• Acquires 4.5% strategic minority ownership interest and preferred economic interest in Georgian
• USD 100 million investment, with USD 5 million upfront and USD 95 million deferred over 3 years
• Transaction is EPS accretive to NGI shareholders

Navigator Global Investments Limited ('NGI') has announced that it has entered into an agreement to acquire a strategic minority ownership interest and a preferred economic interest in Georgian, a Toronto-based growth equity firm with USD 5.9 billion in assets under management. Georgian is a Canada-based AI-focused technology investor, investing across the AI technology stack from infrastructure and applications to cybersecurity and developer tools. The firm has an in-house AI Lab of software engineers and data scientists that work directly with portfolio companies on AI deployment. NGI will provide USD 100 million of capital to Georgian, with USD 5 million due at closing and the remaining USD 95 million deferred over a three-year period. The majority of the transaction proceeds are expected to fund investments in future funds, with no proceeds distributed to founders as secondary liquidity. As part of the transaction, NGI will acquire a 4.5% ownership interest and a preferred economic interest in Georgian, including the rights to certain minimum return hurdles over time. The partnership with Georgian aligns with NGI's strategy to provide growth capital to leading alternative investment firms globally and enhances its exposure to AI-related investment opportunities. The transaction is expected to be EPS accretive to NGI shareholders.

The transaction is expected to be EPS accretive to NGI shareholders based on the company's consensus Adjusted EPS for the 2026 financial year, pro-forma for the transaction.

The partnership with Georgian provides NGI shareholders with unique exposure to a specialized and growing private markets franchise focused on AI-driven growth equity. NGI is excited to support Georgian's continued growth and success.