1. CohnReznick LLP
A n I n t r o d u c t i o n t o C o h n R e z n i c k ’ s
S e r v i c e s f o r P r i v a t e E q u i t y G r o u p s
a n d S i n g l e F a m i l y O f f i c e D i r e c t
I n v e s t o r s
December 17, 2016

2. C O H N R E Z N I C K
B Y T H E N U M B E R S
 One of the top accounting, tax, and advisory firms in the U.S.
 Blends the deep resources and technical acumen of a large
accounting firm with a hands-on, entrepreneurial service
approach that growing organizations require
 Serves clients in numerous industries
 International reach via Nexia member firms in more than
100 countries
December 17, 2016 1
11th
LARGEST ACCOUNTING
FIRM
2700+
EMPLOYEES
300PARTNERS
30CITIES
$575+
MILLION IN ANNUAL
REVENUES

3. G E O G R A P H I C C O V E R A G E
December 17, 2016 2

4. A B R O A D P O R T F O L I O O F
S E R V I C E S
Accounting and
Assurance Services
Tax Services Advisory
CohnReznick
Affiliated Companies
 Audits, Reviews, and
Compilations
 Employee Benefit Plans
 IFRS
 SOC 1, 2, 3 / SSAE 16
 Agreed upon procedures
 Accounting outsourcing
and consultations
 Public company services
 IT audit and controls
review
 Tax compliance and
preparation
 Strategic tax planning
 Corporate tax
outsourcing
 Private clients
 Federal tax
 Trust and Estate
 International tax
 State and local tax
 Transfer pricing
 Cost segregation studies
 New market tax credits
 Tax specialty services
 Tax credit advisory
 Bankruptcy and
restructuring
 Computer Forensics and
eDiscovery
 Cybersecurity
 Forensic and litigation
 Governance, Risk and
Compliance
 Government and Public
Sector
 Management
Consulting and CFO
Advisory
 Real Estate Advisory /
NOI Strategies
 Technology and Digital
Services
 Transactional Advisory
and M&A Consulting
 Valuation
 CohnReznick Benefits
Consultants
 CohnReznick UIC
Consultants LLC
 CohnReznick Real
Estate LLC
 CohnReznick Professional
Services PVT, Ltd.
 CohnReznick Wealth
Management LLC
 Integratec Services, LLC
December 17, 2016 3

5. O U R I N D U S T R Y E X P E R I E N C E
 Affordable Housing
 Apparel and Fashion
 Commercial Real Estate
 Construction
 Educational Institutions
 Entertainment
 Financial Services
 Government
 Government Contractors
 Healthcare
 Hospitality
 Law Firms
 Life Sciences
 Manufacturing and Distribution
 Marketing Communications
Companies
 Medical
 Mortgage Finance/Consumer
Lending
 Not-for-Profit
 Private Equity/Venture Capital
 Real Estate Investment Trusts
 Renewable Energy
 Retail and Consumer Products
 Technology and New Media
December 17, 2016 4

6. G L O B A L C A PA B I L I T I E S
To meet this need, CohnReznick is an
independent member of Nexia International.
 Leading provider of audit and
advisory services worldwide
 $2.9 billion in total revenue
 23,000 professionals
 600+ offices
 105 countries
We take a proactive role in Nexia, serving as
one of two U.S. firms on its board of directors
and regularly meeting with and training
member firms around the world. This allows us
to provide our clients with unified and
consistent solutions around the globe.
Geographic boundaries are no longer barriers to doing business. But doing
business in other countries requires reliable and experienced accounting,
tax and business advice from practitioners “on the ground” in those
jurisdictions.
December 17, 2016 5
CohnReznick is an independent
member of Nexia International

7. C O M P R E H E N S I V E P R I VAT E E Q U I T Y
A N D V E N T U R E C A P I TA L S O L U T I O N S
Current market conditions demand
that financial investors shift strategies
and disrupt “business as usual” to
respond and adapt to a progressively
dynamic business and economic
environment.
An abundant supply of capital and
continued eagerness for investment
activity within the private equity
community has elevated the
importance of sourcing new
acquisitions, increasing certainty
of close, financing, and building
portfolio company value--all among
an increasing complex regulatory
environment.
December 17, 2016 6

8. C O M P R E H E N S I V E P R I VAT E E Q U I T Y
A N D V E N T U R E C A P I TA L S O L U T I O N S
CohnReznick’s Private Equity and Venture Capital team is a combination of industry specific and
functional professionals focused on the entire lifecycle of an investment from pre-acquisition to exit.
Our experience in the private equity and venture capital industry translates to
thoughtful, well-prepared transactional advisory, fund compliance, portfolio
compliance and performance improvement services.
In highly competitive transactions where deals often hinge on our ability to deliver
results quickly, clients deserve and get deep resources and technical acumen
coupled with significant “A” team attention.
Our private equity and venture capital professionals leverage specific industry
insights and experience to help maximize value and mitigate risk.
We communicate candid, continuous, client-focused research reports,
industry outlooks, whitepapers, newsletters and updates on important issues
relevant to private equity investors.
December 17, 2016 7

9. C O H N R E Z N I C K P R O F E S S I O N A L S
L E V E R A G E I N D U S T R Y S P E C I F I C
K N O W L E D G E W I T H T E C H N I C A L S K I L L S
December 17, 2016 8
Transactional
Advisory
Corporate
Finance
Advisory
Post-
Transaction
Value
Creation
Portfolio
Compliance
Fund
Compliance
Exit
Healthcare
Hospitality
Life Sciences
Manufacturing
and Wholesale
Distribution
Renewable
Energy
Retail and
Consumer
Products
Technology
and New
Media
Commercial
Real Estate
Construction
Financial
Services

10. C O M P R E H E N S I V E P R I VAT E E Q U I T Y
A N D V E N T U R E C A P I TA L S O L U T I O N S
Our professionals encompass a solid understanding of industry-specific financial, operational, risk,
technology, and market issues. This dedicated industry approach is supported by a long -term
Firm commitment to industry involvement, and a strategic focus on key industry sectors of owner -
operated companies.
December 17, 2016
Services designed to
provide buyers and sellers
with the intelligence to
make well-informed
decisions. An emphasis on
aspects of the acquisition
process, with a focus
on identifying risks
and maximizing
stakeholder value.
Transactional
Advisory
A collaborative process
designed to identify and
implement effective
solutions to help
organizations optimize
profitability and grow.
Performance
Improvement
Industry-focused,
seasoned professionals
whose audit and
tax services
frequently include
recommendations with
respect to general
business practices,
operating efficiencies,
and fiscal policies.
Portfolio
Compliance
Fund-level audit and tax
compliance and
consulting services
through all phases
of fund development
and growth.
Fund
Compliance
$$ $
9

11. December 17, 2016
As auditors focused on serving middle-market owner-operated companies,
we often consult with our clients when a liquidity event becomes part of
their strategic plan. We match our clients’ needs and objectives to our
network of potential investors.
C O M P R E H E N S I V E P R I VAT E E Q U I T Y
A N D V E N T U R E C A P I TA L S O L U T I O N S
10

12. VA L U AT I O N A D V I S O R Y
The Valuation professionals of CohnReznick Advisory
Group perform hundreds of engagements each year
for public companies and closely held businesses in a
variety of industries. Services include both
independent opinions and advisory services for a
broad range of purposes:
• Financial reporting: Fair value measurements,
purchase price allocations, goodwill impairment
studies, intellectual property valuation and investment
fund portfolio valuation.
• Tax related: Estate, gift and income taxes including
charitable contributions, transfer pricing and net
operating loss limitations.
• Asset based appraisal services for real estate, energy,
and other tangible assets: We are licensed to perform
real estate appraisal services in all 50 states and
perform valuations of alternative energy assets
including solar, wind and biomass technologies.
• Valuation of fractional ownership interests and
complex financial instruments, including convertible
securities, debt, and derivatives: We combine capital
market, real estate and complex security valuation
expertise.
• Transaction and strategic advisory: Strategic
planning advice and structuring to maximize
economic and tax benefits, financial and tax due
diligence, and valuation and fairness opinions.
• Dispute and litigation services: Valuation and
economic analysis in divorce, bankruptcy and
restructuring, buy/sell and shareholder disputes,
eminent domain and other commercial litigation.
• Third party valuation study verification: As part of a
national accounting firm, we are uniquely qualified
to provide valuations that will meet the
expectations of auditors and to verify whether the
third party studies meet valuation standards for
audit evidence. We also perform formal valuation
and appraisal reviews for third parties.
8

13. T R A N S A C T I O N A L A D V I S O R Y
December 17, 2016 12
 Analysis of sale alternatives
 Data room establishment
 Deal structuring and contact
assistance
 Divestiture strategic planning
 Financial and transaction modeling
 Pre-deal evaluation
 Purchase price disputes
 Strategic alliance analysis
 Tax strategy development
 Transactional due diligence
 Deal structure assistance
 Due diligence of distressed/
underperforming targets
 Financial modeling
 Industry analyses
 Integration analysis and
planning
 Pre-deal evaluation
 Strategic planning
 Purchase price disputes
 Tax structuring
 Transactional due diligence
 Financial & Accounting -
Quality of Earnings
 Finance Process
 Human Resource
 Information Technology
 Operations
 Risk Management
 Tax
 Acquisition accounting
 Deal structuring and contract
assistance
 Detailed financial modeling
 Market and competitive analyses
 Post-acquisition advisory and support
 Purchase price dispute services
 Strategic and operational
 Transactional tax advisory
 Valuation support and analysis
Sell-Side
Services
Buy-Side
Services
Transactional
Advisory
Services

14. December 17, 2016
Other Due Diligence Services
HUMAN RESOURCE
 Assessment of employees
 Assessment of medical plans
 Assessment of retirement and deferred
compensation plans
 Review of workers compensation
experience rates and claim history
 Review of employment agreements
OPERATIONS
 Site visit and review of facilities
 Assessment of existing employees
and contracts
 Assessment of relevant intellectual
property
 Review of real estate and related
contracts
 Assessment of synergies and
redundancies
FINANCE PROCESS
 Assessment of current finance
systems and integration with overall
IT infrastructure
 Review of financial close process and
timing
 Assessment of:
 Finance organization
 Assessment of internal audit
function
 Synergies and redundancies
Sourcing and
Strategy
Due Diligence Execution Closing Integration
T R A N S A C T I O N A L A D V I S O R Y
( C O N T ’ D . )
13
RISK MANAGEMENT
 Assessment of insurance policies
including, but not limited, to:
 General liability
 Product liability
 Property & equipment
 Umbrella
 Vehicle
 Other
INFORMATION TECHNOLOGY (“IT”)
 Assessment of current systems and
processes
 Data and network security
 Assessment of IT organization
 Review of software development lifecycle
 Assessment of third-party service and software
providers
 Assessment of synergies and redundancies

15. P O R T F O L I O VA L U E I M P R O V E M E N T
A S S E S S M E N T S E R V I C E S
December 17, 2016 14
Insurance, benefit
plans, logistics and
real estate
operating expense
reduction
assessments
Supply chain and
workflow consulting
and optimization
Business Discovery
services including
industry reporting
dashboards and
methods
Lean
Management
tools to reduce
process waste
A post-acquisition collaborative process designed to identify opportunities to improve visibility
into key EBITDA drivers and root causes of profit and cash flow leaks.
Internal controls
review and risk
assessment
Tax specialty
studies including
Repair and
Maintenance
and Research
and
Development
Technology
review, including
automated work-
flow
Capabilities,
CRM functionality,
warehouse
management tools,
forecast and
demand planning
capabilities, and
resource planning

16. P R I VAT E E Q U I T Y C O M P L I A N C E
S E R V I C E S
December 17, 2016 15
• Annual audit of financial statements. Reporting under U.S. GAAP and IFRS
• Cayman Islands-registered fund audits
• Consultation on partnership agreements, private placement memoranda,
and other offering documents
• Domestic and international tax planning and entity structuring
• Performance examinations
• Preparation of partnership tax allocations
• Preparation of tax returns and partners’ Schedule K-1s
• Quarterly compilation or review of financial statements
• SBIC financial reporting and compliance
• Structural and tax advice on Surprise examinations to comply with Rule
206(4)-2 under the Investment Advisers Act of 1940
FUND COMPLIANCE SERVICES$$

17. P R I VAT E E Q U I T Y C O M P L I A N C E
S E R V I C E S ( C O N T ’ D . )
December 17, 2016 16
• Audits, reviews, compilations
• Corporate governance
• FAS 109 and FIN 48 consultation
• Fraud and other investigations
• Accounting outsourcing and consultations
• Internal audit outsourcing and co-sourcing
• International compliance
• Restructuring
• SEC services including IPO support
• Tax planning and compliance
• Tax specialty services including state and
local tax expertise
PORTFOLIO COMPLIANCE SERVICES$

18. R e p r e s e n t a t i v e P r i v a t e E q u i t y
a n d V e n t u r e C a p i t a l C l i e n t s

19. R E P R E S E N T A T I V E P R I V A T E E Q U I T Y
A N D V E N T U R E C A P I T A L C L I E N T S
CohnReznick serves a diverse range of clients providing transactional advisory, fund compliance, portfolio
compliance and performance improvement services and expertise across many industries.
December 17, 2016
• AEW Capital • Friend Skoler • Platinum Equity
• TSG Consumer • VMG Partners • Victory Park Capital
• Aisling Capital • Glenmont Capital (b), (c), (d) • Pulse Equity Partners
• Angelo Gordon & Co. • Goode Partners • Quilvest Private Equity
• Corinthian Capital Group • The Gores Group • Lateral Investment Management
• Argosy Capital • H.I.G. Capital • RFE Investment Partners
• Avante Mezzanine Partners • Crescent Capital • New Canaan Funding
• Balance Point Capital Partners • Hampshire Companies, The • The Riverside Company
• Balmoral Advisors LLC • Insight Venture Partners • Rosser Capital
• Berkshire Partners • Ironwood Mezzanine Fund • Sagard Capital
• Black Oak Capital Partners • Gladstone Partners • Lineage Capital
• Blue Wolf Capital • Irving Place Capital • Saybrook Capital
• Canrock Ventures • J.H. Whitney & Co. • Shore Points Capital
• Catterton Partners • KarpReilly, LLC • Steel Partners
• CIC Partners • KRG Capital Partners • Stephens Capital
18

20. R E P R E S E N T A T I V E R E A L E S T A T E P R I V A T E E Q U I T Y C L I E N T S
CohnReznick serves a diverse range of clients providing transactional advisory, fund compliance, portfolio
compliance and performance improvement services and expertise across many industries.
December 17, 2016
• American Real Estate Partners • Ivy Realty Fund • Omninet Real Estate Fund
• City View Fund • Kuwaiti Financial Center • Partners Capital Solutions Fund
• Crimson Real Estate Partners • Latus Partners • Primestar Urban Opportunity Fund
• Dune Real Estate Partners • Lone Oak Fund • Secured Capital-Japan
• Hackman Capital • Magellan Industrial Fund
• SMA Investors LLC and SMA Investors
II LLC
• Hawthorne Retail Partners • Main Street Resources • Tennant Capital Partners
• Hines • McKinley Partners • TriPacific Capital Advisors
• IBEW-NECA Diversified
Underwritten Real Estate Fund LLC
(INCURE)
• NorthStar Opportunities Master Fund • Washington Alliance Capital, LLC
19
• Creo Capital Partners • Levine Leichtman Capital Partners • Tengram Capital Partners
• Edison Venture Fund • Longroad Asset Management, LP • Topspin Partners LBO
• Enhanced Capital • Midmark Capital • Vanterra Funds
• Eos Partners • Moxie Capital • VisioCap
• Fir Tree Partners • Odyssey Investment Partners • Yellow Wood Partners
• First New England Capital • Palisades Capital Management • Pegasus Capital Advisors
• Founders Equity • Palladin Consumer Retail Partners • Swander Pace Capital
R E P R E S E N T A T I V E P R I V A T E E Q U I T Y A N D
V E N T U R E C A P I T A L C L I E N T S , ( C O N T ’ D . )

21. P r i v a t e E q u i t y a n d M e r g e r s &
A c q u i s i t i o n s E x p e r i e n c e

22. P R I VAT E E Q U I T Y / M & A
E N G A G E M E N T S
CohnReznick LLP is proud to have assisted clients with a variety of private equity/M&A transactions. These
illustrations are representative of the scope and depth of our capabilities. As of January, 2016
December 17, 2016 21

23. P R I VAT E E Q U I T Y / M & A
E N G A G E M E N T S ( C O N T ’ D )
December 17, 2016 22
As of January, 2016

24. P R I VAT E E Q U I T Y / M & A
E N G A G E M E N T S ( C O N T ’ D )
December 17, 2016 23
As of January, 2016

25. P R I VAT E E Q U I T Y / M & A
E N G A G E M E N T S ( C O N T ’ D )
December 17, 2016 24
As of January, 2016

26. W H Y C O H N R E Z N I C K ?
 Nearly 100 years helping our clients manage
and grow their business
 The resources and experience of a national
firm combined with the hands-on approach
usually found associated with boutique firms.
 Industry specific focus to help you maximize
your bottom line and meet strategic goals.
 A commitment to providing clients with
actionable insight and a high level of service
 Dedicated engagement teams with active
partner leadership and involvement
 International reach and experience in over
100 countries
 Integrity and a commitment to excellence
that has earned the trust and confidence of
our clients and the financial community
December 17, 2016 25
FORWARD
THINKING
CREATES
RESULTS

27. CohnReznick LLP
1301 6th Ave
Fifth Floor
New York, NY 10036-1600
www.CohnReznick.com