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Investor Presentation March 2016

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Why focus on Private Investments?<br />

• More quantity and quality than Canadian Public Markets<br />

• Value creation is higher in private phase<br />

• Better capital structures<br />

• Many of the best companies do not need the public markets<br />

• M&A exits are easier for private companies<br />

• Private markets are robust – over $500 million raised in the top<br />

ten transactions alone<br />

16

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