1. 1 New Mexico State Investment Council January 20, 2005 Greg J. Kulka, CFA, Director – Alternative Investments New Mexico State Investment Council Phone: (505) 424-2550 / E-mail: greg.kulka@state.nm.usgreg.kulka@state.nm.us Brian P. Birk, Regional Director – Private Equity Fort Washington Capital Partners, LLC Phone: (505) 843-4228 / E-mail: brian.birk@fortwashington.combrian.birk@fortwashington.com Investing in New Mexico VC Forum @ Coronado Ventures Forum Santa Fe, NM

2. 2 SIC Private Equity Program

3. 3 Private Equity Program Results

4. 4 New Mexico Company Investments

5. 5 New Mexico Economic Impact

6. 6 Film Investment Program

7. 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. 8 NM Private Equity Fund Approval Process

9. 9 NM Direct Co-investment Approval Process

10. 10 For More Information: fortwashington.com\nmsic Brian Birk 1.505.988.9547 – SFE office 1.505.843.4295 – ABQ office