Recent Transactions

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AGF made an aggregated investment in Kennedy Wilson Real Estate Fund VI, LP, a real estate value added fund managed by Kennedy Wilson. KW Fund VI is based in Beverly Hills, California, and targets value-add real estate opportunities in the Western United States, with a focus on underperforming real estate that should benefit from a significant repositioning or renovation through Kennedy Wilson’s proven asset management program.

Kennedy Wilson (NYSE:KW–www.KennedyWilson.com) is a global real estate investment company. owns, operates, and invests in real estate through its own balance sheet and through its investment management platform.

AGF has provided senior secured term financing as well as taken a direct equity participation in American Automotive Capital Partners (AACAP).

AACAP uses Qualified Opportunity Funds (QOFs) to acquire and operate new vehicle dealerships located in Qualified Opportunity Zones (QOZs). AACAP focuses on the new vehicle dealership sector and drives transformative changes through innovation and a long-term commitment to the economic development of disadvantaged communities. AACAP investors can expect deferred and reduced taxes on eligible capital gains rolled over into AACAP investments tax-free capital gains on AACAP investments held for 10+ years. An investor’s long-term commitment brings substantial financial rewards as well as the opportunity to support economic development in disadvantaged communities.

AACAP acquires , owns and operates new vehicle dealerships, focusing on dealerships with good cash flow and a strong market position but performance shortfalls. AACAP adds value by making hands-on performance improvements and increasing earnings over the long term. AACAP’s team has decades of experience as owners and general managers who have acquired and optimized many dealerships, including multi-state dealership portfolios. Its team also has decades of experience as corporate executives and has built a robust corporate operating platform to manage a diversified dealership portfolio with optimized governance, M&A, finance, risk management, and other key functions.

All dealerships acquired by AACAP are located in “qualified opportunity zones” and AGF investments are held by an AGF-affiliated qualified opportunity fund (QOF), which provides exceptional tax relief to investors who contribute eligible capital gains to the QOFs and then hold their QOF investments for at least ten years.

In addition, AACAP optimizes dealerships by:

Operations & Technology

· Optimizing leadership and training and incentivizing the team

· Driving omnichannel sales

· Evaluating and improving performance

· Optimizing systems for data management and analytics

· Capturing economies of scale

Acquisition & Financing

· Assembling dealership portfolio

· Raising equity and debt capital

· Integrating corporate group financial and risk management

Social Impact

· Providing more skilled jobs

· Creating AACAP Academy for job training and career development

· Supporting local business and civic activities

· Focusing on EVs to assure long-term viability of dealerships and their communities

EcoVolt is a fast-growing marketing, sales, and distribution company for after-market, lead-acid, automotive starter batteries in North America. EcoVolt offers to aftermarket service centers, a price competitive, innovative product matrix, on a consigned basis, which reduces the number and types of batteries required to service the domestic automotive fleet by over seventy-five percent (75%).

Less CO2 Emissions Protects the Environment and Resources

· An effective electrolyte mixing causes permanently optimal electrochemistry.

· Advantage: Double-cycle life and twice the product life compared to batteries of the same type without electrolyte mixing, as well as significantly more efficiency of the raw materials and materials used.

· Longer life means lower CO2 emissions and less recycled (recycled) raw materials such as lead and plastic.

· There are also benefits from CO2 savings through the use of fuel-saving start-stop engines in modern automobiles.

High potential for CO2 savings

· Each year around 15 million tons of CO2 could be saved if vehicle batteries with electrolyte mixing were the standard worldwide, equaling:

· 25 supertankers of gasoline

· A reduction of two million tons of lead in the air

Current North American domestic market for batteries includes 84 box types (47 box types and 141 SKUs are used to service most vehicles). EcoVolt has developed a product matrix of 11 box types and 21 SKUs which services 99% of all vehicles on the road, a major change in the consumer battery landscape.

EcoVolt’s innovative product matrix serves more cars with substantially less inventory. Better technology, less inventory, and competitive pricing makes for a compelling value proposition for auto care service centers. Franchise operators can capture all sales opportunities with a modest complement of batteries.

EcoVolt owns and operates its own warehouse/distribution and in-store placement/replacement operations. Moreover, it does not use third party distributors or fulfillment services with no brand loyalty to its mission of quality services to our customers, only its own employees. This ensures quality control and maximum sales opportunities for our customers’ service center locations.

AGF and EcoVolt Power Corporation entered into a strategic financing agreement under which AGF will provide a senior secured term loan. In connection with the transaction, AGF also received equity warrants in the company.

AGF and TigerBridge Capital LLC entered into a strategic financing agreement under which AGF will provide a senior secured term loan. In connection with the transaction, AGF also received equity warrants in the company.