Odyssey Investment Partners • Yellow Wood Partners

• First New England Capital • Palisades Capital Management • Pegasus Capital Advisors

• Founders Equity • Palladin Consumer Retail Partners • Swander Pace Capital

R E P R E S E N T A T I V E P R I V A T E E Q U I T Y A N D V E N T U R E C A P I T A L C L I E N T S , ( C O N T ’ D . )

P r i v a t e E q u i t y a n d M e r g e r s & A c q u i s i t i o n s E x p e r i e n c e

P R I VA T E E Q U I T Y / M & A E N G A G E M E N T SCohnReznick LLP is proud to have assisted clients with a variety of private equity/M&A transactions. These illustrations are representative of the scope and depth of our capabilities. As of January,

2016

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P R I VA T E E Q U I T Y / M & A E N G A G E M E N T S ( C O N T ’ D )

May 2, 2023 23

As of January, 2016

P R I VA T E E Q U I T Y / M & A E N G A G E M E N T S ( C O N T ’ D )

May 2, 2023 24

As of January, 2016

P R I VA T E E Q U I T Y / M & A E N G A G E M E N T S ( C O N T ’ D )

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As of January, 2016

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W H Y C O H N R E Z N I C K ? Nearly 100 years helping our clients manage

and grow their business The resources and experience of a national

firm combined with the hands-on approach usually found associated with boutique firms.

Industry specific focus to help you maximize your bottom line and meet strategic goals.

A commitment to providing clients with actionable insight and a high level of service

Dedicated engagement teams with active partner leadership and involvement

International reach and experience in over 100 countries

Integrity and a commitment to excellence that has earned the trust and confidence of our clients and the financial community

FORWARDTHINKINGCREATESRESULTS

CohnReznick LLP1301 6th AveFifth Floor New York, NY 10036-1600

www.CohnReznick.com