Current Portfolio by Date of Investment

American Institutes Holdings, LLC
For-profit post-secondary school company that provides career oriented education in the fields of healthcare, business, technology, massage therapy and cosmetology.
Lauderdale Lakes, FL
Privately held

Laboratory Partners, Inc.
Provider of clinical diagnostic testing services for hospitals, healthcare facilities and physicians in the Midwest.
Cincinnati, OH
Privately held

Healthcare Management Systems, Inc.
Provider of integrated hospital information systems for community and specialty hospitals.
www.hmstn.com
Nashville, TN
Privately held

SPARTA Insurance Holdings, Inc.
Provider of property and casualty insurance for the specialty and alternative risk program marketplace.
www.spartainsurance.com
Hartford, CT
Privately held
Community Education Centers, Inc.
Provider of treatment, education and re-entry services for the adult correctional population.
www.cecintl.com
West Caldwell, NJ
Privately held
Pegasus Tower Development Company, LLC
Developer of wireless telecommunications towers.
www.pegasustower.com
Richlands, VA
Privately held
Passport Health Communications
Provider of revenue cycle management services to hospitals and other healthcare providers.
www.passporthealth.com
Franklin, TN
Privately held
Focus Receivables Management
Provider of outsourced accounts receivable management and collection services.
www.focusrm.com
Marietta, GA
Privately held

Cleveland Unlimited, LLC (d.b.a. Revol)
Wireless communication provider offering customers unlimited calling under a fixed-rate plan in Ohio and Indiana.
www.revol.us
Cleveland, OH
Privately held
Installed Building Products
Provider of insulation and other building products in New England and the Midwestern regions of the United States.
www.ibpteam.com
Columbus, OH
Privately held
ATI Enterprises, Inc.
Post-secondary for-profit schools focused on training students for technical careers.
www.aticareertraining.edu
Arlington, TX
Privately held
Encore Legal Solutions, Inc.
Provider of outsourced services to law firms and the legal departments of Fortune 1000 companies.
www.encorelegal.com
The Woodlands, TX
Privately held
AxioMed Spine Corporation
Creator of spinal implants for degenerative disc disease patients.
www.axiomed.com
Cleveland, OH
Privately held
Three Eagles Communications Co.
Formed to acquire small to medium size radio operations in the Midwest.
www.threeeagles.com
Lincoln, NE
Privately held
CardioOptics, Inc.
Developer of Trans-Blood Vision products to provide catheter-based direct visualization through blood using infrared light.
www.cardiooptics.com
Boulder, CO
Privately held
MetroPCS, Inc.
Wireless communication provider offering customers unlimited calling under a fixed-rate prepaid plan in select U.S. markets.
www.metropcs.com
Dallas, TX
Public: (NYSE: PCS)
InSite One, Inc.
Service provider of digital image storage and archiving solutions for the medical community.
www.insiteone.com
Wallingford, CT
Privately held
MedHost, Inc.
Provider of touch-screen process management software to hospitals.
www.medhost.com
Dallas, TX
Privately held
Peopleclick, Inc.
Provider of hiring process management systems and services for human resource organizations and agencies.
www.peopleclick.com
Raleigh, NC
Privately held
Athersys, Inc.
Biotech company engaged in research and development of products for the treatment of human diseases.
www.athersys.com
Cleveland, OH
Public: (OTC BB: BVIC)
Marlin Business Services Corp.
Nationwide provider of equipment leasing solutions to small businesses.
www.marlincorp.com
Mount Laurel, NJ
Public: (Nasdaq: MRLN)