Peregrine

Growth Equity

Leveraging GROWTH and QUALITY

Profile

• Founded in 1983
• Consistent application of our investment style and process
• Seasoned investment team managing the portfolio together for 27 years
• Institutional client base limited to 25 relationships
• Assets under management $976 million

Philosophy

Peregrine's Growth Equity style has always been very straightforward: We make long-term investments in 30-50 of the highest quality, most dynamic growth companies that are leaders in their industry. We demand both high growth & high quality in every holding.

Investment Disciplines

Continuously seeking high growth, high quality companies that offer the following characteristics:

1. Future earnings growth at least 50% faster than the S&P 500 Index
   • From a normalized base
   • Beyond an economic cycle
2. Growth driven by high unit volume
3. High quality fundamental characteristics
   • Dominant leader in their industry
   • Low cost producer
   • High returns on equity, low leverage
   • Proven management team committed to a high unit volume strategy