Endeavor

2017–18 Endeavor Catalyst Annual Report

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4 It's been a very exciting year for Endeavor Catalyst, and we are proud to share the progress we've made with all of you. We realized two additional exits out of Endeavor Catalyst I ("Fund I") and made distributions to our investors and Local Offices around the world. We also officially closed Endeavor Catalyst II ("Fund II") with nearly $85mm in commitments and we are actively making new investments. Below are a few notable highlights: FUND I (~$30MM TOTAL) Fund I is fully deployed with 48 companies in its portfolio across 17 Local Offices. Of the portfolio companies, we've had four exits, two write-offs, and 14 companies that have raised follow-on rounds. Our two most recent exits took place in Q4 2017: – Ruma (Endeavor Indonesia): Acquired by Go-Jek in October 2017. is represented a 4.4x return and 62% IRR on our investment. – FIGS (Endeavor Miami): Acquired by an undisclosed buyer in October 2017. is represented a 5.1x return and 225% IRR on our investment. FUND II (~$85MM TOTAL) We held our final close in December 2017 with nearly $85MM in commitments. – 158 Limited Partners, of which 52 are Endeavor Entrepreneurs and 28 are Leadership Level investors ($1mm+). Fund II has made 28 investments to date across 17 Local Offices. You can see full details of our investments on pages 22–56. With 76 companies in its portfolio, Endeavor Catalyst is truly indexing the broader Endeavor portfolio, with as much geographic and sector diversity. e 121 entrepreneurs behind these companies have succeeded in raising global capital to help their companies scale, and their investors are betting and proving that great entrepreneurs exist in all of Endeavor's markets. Endeavor Catalyst was recently recognized as the most active international investor in Latin America by the Latin America Venture Capital Association (LAVCA) and the most active international investor in the MENA region by Forbes. To learn more about our portfolio composition check out pages 14–17. Opening Letter Welcome to our 2017-2018 Endeavor Catalyst Annual Report!

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