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PRESS RELEASE | Bluestone Investment Partners III

PRESS RELEASE | Bluestone Investment Partners III

Press release issued by Bluestone Investment Partners in respect of Bluestone Investment Partners III, LP

Bluestone Quickly Closes Fund III at Hard Cap of $196 Million

March 16, 2023 – Bluestone Investment Partners (“Bluestone”), a McLean, Virginia based private equity firm focused on investing in lower-middle market defense and government services businesses, announced the final closing of Bluestone Investment Partners III, LP (“Fund III”). Fund III was oversubscribed with $196 million of total capital commitments and closed at its hard cap in less than six months.

Fund III secured commitments from a diverse base of endowments, family offices, and gatekeepers.

“We are beyond grateful for the immense support we’ve received from both our existing and new limited partners,” commented John Allen, co-founder and Managing Partner of Bluestone. “Our team looks forward to continuing our strategy of partnering with lower-middle market government services businesses and helping them achieve transformational growth,” said Eric Wolking, Partner of Bluestone.

Acalyx Advisors Inc. served as exclusive placement advisor.

Kirkland & Ellis LLP served as legal counsel to Bluestone.

About Bluestone Investment Partners
Headquartered in McLean, VA, Bluestone seeks to partner with lower middle-market defense and
government services businesses to drive transformational growth. The Firm targets highly specialized
companies delivering mission-critical services to government customers and seek to strategically
reposition them into compelling acquisitions targets for larger buyers. To date, Bluestone has invested in
9 portfolio companies. For additional information, please visit www.bluestoneinv.com.

About Acalyx Advisors
Acalyx is a highly selective independent firm specializing in advisory, private placement, and investor
relations for leading alternative asset management firms. The firm is led by seasoned professionals who
have collectively raised and advised on over $90 billion across several strategies, including buyout,
special situations, and credit. For additional information, please visit www.acalyx.com.