Illinois Venture Capital Association

Illinois Venture Capital Association Quarterly Private Equity Monitor Q4, 2007 / Full-year 2007

Section I: Venture Capital Investment Statistics Section II: Buyout Related Capital Investment Statistics

Investment Statistics Section III: Venture and Buyout Related Capital

Data pulled: 3/12/08 from Thomson Venture Economics

Section I: Venture Capital Investment Statistics

2

Table 1

ote: Company totals may not match other tables in this report because quarterly data may include deals with multiple rounds of financing. Yearly totals in the table above are calculated from quarterly data.

$609.9102$39,766.352472007

$476.577$34,729.145552006

$485.372$30,019.838972005

$422.863$28,931.137782004

$890.869$26,764.835692003

$817.595$27,629.236712002

Yearly

$208.030 $11,742.514434Q '07

$149.026 $9,532.913343Q '07

$82.120 $9,596.413692Q '07

$170.926 $8,894.511011Q '07

$91.920 $7,807.711734Q '06

Quarterly

$154.320$7,826.71031Qtr Avg

$3,702.8478$187,840.324717Total '02-'07

Total Capital (USD Mil)Number of Companies

Total Capital(USD Mil)Number of Companies

Venture Capital - IllinoisVenture Capital - Nation

$609.9102$39,766.352472007

$476.577$34,729.145552006

$485.372$30,019.838972005

$422.863$28,931.137782004

$890.869$26,764.835692003

$817.595$27,629.236712002

Yearly

$208.030 $11,742.514434Q '07

$149.026 $9,532.913343Q '07

$82.120 $9,596.413692Q '07

$170.926 $8,894.511011Q '07

$91.920 $7,807.711734Q '06

Quarterly

$154.320$7,826.71031Qtr Avg

$3,702.8478$187,840.324717Total '02-'07

Total Capital (USD Mil)Number of Companies

Total Capital(USD Mil)Number of Companies

Venture Capital - IllinoisVenture Capital - Nation

N

Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2007 / Full-year 2007


3

Table 2

2007

$16,413.91,576 California 1

$4,088.5442 Massachusetts 2

$2,435.111 Nevada 3

$2,217.4219 Texas 4

$1,678.0233 New York 5

$1,449.8166 Washington 6

$1,265.8199 Pennsylvania 7

$975.6109 Colorado 8

$797.5114 New Jersey 9

$754.679 North Carolina 10

$609.988Illinois 14

Q4/07

$208.030 Illinois 12


$226.144 Virginia 9

$291.816 Connecticut 8


$418.965 Washington 6

$425.283 New York 5

$555.973 Texas 4

$962.8153 Massachusetts 3

$2,408.96 Nevada 2

$4,026.4530 California 1

Investments (USD Mil)Number of CompaniesFund LocationRank

Venture Capital Investments

State Rankings

2007

$16,413.91,576 California 1


$2,435.111 Nevada 3

$2,217.4219 Texas 4

$1,678.0233 New York 5

$1,449.8166 Washington 6

$1,265.8199 Pennsylvania 7

$975.6109 Colorado 8



$609.988Illinois 14

Q4/07



$226.144 Virginia 9

$291.816 Connecticut 8


$418.965 Washington 6

$425.283 New York 5

$555.973 Texas 4

$962.8153 Massachusetts 3

$2,408.96 Nevada 2



Venture Capital Investments

State Rankings



4

Table 3A

ote: Company totals may be higher than in other tables because each state reports transactions separately, so double-counting of companies is possible (e.g. the same company may have received funding from Texas

100%100%$207.852 TOTAL

21%4%$9.111 Other

2%2%$3.8 1 Minnesota 10

2%2%$4.21 Florida 9

4%3%$5.22 Non-US 8

2%3%$5.31 Georgia 7

19%4%$9.010 Illinois 6

12%5%$10.66 Massachusetts 5

4%7%$15.42 Texas 4

17%13%$27.09 California 3

12%18%$38.46 Undisclosed 2

6%38%$79.83Connecticut 1

% of All Companies% of Total InvestmentAmount Invested

(USD Mil)Number of CompaniesFund LocationRank

Venture Capital

Geographic Sources of Funding For Illinois Companies Q4 '07

100%100%$207.852 TOTAL

21%4%$9.111 Other

2%2%$3.8 1 Minnesota 10

2%2%$4.21 Florida 9

4%3%$5.22 Non-US 8

2%3%$5.31 Georgia 7

19%4%$9.010 Illinois 6


4%7%$15.42 Texas 4



6%38%$79.83Connecticut 1



Venture Capital


N

and Illinois).



5

Table 3B


100%100%$595.9100 TOTAL

14%6%$37.414 Other

2%1%$7.12 Colorado 10

2%2%$9.02 Washington 9

2%2%$14.82 Maryland 8

9%4%$21.79 New York 7

6%4%$25.56 Texas 6


5%14%$81.35 Connecticut 4


19%19%$116.219 Illinois 2

23%21%$126.823 California 1



Venture Capital

Geographic Sources of Funding For Illinois Companies 2007

100%100%$595.9100 TOTAL

14%6%$37.414 Other

2%1%$7.12 Colorado 10

2%2%$9.02 Washington 9

2%2%$14.82 Maryland 8

9%4%$21.79 New York 7

6%4%$25.56 Texas 6


5%14%$81.35 Connecticut 4


19%19%$116.219 Illinois 2

23%21%$126.823 California 1



Venture Capital


N

and Illinois).



6

Table 4A

ote: “Other” industries include the following: consumer related, industrial/energy, transportation, financial services, business services, manufacturing, agricultures, forestry, fishing, construction, utilities and others.

Quarterly

$128.241 $229.624 $252.237 2007

$183.024 $138.418 $155.135 2006

$165.416 $61.611 $258.345 2005

$187.712 $50.616 $184.435 2004

$562.115 $42.114 $286.640 2003

$78.721 $59.213 $679.661 2002

Yearly

$75.914 $103.56 $28.5104Q '07

$12.18 $41.16 $95.8123Q '07

$28.411 $13.05 $40.742Q '07

$11.88 $72.07 $87.2111Q '07

$11.16 $14.73 $66.0114Q '06

$54.45 $24.24 $75.711 Qtr Avg

$1,305.2129 $581.496 $1,816.2253 Total '02-'07

Capital Invested (USD Mil)

Number of Companies


Number of Companies


Number of Companies

OtherHealthcareIT

Venture Capital Invested in Illinois by Industry

Quarterly

$128.241 $229.624 $252.237 2007

$183.024 $138.418 $155.135 2006

$165.416 $61.611 $258.345 2005

$187.712 $50.616 $184.435 2004

$562.115 $42.114 $286.640 2003

$78.721 $59.213 $679.661 2002

Yearly

$75.914 $103.56 $28.5104Q '07

$12.18 $41.16 $95.8123Q '07

$28.411 $13.05 $40.742Q '07

$11.88 $72.07 $87.2111Q '07

$11.16 $14.73 $66.0114Q '06

$54.45 $24.24 $75.711 Qtr Avg

$1,305.2129 $581.496 $1,816.2253 Total '02-'07


Number of Companies


Number of Companies


Number of Companies

OtherHealthcareIT

Venture Capital Invested in Illinois by Industry

N



7

Table 4B

ote: Green company investments include, but are not limited to, investments in companies involved in the following industries: batteries, power supplies, alternative energy sources, coal, energy conservation, pollution

Quarterly

$17.61$17.85652007

$39.60$23.251762006

$10.58$2.00832005

$12.40$4.00812004

$10.96$374.17522003

$6.80$5.20632002

Yearly

$3.61$10.00124Q '07

$2.55$0.25113Q '07

$7.91$7.00212Q '07

$3.54$0.60211Q '07

$4.38$4.59624Q '06

$97.95$426.475020Total '02-'07

Illinois Firms' Investment in U.S. "Green”

Companies (USD Mil)

Investment in Illinois "Green" Companies (USD

Mil)

Illinois Firms Making "Green" Venture Capital

Investments

Illinois "Green" Companies receiving Venture Capital

Investments

"Green" Venture Capital Investments

Quarterly

$17.61$17.85652007

$39.60$23.251762006

$10.58$2.00832005

$12.40$4.00812004

$10.96$374.17522003

$6.80$5.20632002

Yearly

$3.61$10.00124Q '07

$2.55$0.25113Q '07

$7.91$7.00212Q '07

$3.54$0.60211Q '07

$4.38$4.59624Q '06

$97.95$426.475020Total '02-'07

Illinois Firms' Investment in U.S. "Green”

Companies (USD Mil)

Investment in Illinois "Green" Companies (USD

Mil)

Illinois Firms Making "Green" Venture Capital

Investments

Illinois "Green" Companies receiving Venture Capital

Investments

"Green" Venture Capital Investments

N

and recycling, biotech processes for pollution, toxic waste control and oil recovery.



8

Chart 1

ote: “Other” industries include the following: consumer related, industrial/energy, transportation, financial services, business services, manufacturing, agriculture, forestry, fishing, construction, utilities and others.

Quarterly Trend - Venture Capital Investments by Industry(USD Mil)

$0.00

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

4Q '06 1Q '07 2Q '07 3Q '07 4Q '07

IT Inves tm ents Healthcare Inves tm ents Other Inves tm ents

N



9

Chart 2

ote: “Other” industries include the following: consumer related, industrial/energy, transportation, financial services, business services, manufacturing, agriculture, forestry, fishing, construction, utilities and others.

Annual Trend - Venture Capital Investments by Industry(USD Mil)

$0.00

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00

2002 2003 2004 2005 2006 2007

IT Inves tm ents Healthcare Inves tm ents Other Inves tm ents

N



10

Table 5 (part 1 of 2)

$2.00Apex Venture Partners LifeSnapz, Inc. 44

-American Securities Capital Partners, LLCLakeside Energy LLC43

$3.10-KeraCure Inc.42

$7.50MK CapitalJunction Solutions, Inc.41

-Weston PresidioJimmy John's Gourmet Sandwich Shops40

$0.29Hopewell Ventures InStadium, LLC 39

-Homeland Safety International, Inc. (OTCPK:HSFI)InfrAegis, Inc.38

$2.75Apex Venture Partners, Origin Ventures, Cogitations, Inc.Ifbyphone, LLC37

$1.67Apex Venture Partners, Origin Ventures, LLC Ifbyphone, Inc. 36

$9.00National CineMedia, LLCIdeaCast, Inc.35

$0.40Illinois Ventures LLC iCyt Mission Technology, Inc. 34

$62.00Oak Investment Partners, RRE Ventures LLC, StarVest Partners, L.P., Goldman Sachs Principal StrategiesCrossing, Inc.33

-CIVC Partners LP (FKA: Continental Illinois Venture Corp.) Icon Identity Solutions, Inc. (FKA: Acme Wiley Corporation)

32

$0.03Illinois Ventures LLC iBud, Inc. 31

--HyperQuest, Inc. 30

$1.10Origin VenturesGrubHub, Inc.29

$0.55Origin Ventures, LLC GrubHub, Inc. 28

$1.00-GoPicnic LLC27

-General Atlantic LLCGlobal Electronic Trading Company, LLC26

$3.72New World Ventures Firm58, Inc. 25

$0.25Illinois Ventures LLC Eden Park Illumination, Inc. 24

$0.48Illinois Ventures LLC DzymeTech, Inc. 23

$17.24Sierra Ventures, SVB Capital Partners, NeoCarta Ventures, Inc., Montagu Newhall Associates, Inc., MK CapitalDBS Communications, Inc.22

$4.80Sierra Ventures, NeoCarta Ventures, Inc., Montagu Newhall Associates, Inc., MK CapitalDBS Communications, Inc.21

$0.60OCA Venture Partners Data TV Networks, Inc. 20

-C3 Capital, LLC, Bush O'Donnell Capital Partners, LLCCustom Steel Processing, Inc.19

$1.20Hopewell Ventures CSMG, Inc. 18

$3.60Integral Capital Partners, Mohr, Davidow Ventures, Sutter Hill VenturesConcept Shopping, Inc.17

$5.00New Enterprise Associates, Presidio STX, LLC, Investment Group, OCA Venture Partners, LLC, Alsop Louie Partners, Harrison Street Real Estate Capital, LLC

Cleversafe, Inc.16

$0.91Batterson Venture Partners (AKA: BVP) OCA Venture Partners Cleversafe, Inc.15

$8.00Thomas, McNerney & Partners, H.I.G. VenturesClarus Therapeutics, Inc.14

-Merrill Lynch VenturesChicago Trading Company, LLC13

$15.00Granite Global VenturesCanopy Financial, Inc.12

-Bridge Street Capital Partners, LLCCallpod, Inc.11

$1.76Ceres Venture Fund OCA Venture Partners Brill Street + Company, Inc. 10

$160.00D.B. Zwirn & Co., L.P.Bridge Finance Group, LLC9

$1.00OCA Venture Partners Base-2 Capital Group LLC 8

$0.25Illinois Ventures LLC Autonomic Materials, Inc. 7

$14.00Adams Street Partners, LLC, Baird Venture PartnersArroweye Solutions, Inc. 6

$6.60Adams Street Partners LLC (FKA: Brinson Private Equity) Arroweye Solutions, Inc. 5

$15.00WestView Capital PartnersAdvanced Technology Services, Inc.4

$0.60Illinois Ventures LLC Advanced Biofuels, Inc. 3

$0.60Kettering Medical Center, Heartland Angels, Inc.Abiant, Inc.2

-Susquehanna Growth Equity, LLC29West Inc.1

Sum Inv.(USD Mil) Firm Name Company Name

Venture Capital Investments by Illinois Firms in Illinois Companies - 2007

$2.00Apex Venture Partners LifeSnapz, Inc. 44

-American Securities Capital Partners, LLCLakeside Energy LLC43

$3.10-KeraCure Inc.42

$7.50MK CapitalJunction Solutions, Inc.41

-Weston PresidioJimmy John's Gourmet Sandwich Shops40

$0.29Hopewell Ventures InStadium, LLC 39

-Homeland Safety International, Inc. (OTCPK:HSFI)InfrAegis, Inc.38

$2.75Apex Venture Partners, Origin Ventures, Cogitations, Inc.Ifbyphone, LLC37

$1.67Apex Venture Partners, Origin Ventures, LLC Ifbyphone, Inc. 36

$9.00National CineMedia, LLCIdeaCast, Inc.35

$0.40Illinois Ventures LLC iCyt Mission Technology, Inc. 34

$62.00Oak Investment Partners, RRE Ventures LLC, StarVest Partners, L.P., Goldman Sachs Principal StrategiesCrossing, Inc.33

-CIVC Partners LP (FKA: Continental Illinois Venture Corp.) Icon Identity Solutions, Inc. (FKA: Acme Wiley Corporation)

32

$0.03Illinois Ventures LLC iBud, Inc. 31

--HyperQuest, Inc. 30

$1.10Origin VenturesGrubHub, Inc.29

$0.55Origin Ventures, LLC GrubHub, Inc. 28

$1.00-GoPicnic LLC27

-General Atlantic LLCGlobal Electronic Trading Company, LLC26

$3.72New World Ventures Firm58, Inc. 25

$0.25Illinois Ventures LLC Eden Park Illumination, Inc. 24

$0.48Illinois Ventures LLC DzymeTech, Inc. 23

$17.24Sierra Ventures, SVB Capital Partners, NeoCarta Ventures, Inc., Montagu Newhall Associates, Inc., MK CapitalDBS Communications, Inc.22

$4.80Sierra Ventures, NeoCarta Ventures, Inc., Montagu Newhall Associates, Inc., MK CapitalDBS Communications, Inc.21

$0.60OCA Venture Partners Data TV Networks, Inc. 20

-C3 Capital, LLC, Bush O'Donnell Capital Partners, LLCCustom Steel Processing, Inc.19

$1.20Hopewell Ventures CSMG, Inc. 18

$3.60Integral Capital Partners, Mohr, Davidow Ventures, Sutter Hill VenturesConcept Shopping, Inc.17

$5.00New Enterprise Associates, Presidio STX, LLC, Investment Group, OCA Venture Partners, LLC, Alsop Louie Partners, Harrison Street Real Estate Capital, LLC

Cleversafe, Inc.16

$0.91Batterson Venture Partners (AKA: BVP) OCA Venture Partners Cleversafe, Inc.15

$8.00Thomas, McNerney & Partners, H.I.G. VenturesClarus Therapeutics, Inc.14

-Merrill Lynch VenturesChicago Trading Company, LLC13

$15.00Granite Global VenturesCanopy Financial, Inc.12

-Bridge Street Capital Partners, LLCCallpod, Inc.11

$1.76Ceres Venture Fund OCA Venture Partners Brill Street + Company, Inc. 10

$160.00D.B. Zwirn & Co., L.P.Bridge Finance Group, LLC9

$1.00OCA Venture Partners Base-2 Capital Group LLC 8

$0.25Illinois Ventures LLC Autonomic Materials, Inc. 7

$14.00Adams Street Partners, LLC, Baird Venture PartnersArroweye Solutions, Inc. 6

$6.60Adams Street Partners LLC (FKA: Brinson Private Equity) Arroweye Solutions, Inc. 5

$15.00WestView Capital PartnersAdvanced Technology Services, Inc.4

$0.60Illinois Ventures LLC Advanced Biofuels, Inc. 3

$0.60Kettering Medical Center, Heartland Angels, Inc.Abiant, Inc.2

-Susquehanna Growth Equity, LLC29West Inc.1





11


$5.00-Winston Laboratories, Inc.85

$1.67Illinois Innovation Accelerator Fund (i2A) Viewpoints Network, LLC (DBA: Viewpoints.com)

84

$3.50Hopewell Ventures VHT, Inc. (FKA: VideoHomeTours.com) 83

$3.80Hopewell Ventures, L.P.VHT, Inc.82

-Bain Capital VenturesVAuto, Inc.81

$0.10Illinois Ventures LLC Tolerogenics, Inc. 80

$25.80Adams Street Partners, LLC, Draper Fisher Jurvetson, New World Ventures, Portage Venture PartnersTNOW Entertainment Group, Inc.79

$32.60Adams Street Partners LLC (FKA: Brinson Private Equity) New World Ventures Portage Venture Partners (AKA: Graystone Venture Partners)

TicketsNow.com78

-CBS Corporation (NYSE:CBS)TicketReserve, Inc.77

-H.I.G. CapitalThe Spring Air Company76

$2.52-Tara Minerals Corp.75

-SkyBridge Capital, LLC, SkyBridge Capital Partners, L.P.Steeplechase Capital Partners74

$1.00Illinois Ventures LLC Steady Sleep, Inc. (AKA: Sleep Apnea Newco, Inc.)

73

-Florida Gulfshore CapitalSpineUniverse, LLC72

$22.50Ignition Partners, Allen & Company Inc., Investment Arm, The Greenspun Corporation, Square 1 Bank, Trilogy Equity Partners

Sparkplug, Inc.71

$2.40ARCH Venture Partners Sorbent Therapeutics, Inc. 70

$0.05Illinois Ventures LLC Snap and Buy, Inc. 69

$6.91Svoboda Capital Partners (FKA: Svoboda, Collins LLC) SMS Holdco, Inc. (AKA: Superior Mailing Services)

68

-Battery VenturesSmartSpark Energy Systems, Inc.67

$10.00Sequoia CapitalSatellier, LLC66

$53.00Vivo Ventures, LLCSagent Pharmaceuticals, Inc.65

-Hercules Technology Growth Capital, Inc. (NasdaqNM:HTGC)Rubicon Technology, Inc. (NasdaqNM:RBCN)

64

$1.07Illinois Development Finance Authority, Illinois Ventures LLC RiverGlass, Inc. 63

-CID CapitalRedSky Technologies, Inc.62

-RAB Capital Plc (AIM:RAB)Organ Recovery Systems61

-ARCH Venture Partners Optobionics Corporation 60

$0.10Illinois Ventures LLC Opticlot, Inc. 59

$5.00-OnSite Network, Inc.58

$0.15Illinois Ventures LLC One Llama, Inc. 57

$50.80REX Stores Corp. (NYSE:RSC)One Earth Energy LLC56

$0.03Illinois Ventures LLC OhThere, Inc. 55

$2.00MVC Capital Inc. (NYSE:MVC)Ohio Medical Corporation54


-Guggenheim Partners, LLC Ohio Medical Corporation 52

$32.39JK&B CapitalKettle Partners

Novarra, Inc. (FKA: InfoSpeed) 51

$50.00JK&B Capital, QUALCOMM Ventures, Public Employees Retirement Association of Colorado, Fort Washington Capital Partners Group

Novarra Inc.50

$40.00Vivo Ventures, LLC, Sofinnova Ventures, Inc.NextWave Pharmaceuticals, Inc.49

$0.60Illinois Ventures LLC Nanodisc, Inc. 48

$10.50New Enterprise AssociatesMediaBank, LLC47

$0.77-Mavix Ltd.46

$2.43Meakem Becker Venture CapitalLiquidTalk, Inc.45



$5.00-Winston Laboratories, Inc.85

$1.67Illinois Innovation Accelerator Fund (i2A) Viewpoints Network, LLC (DBA: Viewpoints.com)

84

$3.50Hopewell Ventures VHT, Inc. (FKA: VideoHomeTours.com) 83

$3.80Hopewell Ventures, L.P.VHT, Inc.82

-Bain Capital VenturesVAuto, Inc.81

$0.10Illinois Ventures LLC Tolerogenics, Inc. 80

$25.80Adams Street Partners, LLC, Draper Fisher Jurvetson, New World Ventures, Portage Venture PartnersTNOW Entertainment Group, Inc.79

$32.60Adams Street Partners LLC (FKA: Brinson Private Equity) New World Ventures Portage Venture Partners (AKA: Graystone Venture Partners)

TicketsNow.com78

-CBS Corporation (NYSE:CBS)TicketReserve, Inc.77

-H.I.G. CapitalThe Spring Air Company76

$2.52-Tara Minerals Corp.75

-SkyBridge Capital, LLC, SkyBridge Capital Partners, L.P.Steeplechase Capital Partners74

$1.00Illinois Ventures LLC Steady Sleep, Inc. (AKA: Sleep Apnea Newco, Inc.)

73

-Florida Gulfshore CapitalSpineUniverse, LLC72

$22.50Ignition Partners, Allen & Company Inc., Investment Arm, The Greenspun Corporation, Square 1 Bank, Trilogy Equity Partners

Sparkplug, Inc.71

$2.40ARCH Venture Partners Sorbent Therapeutics, Inc. 70

$0.05Illinois Ventures LLC Snap and Buy, Inc. 69

$6.91Svoboda Capital Partners (FKA: Svoboda, Collins LLC) SMS Holdco, Inc. (AKA: Superior Mailing Services)

68

-Battery VenturesSmartSpark Energy Systems, Inc.67

$10.00Sequoia CapitalSatellier, LLC66

$53.00Vivo Ventures, LLCSagent Pharmaceuticals, Inc.65

-Hercules Technology Growth Capital, Inc. (NasdaqNM:HTGC)Rubicon Technology, Inc. (NasdaqNM:RBCN)

64

$1.07Illinois Development Finance Authority, Illinois Ventures LLC RiverGlass, Inc. 63

-CID CapitalRedSky Technologies, Inc.62

-RAB Capital Plc (AIM:RAB)Organ Recovery Systems61

-ARCH Venture Partners Optobionics Corporation 60

$0.10Illinois Ventures LLC Opticlot, Inc. 59

$5.00-OnSite Network, Inc.58

$0.15Illinois Ventures LLC One Llama, Inc. 57

$50.80REX Stores Corp. (NYSE:RSC)One Earth Energy LLC56

$0.03Illinois Ventures LLC OhThere, Inc. 55



-Guggenheim Partners, LLC Ohio Medical Corporation 52

$32.39JK&B CapitalKettle Partners

Novarra, Inc. (FKA: InfoSpeed) 51

$50.00JK&B Capital, QUALCOMM Ventures, Public Employees Retirement Association of Colorado, Fort Washington Capital Partners Group

Novarra Inc.50

$40.00Vivo Ventures, LLC, Sofinnova Ventures, Inc.NextWave Pharmaceuticals, Inc.49

$0.60Illinois Ventures LLC Nanodisc, Inc. 48

$10.50New Enterprise AssociatesMediaBank, LLC47

$0.77-Mavix Ltd.46

$2.43Meakem Becker Venture CapitalLiquidTalk, Inc.45



Note: Data for table from Thomson Financial, Capital IQ and IVCA. Table totals may differ from other tables in this report because private equity reporting is continuous and therefore changes from day to day for all data sources.


12Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2007 / Full-year 2007

Section II: Buyout Related Capital Investment Statistics

Table 6

Note: Company totals may not match other tables in this report because quarterly data may include deals with multiple rounds of financing. Yearly totals in the table above are calculated from quarterly data.

$733.992$70,209.42,4322007

$816.069$31,393.61,7592006

$666.945$28,123.41,3742005

$1,085.633$30,169.11,1422004

$2,329.537$42,372.51,0542003

$1,046.635$23,984.91,1082002

Yearly

$299.231$23,678.16584Q '07

$184.019$15,608.26413Q '07

$109.022$10,535.26072Q '07

$141.720$20,387.95261Q '07

$114.111$7,077.13944Q '06

Quarterly

$278.3 13$9,427.0370Qtr Avg

$6,678.5311$226,253.08,869Total '02-'07

Investment (USD Mil)Number of Companies


Buyout Investments - IllinoisBuyout Investments - Nation

$733.992$70,209.42,4322007

$816.069$31,393.61,7592006

$666.945$28,123.41,3742005

$1,085.633$30,169.11,1422004

$2,329.537$42,372.51,0542003

$1,046.635$23,984.91,1082002

Yearly

$299.231$23,678.16584Q '07

$184.019$15,608.26413Q '07

$109.022$10,535.26072Q '07

$141.720$20,387.95261Q '07

$114.111$7,077.13944Q '06

Quarterly

$278.3 13$9,427.0370Qtr Avg

$6,678.5311$226,253.08,869Total '02-'07



Buyout Investments - IllinoisBuyout Investments - Nation



Table 7

2007


$7,036.672 Ohio 2

$6,216.6163 New York 3

$5,617.939 Michigan 4

$3,817.410 Nevada 5

$3,521.116 Kansas 6

$3,359.3177 Texas 7


$1,714.039 Tennessee 9

$1,707.060 Minnesota 10

$738.985Illinois 17

Q4/07


$303.85 Oregon 9

$890.960 Texas 8

$915.012 Maryland 7

$918.3148 California 6

$1,660.116 Minnesota 5


$3,602.03 Nevada 3

$5,036.845 New York 2

$6,326.522 Ohio 1


Buyout Related Investments

State Rankings

2007


$7,036.672 Ohio 2

$6,216.6163 New York 3

$5,617.939 Michigan 4

$3,817.410 Nevada 5

$3,521.116 Kansas 6

$3,359.3177 Texas 7


$1,714.039 Tennessee 9

$1,707.060 Minnesota 10

$738.985Illinois 17

Q4/07


$303.85 Oregon 9

$890.960 Texas 8

$915.012 Maryland 7

$918.3148 California 6

$1,660.116 Minnesota 5


$3,602.03 Nevada 3

$5,036.845 New York 2

$6,326.522 Ohio 1


Buyout Related Investments

State Rankings



Table 8a


100%100%$295.151 TOTAL

8%0%$0.04 Other

2%0%$0.0 1 Connecticut 10

4%0%$1.02 Maryland 9

2%1%$4.21 Florida 8

25%2%$5.013 New York 7

4%2%$5.32 Georgia 6


4%5%$15.42 Texas 4



20%49%$144.710 Illinois 1



Buyout Related Capital


100%100%$295.151 TOTAL

8%0%$0.04 Other

2%0%$0.0 1 Connecticut 10


2%1%$4.21 Florida 8

25%2%$5.013 New York 7

4%2%$5.32 Georgia 6


4%5%$15.42 Texas 4



20%49%$144.710 Illinois 1





N

and Illinois).



Table 8b


100%100%$733.999 TOTAL

7%1%$8.77 Other

1%1%$4.21 Florida 10

3%1%$6.33 Georgia 9


5%2%$15.45 Texas 7

25%5%$36.625 New York 6

2%7%$52.12 Ohio 5



16%21%$157.216 California 2

22%31%$229.022 Illinois 1





100%100%$733.999 TOTAL

7%1%$8.77 Other

1%1%$4.21 Florida 10

3%1%$6.33 Georgia 9


5%2%$15.45 Texas 7

25%5%$36.625 New York 6

2%7%$52.12 Ohio 5



16%21%$157.216 California 2

22%31%$229.022 Illinois 1





N

and Illinois).




-Professional Appearances, Inc.Jasco Uniform Company39

-RoundTable Health Care Partners Instrumed International, Inc. 38

$12.25Thoma Bravo (FKA:Thoma Cressey Bravo)InfuScience, Inc. 37

--In the Loop-Chicago, Inc.36

-GrowthPath Capital, LLC (FKA: Tangram Partners, Inc.)Icon Identity Solutions, Inc. (FKA: Acme Wiley Corporation) 35

-CIVC Partners, L.P.Icon Identity Solutions, Inc.34

$1,902.49Apax Partners Worldwide LLP, Morgan Stanley Private EquityHub International Ltd.33

-Hispania Capital Partners (HCP)Hispanic Yellow Pages of America, Inc. 32

-Prairie Capital Fortis Business Media LLC 31

$29.00Chicago Growth Partners (William Blair Capital Partners) Twin Bridge Capital Partners

Footprint Retail Services (FKA:Hub Group Distn Services LLC) 30

-The Boss GroupFoltz Welding, Ltd.29

$0.38Linden LLC Focused Health Solutions, Inc. 28

-Inverness Graham Investments Faxitron X-ray Corporation27

$35,131.44Walton Street Capital, L.L.C., Vornado Realty Trust (NYSE:VNO), StarwoodCapital Group

Equity Office Properties Trust26

$0.60Tinicum Capital PartnersEnesco, LLC25

-GFI Energy Ventures LLCElgin National Industries Inc.24

-Tenaska Capital Management, LLCDTE Energy Services Inc., Two Illinois Power Plants23

-Levine Leichtman Capital Partners, Inc.Dexter Magnetic Technologies, Inc.22

$2.06-Design and Manufacturing, Ltd.21

-Pouschine Cook Capital Management, LLCCrownline Boats, Inc.20

-Pfingsten Partners, L.L.C.Closet Works, Inc.19

$5.00WHI Capital Partners Clinical Resource Network, LLC 18

-Andell Holdings, LLCChicago Fire17

-Prairie Capital, L.P, AmeribankChicago Deferred Exchange Company16

-The Chartres Lodging Group, LLC, Dubai Investment GroupChicago City Centre Hotel & Sports Club15

$5.00-Certified Power, Inc.14

$7,332.61Madison Dearborn Partners, LLC, Providence Equity Partners, Inc.CDW Corp.13

-Hunt Special Situations GroupCastwell Products, Inc.12

-The Pritzker GroupCarter-Waters LLC11

-Investcorp Bank BSC, Private EquityBerlin Packaging, LLC10

-Goldman Sachs Group, Merchant Banking Division, Golub Capital, Chicago Growth Partners

Benetech, Inc.9

--Belvedere USA Corporation8

-PlattForm Advertising, Inc.Beauty Inter-Network Company7

$1,045.01Harbinger Capital PartnersBally Total Fitness Holding Corp. (OTCPK:BFTH)6

-RoundTable Health Care PartnersAvalign Technologies 5

-Industrial Growth PartnersAtlas Material Testing Technology LLC4

$38.50Resilience Capital Partners LLCASC Signal Corporation3

-A&R Logistics, Inc.Alliance Logistics Inc.2

-FdG Associates LLCA&R Logistics, Inc.1

Sum Inv. (USD Mil) Firm Name Company Name

Buyout Capital Investments by Illinois Firms in Illinois Companies 2007

-Professional Appearances, Inc.Jasco Uniform Company39

-RoundTable Health Care Partners Instrumed International, Inc. 38

$12.25Thoma Bravo (FKA:Thoma Cressey Bravo)InfuScience, Inc. 37

--In the Loop-Chicago, Inc.36

-GrowthPath Capital, LLC (FKA: Tangram Partners, Inc.)Icon Identity Solutions, Inc. (FKA: Acme Wiley Corporation) 35

-CIVC Partners, L.P.Icon Identity Solutions, Inc.34

$1,902.49Apax Partners Worldwide LLP, Morgan Stanley Private EquityHub International Ltd.33

-Hispania Capital Partners (HCP)Hispanic Yellow Pages of America, Inc. 32

-Prairie Capital Fortis Business Media LLC 31

$29.00Chicago Growth Partners (William Blair Capital Partners) Twin Bridge Capital Partners

Footprint Retail Services (FKA:Hub Group Distn Services LLC) 30

-The Boss GroupFoltz Welding, Ltd.29

$0.38Linden LLC Focused Health Solutions, Inc. 28

-Inverness Graham Investments Faxitron X-ray Corporation27

$35,131.44Walton Street Capital, L.L.C., Vornado Realty Trust (NYSE:VNO), StarwoodCapital Group

Equity Office Properties Trust26

$0.60Tinicum Capital PartnersEnesco, LLC25

-GFI Energy Ventures LLCElgin National Industries Inc.24

-Tenaska Capital Management, LLCDTE Energy Services Inc., Two Illinois Power Plants23

-Levine Leichtman Capital Partners, Inc.Dexter Magnetic Technologies, Inc.22

$2.06-Design and Manufacturing, Ltd.21

-Pouschine Cook Capital Management, LLCCrownline Boats, Inc.20

-Pfingsten Partners, L.L.C.Closet Works, Inc.19

$5.00WHI Capital Partners Clinical Resource Network, LLC 18

-Andell Holdings, LLCChicago Fire17

-Prairie Capital, L.P, AmeribankChicago Deferred Exchange Company16

-The Chartres Lodging Group, LLC, Dubai Investment GroupChicago City Centre Hotel & Sports Club15

$5.00-Certified Power, Inc.14

$7,332.61Madison Dearborn Partners, LLC, Providence Equity Partners, Inc.CDW Corp.13

-Hunt Special Situations GroupCastwell Products, Inc.12

-The Pritzker GroupCarter-Waters LLC11

-Investcorp Bank BSC, Private EquityBerlin Packaging, LLC10

-Goldman Sachs Group, Merchant Banking Division, Golub Capital, Chicago Growth Partners

Benetech, Inc.9

--Belvedere USA Corporation8

-PlattForm Advertising, Inc.Beauty Inter-Network Company7

$1,045.01Harbinger Capital PartnersBally Total Fitness Holding Corp. (OTCPK:BFTH)6

-RoundTable Health Care PartnersAvalign Technologies 5

-Industrial Growth PartnersAtlas Material Testing Technology LLC4

$38.50Resilience Capital Partners LLCASC Signal Corporation3

-A&R Logistics, Inc.Alliance Logistics Inc.2

-FdG Associates LLCA&R Logistics, Inc.1






-Medical Specialties Distributors, Inc.Wren Medical Systems, Inc.77

-Sopris Partners, LLCWIT Postal Logistics Inc.76

-Wilton Products, IncWilton Industries, Inc.75

-American Capital Strategies, Ltd. (NasdaqNM:ACAS)Velocity Financial Group, Inc.74

-TAG Equity Partners LLCVapor Power International, LLC73

$3,882.71-Tribune Co.72

$283.50Genstar Capital, LLC, Bain Capital VenturesTravelCLICK, Inc.71

-Nicolet Capital Investors, LLCTransilwrap Company, Inc.70

-Nicolet Capital Partners LLCTransilwrap Company, Inc. 69

-WMG CapitalThe Johnsson Group Inc.68

-Centerbridge Partners L.P.The GSI Group67

-Eriksson Capital Group AbTeepak, LLC66

-Abrisa Industrial Glass, Inc.Sycamore Glass Components65

-Pfingsten Partners, L.P.Suzo-Happ Group 64

-Svoboda Capital Partners LLCSuperior Mailing Services, Inc.63

-Code, Hennessy & Simmons LLCSunSource Holdings, Inc. 62

$127.10Fairmont Capital, Inc., Sankaty Advisors, LLC, PNC Mezzanine CapitalStampede Meat, Inc.61

$6.91Svoboda Capital Partners (FKA: Svoboda, Collins LLC)SMS Holdco, Inc. (AKA: Superior Mailing Services) 60

-Lubar & Co.Shared Imaging, Inc.59

-Citadel Investment Group, L.L.C.Sentinel Management Group Inc., Portfolio of Bonds58

-Arbor Private Investment Company, LLCSam's Wine and Spirits 57

$1,830.11Platinum Equity, LLCRyerson Inc.56

$18.70BlackEagle Partners, LLCRockford Products LLC55

-Spectrum Equity Investors, Technology Crossover VenturesR.J. O'Brien & Associates54

$140.00GTCR Golder Rauner LLCMesirow Private Equity Investments, Inc.

PrivateBancorp, Inc. 53

--PPM Capital Limited52

$172.50Behrman CapitalPeacock Engineering Company51

$15.53Madison Capital Funding LLC (AKA: Madison Capital)Peacock Engineering Company 50

-Brentwood AssociatesPaper Source, Inc.49

-ING Clarion Partners, LLCPalmet Ventures LLC48

-Huron Capital Partners, LLCOlon Industries, Inc.47

$6,424.46DLJ Merchant Banking Partners, Wachovia Capital Partners, Madison Dearborn Partners, LLC, Citigroup Inc. (NYSE:C), Merrill Lynch Global Private Equity, DB Capital Partners

Nuveen Investments Inc.46

-Falcon Investment Advisors, LLC, Aperion Management, LLCNES Rentals Holdings, Traffic Safety and Studio Equipment Business

45

--M-Wave EMG44

-Clarity Partners, LP, Lehman Brothers Inc., Investment ArmModern Luxury Media, LLC43

$4,500.00Berkshire Hathaway Inc. (NYSE:BRK.A)Marmon Holdings, Inc.42

-DN Partners LLC, Investment ArmM&M Pump and Supply, Inc.41

-Vision Solutions, Inc.Lakeview Technology, Inc.40



-Medical Specialties Distributors, Inc.Wren Medical Systems, Inc.77

-Sopris Partners, LLCWIT Postal Logistics Inc.76

-Wilton Products, IncWilton Industries, Inc.75

-American Capital Strategies, Ltd. (NasdaqNM:ACAS)Velocity Financial Group, Inc.74

-TAG Equity Partners LLCVapor Power International, LLC73

$3,882.71-Tribune Co.72

$283.50Genstar Capital, LLC, Bain Capital VenturesTravelCLICK, Inc.71

-Nicolet Capital Investors, LLCTransilwrap Company, Inc.70

-Nicolet Capital Partners LLCTransilwrap Company, Inc. 69

-WMG CapitalThe Johnsson Group Inc.68

-Centerbridge Partners L.P.The GSI Group67

-Eriksson Capital Group AbTeepak, LLC66

-Abrisa Industrial Glass, Inc.Sycamore Glass Components65

-Pfingsten Partners, L.P.Suzo-Happ Group 64

-Svoboda Capital Partners LLCSuperior Mailing Services, Inc.63

-Code, Hennessy & Simmons LLCSunSource Holdings, Inc. 62

$127.10Fairmont Capital, Inc., Sankaty Advisors, LLC, PNC Mezzanine CapitalStampede Meat, Inc.61

$6.91Svoboda Capital Partners (FKA: Svoboda, Collins LLC)SMS Holdco, Inc. (AKA: Superior Mailing Services) 60

-Lubar & Co.Shared Imaging, Inc.59

-Citadel Investment Group, L.L.C.Sentinel Management Group Inc., Portfolio of Bonds58

-Arbor Private Investment Company, LLCSam's Wine and Spirits 57

$1,830.11Platinum Equity, LLCRyerson Inc.56

$18.70BlackEagle Partners, LLCRockford Products LLC55

-Spectrum Equity Investors, Technology Crossover VenturesR.J. O'Brien & Associates54

$140.00GTCR Golder Rauner LLCMesirow Private Equity Investments, Inc.

PrivateBancorp, Inc. 53

--PPM Capital Limited52

$172.50Behrman CapitalPeacock Engineering Company51

$15.53Madison Capital Funding LLC (AKA: Madison Capital)Peacock Engineering Company 50

-Brentwood AssociatesPaper Source, Inc.49

-ING Clarion Partners, LLCPalmet Ventures LLC48

-Huron Capital Partners, LLCOlon Industries, Inc.47

$6,424.46DLJ Merchant Banking Partners, Wachovia Capital Partners, Madison Dearborn Partners, LLC, Citigroup Inc. (NYSE:C), Merrill Lynch Global Private Equity, DB Capital Partners

Nuveen Investments Inc.46

-Falcon Investment Advisors, LLC, Aperion Management, LLCNES Rentals Holdings, Traffic Safety and Studio Equipment Business

45

--M-Wave EMG44

-Clarity Partners, LP, Lehman Brothers Inc., Investment ArmModern Luxury Media, LLC43

$4,500.00Berkshire Hathaway Inc. (NYSE:BRK.A)Marmon Holdings, Inc.42

-DN Partners LLC, Investment ArmM&M Pump and Supply, Inc.41

-Vision Solutions, Inc.Lakeview Technology, Inc.40



Note: Data for table from Thomson Financial, Capital IQ and IVCA. Table totals may differ from other tables in this report because private equity reporting is continuous and therefore changes from day to day for all data sources.


Section III: Venture and Buyout Related Capital Investments

Table 10

26%

23%

17%

3%

5%

17%

34%

15%

39%

20%

6%

% of All Capital Invested in

IL Companies by IL Firms

37%

39%

38%

35%

38%

41%

37%

44%

38%

29%

38%

% of AllIL Companies

Receiving Capital Funded by

IL Firms

Last Five Quarters

$1,215.6$318.415758 2007

$1,371.4$319.413251 2006

$1,107.3$192.410640 2005

$1,405.9$36.78229 2004

$3,079.7$147.18833 2003

$1,660.3$286.012551 2002

Yearly

$451.7$153.24918 4Q '07

$318.3$48.33616 3Q '07

$146.1$56.63413 2Q '07

$299.5$60.33811 1Q '07

$193.4$11.62610 4Q '06

Capital Investment in IL Companies by Non-Illinois Funds

Capital Investment in IL Companies

by IL Funds

IL Companies Funded by

Non-Illinois FundsIL Companies

Funded by IL Funds

Venture and Buyout Investments in Illinois Companies Funded by Non-Illinois and Illinois Funds, Q4 '07

26%

23%

17%

3%

5%

17%

34%

15%

39%

20%

6%

% of All Capital Invested in

IL Companies by IL Firms

37%

39%

38%

35%

38%

41%

37%

44%

38%

29%

38%

% of AllIL Companies

Receiving Capital Funded by

IL Firms

Last Five Quarters

$1,215.6$318.415758 2007

$1,371.4$319.413251 2006

$1,107.3$192.410640 2005

$1,405.9$36.78229 2004

$3,079.7$147.18833 2003

$1,660.3$286.012551 2002

Yearly

$451.7$153.24918 4Q '07

$318.3$48.33616 3Q '07

$146.1$56.63413 2Q '07

$299.5$60.33811 1Q '07

$193.4$11.62610 4Q '06

Capital Investment in IL Companies by Non-Illinois Funds

Capital Investment in IL Companies

by IL Funds

IL Companies Funded by

Non-Illinois FundsIL Companies

Funded by IL Funds

Venture and Buyout Investments in Illinois Companies Funded by Non-Illinois and Illinois Funds, Q4 '07



Chart 3

Source of Venture and Buyout Investments for Illinois CompaniesQ4 '07 (USD Mil)

$0.00 $20.00 $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00

Illinois

Connecticut

Massachusetts

California

Undisclosed

Texas

Non-US

New York

Georgia

Florida

Other



Chart 4

States Receiving Funds from Illinois Venture and Buyout FirmsQ4 '07 (USD Mil)

$0.00 $50.00 $100.00 $150.00 $200.00 $250.00 $300.00

New York

Illinois

California

Connecticut

New Jersey

Texas

North Carolina

Massachusetts

Virginia

Ohio

Other



Chart 5

Money Raised by Venture and Buyout FundsTop Midwest States Q4 '07 (as of 3/12/08)

New York

Massachusetts

California

Texas

Connecticut

Illinois

D. of Colum bia

Colorado

Alabam a

Pennsylvania

Maryland

Ohio

New Jersey

North Carolina

Washington

Illinois

Ohio



Chart 6

Venture and Buyout Assets Under ManagementTop Midwest States Q4 '07 (as of 3/12/08)

New York

California

Massachusetts

D. of Colum bia

Texas

Connecticut

Illinois

Florida

Colorado

Maryland

Pennsylvania

Minnesota

Washington

Georgia

Missouri

Illinois

Minnesota Missouri



Table 11

The post offer value represents the value of all shares outstanding (primary share, management shares, etc.) at the offer date.

$20,217.7 $4,595.5 35TOTAL

$341.0 $94.0 2.86 114West Virginia

$330.2 $100.0 2.86 113Wisconsin

$2,095.1 $460.0 11.43 412Virginia

$2,001.0 $690.0 2.86 111Utah

$2,172.4 $592.0 8.57 310Texas

$181.8 $42.4 2.86 19Pennsylvania

$3,522.3 $637.8 2.86 18Oklahoma

$281.7 $82.5 2.86 17North Carolina

$809.8 $189.0 8.57 36Minnesota

$989.2 $266.3 11.43 45Massachusetts

$1,998.4 $438.6 11.43 44Illinois

$685.8 $212.8 2.86 13Georgia

$179.7 $45.0 2.86 12Florida

$4,629.5 $745.1 25.71 91California

Post Offer Value*(USD Mil)

Offer Amt(USD Mil)Pct of IPOsNum of IPOsRankFund Location

State Rank - IPO Offer Amount Q4 '07

$20,217.7 $4,595.5 35TOTAL

$341.0 $94.0 2.86 114West Virginia

$330.2 $100.0 2.86 113Wisconsin

$2,095.1 $460.0 11.43 412Virginia

$2,001.0 $690.0 2.86 111Utah

$2,172.4 $592.0 8.57 310Texas

$181.8 $42.4 2.86 19Pennsylvania

$3,522.3 $637.8 2.86 18Oklahoma

$281.7 $82.5 2.86 17North Carolina

$809.8 $189.0 8.57 36Minnesota

$989.2 $266.3 11.43 45Massachusetts

$1,998.4 $438.6 11.43 44Illinois

$685.8 $212.8 2.86 13Georgia

$179.7 $45.0 2.86 12Florida

$4,629.5 $745.1 25.71 91California

Post Offer Value*(USD Mil)

Offer Amt(USD Mil)Pct of IPOsNum of IPOsRankFund Location

State Rank - IPO Offer Amount Q4 '07

*



Table 12

The post offer value represents the value of all shares outstanding (primary share, management shares, etc.) at the offer date.

$1,998.4$438.6Total

17.82 $1,020.1$153.7Ulta Salon, Cosmetics & Fragrance, Inc. (AKA: Ulta.Com)

7.88 $269.4$93.8Rubicon Technology, Inc.

4.01 $414.0$93.1Neutral Tandem, Inc.

7.84 $294.9$98.0Nanosphere, Inc.

Age at IPO (yrs)Post Offer Value *

(USD Mil) Offer Amt (USD Mil)Company Name

Illinois IPOs, Q4 '07

$1,998.4$438.6Total

17.82 $1,020.1$153.7Ulta Salon, Cosmetics & Fragrance, Inc. (AKA: Ulta.Com)

7.88 $269.4$93.8Rubicon Technology, Inc.

4.01 $414.0$93.1Neutral Tandem, Inc.

7.84 $294.9$98.0Nanosphere, Inc.

Age at IPO (yrs)Post Offer Value *

(USD Mil) Offer Amt (USD Mil)Company Name

Illinois IPOs, Q4 '07

*

Economy & Finance

Illinois Venture Capital Association