South Atlantic Capital is an independent registered investment advisor registered with the State of North Carolina and the Commonwealth of Virginia. We are a research focused firm managing client portfolios with a long-term view. South Atlantic Capital Management Group claims compliance with the Global Investment Performance Standards (GIPS*). The firm has been independently verified by Ashland Partners and its successor company ACA Compliance for the periods Jan. 1, 1992 through Dec. 31, 2017. Verification assesses whether (1) the firm has compiled with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designated to calculate and present performance in compliance with the GIPS standards. The Core Equity Composite has been examined for the periods Jan. 1, 1992 to Dec. 31, 2017. To receive a GIPS compliant presentation and/or the firm’s list of composite descriptions please email your request to [email protected]

Since its inception Jan. 1, 1992 through June 30,2018, our Core Equity Composite performance ranks in the top 1% gross of fees and top 5% net of fees versus all Large Cap managers on PSN Informais’s database. PSN is a global database of approximately 2,000 Investment Managers representing more than 20,000 domestic and international investment products, and it is a division of Informa Investment Solutions, Inc. South Atlantic Capital is measured against the other 142 Large Cap managers on the database whose returns go back to 1992. Mr. Nowell has over 30 years of experience in the finance business. Prior to founding South Atlantic Capital, he worked in the structured finance department of Bankers Trust Company, New York as an Assistant Vice President. His primary responsibility was arranging bank financing for leveraged buyouts led by Kohlberg, Kravis, Roberts & Company. During graduate school, he interned with Merrill Lynch’s Capital Markets Group in New York. Later, he served as an institutional fixed income salesman for Carolina Securities/Prudential Bache Securities and worked with Fox, Graham, and Mintz Securities. Mr. Nowell graduated from the University of North Carolina with a B.S. in Economics and received his MBA from the University of Virginia.