Fund 1 :
Clairvest Group Inc.

Fund 1 was comprised of investments owned 100% by Clairvest Group Inc.

Investment Period: 1994-2000
Number of Investments: 11
Number of Dispositions: 11
Capital Invested: $159 million
Realized Value: $462 million
Unrealized Value: $4 million
Estimated Multiple of Capital: 2.93x
Pooled IRR: 24%