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Directory of SBIC Licensees

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.

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

SBIC Licensees as of May 12, 2016

SBIC Licensees Located in Alaska

There are no SBIC Licensees currently located in Alaska


SBIC Licensees Located in 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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
Preferred Max: $0


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in California

Alpine Investors IV SBIC, LP


Tara Genstil
Two Embarcadero Center, Suite 2320
San Francisco, CA 94111
Phone: (415)392-9100 Fax: (415)392-9101
Email: backoffice@alpine-investors.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $10,000,0
Preferred Max: $20,000,0


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Alpine Investors V SBIC, LP


Tara Genstil
Two Embarcadero Center, Suite 2320
San Francisco, CA 94111
Phone: (415)392-9100 Fax: (415)392-9101
Email: backoffice@alpine-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



Avante Mezzanine Partners SBIC II, L.P.


Clifford A. Lyon
11150 Santa Monica Blvd., Suite 1470
Los Angeles, CA 90025
Phone: (310)667-9242 Fax: (310)728-1755
Email: jharman@avantemezzanine.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



Avante Mezzanine Partners SBIC, L.P.


Clifford A. Lyon, Contact
11150 Santa Monica Boulevard
Suite 1470
Los Angeles, CA 90025
Phone: (310)667-9242 Fax: (310)728-1755
Email: jharman@avantemezzanine.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $6,000,00
Preferred Max: $10,000,0


TYPE OF CAPITAL PROVIDED
Debt 87%;
Equity 13%,


FUNDING STAGE PREFERENCE
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 PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Hercules Technology II, L.P.


Andrew Olson, Contact
400 Hamilton Avenue, Suite 310
Palo Alto, CA 94301
Phone: (650)289-3072 Fax: (650)473-9194
Email: aolson@htgc.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


Hercules Technology III, LP


Andrew Olsonn, Contact
400 Hamilton Avenue, Suite 310
Palo Alto, CA 94301
Phone: (650)289-3072 Fax: (650)473-9194
Email: aolson@htgc.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



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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 PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Levine Leichtman Capital Partners SBIC Fund, L.P.


Steve Hogan
335 North Maple Drive, Suite 130
Beverly Hills, CA 90210
Phone: (310)275-5335 Fax: (310)275-1441
Email: shogan@llcp.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


Multiplier Capital, LP


Ray Boone
815 Moraga Drive
Los Angeles, CA 90049-


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



Norwest Strategic Capital, L.P.


Promod Haque
525 University Avenue, Suite 800
Palo Alto, CA 94301
Phone: (850)321-8000 Fax: N/A
Email: promod.haque@nvp.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


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Propel Venture Partners US Fund I, L.P.


Thomas Whiteaker
55 Second Street, Suite 1900
San Francisco, CA 94105
Phone: (650)888-5833 Fax: N/A
Email: thomas.whiteaker@bbva.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


Rembrandt Venture Partners II, L.P.


Gerald S. Casilli, Contact
600 Montgomery Street
44th Floor
San Francisco, CA 94111-2819
Phone: (650)326-7070 Fax: (650)326-3780
Email: jcasilli@rembrandtvc.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



SBJ Fund, LP


Gus Spanos
1350 Treat Boulevard, Suite 400
Walnut Creek, CA 94597
Phone: (415)848-1990 Fax: (415)358-1550
Email: sbamessages@sbjcap.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


Shepherd Ventures II, L.P.


George C. Kenney, Contact
11722 Sorrento Valley Road
Suite G-2
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Silver Lake Waterman Fund II, L.P.


Thomas Conneely
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



St. Cloud Capital Partners III SBIC, LP


Kacy Rozelle
10866 Wilshire Boulevard, Suite 1450
Los Angeles, CA 90024
Phone: (310)475-2700 Fax: (310)475-0550
Email: krozelle@stcloudcapital.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



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: $10,000,0
Preferred Max: $20,000,0


TYPE OF CAPITAL PROVIDED
Senior secured loan: 60%
Senior secured debt: 35%
Equity: 5%


FUNDING STAGE PREFERENCE
Expansion 15%
Later Stage 50%
Change of Control 25%
Turnaround 10%
recap,turnaround,venture


INDUSTRY PREFERENCE
Tech 15%
Heathcare/life science 15%
Manufacturing 10%
Service 20%
Others 40%


GEOGRAPHIC PREFERENCES
West 25%
Northeast 15%
Midwest 15%
Southeast 15%
Mid-Atlantic 25%


DESCRIPTION OF FIRM'S FOCUS
Distressed opportunities in large companies
Target revenue: $50-$500M
Target EBITDA: $10-$100M
Target IRR (senior-debt):9%-13%
Debt loss: 1-2%
Averge deal size: $10M



Ticonderoga SBIC, L.P.


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


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


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in Colorado

There are no SBIC Licensees currently located in Colorado


SBIC Licensees Located in Connecticut

Balance Point Capital Partners II, L.P.


Seth W. Alvord
285 Riverside Avenue, Suite 200
Westport, CT 06880
Phone: (203)652-8255 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 PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Balance Point Capital Partners, L.P.


Seth W. Alvord, Contact
285 Riverside Avenue, Suite 200
Westport, CT 06880
Phone: (203)652-8255 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 PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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: $4,000,00
Preferred Max: $15,000,0


TYPE OF CAPITAL PROVIDED
Mezzanine


FUNDING STAGE PREFERENCE
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 PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


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: $3,000,00
Preferred Max: $6,500,00


TYPE OF CAPITAL PROVIDED
Subordinated Debt


FUNDING STAGE PREFERENCE
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


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Fifth Street Mezzanine Partners IV, L.P.


Jessica Tannenbaum, Contact
777 West Putnam Ave., 3rd Floor
Greenwich, CT 06830
Phone: (203) 681-3656 Fax: (203) 681-3879
Email: jessica@fifthstreetfinance.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $5,000,000
Preferred Max: $0


TYPE OF CAPITAL PROVIDED
First Lien Debt, One-Stop
Financing, Second Lien Debt,
Mezzanine Debt


FUNDING STAGE PREFERENCE
Acquisition, Later Stage


INDUSTRY PREFERENCE
Healthcare, Software & Tech.,
Industrials, Business Services,
Consumer Products, Retail,
Food & Restaurants, Marketing,
Services, Areospace & Defense.


GEOGRAPHIC PREFERENCES
United States


DESCRIPTION OF FIRM'S FOCUS
Provides custom-tailored financing solutions
to middle market companies, primarily in
connection with investments by private
equity sponsors. Target companies have
positive EBITDA and a scalable business
model.



Fifth Street Mezzanine Partners V, L.P.


Jessica Tannenbaum, Contact
777 West Putnam Ave., 3rd Floor
Greenwich, CT 06830
Phone: (203) 681-3656 Fax: (203) 681-3879
Email: jessica@fifthstreetfinance.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $5,000,000
Preferred Max: $0


TYPE OF CAPITAL PROVIDED
First Lien Debt, One-Stop
Financing, Second Lien Debt,
Mezzanine Debt.


FUNDING STAGE PREFERENCE
Acquisition, Later Stage


INDUSTRY PREFERENCE
Healthcare, Software & Tech.,
Industrials, Business Services,
Consumer Products, Retail,
Food & Restaurants, Marketing
Services, Aerospace & Defense.


GEOGRAPHIC PREFERENCES
United States


DESCRIPTION OF FIRM'S FOCUS
Provides custom-tailored financing solutions
to middle market companies, primarily in
connection with investments by private
equity sponsors. Target companies have
positive EBITDA and a scalable business
model.



First New England Capital III, L.P.


Richard C. Klaffky, President
285 Riverside Avenue, Suite 200
Westport, CT 06880
Phone: (203)652-8250 Fax: (203)716-9828
Email: rklaffky@fnec.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



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: $1,000,00


TYPE OF CAPITAL PROVIDED
Subordinated Debt
Equity


FUNDING STAGE PREFERENCE
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Ironwood Mezzanine Fund II 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: $5,000,00
Preferred Max: $10,000,0


TYPE OF CAPITAL PROVIDED
Subordinated debt w/warrants
Preferred Stock


FUNDING STAGE PREFERENCE
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


MSR I SBIC, L.P.


Daniel A. Levinson
325 Lafayette Street, Unit 9101
Bridgeport, CT 06604
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 PREFERENCE
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


New Canaan Funding Mezzanine VI 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Small Business Community Capital II, L.P.


Jay C. Garcia
9W Broad Street
Suite 530
Stamford, CT 06902-
Phone: (646)206-3284 Fax: (646)219-4175
Email: jgarcia@sbccfund.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


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in District of Columbia

Ares Venture Finance, L.P.


Miriam G. Krieger
2200 Pennsylvania Avenue, NW
Suite 400-E
Washington, DC 20037-
Phone: (202)721-6180 Fax: (202)380-0667
Email: mkrieger@aresmgmt.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


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in Delaware

There are no SBIC Licensees currently located in Delaware


SBIC Licensees Located in Florida

Ballast Point Ventures III, L.P.


Paul Johan
401 East Jackson Street
Suite 2300
Tampa, FL 33602
Phone: (813)906-8500 Fax: (813)906-8514
Email: pjohan@ballastpointventures.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


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Banyan Mezzanine Fund, L.P.


John A. Miller, Contact
1111 Brickell Avenue, Suite 1300
Miami, FL 33131
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 PREFERENCE


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


KLH Capital Fund III, L.P.


James B. Darnell
601 Bayshore Boulevard, Suite 850
Tampa, FL 33606
Phone: (813)222-0160 Fax: (813)222-0161
Email: james@klhcapital.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



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Noro-Moseley Partners SBIC, LP


William L. Hudson
3284 Northside Parkway NW
Suite 525
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Peachtree II, L.P.


David Christopher, Contact
1230 Peachtree Street NE
Suite 1900
Atlanta, GA 30309
Phone: (404)870-8900 Fax: (404)870-8905
Email: david@peachtreeequity.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,00
Preferred Max: $10,000,0


TYPE OF CAPITAL PROVIDED
Subordinated Debt
Preferred Equity


FUNDING STAGE PREFERENCE
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
1225 Johnson Ferry Road
Regency Park, Suite 630-A
Marietta, GA 30068
Phone: (770)790-5034 Fax: (770)790-5104
Email: swhite@salemhalifax.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,00
Preferred Max: $10,000,0


TYPE OF CAPITAL PROVIDED
Subordinated Debt
Mezzanine Equity


FUNDING STAGE PREFERENCE
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: $1,000,00
Preferred Max: $10,000,0


TYPE OF CAPITAL PROVIDED
Controlled Equity Positions


FUNDING STAGE PREFERENCE
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.



SBIC Licensees Located in Guam

There are no SBIC Licensees currently located in Guam


SBIC Licensees Located in Hawaii

There are no SBIC Licensees currently located in Hawaii


SBIC Licensees Located in Iowa

AAVIN Equity Partners I, L.P.


James D. Thorpe, Contact
1245 First Avenue SE,
Cedar Rapids, IA 52402
Phone: (319)247-1072 Fax: (319)363-9519
Email: jthorp@aavin.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $3,000,00


TYPE OF CAPITAL PROVIDED
Equity
Subordinated Debt


FUNDING STAGE PREFERENCE
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



AAVIN Mezzanine Fund, LP


James D. Thorp
1245 First Avenue SE
Cedar Rapids, IA 52402
Phone: (319)247-1072 Fax: (319)363-9519
Email: gmilroy@aavin.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



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: $2,500,00


TYPE OF CAPITAL PROVIDED
Subordinated Debt
Preferred Stock
Equity


FUNDING STAGE PREFERENCE
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.



SBIC Licensees Located in Idaho

There are no SBIC Licensees currently located in Idaho


SBIC Licensees Located in 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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: $2,000,00
Preferred Max: $8,000,00


TYPE OF CAPITAL PROVIDED
Mezzanine and Equity


FUNDING STAGE PREFERENCE
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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: $40,000,0
Preferred Max: $150,000,


TYPE OF CAPITAL PROVIDED
Equity
Sub. Debt w/Warrants


FUNDING STAGE PREFERENCE
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: $40,000,0
Preferred Max: $150,000,


TYPE OF CAPITAL PROVIDED
Equity
Sub. Debt w/Warrants


FUNDING STAGE PREFERENCE
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.



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: $1,000,00
Preferred Max: $20,000,0


TYPE OF CAPITAL PROVIDED
Equity
Mezzanine


FUNDING STAGE PREFERENCE
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


CFB Venture Fund L.P.


Dan W. O' Connell
120 S. Riverside, Suite 2160
Chicago, IL 60606
Phone: (312)466-9276 Fax: (312)466-9278


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



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: $2,000,00
Preferred Max: $5,000,00


TYPE OF CAPITAL PROVIDED
Equity


FUNDING STAGE PREFERENCE


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Fidus Mezzanine Capital, L.P.


Edward H. Ross, Contact
1603 Orrington Avenue, Suite 1005
Evanston, IL 60201
Phone: (847)859-3940 Fax: (847)859-3953
Email: eross@fiduspartners.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $4,000,00
Preferred Max: $15,000,0


TYPE OF CAPITAL PROVIDED
Loans, Debt
Equity
Co-investment (non-control)


FUNDING STAGE PREFERENCE
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
200 South Wacker Drive
Suite 750
Chicago, IL 60606
Phone: (312)281-4609 Fax: (312)281-4646
Email: jwalker@freeportfinancial.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



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: $4,000,00
Preferred Max: $6,000,00


TYPE OF CAPITAL PROVIDED
Debt or debt/equity securities


FUNDING STAGE PREFERENCE
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: $3,000,00
Preferred Max: $10,000,0


TYPE OF CAPITAL PROVIDED
Debt-60%
Equity-40%


FUNDING STAGE PREFERENCE
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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: DBishop@lasallecapital.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



LaSalle Capital Group, L.P.


Andrew Shackelford, CFO
70 W Madison Street, Suite 5710
Chicago, IL 60602-4370
Phone: (312)236-7041 Fax: (312)236-0720
Email: DBishop@lasallecapital.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


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



MK Capital SBIC, L.P.


Bret R. Maxwell, Contact
40 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


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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: djacobson@monroecap.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



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: zuddin@monroecap.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


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


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Prism Mezzanine Fund SBIC, L.P.


Robert Finkel, Contact
444 N. Michigan Avenue, Suite 1820
Chicago, IL 60611
Phone: (312)464-7900 Fax: (312)464-7915
Email: robert@prismfund.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



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: $2,000,00
Preferred Max: $10,000,0


TYPE OF CAPITAL PROVIDED
Equipment Leases
Loans
Secured Mezzanine


FUNDING STAGE PREFERENCE
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in Indiana

1st Source Capital Corporation


Andrea Short, SVP and CFO
4th Floor
South Bend, IN 46634
Phone: (574)235-2416 Fax: (574)235-2227
Email: shorta@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 PREFERENCE
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: $1,000,00


TYPE OF CAPITAL PROVIDED
Subordinate Debt
Equity
Debt


FUNDING STAGE PREFERENCE
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in 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: $1,000,00
Preferred Max: $3,000,00


TYPE OF CAPITAL PROVIDED
Equity
Subordinated Debt


FUNDING STAGE PREFERENCE
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in 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 PREFERENCE
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.



SBIC Licensees Located in Louisiana

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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



LongueVue Capital Partners II, LP


Max Vorhoff, Contact
111 Veterans Boulevard., Suite 1020
Metairie, LA 70005
Phone: (504)293-3610 Fax: (504)293-3636
Email: mvorhoff@lvcpartners.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $6,500,00
Preferred Max: $6,500,00


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+



SBIC Licensees Located in Massachusetts

Crescent Direct Lending SBIC Fund, L.P.


John Bowman
100 Federal Street, 31st Floor
Boston, MA 02111
Phone: (617)854-1501 Fax: (617)854-1550
Email: john.bowman@crescentcap.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


Crystal Financial SBIC LP


Ward K. Mooney
Two International Place, 17th Floor
Boston, MA 02110
Phone: (617)428-8700 Fax: (617)428-8701
Email: colin@crystalsbic.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
LTV(Loan to value): A/R - 90%
Machinery - 70%
Real estate - 60%
Sourece of repayment: borwoing power(revolve
cash balance, collateral



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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



Gemini Investors VI, L.P.


Matthew Keis
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
Primary Venture Partners
One Bank Street, 2nd Floor
Williamstown, MA 01267
Phone: (518)720-3090 Fax: (518)720-3091
Email: Russ@HPVP.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 Ventures, L.P.


Russell Howard, Contact
Primary Venture Partners
One Bank Street, 2nd Floor
Williamstown, MA 01267
Phone: (518)720-3090 Fax: (518)720-3091
Email: Russ@HPVP.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $750,000
Preferred Max: $3,000,00


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: $2,500,00


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.


Lineage Capital II, L.P.


T. Brook Parker
399 Boylston Street, Suite 450
Boston, MA 02116
Phone: (617)778-0672 Fax: (617)778-0659
Email: sba@lineagecap.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



Long River Ventures III, L.P.


Tripp Peake
7 North Pleasant Street, Suite 2C
Amherst, MA 01002
Phone: (413)587-2155 Fax: (413)587-2156
Email: tpeake@longriverventures.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


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



PVP Fund I, L.P.


Russell Howard
Primary Venture Partners
One Bank Street, 2nd Floor
Williamstown, MA 01267
Phone: (518)720-3090 Fax: (518)720-3091
Email: russ@primary.vc


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


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 PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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: $1,250,00


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Legg Mason SBIC Mezzanine Fund, L.P.


Andrew L. John, Contact
2330 W. Joppa Road, Suite 320
Lutherville, MD 21093
Phone: (443)573-3700 Fax: (443)573-3703
Email: ajohn@cscp.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



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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 PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


North Atlantic Venture Fund V, L.P.


Cheryl Hallett
Two City Center, 5th Floor
Portland, ME 04101
Phone: (207)772-4470 Fax: (207)772-3257
Email: challett@northatlanticcapital.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



SBIC Licensees Located in 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: $1,000,00


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:


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE 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: $6,000,00
Preferred Max: $10,000,0


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Convergent Capital Partners II, L.P.


Keith Bares, Contact
505 N. Highway 169, Suite 175
Minneapolis, MN 55441
Phone: (763)432-4081 Fax: (763)432-4085
Email: kbares@cvcap.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,00
Preferred Max: $8,000,00


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 175
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


GMB Mezzanine Capital II, L.P.


Carleton L. Olmanson, Contact
50 South Sixth Street, Suite 1460
Minneapolis, MN 55402
Phone: (612)243-4405 Fax: (612)243-4446
Email: blindquist@gmbmezz.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



GMB Mezzanine Capital III, L.P.


Carleton L. Olmanson
50 South Sixth Street, Suite 1460
Minneapolis, MN 55402
Phone: (612)243-4405 Fax: (612)243-4446
Email: colmanson@gmbmezz.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



GMB Mezzanine Capital, L.P.


Tom Kreimer, CFO
50 South Sixth Street, Suite 1460
Minneapolis, MN 55402
Phone: (612)243-4415 Fax: (612)243-4446
Email: tkreimer@gmbmezz.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,00
Preferred Max: $13,000,0


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
319 Barry Avenue South
Suite 215
Wayzata, MN 55391
Phone: (612)752-1801 Fax: (612)752-1800
Email: lfrecon@lfecapital.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


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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: $1,000,00
Preferred Max: $5,000,00


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in 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: $3,000,00
Preferred Max: $10,000,0


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 PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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: $3,000,00
Preferred Max: $10,000,0


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.


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:


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS
FULLY INVESTED


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Eagle Fund I, L.P.


Megan Munson, 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 PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Eagle Fund II, L.P.


Megan Macheca, CFO
1 N. Brentwood, Suite 1550
Saint Louis, MO 63105
Phone: (314)754-1400 Fax: (314)754-1430
Email: mmacheca@eagleprivatecapital.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



Eagle Fund III, L.P.


Megan Macheca, CFO
1 N. Brentwood, Suite 1550
Saint Louis, MO 63105
Phone: (314)754-1400 Fax: (314)754-1430
Email: mmacheca@eagleprivatecapital.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


Eagle Fund III-A, L.P.


Megan Munson, 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



RiverVest Venture Fund I, L.P.


Thomas C. Melzer, Contact
101 S. Hanley Road, Suite 1850
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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



SBIC Licensees Located in Mississippi

There are no SBIC Licensees currently located in Mississippi


SBIC Licensees Located in Montana

There are no SBIC Licensees currently located in Montana


SBIC Licensees Located in 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: dtownsend@fivepointscapital.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $5,000,00
Preferred Max: $15,000,0


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: dtownsend@fivepointscapital.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


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: dtownsend@fivepointscapital.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:


TYPE OF CAPITAL PROVIDED


FUNDING STAGE 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: dtownsend@fivepointscapital.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $5,000,00
Preferred Max: $15,000,0


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.


Jack McGlinn
2530 Meridian Parkway, Suite 200
Research Triangle Park
Durham, NC 27713
Phone: (919)806-4590 Fax: (866)801-6581


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


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Kian Mezzanine Partners I, L.P.


Kevin McCarthy
4201 Congress Street
Rotunda Building, Suite 440
Charlotte, NC 28209-
Phone: (704)943-2501 Fax: (704)943-4457
Email: cedmondson@kiancapital.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


Mosaic Capital Investors I, LP


H. Dabney Smith
101 South Tryon Street
Suite 2620
Charlotte, NC 28280
Phone: (919)636-6164 Fax: (919)256-5015
Email: dsmith@mosaic-cp.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



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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: $2,000,00
Preferred Max: $8,000,00


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 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE 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: $2,000,00
Preferred Max: $10,000,0


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.



Salem Investment Partners IV, Limited Partnership


Philip W. Martin
1348 Westgate Center Drive, Suite 100
Winston-Salem, NC 27103
Phone: (336)261-4747 Fax: (888)670-9182
Email: pmartin@salemip.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


SJF Ventures III, LP


David A. Kirkpatrick
200 N. Mangum Street, Suite 203
Durham, NC 27701
Phone: (919)530-1177 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 PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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: $5,000,00
Preferred Max: $15,000,0


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.



SBIC Licensees Located in North Dakota

There are no SBIC Licensees currently located in North Dakota


SBIC Licensees Located in Nebraska

FCP Fund II, L.P.


David F. McLeese, Contact
1620 Dodge Street
Omaha, NE 68102
Phone: (402)602-3517 Fax: (402)718-8860
Email: dmcleese@firstcapitalpartners.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



SBIC Licensees Located in New Hampshire

There are no SBIC Licensees currently located in New Hampshire


SBIC Licensees Located in New Jersey

Edison Fund V, L.P.


Ross Martinson, Contact
281 Witherspoon Street
Suite 300
Princeton, NJ 08540
Phone: (215)968-3732 Fax: (609)896-0066
Email: gayle@edisonventure.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,00
Preferred Max: $6,000,00


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
281 Witherspoon Street
Suite 300
Princeton, NJ 08540
Phone: (215)968-3732 Fax: (609)896-0066
Email: ross@martinsonventures.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,00
Preferred Max: $5,000,00


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



SBIC Licensees Located in New Mexico

There are no SBIC Licensees currently located in New Mexico


SBIC Licensees Located in Nevada

There are no SBIC Licensees currently located in Nevada


SBIC Licensees Located in 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: $2,500,00
Preferred Max: $10,000,0


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: $10,000,0
Preferred Max: $30,000,0


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: $2,000,00
Preferred Max: $10,000,0


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 III, L.P.


Steve Berman
60 Madison Avenue, Suite 701
New York, NY 10010
Phone: (212)949-8511 Fax: (212)949-8294
Email: sdberman@argentumgroup.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


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: $1,000,00
Preferred Max: $5,000,00


TYPE OF CAPITAL PROVIDED
Equity
Mezzanine


FUNDING STAGE PREFERENCE
Expansion
Later Stage


INDUSTRY PREFERENCE
Diversified


GEOGRAPHIC PREFERENCES
National


DESCRIPTION OF FIRM'S FOCUS



Bluehenge Capital Secured Debt SBIC, LP


Ari David Kocen
152 West 57th Street
New York, NY 10019
Phone: (212)265-9383 Fax: (212)999-6967
Email: adkocen@bluehenge.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


Bridges Ventures U.S. Sustainable Growth Fund, L.P.


Brian Trelstad
505 Eighth Avenue, Suite 1805
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Brightwood Capital SBIC I, LP


Damien R. Dwin, Contact
810 Seventh Avenue, 26th Floor
New York, NY 10019
Phone: (646)957-9525 Fax: (646)957-9265
Email: sba@brightwoodlp.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



Brightwood Capital SBIC II, LP (SSBIC)


Damien R. Dwin, Contact
810 Seventh Avenue, 26th Floor
New York, NY 10019
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


CapitalSpring SBIC, L.P.


Christina Hougton, CFO
950 3rd Avenue, 24th Floor
New York, NY 10022
Phone: (212)981-0153 Fax: (212)981-0159
Email: choughton@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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE 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: $1,000,00


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 PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


East Coast Capital Holdings Ltd. (SSBIC)


Yitzhak Zelmanovitch, CFO
30 East 29th Street, Suite 204
New York, NY 10016
Phone: (212)686-1515 Fax: (212)686-1131
Email: yz@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
6 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: $5,000,00
Preferred Max: $20,000,0


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
7 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
600 Lexington Avenue, Suite 1401
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



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:


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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



Freshstart Venture Capital Corporation


Alvin Murstein, President
437 Madison Avenue
New York, NY 10022
Phone: (212)328-2110 Fax: (212)328-2133
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


Garrison Capital SBIC, L.P.


Susan George
1290 Avenue of the Americas, Suite 914
New York, NY 10104
Phone: (212)372-9577 Fax: (212)372-9525
Email: mrancic@garrisoninv.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



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



GCM Grosvenor California Impact SBIC Fund, L.P.


Bernard Yancovich
767 5th Avenue, 14th Floor
New York, NY 10153
Phone: (646)362-3737 Fax: N/A
Email: byancovich@gcmlp.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


Gefus SBIC II, L.P.


Christopher F. Davis, Contact
2700 Westchester Avenue, Suite 303
Purcahse, NY 10577-
Phone: (212)308-3403 Fax: (212)308-1182
Email: cdavis@gefinor.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



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Hudson Ferry Capital II, L.P.


Timothy Ross, Contact
275 Madison Avenue, 36th 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE 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: $2,000,00
Preferred Max: $5,000,00


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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
280 Park Avenue
6th Floor East
New York, NY 10017-
Phone: (646)465-8410 Fax: (212)759-0091
Email: MAdler@medleycapital.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



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: $2,500,00
Preferred Max: $7,500,00


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
767 Fifth Avenue
14th Floor
New York, NY 10153
Phone: (646)362-3640 Fax: (646)362-0935
Email: jmetakis@gcmlp.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


Morgan Stanley Impact SBIC LP


Roy Swan
1585 Broadway, 14th Floor
New York, NY 10036
Phone: (212)761-7347 Fax: (212)507-8478
Email: roy.swan@morganstanley.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



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE 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: (646)304-7651
Email: jkline@newmountaincapital.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



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Pelham S2K SBIC, L.P.


Jonathan Terzi
777 Third Avenue
28th Floor
New York, NY 10017
Phone: (212)603-9766 Fax: N/A
Email: jterzi@pelhams2k.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



PennantPark SBIC II, LP


Arthur H. Penn
590 Madison Avenue, 15th Floor
New York, NY 10022
Phone: (212)905-1010 Fax: (212)905-1075
Email: penn@pennantpark.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



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)677-1115
Email: laschm@pinecap.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,00
Preferred Max: $6,000,00


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: $3,000,00
Preferred Max: $15,000,0


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


QS Capital Strategies, L.P.


Henrik Falktoft, Contact
527 Madison Avenue, 11th Floor
New York, NY 10022
Phone: (212)920-3800 Fax: (212)920-3850
Email: hfalktoft@quilvestusa.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



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



RMCF II SBIC Fund, L.P.


Doug England, Contact
45 Rockefeller Center, Suite 2400
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


Mike Grisius
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Triad Investments LP (SSBIC)


Serafin Mariel, Manager
39 West 37th Street, 7th Floor
New York, NY 10018
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



SBIC Licensees Located in 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



MCM Capital Partners III Parallel Fund, L.P.


Mark Mansour
25201 Chagrin Blvd., Suite 360
Beachwood, OH 44122
Phone: (216)514-1845
Email: mark@mcmcapital.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


NCT Ventures Fund II, L.P.


Michael 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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



Oxer BCP Mezzanine Fund, L.P.


Mark T. Bahlmann
1233 Dublin Road
Columbus, OH 43215
Phone: (614)917-7659 Fax: N/A
Email: mark.bahlmann@oxercapital.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


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Stonehenge Opportunity Fund II, L.P.


B. Michael Affinito, Contact
191 West Nationwide Boulevard, Suite 600
Columbus, OH 43215
Phone: (614)246-2500 Fax: (614)246-2582
Email: bmaffinito@stonehengepartners.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,00
Preferred Max: $15,000,0


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 Boulevard, 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Stonehenge Opportunity Fund III-B, L.P.


Peter G. Davies, Contact
191 West Nationwide Boulevard, 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Triathlon Medical Ventures Fund LP


Suzette L. Dutch, Contact
300 E-Business Way, Suite 200
Cincinnati, OH 45241
Phone: (513)247-6122 Fax: (513)247-6199
Email: sdutch@tmvp.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



SBIC Licensees Located in 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: $1,000,00
Preferred Max: $10,000,0


TYPE OF CAPITAL PROVIDED
Loans
Equity


FUNDING STAGE PREFERENCE
Early Stage
Expansion


INDUSTRY PREFERENCE
Diversified


GEOGRAPHIC PREFERENCES
Oklahoma


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in Oregon

SEAM Fund II, L.P.


Steven R. Wilkins
920 SW 6th Avenue, Suite 1400
Portland, OR 97204
Phone: (503)517-4628 Fax: (503)223-1384
Email: srw@endeavourseam.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



SBIC Licensees Located in 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: $3,000,00
Preferred Max: $9,000,00


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Boathouse Capital II LP


Kenneth E. Jones, Contact
353 West Lancaster Avenue, Suite 200
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Boathouse Capital LP


Kenneth E. Jones, Contact
353 West Lancaster Avenue, Suite 200
Wayne, PA 19087
Phone: (610)977-2787 Fax: (610)688-3410
Email: ken.jones@boathousecapital.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,00
Preferred Max: $15,000,0


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: $1,000,00


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 100
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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: $5,000,00
Preferred Max: $10,000,0


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
Radnor, PA 19087
Phone: (610)230-0880 Fax: (610)945-1654
Email: ghughes@merionpartners.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,00
Preferred Max: $10,000,0


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 III, L.P.


Gayle G. Hughes, Contact
555 E. Lancaster Avenue
Suite 500
Radnor, PA 19087-
Phone: (610)230-0880 Fax: (610)945-1654
Email: ghughes@merionpartners.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


New York Credit SBIC Fund, L.P.


Anthony Donofrio
One Presidential Boulevard, 4th Floor
Bala Cynwyd, PA 19004
Phone: (610)617-5328 Fax: (610)617-9853
Email: adonofrio@hamiltonlane.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



NewSpring Mezzanine Capital II, L.P.


Johnathan Schwartz, Contact
555 East Lancaster Avenue, Suite 444
Radnor, PA 19087
Phone: (610)567-2387 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


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


NewSpring Mezzanine Capital III, L.P.


Jonathan Schwartz, Contact
555 East Lancaster Avenue, Suite 444
Radnor, PA 19087
Phone: (610)567-2387 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


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



NewSpring Mezzanine Capital, L.P.


Marc Lederman, Contact
Radnor Financial Center
555 E. Lancaster Ave, Suite 444
Radnor, PA 19087
Phone: (610)567-2380 Fax: (610)567-2388
Email: marc@newspringventures.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $5,000,00
Preferred Max: $10,000,0


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
Radnor, PA 19087
Phone: (610)567-2387 Fax: (610)567-2388
Email: marc@newspringventures.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in Puerto Rico

There are no SBIC Licensees currently located in Puerto Rico


SBIC Licensees Located in Rhode Island

BCA Mezzanine Fund II, L.P.


Gregory F. Mulligan, Managing Member
One Turks Head Place
Suite 1492
Providence, RI 02903
Phone: (401)396-0931 Fax: (401)228-3835
Email: BCAOperations@baycapllc.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


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: BCAOperations@baycapllc.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



SBIC Licensees Located in South Carolina

There are no SBIC Licensees currently located in South Carolina


SBIC Licensees Located in South Dakota

There are no SBIC Licensees currently located in South Dakota


SBIC Licensees Located in Tennessee

CCSD II, L.P.


R. Burton Harvey
40 Burton Hills Boulevard., Suite 250
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Claritas Capital Specialty Debt Fund, L.P.


R. Burton Harvey, Contact
40 Burton Hills Boulevard, Suite 250
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Contemporary Healthcare Fund I, LP


Craig Taylor, Contact
801 Broad Street, Suite 200
Suite 200
Chattanooga, TN 37402
Phone: (423)424-1842 Fax: (877)424-1842
Email: ctaylor@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


Craig Taylor, Contact
801 Broad Street, Suite 200
Chattanooga, TN 37402
Phone: (423)424-1842 Fax: (877)424-1842
Email: ctaylor@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



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


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Petra Growth Fund II, L.P.


Robert A. Smith, Contact
3825 Bedford Avenue, Suite 101
Nashville, TN 37215
Phone: (615)313-5999 Fax: (615)313-5990
Email: mlb@petracapital.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



Petra Growth Fund III, L.P.


Robert A. Smith
3825 Bedford Avenue, Suite 101
Nashville, TN 37215
Phone: (615)313-5997 Fax: (615)313-5990
Email: ras@petracapital.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


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Blue Sage Capital, L.P.


Peter Huff, Contact
114 West 7th Street, Suite 820
Austin, TX 78701
Phone: (512)536-1900 Fax: (512)236-9215
Email: peter.huff@bluesage.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,00
Preferred Max: $10,000,0


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Capital Southwest Venture Corp.


Tracy L. Morris, Chief Operating Officer
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: $1,000,00
Preferred Max: $6,000,00


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
Austin, TX 78746
Phone: (512)298-0801 Fax: (512)298-0810
Email: kevin.benoit@dosriospartners.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


Dos Rios Partners, L.P.


Pat McKinney Baskin, Jr.
205 Wild Basin Road S.
Building 3, Suite 100
Austin, TX 78746
Phone: (512)298-0801 Fax: (512)298-0810
Email: kevin.benoit@dosriospartners.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



Escalate Capital Partners SBIC I, L.P.


Tony Schell, Contact
300 West 6th Street, Suite 2230
Austin, TX 78701
Phone: (512)651-2105 Fax: (512)651-2101
Email: SBIC@escalatecapital.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


Escalate Capital Partners SBIC III, LP


Anthony Schell
300 West 6th Street, Suite 2230
Austin, TX 78701
Phone: (512)651-2105 Fax: (512)628-3004
Email: sbic@escalatecapital.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



Independent Bankers Capital Fund II, L.P.


Tom Hoyt, Contact
1700 Pacific Avenue, Suite 3660
Dallas, TX 75201
Phone: (214)722-6200 Fax: (214)722-6220
Email: thoyt@ibcfund.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,00
Preferred Max: $5,000,00


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 III, L.P.


Tom Hoyt, Contact
1700 Pacific Avenue, Suite 3660
Dallas, TX 75201
Phone: (214)722-6200 Fax: (214)722-6220
Email: thoyt@ibcfund.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



Independent Bankers Capital Fund, L.P.


Barry Conrad, Tom Hoyt, Contacts
1700 Pacific Avenue, Suite 3660
Dallas, TX 75201
Phone: (214)722-6200 Fax: (214)722-6220
Email: mtaylor@independentbankerscap.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,00
Preferred Max: $5,000,00


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
Austin, TX 78746
Phone: (512)413-5886 Fax: (512)498-4999
Email: venu@liveoakvp.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


Main Street Capital II, LP


Rodger Stout, 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: $2,000,00
Preferred Max: $15,000,0


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.


Rodger Stout, 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: $2,000,00
Preferred Max: $15,000,0


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)559-3058
Email: adorenbaum@capitalroyalty.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


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: SBIC@stelluscapital.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



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 3700
Dallas, TX 75201
Phone: (214)880-8690 Fax: (214)880-8646
Email: bmoore@valescoind.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,00
Preferred Max: $7,000,00


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



SBIC Licensees Located in 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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Pelion Ventures V Financial Institutions Fund, LP


Blake Moderniski
2750 E. Cottonwood Parkway, Suite 600
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


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Utah Ventures III, L.P.


Blake Modersitzki
2750 E. Cottonwood Parkway
Suite 600
Salt Lake City, UT 84121
Phone: (801)365-0262 Fax: (801)365-0233
Email: jaquie@pelionvp.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,00
Preferred Max: $10,000,0


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.


Blake Modersitzki
2750 East Cottonwood Parkway, Suite 600
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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Wasatch Venture Fund II, LLC


Nick Efstratis
15 W. South Temple, Suite 500
Salt Lake City, UT 84101
Phone: (801)524-8936 Fax: (801)524-8941
Email: ryan@epicvc.com


INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS


Wasatch Venture Fund III, L.L.C.


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



Zions SBIC, L.L.C.


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


TYPE OF CAPITAL PROVIDED


FUNDING STAGE PREFERENCE


INDUSTRY PREFERENCE


GEOGRAPHIC PREFERENCES


DESCRIPTION OF FIRM'S FOCUS



SBIC Licensees Located in Virginia

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: $1,000,00


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
Reston, VA 20190
Phone: (703)651-2149 Fax: (703)651-2149
Email: raterman@LNC-partners.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



SBIC Licensees Located in Virgin Islands

There are no SBIC Licensees currently located in Virgin Islands


SBIC Licensees Located in Vermont

There are no SBIC Licensees currently located in Vermont


SBIC Licensees Located in Washington

There are no SBIC Licensees currently located in Washington


SBIC Licensees Located in Wisconsin

There are no SBIC Licensees currently located in Wisconsin


SBIC Licensees Located in West Virginia

There are no SBIC Licensees currently located in West Virginia


SBIC Licensees Located in Wyoming

There are no SBIC Licensees currently located in Wyoming