EUROPEAN REAL ESTATE Five funds plus three co-invests (€1.7 billion) INFRASTRUCTURE Five funds plus one managed account ($2.6 billion) SENIORS HOUSING Two funds plus four co-invests ($367 million) U.S. REAL ESTATE Six funds ($1.2 billion) CREDIT SOLUTIONS Four funds including SBA leverage ($828 million) EUROPEAN GROWTH CAPITAL Two funds (€337 million) GROWTH EQUITY Four funds ($308 million) DISCOVERY One fund ($56 million) FUND TOTALS 2003 HMC Board of Directors Charlie Miller, Joel Piassick, Mike Luce, Raymond Harbert, Will Brooke, David Boutwell 2013 EUROPEAN GROWTH CAPITAL 2014 DISCOVERY 2015 SENIORS HOUSING 9 “Philosophically, it’s clear they have strong convictions about their investment strategy. Convictions they demonstrate by investing their own personal capital. It’s good to know they are shoulder-to-shoulder with us. It shows they believe in what they are doing and have a vested interest in succeeding.” Maurice Coleman Deputy Chief Investment Officer Teachers Retirement System of Louisiana 2013 EUROPEAN GROWTH CAPITAL 2014 DISCOVERY 2015 SENIORS HOUSING 2018 Board Of Directors