Berkley Acquisitions

BERKLEY ASSET MANAGEMENT LLC INVESTMENT COMMITTEE

Review Principal's detailed descriptions of recommended Fund investments
Approve or reject any potential investment by majority of the quorum
Members of your team include:

R. Alastair Short, 57
CHAIRMAN OF THE INVESTMENT COMMITTEE
- Tel 212.867.1234
- rashort@berkleyacq.com
Mr. Short has experience with professional asset management and investment organizations and direct, negotiated illiquid investments. He is the former President and co-Founder of Apex Capital Partners (a private equity firm), was Vice Chairman of W.P. Stewart & Co., is the former President and co-Founder of Matrix Global Investments, Inc., is an independent director, Vice Chairman of the Board and Chairman of the Board's audit committee for the Van Eck Funds, is an independent director and Chairman of the Audit Committee of Market Vector ETFs and is the sole independent director of certain Tremont Group Holdings offshore funds. He is also non-Executive Chairman of Value Line Asset Management and a director of Northvu Inc., a public company. Mr. Short has a B.A. degree from Queens University (Ontario), a J.D. from Osgoode Hall Law (Toronto) and a Masters in Law from the Université de Paris II.
Aaron Etra, 70
VICE CHAIRMAN OF THE INVESTMENT COMMITTEE
- Tel 212.867.1234
- aetra@berkleyacq.com
Mr. Etra is Chairman of the Board of The Molecutec Group, a life sciences organization and is Director of the International Council of ICMAN. Mr. Etra is the President and CEO of INDEVA Corporation, is a member of the Design and Zoning Committee of the Real Estate Board of New York and has served on the Board of Directors of TGFIN, a public company, and its predecessor company since 1995. Mr. Etra was founding chair of the African Affairs Committee of the Association of the Bar of the City of New York, taught law at Columbia and was a Senior Fellow in the Center for International Affairs at NYU. Mr. Etra has a B.A. degree from Yale, a J.D. from Columbia Law and a L.L.M. from NYU Law.
Kevin D. Swanson, 53
- Tel 212.867.1234
- kswanson@berkleyacq.com
Mr. Swanson is a Senior Managing Director at Focus Capital, where he leads the practice for the Telecom, Media, and Technologies sectors. He brings over 25 years of investment banking and private equity experience and has completed transactions in excess of $100 billion in mergers and acquisitions, restructuring, and debt and equity financing. Previously, Mr. Swanson was a Partner at DMB Capital Partners LLC, a partner at Thomas Weisel Partners, a Managing Director and Head of Telecom at Banc of America Securities LLC, a Director at Wasserstein Perella Group, Inc. and Solomon Brothers and a partner at the private equity firm of Gibbons, Green, Van Amerongen. Mr. Swanson started his investment banking career at Goldman, Sachs. Mr. Swanson is FINRA Series 79 and 63 registered and holds a B.A. degree from the University of Chicago, a M.Sc. from the London School of Economics and a M.B.A. from the University of Chicago.
Michael Z. Allen, 37
- Tel 212.867.1234
- mzallen@berkleyacq.com
Mr. Allen is a founding principal of Atlantic Urban LLC, a New York City real estate services firm that provides advisory, asset, construction, and property management to institutional clients. Mr. Allen was a Managing Director of Northbrook Partners LLC, where he oversaw the acquisition and management of a portfolio of over $1 billion of New York City assets. He was previously an analyst at BlackRock Realty where he underwrote over $800 million in various asset types across the country and supervised the due diligence and closing of over $100 million of those properties. Mr. Allen has also worked as a consultant and lecturer at home and abroad. He holds B.S. degrees in Economics and Geography from The Ohio State University and a Master of City Planning degree from Massachusetts Institute of Technology.
Michael J.U. Monahan, 54
- Tel 212.867.1234
- mmonahan@berkleyacq.com
Mr. Monahan is Vice Chairman at CB Richard Ellis, Inc. (previously Insignia). Mr. Monahan was the recipient of the Chairman's Award for four consecutive years before Insignia was acquired by CB Richard Ellis and has received similar recognition over the past five years as a top producer, as well as being the recipient of the Colbert Coldwell Circle award. Mr. Monahan has represented New York tenants in multiple major transactions, including Allianz Global Investors, SBC Warburg, TD Ameritrade, UBS, Morgan Stanley and Arch Insurance. Mr. Monahan has a B.A. degree from Marietta College.

This confidential presentation (“Confidential Presentation”) has been prepared by Berkley Asset Management LLC (“Berkley”), for distribution to a limited number of parties and does not purport to be all-inclusive or to contain all of the information that prospective investors may need or desire. No representation is made by Berkley as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on, as a promise or representation as to the future performance of the investments described herein. Although the information contained herein is believed to be correct, Berkley and its members, employees and affiliates disclaim any and all liability for representations and warranties, expressed or implied, contained in, or for omissions from, this Confidential Presentation or any other written or oral communication transmitted or made available to the recipient.

This investment opportunity involves a high degree of risk. All prospective investors are encouraged to seek legal, tax, accounting, and other professional advice prior to making such investments. Investors must rely on their own judgment and that of their advisors regarding the merits of a particular investment opportunity.

This Confidential Presentation has been prepared solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service, or investment. The opinions expressed in this Confidential Presentation do not constitute investment advice and independent advice should be sought where appropriate.

This Confidential Presentation is not directed at any person in any jurisdiction where, for any reason, the publication or availability of this Confidential Presentation is prohibited. Those to whom such prohibitions apply must not access this Confidential Presentation. Berkley does not represent that (i) any of the materials in this Confidential Presentation; (ii) any investment services that may be deemed to be offered through this Confidential Presentation; or (iii) anything else in this Confidential Presentation, are appropriate for use or permitted by local laws in all jurisdictions. Those who use this Confidential Presentation do so of their own initiative, and are responsible for compliance with applicable local laws or regulations. Legal advice should be sought in cases of doubt. None of the materials or investment services at or referred to in this Confidential Presentation are available to persons residing in any jurisdiction where this would be contrary to local law or regulation.

Information in this Confidential Presentation contains statements that may constitute, and from time-to-time Berkley may make, "forward-looking statements" within the meaning of the safe harbor provisions of The Securities Act of 1933, as amended. Any such statements must be read in the context of the offering materials pursuant to which any securities may be offered or sold in the United States. These forward-looking statements are not historical facts but instead represent only Berkley's belief regarding future events, many of which, by their nature, are inherently uncertain and outside our control. Important factors that could cause actual results to differ from those in specific forward looking statements include, without limitation, economic and market conditions, political events and investor sentiments, liquidity of secondary markets, level and volatility of interest rates, currency exchange rates, security valuations, competitive conditions and size, and the number and timing of transactions.

BERKLEY ASSET MANAGEMENT LLC INVESTMENT COMMITTEE

R. Alastair Short, 57

Aaron Etra, 70

Kevin D. Swanson, 53

Michael Z. Allen, 37

Michael J.U. Monahan, 54