Portfolio

CURRENT INVESTMENTS


	Harrah's Entertainment, Inc. Las Vegas, NV January 2008 Harrah’s Entertainment, Inc., through its subsidiary, Harrah’s Operating Company, Inc., operates casino entertainment facilities primarily in the United States. As of December 31, 2007, the Company owned and managed 50 casinos in 6 countries, including 31 land-based casinos, 12 riverboat or dockside casinos, 1 combination thoroughbred racetrack and casino, 1 combination greyhound racetrack and casino, 1 harness racetrack and casino, 3 managed casinos on Indian lands and 1 managed casino in Canada. It operates its casino entertainment facilities primarily under the Harrah’s, Caesars and Horseshoe brand names. The Company’s facilities also comprise hotel and convention space, restaurants and non-gaming entertainment facilities. In January 2008, an affiliate of Tri-Artisan Capital Partners, LLC and Global Leisure Capital Partners LLC co-invested alongside Apollo Management, L.P. and TPG Capital, L.P. in the $31 billion transaction.
	Claire's Stores, Inc. Hoffman Estates, IL May 2007 Claire's Stores, Inc. is a leading international specialty retailer offering value-priced costume jewelry and accessories to fashion-aware tweens, teens and young adult females through its two store concepts: Claire's and Icing by Claire's. As of May 2007, Claire’s operated approximately 3,000 stores in the United States, Canada, Puerto Rico, the Virgin Islands, the United Kingdom, Ireland, France, Switzerland, Austria, Germany, Spain, Portugal, Belgium and the Netherlands, as well as approximately 205 stores in Japan through a joint venture. The company also franchises 145 stores in the Middle East, Turkey , Russia and South Africa . In May 2007, an affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Apollo Management, L.P. in the $3.1 billion acquisition of the company.

	Sara Lee Foods Europe Groupe Smithfield S.L. Paris, France August 2006 Sara Lee's European meats business is a leading producer and distributor of processed meat products in Western Europe. The business had sales of $1.1 billion in fiscal 2005 and holds its largest positions in France, Portugal and the Benelux region, with popular European brands such as Aoste, Justin Bridou and Nobre. The company also has a presence in Germany, Italy and the United Kingdom. In August 2006, an affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Oaktree Capital Management, LLC in the joint venture acquisition of the company, which was renamed Groupe Smithfield. On December 17, 2008, the previously announced merger between Groupe Smithfield and Campofrio Alimentacion S.A. ("Campofrio") was completed. The combined company, known as Campofrio Food Group, is the largest pan-European company in the packaged meats sector and is the market leader in Spain, France, Portugal and The Netherlands. Immediately following the consummation of the transaction, shareholders of Campofrio and Groupe Smithfield own 51.5% and 48.5% of Campofrio Food Group, respectively.

	Cannery Casino Resorts Las Vegas, Nevada January 2006 Cannery Casino Resorts ("CCR") is a regional locals gaming company based in Las Vegas, NV. In January 2006, an affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Oaktree Capital Management in the recapitalization of CCR. Since the recapitalization, CCR has redeveloped one of its Las Vegas properties and acquired a racetrack outside of Pittsburgh, PA. Currently, CCR operates three locals gaming properties in the Las Vegas area and one casino in the Pittsburgh area.

	Paddock Pool Construction Co. Phoenix, AZ April 2005 Paddock Pool Construction Co. is a leading family-owned provider of pool construction services and related backyard accessories in the Arizona and Las Vegas markets. The company's revenues are generated through two segments: Construction and Retail. The Construction segment provides pool, spa and backyard design and construction services to the residential, homebuilder and commercial markets and the Retail segment provides an unparalleled selection of backyard items including pool supplies, outdoor furniture, barbecues, outdoor lighting and related accessories through nine retail stores and one Paddock Patio Outlet. There are no other companies of significance which provide both pool construction services and pool accessories/furniture through retail stores. In April 2005, an affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Lincolnshire Management and the founding family in the recapitalization of the company.

	Cascade Medical Enterprises, LLC Wayne, NJ June 2003 Cascade Medical Enterprises, LLC is a developer, manufacturer and marketer of Fibrinet®, an autologous platelet rich plasma for use in a variety of orthopedic and oral surgery applications. The company currently markets its product lines through managed networks of independent agents, distributors and dealers in the oral surgery market and through a strategic alliance for orthopedic applications. In June 2003, Tri-Artisan participated in a private equity financing for the company.

PREVIOUS INVESTMENTS
	Linens 'n Things, Inc. Clifton, NJ February 2006 Linens 'n Things, Inc. is the second largest specialty retailer of home textiles, housewares and home accessories in North America operating 542 stores in 47 states and six Canadian provinces. As a destination retailer, the Company offers one of the broadest and deepest selections of brand-name as well as private label home furnishings merchandise in the industry. In February 2006, an affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Apollo Management, L.P., National Realty & Development Corp. and Silver Point Capital Fund Investments LLC in the acquisition of the company.

	Fuel Systems LLC Grand Rapids, MI January 2006 Fuel Systems LLC is the leading independent North American supplier of fuel tanks for a wide variety of commercial vehicles ranging from light, medium and heavy duty trucks to other industrial and off-highway applications. For over 65 years, the Company has established its leading brand name and developed a strong reputation for high quality products and unmatched customer service and responsiveness. In January 2006, an affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Brazos Private Equity Partners in the acquisition of the company.

	Eight O'Clock Coffee Montvale, NJ Acquired: November 2003 Realized: July 2006 Eight O'Clock Coffee is a producer and marketer of coffee for sale in retail channels, including supermarkets and convenience stores. The company's proprietary 'Eight O'Clock Coffee' ranks as the nation's largest whole bean coffee brand and third largest coffee brand sold through the grocery channel in the United States. On July 31, 2006, Eight O'Clock® Coffee Company was sold to Tata Coffee Ltd., headquartered in India. An affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Gryphon Investors in the original acquisition of the company from The Great Atlantic & Pacific Tea Company (A&P) in November 2003. Since the 2003 acquisition, two dividend recapitalizations were completed, one in November, 2004 and one in November, 2005.

	MortgageIT, Inc. New York, NY Original Investment Date: October 2003 Realized: June 2005 In 2003, MortgageIT, Inc. was among the largest privately-held residential mortgage banks in the United States. During the year ended December 31, 2003, MIT originated loans with an aggregate value of $11.9 billion. Today, MortgageIT, Inc. is the wholly owned residential mortgage lending subsidiary of Deutsche Bank, following its 2007 acquisition of the Company. In October 2003, MIT management, third party investors and an affiliate of Tri-Artisan Capital Partners, LLC purchased a block of equity from another private equity investor. Seven months after Tri-Artisan's investment, MIT went public in the form of a REIT. In June 2005, Tri-Artisan's investors were allowed to liquidate their entire investment through a registered follow-on offering.

	The Hartz Mountain Corporation Secaucus, NJ June 2004 The Hartz Mountain Corporation is a leading provider and marketer of a wide range of pet products for sale in retail channels including grocery, Wal-Mart, other mass channel, drug stores and pet specialty stores under the Hartz, Wardley and LM Animal Farms brand names. The company markets approximately 1,800 pet care products, including nutritional products for small pets, birds and aquariums, over-the-counter animal health products, and toys and accessories for small pets. In June 2004, an affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Sumitomo Corporation of America in the acquisition of the company. Tri-Artisan sold its stake in the Company in conjunction with the 2008 recapitalization.

	Scandius Biomedical Littleton, MA January 2004 Scandius BioMedical, Inc. is a privately held medical device company that designs, manufactures, and markets products for the orthopedic sports medicine market. The company is focused on accelerating innovative solutions for minimally invasive orthopedic sports medicine procedures. In January 2004, Tri-Artisan participated in a private equity financing for the company. In November 2007, the Company was sold to Covidien Ltd.

Tri-Artisan Partners LLC

Portfolio

CURRENT INVESTMENTS

PREVIOUS INVESTMENTS