Kinetic Capital

Kinetic Capital Partners' various limited partnerships have a very high, controlling ownership percentage of as converted equity capital in the underlying investee companies. The investee companies have good management (who share in significant value creation), the investee companies have exceptional gross margins and highly attractive human and economic scalability and operate in large markets. Kinetic Capital Partners typically keeps each separate investment in an investee company below about $25 million of as converted equity and has a number of core investments that are being grown aggressively. Kinetic Capital Partners' use of committed equity capital has not needed to exceed $100 million. Kinetic Capital Partners is focused on continuing to grow its existing core investee companies that are significant value creators at attractive rates of growth for some time. We are not focused on adding new investee companies at this point.