Investment Year Country

99¢ Only Stores 2012 UnitedStates

Aernnova 2018 Spain

Anastasia Beverly Hills 2018 UnitedStates

Ascot Group 2016 UnitedKingdom

Axel Springer 2019 GermanyTotals

BGL 2018 UnitedKingdom

Brickman 2013 UnitedStates

Cherwell Software 2018 UnitedStates

Diamond Resorts Intern… 2016 UnitedStates

DistroKid 2021 UnitedStates

Douglas Holding AG 2015 Germany

Endeavor 2017 UnitedStates

Fieldwood Energy 2013 UnitedStates

Galileo Global Education 2020 France

Informatica 2015 UnitedStates

International Car Wash Group 2017 UnitedKingdom

Jimmy John’s 2016 UnitedStates

Merlin Entertainments 2019 Poole,UK(HQ)

MultiPlan 2016 UnitedStates

Nouryon 2018 Netherlands

Parkdean Resorts 2017 UnitedKingdom

Petco Health and Wellness … 2016 UnitedStates

PRO Unlimited 2017 UnitedStates

Red Ventures 2018 UnitedStates

Solera Holdings 2016 UnitedStates

STADA 2017 Germany

Tech Data 2020 UnitedStates

Ultimate Software 2019 UnitedStates

VelocityEHS 2017 UnitedStates

Vistage 2018 UnitedStates

Waystar 2019 UnitedStates

Wilton Re 2014 UnitedStates

ADB Safegate 2017 Belgium

Alpha Consumer Group 2016 France

Ascend Learning 2017 UnitedStates

Asurion 2007 UnitedStates

Berlin Packaging 2018 UnitedStates

Blackhawk Network Holdi… 2018 UnitedStates

Can Art Aluminum 2016 Canada

Cyxtera 2017 UnitedStates

Diaverum 2007 Germany

Dorna Sports Management 2013 Spain

Dynata 2015 UnitedStates

Epicor Software Corporation 2016 UnitedStates

First Eagle 2015 UnitedStates

GEA Heat Exchangers 2014 Germany

Inmarsat 2019 UnitedKingdom

Hotelbeds Group 2016 Spain

Lytx 2020 UnitedStates

Moly-Cop 2016 UnitedStates

Mytheresa 2014 Germany

Outsystems Holdings 2018 Portugal

Paysafe Group 2017 UnitedKingdom

Praesidiad 2017 Belgium

Qlik 2016 UnitedStates

Refinitiv 2018 UnitedStates

Sportradar 2018 Switzerland

SUSE 2019 Germany

Techem 2018 Germany

Veeam 2019 UnitedStates

Visma 2019 Norway

Waymo 2020 UnitedStates

West Corporation 2017 UnitedStates

Sector Description Investors Stake

99 Cents Only Stores is a premier deep-discount

retailer that primarily carries name-brand
consumable and general merchandise. 99 Cents Only
Stores has over 350 outlets in California, Texas,
Arizona, and Nevada.
Aernnova is a leading supplier of aero-structures and
aircraft components.

A prestige founder-led beauty brand that specialises

in products for the brows, eyes, lips and face.

Ascot Group is CPP Investments’ property &

casualty insurance platform, through which CPP
Investments owns Ascot Underwriting (acquired in
2016), Ascot Re, and Ethos Specialty. Ascot
Underwriting is a best-in-class property and casualty
insurance underwriter with global specialty
origination and underwriting capabilities operating in
the Lloyd’s of London market. Ascot Group also
owns and operates Ascot Re, an A-rated Bermuda
reinsurer, and Ethos Specialty, a U.S.-based
managing general agent. Ascot is a long-term
platform investment for CPP Investments.

Axel Springer is a media and technology company

that is active in more than 40 countries, providing
information across its diverse leading classifieds
portals (StepStone Group and AVIV Group) and
media brands (among others Bild, Welt, Business
Insider, Politico Europe).

BGL is the U.K.’s leading disruptive digital

distribution platform for personal lines insurance and
household financial services. The company operates
Comparethemarket.com, the U.K.’s leading price-
comparison website, as well as an Insurance
Distribution & Outsourcing unit, which creates,
distributes, and manages insurance policies under
some of the U.K.’s most well-known brands.

Brickman Group, Ltd. is the leading provider of

landscape maintenance and snow removal services
in the United States, serving a diversified base of
more than 10,000 clients.
Cherwell provides IT service management (ITSM)
platforms to enterprises, used to enter, track and
fulfill all IT requests for internal IT teams.
Diamond Resorts is a leading timeshare operator in
the U.S., with an international portfolio of vacation
destinations.

DistroKid is an independent music management

platform that enables musicians to distribute,
promote and monetize their music across digital
service providers.

Douglas is the leading specialist retailer for beauty

and cosmetics products in Europe, with operations in
19 countries. The company operates under the
Douglas brand across Europe (ex France) and under
the Nocibé brand in France.

Endeavor (formerly known as WME|IMG) is a global

leader in entertainment, sports and fashion
operating in more than 30 countries. Named one of
Fortune’s 25 Most Important Private Companies,
Endeavor specializes in talent representation and
management; brand strategy, activation and
licensing; media production, sales and distribution;
and event management.

Fieldwood is a Houston-based portfolio company of

Riverstone Holdings LLC, and is focused on the
acquisition and development of oil and gas assets in
the Gulf of Mexico.

Galileo is a leading international provider of higher

education with an offering that spans from applied
arts, fashion, design and digital to business and
medicine.
Informatica is the leading independent provider of
enterprise data integration software and services for
enterprises globally.
Leading independent conveyor car wash operator
servicing more than 30 million cars annually across
Europe, the United States and Australia.
Jimmy John’s is a leading sandwich restaurant
chain in the United States.

In November 2019, a consortium of long-term

investors comprising KIRKBI Invest A/S
(“KIRKBI”), a wholly-owned subsidiary of
KIRKBI A/S, the ultimate owner of the LEGO® brand,
funds managed as part of Blackstone’s long-
dated “Core” private equity strategy
(“Blackstone”), and Canada Pension Plan
Investment Board (“CPPIB”; together, the
“Consortium”) closed the take-private
acquisition of Merlin Entertainments plc
(“Merlin” or the “Company”)
MultiPlan is the largest independent claims
processor and secondary preferred provider
organization network in the U.S. healthcare market.
Nouryon (formerly known as AkzoNobel Specialty
Chemicals) is a leading global chemicals business
serving diversified end markets.

Parkdean Resorts is a leading operator of holiday

parks in the U.K. and offers accommodations in
caravans or lodges for rent or sale on the park’s
respective pitches.

Petco is a leading specialty retailer of premium pet

food, supplies and services, which operates more
than 1,400 Petco locations across the U.S., Mexico
and Puerto Rico. In January 2021, Petco began to
trade on the NASDAQ under the ticker WOOF in an
initial public offering. Our investment in the
company is held indirectly through Scooby LP, a
Delaware limited partnership.

PRO Unlimited is a provider of vendor‐neutral,

cloud‐based vendor management software (VMS)
and managed services programs (MSP) for corporate
contingent workforces.

A technology-enabled and data-driven digital sales

and marketing agency providing customer
acquisition solutions to a number of large, consumer
brands.
Solera Holdings, Inc. provides risk and asset
management software and services to the
automotive and property marketplace.
STADA manufactures and markets pharmaceutical
ingredients for the healthcare and pharmaceutical
markets worldwide.

Tech Data is one of the world’s largest

technology distributors. It helps companies like HP,
Apple, Cisco, Microsoft — and hundreds of others
— bring their products to market and offers a wide
range of technical and business support services.

Ultimate Software is a leading global provider of

cloud-based human capital management and
employee experience solutions. Ultimate’s
award-winning UltiPro delivers human resources,
payroll, talent, and time and labor management as
well as HR service delivery solutions.
VelocityEHS is a leading provider of chemicals
management and environmental health & safety
(EHS) software.
Vistage is a leading member-based executive
advisory and coaching organization.
Waystar provides next-generation, cloud-based
technology that simplifies and unifies the healthcare
revenue cycle.

Wilton Re is a provider of life insurance and

reinsurance solutions and a leading acquirer of
closed blocks of life insurance policies in the U.S. This
is a long-term platform investment for CPP
Investments.
ADB Safegate is a leading provider of integrated
airfield guidance solutions for airports and airlines
worldwide.

Alpha Consumer Care is the combination of two

over-the-counter (OTC) drug manufactures, Cooper
and Vemedia. Cooper is an independent French OTC
drug manufacturer and distributor to over 22,000
pharmacies across France. Vemedia is a pan-
European OTC player with a strong presence in the
Netherlands.

Ascend Learning is a leading provider of online

educational content, software and analytics solutions
serving institutions, students, and employers in
healthcare and other high-growth, licensure-driven
professions.

Asurion is the global leader in technology support

and protection, partnering with leading wireless
carriers, retailers and pay-TV providers to drive
customer adoption, engagement and loyalty. With
more devices protected and supported than any
other provider, Asurion’s 16,000 global
employees support its 300+ million consumers
around the world with an award-winning experience
delivered through products and services that have
set the standard in the industry.

Berlin is a leading hybrid packaging distributor of

rigid packaging products, primarily focused on the US
and serving a wide range of end markets, including
food and beverage, personal and pet care, chemicals
and, healthcare.
Blackhawk operates a leading physical and digital gift
card and prepaid payments network, connecting
brands to retail distribution locations and online
channels via its gift card processing system.

Can Art Aluminum is a leading provider of aluminum

extrusion products in North America. The company
manufactures and sells a variety of standard and
customized aluminum extrusion profiles.
Cyxtera is a leading provider of data center
colocation, software-defined perimeter,
cybersecurity and analytics solutions.

Diaverum is one of the world’s leading providers

of renal care and the largest independent service
provider in Europe. Their experience in renal care
dates back 20 years, when the first dialysis clinic in
what is now Diaverum was established. Since then,
Diaverum has been at the forefront of the renal
service markets. Operations currently span 20
countries and serve a base of more than 26 000
patients.

Dorna is an international sports management, media

and marketing company that holds the global rights
to organize the FIM Road Racing World
Championship Grand Prix, known as MotoGP, and
the FIM World Superbikes (SBK) Championship
which, together, represent the two pre-eminent
motorcycle racing series in the world.
Dynata is one of the world’s leading providers of
first-party data contributed by consumers and
business professionals.

Epicor is a leading ERP software vendor, with a focus

on the mid-market, serving the manufacturing,
distribution, retail and automotive industry verticals.

First Eagle is a value‐oriented, long‐only mutual

fund platform focused on flexible, benchmark-
agnostic, absolute return oriented investing which
aims to provide clients with downside protection.

GEA Heat Exchangers operates as a leading global

manufacturer of heat exchangers for industrial
applications. The business focuses on design,
engineering, and manufacturing of parts integrated
into larger systems and manufactures commercial
HVAC systems.
Inmarsat is the global leader in mobile satellite
communications, powering global connectivity for
four decades.

Hotelbeds is the largest independent business-to-

business (B2B) bedbank globally, offering hotel
rooms to the travel industry from its inventory of
180,000 hotels in over 185 countries, to its customer
base across more than 140 source markets.
Lytx is a leading provider of video telematics,
analytics, safety and productivity solutions for
commercial, public sector and field services fleets.
Moly-Cop USA LLC manufactures and distributes
grinding media products for the mining sector.

Mytheresa is a Munich-based luxury fashion e-

commerce retailer. In January 2021, MYT
Netherlands Parent B.V., the parent company of
Mytheresa, began to trade on the New York Stock
Exchange under the ticker MYTE following an initial
public offering. Our investment in the company is
held indirectly through MYT Holding LLC.

OutSystems is a leading low-code software

application development platform. Low-Code
application development software is used as an
alternative to traditional coding (i.e. Java, .Net, C++),
designed to enable developers and business users to
rapidly build and efficiently maintain sophisticated
applications.

Paysafe Group Limited provides payment, e-wallet

and processing solutions for small and medium-sized
businesses and individuals across Europe, North
America, and internationally.

Praesidiad is a world market leader of force

protection solutions, integrated perimeter security
systems and industrial mesh production and fencing
products.

Qlik is a leading provider of next‐generation

Business Intelligence software solutions for the
Enterprise and SMB markets. Qlik offers products
that allow business users to quickly analyze, visualize
and prepare reporting data.
Refinitiv (formerly Thomson Reuters F&R) is a world-
leading data and financial technology platform that
provides critical information and data analytics,
enables financial transactions, and connects
communities of trading, investment, financial and
corporate professionals. It also provides leading
regulatory and risk management solutions to help
customers anticipate and manage risk and
compliance.

Sportradar is a global leader in understanding and

leveraging the power of sports data and digital
content for its clients around the world. The
Company collects, processes, and distributes live
sports-related data to media companies,
bookmakers, sports federations and state
authorities.
SUSE is a leading open-source software company
that develops and sells infrastructure software to
business customers.

A technology-enabled and data-driven digital sales

and marketing agency providing customer
acquisition solutions to a number of large, consumer
brands.
Veeam is the global leader in cloud data
management.
Europe’s leading cloud software solutions for
businesses, organisations and the public sector –
designed to make people work smarter.

Waymo is a leading developer of autonomous

vehicle technology. Founded in 2009 as the Google
Self-Driving Car Project, the company is building the
world’s most experienced driver.

West Corporation is a global provider of

communication and network infrastructure services.