Over the past several years, First Atlantic Capital (“First Atlantic” or the “Firm”) has grown to become one of the most active and successful middle-market buyout firms in America, investing nearly $310 million ($445 million including co-investors) in more than 40 companies through its three investment funds.  First Atlantic believes in investing in companies that have a strong operating foundation, which can serve as a platform for long-term earnings and significant potential for value creation.  Built on the premise that a combination of investment, consulting and operating expertise can add value to companies acquired, First Atlantic’s strategy is to target (1)companies that are recognized players in a fragmented industry where they can serve as a consolidator, and (2)companies that have identifiable opportunities to implement operating and strategic improvements.  In 2002 First Atlantic completed two exits from its portfolio of companies, Berry Plastics Corporation and Otis Spunkmeyer, totaling over $1.0 billion in combined enterprise value.  The success of both Berry Plastics Corporation and Otis Spunkmeyer provide two solid examples of First Atlantic’s investment strategy and active board involvement approach to creating substantial value for the Firm’s limited partners.