Portfolio


Fund Size
($ Capital)
 Investments
(number)
 Life of the Fund

Gross Investment
IRR*
Quadrant Capital Fund No. 1
 $50 m
 16 1996 - 2007
 24%
Quadrant Capital Fund No. 2
 $75 m
 12 1998 - 2008
 45%
Quadrant Capital Fund No. 3
 $125 m
 7 2001 - 2009
 94%
Quadrant Private Equity No. 1
 $265 m
 7 2005 - 2015
 14%
Quadrant Private Equity No. 2  $500 m 5  2007 - 2017
 20%
Quadrant Private Equity No. 3  $750 m 1  2010 - 2020
 N/A

* Gross Investment IRR is calaculated before management fees, carried interest and fund expenses and is calculated to 31 December 2011 for QPE1, QPE2 and QPE3
   and to the end of the fund life for QCF1, QCF2 and QC3.