CAPITAL CATALYST

CAPITAL CATALYST

Strategic Access to Private Markets

ALLOCATOR-ALIGNED  |  INDEPENDENT  |  SELECTIVE

Québec, Canada

Capital Catalyst

Positioning

Capital Catalyst operates at the intersection of institutional capital and private market opportunities.

WE SUPPORT:

Institutional investors in navigating private markets

Investment platforms in understanding allocator expectations

Capital Catalyst

The Reality

Private markets are structurally inefficient.

  • Allocators are overwhelmed with inbound
  • Manager positioning often lacks clarity
  • Misalignment between strategy and portfolio needs
  • Access ≠ relevance

Capital Catalyst

Our Role

Allocator-driven sourcing and alignment.

  • Identify institutional demand signals
  • Highlight relevant opportunities
  • Facilitate targeted introductions

Capital Catalyst

Institutional Investors

Capital Catalyst engages with a broad range of institutional capital:

Family Offices (Single & Multi-Family)

Pension Plans (Public & Private)

Specialized Platforms

Foundations & Endowments

Labour Funds

Capital Catalyst

Québec Advantage

A unique institutional ecosystem.

  • High allocation to private markets
  • Long-term capital orientation
  • Strong ESG and impact considerations

2026 Reality

Allocator Demand (2026)

  • Income + downside protection
  • Inflation-linked real assets
  • Value-add strategies
  • True manager differentiation

Capital Catalyst

Focus Areas

01

Infrastructure

Core and essential assets, including energy transition and co-investment opportunities

02

Real Assets

Diversified real estate strategies across core to value-add profiles

03

Private Credit

Income-oriented strategies with a focus on capital preservation and downside protection

04

Private Equity

Buyout, growth, co-investment, and secondaries across market segments

Capital Catalyst

Approach

Disciplined and selective.

01

Identify

Demand signals

02

Source

Aligned strategies

03

Validate

Strategic fit

04

Facilitate

Introductions

Capital Catalyst

Value Creation

FOR ALLOCATORS

  • Curated access
  • Time efficiency
  • Independent filtering

FOR MANAGERS (SELECTIVELY)

  • Market positioning insights
  • Targeted institutional access

Selected Engagements

Representative Experience

Illustrative exposure across private and public markets. Names withheld; available in appropriate context.

PRIVATE MARKETS

Global Venture / Growth Equity Platform

VC / Growth Equity · ~$6B+

North American Infrastructure Platform

Infrastructure / Real Assets · ~$2B+

European Multi-Asset Private Markets Manager

PE, Credit, Real Estate · ~$10B+

Canadian Residential Real Estate Platform

Real Estate (Value-Add) · ~$1B+

Global Insurance-Affiliated Real Estate Manager

Real Estate Equity & Debt · $60B+

PUBLIC MARKETS

Canadian Systematic Investment Manager

Public Equities (Quantitative) · ~$1B+

Alternative Multi-Strategy Platform

Alternatives / Hedge · ~$500M+

Global Asset Manager

Multi-Asset (Public Markets) · $300B+

Engagements focused on aligning institutional investors with relevant strategies across market cycles.

The nature of these engagements is confidential.

Differentiator

Market Insight

Current dislocation is creating selective opportunities.

  • Private credit: liquidity constraints vs continued performance
  • Real estate: repricing and recapitalization phase
  • Infrastructure: sustained demand for inflation-linked assets

Capital Catalyst

Engagement Model

Capital Catalyst operates on an advisory basis only.

WE PROVIDE

  • Strategic advisory
  • Market insights
  • Selective introductions

NOT ACTING AS

  • Broker
  • Dealer
  • Placement agent

Capital Catalyst

Compliance Positioning

CAPITAL CATALYST DOES NOT:

  • Solicit investments
  • Distribute securities
  • Provide investment advice
  • Receive transaction-based compensation

ACTIVITIES LIMITED TO:

  • Strategic advisory
  • Market intelligence
  • Introductions between sophisticated parties

Capital Catalyst

Team (1 / 4)

1

François Dufour, M.Sc., MBA — Founder & Managing Partner

Advises alternative investment managers on strategic positioning, institutional expectations, and capital markets communication. With a background in private banking, family office advisory, and corporate finance, he supports managers in preparing for institutional engagement and building durable fundraising strategies — without participating in securities distribution or investor introductions. His approach combines 20 years of experience in Canadian capital markets with a deep understanding of how institutional allocators evaluate managers, helping clients articulate their differentiation, prepare for due diligence, and position themselves effectively for the Canadian institutional landscape.

fdufour@capitalcatalyst.ca

Capital Catalyst

Team (2 / 4)

2

Reford MacDougall, C.M. — Strategic Advisor

Distinguished Canadian business leader and Member of the Order of Canada, with over four decades of experience across the financial sector, public affairs, and economic policy. Began his career as a financial journalist in Montréal before building extensive experience across all facets of the financial industry. Background includes public service and international policy, notably with the Adam Smith Institute in London, and was part of the founding group of the Montréal Economic Institute. Has supported over 30 charitable organizations and was appointed to the Order of Canada in recognition of his contributions. Brings a unique combination of financial expertise, policy insight, and deep relationships across Canada's business and institutional landscape.

rmacdougall@capitalcatalyst.ca

Capital Catalyst

Team (3 / 4)

3

Scott Pritchard — Strategic Advisor

Senior business development professional with deep experience across Canadian public capital markets and investor networks. Founder of Pritchard Network Inc., advising companies on strategic positioning, capital markets access, and investor engagement, with a focus on supporting private companies transitioning to public markets, including listings on the CSE across Québec and Eastern Canada. Serves as a Senior Advisor to the Canadian Securities Exchange (CSE) for over a decade. Also actively engaged with alternative asset managers seeking access to family office and high-net-worth investor networks in Montréal.

Capital Catalyst

Team (4 / 4)

4

Angus Crosby — Associate – Institutional Partnerships

Research-driven finance professional specializing in the intersection of industrial strategy, financial modeling, and government policy. Recently joined Capital Catalyst as Associate on the Institutional Partnerships team, supporting research, institutional outreach, and business development initiatives across infrastructure, private credit, and real assets. Academic background from Concordia University with expertise in computational tools including Monte Carlo DCF simulations and structural econometrics. Proven track record managing multi-million dollar project lifecycles and translating complex quantitative data into clear, actionable narratives for institutional audiences.

acrosby@capitalcatalyst.ca

Capital Catalyst

Why Capital Catalyst

1Deep institutional connectivity
2Québec access advantage
3Allocator-first mindset
4High selectivity and discretion

In private markets, access is abundant.

Alignment is scarce.

Capital Catalyst filters and aligns opportunities with institutional capital.

François Dufour

CONTACT

François Dufour

Capital Catalyst

Montréal

fdufour@capitalcatalyst.ca

514-235-7644

capitalcatalyst.ca

Capital Catalyst

Disclaimer

This presentation has been prepared by Capital Catalyst for informational purposes only. It does not constitute an offer to sell, or a solicitation of an offer to buy, any securities or financial instruments in any jurisdiction.

Capital Catalyst is not registered as a dealer, broker, or investment advisor and does not act in a distribution or placement capacity. Capital Catalyst operates as an independent strategic advisor, supporting institutional investors and family offices in identifying and evaluating private market opportunities.

Any references to investment opportunities are illustrative and subject to change. No representation or warranty, express or implied, is made as to the accuracy, completeness, or reliability of the information contained herein. Certain information may be based on third-party sources which have not been independently verified.

This document may contain forward-looking statements, including projections, estimates, or opinions. Such statements are inherently subject to significant uncertainties and contingencies, and actual results may differ materially.

Past performance is not indicative of future results. Investments in private markets involve significant risks, including loss of capital, illiquidity, and limited transparency, and are intended for sophisticated investors only.

Recipients are responsible for conducting their own independent due diligence and for seeking appropriate legal, tax, and investment advice prior to making any investment decision.

This presentation is confidential and intended solely for the recipient. It may not be reproduced, distributed, or disclosed, in whole or in part, without the prior written consent of Capital Catalyst.