WEST MIDLANDS PENSION FUND

WEST MIDLANDS PENSION FUND 2007-10-01 Staff Writer CONTACTSMs. Judy SaundersChief Investment OfficerWolverhampton,United KingdomMs. Carolyn WhiteInvestment Manager,Private EquityWolverhampton,United KingdomTel: +44 1902 552 089carolyn.white@wolverhampton.gov.uk<italic>Head office</italic>Tel: +44

CONTACTSMs. Judy SaundersChief Investment OfficerWolverhampton,United KingdomMs. Carolyn WhiteInvestment Manager,Private EquityWolverhampton,United KingdomTel: +44 1902 552 089carolyn.white@wolverhampton.gov.ukHead officeTel: +44 1902 552 081Finance DepartmentFax: +44 1902 554 640Civic Centrewww.westmids-pensions.org.ukWolverhamptonPensionFundEnquiries@West Midlandswolverhampton.gov.ukWV1 1RLUnited KingdomASSETS / FUNDS UNDER MANAGEMENT£7.8 billion (€11.5 billion; $15.5 billion)YEAR FIRST INVESTED IN PRIVATE EQUITY1984NUMBER OF PRIVATE EQUITY FUNDS COMMITTED TOMore than 130ALLOCATION TO PRIVATE EQUITY / ALTERNATIVES7% (medium term target)CAPITAL COMMITED TO PRIVATE EQUITYMore than $800 millionGEOGRAPHYNorth America30%Western Europe60%Asia Pacific10%FUND TYPEBuyout / Later Stage33.3%Venture33.3%Mezzanine / Subordinated Debt33.3%PRIVATE EQUITY INVESTMENT APPETITENorthWesternAsiaAmericaEuropePacificGeneralist•••Buyout / Later Stage•••Venture•••Mezzanine / Subordinated DebtFund of Funds•••Turnaround•••Secondaries•••Secondary••Co-invests / Directs••Debut / First Time Funds••SELECTED FUNDS

FUND NAME MANAGER SIZE YEAR FUND TYPE REGION
Altor 2006 Fund Altor Equity Partners $1.4 billion 2006 Buyout Western Europe
Ares Corporate Opportunities Fund II Ares Management $2 billion 2006 Turnaround / distressed North America
BC European Capital VIII BC Partners $6.6 billion 2005 Buyout Western Europe
Candover 2005 Fund Candover €3.5 billion 2005 Buyout Western Europe
Chicago Growth Partners VIII Chicago Growth Partners $400 million 2005 Industry focused North America
Globespan Capital Partners V Globespan Capital Partners $400 million 2006 Venture Capital North America
Graphite Capital Partners VI Graphite Capital Management £375 million 2003 Buyout Western Europe
HgCapital V HgCapital £950 million 2005 Industry focused Europe
Industri Kapital 2004 Fund Industri Kapital €825 million 2005 Buyout Western Europe
Newbridge Asia III Newbridge Capital Group $724 million 2000 Buyout Asia/Pacific
Opus Capital Fund Opus Capital $280 million 2006 Early-stage International
Pantheon Global Secondary Fund II Pantheon Ventures $143 million 2004 Secondaries International
Permira Europe III Permira Advisors €5.3 billion 2003 Buyout Western Europe