Sands Capital is an active, long-term investor in leading innovative businesses globally. Our approach combines analytical rigor and creative thinking to seek to identify high-quality growth businesses that are creating the future. Through an integrated investment platform spanning venture capital, growth equity and public equity, we provide growth capital solutions to institutions and fund sponsors in more than 40 countries. An independent, staff-owned firm founded in 1992 and headquartered in the Washington, D.C. area with offices in London and Singapore, Sands Capital managed more than $43.8 billion in client assets as of 12/31/22. AUM includes the discretionary and non-discretionary assets of Sands Capital Management, LLC as of 9/30/22, and the gross assets of all funds (not including uncalled capital) for Sands Capital Ventures, LLC. Figures for Sands Capital Ventures LLC are updated 45-60 days after quarter-end. As of 10/12021, the firm was redefined to be the combination of Sands Capital Management, LLC and Sands Capital Ventures, LLC. Both firms are registered investment advisors with the United States Securities and Exchange Commission in accordance with the Investment Advisers Act of 1940. The two registered investment advisors are combined to be one firm and are doing business as Sands Capital. Sands Capital operates as a distinct business organization, retains discretion over the assets between the two registered investment advisors, and has autonomy over the total investment decision making process. Prior to 10/1/21, the firm was defined as Sands Capital Management, LLC is an independent registered investment advisor. The firm’s full list of composite descriptions, limited distribution pooled fund descriptions, and broad distribution pooled funds are available upon request. Investment advisory fees are described in Part II of the adviser’s Form ADV which can be found at www.sandscapital.com/disclosures/. www.sandscapital.com/important-disclosures