1. Ed Vincent Gemma Postlethwaite State of the PE Market Global VC and PE Trends T H O M S O N F I N A N C I A L

2. US Venture/Buyout Industry Six Year Comparison Source: Thomson Venture Economics/NVCA

3. T H O M S O N F I N A N C I A L Global VC Fundraising Capital Raised by VC Funds; 2000-YTD 2005 Source: Thomson Venture Economics / NVCA

4. T H O M S O N F I N A N C I A L Global Buyout Fundraising Capital raised by Buyout Funds; 2000-YTD 2005 Source: Thomson Venture Economics/NVCA

5. T H O M S O N F I N A N C I A L Global Venture Investment Activity 2000-YTD 2005 Source: PwC / Thomson Venture Economics / NVCA MoneyTree™ Survey

6. T H O M S O N F I N A N C I A L US Venture Sector Analysis 2000 Source: PwC / Thomson Venture Economics / NVCA MoneyTree™ Survey

7. T H O M S O N F I N A N C I A L US Venture Sector Analysis YTD 2005 Source: PwC / Thomson Venture Economics / NVCA MoneyTree™ Survey

8. T H O M S O N F I N A N C I A L US Venture Stage Analysis YTD 2005 Source: PwC / Thomson Venture Economics / NVCA MoneyTree™ Survey

9. T H O M S O N F I N A N C I A L Global Buyout Investment Activity 2000-YTD 2005 Source: Thomson Venture Economics/NVCA

10. T H O M S O N F I N A N C I A L US Venture-Backed IPO By number of IPO’s and Offer Amount 2001-YTD 2005 Source: Thomson Venture Economics/NVCA

11. T H O M S O N F I N A N C I A L US Venture-Backed M&A By number of Deals & Value 2001-YTD 2005 Source: Thomson Venture Economics/NVCA

12. T H O M S O N F I N A N C I A L Performance

13. T H O M S O N F I N A N C I A L Thomson Venture Economics – Performance database Maintained by Thomson Venture Economics since 1969 1771 US Funds formed 1969-2004 956 European Funds 1980-2004 230 Other International Funds formed 1980-2004 74 Funds of Funds Maintained by Thomson Venture Economics since 1969 1771 US Funds formed 1969-2004 956 European Funds 1980-2004 230 Other International Funds formed 1980-2004 74 Funds of Funds Information Requirements Firm Information Fund Information Portfolio company investment Transaction details Cashflows – capital calls, distributions, net asset values Information Requirements Firm Information Fund Information Portfolio company investment Transaction details Cashflows – capital calls, distributions, net asset values

14. T H O M S O N F I N A N C I A L Benchmarking Purposes Provide industry-standard benchmarking products for use in commitments, asset allocation and due diligence Provide information and appropriate transparency crucial to:  Provide critical information in the due diligence process  Make private equity an asset class with replicable benchmarks Provide information and appropriate transparency crucial to:  Provide critical information in the due diligence process  Make private equity an asset class with replicable benchmarks

15. T H O M S O N F I N A N C I A L US Venture Funds Annualized Net Cumulative IRR by Vintage Year As of December 31, 2004 Source: Thomson Venture Economics/NVCA

16. T H O M S O N F I N A N C I A L U.S. Venture Capital Since Inception Realization Multiples (DPI/RVPI) by Vintage Year as of December 31, 2004 Source: Thomson Venture Economics/NVCA

17. T H O M S O N F I N A N C I A L Venture Economics Private Equity Performance Index (PEPI) Pooled IRR net to investors as of December 31, 2004 All funds formed 1969-2004 Source: Thomson Venture Economics/NVCA

18. T H O M S O N F I N A N C I A L Private Equity Net Returns to Investors* From Inception to December 31, 2004 VCVC BUYOUTSBUYOUTS *US Funds formed 1969-2004 European Funds formed 1980-2004 Source: Thomson Venture Economics/NVCA/EVCA

19. T H O M S O N F I N A N C I A L European vs. US Private Equity Cumulative IRR Since Inception to Dec 31, 2004 by Calendar Year EUROPE US *US Funds formed 1969-2004 European Funds formed 1980-2004 Source: Thomson Venture Economics/NVCA/EVCA