attendee profiles Carol Bramson Managing Director 212 Equity 212 Equity is a private investment firm leading control and minority growth investments in the rapidly growing $1 trillion healthy living sector. Its four seasoned Managing Directors possess the essential skills and demonstrated track record needed to create value in portfolio companies including experience in private equity investing, investment banking, governance and management skills, and strategic growth consulting. The Firm’s Managing Directors have participated in healthy living financial transactions valued at over $3 billion. The Firm has been established in partnership with Fahrenheit 212, a strategic growth consulting firm, with Fortune 100 clients across the Food and Beverage and Consumer Products industries. Michelle Skene Director of Investor Relations 21st Century Group, LLC 21st Century Group makes control investments in high performing, lower middle-market companies with talented management teams. These companies possess stable cash flows, a defensible market position and identifiable growth characteristics. Typical transaction values range from $15 million to $100 million. We create value by providing significant operational experience and financial expertise to our management partners. Our investment team, with more than 50 years of combined private equity experience, has a diverse background and a proven track record of executing lower middle-market transactions. Founded in 1998 and based in Dallas, Texas, we have $166 million in committed capital. We seek investment opportunities across the US in a broad range of industry sectors.

David Ashe Partner Advent-Morro Equity Partners, Inc. Advent-Morro Equity Partners is the leading Puerto Rico-based private equity investment firm with more than $120 million in equity capital under management. Since starting operations in 1989, it has invested in over 50 companies in Puerto Rico and, with an emphasis in Hispanic-owned or Hispanic market targeted enterprises, in the U.S. East Coast. From 1997 to 2010, Advent-Morro was affiliated with Boston-based Advent International Corporation. With an investment discipline focused on growth and equity value creation, Advent-Morro has built companies of extraordinary worth that have grown to be leaders in their respective industries such as healthcare, telecommunications, distribution, technology services, education and hospitality. Equally important, these companies generate over $3.5 billion in yearly sales and employ over 3,000 people. Liz Smith Senior Managing Director, Public Funds AllianceBernstein We are a research-driven organization that is global in scope and client-focused in its mission. We deliver investment services to clients around the world in key asset classes: Bernstein Value Equities, Alliance Growth Equities, AllianceBernstein Blend Strategies, AllianceBernstein Fixed Income and AllianceBernstein Alternative Investments. Our depth of research, worldwide presence and breadth of services allow us to offer a full array of investment products, both global and local, in every major market

attendee profiles Anthony Lee General Partner Altos Ventures Altos Ventures is an early-growth venture fund that takes a different approach to venture capital. Altos leads investments in founder-led, bootstrapped technology companies that are fast-growing category leaders in business software and consumer digital media. Altos follows a unique value discipline that generates consistently superior results for investors and entrepreneurs by minimizing dilution and financing risk. Based in Silicon Valley, Altos currently manages over $150 million in committed capital in two active funds. Since its inception, Altos has grown dozens of companies from initial investment to strategic and public market exits and currently manages a portfolio of active companies with more than 5,000 employees generating over $3 billion in revenue. Giovanni Serrano Co-Founder, Managing Director Amedroz Capital Management LLC Investment Manager: Amedroz Capital Management, LLC Investment Vehicle: Amedroz LatAm Credit Opportunities Fund, LP Expertise in privately placed transactions in Latin America in the Debt, Structured Finance and Fixed-Income asset class; Extensive networks and strong relationships in Colombia, Peru and Mexico where the Fund deploys the core of its investments; Access to private and exclusive deals in one of the most attractive and fastest growing markets; Amedroz is a Minority Business Enterprise (MBE) as defined by the National Minority Supplier Development Council, Inc

William Whipple President and CIO Amero Global Investors Amero Global Investors is an institutional real estate investment firm, coincidentally a minority emerging manager, independently owned and headquartered in Atlanta GA. Through our value-added investment approach, Amero Global Investors provides superior risk-adjusted returns to institutional class investors around the globe. We utilize sustainability stategies to enhance investor value while leaving the world a better place. Anna Nekoranec Partner ANSI Capital Ansi is a special purpose fund focused on the semiconductor packaging industry. The team is composed of a group of experienced industry experts and private equity professionals that have worked together for a number of years. Drianne Benner Director of Institutional Marketing Appomattox Advisory, Inc. Appomattox was founded in March 2005 by Susan Webb and Oscar Gil as an alternative investment firm to address the needs of institutional investors and family offices for active management of customized portfolios of hedge funds with an emphasis on smaller and emerging funds. As of 12/2011, Appomattox manages approximate $1 billion and is 100% employee owned. The firm was registered with the SEC in 2010 and is MWDBE qualified.

attendee profiles James Simmons Head of U.S. Emerging Markets AREA Property Partners AREA Property Partners is a leading international real estate fund manager that has been investing in the United States since 1993 and globally since 1995. Headquartered in New York City, with U.S. offices in Atlanta, Purchase, Los Angeles and San Francisco, as well as international offices in London, Paris, Madrid, Amsterdam, Luxembourg and Mumbai, AREA has a team of more than 60 investment professionals focused on generating returns for its investors. AREA pursues a range of real estate investments that offer the opportunity for highly attractive risk-adjusted returns, whether through its opportunity funds, value-added funds or its lending business. AREA's investors consist of leading global government and corporate pension funds, sovereign wealth funds, insurance companies, foundations, endowments and high net worth families Ellen-Blair Chube Vice President, Chief of Staff to the CEO Ariel Investments Ariel Investments is a money management firm headquartered in Chicago, Illinois. Since our founding by John W. Rogers, Jr. in 1983, we have grown from 2 to 78 employees with $4.9 billion in assets under management. Taking a long-term view and applying independent thinking to our investment decisions, we now span the market cap spectrum from micro to large and cover the globe with our international and global offerings. In addition to managing separate accounts for corporate, public, union, and non-profit organizations, we also serve as the investment adviser for Ariel Investment Trust – comprised of six no-load, publicly traded mutual funds, which are available to individual and institutional investors, financial intermediaries and the defined contribution marketplace.

Deborah Harmon Co-Founder and CEO Artemis Real Estate Partners Ms. Harmon is Co-Founder and Chief Executive Officer of Artemis Real Estate Partners, LLC, a real estate investment firm that manages institutional, third party capital in a variety of real estate strategies. She is responsible for establishing, implementing and overseeing the company’s strategic direction. Ms. Harmon has over twenty-five years' experience in the real estate industry. Prior to co-founding Artemis, Ms. Harmon spent 17 years with the J.E. Robert Companies ("JER"), a real estate investment firm where she was last President and Chief Investment Officer. She spearheaded the acquisition of $27 billion in assets including a joint venture with Goldman Sachs which purchased more than $7 billion in non-performing loans and real estate. Ms. Harmon was responsible for raising more than $4.5 billion in capital commitments across eight private equity funds. Her primary role was to build and manage the U.S. fund business, totaling more than $2.6 billion of investor capital commitments. These commitments resulted in the acquisition and asset management of more than $10 billion of U.S. real estate assets. Prior to JER, Harmon was a Managing Director at Bankers Trust Company in New York City. Ms. Harmon currently serves on the Board of Directors of Forest City Enterprises, Inc, a New York Stock Exchange publicly traded national real estate development company. Much of Ms. Harmon’s philanthropy is directed toward improving the lives of women and children. She currently serves on the Board of Directors of Women for Women International, a non-profit organization that supports women and children in war-torn countries. Ms. Harmon also serves on the Advisory Board of the School of Advanced International Studies Advisory Council, The John Hopkins University. Ms. Harmon earned a B.A. from Johns Hopkins University and an M.B.A. from the Wharton School, University of Pennsylvania.

attendee profiles Jan Le Chang President Association of Asian American Investment Managers AAAIM was founded in 2006 to serve as a platform for Asian American investment managers to meet and conduct business with plan sponsors, fund-of-funds and institutional investors. We encourage institutional investors to diversify their pool of fund managers by introducing them to high-performing, qualified Asian American fund managers across all major asset classes such as hedge funds, fixed income, private equity, real estate, venture. Mary Strother VP Investor Relations Athenian Venture Partners Steven Flyer Partner AUA Private Equity Partners AUA Private Equity Partners, LLC (“AUA Equity”), based in New York, is an operationally-focused, lower middle-market private equity firm that makes equity investments in companies in the consumer, media and business services sectors with a particular focus on Hispanic-oriented companies and family-owned businesses located in the United States. AUA Equity intends to replicate the success of Andy Unanue’s prior leadership of Goya Foods, a pioneer of the Hispanic consumer category, by targeting Hispanic-oriented companies and family-owned businesses and transforming them into category leaders.

Haydee Celaya Co-founder and CIO Avanz Capital Avanz Capital was established to invest in private equity across emerging and frontier markets using pooled investment vehicles or customized separate accounts. The firm focuses on the mid-market in Africa, emerging Asia and Latin America investing in primary funds complemented by direct and secondary investments. The team's experience includes years of direct investing across emerging and frontier markets and also managing from 2004 through 2010 the International Finance Corporation's (IFC's) Global Funds Group with over $3 billion in commitments in 176 funds. The IFC, as the private sector arm of the World Bank Group, has been a leader in emerging markets private equity investing and its fund’s portfolio is one of the largest, broadest and most established in the world. Avanz Capital has a unique offering, immediate access to a significant, wide range of investment opportunities and established relationships across the emerging markets, and very favorable differentiators, including an extensive track record, long history leading in these markets and operational experience. Lindsay Todd Managing Director Avec Capital Barry Chase Managing Principal AVP Advisors, LLC

attendee profiles Matt HoganBruen | Edward Powers Managing Director | Managing Director Bank of America BAML Capital Access Funds is an experienced market-based, returns-driven private equity fund of funds manager and advisor focused on meeting the targeted mandates of large public pension funds, endowments and other institutional investors. BAML Capital Access Funds has managed and advised on over $1.1* billion of capital for institutional investors across multiple, customized mandates since 2002. BAML Capital Access Funds' clients include the California Public Employees' Retirement System (CalPERS), the California State Teachers' Retirement System (CalSTRS), and the New York State Common Retirement Fund. Chau Nguyen Partner Bennu Venture Group, LLC Lawrence Bancroft President & CEO Bivium Capital Partners, LLC Bivium Capital Partners, LLC is an SEC registered boutique investment firm that provides investment management services to public and private plan sponsors, corporations, foundations and endowments, and family offices. We create and deliver investment solutions by structuring manager of managers portfolios designed to achieve our clients’ objectives.

Jiong Ma Partner Braemar Energy Ventures Braemar Energy Ventures is a leading energy venture capital firm. Our principals have more than 100 years of combined energy experience, and an investment record that dates back to the mid-1980s. We partner with exceptional companies and management teams, in both alternative and traditional energy markets, that can contribute to a more profitable and efficient energy landscape through innovation and marketplace expertise Damien Dwin Partner Brightwood Brightwood Capital Advisors, LLC is a leading provider of financing solutions for the middle market, including uni-tranche financings, senior, second lien and subordinated debt, preferred stock and co-investment equity. Brightwood focuses on companies with EBITDA of $5 million to $50 million. The firm currently manages a $230.5 million SBIC fund focusing on five verticals--Tech/Telecom, Business Services, Healthcare Services, Energy and Franchising. Euclud Walker Director Brightwood Capital Advisors Brightwood’s mission is to create long-term value for our investors by identifying attractive middle market opportunities while adhering to our conservative investment principles. We offer a streamlined approach to financing, with a responsive, fully integrated underwriting and approval process handled by senior professionals who have substantial experience in leveraged finance.

attendee profiles Craig Bardo |Vishal Jhaveri Senior Director | Senior Director BroadRiver Asset Management, L.P. BroadRiver Asset Management, L.P. (“BRAM”), is an SEC registered alternative fixed income manager established in 2009. The firm was founded by two senior Goldman Sachs executives to provide investors access to non-correlated and low volatility investments. BRAM’s activities focuses on offering investments that provide access to investment grade credit risk with above market yields. BRAM has $200 million under management through BroadRiver I, L.P., a closed end Life Settlements fund consisting of 100% ERISA capital. Currently BRAM is in the market to offer investments in two alternative strategies through BroadRiver II, L.P. and BroadRiver TRF I, L.P. BroadRiver II, L.P., is targeted to be a 12 year closed end Life Settlements fund with target unlevered net yield of 15.3%. The fund expects to start making investor distributions starting year 5 and repayment of principal by year 7. The fund will focus on acquiring assets through regulatory change driven bank divestitures, through other secondary market transactions and through primary market sourcing. Life Settlements are naturally amortizing assets and hence the cash flows are non-correlated to capital markets. BroadRiver TRF I, L.P., is an open-end fund that invests in municipal tax receivables. These assets are senior liens with subordination from mortgage liens. Cash flows are non-correlated to capital markets. Liens are repaid either by home owner or mortgage lender to avoid the foreclosure process. The fund will target unlevered net yield of 6.5%.

Christopher Austen | Christine Jones Managing Director | Director Brooke Private Equity Associates Brooke Private Equity Associates (“BPEA” or “the Firm”) is a boutique investment firm founded in 2002 that manages over $700 million in private equity fund-of-funds, direct co-investments, and separate account programs. BPEA focuses on inefficient areas of the market and utilizes a strategy developed over 45 years to deliver consistent returns with lower capital risk. The Firm’s differentiated approach includes building diversification and balance within each portfolio, proactively sourcing investment opportunities, investing with a focus on operational expertise, and actively managing each program. The partners at BPEA have over 100 years of private equity experience investing directly in companies and through fund managers. The Firm has built an institutional investment platform with a strong back-office infrastructure and established processes for sourcing, evaluating, managing, and valuing investments. Over the past 10 years, BPEA has invested or advised on investments in 98 funds and 88 direct co-investments. The Firm’s diverse investor base includes endowments, foundations, financial institutions, corporate and public pension plans, Taft-Hartley plans, family offices, and high net worth individuals. For more information about BPEA, please contact Christine Jones at (617) 227-3160.

attendee profiles Seth Bryant | Joyce Abernethy | Lawrence Vincent Managing Partner | Partner | Partner Bryant Burgher Jaffe, LLP Founded on January 1, 2009, Bryant Burgher Jaffe LLP is a firm comprised of seasoned, diverse attorneys and other professionals who are committed to providing the highest quality legal and advocacy services to our clients. Before joining the firm, our attorneys spent their careers practicing at Am Law 100 law firms or in various capacities in government and the private sector. Our lawyers have over 200 years of combined legal experience on a range of corporate (including finance and M&A transactions), real estate, intellectual property and other commercial transactions and matters. In addition, our team has wide ranging experiences in business and in the communities that we serve and live in, including leadership positions in agencies focused on minority business development, membership on boards of directors, as principals in real estate development projects, and participation in important civic organizations and industry associations.

Elizabeth Granville-Smith Managing Director BV Investment Partners BV Investment Partners is one of the pioneers of private equity. As a leading middle-market private equity buyout firm, BV invests in the information and business services, communications, and media sectors. Since 1983, an experienced team of senior investment professionals has invested seven funds totaling over $2.6 billion in capital commitments. The Firm’s knowledge and experience in its targeted areas and its disciplined investment strategy make it a unique partner to both investors and management teams. With AUM totaling more than 50 million, BV Investment Partners has acted as the lead investor in notable portfolio companies, including: Billboard Publications, Decision Resources, Marshall & Swift, Television Station Group, Vue Entertainment, and World Publications.

attendee profiles Thomas Shingler Vice President Callan Associates Inc. Callan Associates is one of the most experienced firms in providing institutional consulting services, bringing over three decades of investment expertise to each client relationship. Callan’s aim is to help our clients achieve their objectives by providing unbiased and relevant information and guidance. Our fund sponsor clients represent beneficiaries from the most well-regarded and established organizations in our country and oversee funds that range from $100 million to multiple billions; in aggregate, our clients oversee more than $1 trillion in assets. We are fortunate to serve such a select and diverse group of Corporate, Public, Multi-Employer Defined Benefit and Defined Contribution Plans, as well as Endowment and Foundations. Our investment consulting services address a fund sponsor's needs and reflect our core competencies of Strategic Planning, Plan Implementation including Manager Search and Selection, Monitoring and Evaluation, and Education. Joel Miller Partner Cambridge Capital Partners Cambridge Capital Partners and their CCP Green Fund seeks to acquire distressed asset notes at a discount while providing a multi-faced approach to exiting the position. Our unique approach allows us to recapitalize a position, while providing investment opportunities going forward. We are often able to enter and exit a position in six to twenty four months. Last year we returned over 30% on average to over 150 investors.

Margaret Blakey Managing Principal Canopy Investment Advisors LLC Canopy Investment Advisors is an SEC-registered investment adviser with over $450 million in assets under management as of March 31, 2012. Canopy's investment focus is commercial real estate debt with an emphasis on mezzanine debt. Canopy was formed from the spin-out of the Real Estate Debt Group of BNY Mellon/Urdang Capital Management in June 2011. Gwendolyn Butler President Capri Capital Partners LLC Headquartered in Chicago, Capri was founded in 1992 as a real estate investment firm to capitalize on opportunities resulting from severely constrained U.S. capital markets. Growing organically and through strategic corporate acquisitions, Capri is today a multi-billion dollar global real estate investment and development firm. In addition to providing equity and debt capital solutions to property owners, Capri invests in the development of urban commercial and residential communities. Consistent with its origins, Capri continues to seek investment opportunities in markets that are underserved or imbalanced with respect to capital availability and/or real estate demand/supply fundamentals. Capri is committed to and reflective of the world's communities in which it invests. Our multiculturalism is integral to the firm's corporate philosophy and our ability to execute investment mandates on behalf of our clients. $3.7* billion in real estate equity and structured finance investments. *gross market value of funded and unfunded commitments as of 3/31/12

attendee profiles Arthur Hidalgo Managing Partner Carpenter BancFunds The Carpenter BancFunds (Carpenter) is an registered bank holding company private equity fund that makes control investments in Community Banks, helps them prosper and builds long term value. Carpenter has built a portfolio of business/commercial banking enterprise with over $3.3B in assets. The firm has invested in and advised the banking industry since 1974. The firm’s analytical skills and depth of knowledge are widely known and respected throughout the industry. Carpenter has successfully assisted banks in establishing and maintaining asset quality, overhauling corporate governance and transparency, restoring good regulatory standing and revising business strategies to increase earnings and shareholder value. Carpenter has also served as one of the nation’s asset managers for the U.S. banking regulators such as the FDIC and the Resolution Trust Corporation. The firm has provided these agencies with asset management and disposition services for more than $3 billion in distressed banking assets across the United States. Nader Motamedy | Nitin Gupta CEO | Partner Satyan Malhotra | Kristin Olney President | Client Relations Manager Caspain Private Equity Caspian Private Equity, LLC ("CPE") focuses on US private equity markets and offers to Accredited Investors, opportunities to invest in fund-of-funds and direct investment vehicles. CPE was created in March 2008 and manages billions in private equity fund of funds and direct investment portfolios with additional millions of open offerings. CPE is a registered investment adviser with the U.S. Securities & Exchange Commission.

Richie Butler Senior Vice President CityView CityView is one of the nation’s premier institutional investment firms focused on urban real estate, in-city housing, and metropolitan infrastructure. Founded in 2000 by Henry Cisneros, Secretary of the U.S. Department of Housing and Urban Development in President Clinton’s Administration, CityView has generated more than $2 billion in urban investment in over 50 communities across the United States. The company currently manages multiple funds, all focused on urban solutions. Among its largest investors are pension systems for employees of the State of California (CalPERS), the City of Los Angeles (LACERS), the County of Los Angeles (LACERA), the Los Angeles Fire and Police Plan (LAFPP) and BlackStones. Combined, CityView’s four funds have invested in more than 20 metropolitan areas in 13 states across the country. Anita Hariton Director Commonfund Capital, Inc. Commonfund Capital, with more than $11 billion in committed capital under management, provides a broad range of private investment partnerships to the nonprofit community, and more broadly, to the global institutional inves-tor market, including corporate and pub-lic pension plans, family offices and other select investors. Commonfund Capital has offered private capital pro-grams since 1988, and our most recent programs have included partnerships in: Global Venture Capital U.S. Private Equity Global Private Equity Ex-U.S. Natural Resources

attendee profiles Peter Braffman | Derek Jones Partner | Managing Director/ Partner Derek Jones Managing Director / Partner Kelly Williams Managing Director / Group Head Credit Suisse The Credit Suisse Customized Fund Investment Group (“CFIG”) is one of the world’s leading managers of private equity fund of fund and co-investment programs, with approximately $28 billion of client commitments under management. CFIG was founded in 1999 to provide customized private equity investment management services to pension plans and other institutional investors. The group develops investment programs for sophisticated, active investors who have a specific portfolio need to complement their current private equity holdings and for emerging investors who need assistance entering the asset class. Once established, CFIG takes a service-oriented, long-term partnership approach to its customized accounts, and leverages the vast resources resident within the Credit Suisse platform throughout the investment process. CFIG’s clients include blue chip public and corporate pension plans, insurance companies, endowments, foundations, and high net worth investors globally. The group has completed investments in buyout, venture capital, distressed debt, mezzanine, cleantech, infrastructure and real estate funds and co-investments worldwide.

Andrew Taylor Managing Director/Principal Cumberland Partners Jason Yee President & CEO Cypress Coast Partners LLC Cypress Coast Partners LLC is an investment adviser specializing in global and international equities. Portfolio manager and Managing Partner has 20 years of investment experience, and previously managed over $10 billion of global and international portfolios. The firm employs a research-driven, value investment approach to identify and exploit investment opportunities across all geographic regions. Guy-Max Delphin CEO / CIO Delphin Investments Guy-Max Delphin formed Delphin Investments (DI) in December 2008 after more than a dozen years of investment experience with both the buy- and sell-side of Wall Street. DI has been a Registered Investment Advisor with the State of Connecticut since March 2009, and in January 2009 launched its first strategy, the GTAA, an ideal product for small to mid-sized institutions looking for a global, multi-asset class product. DI launched its U.S. Small-Cap Stock product in December 2010 and its Equity Market Neutral product in November 2011.

attendee profiles David Schaller Managing Director Delta-v Capital Delta-v Capital manages secondary direct and special situations growth technology funds that invest in companies that have been traditionally sponsored by private equity and venture capital partnerships. The firm targets interests in companies that have substantially removed product and business model risk, and are typically in the process of scaling the company with healthy growth rates and current or near term profitability. The firm's blind-pool vehicles seek to invest between $2 million and $12 million per single asset transaction. Jill Krishnamurthy Partner Dolphin Capital Dolphin Capital is a growth equity fund which invests in lower middle market companies in the Intermountain West region. Its investments include growth capital investments, partial buy-outs and acquisitions. Dolphin takes a hands-on approach to investing through a strategy we call "Business Engineering." We strive to actively support our portfolio companies and will take an active role in the businesses when necessary.

Eghosa Omoigui Managing Partner EchoVC Partners EchoVC Partners is a new (but experienced) seed & early stage technology-focused venture capital fund focused on financing and cross-pollinating leading technologies, teams and business models in North America & Sub-Saharan Africa. As first-time managers but experienced stage-agnostic investors with a network of local and global connections, we bring a disruptive approach to investing at the technology intersection of consumer, media, data, & devices by seeding the best US companies & leveraging knowledge transfer as a driver to seed growth across borders in emerging ecosystems. Areas of Focus: ✔ Consumer Internet: SmartGraph™ platforms, apps and services SmartData™ (software and services layer) - machine learning; computer vision; predictive analytics; business intelligence; search & discovery ✔ Mobile Ambient Awareness Sensor Data Platforms & Services ✔Emerging Markets ✔Women Entrepreneurs We Seed & Syndicate Entrepreneurial Inspiration Across The Globe™

attendee profiles Fred Cummings President Elizabeth Park Capital Elizabeth Park Capital Management is a $65 million hedge fund focused on investing in the financial services sector. Allen Chan Principal Enkei Advisors Devin Talbott Managing Partner Enlightenment Capital Enlightenment Capital is a Washington, DC area private investment firm that makes private debt and equity investments in small and mid-sized companies in the Aerospace, Defense & Government (ADG) sector. The firm invests in senior debt, mezzanine debt, and minority equity.

Danny Kang Partner Estancia Capital Management LLC Estancia Capital Management is an independent, minority (Hispanic and Asian) controlled private equity fund focused exclusively on asset management businesses and related business services (outsourced solutions, distribution and operational platforms). Estancia Capital Partners - Fund I - intends to focus primarily on small to lower middle market firms, including established investment teams seeking a new platform from which to provide their services. A critical element of our investment thesis is aligning interest and partnering with management and investment teams by providing equity and working capital to facilitate strategic and opportunistic development, including management buyouts from larger financial firms, private firm ownership transitions, growth initiatives, recapitalizations and investment team lift-outs. Estancia conducted its first closing in December 2011 and currently has commitments totaling approximately $100MM from Credit Suisse, Muller & Monroe, Nuveen Investments, Pinnacle West Capital Corporations and several family offices. It is anticipated that Fund I will invest $10MM to $25MM across six to eight companies in control and non-control transactions building a diverse portfolio of companies across asset classes (traditional and alternative), investment styles and market segments/channels served. Estancia's fund strategy combines the Principals deep operating and private equity experience to maximize the potential for generating exceptional IRRs and multiples of invested capital.

attendee profiles Michael Mendez | Takashi Moriuchi Partners Estancia Capital Management LLC Estancia Capital Management is an independent, minority (Hispanic and Asian) controlled private equity fund focused exclusively on asset management businesses and related business services (outsourced solutions, distribution and operational platforms). Estancia Capital Partners - Fund I - intends to focus primarily on small to lower middle market firms, including established investment teams seeking a new platform from which to provide their services. A critical element of our investment thesis is aligning interest and partnering with management and investment teams by providing equity and working capital to facilitate strategic and opportunistic development, including management buyouts from larger financial firms, private firm ownership transitions, growth initiatives, recapitalizations and investment team lift-outs. Estancia conducted its first closing in December 2011 and currently has commitments totaling approximately $100MM from Credit Suisse, Muller & Monroe, Nuveen Investments, Pinnacle West Capital Corporations and several family offices. It is anticipated that Fund I will invest $10MM to $25MM across six to eight companies in control and non-control transactions building a diverse portfolio of companies across asset classes (traditional and alternative), investment styles and market segments/channels served. Estancia's fund strategy combines the Principals deep operating and private equity experience to maximize the potential for generating exceptional IRRs and multiples of invested capital.

Robert Azeke Managing Partner Farol Asset Management LP Farol Asset Management LP (Farol) is a private investment firm focused on providing customized investment products and solutions to institutional and high net worth investors. Led by a team with nearly 30 years of investment, financial advisory and consulting experience at leading global firms, Farol has generated strong private equity results on behalf of its clients through a proprietary sourcing network, comprehensive investment screening and vetting process and value-added investment monitoring philosophy. Whether through acquisitions, joint ventures or organic growth, the long term vision of the firm is to create a multi-asset class platform dedicated to serving the complex and unique investment requirements of our global network of institutional relationships. Farol has identified the co-investment sector as an initial area of strategic growth and has created Farol Investment Advisers, LP (FIA), a joint venture with Brooke Private Equity Associates dedicated to providing on a separate account basis co-investment private equity services and solutions exclusively to large US-based public pension funds. By year end 2012, FIA expects to manage nearly $300 million in a co-investment separate account focused on supporting minority and women-owned private equity managers, fund-less sponsors and entrepreneurs. FIA is actively sourcing, analyzing and funding investment opportunities.

attendee profiles Vanessa DeMeo Associate, Marketing and Client Services Dorothy Held Managing Director Feingold O'Keeffe Capital, LLC Feingold O’Keeffe Capital, LLC was established in 2001 by Co-founders Andrea Feingold, former Co-Head of PIMCO High Yield Group, and Ian O’Keeffe, former PIMCO Head of High Yield Trading. The team has worked together since 1994 managing risk assets including senior loans, stressed and distressed debt to produce strong non-correlated returns in a variety of markets. Throughout their partnership they have applied the same unifying philosophy of risk control and value assessment with all investments supported by independent, proprietary, fundamental research. A team based approach and collaborative investment process creates a competitive advantage to identify inefficiencies, capture value and produce attractive risk-adjusted absolute returns while limiting loss. Georganne Perkins Managing Director Fisher Lynch Capital Fisher Lynch Capital (“FLC”) is a boutique private equity firm with $1.9B in capital under management. Since its inception in 2003, the firm has focused exclusively on delivering superior returns to its investors through selective access to premier buyout funds, venture capital funds, and sponsored co-investments. FLC has a team of 21 professionals operating from offices in San Mateo, CA, Boston, MA, and London, UK.

Ronald Blaylock Founder & Managing Partner Carmen Rojas Investor Relations Manager GenNx360 Capital Partners GenNx360 Capital Partners is a middle market private equity buyout fund with an industrial and business services focus with emphasis on the following sub-sectors: − Agricultural Products & Services − Oil and Gas Services − Global Transportation Components − Specialty Chemicals & Engineered Materials − Industrial Machinery & Equipment Components − Logistics − Aerospace & Defense Our first fund, Fund I, is a $600 million ’07 vintage fund. To date we have invested in companies in industry sectors where our firm has significant operating experience. We are currently raising our second fund with a target of $750 million.

attendee profiles Molly Bordonaro Senior Vice President Gerding Edlen Gerding Edlen is a full service real firm specializing in the investment, development and management of urban, infill office, apartment and mixed-use properties. Uniquely grounded in the goals of creating transformational buildings, vibrant communities and investment quality assets, Gerding Edlen is committed to building high quality and deeply sustainable properties that ensure enduring value for its investor partners. Our Firm is unique in the breadth of in-house expertise. Gerding Edlen is an experienced developer and property manager in addition to its investment management, asset management, research and acquisition capabilities, adding value to its properties throughout the ownership cycle. To date, the Gerding Edlen has managed over $600 million in equity and developed or re-developed more than $5 billion in real estate value. The firm's major divisions include—Investment Management, Property Development, Property Management, and Gerding Edlen Sustainable Solutions. Looking to the future, Gerding Edlen continues to cultivate its expertise in creating exceptional apartment, office and mixed-use properties that add value to our communities and environment. Molly Prendergast Associate Greenhill & Co. Greenhill & Co., Inc. is a leading independent investment bank focused on providing financial advice on significant mergers, acquisitions, restructurings, financings and capital raisings to corporations, partnerships, institutions and governments.

Paul Yett Managing Director Hamilton Lane Advisors, LLC Hamilton Lane Advisors was founded in 1991 in Philadelphia, Pennsylvania as a private equity advisory firm for large public pension plans. We focused almost exclusively on advisory mandates until 1998, when we gained our first separate account client and launched our first fund-of-funds. Since that time, we have expanded into managing discretionary private equity plans for institutional investors globally, through both separately managed accounts and comingled funds. Today, we are a recognized leader in alternative asset management, serving some of the most sophisticated clients across the globe, and have demonstrated expertise in evaluating, analyzing, recommending, monitoring and reporting on all sub-asset classes within the private equity universe; including; corporate finance/buyout, venture capital, special situation, real estate and mezzanine funds as well as secondary and co-investment opportunities). We currently employ more than 170 people in 11 offices around the world with approximately $23.5 billion in discretionary assets under management and oversight of an additional $135 billion in advisory assets*. We provide a wide array of discretionary and non-discretionary services tailored to address the needs of our clients, including strategic portfolio planning, due diligence, legal, monitoring and reporting, board presentations, performance analysis and benchmarking. Hamilton Lane has been recognized with numerous awards over the years, including induction into the Private Equity Hall of Fame (2009), Best Places to Work in Philadelphia (2007) and European Gatekeeper of the Year (2006 & 2010). *As of March 31, 2012

attendee profiles Valerie King Director of Marketing Holland Capital Management Tim Bubnack | Joel Gragg Managing Partner | Principal Huntington Capital Willie Woods President ICV Partners Founded in 1998, ICV Partners is a leading private investment firm that supports management leaders of strong companies at the lower end of the middle market. With over $440 million in capital under management, the principals of ICV have crafted a strong track record of helping companies improve performance over the long term, investing in 13 companies across a variety of industries. Transaction Types: Leveraged Buyouts, Family Succession, Corporate Divestitures, Recapitalizations, and Management Buyouts; Industry Preferences: Manufacturing, Food & Beverage Processing, Consumer Products & Services, Healthcare, Business Services, and Distribution Kyle Rawlins Chief Investment Officer InDev Capital InDev Capital Ltda, is an emerging market merchant banking and advisory firm focused on middle income residential real estate development in Brazil, including real estate operating companies and suppliers to the contruction industry.

Dana Levy Germain | Norman Villarina Principal | Managing Partner Industry Capital Yin Kon Founder Intergeneration Capital Management Intergeneration Capital Management (ICM) is a 100% employee-owned emerging manager located in Greater Boston that advises a global fundamental long-only equity fund and an international long-short equity fund that were incepted in January 2010. Both strategies apply meaningfully differentiated iterative investment processes that strive to generate repeatable performance. Both Funds have management and incentive fee structures that more closely align the investment manager's interests to those of investors', and that are distinct from the majority of its strategy peers. Further details about the funds are available at https://www.evestment.com, http://odyssey.wilshire.com, and https://www.hedgefundresearch.com. ICM is comprised of a small team of investment professionals, previously at State Street Global Advisors in Boston, with competitive pedigree in terms of experience, and professional and academic qualifications. The firm and funds managed are supported by an infrastructure of independent institutional grade service providers.

attendee profiles Anastasia Proxenos Managing Partner International Housing Solutions International Housing Solutions (IHS) is a private equity firm focused on the development of residential housing. IHS partners with financial institutions, real estate developers, private capital groups and local government authorities to provide equity finance for residential projects, primarily in the affordable housing market. Currently focused on South Africa, IHS is set to expand its presence to other African countries and globally in future. IHS brings not only capital resources, but also research experience and risk assessment to local partners providing affordable housing to low-to-middle income families. IHS uniquely tailors every investment to the dynamics of the market and the specifics of the transaction. For institutional investors, IHS brings opportunities for excellent risk-adjusted returns in residential markets that may otherwise have been out of reach. At IHS, we pride ourselves on providing superior investment opportunities for our capital partners, while increasing the prospects of access to high quality, affordable housing products for individuals and families.

DeWayne Louis Principal Investcorp Investcorp, founded in 1982 as a public company, provides alternative investments across three lines of business — hedge funds (Single Manager Platform, Customized Portfolios and Fund of Funds products), private equity (buyouts, technology investment and Gulf growth capital), and real estate. Investcorp currently manages approximately $11 billion in invested assets under management, with approximately $4.6 billion in its Hedge Funds Program as of December 31, 2011. In each line of business, Investcorp invests a significant amount of proprietary capital alongside our clients — thus creating a meaningful alignment of interest.

attendee profiles Bertram Cooke | Ashmi Mehrotra Portfolio Manager | Portfolio Manager Lawrence M. Unrein | Charles Willis Managing Director | Portfolio Manager J.P. Morgan J.P. Morgan is a global leader in asset and wealth management services. We serve institutional, high net worth and retail clients through J.P. Morgan Asset Management; Highbridge Capital Management; and Private Banking, which includes the Private Bank, Private Wealth Management, and J.P. Morgan Securities. With assets under supervision of $2 trillion and assets under management of $1.4 trillion, we are one of the largest asset and wealth managers in the world. J.P. Morgan Asset Management (Investment Management) is a leading investment manager of choice for institutions, financial intermediaries and individual investors, worldwide. With a heritage of more than two centuries, a broad range of core and alternative strategies, and investment professionals operating in every major world market, we offer investment experience and insight that few other firms can match. Data as of April 13, 2012; J.P. Morgan Asset Management is the marketing name for the investment management businesses of JPMorgan Chase & Co. and its affiliates worldwide.

Neil Malik CEO and Managing Partner K1 Capital Advisors K1 is a Los Angeles-based private equity firm seeking to make growth equity and buyout investments in high-growth, lower middle-market private companies across North America. We seek to help dynamic businesses achieve successful outcomes by identifying and executing organic and acquisition-based growth opportunities that can position our companies as industry leaders. Industries of focus include technology, business services and consumer products. We look to invest in founder-owned, bootstrapped business models that have demonstrated significant growth and a high return on invested capital. We identify these investments by our rigorous direct sourcing process.

attendee profiles Julie Gionfriddo | Edward Keith Vice President | Vice President Landmark Partners Landmark was established in 1989 when the Firm launched Landmark Venture Partners, its first secondary private equity fund. With over 22 years of experience in the secondary business, Landmark is recognized as the first institutional secondary private equity firm. Since inception, the Firm has managed 15 secondary private equity partnerships, with a consistent investment strategy. The Firm believes investors in the Funds will benefit from the strong reputation, knowledge and experience, as well as network of relationships that Landmark has built during its tenure in the secondary private equity industry. Landmark has formed 27 funds focused primarily on venture capital, buyout, mezzanine and real estate partnership investing over the last 22 years. These funds have been capitalized at $9.1 billion* of which $7.1 billion* has been invested or committed through in excess of 400 transactions. The Landmark team includes 53 professionals and support staff experienced in all phases of investment origination, analysis, portfolio management, accounting, and reporting. The firm’s competitive advantage in deal origination, structuring, and negotiation comes from having acquired over 1,400 partnership interests with over 15,000 underlying company or property investments. Landmark’s team brings the philosophy, the process, and the knowledge to successfully execute sophisticated investment strategies. Our name, ‘Landmark,’ signifies the many historical firsts our firm has achieved in the private equity and real estate investment arena. *as of December 31, 2011

Anne Enna Managing Director Lane Five Capital Lane Five is a concentrated, long-biased, all-cap long-term value fund. We construct a portfolio of securities that we believe are significantly undervalued over a 3-5 year time horizon. Our intensive research process, low turnover and insights into business models are our key differentiating factors. $116 million in assets under management, as of March 2012. Lisa Rapuano – Founder and Portfolio Manager, CFA; 17 years investment management experience, including 9 years working with Bill Miller at Legg Mason, ultimately as Director of Research and Sole Manager of Legg Mason Special Investment Trust. Also spent two years as Co-CIO, Matador Investment Management. Yale BA. Clayton Jue President Leading Edge Investment Advisors Leading Edge Investment Advisors LLC, ("LEIA"), is a San Francisco-based, SEC Registered Investment Advisor founded in August 2005. LEIA is an experienced provider of multi-manager, multi-style portfolios for institutional investors. Capabilities include US and International Equities, Fixed Income, Hedge Funds and Private Equity. LEIA's founder and CEO, Clayton Jue, pioneered the first US-based fund of emerging managers in 1990, and with several seasoned investment professionals, expanded the use of emerging managers across all asset classes. Prior firms included, the team has managed over 35 emerging manager programs over 20 years.

attendee profiles Corey Galloway Principal Legacy Growth Partners Legacy Growth Partners is a direct investment (via its vehicle Legacy Growth Ventures) and strategic business development company specializing on the execution of extraordinary opportunities in business for high net worth entrepreneurs and professional athletes with distinctive vision. Through a close partnership, we are able to help our clients build or acquire meaningful companies and create significant value. Our core tenants of commitment, leadership and creativity are the primary factors as to why we are successful in achieving excellence for our clients. Our principals have an average of twenty years of experience in private equity, operating experience, and finance and banking across a wide range of industries including media and entertainment, light manufacturing, consumer products, retail and business services. Donna Holmes Head of Business Development and Client Service Lizard Investors Lizard International Fund a long-biased, equity hedge fund founded in January 2009 by Leah Zell. Lizard is committed to preserving capital and historically has done so. The investment team strives to create a non-replicable portfolio, investing in small and mid-cap companies domiciled outside the U.S. The Fund assets under management are approximately $135m and we plan to soft-close the Fund at approximately $500m.

Jacques Garibaldi Managing Partner London Park Investments London Park Investments, LLC (“London Park”) is an alternative asset management firm focused on foreign special situation equities. London Park’s Global Value Fund operates a long / short, deep value-oriented investment strategy that seeks to deliver absolute returns driven by bottom-up stock selection. The London Park investment team uses a long-term, research strategy applied to momentum driven foreign markets. The objective of the funds is to generate mid-teens returns, while delivering capital preservation in down markets with a low correlation to the All-Country World Index (“ACWI”). Michael Elizondo | Jeffrey Gandel Executive Managing Director | Managing Director Long Wharf Real Estate Partners Long Wharf Real Estate Partners is a Boston-based private equity real estate manager established in 2011 following the spin-out of the Fidelity Real Estate Group from Fidelity Investments. With 25 professionals, Long Wharf targets value-added investment opportunities in an array of property sectors and markets across the U.S. Including its experience while at Fidelity, the group has invested $2.5 billion of equity in more than 180 different transactions on behalf of institutional clients over the past 17 years. Long Wharf was co-founded by Michael Elizondo, who is responsible for the strategic direction and investment strategy of the firm. Mr. Elizondo has over 30 years of real estate experience, including acquiring, developing and leasing commercial properties while at Trammell Crow, Colony Capital and Fidelity Investments.

attendee profiles Darrell Williams Managing Director Loop Capital Investment Management Loop Capital provides expertise in fixed and variable rate products as well as advisory services. We remain sensitive to market conditions, and, through careful analysis and market agility, we identify opportunities to reduce capital cost through new money financings, refunding transactions, debt restructurings, tender offers, and hedging instruments. Loop Capital has become a leader in the primary and secondary short-term capital markets as well. Loop Capital was ranked 12th nationally of all firms on negotiated transactions as senior manager for 2010.1 We have served as a senior manager or co-manager on more than $685 billion for issuers across 49 states since our inception. Ruben J. King-Shaw Jr. Managing Partner & Chief Investment Officer Mansa Capital Our fund will invest in high growth companies in the US healthcare services and healthcare information technology sectors. Our investment strategy is grounded in the combined expertise of the firm’s Partners: Medicare and Medicaid payment policy, finance, operations and risk management. Moreover, our methodology leverages our firm’s core competencies: a keen understanding of healthcare regulatory policy; superior insight into the US Hispanic and urban markets; a proven track record with successful investments in healthcare services and healthcare information technology; and significant experience in medical diagnostics. Our strategy has generated returns of 14-times invested capital from 9 investments over 8 years with 3 IPOs.

Mary Ellen Zellerbach Managing Director Martin Investment Management, LLC Nili Gilbert Co-Founder | Portfolio Manager Matarin Capital Matarin Capital’s investment approach takes advantage of a unique combination of fundamental and quantitative investing—what we call part art, part science. With a long track record of investment experience and strong team cohesion, Matarin strives to deliver an ideal mix of investment rigor and forward-looking, thoughtful analysis of what will drive future investment returns. Matarin manages a Market Neutral hedge fund strategy and a North America Small Cap long only strategy. We aim to build strategic alliances with our clients based on the highest of ethical standards. Matarin Capital Management was established in July 2010. We are a women-owned emerging asset management firm with offices in Stamford, CT. Matarin is 100% employee owned. We are a Registered Investment Advisor in the State of CT and are certified nationally as a women-owned business by the Women's Business Enterprise National Council (WBENC). David Clinton Principal Medley Capital LLC

attendee profiles Marc Michel Managing Partner Metamorphic Ventures Metamorphic Ventures is a New York City based seed fund investing in Transactional Media - the convergence and intersection between digital media, transaction processing and commerce, both online and offline. The companies we invest in tend to be b to b internet software companies (ad tech, analytics, payments, infrastructure, mobile etc.) and e-commerce companies in this category. More information is available at our website - http://metamorphic.vc . James Lee Principal MHT Secondary Advisors MHT Secondary Advisors is an investment banking firm that provides limited partners with both sell-side and buy-side transaction advisory services for alternative assets on the secondary market. It also provides valuation services of fund holdings. Our secondary team has experience advising on $2 billion in fund commitments. The firm brings bulge-bracket investment banking qualifications, relationships with fund managers, portfolio due diligence capabilities and exceptional transaction execution to the secondary market. MHT also offers M&A advisory, capital raising and strategic advisory services to high-growth middle market companies through its other business line, MHT Partners. We are committed to developing long-term, trusted relationships with our clients through our hard work, dedication and superior capabilities. MHT Secondary Advisors and MHT Partners conduct their investment banking activities through MHT Securities, L.P., a member of FINRA/SIPC.

Shawn D. Terry Managing Director MHT Secondary Advisors MHT Secondary Advisors is an investment banking firm that provides limited partners with both sell-side and buy-side transaction advisory services for alternative assets on the secondary market. It also provides valuation services of fund holdings. Our secondary team has experience advising on $2 billion in fund commitments. The firm brings bulge-bracket investment banking qualifications, relationships with fund managers, portfolio due diligence capabilities and exceptional transaction execution to the secondary market. MHT also offers M&A advisory, capital raising and strategic advisory services to high-growth middle market companies through its other business line, MHT Partners. We are committed to developing long-term, trusted relationships with our clients through our hard work, dedication and superior capabilities. MHT Secondary Advisors and MHT Partners conduct their investment banking activities through MHT Securities, L.P., a member of FINRA/SIPC. Daniel Michaels Managing Partner Mission Asset Management Mission Asset Management, LP is a family office-backed investment firm focused on a wide variety of alternative investment opportunities from middle market private equity to opportunistic real estate.

attendee profiles Carla Harris | Michelle Morris Managing Director | Executive Director Morgan Stanley Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals. The Company is a financial holding company. The Company is a global financial services firm. The Company operates in three segments: Institutional Securities, Global Wealth Management Group and Asset Management.

Warren Henderson Managing Partner Mosaic Investment Advisors Mosaic Investment Advisors is an organization that provides unique services for emerging alternative asset managers. Mosaic is positioned between traditional management consulting firms and independent institutional marketers. Mosaic serves asset managers as well as the institutional investor community by: Identifying high potential, emerging alternative asset management organizations and helping them to gain institutional investment mandates; Coaching emerging managers to a state of institutional readiness and introducing them to the institutional investor community; Bringing new, alternative investment managers with innovative approaches into the marketplace - providing new capacity for alternative asset classes; Creating hybrid investment possibilities that satisfy unique institutional investor needs. In short, Mosaic acts as an extension of its managers; a consultant to principals and their portfolio team; and a facilitator with institutional decision makers. Institutional investors who hire Mosaic managers for their investment program can benefit from their innovative investment approaches without excessive in-house monitoring.

attendee profiles Edward Dandridge President & CEO National Association of Investment Companies NAIC is the trade association representing private equity firms whose investment strategies focus on emerging domestic and global mid-market opportunities. NAIC firms invest in privately held businesses with a high probability of growth and deliver significant returns to their investors and shareholders. NAIC firms have invested in and transformed more than 20,000 businesses across industries including software, technology, infrastructure, consumer services, food and beverage, real estate and healthcare. Elizabeth Burrus Director of Investor Relations Navigation Capital Partners Navigation Capital Partners, based in Atlanta, GA, is a private equity firm making control growth equity and buyout investments in lower middle market, niche business services companies, including light manufacturing and distribution. Navigation targets companies located in the Southeastern U.S. and Texas, with $20 to $200 million in revenue. Navigation currently manages $320 million of invested and committed capital.

Shawn Card | Peter Stuart Vice President | Assistant Neighborhood Development Company The Neighborhood Development Company (NDC)has completed the development of over 450,000 square feet of real estate and has a development pipeline of another 500,000 square feet. In addition the company is a Joint Venture participant in public-private partnerships including the now completed CityVista project and the under construction CityCenter (Old Convention Center) project, both in Washington DC, and the State Center Project in Baltimore. Collectively these projects represent over [4] million square feet of mixed-use space. NDC has led the revitalization of the DC’s vital Georgia Avenue corridor, with over 400 housing units constructed or under development in this area, the introduction of neighborhood-serving retailers and the development of facilities for non-profit institutions and schools Kristin Finney-Cooke Senior Consultant NEPC, LLC Employee-owned NEPC, LLC is one of the industry’s largest independent, full-service investment consulting firms, serving 300 retainer clients with total assets over $665 billion. Headquartered in Cambridge, Massachusetts and with offices throughout the United States, we’re known for incisive expertise and exceptional service. And results: NEPC’s collective client base has outperformed national averages in 23 of the 26 years since our founding in 1986.

attendee profiles Maria del Pilar Avila Chief Executive Officer New America Alliance Founded in 1999, the New America Alliance is comprised by a 501(c)6 and a 501(c)3 organization dedicated to advancing the economic development of the American Latino community. The NAA is organized on the principle that American Latino business leaders have a responsibility to lead the process of building the forms of capital most crucial to Latino progress – economic capital, political capital, human capital and the practice of philanthropy. NAA aggregates our members' success, experience, relationships and passion to give back as we promote the advancement of the Latino community and prosperity for all in our nation. NAA members leverage their influence to promote Latino leadership in entrepreneurship, corporate America, and public service; increase Latino access and control of capital; and invest in human capital to improve educational achievement and develop future Latino business leaders. Larry Seruma Managing Principal Nile Capital Management Nile Capital Management, the advisor tothe Nile Africa series of funds, is an asset management firm with in-depth investment expertise that covers the entire African continent, from Cairo to Cape Town. By focusing on Africa, the company seeks to identify and capitalize on the best investment opportunities in the continent and expand investors access to emerging and frontier markets.

Pooja Malik Founder, Portfolio Manager Nipun Capital Nipun Capital, LLC is a San Francisco Bay Area based instituional asset management firm focused on Asian equities. The firm was founded by Pooja Malik, formerly a Managing Director at Barclays Global Investors(BGI)/Blackrock and Dr. Charles Lee, the Former Head of Global Equity Research at BGI and currently a tenured Professor at Stanford's Graduate School of Business. The team @ Nipun has worked closely together in the past, using a similar investment philosophy. Nipun believes that investment success is based on applying fundamental and behavioral insights, in a contextual manner, over a diverse universe of assets. The Nipun Asia Total Return Fund is a long/short strategy designed to deliver 10-12% returns (net of fees and costs) with half the volatility of the Asian markets. The strategy is driven by fundamental insights and implemented quantitatively to take advantage of the inefficiencies in the Asian markets. The diversity of stocks in Asia, the dominance of retail traders and the improving regulatory regime make it very attractive for a systematic investment approach. The portfolio construction process incorporates multiple views of risk to hedge out country and currency risks and build a robust low volatility portfolio.

attendee profiles Tutu Agyare managing Partner and CIO Nubuke Investments LLP We are a growing sub $50 mill usd Multi Strategy Africa Hedge Fund with a sole focus on Africa.We run Equity Long/Short ,Fixed Income local currency and foreign and currency portfolios. We target a 20-25% annualised return with a 10-15 vol and a .5 correlation to the MSCI EM. We are up 25% year to date. We only invest in asset classes that are more than 50% African and invest in listed assets anywhere in the world .We do not do Private Equity so we dont own things or run things, but are fully transparent and have our portfolio independently valued all the time. We have a Top down Value with catalyst approach to investments but utilise the appropriate hedges to minimise and take advantage of our knowledge of the continent. We started in June 2008 and have doubled your money since inception.We are wholly African and African American owned and have been frican Hedge Fund of the year in 2 out of our first 4 years. The team has over 60 years of experience in Investing across asset classes in Emerging markets and Africa.

Tony Lee | Kimberly Reed Managing Partner | Partner One Rock Capital Partners, LLC One Rock Capital Partners is a private equity firm focused on control-oriented investments of lower middle-market companies in North America. With our exclusive, industry-specific Operating Partners, we look for opportunities to create value through operating improvements and strategic repositioning of companies within our target industries. Those industries currently include: Chemicals & Process Industries, Consumer Durables & Industrials, Business & Environmental Services, and Auto Retail. One Rock’s Strategic Partner is Mitsubishi Corporation, which provides the ability to leverage its worldwide network of resources and purchasing power to provide profit enhancement opportunities for our portfolio companies. Mitsubishi also provides access to unique deal flow, an additional check during the due diligence process, and access to its corporate infrastructure. One Rock is a spin-off firm of Ripplewood Holdings, LLC.

attendee profiles Vicky Schiff Managing Partner Oro Capital Advisors, Llc Oro Capital Advisors is a privately held women-owned real estate investment and advisory firm focused on the acquisition of distressed real estate assets and debt in the middle market sector across select U.S. markets. The firm is headquartered in Los Angeles, California, with offices in Texas and Connecticut. Oro’s Senior Partners collectively bring more than 75 years in real estate investing, investment banking, investment management, legal and regulatory experience. Oro’s principals have invested over several billion dollars in assets and operated 8 companies. Oro is pursuing opportunities to acquire distressed and opportunistic commercial real estate assets and debt. Oro believes that a tremendous opportunity continues to exist in the current market to acquire property and debt at significant discounts to replacement costs and current outstanding balances. Institutions and other principal real estate investors continue to struggle with persistent balance sheet problems caused by weaker local market fundamentals, maturing loans that cannot be repaid or refinanced and high loan-to-value ratios that have rendered the loans as nonperforming or defaulted obligations.

Ahovi G. Kponou Partner Outpost Partners LLC Outpost Partners is a Global Emerging Market equity hedge fund manager which will invest in pre-converged and Frontier Emerging Markets (along the lines of Goldman's Next 11). We are initially launching a global equity long-short fund focused on the aforementioned markets. There is a tremendous market opportunity we see for an EM strategy which marries a fundamental investment process with a rigid risk management discipline (minimize tail risk). At this point, we have already developed the Outpost Partners brand and articulated our strategy with/to a number of institutional investors. Our pipeline of investors are enthusiastic about direct exposure to a risk-managed EM equity product - we believe L/S EM Equity in the "new emerging markets" represents a substantial commercial opportunity. We intend to initially launch 2 funds (a Global Emerging Markets Equity fund, then a Emerging Markets Natural Resources-focused fund), which will have a combined capacity of $1.2-$1.5 billion. We are targeting approximately 15% to 20% annualized returns from these funds with a standard deviation volatility of 10-15%. Our business plan articulates our objective to lever the Outpost Partners brand to launch further funds with a potential total AUM of $2-$3 billion over a 3 to 4 year timeframe. The principals have significant investment experience in emerging markets, natural resources and event-driven strategies during which we have developed unique skills, and a global network of contacts in each of our key markets which we believe is difficult to replicate.

attendee profiles Von Hughes Managing Director Pacific Alternative Asset Management Company, LLC Pacific Alternative Asset Management Company, LLC ("PAAMCO") is a leading independent fund of hedge funds investment firm dedicated to offering strategic investment solutions to large, sophisticated institutional investors. Based in Irvine, California, PAAMCO was started in March 2000, has a global headcount of 130, offices in London and Singapore, and more than $8 billion of assets under direct management. The firm's portfolio management team has both a strong academic background and years of experience in working with institutions and analyzing and creating multi-strategy portfolios of hedge funds. The firm is committed to meeting the needs and demands of its global institutional client base both now and in the future. Judy Chambers | Christy Fields Investment Consultant | Managing Director Pension Consulting Alliance, Inc. Pension Consulting Alliance, Inc. (PCA) is an independent, full-service investment consulting firm providing a broad range of investment advice to a wide variety of sophisticated institutional investors. Investment consulting is PCA's only line of business. Michael Corbett CEO/CIO/PM Perritt Capital Management

Kneeland Youngblood | Tina Hahn Managing Partner | Sr. VP - Investor Relations Pharos Capital Group, LLC Headquartered in Dallas and Nashville, Pharos Capital Group has $600 million in capital under management through three private equity funds. Our latest partnerships is a $400 million fund focused on providing later stage equity funding for internal growth, acquisitions, leverage buyouts, management buyouts or recapitalizations across the industry sectors with a particular focus on healthcare and business services. Pharos typically takes $10 to $30 million equity positions through staged investing in undercapitalized businesses in underserved regions across the nation. We typically are the lead investor in a round, or a will co-lead a financing along with other institutional investors. Our investment mandate is to be value added investors who bring more than just capital to the table. Zaid Abdul-Aleem Executive Vice President Piedmont Investment Advisors Piedmont Investment Advisors, LLC is a professional money management firm specializing in core equity and fixed income management. The firm was established in August 2000 and is based in Durham, North Carolina. We currently manage approximately $3.45 billion in assets as of December 31, 2011 Gregory Weston Counsel Pillsbury Winthrop Shaw Pittman LLP

attendee profiles Mariame McIntosh Senior Vice President Portland Private Equity Portland Private Equity is a private equity fund management company currently focused on opportunities in the Caribbean region through its management of the AIC Caribbean Fund (ACF). Building on Portland’s track record of successful investments of its Chairman’s Michael Lee-Chin’s private capital, ACF is a ~$225M fund focused on small to medium-sized businesses. Companies in its portfolio do business in over 21 countries throughout the Caribbean, Central America, and Latin America. Shawna Frazier Managing Director Profit Investments Profit Investment Management Equity Manager Large Cap, Small Cap and Social

Evelyn Dravis Senior Vice President Adrienne Gaines Senior VP, Strategic Client Relations & Marketing Mona Williams Executive Vice President Johnita Mizelle Head of Corporate, Endowment & Foundation Sales Progress Investment Management Company, LLC Progress Investment Management Company, LLC, a Delaware Limited Liability Company, was founded in June 1990 as an independent, minority- and employee-owned SEC Registered Investment Advisor. The firm was founded to bridge the gap between small, minority and woman owned investment firms and large pension funds. Managing Emerging Managers has been Progress’ exclusive business focus since its inception. We build high-performing, diversified, risk-controlled Emerging Manager portfolios using the multi-manager construct. We serve the investment needs of a wide variety of institutional investors who believe in the value proposition of emerging managers, including many of the largest and most sophisticated plans in the country. Our domain expertise is unparalleled as we are the largest and most experienced independently-owned firm with this exclusive focus. We offer emerging manager fund of fund products in domestic, non-U.S. and global equities, small, mid and all cap value, core and growth, domestic fixed income core, core plus and high-yield. We are also developing an Emerging Opportunities Fund and Hedge Fund Program.

attendee profiles Reza Ali CIO Prosiris Capital Management Investcorp, founded in 1982 as a public company, provides alternative investments across three lines of business — hedge funds (Single Manager Platform, Customized Portfolios and Fund of Funds products), private equity (buyouts, technology investment and Gulf growth capital), and real estate. Investcorp currently manages approximately $11 billion in invested assets under management, with approximately $4.6 billion in its Hedge Funds Program as of December 31, 2011. In each line of business, Investcorp invests a significant amount of proprietary capital alongside our clients – thus creating a meaningful alignment of interest. HEDGE FUNDS PROGRAM Investcorp launched its Hedge Funds Program in 1996 and currently manages $4.6 billion in hedge fund assets. With nearly $1 billion of its proprietary capital invested in its Hedge Funds Program, Investcorp is the largest investor in its own products. Investcorp’s clients – who are co-investors – can benefit from the Firm’s access to top-tier hedge fund investment talent, institutional-quality operational infrastructure, significant commitment to sophisticated hedge fund risk systems, and innovative research. Investcorp provides its clients access to hedge funds through its Single Manager Platform (direct investments into the following hedge fund strategies: Fixed Income Relative Value, Convertible Arbitrage, European Event Driven, Global Macro, and Multi-Strategy), diversified Fund of Hedge Funds products, and customized Hedge Fund portfolios.

Julia Peter-Kerr Managing Partners Quotient Investors Raza Bokhari | Jennifer Faust Managing Partner | Investor Relations Manager RBx Capital, LP Rbx capital is a multi-stage and multi-strategy private equity fund in formation focused on investing in all segments of the $60B US laboratory testing market including pharmacogenomics enabled personalized medicine. The fund may also invest opportunistically in related areas of the healthcare industry. A majority of the fund's investments are intended to provide consolidation, growth and expansion capital to diagnostic companies. The fund will also selectively invest in start-up companies focused in esoteric testing, especially pharmacogenomics. The fund's size will be between $50m to $200m. The fund's GP will each commit 10% to the fund, with a maximum of $5m. Dr. Raza Bokhari, a physician turned entrepreneur, with a demonstrated track record in aggregating, accelerating and successfully exiting out of diagnostic companies, is leading the fund's management team. Craig Huff Co-Chief Executive Officer Reservoir Capital Group Reservoir Capital Group is a privately held investment firm with a flexible, opportunistic investment approach. Reservoir is the general partner of several hybrid investment funds that make investments in both public and private markets, with a focus on out-of-favor sectors and asset classes. Reservoir employs a disciplined investment approach that emphasizes risk mitigation and downside protection. Reservoir’s investment funds currently have approximately $5.5 billion under management.

attendee profiles Frank Baker Managing Director Philip Lo Vice President Siris Capital Siris Capital is a middle market private equity firm focused on deep value, control equity investments around special situations in the telecom, technology and technology-enabled business service sectors. Siris is founded by three former Ripplewood partners who also founded SAC Capital’s private equity group (SAC Private Capital Group) in 2007. The Siris partners have worked together for over 14 years while implementing the same disciplined investment strategy. Through a rigorous analysis process, we form an investment thesis about a particular industry sector and work with exceptional senior operating executives (Executive Partners) to identify and diligence potential opportunities as well as manage and grow our invested companies into leading players in their respective markets.

Kristi Craig Senior Vice President, Business Development Small Business Investor Alliance The Small Business Investor Alliance (“SBIA”) is the premier organization of lower middle market private equity funds and investors. Our members provide vital capital to small and medium sized businesses nationwide, resulting in economic growth and job creation. The SBIA’s mission is to provide member funds and LPs real advocacy power with federal regulators and on Capitol Hill, access to exceptional networking opportunities, and continuing educational programming with an emphasis on industry best practices. SBIA has been playing a pivotal role in promoting the growth and vitality of the industry for more than 50 years. SBIA works on behalf of its membership as a tireless advocate for appropriate regulation and smart tax policy that promotes domestic investment and the growth of small businesses who fuel the American economy. Faith Stevenson Managing Director Smith Graham Smith, Graham & Co. Investment Advisors, L.P. is an independent employee-owned investment advisory firm that specializes in providing fixed income and equity portfolio strategies to institutional clients. Our objective is to provide a broad range of high quality fixed income and equity investment products and strategies. Our specialization is establishing value-added partnerships with our clients in which we seek to construct and monitor investment strategies that meet their unique objectives. Smith Graham manages approximately $5 billion in fixed income and equity assets for institutional clients.

attendee profiles Alison Catchpole Managing Director/CFO Lauren Larsen Principal Jessica Patton Associate Solera Capital Solera Capital, LLC is a New York-based private equity firm founded in 1999. Solera employs a proactive, research-based approach to identify industries undergoing transformative changes and target companies that are positioned to capitalize on those environments. Solera takes an active role in building its portfolio companies into leadership positions in highly-desirable sectors while maintaining ethical and responsible business practices. Solera’s team is recognized for its value-oriented principles and an investment strategy that delivers creative and thoughtful choices. Solera’s portfolio includes Annie’s, Inc., a leading natural and organic food company; Latina Media Ventures, a major brand in the Hispanic segment; The HealthCaring Company, a pioneer in consumer-focused health care; Yolo Colorhouse, an environmentally responsible paint company; and Calypso St. Barth, an affordable luxury retailer.

Benjamin Hom Managing Director St. Cloud Capital St. Cloud Capital, LLC is a Los Angeles-based private equity firm that provides growth capital to the lower middle market (companies with annual revenues between $10 million and $150 million) throughout North America. St. Cloud typically invests $5 million - $15 million in companies across a wide range of industries in every layer of the capital structure, including senior secured debt, subordinated debt, and preferred and common stock. St. Cloud's investment discipline includes control and non-control investments, and in each case involves partnering with a strong existing management team or experienced industry entrepreneur. St. Cloud has over $200 million of committed capital under management. For more information about St. Cloud Capital, please visit www.stcloudcapital.com.

attendee profiles Amit Basak General Partner Staley Capital Based in Waltham, MA, Staley Capital makes growth equity investments in U.S-based, technology-enabled business services companies that provide “Better/Faster/Cheaper” solutions to enterprise customers. Targeted industry sectors are tightly focused on application software and services in digital media, marketing and advertising, Internet services, retail IT solutions, business process outsourcing (“BPO”), healthcare IT and financial services. The partners are focused exclusively on investing in companies that offer solutions in vertical markets that the team thoroughly understands and that present a compelling, demonstrable value proposition. Central to the implementation of the investment strategy are specific value creation steps: help management accelerate revenue growth and margin expansion, ensure management focus on key priorities, introduce new management talent, and develop a global delivery model when appropriate. Target companies bundle technology and the efficient delivery of services, generate revenue in the range of $5 million to $50 million, and produce rapid growth and expanding profit margins. Staley Capital’s partners have a diverse set of backgrounds and skills, including decades of experience in traditional leveraged buyouts (“LBOs”), venture capital and as senior management in operating companies. The formation of Staley Capital was inspired by the team’s experiences and investment returns generated at TH Lee Putnam Ventures (“THLPV”), where the team honed Staley Capital’s well-defined investment criteria over the course of a decade.

Laura Sachar General Partner StarVest Partners StarVest Partners is a New York-based venture capital firm with $400 million under management that is funding technology-enabled business services companies throughout the U.S. The firm’s value-added partnership maintains a laser focus on five key emerging technology and services sectors: Software as a Service (SaaS), Internet Marketing Services, eCommerce Services, Data Aggregation Services, Security and Risk Management. StarVest combines a sophisticated investment background with the experience to foresee opportunities for both its portfolio companies and funding partners. The firm’s general partners are Deborah A. Farrington, Laura B. Sachar, Jeanne M. Sullivan and Larry A. Bettino. More information about StarVest is available at the company’s Web site: www.starvestpartners.com. Jose Fernandez Partner StepStone Group StepStone is a global private equity firm overseeing more than US$51 billion of allocations, including over US$9 billion of assets under management. The Firm creates customized portfolios for the world’s most sophisticated investors using a highly disciplined research-focused approach that prudently integrates fund, secondary, mezzanine and co-investments. For more information about the firm, its philosophy and services please visit www.StepStoneglobal.com.

attendee profiles Robert Greene Principal Syncom Venture Partners Syndicated Communications Inc (Syncom), was founded in February 1977, with a mission to diversify the ownership of media in the United States. With that vision in mind, investments made by Syncom have fueled the growth of many successful companies, a number of which have become market leaders including BET , Radio One, TV One, and most recently Iridium Satellite. Today, Syncom Venture Partners is aggressively focused on creating the next generation of market leaders within the rapidly growing sectors of digital media, mobile technology, and web based services. We bring the unique, hands on perspective that comes with witnessing the emergence, and now the transformation of traditional, distribution centric media to the digital, content and technology centric media we are presently experiencing. Syncom’s deep domain experience transcends this evolution and positions us to offer unparalleled guidance to our portfolio management teams as they navigate this complex environment. Raul Espejel Managing Member Tempus Quo Capital Management, LLC Tempus Quo Capital Management, LLC is a U.S. Registered Investment Advisor with offices in NY and FL, with $150MM of investors' capital under management. The investment strategy for our managed hedge funds is equity long-short, market/factor neutral with focus on companies operating in Emerging Markets and Global Commodity Markets. All investment decisions are based on bottom-up Fundamental Analysis.

Genevieve Sangudi Managing Director The Carlyle Group The Carlyle Group is a global alternative asset manager with more than $159 billion in assets under management across 94 funds and 63 fund of funds vehicles. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 1,300 professionals operating in 32 offices in North America, South America, Europe, the Middle East, North Africa, Sub-Saharan Africa, Japan, Asia and Australia. We Work For Our Investors: More than 1,400 investors from 73 countries rely on Carlyle to achieve premium returns on their invested capital. Our investors range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Through an array of products and geographic specific-funds, we work to meet the dynamic needs of the world’s most sophisticated investors. Four Business Segments • Corporate Private Equity – buyout and growth capital • Real Assets – real estate, infrastructure and energy and renewable resources • Global Market Strategies – distressed and corporate opportunities, corporate mezzanine, energy mezzanine, hedge funds and structured credit • Fund of Funds Solutions – private equity fund of funds program and related co-investment and secondary activities

attendee profiles Donald Cogsville Founder & CEO The Cogsville Group The Cogsville Group was founded in 2007 as a privately held real estate investment firm focused on generating superior risk adjusted returns through proprietary business plans executed by leading operators. The company has participated in many of the most notable structured transactions in the current economic crisis and has acquired over $3B of distressed commercial real estate loans with leading institutional partners. TCG has experience in public-private transactions with multiple stakeholders as a leading participant in the FDIC’s structured asset sales program and the winning bidder for Starrett City, the nation’s largest federally assisted rental complex. Rob Goodman CEO The Resmark Companies The Resmark Companies is a full-service real estate investment advisor headquartered in Los Angeles. Its three investment and operating divisions finance, acquire, develop and manage real estate in California and the Western United States and other select major metropolitan markets nationwide.

Kathleen Townsend Director The Rock Creek Group The Rock Creek Group is a large multi-billion alternative investment advisor based in Washington DC that provides investment and advisory services to help large investors achieve their return and risk objectives. We serve an international group of endowments, foundations, pension funds, sovereign wealth funds and other institutional investors. Rock Creek grounds its service to clients in an exclusive advanced analytic platform of its own design – Rock Creek Solutions – that facilitates rigorous, timely and well-documented investment decisions. The firm uses its platform to design and implement customized hedge fund and emerging market portfolios through top down asset allocation and selection of asset managers from its extensive in-house database. With decades of financial-market experience, the Rock Creek team brings to these decisions a broad perspective, with globally diverse professionals trained in major investment-related disciplines.

attendee profiles Lisa Edgar Managing Director Melissa Schmidt Investor Relations Manager Garth Timoll Investor Relations Top Tier Capital Partners Top Tier Capital Partners, LLC is a private equity asset management firm managing niche-focused funds of funds and co-investment opportunities. Based in San Francisco, the firm’s history can be traced to 1991, when Philip Paul formed Paul Capital Advisors. The venture capital-focused Top Tier fund of funds practice was launched in 1999 and since that time, the team has raised four discretionary funds of funds with $2.0 billion in cumulative commitments. Top Tier Capital Partners is an SEC Registered Investment Adviser. Top Tier Capital Partner’s funds of funds provide access to the foremost private equity investment opportunities. With a focus on venture capital, the team has developed a specialized selection process designed to identify the top-performing managers across a range of performance metrics. Once these managers are identified, the team uses their historic relationships to gain access and increase allocations to the managers’ funds. Together, the team members have experience with over 100 of private equity funds and sit on 46 fund advisory committees for 23 venture capital firms.

Michelle Davidson Managing Director Torrey Cove TorreyCove is a global alternative investments specialist currently overseeing approximately $18 billion of private equity assets. Our core mission is to partner with our clients to create world class customized investment programs that appropriately mitigate risk and enhance long term performance potential. This mission is implemented through a broad range of customized services and products offered by the Firm. As a client oriented firm, we create value through a combination of private equity market intelligence, objective advice, insightful investment guidance and selection, and innovative investment products. We work with our clients through a variety of customized structures which include: comprehensive advisory engagements, specialized advisory engagements, separate accounts, and fund-of-funds. Within these structures we provide functional activities in the following areas: direct fund investing, secondary fund investing, secondary fund sales, co-investing, direct investing, strategic and tactical planning, investment pacing, market research, investment monitoring and reporting, and other special projects as determined by the needs of our clients. TorreyCove operates globally with through offices in California, Massachusetts, and New York, as well as an affiliate office in Japan.

attendee profiles Andrew Kelsen Vice President-Portfolio Manager Torshen Capital Management Torshen Capital Management (TCM) is a Chicago based, female owned investment advisory firm managing assets for institutions, endowments, family offices and individuals. TCM is the investment manager of the Plymouth Rock Fund, L.P. (PRF). PRF is a diversified hedge fund of funds. The objective of PRF is to achieve substantial, risk-adjusted capital appreciation through diversification across various hedge fund strategies and sub-managers. PRF aims to improve the risk/reward profile of investors overall portfolios through participation in non-traditional investment strategies and has a long history of allocating to emerging hedge fund managers. Erik Miller Partner Uni-World Capital Uni-World Capital is private equity firm focused on making leveraged buyout and growth equity investments in lower-middle market companies. Uni-World currently manages $60 million in assets invests in non-food consumer products, food, value-added manufacturing, financial services, and mission-critical business service industries.

Richmond McCoy President & CEO UrbanAmerica Advisors Mr. Richmond S. McCoy is a nationally recognized real estate executive with over 30 years of diverse real estate transaction-development and asset management experience. He has consummated more than $6billion in transactions. Richmond McCoy is the President & CEO of UrbanAmerica Advisors. The company is a partnership between two established commercial real estate entities—UrbanAmerica, a minority owned registered investment advisor, and Behringer Harvard, which invests in assets domestically and internationally. UrbanAmerica Advisors represents a combined $11 billion of commercial real estate under management. Bolstering UrbanAmerica’s historical core competencies, UrbanAmerica Advisors specializes in assets located in urban centers, as well as properties located in top metro areas nationwide. Most recently UrbanAmerica Advisors formed a partnership with Renaissance Downtowns in the Master Plan Development of downtown areas of the Northeast. The partnership already has achieved Master Developer designation in 4 cities, including Bristol, CT; Hempstead, NY; Huntington, NY and Nashua, NH. Mr. McCoy also serves as President & CEO of UrbanAmerica LP, a $520 million real estate investment advisory company. UrbanAmerica was one of the first real estate companies to focus on acquiring and developing commercial real estate in communities of diversity in major metropolitan markets nationally on behalf of the country’s leading institutional investors. As a result of concentrating its efforts on urban markets, the company has acquired over $2 billion of real estate while providing market rate returns for its investors and creating more than 6,100 jobs for residents of the areas in which the Company has invested. UrbanAmerica LP’s notable list of investors includes the nation’s largest public and private pension funds and the top banks and insurance companies.

attendee profiles Todd Billings CEO US Debt Ventures Management LP US Debt Ventures (USDV) is one of the first private equity firms launched out of the real estate crisis to take advantage of the unprecedented opportunity, our management team and sponsors have been managing distressed loan and real estate portfolios since 2009 and officially formed US Debt Ventures the following year. USDV is actively managing distressed residential non-performing and performing mortgages in the United States. In most cases we are investing in mortgages where the borrower has stopped making mortgage payments due to lack of funds or to take a strategic default stemming from a lack of equity. We are able to buy these mortgages at a deep discount on the unpaid balances on the loans and also below the current property values. In many cases USDV is involved in a sealed bidding process with other parties. In other cases, USDV is able to negotiate directly with the seller in a private market trade. USDV currently manages over 7,000 loans and REO assets and is actively pursuing new deals and funds. We receive daily offers to dispose of properties we hold and use an in-house database to analyze the related loan cost and proposed return calculations under each offer scenario. The disposition option is analyzed on a loan-by-loan basis and USDV pursues the highest yielding strategy to maximize portfolio returns. USDV also contracts and manages the various vendors related to loan and REO management, which include loan servicers, fund administrators and/or portfolio accountants, loan collateral file custodians, REO asset managers, auditors, and attorneys.

Sabrina Gracias Director of Client Service Valor Equity Partners Founded in 2001, Valor Equity Partners is a lower-middle market private equity firm based in Chicago. We identify business building opportunities in growth industries and across investment stages in both control and non-control investments. We seek to utilize our extensive operational expertise to drive growth through internal activities or add-on acquisitions of synergistic companies using little or no leverage. Phillip Isom Partner Willkie Farr & Gallagher LLP Robert Bernstein Managing Director Windham Capital Management, LLC Windham is an employee owned firm that has been managing client assets since 2009. We currently have approx. $700mm in AUM. The firm was founded by Mark Kritzman in 1988 as a research think-tank structured to study risk in the market. Mark and the team have led the research and development of proprietary measures of financial turbulence (abnormal movement of assets classes in distinct market environments), systemic risk (detection of hidden linkages of risk across the broader economy) and asset selection & allocation. Individually, these measures have won multiple prestigious awards including the Graham and Dodd Award on three separate occasions and the Bernstein-Fabozzi/Jacobs-Levy Award three separate times. Collectively, these components serve as the building blocks of our Global Tactical Asset Allocation strategy that was launched on March 1, 2010. Our objective is to equalize risk through time, rather than pair risks.