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Source Capital | 2022 Mid-Year Review

June 2022

We would like to take this opportunity to thank our investors, partners, and friends for an active and a successful first half of the year. During 1H 2022, we closed twelve new investments through our two separate strategies - equity and debt (SBIC fund). The equity team closed three new platforms and six add-on acquisitions while the debt team closed three new investments, which comprised of both debt and equity co-investments. Additionally, we celebrated our 20th anniversary, promoted a colleague, and added two new members to our growing team. Looking ahead, we are actively seeking new debt and equity investments, including add-on opportunities. Thank you all for your continued support, and best wishes for a healthy and prosperous 2H 2022!

About Source Capital

Source Capital is a private investment firm that invests in mature, lower middle-market companies across a range of industries. Source Capital's investment strategy targets growing companies with greater than $2 million in EBITDA seeking a growth-oriented partner. Since its founding in 2002, Source Capital has made 25 equity platform investments, 52 add-on acquisitions, and 40 debt investments. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team.

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With Source Capital

Source Capital, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). However, registration as an investment adviser with the SEC does not imply a certain level of skill or training. This website is for informational purposes only and does not constitute a complete description of our investment services. Past performance is no guarantee of future results. Investing involves risk. Principal loss is possible. This website does not constitute an offer to sell or a solicitation of an offer to buy any security. Additional information about Source Capital, LLC and its affiliated investment advisers is available on the SEC's website at www.adviserinfo.sec.gov and in our Form ADV Part 2A Firm Brochure and Form ADV Part 2B Brochure Supplements.

Source Capital LLC

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