List of Small Business Investment and VC Companies

Arranged by State

Disclaimer:

This directory has been compiled from federal and state government sources.
LookingForVentureCapital.com.com makes no warranty for the accuracy or correctness
of the addresses or information provided below.
Alabama
FJC Growth Capital Corporation

Frank L. Collazo, General Manager

Mail: PO Box 1290
Huntsville, AL 35807

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $350,000
Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Loans w/Equity Features

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Manufacturing
Health/Medical
Communications
Diversified

GEOGRAPHIC PREFERENCES
South
Southeast
Midwest

DESCRIPTION OF FIRM'S FOCUS

Harbert Mezzanine Partners II SBIC, L.P.

William Lucas, Contact

One Riverchase Parkway South
Birmingham, AL 35244

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

Harbinger Mezzanine Partners, L.P.

John Harrison, Contact

One Riverchase Parkway South
Birmingham, AL 35244

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

Hickory Venture Capital Corporation

J. Thomas Noojin, President

301 Washington Street, NW
Suite 100
Huntsville, AL 35801

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $2,000,000

TYPE OF CAPITAL PROVIDED

Equity
Convertible Debt

FUNDING STAGE PREFERENCE

Early Stage
Expansion
LBO
MBO

INDUSTRY PREFERENCE
Healthcare
Security & Crime Prevention
Retail

GEOGRAPHIC PREFERENCES
Mid-Atlantic
South
Southwest
Arizona
Grayhawk Venture Fund I, L.P.

Sherman Chu, Contact

5050 North 40th Street, Suite 310
Phoenix, AZ 85018

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

Magnet Capital, L.P.

Gregory Mischel/Michael Shields, Contact

3550 North Central Ave., Suite 1400
Phoenix, AZ 85012

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $250,000
Preferred Max: $1,500,000

TYPE OF CAPITAL PROVIDED

Loans
Mezzanine
Equity

FUNDING STAGE PREFERENCE

Expansion
Acquisition
Growth

INDUSTRY PREFERENCE
Manufacturing
Wholesale
Service

GEOGRAPHIC PREFERENCES
Southwest

DESCRIPTION OF FIRM'S FOCUS

Arkansas
Diamond State Ventures, L.P.

Joe T. Hays, Contact

200 South Commerce Street
Suite 400
Little Rock, AR 72201-1728

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 Investment Capital, Inc.

John R. Mills, President

12103 Interstate 30
Mail: P.O. Box 3627
Little Rock, AR 72203

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max: $230,000

TYPE OF CAPITAL PROVIDED

Loans

FUNDING STAGE PREFERENCE

Start-Ups
Debt Consolidations

INDUSTRY PREFERENCE
Supermarkets

GEOGRAPHIC PREFERENCES
Arkansas
Oklahoma
Texas
Louisiana

DESCRIPTION OF FIRM'S FOCUS

California
GCG SBIC Investors, L.P.

111 Sutter Street, Suite 1950

San Francisco, CA 94104

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

J.P. Morgan Partners (SBIC), LLC

101 California Street

27th Floor
San Francisco, CA 94111

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, L.P.

Jeff Holland
One Sansome Street
Suite 2100
San Francisco, CA 94104

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

American River Ventures, L.P.

Attention: Sher Pastino

2270 Douglas Blvd., Suite 212
Roseville, CA 95661

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

Bank of America Ventures

Hayley Hoad, Manager, Administration

950 Tower Lane, Suite 700
Foster City, CA 94404

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,000
Preferred Max: $12,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage

INDUSTRY PREFERENCE
Communications/Systems
Internet Infrastructure/Software/Svcs
BtoB e-Commerce
Medical Related Biotechnology

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Bentley Capital (SSBIC)

John Hung, President

592 Vallejo Street, Suite #2
San Francisco, CA 94133

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max: $200,000

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Early Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
West

DESCRIPTION OF FIRM'S FOCUS

Celerity Partners SBIC, L.P.

Clifford A. Lyon, Contact

11111 Santa Monica Blvd., Suite 1127
Los Angeles, CA 90025

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, L.P. (The)

Daniel J. Jessee, Contact

1590 Drew Avenue
Suite 110
Davis, CA 95616

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

CVP SBIC, L.P.

Christopher J. Hadsell, Contact

1010 El Camino Real, Suite 250
Menlo Park, CA 94025

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

Draper Associates, a California LP

Timothy C. Draper, President

2882 Sand Hill Road #150
Menlo Park, CA 94025

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

Draper-Richards L.P.

William Draper III, President

50 California Street,
Suite 2925
San Francisco, CA 94111

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $200,000
Preferred Max: $400,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Seed
Early Stage

INDUSTRY PREFERENCE
Internet
Software

GEOGRAPHIC PREFERENCES
California
Boston, MA
District of Columbia

DESCRIPTION OF FIRM'S FOCUS

Seed stage software/internet deals in
Silicon Valley, Boston or District
of Columbia areas.
East Gate Private Equity Fund III, L.P.

Ken Choi, Contact

514 High Street, Suite #5
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

Emergence Capital Partners SBIC, L.P.

Gordon Ritter, Contact

160 Bovet Road, Suite 300
San Mateo, CA 94402

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

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

First Institutional Round

INDUSTRY PREFERENCE
Technology

GEOGRAPHIC PREFERENCES
Nationwide

DESCRIPTION OF FIRM'S FOCUS

Technology Software and Services
Far East Capital Corp.

Eduardo Ho, Manager

350 S. Grand Ave., Suite 4100
Los Angeles, CA 90071

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $250,000

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
California

DESCRIPTION OF FIRM'S FOCUS

Fulcrum Venture Capital Corporation (SSBIC)

Brian Argrett, President

300 Corporate Pointe, Suite 380
Culver City, CA 90230

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Sub. Debentures
Equity

FUNDING STAGE PREFERENCE

Expansion
Acquisition
$1M in sales

INDUSTRY PREFERENCE
Low/Med Tech
Manufacturing
Communications
Service Industry

GEOGRAPHIC PREFERENCES
West Coast
Prefer CA

DESCRIPTION OF FIRM'S FOCUS

GKM SBIC, L.P.

Jonathan R. Bloch, Contact

11150 Santa Monica Blvd., Suite 825
Los Angeles, CA 90025

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

Hamilton BioVentures, LP

Richard Crosby, Contact

12555 High Bluff Drive, Suite 310
San Diego, CA 92130

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

Horizon Ventures Fund II, LP

Debby Schilling, Contact

4 Main Street, Suite 50
Los Altos, CA 94022

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

Housatonic Equity Investors SBIC, L.P.

Barry Reynolds, Will Thorndike

44 Montgomery Street, Suite 4010
San Francisco, CA 94104

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,000
Preferred Max: $7,000,000

TYPE OF CAPITAL PROVIDED

Equity Investments

FUNDING STAGE PREFERENCE

Later Stage

INDUSTRY PREFERENCE
Business Services
Media
Communications

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Housatonic Micro Fund SBIC, L.P.

Barry Reynolds, Contact

44 Montgomery Street, Suite 4010
San Francisco, CA 94104

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

Huntington Capital, L.P.

Morgan Miller and Barry Wilson, Contacts

11988 El Camino Real, Suite 160
San Diego, CA 92130

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $750,000
Preferred Max: $1,400,000

TYPE OF CAPITAL PROVIDED

Mezzanine Debt and Equity

FUNDING STAGE PREFERENCE

Later Stage

INDUSTRY PREFERENCE
Diversified. No bleeding
edge technology.

GEOGRAPHIC PREFERENCES
Southwest USA

DESCRIPTION OF FIRM'S FOCUS

Please see www.huntingtoncapital.com
Labrador Ventures V-B, L.P.

Sean Foote, Contact

101 University Avenue, 4th 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

LaiLai Capital Corp. (SSBIC)

Paul Kuo, President

17800 Castleton Street
#386
City of Industry, CA 91748

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
California

DESCRIPTION OF FIRM'S FOCUS

Marwit Capital Company, L.P.

Chris Britt, President

100 Bayview Circle
Suite 550
Newport Beach, CA 92660

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

Sub. Debt w/Equity
Preferred Stock

FUNDING STAGE PREFERENCE

Expansion
Acquisitions
Buyouts

INDUSTRY PREFERENCE
Manufacturing/Distribution
Telecommunications/Media
Healthcare/Medical
Food/Consumer Products
Diversified

GEOGRAPHIC PREFERENCES
Western US

DESCRIPTION OF FIRM'S FOCUS

Founded in 1962, Marwit Capital is one of
the oldest SBICs in the country. Provides
capital to and acts as a financial sponsor
for growing middle market companies in a
wide range of industries Prefer sub-debt
financings, but will also invest equity.
Montreux Equity Partners II SBIC, L.P.

Daniel K. Turner III, General Partner

3000 Sand Hill Road
Building 1, Suite 260
Menlo Park, CA 94025-7073

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

Montreux Equity Partners III SBIC, L.P.

Daniel K. Turner III, General Partner

3000 Sand Hill Road
Building 1, Suite 260
Menlo Park, CA 94025-7073

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

Novus Ventures II, L.P.

Daniel D. Tompkins, Managing GP

20111 Stevens Creek Blvd., Suite 130
Cupertino, CA 95014

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

Odyssey Venture Partners II, LP

David Jones, Contact

600 Anton Blvd., Suite 1750
Costa Mesa, CA 92626

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

Opportunity Capital Corporation (SSBIC)

J. Peter Thompson, President

2201 Walnut Avenue, Suite 210
Fremont, CA 94538

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $150,000
Preferred Max: $300,000

TYPE OF CAPITAL PROVIDED

Debt w/Warrants
Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage
Acquisitions

INDUSTRY PREFERENCE
Manufacturing
Healthcare
Telecommunications
Diversified

GEOGRAPHIC PREFERENCES
West Coast
National

DESCRIPTION OF FIRM'S FOCUS

Provides financing to minority entrepreneurs
who seek to acquire or expand profitable,
well-managed companies that have the
potential to produce significant investment
returns via a combination of current
income and equity appreciation.
Opportunity Capital Partners II, L.P.

J. Peter Thompson, General Partner

2201 Walnut Avenue, Suite 210
Fremont, CA 94538

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,500,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Debt w/Warrants
Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage
Acquisitions

INDUSTRY PREFERENCE
Manufacturing
Healthcare
Telecommunications
Diversified

GEOGRAPHIC PREFERENCES
West Coast
National

DESCRIPTION OF FIRM'S FOCUS

Provides financing to minority entrepreneurs
who seek to acquire or expand profitable,
well-managed companies that have the
potential to produce significant investment
returns via a combination of current
income and equity appreciation.
Outlook Ventures III, L.P.

Carl Nichols, Contact

135 Main Street, Suite 1350
San Francisco, CA 94105

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

TYPE OF CAPITAL PROVIDED

Seed
Early Stage
Expansion

FUNDING STAGE PREFERENCE

INDUSTRY PREFERENCE
Technology
Software

GEOGRAPHIC PREFERENCES
Western United States

DESCRIPTION OF FIRM'S FOCUS

Outlook Venture's strategy is to be the
first institutional investor in sustainable
software-based businesses.
Pacific Mezzanine Fund, L.P.

Nathan W. Bell, General Partner

2200 Powell St., Suite 1250
Emeryville, CA 94608

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Loans w/Equity Features

FUNDING STAGE PREFERENCE

Expansion
Later Stage
Buyouts

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Western US

DESCRIPTION OF FIRM'S FOCUS

Peninsula Equity Partners SBIC, L.P.

Gregory C. Ennis, Contact

3000 Sand Hill Road
Building 3, Suite 125
Menlo Park, CA 94025

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

Pinecreek Capital Partners, L.P.

Randall F. Zurbach, President

24 Corporate Plaza, Suite 180
Newport Beach, CA 92660

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $2,000,000

TYPE OF CAPITAL PROVIDED

Sub. Debt w/Warrants

FUNDING STAGE PREFERENCE

Later Stage
Growth
Acquisition

INDUSTRY PREFERENCE
Basic Industries
Diversified

GEOGRAPHIC PREFERENCES
Western US

DESCRIPTION OF FIRM'S FOCUS

Invests in companies with revenues ranging
from $5 to $50 million and a three-year
history of positive cash flow and operating
profits. Will consider all types of
financial situations. Prefer companies in
the western US operating in basic industries
Positive Enterprises, Inc. (SSBIC)

Kwok Szeto, President

1489 Webster Street, Suite 228
San Francisco, CA 94115

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max: $150,000

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Expansion
Early Stage
Later Stage

INDUSTRY PREFERENCE
Diversified
Rest Homes
Manufacturing
Light Industry

GEOGRAPHIC PREFERENCES
North
Regional

DESCRIPTION OF FIRM'S FOCUS

Red Rock Ventures SBIC III, L.P.

Carol M. T. Pereira, Contact

180 Lytton Avenue
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

Rembrandt Venture Partners II, L.P.

Gregory F. Eaton, Contact

2200 Sand Hill Road, Suite 160
Menlo Park, CA 94025

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

Rocket Ventures II SBIC, L.P.

David Adams
2200 Sand Hill Road
Suite 240
Menlo Park, CA 94025

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

Rustic Canyon Ventures SBIC, L.P.

Paul Notaras, Contact

2425 Olympic Blvd., Suite 6050 W
Santa Monica, CA 90404

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

Selby Venture Partners II, L.P.

Robert Marshall, Contact

3500 Alameda De Las Pulgas, 2nd Floor
Menlo Park, CA 94025

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $7,000,000

TYPE OF CAPITAL PROVIDED

Equity
Convertible Debt

FUNDING STAGE PREFERENCE

Seed
Early Stage

INDUSTRY PREFERENCE
Information Technology
Networking/Communications
Enterprise Software
Wireless/emerging technologies

GEOGRAPHIC PREFERENCES
Northern California
West Coast

DESCRIPTION OF FIRM'S FOCUS

Silicon-valley based venture capital fund
focusing on seed and early stage investments
networking and communications, enterprises
software, wireless and emerging technologies
Typical investment ranges from $3m to $7m.
Shepherd Ventures II, L.P.

George C. Kenney, Contact

12250 El Camino Real, Suite 116
San Diego, CA 92130

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

Sorrento Growth Partners I, L.P.

Robert Jaffe, Manager

4370 La Jolla Village Drive, Suite 1040
San Diego, CA 92122

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Early Stage

INDUSTRY PREFERENCE
Med./Health
Special Retail
Communications/
Electronics

GEOGRAPHIC PREFERENCES
Southern
California

DESCRIPTION OF FIRM'S FOCUS

St. Cloud Capital Partners, L.P.

Ben Hom, Contact

10866 Wilshire Blvd., Suite 1450
Los Angeles, CA 90024

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $2,000,000

TYPE OF CAPITAL PROVIDED

Loans
Converible Debt Securities
Debt Securities with Warrants

FUNDING STAGE PREFERENCE

Primarily Growth and
Expansion Financing
Some Turnaround,
Development and
Buyout Financing

INDUSTRY PREFERENCE
Diversified, subject to SBA limits

GEOGRAPHIC PREFERENCES
Western United
States preferred

DESCRIPTION OF FIRM'S FOCUS

St. Cloud seeks well-managed, established
companies with opportunites to significantly
grow their valuation by increasing sales
and/or enhancing margins to increase net
profitability. Prefer companies with strong
debt sevice capability.
Stone Canyon Venture Partners, L.P.

Mike Seibert, Contact

301 N. Canon Drive, Suite 302
Beverly Hills, CA 90210

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

Telegraph Hill Partners SBIC, L.P.

Robert G. Shepler, Contact

360 Post Street, Suite 601
San Francisco, CA 94108

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $7,000,000

TYPE OF CAPITAL PROVIDED

Equity capital

FUNDING STAGE PREFERENCE

Early, mid, late stage.
Capital to be used for
growth of revenue
generating businesses.

INDUSTRY PREFERENCE
Life sciences, healthcare,
medical devices, chemistry,
fine chemicals, modular biology.

GEOGRAPHIC PREFERENCES
Throughout US

DESCRIPTION OF FIRM'S FOCUS

Life science and healthcare companies
with proven business models.
The company should have revenues from unique
leading products and show strong growth
and a path to profitability
TeleSoft Partners II SBIC, L.P.

Arjun Gupta, Manager

Metro Center Tower
950 Tower Lane, Suite 1600
Foster City, CA 94404

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

UnionBanCal Venture Corporation

Robert S. Dawson, President

445 South Figueroa Street
13th Floor
Los Angeles, CA 90071

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

TYPE OF CAPITAL PROVIDED

Loans w/Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Communications
Cable TV
Television
Radio
Telecommunications

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Invests in equity and equity-like
investments in small businesses
as defined by the Small Business
Administration.
Colorado
Appian Ventures SBIC I, L.P.

Phillip Dignan, Contact

1512 Larimer Street, Suite 200
Denver, CO 80202

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Seed - 10%
Early - 70%
Growth - 20%

INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES
Colorado - 60%
Western U.S. - 40%

DESCRIPTION OF FIRM'S FOCUS

IT/Communicaitons technology with early
stage emphasis.
CapEx L.P.

Jeffrey Ross, Manager

518 Seventeenth Street, 17th Floor
Denver, CO 80202

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

Hanifen Imhoff Mezzanine Fund, L.P.

Edward C. Brown, Manager

1125 17th Street, Suite 2260
Denver, CO 80202

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

TYPE OF CAPITAL PROVIDED

Debt w/Equity Features
Preferred Stock
Common Stock

FUNDING STAGE PREFERENCE

Later Stage
MBO
LBO
Acquisition
Growth

INDUSTRY PREFERENCE
Manufacturing
Distribution
Service

GEOGRAPHIC PREFERENCES
Nat. Midwest
Rocky Mountain

DESCRIPTION OF FIRM'S FOCUS

Provider of mezzanine & equity capital to
small & middle market companies.
Funds are used to finance ownership
transitions, recapitalizations, strategic
acquisitions and growth for later
stage businesses.
Roaring Fork Capital SBIC, L.P.

Eugene McColley, Contact

8400 E Prentice Avenue, Suite 745
Greenwood Villag, CO 80111

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

FUNDING STAGE PREFERENCE

Expansion atage - 50%
Later stage - 50%

INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES
N/A

DESCRIPTION OF FIRM'S FOCUS

publicly held small business (micro cap)
Vista Ventures Advantage, LP

Catharine M. Merigold, Contact

1011 Walnut Street, Suite 410
Boulder, CO 80302

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

Appian Ventures SBIC I, L.P.

Phillip Dignan, Contact

1512 Larimer Street, Suite 200
Denver, CO 80202

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Seed - 10%
Early - 70%
Growth - 20%

INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES
Colorado - 60%
Western U.S. - 40%

DESCRIPTION OF FIRM'S FOCUS

IT/Communicaitons technology with early
stage emphasis.
CapEx L.P.

Jeffrey Ross, Manager

518 Seventeenth Street, 17th Floor
Denver, CO 80202

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

Hanifen Imhoff Mezzanine Fund, L.P.

Edward C. Brown, Manager

1125 17th Street, Suite 2260
Denver, CO 80202

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

TYPE OF CAPITAL PROVIDED

Debt w/Equity Features
Preferred Stock
Common Stock

FUNDING STAGE PREFERENCE

Later Stage
MBO
LBO
Acquisition
Growth

INDUSTRY PREFERENCE
Manufacturing
Distribution
Service

GEOGRAPHIC PREFERENCES
Nat. Midwest
Rocky Mountain

DESCRIPTION OF FIRM'S FOCUS

Provider of mezzanine & equity capital to
small & middle market companies.
Funds are used to finance ownership
transitions, recapitalizations, strategic
acquisitions and growth for later
stage businesses.
Roaring Fork Capital SBIC, L.P.

Eugene McColley, Contact

8400 E Prentice Avenue, Suite 745
Greenwood Villag, CO 80111

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

FUNDING STAGE PREFERENCE

Expansion atage - 50%
Later stage - 50%

INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES
N/A

DESCRIPTION OF FIRM'S FOCUS

publicly held small business (micro cap)
Vista Ventures Advantage, LP

Catharine M. Merigold, Contact

1011 Walnut Street, Suite 410
Boulder, CO 80302

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

Connecticut
TD Lighthouse Capital Fund, L.P.

Two Greenwich Plaza, 4th Floor

Greenwich, CT 06830

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

AB SBIC, Inc.

Michael A. Bozzuto, President

275 School House Road
Cheshire, CT 06410

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max: $200,000

TYPE OF CAPITAL PROVIDED

Loans

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE
Food Stores

GEOGRAPHIC PREFERENCES
North

DESCRIPTION OF FIRM'S FOCUS

Altus Capital Partners SBIC, L.P.

Russell Greenberg, Contact

10 Wright Street, Suite 110
Westport, CT 06880

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

80 Field Point Road
Greenwich, CT 06830

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,000
Preferred Max: $6,500,000

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.
Cygnet Capital Partners L.P. SBIC

Owen S. Crihfield, Contact

281 Tresser Boulevard, 4th Floor
Stamford, CT 06901

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

TYPE OF CAPITAL PROVIDED

Prefer Equity Investments

FUNDING STAGE PREFERENCE

Later Stage
Expansion
Acquisitions

INDUSTRY PREFERENCE
Manufacturing, Distribution
Services, Outsourcing
Bus-to-Bus Applications
Industrial Process, Energy
Engineered Products, Utilities

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Equity investments in profitable, smaller,
middle market businesses
Equinox Capital SBIC, L.P.

Steven C. Rodger, Contact

41 West Putnam Avenue
Greenwich, CT 06830

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 2, L.P.

Richard Klaffky, Manager

100 Pearl Street
Hartford, CT 06103

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

First New England Capital, LP

Richard C. Klaffky, President

100 Pearl Street
Hartford, CT 06103

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $1,000,000

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.
GCG SBIC Investors, L.P.

Mark B. Shufro, Contact

10 Wright Street, Suite 110
Westport, CT 06880

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

GreenLeaf Capital, L.P.

Daniel J. O'Brien, Partner

177 Broad Street
Stamford, CT 06901

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

Ironwood Equity Fund LP

Marc A. Reich, Contact

200 Fisher Drive
Avon, CT 06001

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, L.P.

Marc Reich, President, Contact

200 Fisher Drive
c/o Ironwood Capital Advisors LLC
Avon, CT 06001

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $4,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt w/Warrants

FUNDING STAGE PREFERENCE

Expansion
Acquisitions
Consolidations
Recapitalizations
MBO/Managemnt Successions

INDUSTRY PREFERENCE
Manufacturing
Service
Distribution
Consumer Products
Diversified

GEOGRAPHIC PREFERENCES
Mid-Atlantic
through Northeast

DESCRIPTION OF FIRM'S FOCUS

Gen. Mezzanine investor in established com-
panies. Seeking to invest in businesses ownd
by women & people of color & businesses
located in low and moderate income areas.
JHW Greentree Capital, L.P.

Michael B. Cowan, Contact

177 Broad Street, 15th Floor
Stamford, CT 06901

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Equity - 75%

FUNDING STAGE PREFERENCE

Early stage - 25%
Growth and Expansion - 75

INDUSTRY PREFERENCE
$8 million to $10 million

GEOGRAPHIC PREFERENCES
National basis

DESCRIPTION OF FIRM'S FOCUS

Retail/wholesale distribution - 15%;
Manufacturing - 25%
Helathcare - 25%
Basic Industries and Services - 35%
Marketing 1 to 1 Ventures, L.P.

Bruce Blasnik, Contact

One Stamford Landing
Suite 101
Stamford, CT 06902

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
8 Wright Street
Westport, CT 06880

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, Massachusett

DESCRIPTION OF FIRM'S FOCUS

value approach, no industry focus
RFE Investment Partners V, L.P.

James A. Parsons, General Partner

36 Grove Street
New Canaan, CT 06840

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $5,000,000
Preferred Max: $9,000,000

TYPE OF CAPITAL PROVIDED

Prefer Equity Investments

FUNDING STAGE PREFERENCE

Later Stage
Expansion
Acquisitions

INDUSTRY PREFERENCE
Manufacturing
Services
Healthcare
Distribution

GEOGRAPHIC PREFERENCES
National
Eastern US

DESCRIPTION OF FIRM'S FOCUS

Equity investments in acquisitions,
recapitalizations and growth financings
of profitable manufacturing, service or
distribution businesses with at least
$15 million in annual revenues and
attractive growth prospects.
RFE VI SBIC, L.P.

James Parsons, Managing Member.

36 Grove Street
New Canaan, CT 06840

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $8,000,000
Preferred Max: $15,000,000

TYPE OF CAPITAL PROVIDED

Prefer Equity Investments

FUNDING STAGE PREFERENCE

Later Stage
Expansion
Acquisitions

INDUSTRY PREFERENCE
Manufacturing
Healthcare
Distribution
Services

GEOGRAPHIC PREFERENCES
National
Eastern US

DESCRIPTION OF FIRM'S FOCUS

Equity investments in acquisitions,
recapitalizations and growth financings
of profitable manufacturing, service or
distribution businesses with at least
$15million in annual revenues and
attractive growth prospects.
Saugatuck Capital Company, L.P. IV, SBIC

Frank Hawley, Thomas Berardino

One Canterbury Green
Stamford, CT 06901

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

Valentis SB, L.P.

Paul M. Jacobi
411 West Putnam Avenue
Greenwich, CT 06830

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

Madison Investment Partners II, L.P.

Susan Goodrich, Contact

82 Bradley Rd.
Madison, CT 06443

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

Delaware
Inflection Point Ventures II, L.P.

Jeffrey A. Davison, Contact

1 Innovation Way
Suite 500
Newark, DE 19711

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

Innovation Ventures, L.P.

David J. Freschman, Contact

Three Mill Road, Suite 201
Wilmington, DE 19806

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

GIV Venture Partners, L.P.

William Melton
One Innovation Way
Suite 500
Newark, DE 19711

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $2,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Mid-Atlantic

DESCRIPTION OF FIRM'S FOCUS

Opportunities to create substantial
efficiencies by the application of
technology and niche opportunities created
at the junctures between evolving
technologies.
Florida
CapitalSouth Partners Fund I, L.P.

David Reed
712 South Oregon Avenue, Suite 200
Tampa, FL 33606

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.

David Reed
712 South Oregon Avenue
Suite 200
Tampa, FL 33606

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

Power Equities, Inc.

Maureen Beavers
50 N. Laura Street, 9th Floor
FL9-001-09-03
Jacksonville, FL 32202

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

1395 Brickell Avenue, Suite 900
Miami, FL 33131

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

BOCF, LLC

Steven F. Lux, Travis J. Milks

777 S. Harbour Island Blvd.
Suite 375
Tampa, FL 33602

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

KLH Capital, L.P.

Mark J. Hunter, Contact

101 E. Kennedy Blvd., Suite 3925
Tampa, FL 33602

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

Market Capital Corp.

Eugene C. Langford, President

1715 W. Cleveland Street
Tampa, FL 33606

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max: $157,000

TYPE OF CAPITAL PROVIDED

Secured Loans

FUNDING STAGE PREFERENCE

All Stages

INDUSTRY PREFERENCE
Retail Grocery

GEOGRAPHIC PREFERENCES
Florida

DESCRIPTION OF FIRM'S FOCUS

Georgia
EGL/NatWest Equity Partners USA, L.P.

Salvatore Massaro, Manager

3495 Piedmont Road
Building 11, Suite 412
Atlanta, GA 30305

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

First Growth Capital, Inc.

Vijay K. Patel, President

P.O. Box 815
I-75 & GA 42, Best Western Plaza
Forsyth, GA 31029

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $200,000

TYPE OF CAPITAL PROVIDED

Mezzanine w/Equity

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Global Capital Funding Group, L.P.

Brad A. Thompson, Contact

106 Colony Park Drive, Suite 900
Cumming, GA 30040

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

Hawaii
Pacific Venture Capital, Ltd.

Frank Tokioka
222 South Vineyard Street
PH.1
Honolulu, HI 96813

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max: $200,000

TYPE OF CAPITAL PROVIDED

Loans
Equity
Subordinated Debt

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage

INDUSTRY PREFERENCE
Technology
Diversified

GEOGRAPHIC PREFERENCES
Regional

DESCRIPTION OF FIRM'S FOCUS

Illinois
Altus Capital Partners SBIC, L.P.

250 Parkway Drive, Suite 120

Lincolnshire, IL 60069

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 III, L.P.

Dan W. O' Connell

120 S. Riverside, Suite 2160
Chicago, IL 60606

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

GCG SBIC Investors, L.P.

225 W. Washington Street

Chicago, IL 60606

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

Three First National Plaza, Suite 5710
Chicago, IL 60602

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

ABN AMRO Capital (USA) Inc.

Paul Widuch, Chairman

208 South LaSalle Street, 10th Floor
Chicago, IL 60674

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

Alpha Capital III SBIC, L.P.

Andrew H. Kalnow, Contact

122 South Michigan Avenue
Suite 1700
Chicago, IL 60603

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 One Equity Capital SBIC Fund II, L.L.C

Susane Klaus, Contact

55 West Monroe Street, 18th Floor
Mail Stop IL1-0382
Chicago, IL 60670

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

BancAmerica Capital Investors SBIC II, L.P.

Gregory V. Costigan, Sr. Compliance Mgr.

231 South LaSalle Street, 7th Floor
Chicago, IL 60697

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

Cardinal Growth, L.P.

Joseph M. McInerney, Contact

311 South Wacker Drive, Suite 5500
Chicago, IL 60606

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.

Gregory Shearer, Contact

5750 Old Orchard Road, Suite 310
Skokie, IL 60077

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

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

INDUSTRY PREFERENCE
Medical Technology

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Chicago Venture Partners, L.P.

John Fife, Manager

303 East Wacker Drive,
Suite 311
Chicago, IL 60601

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

CIVC Partners Fund, LLC

Christopher J. Perry - Managing Member

191 North Wacker Drive
Suite 1100
Chicago, IL 60606

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

Continental Illinois Venture Corp.

Terry Perucca, President

231 South LaSalle Street
Chicago, IL 60697

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $5,000,000
Preferred Max: $50,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage
MBO

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Makes majority and minority equity
investments in established service
and manufacturing businesses in the
U.S. with at least $20 million in sales
and $5 million in EBITDA.
DNJ Leasing II, L.P.

Jeffery S. Pfeffer, Contact

10 S. Wacker Drive, Suite 1840
Chicago, IL 60606

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

Dunrath Capital Infrastructure Surety Fund,

Stephen S. Beitler, Contact

One North Franklin Street, Suite 750
Chicago, IL 60606

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 Chicago Equity Corporation

David J. Vitale, President

Three First National Plaza
Suite 3800
Chicago, IL 60670

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage
Buyouts

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

High Street Capital III SBIC, L.P.

Joseph R. Katcha, Contact

11 South LaSalle Street, 5th Floor
Chicago, IL 60603

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

Hispania Private Equity, L.P.

Victor L. Maruri, Contact

311 South Wacker Drive
Suite 4200
Chicago, IL 60606

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Growth to later stage

INDUSTRY PREFERENCE
$3 million to $5 million

GEOGRAPHIC PREFERENCES
Hispanic owned business
in U.S. and Puerto Rico

DESCRIPTION OF FIRM'S FOCUS

media and entertainment,
business services,
food and beverage
financial services
education
Hopewell Ventures, L.P.

Craig Overmyer, Contact

20 North Wacker Drive, Suite 2200
Chicago, IL 60606

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

Mercantile Capital Partners I, L.P.

Steven Edelson, Contact

1372 Shermer Road
Northbrook, IL 60062

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 II, L.P.

David Gezon & Allan Kayler, Mgrs.

135 South LaSalle Street
20th Floor
Chicago, IL 60603

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,000
Preferred Max: $7,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Preferred Stock
Common Stock

FUNDING STAGE PREFERENCE

Expansion
Acquisition
MBO
Recapitalizations

INDUSTRY PREFERENCE
Manufacturing
Service
Media
Distribution

GEOGRAPHIC PREFERENCES
Midwest
Southeast
Mid-Atlantic
Southwest

DESCRIPTION OF FIRM'S FOCUS

Provides junior capital, principally
subordinated debt with equity, to
established businesses to finance growth,
acquisitions, recapitalizations,
and changes of ownership.
MK Capital SBIC, L.P.

Bret R. Maxwell, Contact

1033 Skokie Boulevard, Suite 430
Northbrook, IL 60062

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

Prairie Capital II, L.P.

C. Bryan Daniels, Contact

191 N. Wacker Drive, Suite 800
Chicago, IL 60606

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

Prairie Capital III QP, L.P.

C. Bryan Daniels, Contact

191 N. Wacker Drive, Suite 800
Chicago, IL 60606

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

Prairie Capital III, L.P.

C. Bryan Daniels, Contact

191 N. Wacker Drive, Suite 800
Chicago, IL 60606

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

Prairie Capital Mezzanine Fund, L.P.

Bryan Daniels & Stephen King, Partners

191 N. Wacker Drive, Suite 800
Chicago, IL 60606

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,000
Preferred Max: $4,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Equity

FUNDING STAGE PREFERENCE

Later Stage
Expansion
Acquisition
MBO
LBO

INDUSTRY PREFERENCE
Manufacturing
Service

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Private equity fund focused on lower-
middle market companies in the
manufacturing and service sectors
requiring capital to support growth
or a change of ownership.
Prism Mezzanine Fund SBIC, L.P.

Robert Finkel, Contact

444 N. Michigan Avenue, Suite 1910
Chicago, IL 60611

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 Opportunity Fund SBIC, L.P.

Robert A. Finkel, Managing Partner

444 N. Michigan Avenue, Suite 1910
Chicago, IL 60611

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

SvoCo, L.P.

John Svoboda, Michelle Collins, Contacts

1 North Franklin Street
Suite 1500
Chicago, IL 60606

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

Valor Equity Partners, L.P.

Antonio Gracias, Contact

225 W. Washington, Suite 2350
Chicago, IL 60606

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

BancBoston Ventures, Incorporated

Tia B. Schmitt - Chief Financial Officer

231 S. LaSalle Street
Mail Code: IL1-231-12-36
Chicago, IL 60604

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $20,000,000

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

 Indiana
1st Source Capital Corporation

Eugene L. Cavenaugh, Jr., Vice President

P.O. Box 1602
South Bend, IN 46634

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

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $1,000,000

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.
Centerfield Capital Partners, L.P.

D. Scott Lutzke, Contact

3030 Market Tower
10 West Market Street
Indianapolis, IN 46204

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

Irwin Ventures SBIC LLC

David Meyercord, Contact

500 Washington Street
Columbus, IN 47201

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

Iowa
AAVIN Equity Partners I, L.P.

James D. Thorpe, Contact

118 Third Avenue, S.E., Suite 630
Cedar Rapids, IA 52401

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

101 Second Street, SE, Suite 800
Cedar Rapids, IA 52401

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

MorAmerica Capital Corporation

David R. Schroder, President

101 Second Street, SE
Suite 800
Cedar Rapids, IA 52401

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $750,000
Preferred Max: $1,500,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Preferred Stock-Warrants
Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage
MB0
LBO
Acquisition

INDUSTRY PREFERENCE
Manufacturing
Service
Distribution

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Invests nationally in growth and later stage
manufacturing, service and distribution
businesses with $5 to $40 million in sales
seeking $1 to $7 million in equity or near
equity financing to fund growth or buyouts.
North Dakota SBIC, L.P.

David R. Schroder, Manager

101 Second Street SE, Suite 800
Cedar Rapids, IA 52401

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $750,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Preferred Stock-Warrants
Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Manufacturing
Service
Distribution

GEOGRAPHIC PREFERENCES
North Dakota
South Dakota
Minnesota
Montana
National

DESCRIPTION OF FIRM'S FOCUS

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

John Dalton, Manager

Pinnacle Corporate Centre I, Suite 250
11300 Tomahawk Creek Parkway
Leawood, KS 66211-

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Equity
Subordinated Debt

FUNDING STAGE PREFERENCE

No Seed
All Other Stages

INDUSTRY PREFERENCE
Manufacturing
Diversified

GEOGRAPHIC PREFERENCES
Kansas Only

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, L.P.

Timothy J. Keeble, Contact

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

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

Kentucky
Chrysalis Ventures II, L.P.

Lisa K. Aly, Contact

101 South Fifth Street, Suite 1650
Louisville, KY 40202

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

Mountain Ventures, Inc.

L. Ray Moncrief, President

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

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $250,000

TYPE OF CAPITAL PROVIDED

Loan
Debt
Equity

FUNDING STAGE PREFERENCE

Seed
Early
Expansion
Later Stages

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Southeast

DESCRIPTION OF FIRM'S FOCUS

Prefers to invest in small manufacturing
firms and service firms to be located
in Eastern Kentucky.
Louisiana
Audubon Capital SBIC, L.P.

Robert Cowin, Contact

217 N. Columbia Street
Covington, LA 70433-

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $2,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt
and Preferred Stock

FUNDING STAGE PREFERENCE

Expansion
Later Stage
MBO/LBO
Acquisition

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Gulf States Region
(including East Texas,
Louisiana, Mississippi,
Alabama, and the
Florida Panhandle.

DESCRIPTION OF FIRM'S FOCUS

Mezzanine financing for middle market
companies located throughout the
Gulf States Region.
Bank One Equity Investors-BIDCO, Inc.

Thomas J. Adamek, President

c/o Stonehenge Capital Corporation
236 Third Street
Baton Rouge, LA 70801

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

TYPE OF CAPITAL PROVIDED

Equity
Subordinate Debt

FUNDING STAGE PREFERENCE

Expansion
Later Stage
MBO
LBO
Acquisition

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
South
Midwest

DESCRIPTION OF FIRM'S FOCUS

Hibernia Capital Corp.

Thomas Hoyt, President

313 Carondelet Street
New Orleans, LA 70130

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

TYPE OF CAPITAL PROVIDED

Equity Investments Only

FUNDING STAGE PREFERENCE

Inter-Stage
MBO
LBO
Acquisitions

INDUSTRY PREFERENCE
Telecommunications
Diversified

GEOGRAPHIC PREFERENCES
MidSouth
Texas
Southeast

DESCRIPTION OF FIRM'S FOCUS

Jefferson Capital Partners I, L.P.

William J. Harper, Contact

3501 N. Causeway Blvd., Suite 420
Metairie, LA 70002

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $2,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Preferred Stock

FUNDING STAGE PREFERENCE

Later Stage
MBO/LBO
Acquisition

INDUSTRY PREFERENCE
Low Tech
Diversified

GEOGRAPHIC PREFERENCES
Southeastern US
Texas
Midwest

DESCRIPTION OF FIRM'S FOCUS

Subordinated debt and preferred stock
investments in smaller middle market
companies
Maine
Masthead Venture Partners Capital, L.P.

Timothy Agnew, Contact

3 Canal Plaza, Suite 600
Portland, ME 04101

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 II, L.P.

David M. Coit, Manager

Two City Center, 5th Floor
Portland, ME 04101

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Sub. Debt w/Equity Features
Equity

FUNDING STAGE PREFERENCE

Buy-outs
Expansion Financing

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Northeast

DESCRIPTION OF FIRM'S FOCUS

Target established companies seeking growth
through internal expansion or acquisitions.
Also finance the recapitalization or
ownership change of profitable, well
established businesses.
North Atlantic Venture Fund III, L.P.

Kimberley A. Niles, CFO

Two City Center, 5th Floor
Portland, ME 04101

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

TYPE OF CAPITAL PROVIDED

Sub. Debt w/Equity Features
Equity

FUNDING STAGE PREFERENCE

Expansion Financing
Acquisitions
Buyouts
Recapitalizations
Consolidations

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Northeast

DESCRIPTION OF FIRM'S FOCUS

Seek quality investments in privately held
companies in underserved markets in the
eastern US. Primary focus in New England and
New York. Actively participates in
financing outside these areas w/local in-
vestors who share our investment interests.
Maryland
Allegiance Capital, L.P.

Gary Dorsch
10706 Beaver Dam Road
Suite 201
Cockeysville, MD 21030

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Mezzanine

FUNDING STAGE PREFERENCE

Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Mid-Atlantic

DESCRIPTION OF FIRM'S FOCUS

Subordinate debt to privately held companies
Anthem Capital II, L.P.

C. Edward Spiva, Contact

The Mangels Building
1414 Key Highway Suite 300
Baltimore, MD 21230

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

111 South Calvert Street
Suite 1800
Baltimore, MD 21202

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

16 West Madison Street
Baltimore, MD 21201

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

Security Financial and Investment Corp.

Jim Bonfils, Manager

7720 Wisconsin Avenue, Suite 207
Bethesda, MD 20814

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $25,000
Preferred Max: $150,000

TYPE OF CAPITAL PROVIDED

Loans

FUNDING STAGE PREFERENCE

Early Stage (One Year Op)
No Start Ups

INDUSTRY PREFERENCE
No Specialty

GEOGRAPHIC PREFERENCES
150 miles radius of DC

DESCRIPTION OF FIRM'S FOCUS

Loans made to going businesses
in need of capital for expansion.
Real estate collateral required.
Spring Capital Partners, L.P.

Mike Dongh, General Partner

The Latrobe Building, 5th Floor
2 East Read Street
Baltimore, MD 21202

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,000
Preferred Max: $4,000,000

TYPE OF CAPITAL PROVIDED

FUNDING STAGE PREFERENCE

Mezzanine
Expansion
Later Stage

INDUSTRY PREFERENCE
No Specialty

GEOGRAPHIC PREFERENCES
Mid-Atlantic

DESCRIPTION OF FIRM'S FOCUS

Toucan Capital Fund II, L.P.

Mrs. Linda Powers, Dr. Bruce Robertson,

7600 Wisconsin Avenue, 7th Floor
Bethesda, MD 20814

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $4,000,000

TYPE OF CAPITAL PROVIDED

Equity (Preferred Stock)
Convertible Debt

FUNDING STAGE PREFERENCE

Seed
1st Institutional Round

INDUSTRY PREFERENCE
Biotech
Information Technology
Advanced Batteries
Fuel Cells
NanoTechnology

GEOGRAPHIC PREFERENCES
East Coast

DESCRIPTION OF FIRM'S FOCUS

Top priorities in biotech - cell therapy,
tissue engineering & RNA technologies. Top
focus in information technology is security.
Walker Investment Fund II SBIC, L.P.

Gina Dubbe, Contact

3060 Washington Road, Suite 200
Glenwood, MD 21738

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $200,000
Preferred Max: $1,500,000

TYPE OF CAPITAL PROVIDED

Equity
Convertible Notes

FUNDING STAGE PREFERENCE

Seed
Early Stage

INDUSTRY PREFERENCE
Technology
e-Commerce
Internet Related

GEOGRAPHIC PREFERENCES
Maryland
DC
Virginia
West Virginia

DESCRIPTION OF FIRM'S FOCUS

Focus generally in technology, e-commerce,
internet related companies.
Massachusetts
Ironwood Equity Fund LP

18 Tremont St., Suite 1120

Boston, MA 02108

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

Masthead Venture Partners Capital, L.P.

40 Beach Street
Manchester, MA 01944

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

Summer Street Capital Fund I, L.P.

Richard Steele
171 Dwight Rd.
Suite 310
Longmeadow, MA 01106-

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

Ascent Venture Partners II, L.P.

Walter Dick, General Partner

255 State Street, 5th Floor
Boston, MA 02109

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Equity
Debt w/Equity

FUNDING STAGE PREFERENCE

Seed
Early Stage
Expansion

INDUSTRY PREFERENCE
Network and Communication Systems
Enterprise Software
Medical
Specialized IT Services
Industrial Technology

GEOGRAPHIC PREFERENCES
New England

DESCRIPTION OF FIRM'S FOCUS

Ascent Venture Partners IV-A, L.P.

Brian Girvan, Contact

255 State Street, 5th Floor
Boston, MA 02109

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

Brook Venture Fund IIA, L.P.

Andrew Clapp, Contact

301 Edgewater Place, Suite 425
Wakefield, MA 02110

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

Chestnut Venture Partners, L.P.

David D. Croll, President

75 State Street, Suite 2500
Boston, MA 02109

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:

TYPE OF CAPITAL PROVIDED

Equity
Debt w/Equity Features

FUNDING STAGE PREFERENCE

Any Stage

INDUSTRY PREFERENCE
Media
Telecommunications

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Citizens Ventures, Inc.

Gail Long - Manager

28 State Street, 15th Floor
Boston, MA 02109

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Equity

FUNDING STAGE PREFERENCE

MBO
Acquisition
Growth

INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES
Northeast
Midwest
Southeast

DESCRIPTION OF FIRM'S FOCUS

Crescent Private Capital II, L.P.

Nancy S. Amer, Contact

One Copley Place, Suite 602
Boston, MA 02116

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

Draper Fisher Jurvetson New England Fund I

Scott Johnson, Contact

One Broadway, 14th Floor
Cambridge, MA 02142

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 III, L.P.

David F. Millet, Contact

20 William Street
Wellesley, MA 02481

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

GMN Investors II, L.P.

James J. Goodman, Manager

20 William Street
Wellesley, MA 02481

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

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Later Stage

INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

Focus is on later stage expansion and
acquisition capital for middle-market
companies with revenues between
$5 and $50 million.
Lancet Capital Health Ventures, L.P.

William Golden, Manager

124 Mount Auburn Street
Suite 200N
Cambridge, MA 02138

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $2,500,000

TYPE OF CAPITAL PROVIDED

Private Equity

FUNDING STAGE PREFERENCE

Seed
Early Stage

INDUSTRY PREFERENCE
Biomedical

GEOGRAPHIC PREFERENCES
Northeast US

DESCRIPTION OF FIRM'S FOCUS

Invest primarily in medical device, drug
discovery, bioinformatics companies.
Longworth Venture Partners II-A, L.P.

Paul A. Margolis, Contact

1050 Winter Street, Suite 2600
Waltham, MA 02451

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 England Partners Capital, L.P.

Robert Hanks, Prin. & Todd Fitzpatrick

One Boston Place, Suite 2100
Boston, MA 02108

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage

INDUSTRY PREFERENCE
Consumer Products
Food
Telecommunications
Medical/Health

GEOGRAPHIC PREFERENCES
East of Mississippi

DESCRIPTION OF FIRM'S FOCUS

Invest primarily in later stage, small to
medium-sized companies which represent
opportunities for significantly enhanced
revenues and earnings growth. Companies
manufacture/distribute distinctive,
value-added proprietary products.
North Hill Ventures II, L.P.

Brett Rome, Contact

Ten Post Office Square, Suite 1100
Boston, MA 02109

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

RockPort Capital Partners, L.P.

Bettina Metais, Contact

160 Federal Street, 18th Floor
Boston, MA 02110

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

Equity
Debt w/Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion

INDUSTRY PREFERENCE
Energy Technologies
Environmental Technologies
Advanced Materials & Processes

GEOGRAPHIC PREFERENCES
New England

DESCRIPTION OF FIRM'S FOCUS

Invests in leading-edge technology with the
potential to significantly impact industries
superior management team; large markets with
high growth rate; and sustainable
competitive advantages.
Seacoast Capital Partners II, L.P.

Walt Leonard, Contact

55 Ferncroft Road
Danvers, MA 01923

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, L.P.

Walt Leonard, Manager

55 Ferncroft Road
Danvers, MA 01923

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,000
Preferred Max: $5,500,000

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Manufacturing
Business Services
Distribution
Retail
Healthcare

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Dedicated to providing growth capital
for the acquisition and expansion
of small and mid-size companies.
SEED Ventures, L.P.

Thomas Wooters, Contact

80 Dean Street
Taunton, MA 02780

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

Ticonderoga SBIC, L.P.

Craig A.T. Jones, Contact

40 William Street, Suite G20
Wellesley, MA 02481

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

Velocity Equity Partners I SBIC, L.P.

David Vogel, Contact

121 High Street
Boston, MA 02110

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

Venture Capital Fund of New England IV, L.P

Kevin J. Dougherty, Contact

30 Washington Street
Wellesley Hills, MA 02481

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

Zero Stage Capital SBIC VII, L.P.

Paul M. Kelly, Contact

101 Main Street, 17th Floor
Cambridge, MA 02142

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

Zero Stage Capital V, L.P.

Paul M. Kelley, Manager

Kendall Square
101 Main Street, 17th Floor
Cambridge, MA 02142

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $50,000
Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Equity
Debt w/Equity

FUNDING STAGE PREFERENCE

Early Stage
Later Stage
Expansion

INDUSTRY PREFERENCE
Biotech
Computer Hardware & Software
Energy

GEOGRAPHIC PREFERENCES
Northeast

DESCRIPTION OF FIRM'S FOCUS

Michigan
Dearborn Capital Corp. (SSBIC)

William D. Lang, President

c/o Ford Motor Credit Corporation
The American Road
Dearborn, MI 48121

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $250,000
Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Loans

FUNDING STAGE PREFERENCE

Expansion
Later Stage
LBO
Acquisition

INDUSTRY PREFERENCE
Automotive

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Provides financial and management
assistance to minority-owned businesses
that are suppliers of Ford Motor Company.
EDF Ventures II, L.P.

Mary Campbell, Contact

425 North Main Street
Ann Arbor, MI 48104-1147

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

InvestCare Partners, L.P.

Malcolm Moss, Manager

32330 W. 12 Mile Road
Farmington Hills, MI 48334

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $4,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Mid Stage
Later Stage

INDUSTRY PREFERENCE
Healthcare
Medical Devices/Products

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

InvestCare provides growth capital to
established healthcare companies that focus
on services, technology & medical products/
devices. With three major hospital systems
representing 8,000 physicians & medical pro-
fessionals, we deliver more than just equity
North Coast Technology Investor, L.P.

Hugo E. Braun III, Lindsay D. Aspegren

206 S. Fifth Avenue Suite 550
Ann Arbor, MI 48104-0648

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

Shorebank Capital Corporation (SSBIC)

Kathryn J. Polansky, President

P.O. Box 7009
Marquette, MI 49855

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Equity

FUNDING STAGE PREFERENCE

Acquisition
Expansion

INDUSTRY PREFERENCE
Manufacturers
Distributors

GEOGRAPHIC PREFERENCES
Midwest

DESCRIPTION OF FIRM'S FOCUS

TD Lighthouse Capital Fund, L.P.

Joan Neuscheler, Contact

303 Detroit Street, Suite 301
Ann Arbor, MI 48104

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

Minnesota
AAVIN Equity Partners I, L.P.

Daryl Erdman
2500 Rand Tower
Minneapolis, MN 55402

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

Affinity Ventures III, L.P.

Robin M. Dowdle, Contact

901 Marquette Avenue, Suite 2820
Minneapolis, MN 55402

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

Affinity Ventures IV, L.P.

Robin M. Dowdle, Contact

901 Marquette Avenue, Suite 2820
Minneapolis, MN 55402

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

Agio Capital Partners I, L.P.

Kenneth F. Gudorf, President & CEO

5050 Lincoln Drive, Suite 420
Edina, MN 55436

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Growth
MBO
Acquisition

INDUSTRY PREFERENCE
Manufacturing
Distribution
Services

GEOGRAPHIC PREFERENCES
Midwest

DESCRIPTION OF FIRM'S FOCUS

Private investment partnership making
equity investments of up to $5.0 million
in a wide variety of companies with a
primary interest in management buyouts
within the manufacturing, distribution, and
service sectors.
Bayview Capital Partners II LP

Cary Musech, Contact

301 Carlson Parkway, Suite 325
Minnetonka, MN 55305

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, L.P.

Cary Musech, Manager

301 Carlson Parkway, Suite 325
Minnetonka, MN 55305

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

Convergent Capital Partners I, L.P.

John Mason, Keith Bares

5353 Wayzata Boulevard,
Suite 205
Minneapolis, MN 55416

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

GMB Mezzanine Capital, L.P.

Barry Lindquist, Contact

50 South Sixth Street, Suite 1460
Minneapolis, MN 55402

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 I, L.P.

Thomas Jenkins, Contact

60 South Sixth Street, Suite 3230
Minneapolis, MN 55402

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.

Tom Hunt, President

3000 W. County Road 42, Suite 301
Burnsville, MN 55337-4827

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

TYPE OF CAPITAL PROVIDED

Senior Debt
Subordinated Debt

FUNDING STAGE PREFERENCE

Acquisition
MBO
Later Stage
Bridge Loans

INDUSTRY PREFERENCE
Communications
Technology
Manufacturing
Services

GEOGRAPHIC PREFERENCES
Midwest
National

DESCRIPTION OF FIRM'S FOCUS

Milestone Growth Fund, Inc. (SSBIC)

Esperanza Guerrero-Anderson, President

401 Second Avenue South, Suite 1032
Minneapolis, MN 55401

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $300,000
Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Loans
Loans w/Warrants

FUNDING STAGE PREFERENCE

Expansion
Early Stage
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Minnesota

DESCRIPTION OF FIRM'S FOCUS

To provide long-term, high-risk financing
to minority-owned businesses. Will
participate in National deals.
Sightline Healthcare Capital IV SBIC, L.P.

Maureen Harder, Contact

50 South Sixth Street
Minneapolis, MN 55402

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

Mississippi
CapSource Fund, L.P.

James R. Herndon, Contact

795 Woodlands Parkway, Suite 100
Ridgeland, MS 39157

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

CapSource Fund, L.P.

Bobby Weatherly & James Herndon, Mgrs.

795 Woodlands Parkway, Suite 100
Ridgeland, MS 39157

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt w/Warrants

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
South
National

DESCRIPTION OF FIRM'S FOCUS

Provides growth stage financing in the form
of subordinated debt with warrants to
companies with two to five years track
record with a strong management team
with an exit strategy.
Sun-Delta Capital Access Center, Inc. (SSBIC)

Cindy Ayers-Elliott, President

819 Main Street
Greenville, MS 38701

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.
Missouri
CFB Venture Fund III, L.P.

Greg L. Gaeddert
1000 Walnut, 18th Floor
Kansas City, MO 64106

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

MorAmerica Capital Corporation

Kevin F. Mullane, Vice President

911 Main Street, Suite 2424
Commerce Tower Building
Kansas City, MO 64105

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

American Century Ventures II, L.L.C.

Mark Hyde, Contact

4500 Main Street
Kansas City, MO 64111

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

Bankers Capital Corp.

Raymond E. Glasnapp, President

3100 Gillham Road
Kansas City, MO 64109

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $100,000

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Midwest

DESCRIPTION OF FIRM'S FOCUS

BOME Investors II, L.L.C.

Shelley Whittington, Thomas Adamek

c/o Gateway Capco II, LLC
8000 Maryland Avenue, Suite 330
Saint Louis, MO 63105

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

BOME Investors III, LLC

Shelley G. Whittington, Contact

c/o Gateway Capco II, LLC
8000 Maryland Avenue, Suite 330
Saint Louis, MO 63105

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

BOME Investors, Inc.

Gregory R. Johnson & John McCarthy, Mgrs

c/o Gateway Capco II, LLC
8000 Maryland Avenue, Suite 330
Saint Louis, MO 63105

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

C3 Capital Partners, LP

Patrick F. Healy and Mikala January

4520 Main Street, Suite 1600
Kansas City, MO 64111

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 II, LP

James F. O'Donnell, Chairman

11 South Meramec, Suite 1430
Saint Louis, MO 63105

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

TYPE OF CAPITAL PROVIDED

Debt w/Warrants
Preferred Stock

FUNDING STAGE PREFERENCE

Expansion
Later Stage
MBO
LBO
Acquisition

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Midwest

DESCRIPTION OF FIRM'S FOCUS

CFB Venture Fund III, L.P.

James F. O'Donnell, Chairman

11 South Meramec, Suite 1430
Saint Louis, MO 63105

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

Eagle Fund I, L.P.

Scott Fesler
Bush O'Donnell Capital
101 S. Hanley Road, Suite 1250
Saint Louis, MO 63105

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

KCEP Ventures II, L.P.

William Reisler, Manager

233 West 47th Street
Kansas City, MO 64112

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

RiverVest Venture Fund I, L.P.

Thomas C. Melzer, Contact

7733 Forsyth Boulevard, Suite 1650
Saint Louis, MO 63105

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-

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

Montana
Glacier Venture Fund Limited Partnership

Jon Marchi, Contact

40 West 14th Street, Suite 4B
Helena, MT 59624

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

&evada
Atalanta Investment Company, Inc.

L. Mark Newman, Chairman of the Board

601 Fairview Blvd.
P.O. Box 7718
Incline Village, NV 89452

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

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Technology

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

&ew Hampshire
MerchantBanc Venture Partners, L.P.

Jeffrey M. Pollock
66 Hanover Street
Suite 303
Manchester, NH 03101

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

&ew Jersey
NJTC Venture Fund SBIC, L.P.

4 Becker Farm Road

Roseland, NJ 07068

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

&ew York
BNP Paribas Principal Incorporated

TEMPORARY
40 East 52nd Street - 12th Floor
New York, NY 10022-

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.

Ray Weldon
405 Park Avenue, 12th Floor
New York, NY 10022-

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

Ibero American Investors Corp. (SSBIC)

Christine Ryan, Loan Officer

Statler Towers Bldg.
107 Delaware Avenue, Suite 64
Buffalo, NY 14202

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

Merchants Capital Partners, L.P.

Jake Wessner
1120 Avenue of the Americas - 4th Floor
New York, NY 10036-

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

Merchants Capital Partners, L.P.

G. Cohen, P. Beach, R. Martin, Mgrs.

275 Madison Avenue, 21st floor
New York, NY 10016-

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,000
Preferred Max: $4,000,000

TYPE OF CAPITAL PROVIDED

Common stock, convertible
preferred stock or subordinate
debt with stock warrants

FUNDING STAGE PREFERENCE

Later stage
growth capital

INDUSTRY PREFERENCE
Business services

GEOGRAPHIC PREFERENCES
No geopraphic perference

DESCRIPTION OF FIRM'S FOCUS

Invests in seasoned & expansion-stage growth
companies with experienced management teams.
Prefer middle market companies in growth
industries such as restaurants,
communications, and business services.
Require $5MM in rev. and $1MM in cash flow.
Motor Enterprises, Inc. (SSBIC)

Scott Simon, VP and Treasurer

General Motors Corp. Treasurer's Office
767 Fifth Ave, 14th Floor
New York, NY 10153

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Loans

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage

INDUSTRY PREFERENCE
Suppliers to General Motors

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

399 Venture Partners

William Comfort, Chairman

399 Park Avenue, 14th Floor/Zone 4
New York, NY 10043

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

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

MBO

INDUSTRY PREFERENCE
Industrial
Manufacturing
Distribution
No High Tech

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Accretive Investors SBIC, L.P.

J. Michael Cline, Contact

55 East 59th Street, 22nd Floor
New York, NY 10022

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,500,000
Preferred Max: $10,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Seed and Growth

INDUSTRY PREFERENCE
Software
Business Process Outsourcing
and IT Enable Services.

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

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

Kevin Penn, Thomas Israel, Jim Mattutat

12 East 49th Street; 27th Floor
New York, NY 10017-

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

AEA Investors Small Business Fund LP

John F. Cozzi, Contact

65 East 55th Street, 27th Floor
New York, NY 10022

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 II, L.P.

Daniel Raynor, Chairman

60 Madison Avenue, Suite 701
New York, NY 10110

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

TYPE OF CAPITAL PROVIDED

Equity
Debt

FUNDING STAGE PREFERENCE

Later Stage
Acquisitions
MBO

INDUSTRY PREFERENCE
Healthcare Information
Waste Management
Software
Communications
General

GEOGRAPHIC PREFERENCES
East Coast
National

DESCRIPTION OF FIRM'S FOCUS

investments in later stage growth
companies for expansion, acquisitions,
recapitalizations and management buyouts.
Specializes in equity and mezzanine
Argentum Capital Partners, LP

Daniel Raynor, Chairman

60 Madison Avenue, Suite 701
New York, NY 10110

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

TYPE OF CAPITAL PROVIDED

Equity
Mezzanine

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Avalon Equity Fund, L.P.

Benjamin E. Brandes, Contact

800 3rd Avenue, 31st Floor
New York, NY 10022

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

BMO Nesbitt Burns Equity Investments, Inc.

Peter Hurwitz - Managing Director

3 Times Square
28th. Floor
New York, NY 10036-

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $7,000,000
Preferred Max: $12,000,000

TYPE OF CAPITAL PROVIDED

No Start-Ups
Min Revenue $20K

FUNDING STAGE PREFERENCE

Acquisition
Mezzanine
Buyouts
Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Invest in companies with established mgt.
teams and stable cash flows. Will consider
investments in turnaround situations and
later stage growth capital. No start-ups,
minimum revenue $20 million.
BNP Paribas Principal Incorporated

Steven Alexander, President

787 Seventh Avenue, 32nd Floor
New York, NY 10019-8018

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,500,000
Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

Equity Only

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Healthcare
Media
Business Service
Manufacturing

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

BNY Capital Partners, L.P.

Stratton Heath, Paul Echausse

445 Park Avenue
New York, NY 10022

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

BOCNY, LLC

W. Stephen Keller
c/o Stonehenge Capital Corporation
152 West 57th Street, 20th Floor
New York, NY 10019

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

Cephas Capital Partners L.P.

Clint Campbell, Jeff Holmes, Mgrs.

57 Monroe Avenue, Suite D
Pittsford, NY 14534

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Debt
Subordinated Debt
Preferred Stock

FUNDING STAGE PREFERENCE

Acquisition
Growth
MBO
Recaptialization

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.
CIBC WMV Inc.

David Shotland, Managing Director

425 Lexington Avenue, 9th Floor
New York, NY 10017

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

Citicorp Venture Capital, Ltd.

William Comfort, Chairman of the Board

399 Park Avenue, 14th Floor/Zone 4
New York, NY 10043

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

TYPE OF CAPITAL PROVIDED

FUNDING STAGE PREFERENCE

Later Stage
Leverage Buyout

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
East Coast
National

DESCRIPTION OF FIRM'S FOCUS

Critical Capital Growth Fund, L.P.

Steven Sands Mgr; C. Robinson

90 Park Ave., 39th Floor
New York, NY 10016

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

DeltaPoint Capital III, L.P.

David H. Waterman, Contact

45 East Avenue
Rochester, NY 14604

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 Venture Capital, Inc. (SSBIC)

Fredrick Schulman, President

241 Fifth Avenue, Suite 302
New York, NY 10016

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

Easton Hunt Capital Partners, L.P.

John H. Friedman, Contact

767 Third Avenue, 7th 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

Elk Associates Funding Corporation

Gary C. Granoff, President

747 Third Avenue
New York, NY 10017

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $300,000

TYPE OF CAPITAL PROVIDED

Secured Loans
Some Debt /w Equity

FUNDING STAGE PREFERENCE

Later Stage

INDUSTRY PREFERENCE
Transportation
Diversified

GEOGRAPHIC PREFERENCES
Northeast
South FL
Illinois

DESCRIPTION OF FIRM'S FOCUS

Emigrant Capital Corporation

Kenneth L. Walters Jr.

6 East 43rd Street
8th Floor
New York, NY 10017

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

Empire State Capital Corporation (SSBIC)

Dr. Joseph Wu, President

170 Broadway, Suite 1200
New York, NY 10038

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

Eos Partners SBIC II, L.P.

Steven Friedman & Brian Young, Manager

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

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

Eos Partners SBIC III, L.P.

Beth Bernstein, Contact

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

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

FUNDING STAGE PREFERENCE

INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

Eos Partners SBIC, L.P.

Steven Friedman, Partner

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

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

TYPE OF CAPITAL PROVIDED

Equity
Debt w/Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later
LBO

INDUSTRY PREFERENCE
Telecommunications
Media
Health Services
Business Outsourcing

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Exeter Capital Partners IV, L.P.

Keith Fox, Kurt Bergquist, Jeff Weber

10 East 53rd Street
32nd Floor
New York, NY 10022

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Equity Investments

FUNDING STAGE PREFERENCE

Development - 10% to 20%
Expansion - 20% to50%
Later stage - 35% to 65%

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National

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

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

First Niagra Capital Corporation

James Trainor, Manager

32 Second Street
Troy, NY 12180

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

Flushing Capital Corporation (SSBIC)

Tetsuro Takada, President

39-06 Union Street, Room 202
Flushing, NY 11354

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $300,000

TYPE OF CAPITAL PROVIDED

Loans

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
New York City Area

DESCRIPTION OF FIRM'S FOCUS

Founders Equity SBIC I, L.P.

John D. White, Jr., Contact

711 Fifth Avenue, 5th Floor
New York, NY 10022

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

Freshstart Venture Capital Corporation

Alvin Murstein, President

437 Madison Avenue
New York, NY 10022

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

Fundex Capital Corp.

Larry Linksman, President

50 Main Street, Suite 1000
White Plains, NY 10606

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt w/Equity
Loans
Debt

FUNDING STAGE PREFERENCE

Early Stage
Expansion

INDUSTRY PREFERENCE
Consumer Products
Communications
Medical/Health
Specialty Retail
Diversiifed

GEOGRAPHIC PREFERENCES
Tri-State (NY, NJ, CT)

DESCRIPTION OF FIRM'S FOCUS

Focus on good management with good
products or services, with a proven track
record of successful operations, or absent
the above, require suitable collateralizion.
Gefus SBIC, L.P.

William J. Beckett
375 Park Avenue, Suite 2401
New York, NY 10152

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

Hanam Capital Corp.

Robert Schairer, President

38 West 32nd Street, Suite 1512
New York, NY 10001

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $50,000
Preferred Max: $200,000

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Northeast

DESCRIPTION OF FIRM'S FOCUS

High Peaks Ventures, L.P.

Russell Howard, Contact

10 Second Street,
Troy, NY 1218-0

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.

Dr. Lawrence A. Howard, Contact

535 Fifth Avenue, 14th 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

Ibero American Investors Corp. (SSBIC)

Domingo Garcia, President

104 Scio Street
Rochester, NY 14604

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Loans
Equity
Lines of Credit

FUNDING STAGE PREFERENCE

Early Stage
Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Northeast
Southeast

DESCRIPTION OF FIRM'S FOCUS

Focus is in the manufacturing, service and
retail areas. Early stage and expansion
financing preferred.
ING Furman Selz Investments

Brian Friedman, Manager

520 Madison Avenue
8th Floor
New York, NY 10022

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

TYPE OF CAPITAL PROVIDED

Equity
Debt

FUNDING STAGE PREFERENCE

Expansion
Later Stage
No Start-ups

INDUSTRY PREFERENCE
Consumer and Retail
Healthcare
Information Technology
Industrial Manufacturing
Media/Communications

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

J.P. Morgan Partners (23A SBIC), LLC

Jeffrey Walker, Managing Gen. Partner

1211 Avenue of the Americas, 40th Floor
New York, NY 10036

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

J.P. Morgan Partners (SBIC), LLC

Jeffrey Walker, Managing Gen. Partner

1211 Avenue of the Americas, 40th Floor
New York, NY 10036

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $5,000,000
Preferred Max: $100,000,0

TYPE OF CAPITAL PROVIDED

Venture Capital/Growth Equity
Senior Debt

FUNDING STAGE PREFERENCE

Mezzanine
Add-On Acquisitions
MBO/LBO
Second Stage
Recapitalization

INDUSTRY PREFERENCE
Aerospace/Automotive
Chemicals/Energy
Entertainment
Healthcare
Diversified

GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

Global private equity organization with
over $6 billion under management.
Affiliate of The Chase Manhattan Bank
which is a subsidiary of The Chase
Manhattan Corporation, the largest
bank holding company in the United States.
J.P. Morgan Partners Global Investors (SBIC

1211 Avenue of the Americas, 40th Floor

New York, NY 10020

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

J.P. Morgan SBIC LLC

Jeffrey Walker, Managing Gen. Partner

1211 Avenue of the Americas, 40th Floor
New York, NY 10036

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

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

KBL Healthcare, L.P.

Marlene Krauss, Michael Kaswan

645 Madison Avenue
New York, NY 10022

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

888 7th Avenue
16th Floor
New York, NY 10106

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

L Capital Partners SBIC, LP

Oded Weiss, Contact

10 East 53rd Street, 37th Floor
New York, NY 10022

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

LEG Partners Debenture SBIC, L.P.

Lawrence Golub, Manager

551 Madison Avenue
6th Floor
New York, NY 10022

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

LEG Partners III SBIC, L.P.

Lawrence Golub, Manager

551 Madison Avenue
6th Floor
New York, NY 10022

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

LEG Partners SBIC, L.P.

Lawrence E. Golub, Manager

551 Madison Avenue
6th Floor
New York, NY 10022

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Equity
Debt w/ Warrants

FUNDING STAGE PREFERENCE

Expansion
LBO
Acquisition

INDUSTRY PREFERENCE
Services
Media
Basic Manufacturing
Industrial Equipment

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Seeks equity & equity related investments in
established, middle market companies.
Targets privately held businesses with
revenues between $10 - $150 million,
positive cash flow, growth potential
& sustainable earnings.
M & T Capital Corp.

Tom Scanlon, President

One Fountain Plaza
3rd Floor
Buffalo, NY 14203

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

Medallion Funding Corporation

Alvin Murstein, President

437 Madison Avenue
New York, NY 10022

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

Mercury Capital, L.P.

Chris Stokes, Vice President

590 Madison Avenue
30th Floor
New York, NY 10022

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,500,000
Preferred Max: $7,500,000

TYPE OF CAPITAL PROVIDED

Equity Only

FUNDING STAGE PREFERENCE

Later Stage

INDUSTRY PREFERENCE
Manufacturing
Distribution
Serv. Businesses

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

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

Daryl Forsythe & Joe Minor, Managers

52 South Broad Street
Norwich, NY 13815

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $300,000
Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Equity
Subordinated Debt
Loans

FUNDING STAGE PREFERENCE

Expansion
Acquisition
Later Stage
Early Stage

INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES
Upstate NY
Northeast
Mid-Atlantic

DESCRIPTION OF FIRM'S FOCUS

Our primary interest is to provide a source
of capital for business expansion
in upstate NY.
Pierre Funding Corp.

Elias Debbas, President

805 Third Avenue, 6th Floor
New York, NY 10022

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Collateralized Loans

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
East Coast

DESCRIPTION OF FIRM'S FOCUS

Praesidian Capital Investors, LP

Jason D. Drattell, Contact

30 Broad Street, 21st Floor
New York, NY 10004

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

Quad Venture Partners SBIC, L.P.

Lincoln E. Frank, Contact

650 Fifth Avenue, 31st Floor
New York, NY 10019

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

Radius Venture Partners II, L.P.

Daniel C. Lubin, Contact

400 Madison Avenue, 8th 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

Rand Capital SBIC, L.P.

Allen F. Grum, Jr., Contact

2200 Rand Buidling
Buffalo, NY 14203

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

RBC Equity Investments, Inc.

Sindy Jagger, Manager

One Liberty Plaza
New York, NY 10006

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

RBS Capital Corporation

Andrew S. Weinberg, Sr. Vice President

101 Park Avenue, 10th Floor
New York, NY 10178

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $2,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Second Stage
Mezzanine
MBO

INDUSTRY PREFERENCE
Health
Consumer Services
Industrial Equipment
Technology
Food Services/Products

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Invest in equity and mezzanine financing of
corporations which are viewed as target
customers.
Regent Capital Partners, L.P.

Richard Hochman, Managing Partner

14 East 60th Street
Suite 1000
New York, NY 10022

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,000
Preferred Max: $3,500,000

TYPE OF CAPITAL PROVIDED

Debt w/Equity
Equity

FUNDING STAGE PREFERENCE

Later Stage
MBO
LBO
Acquisition

INDUSTRY PREFERENCE
Consumer Oriented
Media
Communications
Business Services

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Invests in businesses w/strong, focused
management teams who have extensive
knowledge of their industry, leadership
skills & vision to achieve their objectives
Invests in rapidly growing companies who
need addition equity capital/debt to expand.
Rock Maple Ventures, L.P.

David W. Freelove, Contact

711 Fifth Avenue, 5th Floor
New York, NY 10022

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

Scorpion Capital Partners, L.P.

Kevin R. McCarthy, Contact

245 Fifth Avenue, 25th Floor
New York, NY 10016

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

Sixty Wall Street SBIC Fund, L.P.

1211 Avenue of the Americas, 40th Floor

New York, NY 10036

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

Summer Street Capital Fund I, L.P.

Brian D'Amico
70 West Chippewa St.
Suite 500
Buffalo, NY 14202

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

Sunrise Equity Partners, L.P.

Marilyn S. Adler, Contact

641 Lexington Avenue, 25th Floor
New York, NY 10022

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

The 1818 SBIC Fund, L.P.

Richard J. Ragoza, Contact

c/o Brown Brothers Harriman & Co.
140 Broadway, 2nd Floor
New York, NY 10005

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

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

Stephen Reinstadtler, Contact

31 West 52nd Street
New York, NY 10019

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.
Triad Capital Corp. of New York (SSBIC)

Oscar Figueroa, Manager of Rutgers Inv.

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

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

Trumpet SBIC Partners, L.P.

Marc Utay, Contact

110 East 59th Street, Suite 2100
New York, NY 10022

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

UBS Capital II LLC

Justin S. Maccarone, President

299 Park Avenue
New York, NY 10171

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

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

Walden Capital Partners, L.P.

John Costantino & Allen Greenberg, Mgrs.

708 Third Avenue, 21st Floor
New York, NY 10017

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,500,000
Preferred Max: $4,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Early Stage
Later Stage
Expansion

INDUSTRY PREFERENCE
Manufacturing
Distribution
Service Industry

GEOGRAPHIC PREFERENCES
Northeast
Mid-Atlantic

DESCRIPTION OF FIRM'S FOCUS

Invests in companies that have a need
for growth capital with strong proven
management teams, and competitive
advantages. Capital provided for internal
growth, acquisitions and
management led buyouts.
Wall Street Technology Partners, L.P.

Richard H. Wolf, Contact

1325 Avenue of the Americas, 27th Floor
New York, NY 10019-6163

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

Wasserstein SBIC Ventures II, L.P.

Robert Mersten
1301 Avenue of the Americas
44th Floor
New York, NY 10019

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

Westbury Equity Partners SBIC, L.P.

Richard P. Sicoli, Contact

100 Motor Parkway, Suite 165
Hauppauge, NY 11788

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,000
Preferred Max: $9,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Mid to Late Stage

INDUSTRY PREFERENCE
Information Technology,
Training & Education
Outsourcing,
Specialty Manufacturing

GEOGRAPHIC PREFERENCES
None

DESCRIPTION OF FIRM'S FOCUS

Since its founding in 1994, Westbury Partner
has been providing value-added capital to
privately owned, emerging growth companies.
Westbury invests as lead investor or
participant, partnering with experienced,
like-minded firms.
&orth Carolina
Blue Ridge Investors Ltd. Partnership

Richard MacLean
922 East Boulevard
Charlotte, NC 28203-5204

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 I, L.P.

Jack McGlinn
2530 Meridian Parkway, Suite 200
Research Triangle Park
Durham, NC 27713-

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.

Jack McGlinn
2530 Meridian Parkway, Suite 200
Research Triangle Park
Durham, NC 27713-

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.

J. Travis Hain, Managing Member

100 North Tryon Street, 25th Floor
NCI-007-25-02
Charlotte, NC 28255

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,000
Preferred Max: $4,000,000

TYPE OF CAPITAL PROVIDED

Equity
Sub. Debt w/Warrants

FUNDING STAGE PREFERENCE

Later Stage
Expansion
MBO
LBO
Acquisition

INDUSTRY PREFERENCE
Healthcare
Technology
Media
Telecommunications
Diversified

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

J. Travis Hain, Managing Member

100 North Tryon Street, 25th Floor
NC-1-007-25-02
Charlotte, NC 28255

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

BB&T Capital Partners, LLC

David Townsend & Martin Gilmore, Mgrs.

200 West Second Street, 4th Floor
Winston-Salem, NC 27101

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:

TYPE OF CAPITAL PROVIDED

Equity
Subordinated Debt

FUNDING STAGE PREFERENCE

Later Stage
Acquisitions
MBO
Recapitalization
Consolidation

INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES
Southeast

DESCRIPTION OF FIRM'S FOCUS

Seeks to invest in companies with
experienced management, a demonstrated
need for the company's products
or services, and sustainable competitive
advantages allowing for profitable growth
Only invest in later-stage companies.
BB&T Capital Partners/Windsor Mezzanine Fun

Christopher N. Jones, Contact

200 West 2nd Street, 4th Floor
Winston-Salem, NC 27101

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 Ridge Investors II, L.P.

Russel Myers and Ronald Stanley

300 N. Greene Street,
Suite 2100
Greensboro, NC 27401

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

Blue Ridge Investors Ltd. Partnership

Kevin Jessup, Partner

300 North Greene St.,
Suite 2100
Greensboro, NC 27401

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $2,500,000

TYPE OF CAPITAL PROVIDED

Equity Investments

FUNDING STAGE PREFERENCE

Expansion
Later Stage
MBO
Acquisition

INDUSTRY PREFERENCE
Manufacturing Services
Distribution
Light Industrial
Outsourcing

GEOGRAPHIC PREFERENCES
Southeast
Mid-Atlantic

DESCRIPTION OF FIRM'S FOCUS

Seeks to invest in privately held companies
whose growth will provide opportunities
for substantial capital appreciation.
Investments made in either MBOs or companies
seeking to strengthen their equity base to
fund exceptional growth opportunities.
CapitalSouth Partners Fund I, L.P.

Joseph B. Alala, III, Contact

1011 East Morehead Street, Suite 150
Charlotte, NC 28204

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

1011 East Morehead Street, Suite 150
Charlotte, NC 28204

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.

Andrew Lender, Contact

1900 South Boulevard
Suite 300
Charlotte, NC 28203

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 Carolina Economic Opportunities Fund,

H. Dabney Smith, Contact

316 West Edenton Street, Suite 110
Raleigh, NC 27603

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

Oberlin Capital, L.P.

Robert Shepley, Manager

702 Oberlin Road, Suite 150
Raleigh, NC 27605

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $750,000
Preferred Max: $150,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt

FUNDING STAGE PREFERENCE

Mid to Later Stage
Later Stage
Acquisition
MBO

INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES
Southeast

DESCRIPTION OF FIRM'S FOCUS

Provides subordinated debt for both
established, profitable enterprises looking
for growth capital and emerging companies
with strong growth potential.
Salem Capital Partners, LP

Philip Martin, Contact

112 Cambridge Plaza Drive, #201
Mail: PO Box 24785
Winston-Salem, NC 27114-4785

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $1,500,000

TYPE OF CAPITAL PROVIDED

Equity
Subordinated Debt

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Manufacturing
Light Industrial
Services
Distribution

GEOGRAPHIC PREFERENCES
Southeast

DESCRIPTION OF FIRM'S FOCUS

Provides capital for growth, expansion,
acquisition, LBO, MBO to rapidly growing
companies with historical or imminent
positive cash flow; sales of $3-$50 million.
Triangle Mezzanine Fund LLLP

Brent Burgess
3600 Glenwood Avenue, Suite 104
Raleigh, NC 27612

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

Wachovia Capital Partners, Inc.

Kevin Ellefson, Director of Finance

One First Union Center, 12th Floor
301 South College Street
Charlotte, NC 28288-0732

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $5,000,000
Preferred Max: $30,000,000

TYPE OF CAPITAL PROVIDED

Equity
Subordinated Debt

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Media
Communications
Retail
Consumer
Health

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Wachovia Private Capital, Inc.

Kevin Ellefson, Director of Finance

One First Union Center, 12th Floor
301 South College Street
Charlotte, NC 28288-0732

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Early
Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
East
CT to VA

DESCRIPTION OF FIRM'S FOCUS

&orth Dakota
North Dakota SBIC, L.P.

John G. Cosgriff, Manager

51 Broadway, Suite 400
Fargo, ND 58102

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

Ohio
Capvest Ventures, L.P.

One West 4th Street

Suite 415
Cincinnati, OH 45202

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.

Richard Martinko, Principal

526 Superior Ave., Suite 1140
Cleveland, OH 44114

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

ACP-I, L.P.

Jeff A. Dombcik, Contact

10 1/2 East Washington Street
Chagrin Falls, OH 44022

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

Capvest Ventures, L.P.

Jakki Haussler, Contact

14 S. High Street
P.O. Box 673
New Albany, OH 43054

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

Clarion Capital Corp.

Tom Niehaus, CFO

Ohio Savings Plaza
1801 East 9th Street, Suite 1120
Cleveland, OH 44114

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $250,000
Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Equity Investments

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Life Sciences
Technology Related
Diversified

GEOGRAPHIC PREFERENCES
Midwest
National

DESCRIPTION OF FIRM'S FOCUS

Enterprise Ohio Investment Company (SSBIC)

Janet White, Manager

8 North Main Street
Dayton, OH 45402

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

Key Equity Capital Corporation

David Given, President

127 Public Square, 51st Floor
Cleveland, OH 44114

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

TYPE OF CAPITAL PROVIDED

Willing to make Equity Invs.

FUNDING STAGE PREFERENCE

Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

National City Equity Partners, Inc.

William H. Schecter, President & G.M.

1965 East Sixth Street, Suite 1010
Cleveland, OH 44114

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

TYPE OF CAPITAL PROVIDED

Equity
Subordinated Debt
Debt w/Equity

FUNDING STAGE PREFERENCE

Expansion
Growth
Later Stage

INDUSTRY PREFERENCE
Manufacturing
Distribution
Consumer Products
Retail

GEOGRAPHIC PREFERENCES
Midwest

DESCRIPTION OF FIRM'S FOCUS

Invests subordinated debt and equity in a
variety of industries throughout the
Midwest. President and G.M.:
William H. Schecter.
Peppertree Capital Fund, L.P.

Howard Mandel, Contact

3550 Lander Road, Suite 300
Pepper Pike, OH 44124

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

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Later state growth equity
Recapitalizations
Buyouts

INDUSTRY PREFERENCE
Media
Telecommunications
Business Services

GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS

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

R. Glen Mayfield, Manager

221 East Fourth Street
Suite 1900
Cincinnati, OH 45202

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,500,000
Preferred Max: $4,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage
Acquisition

INDUSTRY PREFERENCE
Healthcare
Information Technology
Telecommunications
Manufacturing

GEOGRAPHIC PREFERENCES
Ohio
Kentucky
Indiana
Midwest
Southeast

DESCRIPTION OF FIRM'S FOCUS

Seek to invest in exceptional managers
operating companies that exhibit the
potential to be market leaders in
industries with strong business economics.
River Cities SBIC III, L.P.

Edwin T. Robinson, Contact

221 East Fourth Street, Suite 1900
Cincinnati, OH 45202

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 Blvd., Suite 600
Columbus, OH 43215

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

250 East 5th Street 1100 Chiquita Center
Cincinnati, OH 45202

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

Walnut Investment Partners, L.P.

James Gould, Managing Partner

312 Walnut Street, Suite 1151
Cincinnati, OH 45202

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

Walnut Private Equity Fund, L.P.

R. Scott Barnes, Contact

312 Walnut Street, Suite 1151
Cincinnati, OH 45202

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

Oklahoma
Chisholm SBIC, L.P.

John B. Frick, Contact

800 Research Parkway, Suite 385
Oklahoma City, OK 73104

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

Council Oak Investment Corporation

William O. Johnstone - Manager

101 North Broadway
Suite 400
Oklahoma City, OK 73102

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

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Oklahoma

DESCRIPTION OF FIRM'S FOCUS

First United Venture Capital Corporation

Bert Davison - Manager

1400 West Main Street
Durant, OK 74701

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Equity & Debt

FUNDING STAGE PREFERENCE

Early Stage and Growth
No Seed Money Investments

INDUSTRY PREFERENCE
Most Industries Considered
No High-Tech or Life Sciences

GEOGRAPHIC PREFERENCES
Oklahoma and North Texas

DESCRIPTION OF FIRM'S FOCUS

Oregon
Northern Pacific Capital Corporation

Joseph P. Tennant, President

937 S.W. 14th Street, Suite 200
Mail: P.O. Box 1658
Portland, OR 97207

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max:

TYPE OF CAPITAL PROVIDED

Sub. Debt w/Warrants

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Pacific
Northwest

DESCRIPTION OF FIRM'S FOCUS

Focus on providing expansion capital and
funding for management buyouts.
SmartForest Ventures I, L.P.

Hugh Mackworth, Contact

209 SW Oak Street, 1st Floor
Portland, OR 97204

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Seed
Early Stage

INDUSTRY PREFERENCE
Technology

GEOGRAPHIC PREFERENCES
Oregon
Pacific Northwest

DESCRIPTION OF FIRM'S FOCUS

Tamarack Mezzanine Partners, L.P.

John Woolley, Contact

522 SW Fifth Ave., Suite 915
Portland, OR 97204

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt w/Warrants

FUNDING STAGE PREFERENCE

Later Stage
Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Northwest

DESCRIPTION OF FIRM'S FOCUS

Pennsylvania
Argosy Investment Partners II, L.P.

Knute C. Albrecht, Manager

950 West Valley Road, Suite 2900
Wayne, PA 19087

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

Argosy Investment Partners III, L.P.

Michael Bailey, Manager

950 West Valley Road, Suite 2900
Wayne, PA 19087

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

Argosy Investment Partners, L.P.

Knute C. Albrecht, Manager

950 West Valley Road, Suite 2900
Wayne, PA 19087

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $2,500,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt w/Warrants
Convertible Preferred Stock

FUNDING STAGE PREFERENCE

Later Stage
LBO
Recapitalization

INDUSTRY PREFERENCE
Manufacturing
Distribution
Services

GEOGRAPHIC PREFERENCES
East Coast

DESCRIPTION OF FIRM'S FOCUS

Funding for expansion, acquisition, buyout
or recap of later stage, profitable
companies engaged in basic industries and
which have attractive growth potential.
Prefer investments that include a
current return feature.
CIP Capital L.P.

Ed Carey, Manager
1200 Liberty Ridge Drive
Suite 300
Wayne, PA 19087

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $250,000
Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Equity
Debt

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Life Sciences
Communications
Financial Services

GEOGRAPHIC PREFERENCES
East Coast

DESCRIPTION OF FIRM'S FOCUS

Inverness Capital Partners, L.P.

Mike Todd, Contact

3811 West Chester Pike
Building 2, Suite 200
Newtown Square, PA 19073

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

Liberty Ventures II, L.P.

Thomas R. Morse, Contact

One Commerce Square
2005 Market Street, Suite 2040
Philadelphia, PA 19103

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

Mellon Ventures, L.P.

Lawrence Mock & Ronald Coombs, Managers

One Mellon Center
Suite 5210
Pittsburgh, PA 15258

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,000
Preferred Max: $20,000,000

TYPE OF CAPITAL PROVIDED

Debt w/Equity
Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage
Acquisition

INDUSTRY PREFERENCE
Manufacturing
Services
Later Stage Technology
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Invests primarily in companies with
profitable existing operations, a defensible
plan for future growth, and
experienced, entrepreneurial leadership.
Meridian Venture Partners II, L.P.

Robert E. Brown, Jr., Contact

201 King of Prussia Road
Suite 240
Radnor, PA 19087

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

Merion Investment Partners, L.P.

William M. Means, Contact

700 South Henderson Road, Suite 202
King of Prussia, PA 19406

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

500 North Gulph Road
King of Prussia, PA 19406

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 Ventures, L.P.

Michael DiPiano, Managing G P

500 North Gulph Road
King of Prussia, PA 19406

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

Select Capital Ventures I, L.P.

Michael E. Salerno, Contact

4718 Old Gettysburg Road, Suite 405
Mechanicsburg, PA 17055

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

Rhode Island
Domestic Capital Corp.

Nathaniel B. Baker, President

815 Reservoir Avenue
Cranston, RI 02910

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
Regional

DESCRIPTION OF FIRM'S FOCUS

Fleet Equity Partners VI, L.P.

Ed Resnick, Sr. Portfolio Administrator

Mail Stop: RI MO F12C
50 Kennedy Plaza, 12th Floor
Providence, RI 02903

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

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Leverage Buyouts
Expansion

INDUSTRY PREFERENCE
Media/Information
Communications
Healthcare
Consumer
Manufacturing/Business Services

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Private equity firm specializing in
telecommunications services, media
& information, healthcare services
industrial mfg., business services &
consumer products and services.
Also invests in other private equity funds.
Fleet Venture Resources, Inc.

Ed Resnick, Sr. Portfolio Administrator

50 Kennedy Plaza, 12th Floor
Providence, RI 02903

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

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Leverage Buyouts
Expansion

INDUSTRY PREFERENCE
Media
Communications
Healthcare
Printing
Manufacturing

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

South Carolina
CF Investment Company

William S. Hummers III, Manager

104 South Main Street, Poinsett Plaza
Greenville, SC 29601

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Loan
Equity
Debt

FUNDING STAGE PREFERENCE

INDUSTRY PREFERENCE
Bank Technology

GEOGRAPHIC PREFERENCES
Southeast

DESCRIPTION OF FIRM'S FOCUS

Invests in technology companies that
provide banking-related products and
services. Seek to cultivate synergies among
its investors to promote a full-range of
automated banking services for customers.
Tennessee
Commerce Capital, L.P.

Andrew Higgins, Pres & Rudy Ruark, V.P.

5115 Maryland Way
Suite 304
Brentwood, TN 37027

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $800,000
Preferred Max: $2,500,000

TYPE OF CAPITAL PROVIDED

Debt w/Warrants

FUNDING STAGE PREFERENCE

Expansion
Acquisition
MBO

INDUSTRY PREFERENCE
Healthcare
Telecommunications
Environmental
Manufacturing

GEOGRAPHIC PREFERENCES
Southeast
Midwest

DESCRIPTION OF FIRM'S FOCUS

Delta Venture Partners I, L.P.

Donald L. Mundie, Contact

c/o Delta Capital Management, LLC
8000 Centerview Parkway, Suite 100
Cordova, TN 38018

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

FCA Venture Partners III SBIC, L.P.

Stuart C. McWhorter, Contact

113 Seaboard Lane, Suite A-250
Franklin, TN 37067

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 Keegan Mezzanine Fund, L.P.

William J. Nutter, Contact

30 Burton Hills Blvd., Suite 500
Nashville, TN 37215

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

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Equity
Loans

FUNDING STAGE PREFERENCE

Expansion
Late Stage
MBO
LBO
Acquisition

INDUSTRY PREFERENCE
Healthcare
Manufacturing
Service

GEOGRAPHIC PREFERENCES
Southeast
Mid-Atlantic
Midwest
Southwest

DESCRIPTION OF FIRM'S FOCUS

Provides growth and acquisition capital in
the form of mezzanine financing to companies
with annual revenues of at least
$10 million that can service debt with cash
flow generated from operations.
Petra Growth Fund, L.P.

Michael Blackburn, Robert A. Smith

172 Second Avenue North
Suite 112
Nashville, TN 37201

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

Pharos Capital Partners II, L.P.

Kneeland Youngblood, Contact

1 Burton Hills Boulevard
Suite 180
Nashville, TN 37215

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

Valley Capital Corp. (SSBIC)

Lamar J. Partridge, President

535 Chestnut Street, Suite 368
P.O. Box 11086
Chattanooga, TN 37402

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $200,000

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified
Communications
Health Care
Wholesale Dist

GEOGRAPHIC PREFERENCES
Southeast

DESCRIPTION OF FIRM'S FOCUS

West Tennessee Venture Capital Corporation (SSBIC)

Frank Banks, President

5 North Third Street
Memphis, TN 38103

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

Texas
Alliance Enterprise Corporation

Donald R. Lawhorne, President

2435 North Central Expressway
Suite 200
Richardson, TX 75080

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Debt with Equity
Straight Equity

FUNDING STAGE PREFERENCE

Later Stage
Expansion
Buyouts

INDUSTRY PREFERENCE
Mfg. Specialty
Electronics
Broadcast
Food Processors

GEOGRAPHIC PREFERENCES
Mostly Southwest

DESCRIPTION OF FIRM'S FOCUS

To provide long-term venture capital
to well-managed growing businesses
owned and managed by minority
entrepreneurs.
BA Capital Company, L.P.

Doug Williamson, Sr. Vice President

901 Main Street, 22nd Floor
Dallas, TX 75202

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

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

TYPE OF CAPITAL PROVIDED

FUNDING STAGE PREFERENCE

Later stage - small- mid
market.

INDUSTRY PREFERENCE
Revenue size: $5 mil to $100 mil
$10 to $100 mil enterprise value

GEOGRAPHIC PREFERENCES
Texas, New Mexico, Oklaho
Arkansas, Lousiana

DESCRIPTION OF FIRM'S FOCUS

Manufacturers, distriubtions, and services.
Capital Southwest Venture Corp.

William R. Thomas, President

12900 Preston Road, Suite 700
Dallas, TX 75230

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $6,000,000

TYPE OF CAPITAL PROVIDED

Prefer Equity-Type Investments
Subordinated Debt
Loans

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

To achieve capital appreciation through
long-term investments in businesses
given the capital provided by our
investment believed to have favorable
growth potential.
Catalyst Fund, Ltd. (The)

Richard L. Herrman, Manager

Two Riverway, Suite 1710
Houston, TX 77056

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $2,500,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Equity

FUNDING STAGE PREFERENCE

Acquisition
MBO
Second Stage
Third Stage
Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Expansion or transaction financing
to companies with revenues greater than
$5 million and profitable.
Working with affiliates, fundings up to
$10 million available.
Catalyst/Hall Growth Capital, LP

Rick Herrman, Contact

Two Riverway, Suite 1710
Houston, TX 77056

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Equity

FUNDING STAGE PREFERENCE

Acquisition
MBO
Second Stage
Third Stage
Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Expansion or transaction financing
to companies with revenues greater than
$10 million and profitable.
Working with affiliates, fundings up to
$10 million available.
Chen's Financial Group, Inc. (SSBIC)

Samuel S. C. Chen, President

8303 Southwest Freeway, Suite 750
Houston, TX 77074

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $50,000
Preferred Max: $450,000

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Seed
Acquisition

INDUSTRY PREFERENCE
Hotel/Motel

GEOGRAPHIC PREFERENCES
Houston, TX

DESCRIPTION OF FIRM'S FOCUS

Specializes in hotel and motel developments
and acquisitions.
Cogene Biotech Ventures II, L.P.

C. Thomas Caskey, M.D., Contact

5 Post Oak Park
4400 Post Oak Parkway, Suite 1400
Houston, TX 77027

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Equity - 99%

FUNDING STAGE PREFERENCE

Early Stage - 15%
Expansion - 75%
Later - 10%

INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES
Texas - 50%
California - 25%
Southeast - 25%

DESCRIPTION OF FIRM'S FOCUS

Industry - Life Science
First Capital Group of Texas II, L.P.

Wm. Ward Greenwood

100 Congress Avenue, Suite 730
Austin, TX 78701

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 Capital Group of Texas II, L.P.

Messrs. Blanchard, Greenwood, & Locy

750 East Mulberry, Suite 305
San Antonio, TX 78212

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $1,500,000

TYPE OF CAPITAL PROVIDED

Convertible Preferred
Convertible Sub Debt

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage
MBO

INDUSTRY PREFERENCE
Communications
Electronic Technology
Manufacturing
Healthcare/Medical
Energy/Environment

GEOGRAPHIC PREFERENCES
Texas
Southwest

DESCRIPTION OF FIRM'S FOCUS

Invests in well-managed, middle-market
companies located primarily in Texas
or the near Southwest.
First Capital Group of Texas III, L.P.

Jeffrey P. Blanchard, Contact

750 E. Mulberry, Suite 305
San Antonio, TX 78212

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,500,000
Preferred Max: $5,000,000

TYPE OF CAPITAL PROVIDED

FUNDING STAGE PREFERENCE

Early stage - IRR 50%,75%
Expansion stage-IRR 35%
Management buyout

INDUSTRY PREFERENCE
Early stage - $1.5 mil to $2.5 mil
Expansion - $3 mil to 4.5 mil
Management buyouts - $3 mil to $5 mil

GEOGRAPHIC PREFERENCES
Texas, and southwest.

DESCRIPTION OF FIRM'S FOCUS

small an middle market companies
Independent Bankers Capital Fund, L.P.

Floyd Collins, Barry Conrad, Contacts

1700 Pacific Avenue,
Suite 2740
Dallas, TX 75201

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Texas
Southwest

DESCRIPTION OF FIRM'S FOCUS

Jardine Capital Corp.

Lawrence Wong, President

6638 Sharpstown Green Circle
Houston, TX 77036

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max: $260,000

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
North
South

DESCRIPTION OF FIRM'S FOCUS

Main Street Capital II, LP

Todd Reppert, Contact

1300 Post Oak Blvd., Suite 800
Houston, TX 77056

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 Mezzanine Fund, L.P.

Todd A. Reppert, Contact

1300 Post Oak Blvd., Suite 800
Houston, TX 77056

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

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Expansion
Buyout
Recapitalization

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Southwest, Gulf Coast

DESCRIPTION OF FIRM'S FOCUS

Expansion or Transaction Financing
MESBIC Ventures, Inc.

Donald R. Lawhorne, President

2435 North Central Expressway
Suite 200
Richardson, TX 75080

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Debt w/Equity
Straight Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage
Buyouts

INDUSTRY PREFERENCE
Mfg. Specialty
Electronics
Broadcast
Food Processors

GEOGRAPHIC PREFERENCES
Mostly Southwest

DESCRIPTION OF FIRM'S FOCUS

To provide long-term venture capital
to well-managed growing businesses owned
and managed by minority entrepreneurs.
North Texas MESBIC, Inc. (SSBIC)

Allan Lee, President

4563 W. Walnut Street
Suite 200
Garland, TX 75042-5143

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $150,000
Preferred Max: $250,000

TYPE OF CAPITAL PROVIDED

Loans

FUNDING STAGE PREFERENCE

Early Stage
Expansion

INDUSTRY PREFERENCE
Retail
Wholesalers
Distributors

GEOGRAPHIC PREFERENCES
State of Texas

DESCRIPTION OF FIRM'S FOCUS

PMC Investment Corporation (SSBIC)

Andrew S. Rosemore, President

17950 Preston Road
Suite 600
Dallas, TX 75252

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min:
Preferred Max: $1,500,000

TYPE OF CAPITAL PROVIDED

Secure Lender

FUNDING STAGE PREFERENCE

All Stages
including Start-Ups

INDUSTRY PREFERENCE
Diversified
Specializing in Motel & Franchise

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Power Equities, Inc.

Donald Lawhorne and Thomas Gerron

2435 North Central Expressway
Suite 200
Richardson, TX 75080

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $100,000
Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Sub. Debt w/Warrants

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Acquisition

INDUSTRY PREFERENCE
Manufacturing
Wholesale Distribution
Franchise
Services
Diversified

GEOGRAPHIC PREFERENCES
Southeast
Mid-Atlantic

DESCRIPTION OF FIRM'S FOCUS

To provide long-term venture capital
to well-managed growing businesses owned
and managed by minority entrepreneurs.
Red River Ventures I, L.P.

J. Bruce Duty, Contact

15301 Dallas Parkway, Suite 820
Addison, TX 75001

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

FUNDING STAGE PREFERENCE

Early stage - 20%
Later stage - 80%

INDUSTRY PREFERENCE
$3 million - $5 million

GEOGRAPHIC PREFERENCES
2/3 will be in Texas and
Southeast area

DESCRIPTION OF FIRM'S FOCUS

Telecom, manufacturing, distribution and
Info Tech
SBIC Partners, L.P.

Gregory Forrest & Jeffrey Brown, Manager

201 Main Street, 27th Floor
Fort Worth, TX 76102

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,000
Preferred Max: $9,000,000

TYPE OF CAPITAL PROVIDED

Equity Only

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Southwest/Catalyst Capital, Ltd.

Ronald Nixon and Richard Herrman, Mgrs.

Two Riverway, Suite 1710
Houston, TX 77056

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Equity

FUNDING STAGE PREFERENCE

Acquisition
MBO
Second Stage
Third Stage
Expansion

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Expansion or transaction financing to
companies with revenues greater than
$5 million and profitable.
Working with affiliates, fundings up to
$10 million available.
Stratford Capital Partners, L.P.

John Farmer, Manager

300 Crescent Court, Suite 500
Dallas, TX 75201

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,000
Preferred Max: $9,000,000

TYPE OF CAPITAL PROVIDED

Equity
Sub. Debt w/Equity

FUNDING STAGE PREFERENCE

Expansion
Later Stage
Acquisition

INDUSTRY PREFERENCE
Manufacturing
Distribution
Niche Services
Diversified

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Provide later stage growth and
acquisition capital to middle market
companies primarily in the manufacturing,
distribution, and service industries
throughout the United States.
Stratford Equity Partners, L.P.

John Farmer, Manager

200 Crescent Court, Suite 1600
Dallas, TX 75201

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $3,000,000
Preferred Max: $9,000,000

TYPE OF CAPITAL PROVIDED

Subordinated Debt
Preferred Stock
Common Stock

FUNDING STAGE PREFERENCE

Acquisition
Second Stage
Expansion
MBO

INDUSTRY PREFERENCE
Manufacturing
Distribution
Business Services
Diversified

GEOGRAPHIC PREFERENCES
Continental USA

DESCRIPTION OF FIRM'S FOCUS

Provide later stage growth and acquisition
capital to middle market companies
primarily in the manufacturing,
distribution, and service industries
throughout the United States.
SunTx Fulcrum Fund II - SBIC, L.P.

Ned N. Fleming, Contact

14001 N. Dallas Parkway, Suite 111
Dallas, TX 75240

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, Florid
Georgia, Kentucky, Louisi
New Mexico, etc.

DESCRIPTION OF FIRM'S FOCUS

manufacturing, distribution and services
Toronto Dominion Capital (U.S.A.), Inc.

Martha L. Gariepy, VP/Secretary/Treas.

909 Fannin
Suite 1700
Houston, TX 77010

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

Trident Growth Fund, L.P.

Larry St. Martin, Contact

700 Gemini, Suite 100
Houston, TX 77058

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $2,000,000

TYPE OF CAPITAL PROVIDED

Expansion/Growth Stage Company
Buyouts
No Startups

FUNDING STAGE PREFERENCE

Later Stage, no startups

INDUSTRY PREFERENCE
None

GEOGRAPHIC PREFERENCES
Southwest
with focus in Texas

DESCRIPTION OF FIRM'S FOCUS

Western Financial Capital Corporation

Andrew S. Rosemore, President

17950 Preston Road
Suite 600
Dallas, TX 75252

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

TYPE OF CAPITAL PROVIDED

Secure Lender

FUNDING STAGE PREFERENCE

All Stages
including Start-Ups

INDUSTRY PREFERENCE
Diversified
Specializing in Motel & Franchise

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Utah
Peterson Partners III, L.P.

Rick Stratford, Contact

2825 E. Cottonwood Parkway
Suite 400
Salt Lake City, UT 84121-

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.

James C. Dreyfous, Contact

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

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

UTFC Financing Solutions, LLC

Steve Grizzell, Contact

699 East South Temple, Suite 220
Salt Lake City, UT 84102

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.

Dinesh Patel, Contact

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

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 Corporation

Todd J. Stevens, Secretary

1 South Main Street
Suite 1400
Salt Lake City, UT 84133

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $500,000
Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Debt
Equity

FUNDING STAGE PREFERENCE

Early Stage
Growth Stage

INDUSTRY PREFERENCE
High Technology
Computer
Internet
Communications

GEOGRAPHIC PREFERENCES
Midwest
West

DESCRIPTION OF FIRM'S FOCUS

Early stage, technology based investor.
Wasatch Venture Fund II, LLC

Todd Stevens, Manager

1 South Main Street
Suite 1400
Salt Lake City, UT 84133

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.

Todd J. Stevens
One South Main Street, Suite 1660
Salt Lake City, UT 84133

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.

Todd J. Stevens, Contact

One South Main Street, Suite 1660
Salt Lake City, UT 84133

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

Vermont
North Atlantic Venture Fund II, L.P.

Gregory B. Peters, Vice President

76 St. Paul Street, Suite 600
Burlington, VT 05401

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

Virginia
BIA Digital Partners, L.P.

Lloyd R. Sams, Contact

15120 Enterprise Court, Suite 200
Chantilly, VA 20151

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

Continental SBIC (SSBIC)

Arthur Walters, President

4141 N. Henderson Road,
Suite 8
Arlington, VA 22203

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $250,000
Preferred Max: $1,000,000

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
North
South
Midwest

DESCRIPTION OF FIRM'S FOCUS

Development Capital Ventures, L.P.

Wayne S. Foren, Contact

4443 Brookfield Corporate Drive
Suite 110
Chantilly, VA 20151

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $1,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Equity
Debt w/Equity Features

FUNDING STAGE PREFERENCE

Growth Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
National
Puerto Rico

DESCRIPTION OF FIRM'S FOCUS

Growth stage companies w/demonstrated
performance, cash flows, & realistic growth
potential. It intends to make some invest-
ments in SBA "New Markets" concerns,
provided basic fund criteria is met
eCentury Capital Partners, L.P.

Thomas Dann, Managing Director

8180 Greensboro Drive
Suite 1150
McLean, VA 22102

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

GIV Venture Partners, L.P.

10790 Parkridge Blvd 300

Reston, VA 20191-

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

Virginia Capital SBIC, L.P.

Frederick Russell & Tom Deardorff, Mgrs.

1801 Libbie Avenue, Suite 201
Richmond, VA 23226

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

Waterside Capital Corporation

Alan Lindauer, President

500 East Main Street, Suite 800
Norfolk, VA 23510

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

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Eastern
Virginia

DESCRIPTION OF FIRM'S FOCUS

Washington
Bancshares Capital, L.P.

John E. Thoresen, Contact

1000 Second Avenue, Suite 1200
Seattle, WA 98104

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

Fluke Venture Partners II, L.P.

Kevin C. Gabelein, Contact

11400 SE 6th Street, Suite 230
Bellevue, WA 98004

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

Integra Ventures III, L.P.

Tim T. Black, Contact

300 E. Pine, 2nd Floor
Seattle, WA 98122

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

Northwest Venture Partners III, L.P.

Jean Balek-Miner, Contact

221 North Wall Street, Suite 628
Spokane, WA 99201

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

Washington DC
Allied Investment Corporation

Kelly Anderson, Executive Vice President

1919 Pennsylvania Avenue, NW
Washington, DC 20006-3434

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

Subordinate Debt w/Equity

FUNDING STAGE PREFERENCE

Later Stage

INDUSTRY PREFERENCE
All Industries
but Biotech

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Alpine Equity Fund, L.P.

George McCabe, Contact

1055 Thomas Jefferson Street, NW
Suite 218
Washington, DC 20007-5256

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $0
Preferred Max: $0

TYPE OF CAPITAL PROVIDED

52.8% entity institutional inv
29.8% indiv institutional inv
17.4% dual commitments

FUNDING STAGE PREFERENCE

15% Exapnsion
35% Later Stage
50% Change-of-Control

INDUSTRY PREFERENCE
$10 million - $75 million
in total enterprise value
("micro cap companies")

GEOGRAPHIC PREFERENCES
East Coast w/ emphasis on
Mid-Atlantic region

DESCRIPTION OF FIRM'S FOCUS

Financial services
Educational products and services
Selected consumer products
Select federal government contractors
Broadcast Capital, Inc. (SSBIC)

Rehka C. Henderson, President

1001 Connecticut Avenue
Suite 705
Washington, DC 20036

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $250,000
Preferred Max: $500,000

TYPE OF CAPITAL PROVIDED

Debt
Equity Investments

FUNDING STAGE PREFERENCE

Expansion
Later Stage

INDUSTRY PREFERENCE
Broadcast & Comm Related

GEOGRAPHIC PREFERENCES
National

DESCRIPTION OF FIRM'S FOCUS

Focus on telecommunications industry,
mainly radio and television.
Core Capital Partners II-S, L.P.

William Dunbar, Contact

901 15th Street, Suite 950
Washington, DC 20005

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, L.P.

William Dunbar, Jonathan Silver, Contact

901 15th Street, Suite 950
Washington, DC 20005

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

Grosvenor Special Ventures IV, L.P.

Bruce B. Dunnan
1808 Eye Street, N.W. , Suite 900
Washington, DC 20006

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

Halifax Growth Partners, L.P.

David W. Dupree, Contact

1133 Connecticut Ave., N.W. - Suite 725
Washington, DC 20036

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

Mountaineer Capital, L.P.

Patrick A. Bond, Contact

107 Capitol Street, Suite 300
Charleston, WV 25301

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

West Virginia
Whitney Capital Corporation

Gale Gray, Manager

707 Virginia Street, East
Suite 1700
Charleston, WV 25301

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

TYPE OF CAPITAL PROVIDED

Loans
Equity

FUNDING STAGE PREFERENCE

Early Stage
Expansion
Later Stage

INDUSTRY PREFERENCE
Diversified

GEOGRAPHIC PREFERENCES
Regional

DESCRIPTION OF FIRM'S FOCUS

Wisconsin
Banc One Stonehenge Capital Fund WI, LLC

Mr. Kent Velde, Manager

3424 N. Shepard Avenue
Milwaukee, WI 53211

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

Facilitator Capital Fund, L.P.

Robert Zobel, Gustavus Taylor

301 East Vienna Avenue
Milwaukee, WI 53212-

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

M & I Ventures, L.L.C.

John T. Byrnes, President

411 E. Wisconsin Avenue, Suite 1280
Milwaukee, WI 53202

INVESTMENT CRITERIA
INVESTMENT SIZE RANGE
Preferred Min: $2,000,000
Preferred Max: $3,000,000

TYPE OF CAPITAL PROVIDED

Fully Invested

FUNDING STAGE PREFERENCE

INDUSTRY PREFERENCE

GEOGRAPHIC PREFERENCES

DESCRIPTION OF FIRM'S FOCUS