Morgan Stanley & Co. LLC

Vista Equity Partners is a U.S.-based investment firm with offices in Austin, Chicago, New York City, Oakland, and San Francisco with more than $52 billion in cumulative capital commitments. Vista exclusively invests in software, data, and technology-enabled organizations led by world-class management teams. As a value-added investor with a long-term perspective, Vista contributes professional expertise and multi-level support towards companies to realize their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity.

From a top-down perspective, Blackstone Alternative Asset Management (BAAM) focuses on positioning funds to capitalize on market opportunities through focused research and allocation of resources. From a bottom-up perspective, the firm seeks to build deep relationships with underlying hedge fund managers that are strengthened by their investment professionals' relevant experience in the financial markets, as well as the Blackstone network in other alternative asset classes.Their funds' strategies generally allocate capital to a diversified group of portfolio (i.e., hedge fund) managers that invest or trade in a wide variety of securities and other instruments, including, but not limited to, equities and fixed-income securities, currencies, commodities, futures contracts, options and other derivative instruments, all of which may be listed or unlisted, rated or unrated, distressed or publicly or privately issued. BAAM Funds also may invest in separate managed accounts with underlying managers. In general, BAAM offers 3 types of products: (1) commingled funds (2) customized funds (3) advisory clients.BAAM employs various types of investment strategies including broadly diversified and strategy focused. Their strategy focuses strategies include: (1) equity: fundamental, opportunistic trading, top down, private equity and quantitative long/short (2) credit: opportunistic, relative value, mortgages and structured/asset back securities (3) corporate distressed (4) leveraged loans (5) event-driven (5) direct origination (6) reinsurance (7) hedging (8) managed futures (9) commodities (10) interest rates and (11) emerging markets.

BFM utilizes fixed-income strategies that are actively managed, model or index based. Actively managed fixed-income mandates generally employ an active investment style that emphasizes rotation among different types of debt on a relative value basis, specific security selection, quantitative analysis of each security and the portfolio as a whole and intensive credit analysis and review. They utilize a risk-controlled, systematic process for portfolio construction and alpha generation. Alpha sources may include security selection, duration and yield curve positioning, industry rotation, asset allocation, and currency positioning. BFM's equity platform includes a broad range of products that vary according to investment style (active, scientific and passive management), market-cap (small-, mid-, small/mid-, large- and all-cap), and geography (global, international and regional). The product range may also include sector funds, long-only and long-short portfolios, as well as products that combine different strategies to create balanced and asset allocation portfolios. For cash management portfolios, the investment process emphasizes safety and liquidity over yield. Their alternative mandates focus on sourcing and managing high-alpha investments with lower correlation to public markets and developing a holistic approach to address client needs in alternatives investing.