Investments All Current Exited Industrials Business Services Consumer Supply Chain/Logistics Aerospace & Defense Website benningtonmarine.com Headquarters Elkhart, IN Leadership Steve Vogel, Founder and CEO Date of Investment December 2009 Status Exited (May 2018) Structure Shared-control with management Company Profile Balmoral invested alongside its founder in what has grown to become the leading manufacturer of pontoon boats in North America. The 15 year old brand is best known for fit and finish, comfort and aesthetic appeal. It dominates the middle- to high-end segments of the pontoon market. Bennington has won or been runner-up for the J.D. Power award in pontoon boats every year it has been offered. Industry Boat Manufacturing Transaction Type Asset purchase from a bank via UCC Article IX purchase Balmoral Opportunity Balmoral joined forces with a strong and committed management team, which included Bennington’s founder and former CEO. Together, we worked to enhance the company’s relationship with its floorplan lender and address the needs of an under-inventoried dealer channel. Website enesco.com Headquarters Itasca, IL Leadership Todd Mavis (CEO) Date of Investment November 2015 Status Exited Structure Equity Company Profile Global leader in the gift, collectible, home and garden décor industries with a portfolio that includes some of the world’s most recognizable brands including Jim Shore, Disney, Department 56, Britto and Our Name Is Mud. Serving more than 40,000 customers worldwide, the company designs, develops, and distributes consumer products to a wide variety of specialty card and gift retailers, home décor boutiques, national retail chains, and direct-to-consumer retailers. Enesco’s international headquarters is located in Itasca, Illinois with subsidiaries in the United Kingdom, France, Canada and China. Enesco serves markets operating in the Americas, Europe, Canada, Australia and Asia. Enesco employs approximately 750 associates worldwide. Industry Gift and Collectibles and Home Decor Transaction Type Buyout Balmoral Opportunity Refresh and reinvigorate the company and brands following years of inactive ownership. Website mooyah.com Headquarters Plano, TX Leadership Anand Gala Date of Investment April 2017 Status Active Structure Equity Company Profile Franchisor of fast-casual “MOOYAH” branded restaurants offering fresh, customizable burgers, hand cut fries, and real ice cream milkshakes to customers worldwide. The Company is a global brand with 93 locations spanning 10 countries, including 73 stores in the U.S. and 20 international stores. MOOYAH’s ongoing growth and success is driven by its strong network of franchisees who value MOOYAH’s global brand, proven economic model and passionate, committed leadership team. Industry Restaurant Brand Transaction Type Buyout, Growth Investment Balmoral Opportunity Partner with Anand Gala, 30 year industry veteran, and MOOYAH management. Website thingsremembered.com Headquarters Cleveland, OH Leadership Todd Mavis Date of Investment March 2019 Status Exited Structure Equity Company Profile Leading omnichannel retailer of personalized gifts and merchandise for every milestone and the everyday. The company’s proprietary merchandise, quality assortments, unmatched in-store experience and employees committed to helping customers bring one-of-a-kind gifting experiences to life. Industry Personalized Gift Transaction Type Buyout Balmoral Opportunity Complementary acquisition for Enesco LLC.