Stewardship

Owen Kastrell

Partner · Investment Committee · reports to Lia Korvell

1 direct report: Julian Aumont

$2.00B

Capital under stewardship

20.1% of firm deployed

Companies accountable for

5 sectors

13%

In the largest holding

of this book’s capital

16.5%

Of committed capital

firm total $12.1B

Condition of this book

By company

By capital

$524M

$625M

$270M

$524M

Deteriorating3Elevated0Watching7Improving2Stable4No coverage1

Portfolio difficulty

Turnaround / underperformer / pre-exit2 of 17

Vehicles this book spansFund II $1.19B · Fund III $810M

SectorsCybersecurity, Education Technology, Enterprise Software, Healthcare Technology, Vertical SaaS

Other roles heldIC sponsor ×1

Management response

Open escalations

Companies open > 8 weeks

Directions published

3/7

Actions complete

17 companies

17 companies · sorted by attention

Needs attention only


1262	Trivanta Systems Enterprise Software	780 high growth	Escalated	81/75	+6	+10	21	3mo	85%	11/4
870	Wexbourne Applications Enterprise Software	175 underperformer	Escalated	74/70	+4	+9	11	4mo	66%	—
358	Pentworth Data Group Enterprise Software	410 high growth	Developing	63/74	-11	+9	1	3w	86%	—
208	Thalvern Security Group Cybersecurity	520 platform	Developing	60/73	-13	+7	1	5w	81%	—
192	Solverance Health Systems Healthcare Technology	310 high growth	Developing	58/74	-16	+5	1	4w	82%	—
94	Hollifern Property Software Vertical SaaS	340 sale preparation	Developing	55/75	-20	-7	1	6w	82%	12/3
90	Galcroft Education Systems Education Technology	285 mature holding	Developing	51/73	-22	+6	1	7w	77%	—
82	Ormsdale Field Software Vertical SaaS	88 mature holding	Developing	44/70	-26	—	1	8w	82%	—
70	Cindermoss Cyber Defence Cybersecurity	109 bolt-on	Developing	48/71	-23	+9	1	3w	75%	—
60	Ravendell Learning Systems Education Technology	190 recent acquisition	Developing	41/71	-30	+7	—	—	81%	—
60	Marnwood Logistics Software Vertical SaaS	195 high growth	Weak	39/72	-33	+4	—	—	86%	—
60	Fennmore Health Analytics Healthcare Technology	220 high growth	Weak	31/73	-42	+2	—	—	86%	—
30	Quillane Software Group Vertical SaaS	265 platform	Developing	45/74	-29	-3	—	—	84%	—
30	Attavia Clinical Software Healthcare Technology	155 bolt-on	Developing	42/71	-29	-1	—	—	80%	—
0	Orvantis Enterprise Software Enterprise Software	640 mature holding	Weak	36/76	-40	-2	—	—	79%	—
0	Ryvenholt Assurance Cybersecurity	230 high growth	Weak	23/72	-49	-1	—	—	89%	—
0	Brackwell Systems Vertical SaaS	130 recent acquisition	No program	0/0	0	—	—	—	—	—