Crescent Direct Lending CRESCENT = The Crescent Direct Lending team, with over $1.8 billion under Investment Characteristics management, has provided senior secured debt to private U.S. = Se fed debt. led by lower middle-market and middle-market companies since 2005! oes en and is known as a trusted, competitive and responsive source of Hover middie market ond mises debt capital to private equity sponsors and private companies nt companies with EBITDA of million + At Crescent Capital Group LP ("CCG"), the Direct Lending team primarily focuses on private lower middle-market and middle- Structure market lending. CCG is a leading asset manager in the below i Investment grade credit markets with approximately $23 billion? _* Flexible - structural flexibility of assets under management, over 75 investment professionals, through limited, variable and in operation for over 20 years amortization schedules = Crescent Direct Lending’s differentiating factors include: * Covenant Structures tailored to , borrowers’ business plans ~ Reliability: experienced, seasoned professionals with proven track records in the lower middle-market and middle-market Use of Proceeds ~ Responsiveness: streamlined process from initial review + Leveraged buyouts, acaui ions, through due diligence and funding Pe financinasNiccaricalioaonet ~ Flexibility: ability to stretch beyond traditional senior debt growth financings while providing structural flexibility through limited Ga amortization requirements - Partnership: long-standing relationships built with leading cAMESTED ‘equity sponsors and portfolio companies Renee john.bowman@crescentcap.com Investment Focus (617) 854-1501 = Target Market: Companies with $5 million+ of EBITDA Scott Carpenter = Targeted Loan Size: Agent credit facilities up to $100 million+ Managing Director tt = Target Loan Type: Senior secured, unitranche and second lien (617) 854.1502 loans as well as revolvers, capex lines and delayed draw term loans, eee) jonathan.cignetti@crescentcap.com = Cohesive team with breadth and depth of experience (6I7) 854-1505 ~ Diversified backgrounds in senior lending, money management, investment banking, and accounting Jake Garmey = Historical investment experience spans various industries Seni including business and consumer services, healthcare, (617) 854-1510 manufacturing, value-added distribution, and specialty retail Michael Rogers Streamlined Investment Process aoitanaging Director michael,rogers@crescentcap.com + Flexible and responsive investment process ace + Investment approach utilizes deep institutional knowledge base ae to streamline approval process and deliver on our commitments. Vice President = Collaborative approach taken with equity sponsors and portfolio ee companies to achieve growth objectives and create long-term. 17) value + Crescent Direct Lending is a long-term, value-added partner in ayes Olotson the investment process with a track record of successfully lofsona developing ongoing relationships with leading sponsors (617) 854-1506 1. allhistoncal references to Crescent’ cect encing team and track record rie to ine 2012 are based on Crescent prncpais wheat ther previous investment fm eighPae Captal Management LC. fram January 2005 MB) 2012 2. Preliminary estimate as of September 30, 20%.