Year in Review

This update (the “Update”) does not constitute an offer to sell or the solicitation of an offer to purchase any security, and is not presented with a view to providing investment advice with respect to any security or making any claim as to the past, current or future performance thereof. K1 Investment Management, LLC (together with its affiliates, “K1”) expressly disclaims the use of this Update for such purposes. This Update is solely intended to provide general information regarding K1’s operational activities, financing capabilities and general business experience.

Portfolio companies presented herein are for informational purposes only and are intended to illustrate such historical activities. The portfolio companies included herein should not be assumed to have been profitable. Past performance is not necessarily indicative of future results. There can be no assurance historical trends will continue. K1 does not warrant the accuracy, completeness or usefulness of any information herein. Any reliance you place on such information is strictly at your own risk. K1 disclaims all liability and responsibility arising from any reliance placed on this Update or anyone who may be informed of its contents.

1 – Representative of K1 buyouts only. The 4% is a simple average, not weighted.

Sustainability – All information presented in this section is as of 12/31/2023. “Eligible employees” are defined as all employees who have had a tenure over 90 days. “Sustainability metrics” are metrics related to the SASB reporting framework that include indicators in the topics of environmental, social and governance factors.

K1 Operations is K1’s dedicated operational consulting affiliate. The K1 Operations team is not employed by K1 (although K1 Operations is an affiliate of K1). Any fees, compensation, expense reimbursements or other amounts received by K1 Operations and its team are generally borne directly or indirectly by investors.

Third Party Awards and Designations. The awards and designations presented on this website are the opinion of the respective parties conferring the award or designation and not of K1. No such person conferring any of the listed award(s) or designation(s) is affiliated with K1 or is an investor in K1-sponsored vehicles. The award does not reflect the experience of any client and is not based on, or indicative of, investment returns.  The description and the selection methodologies of rankings and awards can be subjective and will often vary. There can be no assurance that other providers or surveys would reach the same conclusions as the foregoing.

2023 Inc. 5000  – Companies on the 2023 Inc. 5000 (“Inc 5000”, the “List”) are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent -not subsidiaries or divisions of other companies -as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine rankings were calculated to four decimal places. The full extent of the scope of firms and data included in the related surveys or evaluations is unknown. Each eligible portfolio company paid an application fee in connection with the award. In general, the receipt of compensation influences, and is likely to present a potential material conflict of interest, relating to any granted award.

Top Women Leaders in Growth Investing of 2023  – The ranking and award was conducted by GrowthCap to recognize women who have demonstrated an expertise in private company investing, portfolio management and business expansion strategy. GrowthCap received and evaluated hundreds of nominations and received feedback from each nominee’s colleagues, portfolio company executives and/or others in the industry. Each candidate was evaluated based on her demonstrated success in her specific roles, breadth of experience, longevity in the field, and consistency in performance, among other factors. The designation, issued by GrowthCap on 7/27/2023, was based on the time period of 11/23/22  – 05/23/23. K1 paid a copyright, production and publication fee in connection with the award. In general, the receipt of compensation influences, and is likely to present a potential material conflict of interest, relating to any granted award.

Top 50 Private Equity Firms for Executives 2023  – The inaugural report was created by PrivateEquityCXO (PE-CXO), the largest community of private equity-backed executives, and Falcon Partners, a boutique executive search. The data is based on a survey of more than 1,000 private equity-backed executives in the U.S. conducted from July 2022  – December 2022, as well as additional interviews with hundreds more experienced executives. The award was given on Feb. 8, 2023. K1 did not pay compensation for inclusion in this ranking.

2023 Private Equity Wire ESG AAA US Awards  – AA Winner for `Best Corporate Sustainability Strategy: Management Company’ and `Best ESG Firm: Mid Cap’  – The ranking and award was conducted by Private Equity Wire in partnership with EthicsGrade to reward environmental, social and governance excellence among private equity fund managers across a wide range of categories. The time period upon which the award was based was January 2022 through December, 2022. The award was given on June 21, 2023. K1 paid a copyright and publication fee in connection with the award. In general, the receipt of compensation influences, and is likely to present a potential material conflict of interest, relating to any granted award.

2023 Leaders of Influence: Private Equity Investors & Advisors  – The report was created by the Los Angeles Business Journal (“LABJ”) to recognize  leaders’ contribution to the Los Angeles business community. LABJ’s editorial team reviewed nominations submitted to LABJ and chose profiles to feature based on a demonstration of impact made on the profession and on the Los Angeles community. The publication was issued on June 5, 2023. K1 did not pay compensation for inclusion in this ranking. The full extent of the scope of firms and data included in the related surveys or evaluations is unknown.

Top Founder-Friendly Investors List (the “List”)  – The List  is determined and maintained by Inc. Magazine. Winning firms were selected on November 1, 2023 for the period of one year, based upon their track record, reputation, leadership and founder references. This recognition is based on the analysis of and information gathered by Inc. Magazine using its own criteria and methodologies. As part of the vetting process, Inc. Magazine interviewed one or more portfolio company representatives about their experience partnering with K1. Private equity firms that have exited U.S.-based, founder-led, public or private, portfolio companies within the past five years were eligible to apply. The number of private equity firms that applied for the 2023 award is not known to K1.  The List is not based on investment advisory activity, does not reflect the experience of any investment advisory client of K1 and is not indicative of future performance. An application and a fee are required to be named on the List. In general, the receipt of compensation influences, and is likely to present a potential material conflict of interest, relating to any granted award.

Portfolio company revenue represents a selection of ARR, Run-rate or LTM revenue based on the most recently available information and availability of the data. 

This Update identifies a number of benefits inherent in K1’s services and operations, although K1 is also subject to a number of material risks associated with these benefits. K1 believes that K1, its personnel and K1 Operations used, employed or retained by K1 will have competitive advantages in identifying, diligencing, monitoring, consulting, and improving and ultimately selling portfolio companies; however, there can be no guarantee that K1 will be able to maintain such advantages over time, outperform third parties or the financial markets generally, or avoid losses.

There can be no assurance that K1’s sustainability practices as described in this Update will continue. K1 is permitted to determine in its discretion that it is not feasible or practical to implement or complete certain of its sustainability initiatives, policies, and procedures based on cost, timing, or other considerations.