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| Current Portfolio Companies |
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| 2nd Story Software, Inc. |
| Cedar Rapids, IA |
| Year of investment: 2004 |
| www.taxact.com |
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| 2nd Story Software, Inc. is the nation’s pioneer in providing free online tax preparation software and electronic filing services. Its flagship product line, TaxACT®, is available via the internet to individual taxpayers and paid preparers as online tax preparation programs or as downloadable desktop software. 2nd Story has built a rapidly growing and profitable business by upgrading free customers to paying customers by selling Deluxe and State versions of the software, as well as e-filing services. |
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| 5.11, Inc. |
| Modesto, CA |
| Year of investment: 2007 |
| www.511tactical.com |
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| 5.11, Inc. is a rapidly growing manufacturer and distributor of apparel and accessories focused primarily in the public safety market. Built on a foundation of durability, quality and value, 5.11 Tactical leads the industry in delivering functionally innovative gear, head to toe. |
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| AboveNet Communications, Inc. |
| White Plains, NY |
| Year of investment: 2010 |
| www.abovenet.com |
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| AboveNet Communications provides high bandwidth connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and among top U.S. metro markets and globally. AboveNet's network is widely used in demanding markets such as financial services, media, healthcare, retail and government. |
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| Aicent, Inc. |
| San Jose, CA |
| Year of investment: 2011 |
| www.aicent.net |
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| Aicent is a leading provider of data network, messaging and roaming solutions to telecom network operators internationally. The company provides a platform for cross-border and cross-network data delivery solutions to mobile network operators serving more than three billion mobile users worldwide. |
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| Alma Lasers, Ltd. |
| , |
| Year of investment: 2006 |
| www.almalasers.com |
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| Alma Lasers, Ltd. is a global developer, manufacturer and seller of laser, light and radio frequency based devices for aesthetic applications. The company’s products are designed to provide efficient, safe and cost-effective systems for use by plastic surgeons, dermatologists, obstetricians, gynecologists and general physicians. The products are used for non-invasive aesthetic procedures such as hair removal, skin rejuvenation and cellulite reduction on an outpatient basis. |
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| Amann Girrbach AG |
| Koblach, Austria |
| Year of investment: 2010 |
| www.amanngirrbach.com |
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| Amann Girrbach is a leading dental laboratory consumables and equipment company. It develops, manufactures and sells precision systems and consumables for use by dental laboratories, including a state-of-the-art CAD/CAM system, and exports them globally to over 70 countries. |
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| Aurora Networks, Inc. |
| Santa Clara, CA |
| Year of investment: 2010 |
| www.aurora.com |
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Aurora Networks is the only pure-play optical transport solution provider focused solely on cable network operators. The company’s broad array of optical network products and technology includes optical transmitters, node platforms and Ethernet equipment that deliver enhanced services and greater bandwidth to subscribers while reducing the cable operator’s total cost of ownership. Aurora Networks’ systems simplify network design and maintenance, offer greater flexibility and scalability, and position operators to provide competitive, next-generation cable services.
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| AVG Technologies |
| Prague, Czech Republic |
| Year of investment: 2009 |
| www.avg.com |
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AVG Technologies is a leading provider of anti-virus and internet security software for consumers and small to medium-sized enterprises. AVG provides free to download products to over 110 million users worldwide and sells premium product subscriptions. |
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| Bigpoint GmbH |
| Hamburg, Germany |
| Year of investment: 2011 |
| www.bigpoint.com |
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| Bigpoint is a large and fast-growing provider of online, browser-based games which develops, distributes and markets games globally through individual game portals, a community platform and media partners. With more than 200 million registered users, the company has a varied portfolio of internationally successful and recognized games and brands, including Battlestar Galactica Online, Farmerama and DarkOrbit. |
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| Cath Kidston |
| London, United Kingdom |
| Year of investment: 2010 |
| www.cathkidston.co.uk/ |
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Cath Kidston is a distinctive British lifestyle brand best known for its vintage inspired prints and wide array of household and fashion products. Currently, the company has 43 shops and concessions in the UK, 2 shops in the Republic of Ireland, 16 in Japan and 5 in Korea. The company is an established multi-channel retailer with sales originating from retail, mail order/online and wholesale. |
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| Circle Graphics |
| Longmont, CO |
| Year of investment: 2005 |
| www.circlegraphicsonline.com |
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| Circle Graphics is a large-format digital printing company, specializing in billboard prints for the U.S. market. The Company focuses on the outdoor advertising market and provides both paper and vinyl billboard prints to the largest outdoor media companies in the nation. Circle Graphics, which is the lowest cost provider of digital prints in the U.S., employs digital ink-jet printing, which is adaptable to the demands for variable information, customization, quick-response and just-in-time delivery. |
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| CoSentry |
| Omaha, NE |
| Year of investment: 2011 |
| www.CoSentry.com |
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| CoSentry is the leading provider of outsourced IT infrastructure services in the Midwest. CoSentry is a one-source provider of data center, cloud computing and managed technical services. |
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| Cypress Pharmaceutical, Inc. |
| Madison, MS |
| Year of investment: 2003 |
| www.cypressrx.com |
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| Cypress Pharmaceutical is a rapidly growing specialty pharmaceutical company that develops, markets and distributes generic prescription, over-the-counter and specialty branded pharmaceutical products. Cypress provides generic and branded products to the leading national pharmaceutical wholesalers, chain drug stores, distributors and other retail merchandisers. Through its specialty branded business, Hawthorn Pharmaceuticals, the company also provides internally developed pharmaceutical products marketed directly to physician specialists. |
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| Dealer Tire, LLC |
| Cleveland, OH |
| Year of investment: 2009 |
| www.dealertire.com |
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Dealer Tire is a logistics and marketing services company that equips and assists automobile dealers in the sale of replacement tires and other automotive parts to end consumers. Dealer Tire manages 25 warehouses across the U.S. and Canada providing same day delivery of tires to thousands of automobile dealers. The company also trains and educates service personnel at the dealerships on how to market and sell replacement tires to consumers. |
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| DNCA Finance |
| Paris, France |
| Year of investment: 2011 |
| www.dncafinance.com |
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| DNCA Finance is a French asset management firm with €5.8 billion in funds under management. The company was founded in 2000 and offers clients a number of different fund products investing in France, the wider Eurozone and internationally. |
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| Dr Lal PathLabs |
| New Delhi, India |
| Year of investment: 2010 |
| www.lalpathlabs.com |
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| Dr Lal PathLabs is one of India’s leading diagnostics and pathology services companies. The company has a distinguished track record of providing medical diagnostic services in India for over 60 years. Its network of diagnostics facilities comprises two state of the art central laboratories, 55 satellite laboratories, 850 collection centres and over 2,500 pick-up points. Dr Lal PathLabs is accredited by the College of American Pathologists, the National Accreditation Board for Testing and Calibration of Laboratories and has achieved ISO 9001 2000 certification for its labs. |
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| Dymatize Enterprises, Inc. |
| Farmers Branch, TX |
| Year of investment: 2011 |
| www.dymatize.com |
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| Dymatize Enterprises is a manufacturer and marketer of branded and private label nutritional and sports supplements. Dymatize offers more than 250 branded and private label products in numerous categories, including protein, pre- and post-workout, gainers, creatine, functional foods and other specialty products. Known for a commitment to product quality and safety, Dymatize employs a vertically-integrated business model whereby it manufactures the majority of its products in company-owned facilities. The company sells largely to independent retailers via a network of domestic and international distributors and has a significant and growing presence in specialty retailers such as The Vitamin Shoppe, GNC and bodybuilding.com. |
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| eCircle GmbH |
| Munich, Germany |
| Year of investment: 2010 |
| www.ecircle.com |
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| eCircle is a leading provider of direct marketing technology in Europe. eCircle provides a SaaS email marketing platform, permission marketing databases and professional services for email marketing to some of the world’s biggest brands and online retailers. |
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| Epic Media Group |
| New York, NY |
| Year of investment: 2005 |
| www.theepicmediagroup.com |
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Epic Media Group is a leading privately-held global digital marketing solutions company, with expertise in providing a broad suite of advertising services, from brand-building and engagement to performance-based customer acquisition solutions. Epic Media Group intelligently and cost effectively accesses consumers across multiple traffic distribution channels in integrated campaigns, while offering its clients sophisticated campaign analytics and integrity assurance capabilities. The Company was founded in 2000. In 2010, Epic Advertising merged with Connexus to form Epic Media Group. |
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| e-Rewards, Inc. |
| Plano, Texas |
| Year of investment: 2008 |
| www.e-rewards.com |
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| e-Rewards is the leading global online sampling and online data collection company, recognized for delivering high-quality panelists, high response rates and industry-leading panel retention rates. With its December 2009 acquisition of and merger with Research Now, the company expanded its global presence, and now operates panels around the globe. Offering a full suite of data collection services including online sample, survey programming and hosting, and survey translations, the company serves thousands of clients with a multilingual staff located in offices around the globe. |
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| eSecLending |
| Boston, MA |
| Year of investment: 2006 |
| www.eseclending.com |
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| eSecLending is a global securities lending manager and a leading provider and administrator of customized, exclusive securities borrowing programs. The company’s client base includes some of the world’s largest and most sophisticated beneficial owners, including pension funds, mutual funds, investment managers and insurance companies in the US, UK and Europe. |
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| Evanston Capital Management, LLC |
| Evanston, IL |
| Year of investment: 2011 |
| www.evanstoncap.com |
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Evanston Capital Management is a fund of hedge funds with approximately $4.5 billion of assets under management. Founded in 2002, the firm manages the Weatherlow family of co-mingled funds, which use concentrated portfolios of best-in-class hedge funds to target attractive risk-adjusted returns through the cycle (equity-like returns with bond-like volatility). Evanston has a base of approximately 450 investors and focuses on small and mid-sized foundations and endowments seeking diversified exposure to the hedge fund asset class. |
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| First Eagle Investment Management, LLC |
| New York, NY |
| Year of investment: 2007 |
| www.firsteaglefunds.com |
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| First Eagle Investment Management is a leading investment advisory firm with approximately $60 billion in assets under management. First Eagle provides investment management services to the First Eagle family of mutual funds and for institutional and high net worth clients through separately managed accounts and hedge funds. The firm’s investment strategies include international value, global value, event-driven value and merger arbitrage. Arnhold and S. Bleichroeder Holdings is the parent company of First Eagle Investment Management. |
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| Fotolia Holdings, Inc. |
| Paris, France |
| Year of investment: 2009 |
| www.fotolia.com |
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| Fotolia is one of the Europe's leading providers of micro-priced stock images on the Web. The company provides professional and amateur photographers with the ability to connect with more than 600,000 media buyers worldwide – from small businesses and design firms to some of the world’s most recognizable brands. Fotolia's image marketplace has acquiredover 14 million images in its database and has over 2 million international members. |
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| FreeWave Technologies, Inc. |
| Boulder, CO |
| Year of investment: 2007 |
| www.freewave.com |
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| FreeWave designs and manufactures board-level and enclosed format data radios for the commercial, industrial, and military markets. The company offers a wide range of products designed for unparalleled performance and durability in even the harshest conditions, providing complete solutions for diverse needs in industries such as oil and gas, utilities, military, security, recreation and agriculture. FreeWave is the only long-term radio provider with 100 percent backward compatibility in core 900 MHz radios with fully integrated, best-in-class engineered products. |
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| Full Sail |
| Winter Park, FL |
| Year of investment: 2011 |
| www.fullsail.edu |
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| Full Sail is a private, for-profit provider of postsecondary education focused on the entertainment, media and design industries. The company was founded in 1979 and offers certificate, associates, bachelors and masters degrees. |
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| GlobeOp Financial Services |
| New York, NY and London, United Kindom |
| Year of investment: 2003 |
| www.globeop.com |
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| GlobeOp Financial Services specializes in turnkey, state-of-the-art, automated middle- and back-office support services and fund administration for hedge funds, fund managers and high net worth family wealth managers. The company provides independent services essential to the successful operation of private investment entities with activities ranging across a wide spectrum of traded instruments. GlobeOp completed its IPO in July 2007. |
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| IntraLinks, Inc. |
| New York, NY |
| Year of investment: 2007 |
| www.intralinks.com |
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IntraLinks is a leading global provider of Software-as-a-Service (SaaS) solutions for securely managing content, exchanging information and collaborating within and among organizations. Since 1997, more than 1,000,000 participants representing over 800 of the Fortune 1000 organizations worldwide have used IntraLinks’ solutions to control, track, search and exchange time sensitive information inside and outside of the firewall, all within a secure and easy-to-use environment. IntraLinks completed its IPO in August 2010, and in December 2010 and April 2011, completed successful Follow-on Offerings. |
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| ION Investment Group |
| Dublin, Ireland |
| Year of investment: 2011 |
| www.iontrading.com |
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| ION Investment Group is a holding company formed to consolidate financial technology companies. ION Investment Group currently owns ION Trading, a leading provider of multi-asset class high performance flow trading solutions, primarily to the sell-side. Since 2004, ION Trading has successfully acquired and integrated eight companies. In June 2011, ION Investment Group acquired Wall Street Systems, the leading supplier of FX Trading and Treasury solutions to bank and corporate customers. |
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| Jupiter Fund Management plc |
| London, United Kingdom |
| Year of investment: 2007 |
| www.jupiteronline.co.uk/ |
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| Jupiter Fund Management plc is one of the UK's leading fund management groups, managing approximately £24 billion of investments for both individual and institutional investors in unit trusts, institutional mandates, investment trusts, hedge funds, offshore funds, pensions and private client portfolios. Jupiter completed its IPO in June 2010. |
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| K2 Advisors |
| Stamford, CT |
| Year of investment: 2007 |
| www.k2advisors.com |
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K2 Advisors is a fund of hedge funds investment manager. As of September 2011, K2 had approximately $10 billion under management serving institutional investors globally. The firm manages low volatility investment strategies designed to produce absolute returns with a low correlation to traditional equity and fixed income markets. K2 has differentiated itself with its thorough risk management process and security-level transparency. |
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| Keeley Asset Management Corp. |
| Chicago, Illinois |
| Year of investment: 2008 |
| www.keeleyasset.com |
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| Keeley Asset Management Corp. (KAMCO) is a privately owned Chicago-based money management firm, founded in 1982. KAMCO manages equity for corporations, pension plans, foundations, endowments and individuals, using a bottom-up value-based investment approach that focuses on small to mid-cap companies undergoing internal corporate restructuring. |
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| Kinetic Social |
| New York, NY |
| Year of investment: 2012 |
| www.kinetic-social.com |
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| Kinetic Social is an emerging social media marketing solutions provider, working across all social media platforms and connecting the social graph to the open and mobile web. Leveraging a sophisticated social ad technology stack dedicated to delivering maximum media value via social audiences, Kinetic Social operates across all facets of the social graph including Social Display, Fan/Like campaigns, Social Mobile, Social Video, and Facebook® Credits campaigns. |
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| M and M Direct |
| Leominster, United Kingdom |
| Year of investment: 2007 |
| www.mandmdirect.com |
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| M and M Direct is the leading online and mail order retailer of discounted lifestyle, fashion and sports apparel and footwear in the UK. The company has longstanding relationships with major clothing brands providing it access to high quality end-of-line clearance apparel. M and M offers nearly 200 brands on its website, which receives over 21 million visitors per year and through its catalogues which reach over 1.6 million consumers. |
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| MedSolutions |
| Franklin, TN |
| Year of investment: 2010 |
| www.medsolutions.com |
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| MedSolutions is a leading provider of medical cost management services for commercial and Medicaid payors. Under a unifying theme of delivering measurable cost savings that are a consequence of improving healthcare quality, the company, founded in 1997, has expanded its utilization management platform from its original focus on high tech radiology to a broadening array of medical services, including cardiology, oncology, ultrasound and sleep study management. |
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| MetroPCS Communications, Inc. |
| Dallas, TX |
| Year of investment: 2005 |
| www.metropcs.com |
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| MetroPCS Communications provides wireless communications services in several metropolitan areas of the US, including SanFrancisco, Miami and Atlanta. MetroPCS offers simple, flat-rate calling plans that provide unlimited usage within a local calling area with no long-term contracts. The company focuses on densely populated markets, which provide significant operational efficiencies, and is one of the lowest cost providers of wireless telephone services in the U.S. MetroPCS completed its IPO in April 2007. |
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| Micromax Informatics Limited |
| New Delhi, India |
| Year of investment: 2009 |
| www.micromaxinfo.com |
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| Micromax is a rapidly growing provider of wireless handsets and solutions across the Indian sub-continent. The company designs, produces and distributes its locally branded handsets through over 45,000 retail points in 120 cities. Micromax is a pioneer in creating life-enhancing mobile phone solutions and wireless technologies that cater to the increasingly sophisticated needs of mobile users. Driven by aspirations and passion for the telecom world, the company is geared to continue bringing groundbreaking mobile solutions incorporating the latest in cutting-edge technology. |
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| MicroSeismic, Inc. |
| Houston, TX |
| Year of investment: 2011 |
| www.microseismic.com |
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| MicroSeismic is a leading provider of microseismic data acquisition, analysis and interpretation to the global oil and gas industry. The company's technology and services enable exploration and production operators to better manage their reservoirs, increase their production rates and decrease their completion costs and risks. With its patented Passive Seismic Emission Tomography technology, the company enables better understanding of reservoir activity during the fracturing operations. Its microseismic monitoring technology reduces finding and development costs, increases the recovery of oil and natural gas resources and aids in the avoidance of geohazards. |
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| Millennium Laboratories |
| San Diego, CA |
| Year of investment: 2010 |
| www.becausepainmatters.com |
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| Millennium Laboratories is a specialty diagnostics laboratory which has expanded the concept of therapeutic drug monitoring to the chronic pain market. Millennium’s clinical laboratory testing, technology, customer support, physician advocacy and educational resources are specifically focused on clinicians who treat pain. |
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| Numara Software, Inc. |
| Tampa, FL |
| Year of investment: 2005 |
| www.numarasoftware.com |
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| Numara Software, Inc. the former Blue Ocean Software business unit of Intuit Inc. (Nasdaq: INTU), is the leading provider of IT help desk and asset management software solutions to small and medium-sized businesses. The company’s core product, Track-It!, enables IT professionals to collect, assign and resolve help desk requests and audit their internal hardware and software assets. The company was founded in 1991 and has helped IT professionals at more than 48,000 customer sites track over 14 million assets. |
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| Numeric Investors LLC |
| Boston, MA |
| Year of investment: 2004 |
| www.numeric.com |
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Numeric Investors is an active quantitative manager of U.S., Japanese, European and World equity portfolios offering investment strategies under a variety of investment styles and objectives. The firm manages traditional long-only as well as market-neutral long/short partnerships. Numeric's investment strategies rely on proprietary computer models to analyze fundamental information about stocks and exploit market inefficiencies. |
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| Professional Warranty Service Corporation |
| Chantilly, VA |
| Year of investment: 2006 |
| www.pwsc.com |
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| Professional Warranty Service Corporation (PWC) is a leading provider of new home warranty products and administration services to residential construction firms. The warranty coverage provides for impartial third-party arbitration, with multiple layers of protection for all parties and transferability among homeowners. All insurance risk in PWC products is borne by Zurich Financial. PWC focuses on the largest tier of domestic residential construction firms, and its clients include more than 75 of the 200 largest U.S. homebuilders. |
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| Quotient Bioresearch Holdings Limited |
| Cambridgeshire, United Kingdom |
| Year of investment: 2008 |
| www.quotientbioresearch.com |
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| Quotient Bioresearch Holdings Limited is a leading provider of analytical and safety evaluation services and products for bioscience and sport. Quotient’s core businesses focus on the areas of early-stage drug development services for the pharmaceutical and biotechnology sectors, drug surveillance services for sport, and the manufacture and sale of critical reagents used for blood typing. |
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| Radialpoint |
| Montreal, Canada |
| Year of investment: 2008 |
| www.radialpoint.com |
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| Radialpoint is a provider of managed Internet security and digital home care services to the world’s largest Broadband Service Providers (BSPs). Its value added service (VAS) solutions and managed delivery platform enable BSPs to generate new revenue and significantly lower operational costs associated with supporting and bringing new Internet services to market. |
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| RGM Advisors, LLC |
| Austin, TX |
| Year of investment: 2008 |
| www.rgmadvisors.com |
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| RGM Advisors is an automated trading firm that applies scientific methods and computing power to trade in multiple asset classes around the world using high-frequency automated strategies. |
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| Senior Whole Health |
| Cambridge, MA |
| Year of investment: 2011 |
| www.seniorwholehealth.com |
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| Senior Whole Health is a leading health plan provider. The company is an affordable and innovative health care plan for "dual eligibles” - individuals who qualify for both Medicare and Medicaid. Senior Whole Health is both an approved Medicare Special Needs Plan and a Medicare Part D Plan. |
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| Stadion Money Management |
| Watkinsville, GA |
| Year of investment: 2011 |
| www.stadionmoney.com |
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| Stadion Money Management manages $6.7 billion for retail clients through 401(k) plans, mutual funds and separately managed accounts. Stadion’s investment strategy is focused on asset allocation among a range of index-based ETFs with a goal of principal protection and growth over the long term with low levels of volatility. |
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| Tega Industries Ltd. |
| Kolkata, India |
| Year of investment: 2011 |
| www.tegaindustries.com |
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| Tega Industries Ltd. is a global leader in the design and production of consumables for the mining industry. Founded in 1976, the company offers a range of products and services used in mining, mineral processing, screening, grinding and material handling. Tega’s primary offering is customized wear-resistant mill liners that are used for grinding and sizing of mineral ores. |
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| TEOCO Corporation |
| Fairfax, VA |
| Year of investment: 2009 |
| www.teoco.com |
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| TEOCO Corporation is the market leader in providing cost, routing and revenue management solutions to leading communications service providers worldwide. Over 50 of the industry’s leading providers trust TEOCO to deliver unparallel visibility and control over their operations. |
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| The Los Angeles Film School |
| Hollywood, CA |
| Year of investment: 2011 |
| www.lafilm.edu |
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| The Los Angeles Film School is a private, for-profit provider of postsecondary education offering an immersion film making program. The company, which opened in 1999, offers feature film, game development and recording arts programs. Classes are geared towards students interested in professional audio production and music recording. |
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| The Rocky Mountain School of Design |
| Denver, CO |
| Year of investment: 2011 |
| www.rmcad.edu |
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The Rocky Mountain School of Design is a private, for-profit provider of postsecondary education focused on an art training program based on the traditional, academic method of drawing and painting. The company is one of three for-profit visual arts schools in the U.S. offering various bachelor of fine arts programs on-campus including animation 2D/3D, art education, fine arts, game art, graphic design + interactive media, illustration and interior design. |
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| Twin Med, LLC |
| Santa Fe Springs, CA |
| Year of investment: 2007 |
| www.tmedonline.com |
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| Twin Med is a leading medical supplies distributor serving long-term care facilities throughout the United States. Twin Med utilizes a unique Per Patient Day (PPD) cost management program that generates significant savings and is revolutionizing how long-term care facilities purchase products. With warehouses strategically located around the country, Twin Med can provide products to any customer in the United States with a one day lead time. |
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| Vatterott Educational Centers, Inc. |
| St. Louis, MO |
| Year of investment: 2009 |
| www.vatterott-college.edu/ |
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| Vatterott is one of the largest privately held for-profit providers of career-oriented post-secondary education in the United States. Vatterott offers a diversified range of diploma programs, associate degrees and bachelor degrees in skilled trades, allied health, culinary arts, cosmetology, business, court reporting and computer technology. The company currently operates 22 campuses across nine states under three brands; Vatterott, L’Ecole Culinaire and Court Reporting Institute. |
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| WIND TELECOM S.p.A. |
| Rome, Italy |
| Year of investment: 2008 |
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WIND TELECOM S.p.A. is a leading international telecommunications company offering mobile, fixed, Internet and international communication services. WIND TELECOM S.p.A. owns 100% of Wind Telecommunicazioni S.p.A. and 51.7% of Orascom Telecom Holding SAE, which in turn operates GSM networks in Algeria, Bangladesh, Egypt, Pakistan and North Korea, and in Canada through its indirect equity ownership in Globalive Wireless. In April 2011, WIND TELECOM merged with VimpelCom Ltd. (NYSE: VIP), creating the world’s sixth largest mobile telecommunications provider by number of subscribers with operations in 20 countries. The combined entity had 193 million mobile subscribers as of June 30, 2011. |
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