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SBIC Directory

The Small Business Investment Company (SBIC) Program works with private investment funds licensed as SBICs to provide growth capital to U.S. small businesses. Although SBICs regulated by SBA, they are private, profit-seeking investment companies that make independent investment decisions. This directory will provide you with the contact information needed to learn more about the SBIC Licensees in your state.

Explanation of Directory Information

Details on each SBIC listed below include the following information:

Preferred Investment Size: The amount the SBIC is willing to invest or loan.

Investment Policy: The type of investment the SBIC is willing to make (for example, loans, equity or debt with equity features).

Investment Type: The various stages of financing that the SBIC is willing to fund (for example, seed, start-up, early stage, expansion financing, later stage financing, or managed buyout, leveraged buyout or acquisition).

Industry Preference: Type of industry or industries the SBIC is interested in financing. Usually based on the knowledge and experience of the SBIC's management.

Geographic Preference: The area of the United States where the SBIC prefers to make financing.

Regulatory Capital: A Licensee's private paid-in capital and surplus or private partners' contributed capital (excluding non-cash contributions), plus unfunded binding commitments from institutional investors.

Leverage from SBA: A Licensee's outstanding debentures, participating securities or preferred stock guaranteed or purchased by SBA.

Capital Resources: The sum of a Licensee's regulatory capital and leverage from SBA.

SBIC Licenses by State

Alabama
Alaska
American Samoa
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida

Georgia
Guam
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine

Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey

New Mexico
New York
North Carolina
North Dakota
Northern Marianas Islands
Ohio
Oklahoma
Oregon
Pennsylvania
Puerto Rico
Rhode Island

South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Virgin Islands
Washington
West Virginia
Wyoming
Wisconsin

 

 

All SBIC Licensees on October 2, 2014

Alaska

There are no SBIC Licensees currently located in Alaska

Harbert Mezzanine Partners II SBIC, L.P. Rob Bourquin Contact

2100 Third Avenue North, Suite 600

Birmingham, AL 35203

Phone:(615)301-6389 Fax: (615)301-6401

Email: abrown@harbert.net

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Hickory Venture Capital Corporation

301 Washington Street, NW Suite 100

Huntsville, AL 35801

Email: tomnoojin@noojincompany.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

All SBIC Licensees on October 2, 2014

Alabama

Harbert Mezzanine Partners II SBIC, L.P. Rob Bourquin Contact

2100 Third Avenue North, Suite 600

Birmingham, AL 35203

Phone: (615)301-6389 Fax: (615)301-6401

Email: abrown@harbert.net

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Hickory Venture Capital Corporation

301 Washington Street, NW Suite 100

Huntsville, AL 35801

Email: tomnoojin@noojincompany.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Arizona

Grayhawk Venture Fund I, L.P. Sherman Chu, Contact

5050 N 40th Street, Suite 380

Phoenix, AZ 85018

Phone: (602)956-8700 Fax: (602)956-8080

Email: schu@grayhawkcapital.us

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Grayhawk Venture Fund II, L.P.

Sherman Chu

5050 N 40th Street.,Suite 380

Phoenix, AZ 85018

Phone: (602)956-8700 Fax: (602)956-8080

Email: schu@grayhawkcapital.us

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Trinity Capital Fund II, L.P. Steven L. Brown

2121 Chandler Boulevard., Suite 103

Chandler, AZ 85224

Phone: (480)374-5350 Fax: (480)247-5099

Email: sbic@trincapinvestment.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0

DESCRIPTION OF FIRM'S FOCUS

Arkansas

Diamond State Ventures II, L.P.

Joe T. Hays, Managing Director

200 River Market Avenue Suite 400

Little Rock, AR 72201

Phone: (501)374-9247 Fax: (501)374-9425

Email: jhays@arcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Diamond State Ventures III, L.P.

Joe T. Hays, Managing Director

200 River Market Avenue Suite 400

Little Rock, AR 72201

Phone: (501)374-9247 Fax: (501)374-9425

Email: jhays@arcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

California

Alpine Investors IV SBIC, LP Tara Baker, Contact

3 Embarcadero Center, Suite 2330

San Francisco, CA 94111

Phone: (415)591-1323 Fax: (415)392-9101

Email: tbaker@alpine-investors.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $10,000,000 Preferred Max: $20,000,000

Alpine Investors V SBIC, LP

Graham Weaver

3 Embarcadero Center, Suite 2330 San Francisco, CA 94111

Phone: (415)591-1301 Fax: (415)392-9101

Email: gweaver@alpine-investors.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Avante Mezzanine Partners SBIC, L.P.

Clifford A. Lyon, Contact 11150 Santa Monica Blvd Suite 1470

Los Angeles, CA 90025

Phone: (310)667-9242 Fax: (310)728-1755

Email: clyon@avantemezzanine.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $6,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Debt 87%;

Equity 13%,

FUNDING STAGE REFERENCES

Change of control 50% Later Sage 40%;

Expansion 10%

INDUSTRY PREFERENCE

Services 45%; Technology 5%;

Life Science 5%;Manufacturing 10%; Mark Spellman

GEOGRAPHIC PREFERENCES

California 50%

other Western U.S. 50%

DESCRIPTION OF FIRM'S FOCUS

2 tiers of debenture leverage

Celerity Partners SBIC, L.P. Clifford A. Lyon, Contact

11150 Santa Monica Boulevard, Suite 1470 Los Angeles, CA 90025

Fax: (310)728-1755

Email: kraus@celeritypartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

Central Valley Fund II (SBIC), LP (The)

Edward F. McNulty

1590 Drew Avenue, Suite 110

Davis, CA 95618

Phone: (530)757-7004 Fax: (530)757-1316

Email: emcnulty@centralvalleyfund.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Champlain Capital Partners II, L.P. Dennis M. Leary, Contact

One Post Street

Suite 925

San Francisco, CA 94104

Phone: (415)288-4181 Fax: (415)362-3211

Email: dleary@champlaincapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Champlain Capital Partners, L.P.

Dennis M. Leary, Contact One Post Street

Suite 925

San Francisco, CA 94104

Phone: (415)661-2500 Fax: (415)362-3211

Email: dleary@champlaincapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Hercules Technology II, L.P. Dorian Momsen, Contact

400 Hamilton Avenue, Suite 310 Palo Alto, CA 94301

Phone: (650)289-3072 Fax: (650)473-9194

Email: dmomsen@herculestech.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Hercules Technology III, LP

Dorian Momsen, Contact

400 Hamilton Avenue, Suite 310 Palo Alto, CA 94301

Phone: (650)289-3072 Fax: (650)473-9194

Email: dmomsen@herculestech.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Invision Capital I, L.P.

26 Orange Blossom Circle, Suite 10 Ladera Ranch, CA 92694

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Labrador Ventures V-B, L.P.

Sean Foote, Contact

535 Middlefield Road, Suite 190 Menlo Park, CA 94025

Phone: (650)366-6000 Fax: (650)366-6430

Email: lkubal@labrador.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

Levine Leichtman Capital Partners SBIC Fund, L.P. Steven E. Hartman, Contact

335 North Maple Drive, Suite 130

Beverly Hills, CA 90210

Phone: (310)275-5335 Fax: (310)275-335

Email: shartman@llcp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Multiplier Capital, LP

Ray Boone

815 Moraga Drive Los Angeles, CA 90049

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

DESCRIPTION OF FIRM'S FOCUS

Pivotal Capital Fund, LP Renee Baker

2882 Sand Hill Road, Suite 100

Menlo Park, CA 94025

Phone:(650)233-5402 Fax:(650)299-9494

Email: renee@pivotalcp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Rembrandt Venture Partners II, L.P.

Gerald S. Casilil, Contact 2440 Sand Hill Road, Suite 100 Menlo Park, CA 94025

Phone: (650)326-7070 Fax: (650)326-3780

Email: jcasilli@rembrandtvc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Shepherd Ventures II, L.P. George C. Kenney, Contact

11696 Sorrento Valley Road, Suite 203

San Diego, CA 92121

Phone: (858)509-4744 Fax: (858)509-3662

Email: tom@shepherdventures.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Silver Lake Waterman Fund, L.P.

Thomas Conneely, VP Operations 2775 Sand Hill Road

Suite 100

Menlo Park, CA 94025

Phone: (415)525-8705 Fax: (415)293-4365

Email: Tom.Conneely@SilverLake.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TCPC SBIC, LP

Rajneesh Vig

2051 28th Street, Suite 1000 Santa Monica, CA 90405

Phone: (310)566-1041 Fax: (310)899-4950

Email: Raj.Vig@TennenbaumCapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Telegraph Hill Partners SBIC, L.P. Robert G. Shepler, Contact

360 Post Street, Suite 601 San Francisco, CA 94108

Phone:(415)765-6980 Fax:(415)765-6983

Email: rgs@thpartners.net

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Equity capital

FUNDING STAGE REFERENCES

Companies are already commercial with revenues Capital to be used for growth.

INDUSTRY PREFERENCE

Life sciences, healthcare, medical devices, diagnostics, chemistries, healthcare IT, animal health, plant science

GEOGRAPHIC PREFERENCES

Throughout U.S.

DESCRIPTION OF FIRM'S FOCUS

Life science and healthcare companies with proven business models.

The company should have revenues from unique leading products and show strong growth

and a path to profitability if not already profitable.

Ticonderoga SBIC, L.P.

258 Hamilton Avenue, 3rd Floor Palo Alto, CA 94301

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Tregaron Opportunity Fund I, L.P.

Todd Collins, Contact

300 Hamilton Avenue, 4th Floor Palo Alto, CA 94301

Phone: (650)403-2084 Fax: (650)618-2550

Email: collins@tregaroncapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Tregaron Opportunity Fund II, L.P. Todd Collins

300 Hamilton Avenue, 4th Floor

Palo Alto, CA 94301

Phone: (650)403-2084 Fax: (650)618-2550

Email: collins@tregaroncapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Walden Venture Capital VIII SBIC, L.P.

Art Berliner

750 Battery Street, 7th Floor San Francisco, CA 94111

Phone: (415)273-4242 Fax: (415)391-7262

Email: matt@waldenvc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Connecticut

Balance Point Capital Partners, L.P. Seth W. Alvord, Contact

8 Church Lane, Suite 200 Westport, CT 06880

Phone: (203)652-8260 Fax: (203)716-9828

Email: salvord@balancepointcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

FUNDING STAGE REFERENCES

Brookside Mezzanine Fund II, L.P.

David D. Buttolph, Corey Sclar, Contact

201 Tresser Boulevard, Suite 330 Stamford, CT 06901-3435

Phone: (203)595-4530 Fax: (203)618-0984

Email: csclar@brooksidemp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $4,000,000 Preferred Max: $15,000,000

TYPE OF CAPITAL PROVIDED

Mezzanine

FUNDING STAGE REFERENCES

Later; revenues over

$15,000,000.

INDUSTRY PREFERENCE

None

GEOGRAPHIC PREFERENCES

United States

DESCRIPTION OF FIRM'S FOCUS

The firm takes a long-term partnership based approach to our mezzanine investments. We focus on middle market manufacturing, businesses services, consumer products and healthcare companies nationwide.

Brookside Mezzanine Fund III, L.P. David D. Buttolph

201 Tresser Boulevard, Suite 330 Stamford, CT 06901-3435

Phone: (203)595-4530 Fax: (203)618-0984

Email: csclar@brooksidemp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0

Preferred Max: $0 TYPE OF CAPITAL PROVIDED FUNDING STAGE

DESCRIPTION OF FIRM'S FOCUS

Brookside Pecks Capital Partners, L.P.

David D. Buttolph, Corey Sclar; Contact

201 Tresser Boulevard, Suite 330 Stamford, CT 06901-3435

Phone: (203)595-4530 Fax: (203)618-0984

Email: csclar@brooksidemp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $6,500,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt

FUNDING STAGE REFERENCES

Acquisition Expansion Recapitalizations MBO

INDUSTRY PREFERENCE

Manufacturing Service

Value-Added Distribution

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Provides subordinated debt investments to profitable later-stage companies.

Equinox Capital SBIC, L.P. Steven C. Rodger, Contact

41 West Putnam Avenue Greenwich, CT 06830

Phone: (203)622-1605 Fax: (203)622-4684

Email: scr@equinoxcapitalinc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

DESCRIPTION OF FIRM'S FOCUS

First New England Capital III, L.P.

Richard C. Klaffky, President

100 Pearl Street Hartford, CT 06103

Phone: (860)293-3333 Fax:(860)293-3338

Email: rklaffky@fnec.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

First New England Capital, LP Richard C. Klaffky, President

100 Pearl Street

Hartford, CT 06103

Phone: (860)293-3333 Fax: (860)293-3338

Email: rklaffky@fnec.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $500,000 Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt Equity

FUNDING STAGE REFERENCES

Expansion Later Stage Acquisition

INDUSTRY PREFERENCE

Manufacturing Distribution Service

GEOGRAPHIC PREFERENCES

Northeast

DESCRIPTION OF FIRM'S FOCUS

Provides subordinated debt and

equity capital to later stage companies for expansion and acquisition.

Target companies with revenues of at least $5 million and profitability at the time of investment.

GarMark SBIC Fund, L.P.

E. Garrett Bewkes

One Landmark Square, Floor 6 Stamford, CT 06901

Phone: (203)325-8500 Fax: (203)325-8522

Email: egbewkes@garmark.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Ironwood Mezzanine Fund II LP Marc A. Reich, Contact

45 Nod Road

Email: reich@ironwoodcap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $5,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Subordinated debt w/warrants Preferred Stock

FUNDING STAGE REFERENCES

Later Stage

INDUSTRY PREFERENCE

Business Services

Value-Added Manufacturing Environmental Services Recurring Rev. Businesses

GEOGRAPHIC PREFERENCES

East of the Mississippi River

DESCRIPTION OF FIRM'S FOCUS

Ironwood Mezzanine Fund III-A LP Marc A. Reich, Contact

45 Nod Road Avon, CT 06001

Phone: (860)409-2101 Fax: (860)409-2120

Email: reich@ironwoodcap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

MSR I SBIC, L.P.

Daniel A. Levinson

One Morningside Drive North Building B, 2nd Floor Westport, CT 06880

Phone: (203)227-5320 Fax: (203)227-5312

Email: mr@mainstreetresources.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE REFERENCES

Growing stage

INDUSTRY PREFERENCE

$1 million to $10 million four investments each year

GEOGRAPHIC PREFERENCES

Northeast region of U.S. New York, New Jersey Connecticut, Massachusetts

DESCRIPTION OF FIRM'S FOCUS

value approach, no industry focus

New Canaan Funding Mezzanine V SBIC, LP Mark Thies

21 Locust Avenue, Suite 1C New Canaan, CT 06840

Phone: (203)966-1071 Fax: (203)966-1081

Email: mthies@newcanaanfunding.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Southfield Mezzanine Capital LP

Steven A. Axel

53 Greenwich Avenue, 2nd Floor Greenwich, CT 06830

Phone: (203)813-4100 Fax: (203)813-4141

Email: saxed@southfieldcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Delaware

Innovation Ventures, L.P.

David J. Freschman, Contact 1601 Concord Pike, Suite 8284

Wilmington, DE 19803

Phone: (302)777-1616 Fax: (302)777-1620

Email: djf@innovationcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

District of Col.

Core Capital Partners II-S, L.P.

William Dunbar, Contact 1717 K Street, NW Suite 920

Washington, DC 20006-

Phone: (202)589-0090 Fax: (202)589-0091

Email: rklueger@core-capital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

McLarty Capital Partners SBIC, L.P.

Christopher D. Smith

900 Seventeenth Street, NW, Suite 800

Washington DC, 20006

Phone:(202)419-7098 Fax:(202)419-1421

Email: SBA@mclartycapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Florida

Ballast Point Ventures III, L.P. Paul Johan

880 Carillon Parkway

St. Petersburg, FL 33716

Phone: (727)567-1500 Fax: (727)567-1515

Email: pjohan@ballastpointventures.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Banyan Mezzanine Fund II, L.P.

John A. Miller, Contact

1111 Brickell Avenue, Suite 1300

Miami, FL 33131

Phone: (305)755-0376 Fax: (305)755-0377

Email: jmiller@banyanmezzanine.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Banyan Mezzanine Fund, L.P. John A. Miller, Contact

P.O. Box 45-0963

Miami, FL 33245-0963

Phone: (305)755-0376 Fax: (305)755-0377

Email: lmarler@banyanmezzanine.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

No Start-Ups

FUNDING STAGE REFERENCES INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

Does not invest in start-ups, real estate, oil/energy, or turnarounds. Requires min EBITDA of $1mm and revenues of $10mm.

CapitalSouth Partners Fund II, L.P. David Reed

712 South Oregon Avenue, Suite 200

Tampa, FL 33606-

Phone: (813)202-8128 Fax: (813)835-4197

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

KLH Capital Fund II, L.P. James B. Darnell, Contact

601 Bayshore Boulevard., Suite 850

Tampa, FL 33606

Phone: (813)222-0160 Fax: (813)222-0161

Email: chris@klhcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

REFERENCES

INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Penta Mezzanine SBIC Fund I, L.P.

Rebecca Irish - Managing Principal/CFO

20 North Orange Avenue, Suite 1550 Orlando, FL 32801

Phone: (407)648-5097 Fax: (407)641-9286

Email: rirish@pentamezz.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Stonehenge Growth Equity Fund, L.P. Steven F. Lux

707 West Azeele Street Tampa, FL 33606

Phone: (813)221-8302 Fax: (813)221-6453

Email: sflux@stonehengegc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Georgia

Chatham SBIC Fund IV, L.P. Brian G. Reynolds

400 Galleria Parkway, Suite 1950

Atlanta, GA 30339

Phone: (770)618-2100 Fax: (770)618-2101

Email: br@chathamcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Chatham SBIC Fund QP IV, L.P.

Brian G. Reynolds

400 Galleria Parkway, Suite 1950 Atlanta, GA 30339

Phone: (770)618-2100 Fax: (770)618-2101

Email: tk@chathamcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

EGL/NatWest Equity Partners USA, L.P. Salvatore Massaro, Manager

3495 Piedmont Road

Building 11, Suite 412

Atlanta, GA 30305

Phone: (404)949-8303 Fax: (404)795-0976

Email: samassaro@eglholdings.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: Preferred Max:

Noro-Moseley Partners SBIC, LP

William L. Hudson

4200 Northside Parkway, Building 9

Atlanta, GA 30327

Phone: (404)233-1966 Fax: (404)239-9280

Email: whudson@noromoseley.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Peachtree II, L.P.

David Christopher, Contact 1230 Peachtree Street NE Suite 1900

Atlanta, GA 30309

Phone: (404)870-8900 Fax: (404)870-8191

Email: david@peachtreeequity.com INVESTMENT CRITERIA

INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt Preferred Equity

FUNDING STAGE REFERENCES

Expansion Later Stage Acquisition

INDUSTRY PREFERENCE

Manufacturing Distribution

Service, Financial Services (non lending), Government Contracting

GEOGRAPHIC PREFERENCES

East/Southeast

DESCRIPTION OF FIRM'S FOCUS

Peachtree II provides subordinated debt and equity securities to middle market companies seeking capital for growth,expansion, acquisition, or shareholder liquidity.

Salem Halifax Capital Partners, L.P. Spalding White

2849 Paces Ferry Road Overlook I, Suite 660 Atlanta, GA 30339

Phone: (770)790-5034 Fax: (770)790-5104

Email: swhite@salemcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt Mezzanine Equity

FUNDING STAGE REFERENCES

Later Stage / Expansion

INDUSTRY PREFERENCE

Manufacturing Light Industrial

Business Services Distribution Healthcare

GEOGRAPHIC PREFERENCES

Southeast, Southwest Midwest, Mid-Atlantic

DESCRIPTION OF FIRM'S FOCUS

Provides capital for growth, expansion, acquisition, LBO, MBO to rapidly growing companies with historical

positive cash flow of $1 million or more and sales of $5-$75 million.

White Oak SBIC Fund, L.P.

Christopher C. Melton, Contact 5665 New Northside Drive

Suite 500

Atlanta, GA 30328

Phone: (678)909-4660

Email: Chris@thewhiteoakgroup.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $1,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Controlled Equity Positions

FUNDING STAGE REFERENCES

Growth

INDUSTRY PREFERENCE

Aerospace and Defense

GEOGRAPHIC PREFERENCES

Eastern United States

DESCRIPTION OF FIRM'S FOCUS

We focused on making controlled equity investments in the C4ISR sector of the Aerospace and Defense Industry.

Illinois

Aldine Capital Fund II, L.P. Michael J. Revord

30 West Monroe Street, Suite 710

Chicago, IL 60603

Phone: (312)346-3950 Fax: (312)346-3930

Email: mrevord@aldinecapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Aldine SBIC Fund, L.P.

Albert L. Brahm, Contact

30 West Monroe Street Suite 710

Chicago, IL 60603

Phone: (312)346-3950 Fax: (312)346-3930

Email: bbrahm@aldinecapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $8,000,000

TYPE OF CAPITAL PROVIDED

Mezzanine and Equity

FUNDING STAGE REFERENCES

Growth or Late Stage

INDUSTRY PREFERENCE

Will not pursue turnaround

or early stage situations, real estate, finance or insurance.

GEOGRAPHIC PREFERENCES

Nationwide w/Midwest focus

DESCRIPTION OF FIRM'S FOCUS

Alpha Capital III SBIC, L.P.

Andrew H. Kalnow, Contact

122 South Michigan Avenue Suite 1700

Chicago, IL 60603

Phone: (312)322-9800 Fax: (312)322-9808

Email: AHKalnow@alphacapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

BA Capital Company, L.P. Emili de la Cruz

135 S. LaSalle Street, 8th Floor Mail Code IL4-135-08-13

Chicago, IL 60603

Phone: (312)828-8625 Fax: (312)453-3855

Email: gregory.costigan@bankofamerica.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $40,000,000 Preferred Max: $150,000,000

TYPE OF CAPITAL PROVIDED

Equity

Sub. Debt w/Warrants

FUNDING STAGE REFERENCES

Later Stage Expansion MBO

LBO

Acquisition

INDUSTRY PREFERENCE

Healthcare, Information Technology, Media & Entertainment, Retail, Energy Telecommunications, Power Financial Services, Industrials

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Invests in middle market companies as well as smaller, higher growth firms in a broad array of industries. Provide venture & risk capital for growth financings, buyouts, acquisitions, recapitalizations & other situations requiring equity.

Banc of America Capital Investors SBIC, L.P. Emili de la Cruz, 312-828-8685

135 S. LaSalle Street, 8th Floor Mail Code IL4-135-08-13

Chicago, IL 60603

Phone: (704)944-0966 Fax: (704)944-0973

Email: gregory.costigan@bankofamerica.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $40,000,000 Preferred Max: $150,000,000

TYPE OF CAPITAL PROVIDED

Equity

Sub. Debt w/Warrants

FUNDING STAGE REFERENCES

Later Stage Expansion MBO

LBO

Acquisition

INDUSTRY PREFERENCE

Healthcare, Information Technology, Media & Entertainment, Retail, Energy Telecommunications, Power Financial Services, Industrials

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Invests in middle market companies as well as small, higher growth firms in a broad array of industries. Provide venture & risk capital for growth financings, buyouts, acquisitions, recapitalizations and other

situations requiring equity.

BancAmerica Capital Investors SBIC II, L.P. Emili de la Cruz, 312-828-8685

135 S. LaSalle Street, 8th Floor Mail Code IL4-135-08-13

Chicago, IL 60603

Phone: (312)828-2287 Fax: (312)923-0668

Email: gregory.costigan@bankofamerica.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: Preferred Max:

BancBoston Ventures, Incorporated Gregory Costigan

135 S. LaSalle Street, 8th Floor

Mail Code IL4-135-08-13

Chicago, IL 60603

Phone: (704)683-5741 Fax: (704)388-2746

Email: gregory.costigan@bankofamerica.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $1,000,000 Preferred Max: $20,000,000

TYPE OF CAPITAL PROVIDED

Equity Mezzanine

FUNDING STAGE REFERENCES

Early Stage Expansion Later Stage

INDUSTRY PREFERENCE

Healthcare Media

Communications Information Technology Diversified

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

CapX Fund IV, L.P.

Jeffry S. Pfeffer, Contact

155 N. Wacker Drive, Suite 1760 Chicago, IL 60606

Phone: (312)629-2878 Fax: (312)629-2874

Email: jspfeffer@capxpartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

CFB Venture Fund L.P.

Dan W. O' Connell

120 S. Riverside, Suite 2160

Chicago, IL

Phone:

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Channel Medical Partners, L.P.

Carol Winslow

1210 Chicago Avenue, Suite 703

Evanston, IL 60202

Phone: (847)779-1502 Fax: (847)779-1535

Email: cwinslow@chanmed.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE REFERENCES INDUSTRY PREFERENCE

Medical Technology

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Dunrath Capital Infrastructure Surety Fund, L.P. John Abernethy, Contact

701 Harger Road

Suite 150

Oak Brook, IL 60523

Phone: (312)546-4700 Fax: (312)386-9454

Email: steve@dunrath.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Fidus Mezzanine Capital II, L.P.

Edward H. Ross, Contact

1603 Orrington Avenue, Suite 1005

Evanston, IL 60201

Phone: (847)859-3941 Fax: (847)859-3953

Email: eross@fidusinv.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Email: eross@fiduspartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $4,000,000 Preferred Max: $15,000,000

TYPE OF CAPITAL PROVIDED

Loans, Debt Equity

Co-investment (non-control)

FUNDING STAGE REFERENCES

Later Stage

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

Midwest Northeast Southeast

DESCRIPTION OF FIRM'S FOCUS

Fidus Mezzanine provides flexible junior

capital solutions to support growth and value creation strategies of middle market companies.

Freeport Financial SBIC Fund LP Joseph V. Walker

300 North La Salle, Suite 5300 Chicago, IL 60654

Phone: (312)281-4609 Fax: (312)589-3002

Email: jwalker@freeportfinancial.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Granite Creek FlexCap I, L.P. Mark A. Radzik, Contact

222 West Adams, Suite 1980 Chicago, IL 60606

Phone: (312)895-4503 Fax: (312)895-4509

Email: Mark@GraniteCreek.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $4,000,000 Preferred Max: $6,000,000

TYPE OF CAPITAL PROVIDED

Debt or debt/equity securities

FUNDING STAGE REFERENCES

Later Stage/Growth

INDUSTRY PREFERENCE

Business services Consumer products Distribution Manufacturing Healthcare

GEOGRAPHIC PREFERENCES

National with a focus on the midwest.

DESCRIPTION OF FIRM'S FOCUS

Mezzanine and equity investment opport- unities in middle market, small business with minimum revenues of $10 million, positive EBITDA, and a scalable business operating model.

High Street Capital IV SBIC, L.P. Joseph R. Katcha, Contact

150 North Wacker Drive, Suite 2420 Chicago, IL 60606

Phone: (312)423-2650 Fax: (312)267-2861

Email: joe@highstreetcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Debt-60% Equity-40%

FUNDING STAGE REFERENCES

Change of Control-90% Later Stage-10%

INDUSTRY PREFERENCE

Healthcare/Life Sciences-20% Manufacturing-20% Distribution-20%

Services-40%

GEOGRAPHIC PREFERENCES

Northeast-10% Midwest-50% Southeast-30% Southwest-10%

DESCRIPTION OF FIRM'S FOCUS

Value Added via active Asset Managers Help Build the company and EBITDA via

strategy refinement, building the management team, and improving operational

performance.

Invision Capital I, L.P.

Robert J. Castillo, Contact

225 W. Washington Street, Suite 1155 Chicago, IL 60606

Phone: (312)236-4600 Fax: (312)893-3841

Email: rcastillo@invisioncapitalgroup.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

LaSalle Capital Group II-A, L.P.

Andrew Shackelford, Contact

70 W Madison Street, Suite 5710

Chicago, IL 60602-4370

Phone:(312)236-7041 Fax: (312)236-0720

Email: ashackelford@lasallecapitalgroup.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

MidWest Mezzanine Fund V SBIC, L.P.

Paul Kreie

55 W. Monroe Avenue, Suite 3650 Chicago, IL 60603

Phone: (312)291-7303 Fax: (312)345-0665

Email: pkreie@mmfcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

MK Capital SBIC, L.P.

Bret R. Maxwell, Contact

1033 Skokie Boulevard, Suite 430

Northbrook, IL 60062

Phone: (312)324-7703 Fax: (312)324-7713

Email: bmaxwell@mkcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Monroe Capital Corporation SBIC, LP

Ted Koenig, Contact

311 S. Wacker Drive, Suite 6400 Chicago, IL 60606

Phone: (312)523-2360 Fax: (312)258-8350

Email: tkoenig@monroecap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Monroe Capital Partners Fund II, LP Ted Koenig, Contact

311 S. Wacker Drive, Suite 6400

Chicago, IL 60606

Phone: (312)523-2360 Fax: (312)258-8350

Email: tkoenig@monroecap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

DESCRIPTION OF FIRM'S FOCUS

Monroe Capital Partners Fund LP Ted Koenig, Contact

311 S. Wacker Drive, Suite 6400 Chicago, IL 60606-6710

Phone: (312)523-2360 Fax: (312)258-8350

Email: tkoenig@monroecap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Email: robert@prismfund.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

Vogen Funding, L.P.

Jeffry S. Pfeffer, Contact

155 N. Wacker Drive, Suite 1760

Chicago, IL 60606

Phone: (312)629-2878 Fax: (312)629-2874

Email: jspfeffer@capxpartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Equipment Leases Loans

Secured Mezzanine

FUNDING STAGE REFERENCES

Late Stage Venture Growth Capital Buyout

INDUSTRY PREFERENCE

Manufacturing Distribution Technology/Telecom Business Services

GEOGRAPHIC PREFERENCES

National Footprint

DESCRIPTION OF FIRM'S FOCUS

CapX Partners, founded in 1999, is a equip- ment financing and secured mezzanine fund focusing on transaction sizes of $2-$10m for private equity and venture backed portfolio companies. CapX is investing out of its

$150m third fund (Vogen).

VPC SBIC I, LP

Brendan Carroll

227 W. Monroe, Suite 3900 Chicago, IL 60606

Phone: (312)701-0785 Fax: (312)701-0794

Email: jschneider@vpcadvisors.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

REFERENCES

INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Indiana

1st Source Capital Corporation David Bergevin

4th Floor

South Bend, IN 46634

Phone: (574)235-2416 Fax: (574)235-2227

Email: BergevinD@1stsource.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $300,000 Preferred Max: $600,000

TYPE OF CAPITAL PROVIDED

Equity

Debt with Equity

FUNDING STAGE REFERENCES

Later Stage Expansion Acquisitions MBO

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

Midwest

DESCRIPTION OF FIRM'S FOCUS

Financings sought include second/third stage financings for companies with significant growth potential, acquisitions, management buyouts, and transfers of ownership.

Of primary interest are companies involved in manufacturing, sales or distribution.

Cambridge Ventures, LP

Ms. Jean Wojtowicz, President 4181 East 96th Street

Suite 200

Indianapolis, IN 46240

Phone: (317)814-6192 Fax: (317)844-9815

Email: jwojtowicz@cambridgecapitalmgmt.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $100,000 Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Subordinate Debt Equity

Debt

FUNDING STAGE REFERENCES

Expansion Acquisition MBO

INDUSTRY PREFERENCE

Diversified Manufacturing

GEOGRAPHIC PREFERENCES

Within 200 miles of IN

DESCRIPTION OF FIRM'S FOCUS

Prefers to invest in companies that are cash flow positive, in need of growth, expansion or acquisition capital.

CCP III-SBIC, L.P.

D. Scott Lutzke

10 West Market Street, Suite 3030 Indianapolis, IN 46204

Phone: (317)237-2321 Fax: (317)237-2325

Email: scott@centerfieldcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Centerfield Capital Partners, L.P.

D. Scott Lutzke, Contact 3030 Market Tower

10 West Market Street Indianapolis, IN 46204

Phone: (317)237-2323 Fax: (317)237-2325

Email: SCOTT@centerfieldcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Iowa

AAVIN Equity Partners I, L.P. James D. Thorpe, Contact

118 Third Avenue, SE, Suite 630 Cedar Rapids, IA 52401

Phone:

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $500,000 Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Equity Subordinated Debt

FUNDING STAGE REFERENCES

20% Developmental

40% Expansion

5% Turnaround

35 %Growth

INDUSTRY PREFERENCE

Manufacturing Consumer Healthcare Technology

GEOGRAPHIC PREFERENCES

MidWest

DESCRIPTION OF FIRM'S FOCUS

Manufacturing

Consumer Products / Services Heathcare

Technology Other

Lewis & Clark Private Equities, L.P. David R. Schroder, Contact

3349 Southgate Court SW Suite 102 Cedar Rapids, IA 52404

Phone: (319)363-8249 Fax: (319)363-9683

Email: mbenge@investam.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $500,000 Preferred Max: $2,500,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt Preferred Stock Equity

FUNDING STAGE REFERENCES

Growth and Later Stage

INDUSTRY PREFERENCE

Manufacturing Service Distribution Technology

GEOGRAPHIC PREFERENCES

United States

DESCRIPTION OF FIRM'S FOCUS

Invest in growth and later stage manu- facturing, service, distribution, and technology businesses with from $10 to $50 million in sales, both growth and buyout financing throughout U.S. However, the Fund is now fully invested.

North Dakota SBIC, L.P.

David R. Schroder, Manager

3349 Southgate Court SW, Suite 102 Cedar Rapids, IA 52404

Phone:

(319)363-8249 Fax:

(319)363-9683

Email:

mbenge@investam.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $500,000 Preferred Max: $750,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt Preferred Stock-Warrants Equity

FUNDING STAGE REFERENCES

Expansion Later Stage

INDUSTRY PREFERENCE

Manufacturing Service Distribution

GEOGRAPHIC PREFERENCES

North Dakota South Dakota Minnesota Montana National

DESCRIPTION OF FIRM'S FOCUS

Invests nationally in growth and later stage manufacturing, service, and distribution businesses with $5 to $40 million in sales seeking $1 to $7 million in equity or near equity financing to fund growth or buyouts. Focused on ND & contiguous states.

Kansas

Kansas Venture Capital, Inc.

Marshall D. Parker

10601 Mission Road, Suite 250

Leawood, KS 66206

Phone: (913)262-7117 Fax: (913)262-3509

Email: mparker@kvci.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $1,000,000 Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Equity Subordinated Debt

FUNDING STAGE REFERENCES

No Seed

All Other Stages

INDUSTRY PREFERENCE

Manufacturing Diversified

GEOGRAPHIC PREFERENCES

Primarily Midwest

DESCRIPTION OF FIRM'S FOCUS

Invests in a variety of enterprises with significant growth potential which are operated by exceptional management teams. Provides later stage capital for expansion acquisition or stockholder

liquidity purposes.

MidStates Capital Fund II, L.P. Tim Keeble, Contact

7300 West 110th Street, 7th Floor Overland Park, KS 66210

Phone: (913)962-9007 Fax: (913)962-0699

Email: timk@midstatescap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

MidStates Capital Fund III, L.P.

Tim Keeble

7300 West 110th Street, 7th Floor Overland Park, KS 66210

Phone: (913)962-9007 Fax: (913)962-0699

Email: timk@midstatescap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Kentucky

Mountain Ventures, Inc.

L. Ray Moncrief, President

362 Old Whitley Road, P.O. Box 1738 London, KY 40743

Phone: (606)864-5175 Fax: (606)864-5194

Email: BMcDaniel@khic.org

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $100,000 Preferred Max: $350,000

TYPE OF CAPITAL PROVIDED

Loan Debt Equity

FUNDING STAGE REFERENCES

Seed Early Expansion

Later Stages

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

Southeast Kentucky

DESCRIPTION OF FIRM'S FOCUS

Prefers to invest in firms to be located in Eastern Kentucky.

Louisiana

Jefferson Capital Partners I, L.P.

William J. Harper, Contact

#5 Sanctuary Boulevard., Suite 103

Mandeville, LA 70471

Phone: (985)727-7232 Fax: (985)727-7213

Email: capital@jeffcap.com; wharper@jeffcap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $1,000,000 Preferred Max: $2,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt Preferred Stock

FUNDING STAGE PREFERENCE

Later Stage MBO/LBO

Acquisition

INDUSTRY PREFERENCE

Low Tech Diversified

GEOGRAPHIC PREFERENCES

Southeastern US Texas

Midwest

DESCRIPTION OF FIRM'S FOCUS

Subordinated debt and preferred stock investments in smaller middle market companies

Jefferson Capital Partners II, LP Francis T. Cazayoux, Jr.

#5 Sanctuary Boulevard, Suite 103

Mandeville, LA 70471

Phone: (985)727-7232 Fax: (985)727-7213

Email: pgiffin@jeffcap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

LongueVue Capital Partners II, LP Peyton Bush IV, Contact

111 Veterans Boulevard., Suite 1020 Metairie, LA 70005

Phone: (504)293-3604 Fax: (504)834-1142

Email: pbush@lvcpartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $6,500,000 Preferred Max: $6,500,000

TYPE OF CAPITAL PROVIDED

Equity - 30%

Debt - 35%

Loan - 35%

FUNDING STAGE PREFERENCE

Later Stage - 35% Change of Control - 35% Turnaround - 15%

Expansion - 15%

INDUSTRY PREFERENCE

Service - 25%

Other - 20%

Manufacturing - 15%

Distribution - 12.5%

Technology - 10%

GEOGRAPHIC PREFERENCES

Southeast - 50%

Mid-Atlantic - 10%

MidWest - 10%

Northeast - 10%

West - 10%

DESCRIPTION OF FIRM'S FOCUS

Target Revenue - $10M - $100M Target EBITDA - $2M - $10M Total Companies - 15+

Massachusetts

Ascent Venture Partners IV-A, L.P.

Brian Girvan, Contact

255 State Street, 5th Floor

Email: tscanlon@ascentvp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Citizens Ventures, Inc.

Joshua Conlon - EVP, Director

28 State St., 11th Floor MS 1000 Boston, MA 02109

Phone: (617)994-7084 Fax: (617)742-9471

Email: joshua.conlon@rbscitizens.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: Preferred Max:

TYPE OF CAPITAL PROVIDED

Subordinated Debt Equity

FUNDING STAGE PREFERENCE MBO

Acquisition Growth

INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES

Northeast

Midwest Southeast

DESCRIPTION OF FIRM'S FOCUS

Crystal Financial SBIC LP Ward K. Mooney

Two International Place, 17th Floor

 

Fax: (617)428-8701

Email: colin@crystalsbic.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Draper Fisher Jurvetson New England Fund I (SBIC), L.P. Todd Hixon, Contact

One Broadway, 14th Floor Cambridge, MA 02142

Phone: (617)758-4213 Fax: (617)758-4101

Email: todd@navfund.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

N/A

FUNDING STAGE PREFERENCE

N/A

INDUSTRY PREFERENCE

N/A

GEOGRAPHIC PREFERENCES

N/A

DESCRIPTION OF FIRM'S FOCUS

This fund is no longer investing in new portfolio companies.

Gemini Investors III, L.P. David F. Millet, Contact

20 William Street, Suite 250

Wellesley, MA 02481

Phone: (781)237-7001 Fax: (781)237-7233

Email: mkeis@gemini-investors.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Gemini Investors IV, L.P. Matt Keis, Contact

20 William Street, Suite 250

Wellesley, MA 02481

Phone: (781)237-7001 Fax: (781)237-7233

Email: mkeis@gemini-investors.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Gemini Investors V, L.P.

Matthew E. Keis, Contact

20 William Street, Suite 250 Wellesley, MA 02481

Phone: (781)237-7001 Fax: (781)237-7233

Email: mkeis@gemini-investors.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0

Preferred Max: $0 TYPE OF CAPITAL PROVIDED FUNDING STAGE PREFERENCE INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

High Peaks Seed Ventures, L.P.

Russell Howard, Contact One Bank Street, 2nd Floor Williamstown, MA 01267

Phone:

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

High Peaks Ventures, L.P.

Russell Howard, Contact One Bank Street, 2nd Floor Williamstown, MA 01267

Phone:

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $750,000 Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Equity Capital

FUNDING STAGE PREFERENCE

Early Stage

INDUSTRY PREFERENCE

Technology

GEOGRAPHIC PREFERENCES

New York State

DESCRIPTION OF FIRM'S FOCUS

High Peaks is a venture capital firm focused on investments in market leading, early stage tech. companies. High Peaks closed its inaugural fund in '04 & is actively in- vesting in NY state and thru-out the north- east focusing on internet-enabled business.

Lancet Capital Health Ventures, L.P. William Golden, Manager

245 First Street Suite 1800 Cambridge, MA 02142

Phone: (617)444-8582 Fax: (617)444-8405

Email: wgolden@lancetcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $100,000 Preferred Max: $2,500,000

TYPE OF CAPITAL PROVIDED

Private Equity

FUNDING STAGE PREFERENCE

Seed

Early Stage

INDUSTRY PREFERENCE

Biomedical

GEOGRAPHIC PREFERENCES

Northeast US

DESCRIPTION OF FIRM'S FOCUS

Invest primarily in medical device, drug discovery, bioinformatics companies.

Long River Ventures III, L.P. Tripp Peake

7 North Pleasant Street, Suite 2C

Amherst, MA

Phone:

Email: tpeake@longriverventures.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Pine Street Capital Partners II, L.P. David Morris

572 Washington Street

The Rotunda Building, Wuite 16 Wellesley, MA 12207-

Phone: (781)237-0005

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Seacoast Capital Partners II, L.P.

Thomas Gorman, Contact

55 Ferncroft Road, Suite 110 Danvers, MA 01923

Phone: (978)750-1311 Fax: (978)750-1301

Email: tgorman@seacoastcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

Seacoast Capital Partners III, L.P. Thomas Gorman, Contact

55 Ferncroft Road, Suite 110

Danvers, MA 01923

Phone: (978)750-1311 Fax: (978)750-1301

Email: tgorman@seacoastcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

SEED Ventures, L.P.

Thomas Wooters, Contact

80 Dean Street Taunton, MA 02780

Phone: (508)822-1020 Fax: (508)880-7869

Email: tom@seedvf.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $100,000 Preferred Max: $1,250,000

TYPE OF CAPITAL PROVIDED

75%: Loan and debt 25%: Equity

FUNDING STAGE PREFERENCE

20-30%: startup & dvlpmnt 70-80%: Exp & Later

INDUSTRY PREFERENCE

no industry specific

GEOGRAPHIC PREFERENCES

southeast Massachusetts DESCRIPTION OF FIRM'S FOCUS

Ticonderoga SBIC, L.P.

Craig A.T. Jones, Contact

25 Braintree Hill Park, Suite 200 Braintree, MA 02184

Phone: (781)416-3400 Fax: (781)416-9868

Email: cjones@ticonderogacap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Maryland

Farragut Mezzanine Partners III, L.P.

Philip McNeill

5425 Wisconsin Avenue, Suite 401 Chevy Chase, MD 20815

Phone: (301)913-5293 Fax: (301)913-5969

Email: pmcneill@farragutcapitalpartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Legg Mason SBIC Mezzanine Fund, L.P.

Andrew L. John, Contact

111 South Calvert Street Suite 1800

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

MidCap Financial SBIC, L.P.

Email: dmoore@midcapfinancial.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Multiplier Capital, LP

Kevin P. Sheehan

2 Wisconsin Circle, Suite 700 Chevy Chase, MD 20815

Phone: (240)235-5062 Fax: (240)345-1004

Email: sheehan@multipliercapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Patriot Capital II, L.P. Chris Royston, Contact

509 South Exeter Street Suite 210

Baltimore, MD 21202

Phone: (443)573-3010 Fax: (443)573-3020

Email: croyston@patriot-capital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Patriot Capital III SBIC, L.P.

Chris M. Royston, Contact

509 South Exeter Street Suite 210

Baltimore, MD 21202

Phone: (443)573-3010 Fax: (443)573-3020

Email: croyston@patriot-capital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Patriot Capital, L.P.

Chris M. Royston, Contact

509 South Exeter Street Suite 210

Baltimore, MD 21202

Phone: (443)573-3010 Fax: (443)573-3020

Email: croyston@patriot-capital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

RLJ Credit Opportunity Fund I, L.P.

Trevoir D. Gregg, Contact

3 Bethesda Metro Center, Suite 1000 Bethesda, MD 20814

Phone: (240)744-7849 Fax: (301)280-7762

Email: tgregg@rljcredit.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

Spring Capital Partners II, L.P. Robert M. Stewart, Contact

The Foxleigh Building, Suite 340

2330 W. Joppa Road Lutherville, MD 21093

Phone: (410)685-8000 Fax: (410)545-0015

Email: rms@springcap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Spring Capital Partners III, L.P.

Robert M. Stewart

The Foxleigh Building, Suite 340 2330 W. Joppa Road

Lutherville, MD 21093

Phone: (410)685-8000 Fax: (410)545-0015

Email: rms@springcap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Maine

North Atlantic SBIC IV, L.P.

Kimberley A. Niles, CFO Two City Center, 5th Floor Portland, ME 04101

Phone: (207)772-4470 Fax: (207)772-3257

Email: kniles@northatlanticcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Michigan

Dearborn Capital Corp. (SSBIC)

Paul Rau

c/o Ford Motor Credit Corporation The American Road

Dearborn, MI 48121

Phone: (313)337-8577 Fax: (313)390-3783

Email: mkehres@ford.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $250,000 Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Loans

FUNDING STAGE PREFERENCE

Expansion Later Stage LBO

Acquisition

INDUSTRY PREFERENCE

Automotive

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Provides financial and management assistance to minority-owned businesses that are suppliers of Ford Motor Company.

EDF Ventures II, L.P.

Mary Campbell, Contact

425 North Main Street Ann Arbor, MI 48104-1147

Phone: (734)663-3213 Fax: (734)663-7358

Email: fingerle@edfvc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: Preferred Max:

Minnesota

AAVIN Equity Partners I, L.P.

Daryl Erdman 2500 Rand Tower

Minneapolis, MN 55402

Phone: (602)375-9966 Fax: (319)363-9519

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE

INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Bayview Capital Partners II LP Cary Musech, Contact

301 Carlson Parkway, Suite 325 Minnetonka, MN 55305

Phone: (952)345-2035 Fax: (952)345-2001

Email: cmusech@tonkabayequity.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $6,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

50% equity

50% debt

FUNDING STAGE PREFERENCE

later stage

INDUSTRY PREFERENCE

manufacturing business services distribution

GEOGRAPHIC PREFERENCES

United States

DESCRIPTION OF FIRM'S FOCUS

Buyouts and recapitalizations.

Bayview Capital Partners III LP Shane Slominski, Contact

301 Carlson Parkway, Suite 325 Minnetonka, MN 55305

Phone: (952)345-2032 Fax: (952)345-2001

Email: sslominski@tonkabayequity.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE

INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Convergent Capital Partners II, L.P. Keith Bares, Contact

505 N. Highway 169, Suite 245

Minneapolis, MN 55441

Phone: (763)432-4081 Fax: (763)432-4085

Email: kbares@cvcap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $8,000,000

TYPE OF CAPITAL PROVIDED

Subordinated debt w/equity warrants or other yield enhancements

FUNDING STAGE PREFERENCE

Growth and Late Stage

INDUSTRY PREFERENCE

Convergent will consider investments in a broad range of industries.

GEOGRAPHIC PREFERENCES

Convergent will consider investments across the United States.

DESCRIPTION OF FIRM'S FOCUS

Convergent provides growth & acquisition capital to businesses committed to long-term sustainable growth. We also structure in- vestments around recapitalizations, spon- sored management buyouts, & add-on fin- ancings to our existing portfolio companies.

Convergent Capital Partners III, L.P. Keith Bares

505 N. Highway 169, Suite 245 Minneapolis, MN 55441

Phone: (763)432-4081 Fax: (763)432-4085

Email: kbares@cvcap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

GMB Mezzanine Capital II, L.P.

Carleton L. Olmanson, Contact

50 South Sixth Street, Suite 1460 Minneapolis, MN 55402

Phone:

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

GMB Mezzanine Capital, L.P. Barry Lindquist, Contact

50 South Sixth Street, Suite 1460

Minneapolis, MN 55402

Phone: (612)243-4404 Fax: (612)243-4446

Email: blindquist@gmbmezz.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $13,000,000

TYPE OF CAPITAL PROVIDED

All-coupon, fixed rate subor- dinated notes with nominally- priced warrants.

FUNDING STAGE PREFERENCE

Mature companies w/sound historical financial per- formance and diversified product,customer and supplier base.

INDUSTRY PREFERENCE

Niche manufacturing and fabrication, value-added distribution and service companies.

GEOGRAPHIC PREFERENCES

United States only.

DESCRIPTION OF FIRM'S FOCUS

Investments, as described above, in priv- ately-owned companies of less than $100m of enterprise value. We will participate as a sole investor, a lead investor for co-invest ment group, or as a co-investor w/another institutional investor.

LFE Growth Fund III, LP Leslie Frecon

60 South Sixth Street, Suite 2320 Minneapolis, MN 55402

Phone: (612)752-1801 Fax: (612)752-1800

Email: lfrecon@lfecapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Marquette Capital Fund II, L.P.

Thomas Jenkins, Contact

60 South Sixth Street, Suite 3510 Minneapolis, MN 55402

Phone: (612)661-3990 Fax: (612)661-3999

Email: tom.jenkins@marquettecapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Medallion Capital, Inc.

Dean Pickerell

3000 W. County Road 42, Suite 301

Burnsville, MN 55337-4827

Phone: (952)831-2025 Fax: (952)831-2945

Email: mvannelli@medallioncapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $1,000,000 Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

Senior Debt Subordinated Debt

FUNDING STAGE PREFERENCE

Acquisition MBO

Later Stage

INDUSTRY PREFERENCE

Communications Technology Manufacturing Services

GEOGRAPHIC PREFERENCES

Midwest National

DESCRIPTION OF FIRM'S FOCUS

Private Equity-Sponsored buyouts.

Spell Capital Mezzanine Partners SBIC, LP Andrew P. Leonard

222 South Ninth Street, Suite 2880 Minneapolis, MN 55402

Phone: (612)371-9650 Fax: (612)371-9651

Email: andrea@spellcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Trailhead Fund Limited Partnership

Jason T. Brass

Goldner Hawn Johnson & Morrison Inc. 3700 Wells Fargo Ctr., 90 S. Seventh St. Minneapolis, MN 55402-4128

Phone: (612)338-5912 Fax: (612)338-2860

Email: goldstein@ghjm.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Missouri

C3 Capital Partners II, L.P.

Patrick F. Healy, Contact 1511 Baltimore Ave

Suite 500

Kansas City, MO 64108

Phone: (816)756-2225 Fax: (816)756-5552

Email: phealy@C3cap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt,

with detachable warrants

FUNDING STAGE PREFERENCE

Mature companies (no- turnarounds or start-ups)

INDUSTRY PREFERENCE

Chemicals, energy business services distribution and high valued-added manufacturing

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Partnering with entrepreneurs to accomplish a transaction where the funds are used for growth capital, strategic acquisitions, ownership transitions or recapitalizations.

C3 Capital Partners III, L.P. Patrick F. Healy

1511 Baltimore Ave

Suite 500

Suite 500

Kansas City, MO 64108

Phone: (816)756-2225 Fax: (816)756-5552

Email: phealy@C3cap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

C3 Capital Partners, LP

Patrick F. Healy and Mikala January 1511 Baltimore Avenue

Suite 500

Kansas City, MO 64108

Phone: (816)756-2225 Fax: (816)756-5552

Email: phealy@C3cap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Subordinated debt w/detachable warrants

FUNDING STAGE PREFERENCE

Mature companies (no turnarounds or start-ups)

INDUSTRY PREFERENCE

Chemicals, energy business services distribution and high value-added manufacturing

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Partnering with entrepreneurs to accomplish a transaction where the funds are used for growth capital, strategic acquisitions, ownerships transitions or recapitalizations.

CFB Venture Fund L.P. Greg L. Gaeddert

1000 Walnut, 18th Floor Kansas City, MO 64106

Phone: (816)234-2357 Fax: (816)234-2952

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

CFB Venture Fund L.P.

Stephen B. Brown, Managing Partner

11 South Meramec, Suite 1430 Saint Louis, MO 63105

Phone: (314)746-7427 Fax: (314)746-8739

Email: Bill.Witzofsky@capitalforbusiness.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: Preferred Max:

PREFERENCE INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS FULLY INVESTED

Eagle Fund I, L.P.

Sarah Chavez, CFO

1 N. Brentwood, Suite 1550 Saint Louis, MO 63105

Phone: (314)754-1400 Fax: (314)754-1430

Email: bmg@bushodonnell.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: Preferred Max:

TYPE OF CAPITAL PROVIDED FUNDING STAGE

Eagle Fund II, L.P.

Sarah Chavez, CFO

1 N. Brentwood, Suite 1550 Saint Louis, MO 63105

Phone: (314)754-1400 Fax: (314)754-1430

Email: sdf@bushodonnell.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Eagle Fund III, L.P. Sarah Chavez, CFO

1 N. Brentwood, Suite 1550

Saint Louis, MO 63105

Phone: (314)754-1400 Fax: (314)754-1430

Email: schavez@eagleprivatecapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Eagle Fund III-A, L.P.

Sarah Chavez, CFO

1 N. Brentwood, Suite 1550 Saint Louis, MO 63105

Phone:(314)754-1400 Fax:(314)154-1430

Email: bmg@bushodonnell.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

RiverVest Venture Fund I, L.P. Thomas C. Melzer, Contact

7733 Forsyth Boulevard, Suite 1650

Saint Louis, MO 63105

Phone: (314)726-6700 Fax: (314)726-6715

Email: mslavich@rivervest.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

UMB Capital Corporation, Inc.

Christian P. Roth, Manager

1010 Grand Boulevard

Mail Stop 1020204 Kansas City, MO 64106

Phone: (816)860-4871 Fax: (816)860-7143

Email: christian.roth@umb.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min:

Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Loans Equity

Debt w/Equity

FUNDING STAGE PREFERENCE

Later Stage

INDUSTRY PREFERENCE

Manufacturing

GEOGRAPHIC PREFERENCES

Midwest

DESCRIPTION OF FIRM'S FOCUS

Mississippi

There are no SBIC Licensees currently located in Mississippi SBIC Licensees Located in Montana on October 2, 2014

Montana

There are no SBIC Licensees currently located in Montana SBIC

North Carolina

BB&T Capital Partners II, LLC

David Townsend, Managing Partner

101 N. Cherry Street, Suite 700 Winston-Salem, NC 27101-4019

Phone: (336)733-0355 Fax: (336)733-0349

Email: dgtownsend@bbandt.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $5,000,000 Preferred Max: $15,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Buyout Acquisitions MBO

Recapitalization Consolidation

INDUSTRY PREFERENCE

Cash flow-oriented busi- nesses w/critical mass in any industry except high tech., real estate and financial services.

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Seeks to invest in companies w/experienced management, a demonstrated need for the company's products or services, and sus- tainable competitive advantages allowing for profitable growth both organically and thru strategic acquisitions.

BB&T Capital Partners Mezzanine Fund II, L.P. David Townsend, Contact

101 N. Cherry Street, Suite 700 Winston-Salem, NC 27101-4010

Phone:(336)733-0355 Fax:(336)733-0349

Email: dgtownsend@bbandt.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

BB&T Capital Partners, LLC

David Townsend & Martin Gilmore, Mgrs.

101 N. Cherry Street, Suite 700 Winston-Salem, NC 27101-4019

Phone: (336)733-0355 Fax: (336)733-0349

Email: dgtownsend@bbandt.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: Preferred Max:

PREFERENCE INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

No longer seeking new investments.

BB&T Capital Partners/Windsor Mezzanine Fund, LLC David Townsend

101 N. Cherry Street, Suite 700 Winston-Salem, NC 27101-4019

Phone: (336)733-0355 Fax: (336)733-0349

Email: dgtownsend@bbandt.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $5,000,000 Preferred Max: $15,000,000

TYPE OF CAPITAL PROVIDED

Subordinated debt (with/with- out warrants) Equity co-invest

-ments w/subordinated debt.

FUNDING STAGE PREFERENCE

Buyout Acquisitions MBO

Recapitalization Consolidation

INDUSTRY PREFERENCE

Cash flow-oriented busi- ness w/critical mass in any industry except high tech- nology, real estate and financial services.

GEOGRAPHIC PREFERENCES

National

OGC - Mark Spellman

DESCRIPTION OF FIRM'S FOCUS

Seeks to invest in companies w/experienced management, a demonstrated need for the company's products or services, and sustainable competitive advantages allowing for profitable growth both organically and through strategic acquisitions.

CapitalSouth Partners Fund II, L.P. Joseph B. Alala, Contact

The Rotunda Building

4201 Congress Street - Suite 360

Charlotte, NC 28209

Phone: (704)376-5502 Fax: (704)376-5877

Email: LGirts@capitalagroup.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

CapitalSouth Partners Fund II, L.P.

Jack McGlinn

2530 Meridian Parkway, Suite 200 Research Triangle Park

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

CapitalSouth Partners SBIC Fund III, L.P. Joseph B. Alala, Contact

The Rotunda Building

4201 Congress Street - Suite 360

Charlotte, NC 28209

Phone: (704)376-5502 Fax: (704)376-5877

Email: LGirts@capitalagroup.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

CapitalSouth SBIC Fund IV, L.P.

Joseph B. Alala, Contact The Rotunda Building

4201 Congress Street - Suite 360

Charlotte, NC 28209

Phone: (704)376-5502 Fax: (704)376-5877

Email: LGirts@capitalagroup.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Frontier Fund I, L.P.

Lori Shell, Contact 1111 Metropolitan Avenue

Suite 1050

Charlotte, NC 28204

Phone: (704)414-2880 Fax: (704)414-2881

Email: lori@frontiercapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Hatteras Venture Partners IV SBIC, LP

Douglas Reed, M.D.

280 South Mangum Street, Suite 350 Durham, NC 27701

Phone: (919)484-0730 Fax: (919)484-0364

Email: doug@hatterasvp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Kian Mezzanine Partners I, L.P. Kevin McCarthy

4720 Piedmont Row Drive, Suite 421

Charlotte, NC 28211

Phone: (704)943-2501 Fax: (704)943-4457

Email: cedmondson@kiancapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Mosaic Capital Investors I, LP

H. Dabney Smith

101 South Tryon Street Suite 2620

Charlotte, NC 28280

Phone: (919)636-6164

Email: dsmith@mosaic-cp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

North Carolina Economic Opportunities Fund, L.P.

H. Dabney Smith, Contact PO Box 6386

Raleigh, NC 27628

Phone: (919)610-8252

Email: dsmith@dogwoodequity.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $1,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Preferred Stock

FUNDING STAGE PREFERENCE

Buyout transactions Late Stage Growth

INDUSTRY PREFERENCE

Manufacturing Distribution Business Services Consumer Products

GEOGRAPHIC PREFERENCES

Southeastern United States

DESCRIPTION OF FIRM'S FOCUS

Control investments in companies that will typically have $5 million to $50 million of existing revenues and are profitable.

Plexus Fund I, L.P.

4601 Six Forks Road, Suite 528

Raleigh, NC 27609

Phone: (919)256-6341 Fax: (919)256-3650

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Plexus Fund I, L.P.

Rhonda Penn, CFO, Contact

200 Providence Road, Suite 210 Charlotte, NC 28207

Phone: (919)253-6355 Fax: (704)927-6255

Email: banders@plexuscap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Plexus Fund II, L.P.

Rhonda Penn. CFO, Contact

200 Providence Road, Suite 210 Charlotte, NC 28207

Phone: (919)256-6355 Fax: (704)927-6255

Email: banders@plexuscap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $8,000,000

TYPE OF CAPITAL PROVIDED

Growth, acquisition LBO, recaps

FUNDING STAGE PREFERENCE

Later

INDUSTRY PREFERENCE

N/A

GEOGRAPHIC PREFERENCES

Southeast and Middle Atlantic

DESCRIPTION OF FIRM'S FOCUS

Provide growth capital to middle market companies through investments in subordinated debt and preferred equity securities.

Plexus Fund II, L.P.

4601 Six Forks Road, Suite 528

Raleigh, NC 27609

Phone: (919)256-6342 Fax: (919)256-6350 INVESTMENT CRITERIA

INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Plexus Fund III, L.P. Robert Anders

200 Providence Road, Suite 210 Charlotte, NC 28207

Phone: (704)927-6246 Fax: (704)927-6255

Email: ronda@plexuscap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Plexus Fund QP III, L.P.

Robert Anders

200 Providence Road, Suite 210 Charlotte, NC 28207

Phone: (704)927-6246 Fax: (704)927-6255

Email: banders@plexuscap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE

INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Salem Investment Partners III, Limited Partnership Philip W. Martin

1348 Westgate Center Drive, Suite 100

P.O. Box 25684

Winston-Salem, NC 27114

Phone: (336)245-4725 Fax: (888)670-9182

Email: pmartin@salemip.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Growth, acquisition, MBO, LBO recaps

FUNDING STAGE PREFERENCE

Later stage

INDUSTRY PREFERENCE

No preference

GEOGRAPHIC PREFERENCES

Southeast, Mid-Atlantic Midwest

DESCRIPTION OF FIRM'S FOCUS

Provide patient growth capital to middle market companies by investing in subordinated debt and equity warrants.

SJF Ventures III, LP David A. Kirkpatrick

200 N. Mangum Street, Suite 203

 

Fax: (919)530-1178

Email: dkirk@sjfventures.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

Triangle Mezzanine Fund II, LP

Brent Burgess, Contact

3700 Glenwood Avenue, Suite 530

Raleigh, NC 27612

Phone: (919)719-4788 Fax: (919)719-4777

Email: bburgess@tcap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Triangle Mezzanine Fund LLLP Brent Burgess, Contact

3700 Glenwood Avenue, Suite 530

Raleigh, NC 27612

Phone: (919)719-4788 Fax: (919)719-4777

Email: bburgess@tcap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $5,000,000 Preferred Max: $15,000,000

TYPE OF CAPITAL PROVIDED

Subordinated debt w/warrants Equity, equity co-investments, first & 2nd lien, unitranche.

FUNDING STAGE PREFERENCE

Later stage companies needing capital for buy- outs, recapitalizations, acquisitions or growth.

INDUSTRY PREFERENCE

Diverse

GEOGRAPHIC PREFERENCES

Throughout United States

DESCRIPTION OF FIRM'S FOCUS

We focus on investments in lower middle market companies with a history of generating revenues and positive cash flows, an established market position, and a proven management team with a strong operating discipline.

North Dakota

North Dakota SBIC, L.P.

John G. Cosgriff, Manager

51 Broadway, Suite 400 Fargo, ND 58102

Phone: (701)298-0003 Fax: (701)293-7819

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Nebraska

FCP Fund II, L.P.

David F. McLeese, Contact 1620 Dodge Street

Omaha, NE 68102

Phone: (402)602-3517 Fax: (402)602-3477

Email: dmcleese@firstcapitalpartners.com INVESTMENT CRITERIA

INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

New Hampshire

MB Growth Partners II, L.P.

Jeffrey M. Pollock, Contact 1444 Union Street

Manchester, NH 03104

Phone: (603)623-5500 Fax: (603)623-3972

Email: jmpollock@merchantbanc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

Please visit our web address: www.merchantbanc.com

New Jersey

Contemporary Healthcare Fund I, LP

Eric Smith, Contact

1040 Broad Street, Suite 103

Shrewsbury, NJ 07702

Phone: (732)578-0533 Fax: (732)578-0501

Email: esmith@contemporarycapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0

Preferred Max: $0 TYPE OF CAPITAL PROVIDED FUNDING STAGE PREFERENCE INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

Contemporary Healthcare Senior Lien Fund I, LP Eric Smith, Contact

1040 Broad Street, Suite 103

Shrewsbury, NJ 07702

Phone: (732)578-0533 Fax: (732)578-0501

Email: esmith@contemporarycapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Edison Fund V, L.P.

Ross Martinson, Contact 1009 Lenox Drive, Suite 4

Lawrenceville, NJ 08648

Phone: (609)873-9202 Fax: (609)896-0066

Email: gayle@edisonventure.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $6,000,000

TYPE OF CAPITAL PROVIDED

Equity oriented instruments

FUNDING STAGE PREFERENCE

Expansion Stage

INDUSTRY PREFERENCE

Initial investment: $2 million to $6 million

GEOGRAPHIC PREFERENCES

New Jersey, Pennsylvania, Delaware, Maryland, Virginia

DESCRIPTION OF FIRM'S FOCUS

Technology - software, communications, computer services

Edison Venture Fund IV SBIC, L.P.

Ross Martinson, Contact 1009 Lenox Drive, Suite 4

Lawrenceville, NJ 08648

Phone: (609)873-9202 Fax: (609)896-0066

Email: rmartinson@edisonventure.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $1,000,000 Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

Equity Only

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES

Mid-Atlantic: New Jersey, Pennsylvania, Delaware, Maryland, Virginia

DESCRIPTION OF FIRM'S FOCUS

Information Technology: software, services, communication, internet, electronics

University Ventures, Inc. (SSBIC)

Leah Apgar

c/o New Jersey Community Capital

108 Church Street, 3rd Floor New Brunswick, NJ 08901

Phone: (732)640-2061 Fax: (732)543-1201

Email: lapgar@njclf.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min:

Preferred Max: $150,000

TYPE OF CAPITAL PROVIDED

Loans w/Equity Features

FUNDING STAGE PREFERENCE

Early Stage Expansion

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

Northeast

DESCRIPTION OF FIRM'S FOCUS

New Mexico

There are no SBIC Licensees currently located in New Mexico SBIC Licensees Located in Nevada on October 2, 2014

Nevada

There are no SBIC Licensees currently located in Nevada SBIC

New York

Accretive Investors SBIC, L.P.

J. Michael Cline, Contact

51 Madison Avenue, 31st Floor New York, NY 10010

Phone: (646)282-1920 Fax: (646)390-0545

Email: mcline@accretivellc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,500,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Seed and Growth

INDUSTRY PREFERENCE

Software

Business Process Outsourcing and IT Enable Services.

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Accretive is focused on building leaders in business-to-business software, IT-enabled business services, and process outsourcing. These areas continue to address real business problems, have tremendous opport. for growth and value.

AEA Investors Small Business Fund LP John F. Cozzi, Contact

666 Fifth Avenue 36th Floor

New York, NY 10103

Phone: (212)702-0504 Fax: (212)702-0550

Email: jcozzi@aeainvestors.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $10,000,000 Preferred Max: $30,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Growth

Change of Control

INDUSTRY PREFERENCE

Consumer Industrial Services

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Argentum Capital Partners II, L.P. Daniel Raynor, Chairman

60 Madison Avenue, Suite 701

New York, NY 10010

Phone: (212)949-6262 Fax: (212)949-8294

Email: sdberman@argentumgroup.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Equity Debt

FUNDING STAGE PREFERENCE

Later Stage Acquisitions MBO

INDUSTRY PREFERENCE

Healthcare Information Waste Management Software Communications General

GEOGRAPHIC PREFERENCES

East Coast National

DESCRIPTION OF FIRM'S FOCUS

investments in later stage growth companies for expansion, acquisitions, recapitalizations and management buyouts.

Specializes in equity and mezzanine

Argentum Capital Partners, LP Daniel Raynor, Chairman

60 Madison Avenue, Suite 701 New York, NY 10110

Phone: (212)949-8272 Fax: (212)949-8294

Email: sdberman@argentumgroup.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $1,000,000 Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

Equity Mezzanine

FUNDING STAGE PREFERENCE

Expansion Later Stage

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Bridges Ventures US Sustainable Growth Fund, L.P. Brian Trelstad

1350 Avenue of the Americas, 29th Floor New York, NY 10019

Phone: (646)731-2759 Fax: (212)731-2739

Email: brian@bridgesventures.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Brightwood Capital SBIC I, LP

Damien R. Dwin, Contact 1540 Broadway, 23rd Floor New York, NY 10036

Phone: (646)957-9525 Fax: (646)957-9265

Email: sba@brightwoodlp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Brightwood Capital SBIC II, LP (SSBIC)

Damien R. Dwin, Contact 1540 Broadway, 23rd Floor New York, NY 10036

Phone: (646)957-9525 Fax: (646)957-9265

Email: sba@brightwoodlp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $25,000 Preferred Max: $200,000

TYPE OF CAPITAL PROVIDED

Loan, Debt Equity Subordinated Debt

FUNDING STAGE PREFERENCE

Seed

Early Stage Acquisition, MBO Expansion

Later Stage

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

National Mississippi

DESCRIPTION OF FIRM'S FOCUS

Focuses on a national marketing effort, in addition to raising additional dollars.

Brookside Pecks Capital Partners, L.P. Ray Weldon

405 Park Avenue, 12th Floor New York, NY 10022

Phone: (212)935-6090 Fax: (212)759-4831

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

CapitalSpring SBIC, L.P.

Lisa Lersner, Contact

950 3rd Avenue, 24th Floor New York, NY 10022

Phone: (212)981-0153 Fax: (212)981-0159

Email: llersner@capitalspring.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Deby

FUNDING STAGE PREFERENCE

Late Stage

INDUSTRY PREFERENCE

Services 10%

Consumer Products & Retail - 90%

GEOGRAPHIC PREFERENCES

West 35%

Northeast 35%

Other 30%

DESCRIPTION OF FIRM'S FOCUS

Brand name franchises financing

Cephas Capital Partners II, L.P. Jeff Holmes, Contact

11 Schoen Place, 8th Floor Pittsford, NY 14534

Phone: (585)383-1610 Fax: (585)383-1613

Email: ccampbell@cephascapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Cephas Capital Partners L.P.

Clint Campbell, Jeff Holmes, Mgrs.

11 Schoen Place, 8th Floor Pittsford, NY 14534

Phone: (585)383-1610 Fax: (585)383-1613

Email: ccampbell@cephascapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $500,000 Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Debt Subordinated Debt Preferred Stock

FUNDING STAGE PREFERENCE

Acquisition Growth

MBO

Recaptalization

INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES

Upstate New York

DESCRIPTION OF FIRM'S FOCUS

Seeks to invest in established companies with experienced management teams

with opportunities for growth.

Deerpath Capital II, L.P. James H. Kirby, Contact

405 Lexington Avenue, 71st Floor New York, NY 10174

Phone: (646)786-1022 Fax: (646)417-7095

Email: jkirby@deerpathcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

Deerpath Funding, L.P.

James H. Kirby, Contact

405 Lexington Avenue, 71st Floor New York, NY 10174

Phone: (646)786-1022 Fax: (646)417-7095

Email: jkirby@deerpathcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

DeltaPoint Capital III, L.P.

David H. Waterman, Managing Director

45 East Avenue 6th Floor

Rochester, NY 14604

Phone: (585)454-6990 Fax: (585)454-3204

Email: dwaterman@deltapointcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

DeltaPoint Capital IV (New York), L.P.

Kevin M. Halpin

45 East Avenue, 6th Floor Rochester, NY 14604

Phone: (585)454-6990 Fax: (585)454-3204

Email: khalpin@deltapointcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

DeltaPoint Capital IV, L.P. Kevin M. Halpin

45 East Avenue, 6th Floor

Rochester, NY 14604

Phone: (585)454-6990 Fax: (585)454-3204

Email: khalpin@deltapointcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

East Coast Capital Holdings Ltd. (SSBIC) Fredrick Schulman, President

30 East 29th Street, Suite 204 New York, NY 10016

Phone: (212)686-1515 Fax: (212)686-1131

Email: zindel@eastcoastcapitalholdings.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $50,000 Preferred Max: $200,000

TYPE OF CAPITAL PROVIDED

Loans Equity

FUNDING STAGE PREFERENCE

Seed Expansion

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

Regional

DESCRIPTION OF FIRM'S FOCUS

Emigrant Capital Corporation Christopher Hammond, Controller

East 43rd Street 20th Floor

New York, NY 10017

Phone: (212)850-4470 Fax: (212)850-3470

Email: hammondc@emigrant.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $5,000,000 Preferred Max: $20,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Generating Revenue Cash Flow Positive

INDUSTRY PREFERENCE

Outsourced Business Services Healthcare Services

Niche Manufacturing, Software Services, Environmental Products and Services

GEOGRAPHIC PREFERENCES

United States

DESCRIPTION OF FIRM'S FOCUS

Emigrant Capital Corp. is the private equity division of Emigrant Savings Bank, the nation's largest-family owned bank. We make equity investments in established businesses that can benefit from our financial, oper- ational and strategic resources.

Empire State Capital Corporation (SSBIC) Mitzi Wu, Vice President

Dey Street, Suite 1201 New York, NY 10007

Phone: (212)513-1799 Fax: (212)513-1874

Email: ESC5131799@aol.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Loans

Equity Investments

FUNDING STAGE PREFERENCE

Early Stage Expansion

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

Atlantic Region

DESCRIPTION OF FIRM'S FOCUS

Enhanced Small Business Investment Company, L.P. Michael Korengold

601 Lexington Avenue, 55th Floor New York, NY 10022

Phone: (212)207-3385 Fax: (212)207-9031

Email: mkorengold@enhancedcap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0

Preferred Max: $0 TYPE OF CAPITAL PROVIDED FUNDING STAGE PREFERENCE INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

Eos Partners SBIC III, L.P. Beth Bernstein, Contact

320 Park Avenue, 22nd Floor New York, NY 10022

Phone: (212)832-5800 Fax: (212)832-5815

Email: bbernstein@eospartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Falcon Private Equity, L.P.

Gregga Baxter, Matthew Snyder, Contacts

330 Madison Avenue, 37th Floor New York, NY 10017-4627

Phone: (212)922-2333 Fax: (212)922-2351

Email: gregga.baxter@gibuk.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: Preferred Max:

PREFERENCE INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Fifth Street Mezzanine Partners IV, L.P. Bernard D. Berman, Contact

10 Bank Street, Suite 1210 White Plains, NY 10606

Phone: (914)286-6810 Fax: (914)328-4214

Email: bernie@fifthstreetcap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Fifth Street Mezzanine Partners V, L.P.

Bernard D. Berman, Contact

10 Bank Street, Suite 1210 White Plains, NY 10606

Phone: (914)286-6804 Fax: (914)328-4214

Email: bernie@fifthstreetfinance.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Flushing Capital Corporation (SSBIC)

Tetsuro Takada, President 113-19 14th Road

College Point, NY 11356

Phone: (718)886-5866 Fax: (718)321-2934

Email: flushingcapital@nyc.rr.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $300,000

TYPE OF CAPITAL PROVIDED

Loans

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

New York City Area DESCRIPTION OF FIRM'S FOCUS

Founders Equity SBIC I, L.P.

John D. White, Jr., Contact 711 Fifth Avenue, 5th Floor New York, NY 10022

Phone: (212)829-0900 Fax: (212)829-0901

Email: slitfin@fequity.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Freshstart Venture Capital Corporation Alvin Murstein, President

437 Madison Avenue

Email: mrusso@medallion.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $50,000 Preferred Max: $200,000

TYPE OF CAPITAL PROVIDED

Loans Equity

FUNDING STAGE PREFERENCE

Seed Expansion

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

Regional

DESCRIPTION OF FIRM'S FOCUS GC SBIC IV, L.P.

Gregory W. Cashman, Contact 666 Fifth Avenue, 18th Floor New York, NY 10103

Phone: (212)750-6060 Fax: (212)750-3756

Email: sba@golubcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

GC SBIC V, L.P.

Gregory W. Cashman, Contact 666 Fifth Avenue, 18th Floor New York, NY 10103

Phone:(212)750-6060 Fax:(212)750-3756

Email sba@golubcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

Gefus SBIC, L.P.

William J. Beckett

375 Park Avenue, Suite 3607 New York, NY 10152

Phone: (212)308-1111 Fax: (212)308-1182

Email: wbeckett@gefinor.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

Graycliff Mezzanine II LP

Andrew P. Trigg

500 Fifth Avenue, 47th Floor New York, NY 10110

Phone: (212)300-2903 Fax: (646)439-0871

Email: atrigg@graycliffpartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Hudson Ferry Capital II, L.P. Timothy Ross, Contact

275 Madison Avenue, 36st Floor

New York, NY 10016

Phone: (212)682-5205 Fax: (212)308-3893

Email: tross@hudsonferry.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Hudson Venture Partners II, L.P. John P. Truehart, Jr., Contact

545 Fifth Avenue, 4th Floor New York, NY 10017

Phone: (212)644-9797 Fax: (212)583-1859

Email: jtruehart@hudsonptr.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

Loans Equity

Debt w/Equity Features

FUNDING STAGE PREFERENCE

Early Stage Expansion Later Stage

INDUSTRY PREFERENCE

Internet, Software

GEOGRAPHIC PREFERENCES

Northeast United States

DESCRIPTION OF FIRM'S FOCUS

Technology and service related businesses.

KBL Healthcare, L.P. Marlene Krauss

52 East 72nd Street-PH New York, NY 10021

Phone: (212)319-5555 Fax: (212)319-5591

Email: ss@kblvc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Kinderhook Capital SBIC Fund I, L.P.

Robert Michalik, Contact

521 Fifth Avenue 34th Floor

New York, NY 10175

Phone: (212)201-6780 Fax: (212)201-6790

Email: rmichalik@kinderhookcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Medallion Funding LLC

Alvin Murstein, President

437 Madison Avenue New York, NY 10022

Phone: (212)328-2110 Fax: (212)328-2125

Email: nsarna@medallion.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $50,000 Preferred Max: $350,000

TYPE OF CAPITAL PROVIDED

Sr. & Sub. Debt w/Warrants

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE

Service Retail

GEOGRAPHIC PREFERENCES

Mid-Atlantic Northeast

DESCRIPTION OF FIRM'S FOCUS

Medley SBIC, LP

Marilyn Adler

375 Park Avenue, 33rd Floor New York, NY 10152

Phone: (646)465-8410 Fax: (212)759-0091

Email: MAdler@medleycapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Mercury Capital, L.P.

David W. Elenowitz, Contact

590 Madison Avenue 30th Floor

New York, NY 10022

Phone: (212)838-0888 Fax: (212)759-3897

Email: ele@mercurycapitalinc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,500,000 Preferred Max: $7,500,000

TYPE OF CAPITAL PROVIDED

Equity Only

FUNDING STAGE PREFERENCE

Later Stage

INDUSTRY PREFERENCE

Manufacturing Distribution

Serv. Businesses

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Investments in late stage manufacturing, distribution and service businesses with cash flow of $3 million and above.

Michigan Growth Capital Partners SBIC, L.P. Jason Metakis

11 Madison Avenue, 28th Floor New York, NY 10010

Phone: (212)538-3259 Fax: (646)362-0935

Email: jmetakis@gcmlp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Multiplier Capital, LP

Ezra Friedberg

360 Madison Avenue 20th Floor

New York, NY 10017-

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

New Mountain Finance SBIC, L.P. John Kline

787 Seventh Avenue, 48th Floor New York, NY 10019

Phone: (212)720-0309 Fax: (212)582-2277

Email: jkline@newmountaincapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

OFS SBIC I, LP

Mark Hauser

540 Madison Avenue, Floor 8 New York, NY 10022

Phone: (212)419-2860 Fax: (646)783-4599

Email: mhauser@ofsmanagement.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PennantPark SBIC II, LP Arthur H. Penn

590 Madison Avenue, 15th Floor

Email: penn@pennantpark.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PennantPark SBIC, LP Aviv Efrat, Contact

590 Madison Avenue, 15th Floor

New York, NY 10022

Phone: (212)905-1001 Fax: (212)905-1075

Email: efrat@pennantpark.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Debt : 5%

Equity: 10%

Loan: 85%

FUNDING STAGE PREFERENCE

Expansion: 10%

Later: 50%

Change of control: 40%

INDUSTRY PREFERENCE

No more than 15% in each industry

GEOGRAPHIC PREFERENCES

No more than 25% for each region

DESCRIPTION OF FIRM'S FOCUS

Pine Street Capital Partners II, L.P.

Michael P. Lasch, Contact

11 North Pearl Street, Suite 1700 Albany, NY 12207

Phone: (518)449-9070 Fax: (518)617-1115

Email: laschm@pinecap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $6,000,000

TYPE OF CAPITAL PROVIDED

Mezzanine Debt - 80% Equity - 20%

FUNDING STAGE PREFERENCE

Later stage Minimum revenue

of $10 million.

INDUSTRY PREFERENCE

Business & consumer services, manufacturing, healthcare

GEOGRAPHIC PREFERENCES

East Coast

DESCRIPTION OF FIRM'S FOCUS

Praesidian Capital Investors, LP Jason D. Drattell, Contact

419 Park Avenue South New York, NY 10016

Phone: (212)520-2600 Fax: (212)520-2601

Email: jdrattell@praesidian.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $15,000,000

TYPE OF CAPITAL PROVIDED

Senior and Subordinated Debt with Equity Kickers

FUNDING STAGE PREFERENCE

Expansion, Later Stage Change of Control

and Recapitalizations

INDUSTRY PREFERENCE

None

GEOGRAPHIC PREFERENCES

Continental United States

DESCRIPTION OF FIRM'S FOCUS

Praesidian is opportunistic in terms of financing those companies in the lower middle market that have positive EBITDA of between $3-$15 million, that have a defen- sible market position, a strong management team, & discernable growth characteristics.

Praesidian Capital Opportunity Fund III, LP Jason D. Drattell, Contact

419 Park Avenue South New York, NY 10016

Phone: (212)520-2600 Fax: (212)520-2601

Email: jdrattell@praesidian.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Rand Capital SBIC, Inc.

Allen F. Grum, Jr., Contact 2200 Rand Building

Buffalo, NY 14203

Phone: (716)853-0802 Fax: (716)854-8480

Email: dpenberthy@randcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE

INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Riverside Micro-Cap Fund III, L.P. Doug England

45 Rockefeller Center, Suite 400

New York, NY 10111

Phone: (216)535-1768 Fax: (216)344-1330

Email: dengland@riversidecompany.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

RMCF II SBIC Fund, L.P.

Doug England, Contact

45 Rockefeller Center, Suite 2400

45 Rockefeller Center New York, NY 10111

Phone: (216)535-1768 Fax: (216)344-1330

Email: dengland@riversidecompany.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $5 Preferred Max: $20

TYPE OF CAPITAL PROVIDED

1/3 equity, 2/3 debt

FUNDING STAGE PREFERENCE

Change of control (85%) Turn around (10%)

Later-stage (5%)

INDUSTRY PREFERENCE

Manufacturing (20%)

Healthcare (20%)

Services (20%)

Tech & life sciences (10% ea.) Distribution & consumer products (10% ea

GEOGRAPHIC PREFERENCES

Midwest - 35%

Northeast/Mid-Atl - 25%

South/Southeast -25%

West - 15%

DESCRIPTION OF FIRM'S FOCUS

One-stop provider of equity (1/3) and

debt (2/3) in change of control transactions in a strategy that is a direct evolution of that pursuaed at prior successful Riverside funds.

Saratoga Investment Corp. SBIC LP Richard A. Petrocelli

535 Madison Avenue, 4th Floor New York, NY 10022

Phone: (212)906-7966 Fax: (212)750-3343

Email: hsteenkamp@saratogapartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Triad Capital Corp. of New York (SSBIC)

Serafin Mariel, Manager

305 Seventh Avenue, 20th Floor New York, NY 10001

Phone: (212)243-7360 Fax: (212)243-7647

Email: smariel@bcfcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $100,000 Preferred Max: $250,000

TYPE OF CAPITAL PROVIDED

Debt w/Equity Features

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Ohio

Enterprise Ohio Investment Company (SSBIC)

Janet White, Manager

8 North Main Street Dayton, OH 45402

Phone: (937)853-2541 Fax: (937)222-7035

Email: jwhite@citywidedev.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $50,000 Preferred Max: $100,000

TYPE OF CAPITAL PROVIDED

Equity Loan Investments

FUNDING STAGE PREFERENCE

Expansion Later Stage Franchise

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

Southwest Ohio

DESCRIPTION OF FIRM'S FOCUS

NCT Ventures Fund II, L.P. Micahel C. Butler

274 Marconi Boulevard., Suite 400

Columbus, OH 43215

Phone: (614)794-2732 Fax: (614)228-2737

Email: michael.butler@nctventures.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Northcreek Mezzanine Fund I, L.P.

Rodger Davis, Managing Partner

255 East Fifth Street, Suite 3010 Cincinnati, OH 45202

Phone: (513)985-6600 Fax: (513)985-6603

Email: rdavis@northcreekmezzanine.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Northcreek Mezzanine Fund II, L.P. Rodger Davis

255 East 5th Street, Suite 3010 Cincinnati, OH 45202

Phone: (513)985-6600 Fax: (513)985-6603

Email: rdavis@northcreekmezzanine.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0

Preferred Max: $0 TYPE OF CAPITAL PROVIDED FUNDING STAGE PREFERENCE INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

Peppertree Capital Fund, L.P. Cyndi Debevec

86 West Street

Chagrin Falls, OH 44022

Phone: (440)528-0338 Fax: (440)528-0334

Email: cdebevec@peppertreecapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Later state growth equity Recapitalizations Buyouts

INDUSTRY PREFERENCE

Media Telecommunications Business Services

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

We seek non-technology investments in our target industries. We prefer investments with recurring revenue, non-IPO exit strategies and asset protection (e.g., FCC licenses) on the downside.

River Cities Financial Institutions Fund V, L.P. Daniel T. Fleming

221 East Fourth Street, Suite 2240 Cincinnati, OH 45202

Phone: (513)621-9700 Fax: (513)579-8939

Email: dfleming@rccf.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

River Cities SBIC III, L.P.

Edwin T. Robinson, Contact

221 East Fourth Street, Suite 2400 Cincinnati, OH 45202

Phone: (513)621-9700 Fax: (513)579-8939

Email: trobinson@rccf.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $7,500,000

TYPE OF CAPITAL PROVIDED

Preferred Equity

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE

Healthcare or Information Technology

GEOGRAPHIC PREFERENCES

Midwest and Southwest DESCRIPTION OF FIRM'S FOCUS

Stonehenge Opportunity Fund II, L.P.

B. Michael Affinito, Contact

191 West Nationwide Blvd., Suite 600 Columbus, OH 43215

Phone: (614)246-2500 Fax: (614)246-2582

Email: bmaffinito@stonehengepartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $15,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt Non-Control Equity Control Equity

FUNDING STAGE PREFERENCE

Management leveraged buyouts Acquisitions Recapitalizations Growth

INDUSTRY PREFERENCE

Manufacturing Distribution Business Services Health Care Companies

GEOGRAPHIC PREFERENCES

Midwest United States investment focus with national scope.

DESCRIPTION OF FIRM'S FOCUS

Private Equity firm focused on investing mezzanine and structured equity capital in quality, middle-market companies located throughout the United States.

Stonehenge Opportunity Fund III, L.P. Peter G. Davies, Contact

191 West Nationwide Blvd., Suite 600 Columbus, OH 43215

Phone: (614)246-2500 Fax: (614)246-2431

Email: pgdavies@stonehengepartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Stonehenge Opportunity Fund III-B, L.P.

Peter G. Davies, Contact

191 West Nationwide Blvd., Suite 600 Columbus, OH 43215

Phone: (614)246-2500 Fax: (614)246-2431

Email: pgdavies@stonehengepartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Triathlon Medical Ventures Fund LP Suzette L. Dutch, Contact

300 E-Business Way, Suite 200 Cincinnati, OH 45241

Phone: (513)723-2600 Fax: (513)247-6199

Email: sdutch@tmvp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Oklahoma

Council Oak Investment Corporation

William O. Johnstone - Manager

101 North Broadway Suite 400

Oklahoma City, OK 73102

Phone: (405)218-4696 Fax: (405)218-4672

Email: wmojohnstone@gmail.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $1,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Loans Equity

FUNDING STAGE PREFERENCE

Early Stage Expansion

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

Oklahoma

DESCRIPTION OF FIRM'S FOCUS

Oregon

There are no SBIC Licensees currently located in Oregon SBIC

Pennsylvania

Argosy Investment Partners III, L.P. Michael Bailey, Manager

950 West Valley Road, Suite 2900

Wayne, PA 19087

Phone: (610)971-9685 Fax: (610)964-9524

Email: michael@argosycapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Mezzanine & Equity

FUNDING STAGE PREFERENCE

Later, Buyouts, Recaps

INDUSTRY PREFERENCE

Manufacturing & Service companies

GEOGRAPHIC PREFERENCES

Eastern United States

DESCRIPTION OF FIRM'S FOCUS

Argosy III is fully invested and invested both mezzanine and equity in lower middle market companies across a broad range of industries.

Argosy Investment Partners IV, L.P. Kirk B. Griswold, Manager

950 West Valley Road, Suite 2900

Wayne, PA 19087

Phone: (610)971-9685 Fax: (610)964-9524

Email: kirk@argosycapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $9,000,000

TYPE OF CAPITAL PROVIDED

Mezzanine & Equity Equity/debt-50/50

1 tier of leverage

FUNDING STAGE PREFERENCE

Buyouts, Later-stage Recaps

Mgmt fees basis- RC

INDUSTRY PREFERENCE

Engineered Materials, Industrial Electronics, Industrial Manufacturing, Industrial Services, Aviation, Services, Busi. Franchising.

GEOGRAPHIC PREFERENCES

United States (with an eastern preference).

DESCRIPTION OF FIRM'S FOCUS

Argosy IV invests in mezzanine and equity in companies with minimum revenue of

$15 million and positive cash flow. Use of funds include buyouts, acquisitions, and

expansion.

Argosy Investment Partners V, L.P. Kirk B. Griswold

950 West Valley Road, Suite 2900

Wayne, PA 19087

Phone: (610)971-9685 Fax: (610)964-9524

Email: kirk@argosycapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Boathouse Capital II LP

Kenneth E. Jones, Contact

200 West Lancaster Avenue, Suite 206 Wayne, PA 19087

Phone: (610)977-2787 Fax: (610)688-3410

Email: ken.jones@boathousecapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Boathouse Capital LP

Kenneth E. Jones, Contact

200 West Lancaster Avenue, Suite 206

Email: ken.jones@boathousecapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $15,000,000

TYPE OF CAPITAL PROVIDED

Mezz. loans of 5-7 yrs in dur- ation & equity co-investments alongside the mezz. loans.

FUNDING STAGE PREFERENCE

EBITDA positive of least

$2,000,000.

INDUSTRY PREFERENCE

None, we're generalist investors.

GEOGRAPHIC PREFERENCES

Nationwide

DESCRIPTION OF FIRM'S FOCUS

Good lower middle market companies who have a niche or a strong reason to exist.

CIP Capital L.P.

Bobby Yablunksy

1200 Liberty Ridge Drive Suite 300

Wayne, PA 19087

Phone: (610)964-7875 Fax: (610)964-8136

Email: byablu01@scppartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $250,000 Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Equity Debt

FUNDING STAGE PREFERENCE

Expansion Later Stage

INDUSTRY PREFERENCE

Life Sciences

Communications Financial Services

GEOGRAPHIC PREFERENCES

East Coast

DESCRIPTION OF FIRM'S FOCUS

F.N.B. Capital Partners, L.P. Stephen J. Gurgovits, Jr.

6031 Wallace Road Extension, Suite 201

Wexford, PA 15090

Phone: (724)602-4401 Fax: (412)945-5905

Email: SGurgovits@FNBCP.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Meridian Venture Partners II, L.P. Robert E. Brown, Jr., Contact

259 North Radnor-Chestor Road

Suite 130

Radnor, PA 19087

Phone: (610)254-2999 Fax: (610)254-2996

Email: rbroderick@meridian-venture.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $5,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Buyout and growth equity

FUNDING STAGE PREFERENCE

Later stage INDUSTRY PREFERENCE

Diversified: including aviation, manufacturing, healthcare, business services and specialty retail

GEOGRAPHIC PREFERENCES

Eastern and Central Time Zones

DESCRIPTION OF FIRM'S FOCUS

Lower-middle-market companies with exceptional growth potential.

Merion Investment Partners II, L.P. Gayle G. Hughes, Contact

555 E. Lancaster Avenue Suite 500

Fax:(610)945-1654

Email: ghughes@merionpartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Subordinated debt w/warrants PIK interest or

Equity co-invest

FUNDING STAGE PREFERENCE

Capital for growth and change of control.

INDUSTRY PREFERENCE

Business services Specialty manufacturing Technology and Healthcare products and services.

GEOGRAPHIC PREFERENCES

United States

DESCRIPTION OF FIRM'S FOCUS

Merion works with both private and equity groups as well as entrepreneurs to finance acquisitions, organic growth and change of control.

Merion Investment Partners, L.P.

William M. Means, Contact

555 E. Lancaster Avenue Suite 500

Fax: (610)945-1654

Email: ghughes@merionpartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt w/warrants PIK interest or

Equity co-invest

FUNDING STAGE PREFERENCE

Capital for growth and change of control

INDUSTRY PREFERENCE

Business services Specialty manufacturing Technology and Healthcare products and services.

GEOGRAPHIC PREFERENCES

United States

DESCRIPTION OF FIRM'S FOCUS

Merion works with both private equity groups as well as entrepreneurs to finance acquisitions, organic growth and change of control.

NewSpring Mezzanine Capital II, L.P. Johnathan Schwartz, Contact

555 East Lancaster Avenue, Suite 444

 

Fax: (610)567-2388

Email: jschwartz@newspringventures.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

FUNDING STAGE PREFERENCE

NewSpring Mezzanine Capital, L.P.

Marc Lederman, Contact Radnor Financial Center

555 E. Lancaster Ave, Suite 444

 

Fax: (610)567-2388

Email: marc@newspringventures.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $5,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Subordinate Debt w/warrants Equity

Loans

FUNDING STAGE PREFERENCE

Primarily Growth and Expansion Financing Recapitalizations Buyout Financing

INDUSTRY PREFERENCE

Late-stage technology Business services Specialty manufacturing Healthcare services in the lower middle market.

GEOGRAPHIC PREFERENCES

East Coast

Primarily Mid-Atlantic Region

DESCRIPTION OF FIRM'S FOCUS

NewSpring Mezzanine leverages the NewSpring family of private equity funds and partner relationships to source and underwrite both sponsored and unsponsored transactions ac- ross diversified industries and economic cycles.

NewSpring Ventures, L.P.

Michael DiPiano, Managing G P Radnor Financial Center

555 E. Lancaster Ave, Suite 444

 

Fax: (610)567-2388

Email: marc@newspringventures.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: Preferred Max:

Renovus Capital Partners, L.P.

Atif Gilani

308 East Lancaster Avenue Wynnewood, PA 19096

Phone: (646)660-4040 Fax: (610)896-3083

Email: SBACommunications@renovuscapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Puerto Rico

There are no SBIC Licensees currently located in Puerto Rico SBIC

Rhode Island

BCA Mezzanine Fund II, L.P.

Gregory F. Mulligan, Managing Member One Turks Head Place

Suite 1492

Providence, RI 02903

Phone: (401)228-3834 Fax: (401)228-3835

Email: greg@baycapllc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

BCA Mezzanine Fund, L.P.

Gregory F. Mulligan, Managing Member One Turks Head Place

Suite 1492

Providence, RI 02903

Phone: (401)228-3834 Fax: (401)228-3835

Email: Greg@baycapllc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

South Carolina

There are no SBIC Licensees currently located in South Carolina

South Dakota

There are no SBIC Licensees currently located in South Dakota

Tennessee

CCSD II, L.P.

R. Burton Harvey

30 Burton Hills Boulevard., Suite 100 Nashville, TN 37215

Phone: (615)690-7183 Fax: (615)690-7183

Email: bharvey@capfunds.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Claritas Capital Specialty Debt Fund, L.P.

R. Burton Harvey, Contact

30 Burton Hills Boulevard, Suite 100 Nashville, TN 37215

Phone: (615)690-7183 Fax: (615)690-7183

Email: bharvey@capfunds.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Harbert Mezzanine Partners II SBIC, L.P.

Pryor Smartt, Contact

618 Church Street, Suite 500

Nashville, TN 37219-

Phone: (615)301-6395 Fax: (615)301-6401

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Email: ras@petracapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Pharos Capital Partners II, L.P.

Kneeland Youngblood, Contact

8 Cadillac Drive, Suite 180 Brentwood, TN 37027

Phone: (615)234-5522 Fax: (615)263-0234

Email: jgoldberg@pharosfunds.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE

INDUSTRY PREFERENCE

2% management fee GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Pharos Capital Partners III-A, L.P. Kneeland Youngblood

8 Cadillac Drive, Suite 180 Brentwood, TN 37027

Phone: (615)234-5522 Fax: (615)263-0234

Email: jgoldberg@pharosfunds.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE

INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Tenth Street Fund III, L.P.

Bill Nutter

30 Burton Hills Boulevard, Suite 350 Nashville, TN 37215

Phone: (615)665-3636 Fax: (615)665-3896

Email: bill@tenthstreetcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Texas

BA Capital Company, L.P.

Doug Williamson, Sr. Vice President 5207 McKinney Ave, Suite 21

Dallas, TX 75205-

Phone: (214)508-0900 Fax: (214)508-0985

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Banc of America Capital Investors SBIC, L.P.

5207 McKinney Ave, Suite 21

Dallas, TX 75205-

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Blue Sage Capital II, L.P. Peter J. Huff

114 West 7th Street, Suite 820 Austin, TX 78701

Phone: (512)536-1901 Fax: (512)236-9215

Email: peter.huff@bluesage.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Blue Sage Capital, L.P. Peter Huff, Contact

114 West 7th Street, Suite 820

 

Fax: (512)236-9215

Email: peter.huff@bluesage.com INVESTMENT CRITERIA

INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED FUNDING STAGE PREFERENCE

Later stage - small- mid

market.

INDUSTRY PREFERENCE

Revenue size: $5 mil to $100 mil

$10 to $100 mil enterprise value

GEOGRAPHIC PREFERENCES

Texas

New Mexico Oklahoma Arkansas Louisiana

DESCRIPTION OF FIRM'S FOCUS

Manufacturers, distributions, and services.

C3 Capital Partners II, L.P.

2100 McKinney Avenue, Suite 1550

Dallas, TX 75201

Phone: (214)292-2000 Fax: (214)292-2007

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Capital Southwest Venture Corp.

Gary Martin, President

5400 Lyndon B. Johnson Freeway Suite 1300

Dallas, TX 75240-

Phone: (972)233-8242 Fax: (972)233-7362

Email: tmorris@capitalsouthwest.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $1,000,000 Preferred Max: $6,000,000

TYPE OF CAPITAL PROVIDED

Prefer Equity-Type Investments Subordinated Debt

FUNDING STAGE PREFERENCE

Early Expansion Later Stages MBO

INDUSTRY PREFERENCE

Manufacturing Retail Technology

No Real Estate or Banking Medical/Health

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Capital Southwest has the flexibility to hold investments indefinitely, which has provided its managers a stable ownership platform since its founding in 1961. For more info., visit the company's website @ www.capitalsouthwest.com.

Dos Rios Partners - A, L.P. Pat McKinney Baskin, Jr.

205 Wild Basin Road S. Building 3, Suite 100

 

Fax: (512)298-0810

Email: kevin.benoit@dosriospartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Dos Rios Partners, L.P.

Pat McKinney Baskin, Jr.

205 Wild Basin Road S. Building 3, Suite 100

Fax: (512)298-0810

Email: kevin.benoit@dosriospartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Escalate Capital Partners SBIC I, L.P. Tony Schell, Contact

300 West 6th Street, Suite 2300

 

Fax: (512)651-2101

Email: SBIC@escalatecapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Escalate Capital Partners SBIC III, LP

Anthony Schell

300 W. 6th Street, Suite 2230 Austin, TX 78401

Phone: (512)651-2105 Fax: (512)628-3004

Email: tony@escalate.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Independent Bankers Capital Fund II, L.P. Tom Hoyt, Contact

1700 Pacific Avenue, Suite 2740

Dallas, TX 75201

Phone: (214)722-6200 Fax: (214)722-6220

Email: thoyt@ibcfund.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

Mezzanine Equity

FUNDING STAGE PREFERENCE

Expansion: 25%

Later: 50%

Change of control: 25%

INDUSTRY PREFERENCE

Diversified: no industry with more than 25% of the portfolio

GEOGRAPHIC PREFERENCES

Texas >70%

Southwest <30%

DESCRIPTION OF FIRM'S FOCUS

Revenue: up to $10M EBITDA: up to $2M

Independent Bankers Capital Fund, L.P.

Barry Conrad, Tom Hoyt, Contacts 1700 Pacific Avenue, Suite 2740

 

Fax: (214)722-6220

Email: mtaylor@independentbankerscap.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Later-stage growth Acquisition and expansion

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

Texas Southwest

DESCRIPTION OF FIRM'S FOCUS

Investment strategy focused upon financings of lower-middle-market companies with proven operating histories located within the Southwestern United States.

LiveOak Venture Partners IA, L.P. Venu Shamapant

805 Las Cimas Parkway, Suite 125

 

Fax: (512)900-7977

Email: venu@liveoakvp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

PREFERENCE

INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Main Street Capital II, LP

Todd Reppert, Contact

1300 Post Oak Boulevard, Suite 800

Houston, TX 77056

Phone: (713)350-6029 Fax: (713)350-6042

Email: RStout@MainStCapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $15,000,000

TYPE OF CAPITAL PROVIDED

Loans Equity

FUNDING STAGE PREFERENCE

Expansion Buyout Recapitalization

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

Southwest, Gulf Coast

DESCRIPTION OF FIRM'S FOCUS

Expansion or Transaction Financing.

Main Street Mezzanine Fund, L.P. Todd A. Reppert, Contact

1300 Post Oak Boulevard, Suite 800

Houston, TX 77056

Phone: (713)350-6029 Fax: (713)350-6042

Email: Rstout@MainStCapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $15,000,000

TYPE OF CAPITAL PROVIDED

Loans

Equity

FUNDING STAGE PREFERENCE

Expansion Buyout Recapitalization

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

Southwest, Gulf Coast

DESCRIPTION OF FIRM'S FOCUS

Expansion or Transaction Financing. Samll concerns with cash flow positive

Parallel Investment Opportunity Partners II L.P. Andrei Dorenbaum

1000 Main Street, Suite 2500

Houston, TX 77002

Phone: (713)209-7365 Fax: (713)209-7351

Email: adorenbaum@capitalroyalty.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Stellus Capital SBIC LP

Dean D'Angelo

4400 Post Oak Parkway, Suite 2200

Houston, TX 77027

Phone: (713)292-5403 Fax: (713)292-5450

Email: dangelo@stelluscapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE

SunTx Fulcrum Fund II - SBIC, L.P. Ned N. Fleming, Contact

Two Lincoln Centre

5420 LBJ Freeway, Suite 1000

Dallas, TX 75240

Phone: (972)663-8900 Fax: (972)661-9981

Email: tkelly@suntx.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Equity Capital Investments

FUNDING STAGE PREFERENCE

30% - development stage 30% - growth stage

30% - expansion stage 10% - turnaround stage

INDUSTRY PREFERENCE

$3 million to $6 million

GEOGRAPHIC PREFERENCES

Sunbelt region - Alabama, Arkansas, Arizona Georgia, Kentucky

New Mexico Louisiana, Florida

DESCRIPTION OF FIRM'S FOCUS

manufacturing, distribution and services

Toronto Dominion Capital (U.S.A.), Inc.

Martha Gariepy, Contact 909 Fannin, Suite 1950

Houston, TX 77010

Fax: (713)652-2647

Email: Martha.Gariepy@TDCapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: Preferred Max:

TYPE OF CAPITAL PROVIDED

Equity Subordinated Debt Debt

FUNDING STAGE PREFERENCE

Expansion Later Stage MBO

Acquisitions

INDUSTRY PREFERENCE

Telecommunications Healthcare

Energy

Forest Products Media

GEOGRAPHIC PREFERENCES

National

DESCRIPTION OF FIRM'S FOCUS

Extensive experience in the media and communications industries complemented by the knowledge base

and resources of other industry groups such as healthcare, energy, and forest products.

Valesco Commerce Street Capital, L.P. Daniel H. Moore, Contact

325 North St. Paul, Suite 3200

Fax: (214)880-8646

Email: bmoore@valescoind.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $2,000,000 Preferred Max: $7,000,000

TYPE OF CAPITAL PROVIDED

Mezzanine Equity

FUNDING STAGE PREFERENCE

Expansion Acquisition Growth

INDUSTRY PREFERENCE

Manufacturing Distribution Service

GEOGRAPHIC PREFERENCES

South-Central, U.S. DESCRIPTION OF FIRM'S FOCUS

Utah

EPIC Venture Fund IV, LLC

Nick Efstratis

15 W. South Temple, Suite 500 Salt Lake City, UT 84101

Phone: (801)524-8939 Fax: (801)524-8941

Email: ryan@epicvc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Pelion Ventures V Financial Institutions Fund, LP

James Dreyfous

2755 E. Cottonwood Parkway, Suite 520 Salt Lake City, UT 84121

Phone: (801)365-0262 Fax: (801)365-0233

Email: jdreyfous@pelionvp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

FUNDING STAGE PREFERENCE

Utah Ventures III, L.P. Jaquie McKay, Contact

2755 E. Cottonwood Parkway

Suite 520

Salt Lake City, UT 84121

Phone: (801)365-0262 Fax: (801)365-0233

Email: jaquie@pelionvp.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $3,000,000 Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Equity Bridge loans

FUNDING STAGE PREFERENCE

Early Stage

INDUSTRY PREFERENCE

Software, SAS Digital Media Networking/ Telecomm Security

Medical Devices

GEOGRAPHIC PREFERENCES

Utah Mountain West California

DESCRIPTION OF FIRM'S FOCUS

Find and help develop early state high growth companies in software, services, networking, security, digital media, infrastructure, telecommunications and medical devices.

UTFC Fund II, LLC

Scott Stenberg, Managing Director

268 S. State Street, Suite 260 Salt Lake City, UT 84111

Phone: (801)741-4200 Fax: (801)741-4249

Email: scott@innoventures.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $100,000 Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Debt

FUNDING STAGE PREFERENCE

Early growth

INDUSTRY PREFERENCE

Technology and service

GEOGRAPHIC PREFERENCES

Utah and surrounding states

DESCRIPTION OF FIRM'S FOCUS

Companies that have seen an acceptance of their product and need working capital to continue to grow sales.

UV Partners IV Financial Institutions Fund, L.P. James Dreyfous, Contact

2755 East Cottonwood Parkway, Suite 520

Salt Lake City, UT 84121

Phone: (801)365-3262 Fax: (801)365-0233

Email: jaquie@uvpartners.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

vSpring III D, L.P.

Scott Petty, Contact

2795 E. Cottonwood Parkway, Suite 360 Salt Lake City, UT 84121

Phone: (801)942-8999 Fax: (801)942-1636

Email: travis@vspring.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

vSpring SBIC, L.P.

Travis Heath, Contact

2795 E. Cottonwood Parkway, Suite 360 Salt Lake City, UT 84121

Phone: (801)942-8999 Fax: (801)942-1636

Email: travis@signalpeakvc.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Wasatch Venture Fund II, LLC Nick Efstratis

15 W. South Temple, Suite 500

INVESTMENT CRITERIA

INVESTMENT SIZE RANGE

Preferred Min: Preferred Max:

TYPE OF CAPITAL PROVIDED FUNDING STAGE

Wasatch Venture Fund III, L.L.C.

Nick Efstratis

15 W. South Temple, Suite 500

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Preferred Min: $0 Preferred Max: $0

TYPE OF CAPITAL PROVIDED FUNDING STAGE PREFERENCE

INDUSTRY PREFERENCE GEOGRAPHIC PREFERENCES DESCRIPTION OF FIRM'S FOCUS

Virginia

BIA Digital Partners SBIC II LP

Lloyd Sams, Contact

15120 Enterprise Court, Suite 200

Chantilly, VA 20151

Phone: (703)227-9600 Fax: (703)227-9645

Email: lsams@bia.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Gladstone SSBIC Corporation (SSBIC) David Watson, CFO

1521 Westbranch Drive, Suite 200

McLean, VA 22102

Phone: (703)287-5860 Fax: (703)287-5801

Email: david.watson@gladstonecompanies.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $250,000 Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Loans Equity

FUNDING STAGE PREFERENCE

Growth Expansion Later Stage

INDUSTRY PREFERENCE

Diversified

GEOGRAPHIC PREFERENCES

North South Midwest

DESCRIPTION OF FIRM'S FOCUS

Leeds Novamark Capital I, L.P. Mark Raterman

Plaza America Tower II

11710 Plaza America Drive, Suite 160

 

Fax: (703)651-2149

Email: raterman@leedsnovamark.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $0 Preferred Max: $0

Solutions Capital I, L.P. Hagen Saville, Contact

1001 19th Street North, 10th Floor

Arlington, VA 22209

Phone: (703)247-7500 Fax: (703)247-7505

Email: hsaville@mcgcapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $5,000,000 Preferred Max: $19,500,000

TYPE OF CAPITAL PROVIDED

Debt in support of buyouts and recapitalizations

FUNDING STAGE PREFERENCE

Late Stage

INDUSTRY PREFERENCE

Diverse

GEOGRAPHIC PREFERENCES

United States

DESCRIPTION OF FIRM'S FOCUS

Experience in light manufacturing, business services, recurring revenue industries, software, media, information services, education, healthcare, telecom.

Virginia Capital SBIC, L.P.

Frederick Russell & Tom Deardorff, Mgrs. 1801 Libbie Avenue, Suite 201

Richmond, VA 23226

Phone: (804)648-4802 Fax: (804)648-4809

Email: fred@vacapital.com

INVESTMENT CRITERIA INVESTMENT SIZE RANGE

Preferred Min: $1,000,000 Preferred Max: $4,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Growth

INDUSTRY PREFERENCE

Health care, media, communications, insurance, and other business and consumer services.

GEOGRAPHIC PREFERENCES

Southeastern U.S.

DESCRIPTION OF FIRM'S FOCUS

www.vacapital.com/inv_type

SBIC Licensees Located in Virgin Islands on October 2, 2014

There are no SBIC Licensees currently located in Virgin Islands

Vermont

There are no SBIC Licensees currently located in Vermont

Washington

There are no SBIC Licensees currently located in Washington SBIC

Wisconsin

There are no SBIC Licensees currently located in Winconsin SBIC

West Virginia

There are no SBIC Licensees currently located in West Virginia

Wyoming

There are no SBIC Licensees currently located in Wyoming

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