North Peak Capital LLC

Our goal is to work in partnership with talented managers to build profitable, sustainable businesses, with the ultimate objective of realizing superior risk-adjusted returns for our investors, our management partners and ourselves. The following operating principles guide our operating model and our investment approach: Partnership. We are active investors – committed to providing responsible, long-term oriented, strategic and operational guidance to our companies. Focus. By explicitly limiting our investment activities to a narrow range of opportunities, we are able to offer greater value to our management partners and to provide better stewardship of capital for our investors. Integrity. We operate with unwavering honesty and integrity. Courage. We act boldly and intelligently at all times, measuring risk and seeking it when the reward is more than commensurate. In order to enable us to operate under the above principles, we do relatively few investments and invest significant personal capital in each investment.