The Scout Program offers a wide range of benefits to New Managers, including:

• Streamlined access to institutional capital: the ability to obtain capital, eliminating the difficulty of raising capital independently
• Investment discretion: the ability to manage institutional capital independently, subject to the Program's guidelines
• Creation of institutional track record: opportunity to establish the type of performance history required by institutional investors
• Establishment of relationships with institutional investors: the opportunity to develop new business relationships with established institutional investors
• Access to working or growth capital: the program may provide new managers with a limited amount of capital for business formation and investment platform growth
• Strategic guidance and support: assistance in developing the necessary infrastructure, processes and procedures to properly invest and manage institutional capital