Mountaingate Management Co., LLC

**Background:** KRG Capital Management, LP is a private investment management firm specializing in providing advisory services to privately offered investment funds. The firm operates as a relying adviser to Mountaingate Management Co., LLC, registered with the SEC. KRG Capital Management was established in April 2001 and serves as the general partner of KRG Capital Fund IV, LP, managing investments predominantly in non-public companies. **Expertise:** KRG Capital Management focuses on acquiring controlling interests in middle-market companies and growing them through internal growth and strategic acquisitions. The firm's investment strategies primarily involve buy-and-build opportunities in niche industry sectors. The firm manages approximately $62.5 million in client assets on a discretionary basis as of December 31, 2024. **Consumer-Facing Terms:** - Minimum Investment: $5 million for third-party investors in the KRG Funds - Fee Structure: Management Fee up to 2.0% of capital commitments, Carried Interest of 20% of realized profits - Fiduciary Duty: KRG Capital Management has discretionary authority over investments - Investment Discretion: Clients generally do not have limitations on KRG Capital Management's authority - Custody: KRG Capital Management has custody of the KRG Funds' assets - Proxy Voting: KRG Capital Management votes proxies in the best interest of the KRG Funds, with a Proxy Policy in place **Investment Philosophy:** KRG Capital Management's investment philosophy centers on identifying attractive platform companies in niche sectors, formulating growth strategies, and actively participating in portfolio companies' management. The firm's investment strategies are focused on long-term, illiquid investments in middle-market companies, with a keen focus on risk management and due diligence. This summary provides an overview of KRG Capital Management's background, expertise, consumer-facing terms, investment philosophy, and key operational practices as outlined in the brochure. For further details or specific inquiries, please refer to the original brochure or contact KRG Capital Management directly.