The Churchill Financial Group ("Churchill"), headquartered in New York, is a leading commercial finance and asset management company with over $2 billion of committed capital to support its financing activities and over $4 billion of assets under management. Churchill currently has 77 professionals located in six offices in the United States, including New York, Minneapolis, Los Angeles, Chicago and Boston.

Churchill was established February 2006 by an investor group led by Bear Stearns Merchant Banking and Senior Management with the goal of building and developing a leading commercial finance business focused on lending to and investing in middle market companies that are backed by leading private equity firms.

Churchill has three complementary operating businesses

Churchill Financial

Middle Market Finance

• "One Stop" Cash Flow Lending
• Revolving Credit Facilities
• First and Second Lien Senior Loans
  www.churchillfinco.com

Churchill Capital

Mezzanine Finance

• Subordinated Loans
• Equity Co-Investments
  www.churchillmezzanine.com

Churchill Pacific

Asset Management

• Broadly Syndicated CDO's
• Fixed Income Funds
  www.churchillpacific.net

Middle Market and Mezzanine Finance

Experience

Senior professionals at Churchill have an average of over 20 years' experience financing middle market companies and understand their unique needs and requirements. Our senior professionals are empowered to make decisions so they can deliver in a timely and consistent manner.

Responsiveness

We understand the need for timely and reliable feedback from your financing partners. You can count on us to deliver what we promise, when we promise it, with no last minute surprises.

Flexibility

We have a wide array of debt financing solutions to meet your needs, and we can get the deal done. We focus exclusively on being a reliable debt-financing partner and avoid the conflicts and distractions that encumber other capital providers in the current marketplace.

Asset Management

Disciplined Credit Focus

We employ a rigorous 'bottom-up' approach to company research and credit analysis of existing and potential portfolio holdings.

Conservative Bias

We emphasize the 'buy' decision as evidenced by overall low portfolio turnover, accompanied by a constant review of relative value.

Capital At Risk

We do extensive evaluation of capital structure and collateral with an emphasis on significant capital commitments to equity underpinning a CDO.