2018 Annual Report

Stewardship /'st(y)ōō,erd,SHip/ (Noun) an ethic that embodies the responsible planning and managing of resources Stewards of Capital, Influence, & People Annual Report for the year ended 31 Dec 2018 NAC’s mission statement revolves around stewardship. The Company sees capital, influence, and people as the primary resources with which we have been entrusted. Ultimately, NAC’s team recognizes we will be judged based on how successfully we utilize these resources to generate growth, integrity, and excellence. Capital

People Purposeful companies attract purposeful people. NAC’s team is truly world class. From former military battlefield leaders to entrepreneurs to career USDA experts, NAC’s team has lived and worked all across America and the world developing experience in a huge diversity of fields. Yet, each team member is united by a common mission and purpose at NAC. We invest in our people by supporting ongoing development that empowers them to challenge and sharpen one another on a daily basis in our collective pursuit of excellence.

10 16 NAC Employee Growth +60%

2017 2018

Revenue Growth

NAC’s commitment to steward- ship begins with the capital that our investors and equity holders have entrusted to us. NAC seeks to maximize long term ROI by maximizing profit relative to over- all risk. It is our belief that prop- erly underwritten and structured USDA business loans present one of the best risk adjusted returns available in current market condi- tions. NAC recognizes that proper stewardship of capital via investor returns opens the door to greater opportunities which in turn gen- erate greater profit, more jobs, and more meaningful influence. NAC views our opportunity to positively influence the lives of others as an important measure of success. This influence is demon- strated not only through our rela- tionships with borrowers, strategic vendors, the USDA, and others, but also more tangibly through the capital NAC deploys to gen- erate jobs and drive economic growth in rural communities. Influence


179% Earnings Growth




40% $1.5M

Investor Distributions Paid to Date

Balance Sheet Equity Growth

Cumulative Jobs Created/Saved

$60M Originations Growth

North Avenue Capital works closely with our borrowers to strategically notify local and national media outlets when deals close. Want to learn more about our borrowers, their stories, and how they are impacting their communities? In The News









2016 2017



USDA Guaranteed Fees

$70M Conditional USDA Commitments


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www.northavenue.com Click on ‘News’ or ‘Stories’



NAC Contribution

NAC Usage

2017 2018



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