Northern Right Capital Management, L.p.

Northern Right Capital Management, L.P. is a Texas limited partnership founded in September 2004, based in Darien, Connecticut. The firm specializes in providing discretionary investment management services to private funds and separately managed accounts. They manage private investment vehicles such as the Northern Right Capital (QP), L.P. and Northern Right Capital Offshore, L.P. The firm's investment strategy focuses on achieving long-term capital appreciation through a long/short approach, targeting mispriced high-quality businesses with a value orientation. They manage approximately $398 million in Regulatory Assets Under Management as of December 31, 2024. Clients are subject to management fees ranging from 0.5% to 2% per annum, with additional fees for expenses related to portfolio investments. The firm may engage in performance-based compensation, with a focus on providing best execution for client trades. Northern Right has a Code of Ethics in place to ensure high standards of conduct and compliance with regulations. Clients receive periodic performance reports and account valuations, and the firm has custody of client funds and securities. Northern Right has not had any material disciplinary events and maintains proxy voting policies to act in clients' best interests.