2026 Mid-Year Update Disclosures
This material is for informational and reference purposes only. It does not constitute investment advice, a recommendation, or an offer of any services or products for sale, and is not intended to provide a sufficient basis on which to make an investment decision.
The information contained herein may not be reproduced in whole or in part without the prior written consent of Alpine.
Statements herein reflect Alpine, including its affiliates, opinions and beliefs regarding company prospects, general market activity, industry trends and/or other broad base economic or market conditions. These opinions are not a reliable indicator of future performance or opportunities and actual events will vary from those described herein and may do so materially and adversely. Certain opinions, beliefs and estimates regarding a company generally are based on information, opinions, beliefs and estimates of company management. Alpine’s analysis of market data included herein has not been verified by third-parties, and third-party analyses may reach a different conclusion. Past performance is not an indication or guarantee of future results and there can be no assurance any historical trends will continue.
This material is not a reliable indicator of future performance or opportunities, and actual events will vary from those described herein and may do so materially and adversely. Any forward-looking statements speak only as of the date they are made, and Alpine assumes no duty to and does not undertake to update forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Actual results could differ materially from those anticipated in forward-looking statements.
Past performance not indicative of future results. Results may vary materially and adversely. Please see Alpine’s Terms & Conditions for additional disclaimers.
Alpine Operations Group: Irrespective of employment and exclusivity, any fees, compensation (including incentive equity), reimbursements or other amounts received by Alpine Operations Group (AOG) members (including, without limitation, in-residence programs (e.g. CEO-in-Training (CIT), CEO-in-Residence (CIR), Chief People Officer (CPO), Chief Financial Officer (CFO), PeopleFirst, Talent/Recruiting, Corporate Development, Direct Sourcing (Elevation), Value Creation Services (Atlas) including but not limited to, Customer Experience, Sales & Marketing, Pricing and Financial Operations, Technology and Artificial Intelligence (AI) and any yet to be formed services) generally will be paid by a portfolio company or prospective portfolio company and/or the applicable Alpine fund and do not offset such Alpine fund’s management fee. Accordingly, the fees and expenses of Alpine Operations Group members are not covered by the Alpine fund’s management fee and will not otherwise reduce the management fee. There can be no assurance that no other service provider is more qualified to provide such services or could provide such services at a lesser cost. Similarly, there can be no assurance that Alpine Operations Group services will be deployed on behalf of a portfolio company, or if deployed, that they will lead to investor returns. Similarly, there can be no assurance Alpine Operations Group members will be exclusive to a portfolio company or any Alpine fund. We use “Alpine HQ” to refer to employees of both the management company and Alpine Operations Group.
The 2025 HEC Paris-Dow Jones Upper Mid-Market Buyout Performance Ranking is the opinion of the party conferring the ranking and not of Alpine Investors. The 2025 HEC Paris-Dow Jones Private Equity Performance Ranking, published on March 3, 2026, was based on funds raised between 2012 and 2021. Alpine provided fund information to HEC Paris-Dow Jones upon request to inform the 2025 HEC Paris-Dow Jones Private Equity Performance Ranking. Alpine did not provide compensation, directly or indirectly, in connection with obtaining or using this ranking. There can be no assurance that other providers or surveys would reach the same conclusion as the foregoing. Past performance is not indicative of future results. To learn more about the HEC Paris-Dow Jones Private Equity Performance Ranking and its methodology, please visit: https://www.hec.edu/en/private-equity-ranking.
To determine this list, GrowthCap evaluates several hundred growth equity firms on their unique capabilities, sector expertise, investment judgment, demonstrated value creation, as well as their talent development and retention and firm evolution, among other attributes. A fraction of final round candidates are ultimately selected as awardees.GrowthCap is not affiliated with Alpine and Alpine paid a fee in acceptance of the award. The award was given on February 11th, 2026, and was based off Alpine’s unique capabilities and reputation in 2025. For more information about the selection criteria and process, please visit GrowthCap’s website.
