Presentation given by Matthew Toole of Thomson Reuters, during the Buyouts West conference in Los Angeles.

1. WEST COAST DATA ROUND UP Matthew Toole Buyouts West November 18, 2008

2. Worldwide M&A Activity down 37% - Private Equity-backed M&A declines 75% over 2007

3. US M&A Activity down nearly 40%; Private Equity-backed M&A declines 85% over 2007

4. West Coast Buyout Investments up 18% over 2007; Number of West Coast Buyout Investments Decline

5. Private Equity Slump is a Global Phenomenon -59% -81% -4% -51% -72%

6. Measured decline in mid-market buyouts; less reliant on global debt financing

7. Global Buyout Investments by Sector *Data through 9/30/2008

8. PE Activity was a Key Driver of the M&A Market and Investment Banking Fees Imputed Fee Estimates by Freeman & Co Fees paid by Financial Sponsors

9. Global Retraction in Credit Markets Slows Buyout Activity; HY Activity down 80% over 2007 *Data through 9/30/2008

10. Frozen Exit Markets for Venture and Buyouts US Initial Public Offerings US Mergers & Acquisitions

11. Global Private Equity Fundraising *Data through 9/30/2008

12. West Coast Buyout Fundraising Down 38% from 2007 levels; Number of Funds on Par with Year-Ago

14. US Performance Benchmarks *Data through 6/30/2008

15. US Private Equity Performance Index *Data through 6/30/2008