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

13. * net of management fees and carried interest All calculations are done at the fund level* by Thomson Reuters based on cash flows and NAVs reported by participating LPs and GPs Cash flow database contains 1800+ US private equity funds (480+ buyout funds) Pooled IRR: IRR of a group of funds where their cash flows have been aggregated together before IRR calculation Investment Horizon Return: IRR calculated with Net Asset Value as capital outflow at beginning of period, Net Asset Value at end of period, and actual cash flow in between Definitions: Performance Methodology

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

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