Elevate Secures $25 Million Investment from Kayne Partners to Fuel Continued Growth

LOS ANGELES – June 17, 2019 – Law company Elevate today announced it has secured a
$25 million minority investment from Kayne Partners to scale operations to meet increasing
customer demand and to enhance its Cael enterprise legal management software. This investment
brings the amount of capital deployed by Elevate to almost $60 million.

“Elevate is addressing a critical need in a sizable market, with a new business model, just as change
is beginning to take hold in the legal sector.” says Leon Chen, Partner, Kayne Partner Funds, who
has joined Elevate’s Board of Directors.

“This investment will support our future growth plans, continuing the momentum created by our
series of recent acquisitions,” says Elevate Founder and Executive Chairman Liam Brown, referring
to the five businesses Elevate acquired in late 2018 and early 2019.

Elevate’s recent acquisitions include legal AI technology and consultancy LexPredict, contract
lifecycle management (CLM) provider Sumati Group, UK NewLaw legal resourcing firm Halebury, law
company Yerra Solutions, and Hong Kong-based flexible legal resourcing business Cognatio Law. The
acquisitions were funded in part by $25 million financings from a credit fund managed by Morgan
Stanley Expansion Capital, the growth-focused private investment platform within Morgan Stanley
Investment Management.

“Elevate now provides services to over one hundred Global 1000 corporations and over twenty
global law firms,” says Brown. “This reflects the accelerating trend for law departments, law firms,
and law companies to work together to more efficiently meet the growing legal demands in the
business world. Our AI-powered enterprise legal management software platform supports process
transformation for some of the most innovative global companies and law firms in the world.”

Elevate has grown by an average of 65 percent per annum for the past five years, with 2019 sales
forecasted to exceed $75 million. Elevate plans to leverage its partnership with Kayne Partners to
accelerate this growth by continuing to bring new and innovative solutions to the legal sector.

Middlemarch Partners, through its subsidiary Middlemarch Securities, LLC, served as the financial
advisor to Elevate in the Kayne Partners transaction.

About Elevate
Elevate is a global law company, providing consulting, technology and services to law departments
and law firms. The company’s team of lawyers, engineers, consultants, and business experts extend
and enable the resources and capabilities of customers worldwide. Elevate is the most-used law
company according to the 2017 State of the Industry Survey published by the Corporate Legal
Operations Consortium (CLOC) and has been ranked as a top global law company by Chambers &
Partners for the past five years in a row. It has also been ranked among the Inc. 5000 Fastest
Growing Private Companies, including No. 53 in 2016. elevateservices.com

About Kayne Partners
Kayne Partners, the dedicated growth private equity group of Kayne Anderson Capital Advisors, L.P.,
is a leading provider of capital and connections to privately held, high growth, enterprise software
and tech-enabled service businesses in North America. The Kayne Partners team has invested over
$500 million in platform investments and add-on acquisitions together across four funds. Kayne
Partners seek to partner with driven entrepreneurs and provide capital to high growth companies at
a transformative point in their life cycle in the following industries: security & compliance, supply
chain & logistics, financials, industrials, healthcare, and media & telecom. kaynecapital.com/growthequity/

About Kayne Anderson Capital Advisors, L.P.
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment
management firm focused on energy, infrastructure, real estate, credit, and growth equity. Kayne’s
investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and
sourcing advantages enable us to deliver above average, risk-adjusted investment returns. As
responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment
practices and sustainable business practices to create long-term value for our investors. Kayne
manages approximately $30 billion in assets (as of 3/31/2019) for institutional investors, family
offices, high net worth and retail clients and employs 350 professionals in five offices across the U.S.
kaynecapital.com