Dec-07 closing (target fund size)

USD 100 million

Oct-07 closing

USD 50 million

Aug-05 closing:

USD 3 million

Minimum commitment:

USD 500,000

Final closing date:

31-December-2007

Financial return target:

20% (in USD, after fees and expenses)

Investment advisory fee:

2.1 – 2.5%

Preferred return:

6%

Incentive fee:

20%

Commitment period:

5 years

Fund term:

10 years