ABOUT THIS REPORT

Our Responsible Investment Report describes how we implement our Responsible Investment Policy.

We are committed to reporting annually on responsible investment activities as well as our approach to ESG at the firm level and we will seek to enhance our reporting year over year.

Unless otherwise stated:

● The scope of data and information in the report is firm-wide and portfolio-wide

● Data covers the reporting period of January to December 2022

● Financial data is stated in Canadian dollars

The terms “McRock”, “our”, “we”, “us”, and other similar terms denote McRock Capital.

We seek to follow best practices by aligning our reporting to the following ESG disclosure standards:

● Sustainability Accounting Standards Board (SASB) Asset Management & Custody Activities Standard

● The recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)

The content of this report also reflects our commitments as a signatory to the Principles for Responsible Investment (PRI), a member of the Institutional Limited Partners Association (ILPA) Diversity in Action initiative, a supporter of the ILPA Industry Code of Conduct Guidelines: Harassment, Discrimination and Workplace Violence and a participant in the ESG Data Convergence Initiative.

Venture Capital 101

We are proud of McRock and we want our Report to be read by as many people as possible including people who may be unfamiliar with the world of venture capital. Some key terms are defined below.

● Venture Capital (VC)

● Investment targeted at start-up, early-stage and growth-stage tech companies

● Portfolio Companies

● The companies that receive venture capital investment from GPs

● Founders

● The entrepreneurs who set up and run the portfolio companies

● General Partner (GP)

● The firm that runs a VC investment fund selecting and monitoring the portfolio companies and partnering with them to help them grow and prosper

● Limited Partner (LP)

● The investors that provide capital by investing in the funds run by GPs these include investors such as financial institutions, pension funds, as well as major corporations, family offices and individuals