Caltius Equity Partners Closes $133 Million Fund II

Business Wire, Oct 9, 2007

LOS ANGELES -- Caltius Capital Management is pleased to announce the final closings of Caltius Equity Partners II, LP and Caltius Equity Partners Executive II, LP with an aggregate capital commitment of over $133 million.

"We are extremely pleased to have such a high caliber group of limited partners express confidence in Caltius," said Jim Upchurch, President and CEO of Caltius. The funds' institutional investors include a diverse group of public pension funds, funds-of-funds and commercial banks, including the Golden State Investment Fund, a CalPERS investment vehicle managed by Hamilton Lane Advisors; Capital Link, a CalPERS investment vehicle managed by Centinela Capital Partners; INVESCO Private Capital; the CalSTRS New and Next Generation Manager Fund, LP managed by INVESCO Private Capital; Parish Capital Advisors; and U.S. Bancorp.

In addition to the dedicated institutional investors who made capital commitments to Caltius, over twenty executive limited partners committed capital to Caltius Equity Partners Executive II, LP, which will co-invest alongside Caltius Equity Partners II, LP.

Caltius Equity Partners preferred industry sectors include: light manufacturing, healthcare services, business services, consumer services and products, and post-secondary education. The funds have already completed four transactions to date:

* The acquisition of Starpoint Health, Inc., a manager of multi-specialty outpatient surgery centers throughout Southern California (Healthcare Services).

* The acquisition of Meyer Control Corporation, a California-based instrumentation and control systems integrator, specializing in the water and wastewater industry (Business Services).

* The recapitalization of Electra Bicycle Company, a designer, marketer and distributor of premium, branded adult and children's leisure bicycles and related parts, accessories and apparel (Consumer Products).

* The recapitalization of The Institute of Audio Research, a post-secondary audio engineering and production school located in New York City (Post-Secondary Education).

Based in Los Angeles, Caltius Equity Partners has been making control and substantial minority equity investments in amounts ranging from $5 million to $20 million since 1999. To find out more about Caltius Equity Partners and its portfolio, please visit www.caltiusequity.com.