Geographic Locations:

No geographic preference, however eastern United States preferred

Transaction Size:

Annual sales of $10 million to $100 million for operating companies Transaction values of $5 million to $50 million

Investment Characteristics:

Investment amount of $1 to $15 million Equity securities, mezzanine or bridge loans Secured debt purchases

Company/Property Types:

Industrial or consumer product manufacturers Value-added distribution or assembly Selected service businesses Multi-unit residential properties Commercial Real Estate properties

Investment Stage:

Underperforming companies requiring financial or operational restructuring in or outside of bankruptcy Stalled or non-performing real estate developments and properties

Control:

Direct involvement, but not control, in management required Majority ownership interest preferred, but not required