Track Record

Selected Investments & Engagements

Public Equity & Shareholder Engagement

Synacor Inc. (NASDAQ: SYNC)

Type: Public Equity / Activist Investment

Role: Member of investor group (with JEC Capital Partners)

Ownership: ~4.9% (1,345,300 shares disclosed)

Participated as a significant minority shareholder
Engaged in shareholder activism and governance initiatives
Interaction with Institutional Shareholder Services to influence corporate direction

Strategy: Value creation through active ownership and governance engagement

Private Markets & Joint Ventures

Multi-Asset Investment Activities (Undisclosed Transactions)

Type: Private Markets / Direct & Indirect Investments

Sectors

Real Estate
Energy & Infrastructure
Diversified Private Investments

Role

Investment structuring
(Co-)Managing director of investment entities
Joint venture partner

Structure

Special Purpose Vehicles (SPVs)
Co-investment platforms
Partnership-led investments

Note: (Transaction-level details are not publicly disclosed.)

Investment Strategy in Practice

Ratio Capital Management B.V. applies a hybrid investment model, combining:

Active public equity participation (e.g., significant minority stakes with governance influence)

Private market structuring & partnerships (joint ventures and managed investment vehicles)

Cross-sector capital deployment (real assets and private opportunities)

Track Record Highlights

Established: 2011

Significant minority equity positions (~5%) in listed companies

Jurisdiction: The Netherlands

Experience in shareholder activism and governance engagement

Demonstrated SEC-level activity through public filings

Ongoing involvement in private investment structures and joint ventures

Representative Capabilities

Identifying undervalued or strategic public equity opportunities
Structuring and managing investment vehicles
Partnering in joint ventures across asset classes
Navigating regulatory frameworks including the Dutch Wft

Disclaimer

Selected investments include publicly disclosed positions and representative activities. Certain investments and joint ventures are not publicly disclosed due to confidentiality, regulatory considerations, or structural limitations. Past involvement does not guarantee future results.