Private Equity Firm

Zephyr Management

12 East 49th Street, 41st Floor

New York, New York

United States

(212) 508-9400

https://www.zmlp.com

Zephyr Management, L.P. is a private equity firm focused on identifying investment opportunities across emerging markets. Funds Under Management: - Zephyr Peacock India Fund * Seeks to make private equity investments targeting India's small and medium market corporate segment. - Emerald Sri Lanka Fund * Invests in high growth private businesses selling products and services in Sri Lanka and overseas. - African Agricultural Capital Fund * Zephyr Management was appointed successor manager of AACF in October, 2018. Zephyr is providing active support to portfolio companies to address capital needs and working toward an orderly liquidation of AACF's six remaining investments. - Pan-African Investment Partners * Makes private equity investments in Africa. - South Africa Capital Growth Fund (SACGF) and South Africa Private Equity Fund (SAPEF) * Launched in August 1995 to make private equity investments in the Republic of South Africa and other countries in Southern Africa. - Zephyr Korea (ZK) * Makes privately negotiated equity investments in small and medium-sized Korean companies and purchases interests in existing Korean private equity funds at a discount to net asset value in the secondary market. - ZN Mexico Trust (ZNM) and ZN Mexico II (ZNM II) * Launched in 1998 and 2002, respectively, to make private equity investments in middle market companies in Mexico participating in the growth opportunities created by the North American Free Trade Agreement. Target Sectors: - Pharmaceuticals - Food and Agriculture - Financial Services - Infrastructure Support Services Transaction Types: - Growth Equity Additional Offices: - Karnataka, India - Colombo, Sri Lanka

29

Portfolio Companies

6

Executives

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