Transparency & Disclosure

At Quadrangle Investment, transparency and disclosure are fundamental to the way we do business. We strive at all times to ensure that our investors, shareholders, employees, portfolio companies, and all parties with whom we do business can rely on us to operate in a responsible and ethical manner. Our deep commitment to professionalism, fairness, and integrity is described in our Guiding Principles.

Unlike some institutions, Quadrangle Investment does not maintain any social media presence. All legitimate communication from Quadrangle Investment will come only through our official website and verified email domains.

Disclosures

Understanding and better utilizing data is important for Quadrangle and our portfolio companies. We use data to help our portfolio companies improve their operating performance, to maximize internal efficiencies and to inform our investment decisions. Blackstone has implemented a best-in-class, robust legal and compliance framework to ensure that we are obtaining and handling data appropriately and in a compliant manner.

Principles for the Acquisition and Use of Data

As a publicly traded corporation, Quadrangle Group files extensive information with the SEC about its operations and financial performance and is subject to New York Stock Exchange rules (including those relating to corporate governance). Please consult the Corporate Governance page of our website for additional information, including our corporate governance documents.

Regulatory Bodies

All of our asset management businesses, including our investment funds, are registered with the relevant regulatory bodies in multiple jurisdictions. All of our investing units conduct business through SEC-registered investment advisers. Blackstone Securities Partners L.P. is a broker-dealer registered with the SEC and a member of FINRA.

Regulatory Bodies

Entity Name	Jurisdiction	Regulator
Quadrangle Europe LLP	UK	UK Financial Conduct Authority
Quadrangle Ireland Limited	Ireland	Central Bank of Ireland
Quadrangle Ireland Fund Management Limited	Ireland	Central Bank of Ireland
Quadrangle Europe Fund Management S.à r.l.	Luxembourg	Commission de Surveillance du Secteur Financier
The Quadrangle Group (HK) Limited	Hong Kong	Securities & Futures Commission of Hong Kong
Quadrangle Real Estate Australia Pty Limited	Australia	Australian Securities and Investments Commission
The Quadrangle Group (Australia) Pty Limited	Australia	Australian Securities and Investments Commission
The Quadrangle Group Japan K.K.	Japan	Japanese Financial Services Agency
Quadrangle Singapore Pte. Ltd.	Singapore	Monetary Authority of Singapore

Organizations

Quadrangle Investment has been an active participant in industry-led efforts to improve transparency and disclosure and promote the highest standards of responsible investing.

American Investment Council

Quadrangle Investment is a founding member of the American Investment Council (“AIC”) (previously the U.S. Private Equity Growth Capital Council (“PEGCC”)), a trade organization representing the industry. Working with the PEGCC in 2009, Quadrangle Investment helped craft a set of Guidelines for Responsible Investment that incorporate environmental, health, safety, labor, governance, and social issues into investment decision-making and ownership activities.

Private Equity Reporting Group

The Private Equity Reporting Group (“PERG”) is the independent body that oversees enhancements in transparency and disclosure within the UK private equity industry. PERG was formed in 2008 following the publication of Sir David Walker’s report on disclosure and transparency in private equity on 20 November 2007. PERG monitors conformity with the Walker Guidelines and makes recommendations to the British Private Equity & Venture Capital Association (“BVCA”) for improvements in the levels of openness and communication amongst the largest private equity houses in the UK.

As a public company subject to extensive disclosure requirements, Quadrangle Investment is supportive of greater transparency and improved understanding of the private equity industry. Quadrangle Investment supports the activities of PERG and conforms on a “comply or explain” basis. We also work alongside our UK portfolio companies that fall within the criteria proposed by the Walker Guidelines, to do likewise and to publish an annual review. We ensure that communication with the employees of a portfolio company takes priority at the appropriate time in the event of a transaction involving that portfolio company.

Broad European Initiatives

Quadrangle Investment is actively involved in similar initiatives across Europe, including those that are currently being undertaken by Invest Europe (previously “EVCA”), the German Private Equity and Venture Capital Association (“BVK”), and the Alternative Investment Management Association (“AIMA”).