Tensile’s Hybrid Class is invested in a concentrated portfolio of the same public securities as Tensile’s Public Class. In addition, up to 50% of NAV can also be invested in private investments. Tensile employs an opportunistic value approach to investing in equities, using a rigorous fundamentals-based, research-driven investment process, while actively collaborating with management teams and boards of directors to create shareholder value. The firm’s absolute return focus seeks to double