21st Century Group, LLC - Realized Investments

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Realized Investments

The Republic Group Exit Date: December 2006	In partnership with Wand Partners, Banc of America Capital Investors and Greenhill Capital, 21^st Century acquired The Republic Group. The Company is a property and casualty insurer based in Dallas, and underwrites and insures personal property, personal auto and commercial lines. The Company celebrated its 100th year in business in early September 2004. Republic was acquired from the Winterthur Group, a subsidiary of Credit Suisse Holdings. On August 3, 2005, Republic Companies Group, Inc. completed its Initial Public Offering (NASDAQ – symbol RUTX) which raised approximately $84 million. In December 2006, Delek Capital Ltd. completed the merger agreement to acquire The Republic Group, purchasing the outstanding shares of Republic’s common stock. www.republicgroup.com

SirsiDynix Corporation Exit Date: January 2007	SirsiDynix is the world’s leading provider of library automation systems and software with over 5,000 global systems installed. The Company offers proprietary software along with the necessary third party hardware, software and services to deliver a complete automation solution to its library customers. These systems allow libraries and librarians to efficiently perform functions such as cataloging, circulation, acquisitions, media scheduling, patron access, reservations and serial management. The Company’s products are adapted for use in all types of libraries including academic, school, public and special libraries, varying from single site operations to large branch systems and consortia. Headquartered in Huntsville, Alabama, the Company has over 4,000 customers worldwide serving more than 23,000 individual library branches. The Company currently has 700 employees. In August 2005, 21^st Century Group successfully closed the merger of Dynix with Sirsi Holdings to form SirsiDynix, distributing proceeds to its limited partners, while retaining an equity stake in the merged entity. 21^st Century fully exited its investment in January 2007, when SirsiDynix was sold to Vista Equity Partners. www.sirsidynix.com

Innovative Creative Packaging Solutions, Inc.	21^st Century partnered with ICV Capital Partners to acquire Innovative Creative Packaging Solutions, Inc. Innovative was founded in 1984 and is located in South Plainfield, NJ. Innovative is a specialty packaging company that is unique in its ability to focus on shorter production runs, provide high quality printing and produce multiple product/multiple customer orders efficiently. Innovative’s marketing strategy is to focus on private label and generic drug companies that need short runs and have frequent packaging changes. Innovative’s operating strategy is to share converting and printing costs across multiple accounts and jobs, improving delivery times and production efficiency. In March 2008, 21^st Century Group and ICV Capital Partners sold Innovative to Multi Packaging Solutions, a platform of Bear Stearns Merchant Banking. www.innovativecps.com