Confiance Et Transparence

Advertising Disclosures

Some of our materials reference statistics about the U.S. private company landscape to illustrate the scale of private markets. These figures are provided for informational purposes only and are not investment advice.

Example statistic: 87% of U.S. companies with annual revenues over $100 million are privately held.

According to data from the U.S. Census Bureau’s Statistics of U.S. Businesses (December 2023 release, data through 2021) and the World Federation of Exchanges (June 2024), approximately 87% of U.S. companies with annual revenues over $100 million are privately held.

Important context:

• This statistic represents the number and type of companies by ownership, not investment performance or opportunity availability
• Sagard does not offer investments in all private companies, nor does this statistic imply access to or endorsement of any particular company
• All investment opportunities are offered only through official offering documents and only to qualified accredited investors (or their equivalents, as defined under applicable securities laws).
• Data sources: U.S. Census Bureau, Statistics of U.S. Businesses database (December 2023 release); World Federation of Exchanges database (June 2024); Hamilton Lane analysis, 2024
• Past market trends or structural observations are not indicative of future performance or availability of investments