ABOUT OIF

Capitalized with $100 million from Ohio Public Employees Retirement System (PERS) and approximately $2 million from Credit Suisse, the Ohio-Midwest Fund is a fund-of-funds that invests in high quality, private equity funds that focus, in whole or in part, on making investments in the Ohio and Midwest regions. Ohio PERS created this regional investment program in 2005 to generate superior returns for its members and encourage business growth within Ohio and the surrounding region.

Credit Suisse’s Customized Fund Investment Group (CFIG) was chosen to develop and manage the Ohio-Midwest Fund on a discretionary basis. As manager of the Fund, activities performed by CFIG include sourcing premier funds, performing comprehensive due diligence, investment execution, and monitoring and reporting.

As of January 2008, 12 fund investments have been made, representing a total commitment of $72 million. To date, the funds in the program have:

Invested more than $125 million in Ohio companies—across 24 platform investments and a number of other bolt-on opportunities;
Positively impacted over 2,500 jobs in Ohio;
Attracted over $61 million in capital from additional investors; and
Created a net impact in Ohio of $186 million—or a 4.7x multiplier to capital drawn.

Diversified across various stages of the investment cycle, the Fund may include investments in venture capital, growth capital or buyout funds in a variety of industry sectors, such as Ohio’s “clusters of innovation”: aerospace and defense, advanced electronics, information technology, biosciences, and advanced materials. The individual funds selected for the program are subject to a rigorous and comprehensive review process and required to have a significant market presence in Ohio and the Midwest region, as well as possess a strong track record of successful investing. Prior to this program, the funds’ principals cumulatively made more than 200 investments in Ohio, representing more than $1.4 billion in capital.

All of the information contained herein is presented as of December 2007 unless otherwise specified.