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The portfolio companies identified and discussed above do not represent all of the investments made or recommended by TSG. The companies identified were not selected based on the return on TSG's investment in them. Rather, such companies were selected as representative examples that clarify and typify TSG's investment approach. It should not be assumed that any future investments will be profitable or will equal the performance of the investments identified above. Past performance is not indicative of future results. A list of all recommendations made by TSG is set forth under "Partner Companies".
Portfolio companies, as presented above, are operating businesses in which investment funds advised by TSG or its affiliates have invested. Portfolio companies may be identified by brand names and may include multiple subsidiaries or other operating companies owned by a common platform and are therefore listed together. The companies listed within each referenced category include all TSG portfolio companies which have consented to their inclusion on lists of TSG's portfolio companies. The portfolio companies listed do not necessarily represent all of the investments made or recommended by TSG, and it should not be assumed that the specific investments identified and discussed herein were or will be profitable. The information herein has been prepared solely for informational purposes and is directed to customers and counterparties of these portfolio companies but is not expected to be used by or be useful to investors or prospective investors in funds advised by affiliates of TSG. Please see important Disclosures.