Sagard (MENA) Ltd., an affiliate of Performance Equity Management, LLC [PEM], is regulated by the ADGM Financial Services Regulatory Authority (the "FSRA"). It is authorised to provide the financial services of “Arranging deals in Investments” and “Advising on Investments or Credit” to professional clients and market counterparties only and will act in this capacity in respect of purchases of interests by Middle East and North African investors in funds advised by [PEM].