1 New Mexico State Investment Council January 20, 2005 Greg J. Kulka, CFA, Director – Alternative Investments New Mexico State Investment Council Phone: (505) / Brian P. Birk, Regional Director – Private Equity Fort Washington Capital Partners, LLC Phone: (505) / Investing in New Mexico VC Coronado Ventures Forum Santa Fe, NM

2 SIC Private Equity Program

3 Private Equity Program Results

4 New Mexico Company Investments

5 New Mexico Economic Impact

6 Film Investment Program

7 Fort Washington Fulfills Two Official Roles In New Mexico Advisor to In-State Program –Identify, assess and recommend investments into VC Funds that qualify for the program –Monitor funds for compliance and performance GP for New Mexico Co- Investment Partners –Manage $46 million Fund that co-invests in NM companies –State Investment Committee is the Limited Partner Unofficial Role: Matchmaker and Facilitator

8 NM Private Equity Fund Approval Process

9 NM Direct Co-investment Approval Process

10 For More Information: fortwashington.com\nmsic Brian Birk – SFE office – ABQ office