1. Centana Growth Partners: A Private Equity Firm Specializing in Growth Capital Investments
Tiburon Research
December 28, 2018

2. Centana Growth Partners
Comments
Founded in 2015
Founded by Eric Byunn, Ben Cukier, & Steven Swain
Based in New York, NY
1 Fund
$23 Million Assets Under Management
Managing Partners: Eric Byunn, Ben Cukier, & Steven Swain
Web site:
Source: 12/10/18 American Banker; 3/10/17 Centana Growth Partners Reg D Filing; 12/15/16 Bloomberg Web Site; 12/15/16 Centana Growth Partners Web Site; 12/15/16 LInkedIn Web Site; 10/28/16 Centana Growth Partners Reg D Filing; Tiburon Research & Analysis 1

3. Centana Growth Partners History
Centana Growth Partners was Founded in 2015 and Has Subsequently Evolved through its Fund Raising, Middle, & Recent Phases
Centana Growth Partners
History
Centana Growth Partners Founded
Centana Growth Partners Today
Fund Raising
Phase
Middle
Phase
Recent
Phase
Approximate Dates:
2015
2018
2019
2019
Key Steps:
2015: Centana Growth Partners founded
2015: Raised fund #1
XXXX: --
XXXX: --
Source: 12/10/18 American Banker; 3/10/17 Centana Growth Partners Reg D Filing; 12/15/16 Bloomberg Web Site; 10/28/16 Centana Growth Partners Reg D Filing; 12/15/16 Securities & Exchange (SEC) Web Site; Tiburon Research & Analysis 2

4. Centana Growth Partners was Founded by Eric Byunn, Ben Cukier, & Steven Swain in 2015
Comments
Founded in 2015
Founded by Eric Byunn, Ben Cukier, & Steven Swain
Based in New York, NY
Managing Partners: Eric Byunn, Ben Cukier, & Steven Swain
Web site:
Source: 12/10/18 American Banker; 6/12/17 Business Wire; 3/10/17 Centana Growth Partners Reg D Filing; 12/15/16 Centana Growth Partners Web Site; 12/15/16 LInkedIn Web Site; 10/28/16 Centana Growth Partners Reg D Filing; Tiburon Research & Analysis 3

5. Centana Growth Partners Has Raised XX Funds Including…
Fund Raises -- -- -- -- -- -- -- --
Source: Tiburon Research & Analysis

6. Centana Growth Partners is Not a Frequent Advertiser
Advertising
Comments --
Source: Tiburon Research & Analysis 5

7. Centana Growth Partners Centana Growth Partners
Centana Growth Partners Has a Web Site with Five Core Sections, Including About, Portfolio, Team, News, & Contact
Centana Growth Partners
Web Site
Centana Growth Partners
Web Site
About
Portfolio
Team
News
Contact
Source: 12/28/18 Centana Growth Partners Web Site; 12/10/18 Centana Growth Partners Web Site; Tiburon Research & Analysis 6

8. Centana Growth Partners is Not a Frequent Acquirer
Acquisitions
Comments --
Source: Tiburon Research & Analysis 7

9. Centana Growth Partners Has a Charitable Giving Program
Comments --
Source: Tiburon Research & Analysis 8

10. Centana Growth Partners Has Two Offices, Consistent Since 2015
2016 = 12/15/16
Centana Growth Partners
Offices
2015 = 12/15/16
Source: 12/15/16 Centana Growth Partners Web Site; Tiburon Research & Analysis 9 9 9

11. Centana Growth Partners Has Partners
Needs data
Centana Growth Partners
Partners
Source: Tiburon Research & Analysis 10 10 10

12. Centana Growth Partners Has Employees
Needs data
Centana Growth Partners
Employees
1-10 employees (12/15/16)
Source: 12/15/16 LinkedIn Web SiteTiburon Research & Analysis 11 11 11

13. Centana Growth Partners Has Raised One Fund
Needs update
Centana Growth Partners
Funds
2017 = 3/10/17
2016 = 10/28/16
Source: 3/10/17 Centana Growth Partners Reg D Filing; 10/28/16 Centana Growth Partners Reg D Filing; Tiburon Research & Analysis 12 12 12

14. Centana Growth Partners Has Investors
Needs data
Centana Growth Partners
Investors
Source: Tiburon Research & Analysis 13 13 13

15. Centana Growth Partners
Centana Growth Partners Has Investors Including…
Centana Growth Partners
Investors -- -- --
Source: Tiburon Research & Analysis 14

16. Centana Growth Partners
Centana Growth Partners Has Raised $238 Million Assets, Up From $123 Million in 2016
Needs update
Centana Growth Partners
Assets Raised
($ Millions)
2017 = 3/10/17
2016 = 10/28/16
Source: 3/10/17 Centana Growth Partners Reg D Filing; 10/28/16 Centana Growth Partners Reg D Filing; Tiburon Research & Analysis 15 15 15

17. Centana Growth Partners Has Three Investments
Needs update
Centana Growth Partners
Investments
Source: Tiburon Research & Analysis 16 16 16

18. Centana Growth Partners
Centana Growth Partners Has Investments Including…
Possible: Alaia Capital; Blueprint Systems; Catalyst Repositioning Systems; Cloudmark; Jumio; Sentieo; Vena; One
Centana Growth Partners
Investments -- -- --
Source: 12/10/18 American Banker; 10/30/18 Business Wire; 9/16/18 Business Wire; Tiburon Research & Analysis 17

19. Centana Growth Partners Has Invested $__ Million
Needs data
Centana Growth Partners
Investments
($ Millions)
Source: Tiburon Research & Analysis 18 18 18

20. Centana Growth Partners Assets Under Management
Centana Growth Partners Has Gathered $328 Million Assets Under Management, Up From $123 Million in 2016
Needs update
Centana Growth Partners
Assets Under Management
($ Millions)
2017 = 3/10/17
2016 = 10/28/16
Source: 3/10/17 Centana Growth Partners Reg D Filing; 10/28/16 Centana Growth Partners Reg D Filing; Tiburon Research & Analysis 19 19 19

21. Centana Growth Partners Has XX Portfolio Companies
Needs data
Centana Growth Partners
Portfolio Companies
Source: Tiburon Research & Analysis 20 20 20

22. Centana Growth Partners
Centana Growth Partners Has Portfolio Companies Including…
Centana Growth Partners
Portfolio Companies -- -- --
Source: Tiburon Research & Analysis 21

23. Centana Growth Partners Generates Revenues
Needs data
Centana Growth Partners
Revenues
($ Millions)
Source: Tiburon Research & Analysis 22 22 22

24. Centana Growth Partners Earns $___ Million
Needs data
Centana Growth Partners
Net Profits
($ Millions)
Source: Tiburon Research & Analysis 23 23 23

25. Centana Growth Partners Provides a Number of Services, Including…-- -- -- -- --
Source: Tiburon Research & Analysis 24

26. Centana Growth Partners' First Service is _____
Comments --
Source: Tiburon Research & Analysis 25

27. Centana Growth Partners' Second Service is _____
Comments --
Source: Tiburon Research & Analysis 26

28. Centana Growth Partners Invests $5-to$30 Million
Comments --
Source: 6/12/17 FIN Alternatives; Tiburon Research & Analysis 27

29. Centana Growth Partners
Centana Growth Partners is Led by its Partners Eric Byunn, Ben Cukier, & Steven Swain
Centana Growth Partners
Organizational Chart
Eric Byunn
Managing Partner
Steven Swain
Ben Cukier -- -- -- -- --
Note: Eric Byunn co-founded the firm in 2015; he was formerly at FTV Capital; Ben Cukier co-founded the firm in 2015; he was formerly at FTV Capital; Steven Swain co-founded the firm in 2015; he was formely at Global X Management
Source: 12/10/18 American Banker; 12/15/16 Centana Growth Partners Web Site; Tiburon Research & Analysis 28

30. Centana Growth Partners Has a Board of Directors Led by its Chairman…-- -- -- -- -- -- -- -- -- --
Source: Tiburon Research & Analysis

31. Centana Growth Partners is Privately Owned
Centana Growth Partners LP: CIK # ; Incorporated in Deleware
Comments
Centana Management, LLC:-- --
Source: 3/10/17 Centana Growth Partners Reg D Filing; 12/15/16 Securities & Exchange Commission (SEC) Web Site; 10/28/16 Centana Growth Partners Reg D Filing; Tiburon Research & Analysis 30

32. Centana Growth Partners Has Assets
Needs data
Centana Growth Partners
Assets
($ Millions)
Source: Tiburon Research & Analysis 31 31 31

33. Centana Growth Partners Has Liabilities
Needs data
Centana Growth Partners
Liabilities
($ Millions)
Source: Tiburon Research & Analysis 32 32 32

34. Centana Growth Partners Has Shareholders’ Equity
Needs data
Centana Growth Partners
Shareholders Equity
($ Millions)
Source: Tiburon Research & Analysis 33 33 33

35. Centana Growth Partners Earns … Per Share
Needs data
Centana Growth Partners
Earnings Per Share
Source: Tiburon Research & Analysis 34 34 34

36. Centana Growth Partners Declares … Dividends Per Share
Needs data
Centana Growth Partners
Dividends Per Share
Source: Tiburon Research & Analysis 35 35 35

37. Centana Growth Partners Has a … Dividend Yield
Needs data
Centana Growth Partners
Dividend Yield
Source: Tiburon Research & Analysis 36 36 36

38. Centana Growth Partners' Stock Price is …
Needs data
Centana Growth Partners
Stock Price
Source: Tiburon Research & Analysis 37 37 37

39. Centana Growth Partners Has … Shares Outstanding
Needs data
Centana Growth Partners
Shares Outstanding
Source: Tiburon Research & Analysis 38 38 38

40. Centana Growth Partners' Market Capitalization is …
Needs data
Centana Growth Partners
Market Capitalization
($ Millions)
Source: Tiburon Research & Analysis 39 39 39

41. Needs more complete data Centana Growth Partners
Centana Growth Partners is Owned by Eric Byunn, Ben Cukier, & Steven Swain
Needs more complete data
Centana Growth Partners
Ownership
By Owner
Source: 12/15/16 Bloomberg Web Site; 12/15/16 Centana Growth Partners Web Site; 12/15/16 LInkedIn Web Site; Tiburon Research & Analysis 40 40 40

42. Centana Growth Partners' Stock Volume is….
Needs data
Centana Growth Partners
Stock Volume
Source: Tiburon Research & Analysis 41 41 41

43. Tiburon Strategic Advisors
Comments
Focus on corporate-level strategy
Serve senior executives only at financial services companies
Key services: market seminars, market research, & strategy consulting
Served over 450 corporate clients and completed over 2,200 projects since 1998
Host semi-annual CEO Summits, offer free weekly research releases, and offer free business benchmarking tools for all types of advisors
Chip Roame background
McKinsey & Company
Charles Schwab & Company
Tiburon since 1998
Source: Tiburon Research & Analysis