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Disclosure

Capricorn Investment Group, LLC (“Capricorn” or the “Firm”) is an SEC registered investment adviser with its principal places of business in Palo Alto, CA, and New York, NY. Capricorn’s website, www.capricornllc.com, is intended solely to provide general information about the Firm, its services and its people. Capricorn does not intend to solicit or make its services available to the general public. Under no circumstances should any information provided on this website be considered as an offer soliciting the purchase or sale of any security or interest in any investment vehicle sponsored by Capricorn. Any opinions expressed in this website reflect Capricorn’s current views only. While taken from sources deemed to be accurate, Capricorn makes no representations about the accuracy of the information or its appropriateness for a given situation. The discussions and opinions expressed herein are not intended to provide investment, accounting, tax or legal advice. The content of this website is presented on an “as is” basis with no warranties, express or implied, of any kind with respect to the website.

The information contained herein has been prepared solely for informational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities. Any decision to invest must be based solely upon the information set forth in an advisory agreement or private placement memorandum regardless of any information investors may have been otherwise furnished, including this presentation. Investors should consult their own investment, legal, accounting and tax advisers in order to make an independent determination of the suitability and consequences of an investment in the securities.

Investment themes and selected investments provided herein are provided for illustrative purposes only. Not all transactions entered into by Capricorn will be profitable. It is not intended to be representative of current or future portfolio of investments. Any data herein is obtained from what are considered reliable sources; however, its delivery does not warrant that the information contained is correct.

Portfolio companies identified and described herein do not represent all of the portfolio companies purchased, sold or recommended for funds advised by Capricorn. It should not be assumed that an investment in the portfolio companies identified was or will be profitable. Past performance is not indicative of future results. No guarantee of investment performance is being provided and no inference to the contrary should be made. It should not be assumed that a portfolio managed by Capricorn or its affiliates will be profitable. The past performance of client portfolios managed by Capricorn may not necessarily be repeated. There can be no guarantee that any investment strategy employed by Capricorn will be successful.

The information contained herein reflects Capricorn’s current views and opinions with respect to forward-looking statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believe,” “expect,” “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate” or the negative version of these words or other comparable words. Any forward-looking statements contained herein are based upon historical information and current plans, estimates and expectations. The inclusion of this or any other forward-looking information should not be regarded as a representation by Capricorn or any other person that the future plans, estimates or expectations contemplated by Capricorn will be achieved. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Capricorn undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. Additional information about Capricorn, including the Firm’s Form ADV Part 2A Brochure, is available at the SEC’s website, www.adviserinfo.sec.gov.