
Since 1982, Sierra has helped hundreds of entrepreneurs around the world begin—and grow—successful technology companies. Sierra Ventures capital firm invests in early-stage technology companies, focusing on such sectors as telecommunications, software, semiconductors, security, storage, and Internet-related and mobile applications in North America, Europe, China, and India. Its initial investments typically range between $2 million and $25 million. Financial institutions, university endowments, pension funds, and high net-worth individual investors make up most of Sierra Ventures' investment partners.

Pegasus Capital Advisors, L.P. was founded in 1995. Pegasus Capital Advisors, L.P. is a private equity firm specializing in special situation investments in middle-market companies in the form of buyouts, debt restructurings, asset consolidations, and growth capital. The firm invests in a variety of industries. It typically invests in companies based in United States and Israel. The firm prefers to invest between $20 million and $75 million in its portfolio companies, but it considers smaller and larger investments. It invests in companies experiencing financial stress, legal problems or operational challenges; businesses or assets whose value has been impacted by discrete events (e.g., a shareholder dispute, product recall, or cyclical downturn); and businesses or assets involved in bankruptcy proceedings. In Israel, the firm seeks to invest in water, renewable energy, and homeland security technology companies.

Unified Financial Services, Inc., a holding company, provides financial products and services in the United States. It offers back-office and shareholder services for the assets of third-party mutual fund families, as well as its affiliated series funds, including mutual fund distribution services. In addition, the fund manages and administers 401(k) and other ERISA-directed assets, and wealth for individuals through portfolio management and a suite of family-office services. As of December 31, 2003, it provided mutual fund services, transfer agency, fund accounting, administration, and distribution services to 31 mutual fund families consisting of 176 portfolios. As of the above date, the fund provided trust and retirement services to approximately 1,800 clients. Unified Financial was organized in 1989 as Unified Holdings, Inc. and changed its name to Unified Financial Services, Inc. in 1997. The fund is headquartered in Lexington, Kentucky.

Maveron LLC was founded in January 1998 and is based in Seattle, Washington. Maveron, LLC is a venture capital firm specializing in early to mid stage venture financing. The firm seeks to make investments in consumer-focused businesses that have a highly differentiated brand. It invests in traditional consumer product and service businesses; companies that utilize technology to deliver products and services directly to the consumer; and companies that provide technology and services to consumer facing companies. The firm usually makes an initial investment between $3million to $10 million. It prefers to be the lead investor and takes a board seat on its portfolio companies.

Diamond Hill Investment Group, Inc., through its subsidiaries, sponsors, markets, and provides investment advisory and related services in the United States. Diamond Hill Investment Group, Inc. also provides underwriting, compliance, treasury, and fund administration services to mutual fund companies. Diamond Hill Investment Group, Inc. provides its services to various clients, including mutual funds, separate accounts, and private investment funds, as well as offers advisory services to institutional and individual investors. Diamond Hill Investment Group, Inc. distributes its products through financial intermediaries, including independent registered investment advisors, brokers, financial planners, investment consultants, and third party marketing firms. Diamond Hill Investment Group, Inc. was founded in 1990 and is based in Columbus, Ohio.

Towry was founded in 1958. Its principal shareholders are its employees and Palomon Capital Partners. Towry is a financial services firm with more than 500 private and corporate wealth advisors in 10 locations throughout the UK. Towry, which manages some $4.5 billion ($7 billion), offers fee-based wealth advice and investment management services such as retirement planning, life insurance, tax services, property/casualty insurance, and employee benefits consultancy. Its 2009 acquisition of the UK business of Edward Jones added some 1,000 associates and boosted Towry's wealth advisory business.

Hotung Investment Holdings Ltd, a venture capital firm with operations in Taiwan, the US and China, was incorporated in March 1997 and has been listed on the Main Board of SGX-ST since August 1997. It is the first and only Taiwan venture capital firm listed on the Singapore Exchange. The Group's two business divisions are Venture Capital Investment and Fund Management Operation. In Venture Capital Investment Business, it works through its 3 subsidiaries, Hotung Venture Capital, Daitung Development and Investment and Huitung Investments (BVI) Ltd. In Fund Management Operations, through Hotung International Co Ltd. (“HIC”) one of Taiwan’s largest venture capital investment managers, currently manages and/or advises 8 funds globally and internationally. HIC, a value-added partner to our portfolio of companies, provides management and advisory services in respect of hundreds of investee companies.The Group’s investment portfolio is focused on key industry sectors that include semiconductor, LCD and communications etc. Over 65% of the Group’s portfolio investments are in the greater China region, while the rest is based in the US. Hotung Group was formerly known as Hotung Venture Capital Corp ("Hotung VC"). Hotung VC was founded by Tai Lung Capital Inc. (formally known as Tai Lung Corp.), Daiwa Corporate Investment Co., Ltd. (formally known as Daiwa SMBC Capital Co.,Ltd.) and Mega International Commercial Bank (formally known as Chiao Tung Commercial Bank Co Ltd) in June 1987. In 1997, as part of the restructuring exercise conducted for purposes of the Company's public offering, the venture capital fund management contracts were transferred from Hotung VC to Hotung International Co.,Ltd. and Hotung VC became purely a venture capital fund. Hotung Investment Holdings Ltd was incorporated in Bermuda on 5 March 1997.

KPS Capital Partners, LP was founded in 1997 and is based in New York, New York. KPS Capital Partners, LP is a private equity firm specializing in investments in, turnarounds, financial restructurings, businesses in bankruptcies, follow on acquisitions, employee buyouts, failed acquisitions, corporate divestitures, carve-outs, and spin-offs of middle market companies. In case of turnarounds, the firm seeks to invest in of underperforming or distressed businesses. It targets business facing closure, liquidation, and with a history of operating losses. In case of business in bankruptcies, it seeks to invest in, fund reorganizations of, and create new companies to purchase operating assets of, companies facing bankruptcy or asset sale under Section 363. The firm targets businesses burdened with, insufficient liquidity; excessive debt; operating in default of obligations to creditors; or lacking capital for investment, modernization, or growth, in order to eliminate, reduce or restructure the company's liabilities. The firm also seeks to invest in operating businesses, including divisions, subsidiaries or individual plants of larger companies capable of operating as stand-alone companies.

Madison Dearborn Partners, LLC ("MDP"), based in Chicago, is one of the most experienced and successful private equity investment firms in the United States. MDP has raised over $18 billion of capital since its formation in 1992. Madison Dearborn Partners, LLC is a private equity and venture capital firm specializing in buyouts of private or publicly held companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth capital investments in mature companies. The firm prefers to invest in basic industries, communications, consumer, financial services, healthcare, and real estate sectors. Within the basic industries sectors, it focuses on energy and power, paper, packaging and forest products, chemicals, building products, metals and mining, diversified industrial, natural resources, automotive, food, refining, and general manufacturing industries. In the communications sector, the firm invests in media including broadcast television, radio station groups, and publishing companies; wireless communications sector including mobile telephone operators, paging service providers, high-capacity data and voice transmission service providers, and satellite service providers; and wireline telecommunications including local exchange carriers, rural telephone operators, and cable television system operators.

Sentinel Capital Partners, L.L.C. was founded in 1995 and is based in New York. Sentinel Capital Partners, L.L.C. is a private equity firm specializing in equity investments in mature and lower middle market private and public companies. The firm seeks to invest in, management buyouts; recapitalizations; corporate divestitures; growth financings; industry consolidations; turnarounds; restructurings; special situations; and going private transactions. It prefers to invest in companies operating in the, outsourcing; consumer products; business and marketing services; consumer services; consumer discretionary; healthcare; consumer staples; materials; food and restaurants; outsourced manufacturing; franchising; distribution; outsourced manufacturing; and manufacturing sectors. The firm seeks to invest in companies based in the United States and Canada. It invests up to $75 million in equity investments but prefers a range between $20 million and $50 million in companies with EBITDA between $5 million and $25 million and enterprise values ranging from $25 million to $250 million with minimum $6 million annual cash flows. It prefers to be a majority investor, but co-invests selectively, and takes a seat on the board of directors of its portfolio companies.
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