SBIC Licensees Located in South Dakota on October 7, 2009
    
Bluestem Capital Partners III, L.P.
	    
	Sandy Horst, Contact
	122 S. Phillips Ave.
	Suite 300
	Sioux Falls, SD  57104
	Phone:	(605)331-0091	Fax:	(605)334-1218
	Email:	shorst@bluestemcapital.com
	    
	INVESTMENT CRITERIA
	INVESTMENT SIZE RANGE
	Preferred Min:	$500,000
	Preferred Max:	$4,000,000
	    
	TYPE OF CAPITAL PROVIDED
	Equity
	    
	FUNDING STAGE PREFERENCE
	Early Stage
	Later Stage
	    
	INDUSTRY PREFERENCE
	No preference
	    
	GEOGRAPHIC PREFERENCES
	Midwest
	National
	    
	DESCRIPTION OF FIRM'S FOCUS
	Invests in mostly mid to late stage, basic
	industry private equity projects.  Looks for
	proven entrepreneurs operating in their
	area of expertise with a product that has
	a niche or some type of sustainable
	advantage.