Portfolio

• January 2011
• Subordinated Debt and Common Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Kiosk Information Systems designs, fabricates and assembles customized, self-service kiosk systems for businesses and governments. These kiosk systems allow the customer to reduce transaction and labor costs, improve internal and external communications, collect real-time information and generate additional revenue through digital advertising.

• June 2010
• Subordinated Debt and Common Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Particle Dynamics International is a manufacturer of pharma-grade ingredients, such as calcium carbonate and magnesium carbonate, which are used by the pharmaceutical, vitamin, mineral and nutritional food industries globally.

• June 2010
• Senior Debt
• Recapitalization

Investment Status: Inactive

Tex Tech Industries is a leading manufacturer of highly-engineered, woven and non-woven fabrics used in numerous industrial applications, including aerospace, mass transportation, aviation, defense, filtration, ballistics and fire blocking. The Company is also the dominant worldwide supplier of high-performance tennis ball felt. The Company operates facilities in the Northeast U.S. and China.

• July 2009
• Subordinated Debt
• Recapitalization

Investment Status: Inactive

Copperhead Chemical Company is the only FDA-approved North American manufacturer of diluted nitroglycerin used in pharmaceutical products. In addition to its medical market, the Company supplies nitroglycerin-based compounds to the U.S. military and the cosmetics industry.

• July 2009
• Subordinated Debt and Common Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Walpar is the leading designer and manufacturer of overhead highway signage structures in the Southeastern and Middle Atlantic United States. The Company designs and manufactures highly-engineered, cantilevered and road-spanning structures that typically hold D.O.T. road signage, but also can be designed to hold electronic traffic instruction signage, traffic cameras and the like.

• March 2009
• Subordinated Debt, Preferred Equity and Common Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Aerospace Manufacturing Group is the holding company for two high-precision machining and engineering companies that provide mission-critical components to aerospace and defense OEMs and systems suppliers. The Company’s core competency is manufacturing complex milled and machined parts from small to very large sizes (i.e., in excess of 70 ft.) that require extremely tight tolerances, unique metallurgical properties and multi-step production engineering.

• January 2009
• Subordinated Debt
• Recapitalization

Investment Status: Inactive

Wisconsin Pharmacal Company is a manufacturer and distributor of niche consumer products for the outdoor recreation and over-the-counter health and hygiene markets that are sold mostly through drug store chains as either branded or private-label products.

• December 2008
• Subordinated Debt and Preferred Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Kool Holdings is a holding company comprised of two operating divisions; one a leading manufacturer and distributor of automotive aftermarket air conditioning condensers and the other a distributor of coils and condensers used in various commercial cooling and refrigeration applications.

• December 2008
• Subordinated Debt and Preferred Equity
• Independent Sponsor Buyout

Investment Status: Inactive

TM International is the world’s largest producer of temporary tattoos which are used in a wide variety of corporate promotional and consumer applications. Products are sold under a variety of brands and through multiple distribution channels, including specialty advertising distributors, on-line merchants and via retailers such as mass merchandisers and specialty stores.

• June 2008
• Subordinated Debt and Preferred Equity
• Growth Capital and Minority Shareholder Buyout

Investment Status: Inactive

WatchGuard Video is a market leader in the design and manufacture of in-car audio/visual recording equipment for law enforcement used to record events for subsequent playback. The Company was the first to provide an in-car video system that records directly to re-writable DVD-Video discs, allowing for easy storage and transfer of event video.

• May 2008
• Subordinated Debt and Preferred Equity
• Independent Sponsor Buyout

Investment Status: Inactive

ClingZ is a manufacturer of electrostatic, printable films which are distributed to specialty printers for mostly advertising and marketing applications, such as pharmaceutical posters, retail displays, post cards and magazine inserts. The Company’s products are manufactured using multiple patented and proprietary processes which give them unique physical properties, most notably a light electrostatic charge allowing the films to cling to almost any flat, clean surface.

• April 2008
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

Primary Physicians Research is an investigative medical research business that conducts clinical trials for the pharmaceutical industry with a focus on vaccines. The Company is responsible for recruiting patients, dispensing a trial drug or placebo to the patient and collecting patient data during the course of the investigation.

• March 2008
• Subordinated Debt and Preferred Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Uniflight is a full-service provider of maintenance services for helicopters, offering overhaul, repair and replacement parts principally for Bell Helicopters.

• February 2008
• Subordinated Debt and Preferred Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Southland Sanitation is a residential, commercial and light industrial waste hauler, operating in and around a Southeastern metropolitan center.

• December 2007
• Subordinated Debt and Preferred Equity
• Recapitalization and Minority Shareholder Buyout

Investment Status: Inactive

Crimson Trace Corporation is the world leader in the design and manufacture of laser sights for firearms, and was the first to offer grip-integrated laser sights for guns. The Company has a multi-patented system that builds the laser, power source and activation switch directly into the handgrip.

• December 2007
• Subordinated Debt and Common Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Aerospace Manufacturing Group manufactures composite aero-structures for the commercial and military aircraft industries, supplying aircraft ducting, interior panels, ballistic materials, air filtration systems, structural carbon fiber parts and many other components that are used on dozens of aircraft platforms.

• July 2007
• Subordinated Debt
• Recapitalization

Investment Status: Inactive

Stampede Presentation Products is a specialty distributor of commercial grade display products, including projectors, thin displays (plasma, LCD & LED) and related accessory products such as mounts, screens, cables, speakers, etc., used in educational, corporate and governmental applications. The Company serves as a “demand aggregator” for smaller electronics dealers, distributors and installers, providing access to the industry’s newest and most advanced A/V equipment.

• June 2007
• Subordinated Debt
• Recapitalization

Investment Status: Inactive

DMW Worldwide is a full-service, direct-response marketing agency. Its clients include insurers, not-for-profit companies and public television stations. The Company designs custom direct marketing programs to acquire, support and retain customers, offering a turnkey approach to direct marketing including creative, graphical, execution, quality control, customer maintenance, enrollment and other services.

• April 2007
• Subordinated Debt, Preferred Equity and Common Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Cass Polymers is a specialty chemical manufacturing company that produces several lines of commercial, industrial and military floor coatings as well as a line of resins, adhesives and fillers for the automotive, yachting and industrial tooling markets.

• February 2007
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

E-Mon is a market leader in the design and manufacture of electrical utility submeters and related energy management systems. The Company’s products are ideally suited to monitor energy use within a multi-tenant building or group of buildings, such as office towers and apartment complexes. It also offers complete energy management solutions, including energy optimization and tenant-usage billing software packages.

• January 2007
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

TPG Mt. Vernon Marine is an inland waterway harbor-services business which provides various services to barge and dock owners. The Company’s primary business is providing boat services which principally include moving barges from one point to another, such as to and from docks and barge fleets. Long-haul tug boat operators that push up to 30 barges at a time use the Company to remove or add barges from their loads at its river port location. It also provides a variety of repair and maintenance services to barge owners.

• December 2006
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

Trans-Cycle Industries specializes in recycling, refurbishing and disposing of transformers and other oil-filled electrical equipment, including PCB-contaminated components. The Company generates revenue by assessing fees for safe disposal of oil-filled electrical equipment and the sale of recovered materials such as copper, steel and other valuable metals. It is one of only a handful of firms in the U.S. qualified to dispose of PCB-laden components.

• October 2006
• Subordinated Debt and Preferred Equity
• Recapitalization and Growth Capital

Investment Status: Inactive

WorkLife Financial is a professional employer organization that provides integrated human resources services to small- and medium-sized businesses. The Company’s personnel management system offers various services, including benefits and payroll administration, health and workers’ compensation insurance programs, employer liability management and personnel records management.

• October 2006
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

Haskell Jewels is a leading designer, marketer and distributor of fashion jewelry (a/k/a costume jewelry). Founded in 1926, the Company sells both its own branded products and licensed products, including several well-known designer brands, to a wide range of retailers.

• June 2006
• Subordinated Debt
• Growth Capital

Investment Status: Inactive

Etransmedia Technology is a provider of medical transcription and medical revenue cycle management services to over 150 small- to medium-sized physician’s practices, primarily in the Northeast and Mid-Atlantic States.

• February 2006
• Subordinated Debt
• Management Buyout

Investment Status: Inactive

Floratine Products Group formulates, manufactures and distributes proprietary foliar biostimulants, nutrients and soil amendments primarily used to manage turfgrass on golf courses and in professional sports stadiums.

• February 2006
• Subordinated Debt
• Management Buyout

Investment Status: Inactive

ES3 specializes in developing creative programs and curriculum used by automotive, truck and heavy equipment OEMs to launch new products, primarily to their retail sales forces. In addition, the Company develops creative programs and training materials used to educate and inform automotive sales and service teams on existing OEM products.

• February 2006
• Subordinated Debt
• Strategic Acquisition

Investment Status: Inactive

TriStar Global Energy Solutions provides tank cleaning and related services to the U.S. oil refinery, pipeline and power generation industries. With Peninsula’s financial support, the Company acquired a formulator and marketer of specialty chemicals used in the decontamination, degassing and cleaning of petrochemical storage vessels and process units in oil refining, power generation and chemical processing plants.

• February 2006
• Subordinated Debt and Senior Term B Debt
• Independent Sponsor Strategic Acquisition

Investment Status: Inactive

Tensator is a UK-based designer and manufacturer of flexible queue management products used to manage customer flow for retail, entertainment, transportation and other venues. With Peninsula’s financial backing, the Company purchased the largest U.S. distributor of queue management products located in the Northeast. The combined companies are believed to be the largest global providers of such products.

• December 2005
• Subordinated Debt and Preferred Equity
• Independent Sponsor Buyout

Investment Status: Inactive

General Wholesale Distributors is the exclusive regional distributor for a major manufacturer of HVAC systems for residential and light commercial applications, distributing HVAC systems and parts to hundreds of dealers/installers throughout its region.

• November 2005
• Subordinated Debt and Preferred Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Interasian Resources Group designs, contract manufactures, imports and markets cosmetic bags, travel totes and similar items for fragrance and cosmetic marketers, primarily for use in gift set packaging and gift-with-purchase promotions. The Company also makes handbags for leading fashion companies and electronic device carrying cases (for cell phones, lap tops, etc.) for OEMs and aftermarket suppliers.

• September 2005
• Preferred Equity and Common Equity
• Leveraged Buyout

Investment Status: Inactive

Academy of Healing Arts is a for-profit, vocational school focused on health career programs with an enrollment level of about 300 students. The Company offers four primary career programs that award students either a diploma or a certificate, including Medical Assistant, Message Therapy, Medical Office IT and Phlebotomy.

• May 2005
• Subordinated Debt
• Recapitalization

Investment Status: Inactive

Kelly Aerospace designs, manufactures and sells a broad range of electrical components, turbochargers, heaters, fuel systems and airframe components for the general aviation market, as well as turbochargers and related performance enhancing products for the performance automotive aftermarket and certain industrial markets.

• January 2005
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

Founded in 1941, NAP Tools is a leading manufacturer and distributor of cutting tools and is the nation’s largest servicer of cutting tools. The Company operates 12 regional service centers located throughout the United States and Canada. Peninsula provided additional subsequent financing to support the acquisition of a similar company in Quebec, Canada.

• December 2004
• Subordinated Debt and Preferred Equity
• Independent Sponsor Recapitalization

Investment Status: Inactive

Specialized Packaging Group is a certified minority-owned converter of box-board into packaging for consumer products companies such as Proctor & Gamble, Unilever and Colgate-Palmolive. The Company operates two state-of-the-art plants that are capable of producing a wide variety of packaging and graphics. It has developed a reputation for its ability to produce technically challenging packaging solutions for its customers.

• October 2004
• Subordinated Debt
• Management Buyout

Investment Status: Inactive

Americana is a residential real estate brokerage company affiliated with the Prudential real estate network. The Company is the largest firm of its kind in its major metro market and is one of the top ten firms in the Prudential network with over 1,000 affiliated agents.

• September 2004
• Subordinated Debt and Common Equity
• Independent Sponsor Buyout

Investment Status: Inactive

PartsZone distributes repair and service parts for industrial-grade construction, mining and forestry equipment, specializing in parts for machinery that is no longer actively supported by the OEM.

• July 2004
• Subordinated Debt and Preferred Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Carmel Car & Limousine Service is the leading dispatcher of community cars providing transportation services primarily to and from major metro airports in the Northeast. The Company has a leading market share and the largest fleet of affiliated drivers in its area of operation.

• June 2004
• Subordinated Debt and Preferred Equity
• Management Buyout

Investment Status: Inactive

Tex Tech Industries is a leading manufacturer of highly-engineered, woven and non-woven fabrics used in numerous industrial applications, including aerospace, mass transportation, aviation, defense, filtration, ballistics and fire blocking. The Company is also the dominant worldwide supplier of high-performance tennis ball felt. The Company operates facilities in the Northeast U.S. and China.

• June 2004
• Subordinated Debt
• Leveraged Buyout

Investment Status: Inactive

InGEAR Corporation is a designer, manufacturer, importer and marketer of a broad range of cut-and-sewn luggage, sports bags, backpacks and soft coolers sold through mass merchandisers and department stores in the United States and Canada.

• June 2004
• Subordinated Debt
• Growth Capital

Investment Status: Inactive

Tanning Bed operates a chain of indoor tanning centers and is the largest provider of such services in its operating region. The Company’s stores generate over 2.5 million visits annually.

• May 2004
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

Global Thermoelectric is the leading developer, manufacturer and marketer of low-wattage thermoelectric generators in the world. The Company’s products are used to power instrumentation and communication equipment in remote locations that do not have electrical grid access.

• January 2004
• Subordinated Debt
• Recapitalization

Investment Status: Inactive

Bruegger’s Enterprises is one of the largest retail chains of fresh bagel bakeries in the United States. The Company consists of a nationwide system of 243 stores in 17 states, including 127 company-owned stores and 116 franchise stores.

• January 2004
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

NatRock is a leading wholesaler and fabricator of specialty stone products used in landscaping and construction. The Company’s product lines consist of cut stone for building facades, decorative aggregates, landscaping sands and specialty gravel mixes used in turf beds for golf courses and stadiums.

• December 2003
• Subordinated Debt
• Independent Sponsor Add-On Acquisition

Investment Status: Inactive

Cloud Packaging Solutions is a contract packager of food stuffs, such as powders (i.e., coffee, sugar, powdered drinks), granular products (i.e., ready-to-serve oatmeal, granola) and small pieces (i.e., macaroni, candy). The Company is also a designer and manufacturer of high-speed, form fill/seal (FFS) packaging machinery and related equipment primarily for food companies. Subsequent to the initial investment in October 2000, it acquired a small contract packager serving the OTC pharmaceutical industry, requiring and additional investment.

• December 2003
• Subordinated Debt
• Recapitalization and Dividend

Investment Status: Inactive

The Company is the leading distributor of pure-breed puppies to the retail pet industry. It delivers puppies to most major metropolitan areas throughout the U.S. via its fleet of custom-designed, climate-controlled trucks. The Company has developed a rigorous set of standards to safeguard the welfare of its puppies, including requiring breeders to meet certain care standards, maintaining sanitary and comfortable living conditions while at the Company’s facilities and during transport and screening retailers for proper pet care practices.

• March 2003
• Subordinated Debt and Common Warrants
• Independent Sponsor Buyout

Investment Status: Inactive

Tractech is a leading designer and manufacturer of premium quality traction control differential systems and centrifugal clutch assemblies serving both the original equipment and aftermarket sectors.

• January 2003
• Subordinated Debt and Preferred Equity
• Independent Sponsor Buyout

Investment Status: Inactive

CIBT is the nation’s largest expeditor of international travel documentation (visas and passports) for business travelers. The Company also offers short-term rental of cellular and satellite phones. Subsequent to the initial investment, additional rounds of capital were provided to support the Company’s acquisitions of similar businesses in the U.S. and Europe.

• November 2002
• Subordinated Debt
• Strategic Acquisition

Investment Status: Inactive

Deckers Outdoor Corporation designs, sources and markets three branded lines of fashion and functional footwear. The Company’s brands are internationally recognized and are category leaders. Products are mostly sold via major footwear retailers, department stores and mass merchandisers.

• November 2002
• Subordinated Debt
• Independent Sponsor Add-On Acquisition

Investment Status: Inactive

The Company is a producer of specialty coated fabrics used in myriad healthcare, industrial, agricultural, marine, awning and graphics applications.

• September 2002
• Subordinated Debt
• Recapitalization

Investment Status: Inactive

We Care Transportation is a regional provider of specialty transportation services operating in three market segments: non-emergency medical transportation; school bus transport; and leisure and tourism. Transport services are provided via a fleet of specialty vehicles including ambulettes, buses, limousines and coaches.

• September 2002
• Subordinated Debt
• Growth Capital

Investment Status: Inactive

National Heritage Academies is one of the nation’s largest operators of public charter schools focusing on elementary grades. Many of its schools are in areas where the public schools have underperformed, offering a publicly-funded alternative to families with children. The Company operates more than 30 schools in Michigan, North Carolina, New York and Ohio.

• January 2002
• Subordinated Debt
• Recapitalization

Investment Status: Inactive

AT Plastics is a specialty chemical company consisting of two business units, a specialty polymers division and an industrial film division. The specialty polymers unit develops and manufactures specialty thermoplastic resins (polymers) for use by producers of plastic products. End-use markets for resin products include thermo-laminating films, automotive trim, medical devices, hot-melt adhesives, flexible packaging, foam applications and tubing/piping. The films unit fabricates large-scale industrial films used as greenhouse covers, silage bags and covers for the construction market. Although headquartered in Ontario with manufacturing facilities in Western Canada, the majority of the Company’s sales are to customers in the U.S.

• September 2001
• Subordinated Debt and Common Equity
• Leveraged Buyout

Investment Status: Inactive

American Furniture Manufacturing is a low-cost producer of low price-point upholstered furniture used by furniture retailers as promotional items that are often featured in advertising campaigns to help generate store traffic. The Company sells to most major furniture retailers located in the Midwest and Florida.

• July 2001
• Subordinated Debt
• Management Buyout

Investment Status: Inactive

All-Pak is a packaging design, distribution and logistics company providing its customers with a wide variety of packaging solutions, including metal and plastic drums, plastic bottles, closures, labels, bags and many other packaging components. The Company handles over 4,000 SKUs supplied by some 350 manufacturers, enabling it to offer customers a comprehensive array of packaging solutions. It also provides value-added services such as container cleaning and subassembly. Primary industries served include food & beverage, consumer products and pharmaceuticals.

• June 2001
• Subordinated Debt and Common Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Garsite is a holding company comprised of two primary operating divisions, one a major manufacturer of FAA-compliant aviation refueling tank trucks and the second a manufacturer of steel and aluminum truck-mounted tanks used in the aviation, agriculture, heating oil and waste-hauling industries. The Company also has a controlling interest in a small company that assembles volumetric concrete mixing trucks (i.e., trucks that carry the components of concrete separately and mix them onsite).

• October 2000
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

Cloud Packaging Solutions is a contract packager of food stuffs, such as powders (i.e., coffee, sugar, powdered drinks), granular products (i.e., ready-to-serve oatmeal, granola) and small pieces (i.e., macaroni, candy). The Company is also a designer and manufacturer of high-speed, form fill/seal (FFS) packaging machinery and related equipment primarily for food companies. Subsequent to the initial investment in October 2000, it acquired a small contract packager serving the OTC pharmaceutical industry, requiring and additional investment.

• September 2000
• Subordinated Debt
• Independent Sponsor Add-On Acquisition

Investment Status: Inactive

Specialized Packaging Group is a certified minority-owned converter of box-board into packaging for consumer products companies such as Proctor & Gamble, Unilever and Colgate-Palmolive. The Company operates two state-of-the-art plants that are capable of producing a wide variety of packaging and graphics. It has developed a reputation for its ability to produce technically challenging packaging solutions for its customers.

• September 2000
• Subordinated Debt
• Recapitalization

Investment Status: Inactive

Founded in 1981, Omni Remanufacturing is engaged in the remanufacture, configuration, installation, relocation and storage of office furniture, an overwhelming majority of which is Steelcase product. The Company operates its business in two autonomous, but highly synergistic, divisions, one of which is an exclusive provider of remanufactured Steelcase furniture to all Steelcase dealers in an eight state Midwestern region. Its other division specializes in the configuration, delivery, installation, relocation, warehousing and service of office furniture workstations and, for over 14 years, assumed the role of providing 100% of the service operations for one of Steelcase’s largest and most successful dealerships.

• August 2000
• Subordinated Debt
• Growth Capital

Investment Status: Inactive

Founded in 1991, Century Foods International is a formulator, blender and marketer of dairy ingredients to the food and nutritional products industries. The Company operates out of five plants located in the Midwest. Its core business is the formulation and blending of extracted dry milk ingredients with flavors, colors, etc. for sale to food and sport nutrition companies as both raw materials in their production or finished goods packaged for shipment directly to retailers.

• June 2000
• Subordinated Debt and Preferred Equity
• Growth Capital

Investment Status: Inactive

Riva Sports is a designer and marketer of affordable winter recreation and sporting goods products, primarily snowboards and sleds. All manufacturing is outsourced and customers are mostly large mass merchandisers.

• June 2000
• Subordinated Debt
• Independent Sponsor Recapitalization

Investment Status: Inactive

Founded in 1988, Communications Integrators designs and manufactures quick-connect power components for the office furniture industry. The Company’s products are generally used in modular furniture system applications and provide a broad range of benefits to customers versus traditional power systems, including lower cost, faster installation, easier reconfiguration and improved safety for installers. Its products are sold exclusively through office furniture dealers.

• May 2000
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

Founded in 1977, Alsay Holdings specializes in drilling and servicing water wells for both the public and private sectors. Water well servicing and drilling is a very regional business, and all of the Company’s work is within a 100-mile radius of a major Southwestern metropolitan area. It is the largest water well drilling and servicing company in its market, with more drilling rigs than any competitor and an extensive knowledge of local geology and regulatory requirements.

• March 2000
• Subordinated Debt and Common Equity
• Leveraged Buyout

Investment Status: Inactive

Founded in 1979, Delafoil Holdings is a deep-draw stamper, manufacturer and assembler of parts used mostly in consumer electronics. The Company provides critical parts to most of the major television manufacturers with North American production facilities.

• February 2000
• Subordinated Debt and Preferred Equity
• Independent Sponsor Buyout

Investment Status: Inactive

Founded in 1981, Plast-O-Foam is a producer of large-scale, injection molded service parts (i.e., post production parts) for the automotive industry. The majority of its business is Tier 1 to General Motors Corporation and Ford Motor Company. The Company’s core competencies are rapid tool changeover to enable short production runs and an ability to use a wide variety of resins. Approximately 60% of all parts also have some post-molding, valued-added services performed prior to customer delivery, such as painting, plating and/or assembly.

• November 1999
• Subordinated Debt
• Independent Sponsor Recap and Growth Capital

Investment Status: Inactive

Cass Polymers is a specialty chemical manufacturing company that produces several lines of commercial, industrial and military floor coatings as well as a line of resins, adhesives and fillers for the automotive, yachting and industrial tooling markets.

• November 1999
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

FNF Construction is an infrastructure construction Company, specializing mostly in asphalt paving but also providing structural concrete fabrication, highway/airport runway painting and drainage/storm-water system construction. The Company has expanded its capabilities and market share to the point that it has become one of the leading infrastructure construction firms in the Southwest. It generally serves as the prime contractor for public sector customers such as federal, state and local governmental authorities in the states of Arizona, Colorado, Nevada, Utah, New Mexico and California.

• October 1999
• Subordinated Debt and Common Equity
• Leveraged Buyout

Investment Status: Inactive

Foodhandler is a wholesaler of mostly branded, disposable barrier-protection products, such as disposable gloves, plastic aprons, industrial gloves and hair caps, used in the food service and health care industries. Founded in 1969, the Company has evolved from a limited product line distributor to a branded product and food safety service Company. Customers are primarily distribution companies focusing on the food and healthcare sectors.

• August 1999
• Subordinated Debt
• Growth Capital

Investment Status: Inactive

Nelson Metal Products is a full-service supplier of medium and large aluminum die castings, and is a Tier-1 supplier to both Ford and GM. Produced parts are generally large and/or complex castings such as transmission cases, oil pans, engine bedplates and accessory items. To better serve its customers, the Company has two production centers located in the Midwest and Southeast United States.

• June 1999
• Subordinated Debt, Preferred Equity and Common Equity
• Independent Sponsor Add-On

Investment Status: Inactive

Founded in 1998, Antiqueland USA is among the first multi-site operators of large footprint (i.e., 25,000 – 100,000 sq. ft.) “antique malls”, which are collections of small, independent retailers of niche products. At the time of the investment, the Company operated 7 antique malls, including five in the Southwest and Midwest.

• December 1998
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

Brown Plastics Machinery was initially was a consortium of five unrelated companies, all involved in the manufacture and rebuilding of plastics industry machinery and tools. After the acquisition, the new owners set about restructuring the Company by selling three of the entities and focusing their efforts on the remaining two, a manufacturer of rotary thermoforming equipment and a contract rebuilder/refurbisher of machine tools.

• August 1998
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

Specialized Packaging Group is a certified minority-owned converter of box-board into packaging for consumer products companies such as Proctor & Gamble, Unilever and Colgate-Palmolive. The Company operates two state-of-the-art plants that are capable of producing a wide variety of packaging and graphics. It has developed a reputation for its ability to produce technically challenging packaging solutions for its customers.

• August 1997
• Subordinated Debt
• Independent Sponsor Buyout and Growth Capital

Investment Status: Inactive

Hahn Elastomer Corporation manufactures and distributes functional elastomeric extrusions/co-extrusions, die-cut parts and molded rubber products to the heavy appliance and automotive industries. The Company’s primary competitive strength is its ability to reliably manufacture complex extrusions/co-extrusions (a seamless fusion of two elastomers into a single functional component) to demanding tolerances.

• July 1997
• Subordinated Debt
• Growth Capital

Investment Status: Inactive

Founded in 1974, Concrete Cutting & Breaking provides concrete cutting, sawing, boring and controlled breaking services to contractors in all segments of the construction industry. Based in the Midwest and with branches located throughout the Eastern United States, the Company is a leader in the controlled removal of all types of concrete structures, including bridges, roads and buildings.

• July 1997
• Subordinated Debt
• Independent Sponsor Buyout

Investment Status: Inactive

Founded in 1891, Palestra is the dominant fresh seafood distributor for a major Midwestern city and its surrounding communities. The Company further cemented its market position when it acquired its principal competitor in 1995.

• May 1997
• Subordinated Debt
• Growth Capital

Investment Status: Inactive

Prelude Systems is a developer, marketer and installer of computer hardware and software solutions for multi-site distribution companies. Founded in 1979, the Company has an installed base of over two hundred systems nationwide. its products are best suited for mid-sized distributors with annual revenue under $250 million, requiring computer systems to support between 20 and 1,000 users.