Estancia Capital Management Announces Sale of Its Interest in SGA

Scottsdale, AZ – February 5, 2018 – Estancia Capital Management, LLC (“Estancia”), a
leading private equity fund focused exclusively on the global Asset Management, Wealth
Management, and related Business Services industries announced today that it has sold
its interest in Sustainable Growth Advisers L.P. (“SGA”) to Virtus Investment Partners
Inc. (“Virtus”).

Danny Kang, Managing Director of Estancia, stated: “It’s been a pleasure to partner with
SGA’s management team in building an institutional asset management firm that grew
from approximately $5 billion to nearly $12 billion in assets under management since
formalizing our partnership in August 2013.” Managing Director, Michael Mendez
added, “We were very pleased with SGA’s accomplishments during our ownership. The
company achieved strong organic growth in new distribution channels we analyzed and
supported. Importantly, SGA is well positioned to consistently deliver excess returns
benefiting the firm’s clients, capitalize on the opportunities for its U.S., Global,
International and Emerging Markets portfolios and continue its growth trajectory with its
new strategic partnership with Virtus.”

“Estancia has added a lot of value to SGA during our partnership. Their vision and
guidance in the areas of operations, compliance, business development and client service
have enabled us to strengthen our position in the institutional market while remaining
focused on managing client portfolios” said Gordon Marchand, SGA Co-Founding
Principal.

The closing of the transaction is subject to customary closing conditions.

About Estancia

Estancia is a private equity firm focused on small to lower middle market investments in
Institutional Quality Asset Management, Wealth Management, and related Business
Services companies. The Principals – Messrs. Mendez, Moriuchi, Kang, Jeffries, and
Kurttila – have a history of partnering with management and investment teams in
providing buyout/growth capital to facilitate the strategic and opportunistic development
of portfolio companies including management buyouts from larger financial firms,
private ownership/succession transitions, and growth initiatives.
www.EstanciaPartners.com

About SGA

Founded in 2003, Sustainable Growth Advisers (“SGA”) is an institutional asset
management boutique focused on providing high value-added U.S., Global, International
and Emerging Markets portfolios. SGA currently manages approximately $12 billion in
client assets. www.sgadvisers.com

Media Contacts:

Estancia Capital Partners
Mr. Michael Mendez
mmendez@estanciapartners.com
480-448-5007

Mr. Danny Kang
dkang@estanciapartners.com
480-448-5003