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Debt & Specialty Finance
crglp.com

Investments

35

Portfolio Exits

15

Funds

2

About CRG

CRG, formerly Capital Royalty, is a healthcare-focused investment firm with $1.5 billion of assets under management that provides capital to healthcare companies primarily through structured debt and senior secured loans. CRG works across the spectrum of life science products and technologies and targets investment sizes ranging between $20 million and $200 million. The firm partners with commercial-stage healthcare companies to provide flexible financing solutions so they can achieve their growth objectives. CRG is headquartered in Houston, Texas with offices in Boulder, Colorado and New York City.

Headquarters Location

1000 Main Suite 2500

Houston, Texas, 77002,

United States

713-209-7350

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Latest CRG News

Navidea Biopharmaceuticals Announces Oral Ruling in Case Involving Attorney’s Fees

Sep 1, 2022

September 01, 2022 08:00 AM Eastern Daylight Time DUBLIN, Ohio--( BUSINESS WIRE )--Navidea Biopharmaceuticals, Inc. (NYSE American: NAVB) (“Navidea” or the “Company”), a company focused on the development of precision immunodiagnostic agents and immunotherapeutics, today announced that on August 30, 2022, the District Court of Harris County, Texas (the “Court”) made an oral ruling from the bench in open court at the conclusion of the trial in Case No. 2018-24442-151; Capital Royalty Partners II, L.P. et al. v. Navidea Biopharmaceuticals, Inc. and Macrophage Therapeutics, Inc., awarding Capital Royalty Group (“CRG”) $2,572,937.61 in attorney’s fees on their breach of contract claims against Navidea and Macrophage Therapeutics (“MT”). The Court’s oral ruling did not set out the findings and conclusions made by the Court in support of the ruling; however, on November 21, 2021, the Court entered an Interlocutory Summary Judgment against Navidea and MT, ruling breach of the Global Settlement Agreement in seeking reconsideration and an appeal of the Amended Final Judgment entered by the Court in the prior case among the parties, Case No. 2016-22242-151; Capital Royalty Partners II, L.P. et al. v. Navidea Biopharmaceuticals, Inc. and Macrophage Therapeutics, Inc., and by pursuing a suit against CRG in the State of Ohio. A formal written final judgment will be entered by the Court in the case in the near future. Navidea is disappointed in the Court’s ruling and does not believe the law and the facts presented at the trial support the ruling against it. Once a final written judgment identifying the basis and reasoning in support of the trial court’s decision is received, Navidea can better assess the Court’s judgment and determine what course of action to pursue in response to the court’s ruling. About Navidea Navidea Biopharmaceuticals, Inc. (NYSE American: NAVB) is a biopharmaceutical company focused on the development of precision immunodiagnostic agents and immunotherapeutics. Navidea is developing multiple precision-targeted products based on its Manocept platform to enhance patient care by identifying the sites and pathways of disease and enable better diagnostic accuracy, clinical decision-making, and targeted treatment. Navidea’s Manocept platform is predicated on the ability to specifically target the CD206 mannose receptor expressed on activated macrophages. The Manocept platform serves as the molecular backbone of Tc99m tilmanocept, the first product developed and commercialized by Navidea based on the platform. Navidea’s strategy is to deliver superior growth and shareholder return by bringing to market novel products and advancing the Company’s pipeline through global partnering and commercialization efforts. For more information, please visit www.navidea.com . Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements include our expectations regarding pending litigation and other matters. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, among other things: our history of operating losses and uncertainty of future profitability; the final outcome of any pending litigation; our ability to successfully complete research and further development of our drug candidates; the timing, cost and uncertainty of obtaining regulatory approvals of our drug candidates; our ability to successfully commercialize our drug candidates; dependence on royalties and grant revenue; our ability to implement our growth strategy; anticipated trends in our business; our limited product line and distribution channels; advances in technologies and development of new competitive products; our ability to comply with the NYSE American continued listing standards; our ability to maintain effective internal control over financial reporting; the impact of the current coronavirus pandemic; and other risk factors detailed in our most recent Annual Report on Form 10-K and other SEC filings. You are urged to carefully review and consider the disclosures found in our SEC filings, which are available at http://www.sec.gov or at http://ir.navidea.com . Investors are urged to consider statements that include the words “will,” “may,” “could,” “should,” “plan,” “continue,” “designed,” “goal,” “forecast,” “future,” “believe,” “intend,” “expect,” “anticipate,” “estimate,” “project,” and similar expressions, as well as the negatives of those words or other comparable words, to be uncertain forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements, any of which could turn out to be incorrect. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this report. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this report may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. Contacts

CRG Investments

35 Investments

CRG has made 35 investments. Their latest investment was in Calyxo as part of their Series C on February 2, 2022.

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CRG Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/2/2022

Series C

Calyxo

$32.7M

No

3

8/4/2020

Line of Credit - II

Treace Medical Concepts

$30M

Yes

4

5/21/2019

Line of Credit

Aerin Medical

$50M

Yes

1

3/13/2019

Debt

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$99M

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10

11/27/2018

Unattributed

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$99M

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10

Date

2/2/2022

8/4/2020

5/21/2019

3/13/2019

11/27/2018

Round

Series C

Line of Credit - II

Line of Credit

Debt

Unattributed

Company

Calyxo

Treace Medical Concepts

Aerin Medical

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Amount

$32.7M

$30M

$50M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

3

4

1

10

10

CRG Portfolio Exits

15 Portfolio Exits

CRG has 15 portfolio exits. Their latest portfolio exit was Treace Medical Concepts on April 23, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/23/2021

IPO

$99M

Public

8

2/3/2021

Acquired

$99M

9

12/16/2020

Acquired

$99M

1

11/2/2020

Reverse Merger

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$99M

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10

10/28/2020

IPO

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$99M

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10

Date

4/23/2021

2/3/2021

12/16/2020

11/2/2020

10/28/2020

Exit

IPO

Acquired

Acquired

Reverse Merger

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

8

9

1

10

10

CRG Fund History

2 Fund Histories

CRG has 2 funds, including CRG Partners IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/11/2019

CRG Partners IV

$229.85M

5

1/4/2017

CRG Partners III

$99M

10

Closing Date

10/11/2019

1/4/2017

Fund

CRG Partners IV

CRG Partners III

Fund Type

Status

Amount

$229.85M

$99M

Sources

5

10

CRG Team

6 Team Members

CRG has 6 team members, including current President, Nathan Hukill.

Name

Work History

Title

Status

Nathan Hukill

Highland Capital Management, and Centennial Ventures

President

Current

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Name

Nathan Hukill

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Work History

Highland Capital Management, and Centennial Ventures

Title

President

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Status

Current

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