WELCOME TO THE BADGER FUND OF FUNDS 1

The Badger Fund of Funds I, L.P. (the “Badger Fund”) is a Limited Partnership formed by Sun Mountain Kegonsa, L.L.C. (“SMK”), the General Partner of the Badger Fund. SMK was selected to manage the Badger Fund in a competitive process managed by the State of Wisconsin Department of Administration and the State of Wisconsin Investment Board. SMK is a partnership of two investment management firms: Kegonsa Capital Partners, L.L.C., a Wisconsin-based venture capital firm, and Sun Mountain Capital, L.L.C., a New Mexico-based investment firm.