Siguler Guff & Company is a multi-strategy private equity investment firm, which has, since inception, managed investments and commitments for its clients of approximately $3 billion. Founded in 1991 within Paine Webber, Siguler Guff became an independent firm in 1995. Its clients include corporate and public employee benefit plans, endowments, foundations, government agencies, financial institutions, family groups and high net worth individuals. The firm provides discretionary private equity advisory services through Siguler Guff Advisers, a federally registered investment advisor. As of June 30, 2006, Siguler Guff Advisers has made commitments of over $1.2 billion to more than 110 private equity partnerships on behalf of its clients.

Siguler Guff also manages or co-manages several direct investment private equity funds, each targeted at carefully defined areas of market inefficiency. This extensive direct investment experience provides Siguler Guff an advantage in selecting funds managed by other groups, and may make Siguler Guff a more desirable investor from the viewpoint of fund managers.

The attributes our clients value most include: our long-term experience in the private equity marketplace; our risk averse, value-oriented philosophy; our ability to access the leading investment management teams; our direct investment expertise; our willingness to assume the responsibilities as a fiduciary; our history of aggressive intervention on behalf of limited partners' interests; and our relatively small number of accounts under management - which fosters a close personal relationship between our clients and our key investment professionals.