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Certain information on the Alpine Site includes financial information and reports and other historical information regarding financial performance, other investment metrics and/or investment processes of Alpine and was prepared for use prior to November 4, 2022, the effective date of Rule 206(4)-1 under the Investment Advisers Act of 1940, as amended. To the extent that the information contain references to the historical performance of a fund or any investment thereof, investors must consider the information only in the broader context of other information prepared by Alpine, and particularly subject to the gross, net and other performance disclosures and data contained in the relevant Alpine funds’ governing documents.
Purpose of the Site; Not Investment Advice; No Recommendations
The information presented on or through the Site is made available solely for informational purposes in relation to Alpine and its financing capabilities for prospective portfolio companies. Alpine does not warrant the accuracy, completeness, or usefulness of any information on the Site. Any reliance you place on such information is strictly at your own risk. Alpine disclaims all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to the Site, or by anyone who may be informed of any of its contents.
This Site is not intended to provide legal, business, tax, accounting, investment, or other advice. You agree not to construe any of the Content (as defined below) provided in connection with the Site as legal, business, tax, accounting, investment, or other advice. You agree that the Content provided in connection with the Site does not, and shall not be deemed to, constitute an offer to sell, or a solicitation to any person to buy, any security or similar investment. You understand that none of the Content constitutes a recommendation that you or any other person purchase, sell or hold any security, company, investment product or similar investment, or that you should pursue any investment strategy, and the Content is not to be relied upon for the purpose of making investment or other decisions. In addition, you understand and agree that all Content provided in connection with the Site is published without consideration of your individual circumstances, financial, or otherwise. Accordingly, you agree that you are solely responsible for any investment decisions or other determinations made, including, the evaluation of any investment or other risks, with respect to any of the Content provided in connection with the Site. You agree to consult your own professional advisors as to any legal, business, tax, accounting, financial, or other advice regarding any Content provided in connection with the Site.
Alpine does not solicit or make its services available to the public. The Content provided on or through the Site may include information regarding past and/or present portfolio companies or investments managed by Alpine, its affiliates and/or personnel. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Further, references to past and present portfolio companies should not be construed as a recommendation of any particular investment or security. Current and previous portfolio companies listed on the Site are not to be considered a complete list of all investments historically made by Alpine. The portfolio companies listed should not be assumed to have been profitable. Any past performance information on the Site is not necessarily indicative, or a guarantee, of future results.
Certain information contained on this Site constitutes “forward-looking statements.” All forward-looking statements represent only the intent and belief of Alpine as of the date such statements were made. None of Alpine or any of its affiliates (i) assumes any responsibility for the accuracy and completeness of any forward-looking statements or (ii) undertakes any obligation to disseminate any updates or revisions to any forward-looking statement contained on the Site to reflect any change in their expectation with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements.
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From time to time, Alpine may provide links from this Site to websites operated by third parties. Alpine’s decision to do so is in no way an endorsement of these sites. Alpine does not monitor, edit or control such third-party sites and is not responsible in any way for the suitability of their content or for the quality of the products or services offered therein. Your choice to follow links to such websites is at your sole risk. When you click on a link to another website you will be leaving the Site. If you have any questions regarding a linked site, please direct them to the administrator of the relevant site. Alpine reserves the right to terminate any link at any time.
Disclaimer of Warranties
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Limitation of Liability
THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
Limitation on Time to File Claims
Certifications, Awards and Ratings
Certifications, awards and rankings are based upon third-party reviews and opinions and are not indicative, or a guarantee, of Alpine’s or any of its portfolio companies’ performance. All certifications are produced by third parties which are not affiliated with Alpine. Alpine pays an annual fee for all certifications. These certifications may not be representative of any one person’s experience. Further, these recognitions are not to be construed as indicative of Alpine’s future performance or person’s future experience. These certifications should not be construed as a testimonial regarding Alpine’s advisory capabilities and do not necessarily relate to the profitability or performance of its clients. There can be no assurance Alpine will maintain any rating or certifications. For more information of the selection criteria of B Corp, Great Place to Work, and the UNPRI, please visit https://bcorporation.net/about-b-corps
, and https://www.unpri.org/pri/about-the-pri
We nominated our firm to be considered for GrowthCap’s Top 25 Private Equity Firms list and did not pay a fee in the submission. Awardees needed to pay a fee to confirm their acceptance of the award. Alpine is not affiliated with GrowthCap. For more information about GrowthCap’s awards and selection process, please visit its website: https://growthcapadvisory.com/the-top-25-private-equity-firms-of-2022/
Portfolio Leader Statements
Certain statements about Alpine made by portfolio company executives herein are intended to illustrate Alpine’s business relationship with such persons, including with respect to Alpine’s facilities as a business partner, rather than Alpine’s capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Alpine-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.
Alpine Operations Group (“AOG”) (including without limitation CEO-in-Training (CIT), CEO-in-Residence (CIR), and other “In Residence” programs, PeopleFirst, Talent/Recruiting, Corporate Development, Direct Sourcing, Sales and Marketing, Pricing and Customer Experience)
Any fees, compensation (including incentive equity), reimbursements or other amounts received by AOG members 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 AOG 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 AOG services will be deployed on behalf of a portfolio company, or if deployed, that they will lead to investor returns.
Alpine Investors maintains an ESG policy and intends to apply that policy to certain Funds’ investment activities. Depending on the investment, certain ESG factors, such as product environmental and conservation considerations, corporate governance and employee relations, could have a material effect on the return and risk of the investment. Alpine Investors endeavors to consider material ESG factors in connection with its investment activities. However, the act of selecting and evaluating material ESG factors is subjective by nature, and there is no guarantee that the criteria utilized or judgment exercised by Alpine Investors or a third-party ESG specialist will reflect the beliefs or values of any particular Limited Partner or align with the practices of other asset managers or with market trends. Considering ESG factors when evaluating an investment may cause a Fund not to make an investment that it would have made in the absence of such consideration. Additionally, ESG factors are only some of the many factors Alpine Investors may consider in making an investment, and there is no guarantee that Alpine Investors will make investments in companies that create positive ESG impact or that consideration of ESG factors will enhance long-term Limited Partner value and financial returns. Although Alpine believes its ESG policy will enhance the performance of the Portfolio companies in which a Fund invests over the long term while also having a beneficial impact, Alpine cannot guarantee that its ESG program will positively impact the financial or ESG performance of any individual investment or any Fund as a whole. Similarly, to the extent Alpine Investors or a third-party ESG specialist engages with portfolio companies on ESG-related practices and potential enhancements thereto, there is no guarantee that such engagements will improve the financial or ESG performance of the investment. Successful engagement efforts on the part of Alpine Investors or a third-party ESG specialist will depend on the relevant General Partner’s skill in properly identifying and analyzing material ESG and other factors and their value, and there can be no assurance that the strategy or techniques employed will be successful. In addition, the General Partner’s ESG programs and policies may change over time. It is possible that market dynamics or other factors will make it impractical, inadvisable or impossible for the Manager to adhere to all elements of the General Partner’s investment strategy, including ESG considerations, whether with respect to one or more individual investments or to the Fund’s portfolio generally. Similarly, in evaluating a company, Alpine Investors often depends upon information and data provided by the company or obtained via third-party reporting or advisors, which may be incomplete or inaccurate and could cause Alpine Investors to incorrectly assess the company’s ESG practices and/or related risks and opportunities. Further, Alpine Investors does not independently verify all ESG information it receives from investments or third-party advisors or data sources, and it may decide in its discretion not to use certain information. Alpine Investors makes no representation or warranty, express or implied, with respect to the accuracy, fairness, reasonableness, fitness for use, or completeness of any of the information contained herein, and expressly disclaims any responsibility or liability therefor. Although Alpine Investors will endeavor to present material ESG reports to investors, the issuance of such reports will be based on its sole and subjective determination of whether a material ESG issue has occurred in an investment. Further, Alpine Investors is not obligated to produce such reports.
Alpine’s status as a PRI signatory or Certified B Corporation does not necessarily mean that the General Partner will gradually improve its ESG program or process over time, reduce ESG-related risk or otherwise create positive ESG outcomes through its investment activities. There can be no guarantee that Alpine will continue to be a PRI signatory or Certified B Corporation in the future.
‘Our Impact’ Page
Bain & Co developed employee Net Promoter Score (eNPS) metric to measure employee engagement. eNPS is measured by asking employees on a scale of 0 to 10, how likely they are to recommend their organization as a place to work. It is calculated as (Promoters-Detractors) / (Total Respondents), where Detractors score 0–6, Neutrals score 7–8, and Promoters score 9–10. eNPS may not be representative of any one employee’s experience because the rating reflects an average. eNPS ratings are not indicative of future fund.
Data as of February 6, 2023. CIT Program class sizes by year as measured by CIT onboarding date: 2023 (4), 2022 (28), 2021 (12), 2020 (13), 2019 (12), 2018 (20), 2017 (12), 2016 (3), 2015 (2). Historically, 42% of CITs have been women and 39% have been minorities. Alpine defines BIPOC as individuals who identify as Black, Indigenous, and/or People of Color. Data presented is based on self-identification. 2023 class represents off-cycle hires and does not represent summer 2023 hires.
For FY2021 including three office locations (San Francisco, New York City, Salt Lake City) and remote employees as of 12/31/21. Scope 1 and 2 and selective Scope 3 emissions were included. The scope of the review did not include Alpine’s portfolio companies (i.e., Alpine’s “financed emissions”). Information regarding waste from Alpine’s office locations is not available and not included in the analysis. As stated, Alpine purchased and retired verified carbon credits from third party marketplace, Gold Standard. Alpine is relying on the verification of Gold Standard and makes no independent claims regarding verification or validity for these carbon credits and project.