CURRENT PORTFOLIO COMPANIES
American Independent Companies Inc.
Paraline Group, LTD

FULLY REALIZED INVESTMENTS
ACE
Acordia
AMRESCO
Bayly Martin and Fay
Chartwell
Hicks Muse
Life Partners
Litle & Co.
Mitchell
Old American Group
PennCorp Financial Group
The Republic Group
Seguros Commercial America
Soundview Technology Group
Universal American Financial Corp.