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Long Angle North Peak Redemption

Dear North Peak Investors,
With the intention of outperforming the S&P 500 and Russell 2000 while providing diversification benefits, Long Angle offered North Peak in 2022. Prior to our offering, North Peak had achieved 27% net IRR performance since its 2016 inception. 
Since our investment, North Peak's performance has considerably underperformed.  Out the gate, North Peak was down 36.64% in 2022 (S&P down 18%). North Peak was up 2.69% in 2023, down 2.03% in 2024 and is trending up 5.75% YTD with October's performance. The Long Angle SPV's since inception performance is down 32.59% while the S&P has returned roughly 52% during the same period. 
We have lost confidence in North Peak's ability to provide performance worth participation and are recommending a full redemption of the SPV's position. 
We propose redeeming in the next available window which will allow for a March 31, 2026 redemption. Of course, this will result in the redemption of your investment as well. The following survey will help us capture your desired outcome to satisfy as many members as possible.
Please use the North Peak Long Angle Investor Group to ask questions and updates as we finalize the decision. Please email [email protected] with any issues that you'd like to address privately.

Do you agree with Long Angle's plan to redeem the SPV's capital?

Do you agree with Long Angle's plan to redeem the SPV's capital?
A
B

If possible, would you like Long Angle to explore gaining direct access to so you can maintain an investment?

If possible, would you like Long Angle to explore gaining direct access to so you can maintain an investment?
A
B

Do you have any items you'd like to address or ask? We plan to communicate via our forum group, but are happy to collect your questions here as well.

What is your name?

Thank you. When you submit, you will be sent to Long Angle's North Peak Group and our discussion page.