Investments:  Market Characteristics

• Sector Orientation:
  (1) Government
  (2) Healthcare Technologies
  (3) Power, Alternative Energy and Environmental Remediation
  
  
• Lower middle-market, US-based companies
  
  
• Annual revenues and net cash flow up to $100 million and $9 million, respectively
  
  
• Historical and sustainable high margins and cash flow, with predictable cyclicality
  
  
• Private and public companies