SBIC Management Assessment Questionnaire & License Application; Exhibits to SBIC License App./Mgmt. Assessement Questionnaire

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Overview

Instructions
Table 2.1
Table 2.2 (a)
Table 2.2 (b)
Table 2.2 (c)
Table 2.2 (d)
Table 2.2 (e)
Table 2.3
Table 2.4 (a)
Table 2.4 (b)
Table 2.4 (c)
Table 2.4 (d)
Table 2.4 (e)
File Name Help

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Sheet 1: Instructions

Exhibit F2: Complete Fund Workbook Instructions
V1.1.b - May 24, 2006
General Instructions:
You will have one Excel workbook (file) for each Complete fund you are presenting.
Save the name of this file as "F2-" + 10 character (or less) acronym that identifies your applicant name + "; " + "Complete" + year of first investment + "; " + the first and last name initials for each principal for which this workbook pertains separated by commas + "; " +date when this report was prepared in YYYYMMDD format.
For assistance in creating the correct file name, click on the link to the right.		File Name Help
Example:
Applicant Name: Southern Ventures Fund
Principal Name: John Browning, Mary Jones
Year of First Investment: 1995
Date Report Prepared: September 30, 2003
File Name for Workbook: F2-SouthernVF; Complete1995; JB,MJ; 20030930
Follow the step by step instructions below, referring to Exhibit F for detailed instructions on each table.
Click on tables to go to associated worksheets.
Instruction	Worksheet
1. Enter General Fund Information	Table F2.1
2. Enter Portfolio Information
a. Enter List of Portfolio Companies	Table F2.2 ( a )
b. Enter Portfolio Financing Information	Table F2.2 ( b )
c. Enter Portfolio Company Realized Events	Table F2.2 ( c )
d. Current Status and Unrealized Portfolio Company Information	Table F2.2 ( d )
e. Describe Your Involvement with Company	Table F2.2 ( e )
3. Enter Fund Cashflow Information	Table F2.3
4. Review Fund Statistics
e. Review Portfolio Summary	Table F2.4 ( a )
b. Review Financing Statistics	Table F2.4 ( b )
c. Review Investment Performance Statistics	Table F2.4 ( c )
d. Review Graphics	Table F2.4 ( d )
e. Review Fund Statistics	Table F2.4 ( e)

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Sheet 2: Table 2.1

i

Next Step

Table F2.1 General Fund Information

1. SBIC Applicant:

Enter your SBIC applicant name.

2. Principal (s):

Enter the SBIC applicant principal (s) for which this fund applies.

3. Fund Name

Enter the name of the fund.

4. Fund Location

(a) Street Address

Enter street address for the fund.

(b) City, State

Enter the city and state of the fund.

(c) Phone Number (include area code)

If the fund is still in existence, enter the phone number, including area code.

5. Job Title(s) at This Fund

Enter your job title at this fund. If this exhibit applies to more than one person, identify the associated job title and to whom it applies.

6. General Fund Information

(a) Fund Status

Enter the current status of the fund. 1

(b) Date of First Portfolio Investment Closing

If the fund is terminated, enter its termination date in MM/YYYY format. If the fund is ongoing, enter the "as of date" for which this fund information you are reporting applies in MM/YYYY format.

12

1899

(c) Is this fund ended? (Y/N)

Select Yes if this fund is fully terminated. If the fund is ongoing (i.e., unrealized and undistributed values remain in the fund's portfolio), then select "No".

(d) Enter the date the fund was ended OR the "as of" date for

If the fund is terminated, enter its termination date in MM/YYYY format. If the fund is ongoing, enter the "as of date" for which this fund information you are reporting applies in MM/YYYY format.

2021

which the fund information will be reported, if the fund is ongoing.

(e) Except for contingent or follow-on investments, final year expected for making new

Enter the year (in YYYY format) you expect to make the final new initial investment. (Exclude contingent and follow-on investments.)

investments.

(f) Number of Companies Financed to Date

Enter the current number of companies in this fund has financed to date.

(g) Total committed capital (including participating securities leverage , if an SBIC)

Enter the total committed capital in dollars.

(h) Total capital commitments released

Enter in dollars the total amount of commitments released, that is commitments identified under (g) that will not be called.

8. Very short narrative on investment strategy of prior fund, including lifecycle stages of investments

and industry sectors

Provide a short narrative on your investment strategy.

9. Footnotes

Any footnotes related to the track record specified above must be detailed in this text box. See instructions for the notation convention required to identify the tab and cell referenced.

Next Step

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Sheet 3: Table 2.2 (a)

i	#N/A							Next Step
	Table F2.2 (a) Portfolio Data
	SBIC Applicant/Principal: ;
	Number of Investments:
			Please provide information on the company at the time of initial investment. Company Information at Initial Investment
		Enter the Name of the Company. Company Name	Enter the age of the company in years at the time of initial investment. Age of Company (Yrs)	Select the stage of the company. Stage of Company	Identify the state in which the company's primary offices reside. State of Company's Primary Offices	Select the primary industry in which the company operates. Primary Industry	Describe the specific products and services of the company in more detail. Description of Products/Services	Select one of the following to describe your role of your fund in the initial investment: Syndicate Lead - Your fund was the lead investor for the syndicate. Syndicate Co-Lead - You were the co-lead with either another firm. Syndicate Participant - You were a participant in a syndicate of financing, but were not the lead. Sole Institutional Investor - You were the only institutional investor in this round of financing. (Do not count angels, investment bankers, or officers of the company being financed.) Other Fund Lead Status
	1
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Sheet 4: Table 2.2 (b)

i

#N/A

Next Step

Table F2.2 (b) Portfolio Company Financing Rounds

SBIC Applicant/Principal: ;

You must use the same company names as those in Table F2.2.

Total Financing

$-

Enter the name of the company. You must use the same names as entered in Table 2.2 (a) of this workbook. Company Name

Enter the financing round/series for the company, (e.g., A, B,C). Round/ Series

Insert the month and year of the investment round in MM/YYYY format. Month/Year of Investment

Enter the size of the round in $. Pre-Money Company Valuation ($)

Enter the total size of the round in dollars. Size of Round ($)

Enter the names of firms that you co-invested with on this round. If you co-invested with angel investors, enter "Angel". Co-investors

Enter "Y" if this was a loan only; otherwise, enter "N". Loan?

Enter the type of security used in this round of financing. Note: If you used both debt and equity in the same round, enter them as separate line items with the same round number. Type of Security

Enter the amount of money associated with this round and security. Amount ($)

Enter the total ownership on a fully diluted basis you had at the end of this round. (Note: This total ownership should include any previous investments.) Total % Ownership After Round

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Sheet 5: Table 2.2 (c)

i		#N/A									Next Step
	Table F2.2 (c) Portfolio Company Realized Events (Including Write-offs)
	SBIC Applicant/Principal:
		Enter a separate line item for each exit/liquidation. If you had 3 separate liquidations (at separate times) of a company, then you will have 3 line items. You must use the same company names as those in Table F2.2 (a). Please note: All gross investment IRRs and multiples are calculations under Table 2.4 (a).
							Totals	$-	$-	$-	$-
		Enter the name of the company. You must use the same names as entered in Table 2.2 of this workbook. Company Name	Enter the month and year of exit or partial exit in MM/YYYY format. Month/ Year of Exit	Enter the total company valuation in $ at the time of exit. Total Company Valuation at Exit	Select the type of Exit: Sale Merger/Acquisition IPO Recap MBO (including ESOPs) Distress Type of Exit	Enter one of the following numeric class codes that describes your exit. If you received more than one class of proceeds, separate each code by a comma. 1. Interest, Dividends, Royalties 2. Cash Liquidating Event 3. Securities Still Held by Fund 4. Securities Sold by Fund 5. Distribution in Kind - Legal or Liquidity 6. Distribution in Kind - Liquidity Restrictions on Sale 7. Write-off Class	Describe the nature of the proceeds your fund received from the exit of the company. If you received securities from another company in connection with this exit, identify the name of that company. Nature of Proceeds	Enter the cost basis (what you paid) for the exit proceeds in dollars. Cost Basis of Exit Proceeds ($)	Enter cash proceeds in dollars. Cash Proceeds ($)	Enter non-cash proceeds in terms of their dollar value. Value of Non-cash Proceeds ($)	Total
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Sheet 6: Table 2.2 (d)

i	#N/A	#N/A									Next Step
		Table F2.2 (d) Current Status and Unrealized Portfolio Company Information
		SBIC Applicant/Principal: ;
		Number of Investments:
			Enter data for each of the companies you listed in Table 2.2 (a)
				Status of Company		Enter the current valuation information regarding each company in which you have a holding. Current Valuation Information						Enter information regarding what you anticipate the company's next round of financing. Next Round Information						Enter information regarding the projected exit of the company. Projected Exit Information
									Total	$-		Total	$-		$-				Total	$-
			Company names from Table 2.2 Company Name	Enter "Y" if investment is open and then skip next column. Enter "N" if investment is closed (either entirely exited or written off) and enter the date the investment was closed in the next column. If closed, no further information on company (except date closed) is required. Investment Open (Y/N)	Enter the month and year in MM/YYYY format when this investment was either totally exited, or written off the books. If the investment is still open, leave blank. Date Investment Closed (MM/YYYY)	Enter the percent of the company you own on a fully diluted basis. Percentage Ownership (%)	Enter the date in MM/YYYY format of the last valuation review date. Last Valuation Date (MM/YYYY)	Enter in mm/yyyy format the date that the valuation for this company was last changed. Date Valuation Was Last Changed (MM/YYYY)	In a few words, enter the basis, e.g., cost, disc. from public price, CF+ [multiple used], e.g. CF+4X, P/E [multiple used of pre-tax earnings, excluding one-time or extraordinary events], e.g. P/E6X, B.V., poor performance, etc., SNI for “round with Significant number of New Investors”, sale or merger, IPO, bankruptcy/liquidation. If you are taking a discount from the nominal value, for example, from market price or investment by a strategic investor, give the discount percentage, e.g., SNI -50%. If the basis for the valuation is “SNI”, enter the date of the referenced round, e.g., “SNI 01/02” or “SNI –50%, 01/02”. Basis for Valuation	Enter the current valuation of your holdings in the company in dollars. Current Value of Holdings ($)	In dollars enter the current valuation for the entire company. Current Company Value ($)	If you expect there to be another financing within the next 18 months, enter whether it will probably be: (U) Up, (F) Flat, (D) Down, or (N) None, if none is contemplated. Next Round Code	Enter the projected total round size in $ for the next round. Total Round Size ($)	Enter the probability of having a closing that meets the targeted financial needs (indicated round size) in terms of a percentage. Example: If you think they have a 75% chance, you would enter 75%. Likelihood of Meeting Financing Needs (%)	Enter the amount in dollars you anticipate as your part of the next round. Your Amount ($)	Enter the total percentage ownership you anticipate holding after the next round. Anticipated Total Ownership After Round (%)	Enter the projected company pre-money valuation in dollars. Projected Company Pre-Money Valuation ($)	Enter the year (YYYY format) in which you estimate the highest probability that you would be able to exit, based on the company’s attainment or its goals and on current or projected market conditions . Projected Exit Year	Select the most likely type of exit from the following: Sale Merger/Acquisition IPO Recap MBO (including ESOPs) Distress Projected Type of Exit	Enter the most likely cash realization expected in the exit year. (This should be a most probable estimate, not a wish list amount.) Forecasted Exit Proceeds ($)	Enter the probability of this investment meeting your forecasted time and proceeds estimates. Example: If you think the forecast has a 75% chance, you would enter 75%. Likelihood of Meeting Forecast (%)
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Sheet 7: Table 2.2 (e)

i	#N/A												Next Step
	Table F2.2 (e) Company Involvement
			SBIC Applicant/Principal: ;										SBIC Applicant/Principal: ;
			Number of Investments:										Number of Investments:
			These questions help identify what role you played prior to the actual investment. Enter an "X" in each category that you played a significant role. Leave blank those categories for which you did not play a significant role. Pre-Investment Role										These questions help identify what role you played after your fund may the investment. Enter an "X" in each category that you played a significant role. Leave blank those categories for which you did not play a significant role. Post-Investment Active Involvement in Company
		Count	0	0	0	0	0	0	0	0	0		0	0	0	0	0	0
		Company names from Table 2.2 (a) Company Name	Enter the initials of the applicant principal, if they are the sole lead investor (both syndicate and within your firm). Under discussion, provide supporting details. Otherwise, leave blank. Deal Lead	Enter the initial of the applicant principal(s) if they were the co-lead with either another firm or within your firm. Otherwise, leave blank. Deal Co-Lead	Enter the initials of the applicant principal that sourced the deal within your firm. Under discussion, provide supporting details. Otherwise, leave blank. Deal Source	Enter the initials of the applicant principal if they performed the financial analysis for this investment. Under discussion, provide supporting details. Otherwise, leave blank. Financial Analysis	Enter the initials of the applicant principal, if they performed the market research for this investment. Under discussion, provide supporting details. Otherwise, leave blank. Market Research	Enter the initials of the applicant principal if they performed the due diligence for this investment. Under discussion, provide supporting details. Otherwise, leave blank. Lead Due Diligence	Enter the initials of the applicant principal if they were part of the Investment Committee for this investment. Under discussion, provide supporting details. Otherwise, leave blank. Investment Committee	Enter initials of the applicant principal if they were the primary person within your firm to negotiate this investment. Under discussion, provide supporting details. Otherwise, leave blank. Negotiation	Enter the initials of the applicant principal if they were the primary person within your firm to help with the closing materials for this investment. Under discussion, provide supporting details. Otherwise, leave blank. Closing	Provide supporting details to your pre-investing activities that you marked and any other information you feel is critical. Discussion of Pre-Investment Role	Enter "X" if you replaced the Top Ranking Officer in the company. Otherwise leave blank. Top Ranking Officer Replaced	Enter the initials of the applicant principal if they were on the board of directors for this company. Otherwise, leave blank. Board of Directors	Enter the initials of the applicant principal if they were on a committee. Indicate in the Discussion area what committees you were on. If no applicant/principals served on any committees, leave blank. Committees	Enter the initials of the applicant principal if they played a significant role in this company's exit. Under the discussion area, describe this role. If no applicant principal played a role in the exit or the company has not yet exited, leave this blank. Exit Process	Enter the initials of the corresponding applicant principal if they actively participated in any workouts or restructurings of the company. Otherwise, leave blank. Workouts, etc..	Enter the initials of the applicant principal if they either temporarily or on an extended basis stepped in as an officer of the company. Under the discussion area, describe that role and the length of time. Otherwise, leave blank. Officer of the company	Provide supporting details to your post-investing activities that you marked and any other information you feel is critical. Discussion of Post-Investment Role
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---

Sheet 8: Table 2.3

i													Next Step
		Table F2.3 Overall Fund Cashflows
		SBIC Applicant/Principal: ;
		1. Calculate Residual Value
		+ Value of Investments			$-	Totaled from Table 2.2 (d)
		+ a. Cash and Cash Equivalents
		- b. Liabilities				Enter as a positive number. Include any SBA Leverage, money owed for management/fund expenses and carried interest.
				Gross Residual Value	$-
		- c. Residual Value Going to Carry				Enter the amount of carried interest as a positive number you would receive if you were to exit your investments at the current value of your holdings, as identified in Table 2.2 (d)
				Net Residual Value	$-
		2. By Year Investor Cash Flows, Expenses, and Other Revenues
		Non-released Commitments		$-	From Table 2.1, calculated as 6(g) Total Capital Commitments - 6(h) Total Capital Commitments Released
				(a) Investor Cashflows and Residual Value							(b) Other Items
				i) Amount of Takedown/ Paid-in Capital	ii) Distribution Information						i) Mgt and Fund Expenses	ii) Carried Interest on Distributions	iii) Other Revenues
			Year		Amount of Distribution	Cash	Non-cash	Net Residual Value	Investor Net Cashflows					Company Financing $	Total Proceeds	Balance sheet cost of investments
			Total	$-	$-	$-	$-	$-			$-	$-	$-	$-	$-
			1899		$-			$-	$-					$-	$-	$-
			1900		$-			$-	$-					$-	$-	$-
			1901		$-			$-	$-					$-	$-	$-
			1902		$-			$-	$-					$-	$-	$-
			1903		$-			$-	$-					$-	$-	$-
			1904		$-			$-	$-					$-	$-	$-
			1905		$-			$-	$-					$-	$-	$-
			1906		$-			$-	$-					$-	$-	$-
			1907		$-			$-	$-					$-	$-	$-
			1908		$-			$-	$-					$-	$-	$-
			1909		$-			$-	$-					$-	$-	$-
			1910		$-			$-	$-					$-	$-	$-
			1911		$-			$-	$-					$-	$-	$-
			1912		$-			$-	$-					$-	$-	$-
			1913		$-			$-	$-					$-	$-	$-
			1914		$-			$-	$-					$-	$-	$-
			1915		$-			$-	$-					$-	$-	$-
			1916		$-			$-	$-					$-	$-	$-
			1917		$-			$-	$-					$-	$-	$-
			1918		$-			$-	$-					$-	$-	$-
			1919		$-			$-	$-					$-	$-	$-
			Commitments Not Drawn	$-
		3. Cash Remaining for Follow-on, New Investments, and Management Expenses =
				+ Investor Commitments Not Drawn			$-
				+ a. Cash and Cash Equivalents			$-
				- b. Liabilities			$-
						Cash and Commitments Remaining	$-
							Amount	Cash Balance
		4. Commitments outstanding to portfolio companies not yet funded						$-
		5. Reserves for follow-on investments not committed						$-
		6. Reserves for future management fees						$-
						Capital Available for New investments	$-
		7. Fund Performance Calculations
							Your Fund	Venture Avg for VY 1899
						FUND IRR	Err:523	#N/A
						RESIDUAL VALUE TO PAID IN CAPITAL	#DIV/0!
						DISTRIBUTIONS TO PAID IN CAPITAL	#DIV/0!	#N/A
						TOTAL VALUE TO PAID IN CAPITAL	#DIV/0!

---

Sheet 9: Table 2.4 (a)

i

Next Step

IRR Guess

-90%

Next Step

Table F2.4 (a) Portfolio Summary

SBIC Applicant/Principal: ;

Number of Investments:

Portfolio Company Overview

Gains (Loss)

Performance Metrics based on Current Values

Net Cashflows with residual values

Company

Select the stage of the company. Stage of Company

Select the industry in which the company operates. Industry

Fund Lead Status

Total Financing Costs

Percent of Cost

Total Cash & Non-Cash Proceeds

Cost Basis of Proceeds

Residual Value

Residual Cost

Realized

Unrealized

Total

Realized Gains

Realized Losses

IRR

Residual Value to Residual Cost

Distributions to Total Cost

Residual Value to Total Cost

Total Value to Cost Multiple

Year of Initial Investment

Last Year Exited

Projected/Actual year to Exit

Years to Exit

TOTALS

$-

0%

$-

$-

$-

$-

$-

$-

$-

Gross Pool

Err:523

#DIV/0!

0.00

0.00

0.00

0

0

0

0.00

Average

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

Cpt Wgt Avg

0.0%

0.00

0.00

0.00

0.00

Median

#VALUE!

#VALUE!

#VALUE!

#VALUE!

#VALUE!

#VALUE!

#VALUE!

#VALUE!

---

Sheet 10: Table 2.4 (b)

i										Next Step
		Table F2.4 (b) Portfolio Financing Statistics
		SBIC Applicant/Principal: ;
		Gross Financing/Investment Statistics (Before Expenses)
			Number of Portfolio Companies			0
			Number of Financings			#VALUE!
			Total Cost of Investments			$-
		Distribution of Individual Financings by Dollar Size
			From	To	Total Financing Dollars	% of Financing Dollars	Number of Financings	% of Financings
		1	$-	#VALUE!	#VALUE!	#VALUE!	#VALUE!	#VALUE!
		2	#VALUE!	#VALUE!	#VALUE!	#VALUE!	#VALUE!	#VALUE!
		3	#VALUE!	#VALUE!	#VALUE!	#VALUE!	#VALUE!	#VALUE!
		4	#VALUE!	$-	#VALUE!	#VALUE!	#VALUE!	#VALUE!
				Total	#VALUE!	#VALUE!	#VALUE!	#VALUE!
			Median Financing Size	#VALUE!	Maximum	$-	Smallest	$-
		Distribution of Company Financings by Dollar Size
			From	To	Total Financing Dollars	% of Financing Dollars	Number of Companies	% of Companies
		1	$-	#VALUE!	#VALUE!	#VALUE!	#VALUE!	#VALUE!
		2	#VALUE!	#VALUE!	#VALUE!	#VALUE!	#VALUE!	#VALUE!
		3	#VALUE!	#VALUE!	#VALUE!	#VALUE!	#VALUE!	#VALUE!
		4	#VALUE!	$-	#VALUE!	#VALUE!	#VALUE!	#VALUE!
				Total	#VALUE!	#VALUE!	#VALUE!	#VALUE!
			Median Company Financing Size	#VALUE!	Maximum	$-	Smallest	$-
		Distribution of Exit Mechanisms Utilized
			Exit Mechanism	Total Financing Dollars (Cost)	% of Financing Dollars	Number of Exit Events	% of Exits	Total Proceeds	% of Proceeds
		1	Sale	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!
		2	IPO	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!
		3	Write-off	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!
		4	Merger/Acquisition	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!
		5	Distress	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!
		6	Recap	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!
		7	MBO (including ESOPs)	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!
		8	Loan Repayment	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!
			Total	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!
			Total
		Distribution of Company Financings by Stage/Life Cycle
			Stage	Total Financing Dollars	% of Financing Dollars	Number of Companies	% of Companies	Proceeds ($)	% of Proceeds	Residual Values ($)	Residual Cost ($)	Multiple of Cost	Basis of Cost of Proceeds	Realized Gains (Losses)	Unrealized Gains (Losses)	Total Gains (Losses)											Realized Gains	Realized Losses
		1	Later	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Later	$-	$-
		2	Early	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Early	$-	$-
		3	Expansion	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Expansion	$-	$-
		4	Seed	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Seed	$-	$-
		5	Change of Control	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Change of Control	$-	$-
		6	Turn Around	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Turn Around	$-	$-
			Total	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-
		By Industry
			Industry	Total Financing Dollars	% of Financing Dollars	Number of Companies	% of Companies	Proceeds ($)	% of Proceeds	Residual Values ($)	Residual Cost ($)	Multiple of Cost	Basis of Cost of Proceeds	Realized Gains (Losses)	Unrealized Gains (Losses)	Total Gains (Losses)											Realized Gains	Realized Losses
		1	Medical/Health	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Medical/Health	$-	$-
		2	Computer Hardware	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Computer Hardware	$-	$-
		3	Financial Services	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Financial Services	$-	$-
		4	Semi-conductors/Other Electr.	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Semi-conductors/Other Electr.	$-	$-
		5	Communications and Media	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Communications and Media	$-	$-
		6	Business Services	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Business Services	$-	$-
		7	Agriculture/Forestry/Fishing	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Agriculture/Forestry/Fishing	$-	$-
		8	Computer Software	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Computer Software	$-	$-
		9	Internet Specific	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Internet Specific	$-	$-
		10	Biotechnology	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Biotechnology	$-	$-
		11	Manufacturing	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Manufacturing	$-	$-
		12	Computer Other	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Computer Other	$-	$-
		13	Consumer Related	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Consumer Related	$-	$-
		14	Industrial/Energy	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Industrial/Energy	$-	$-
		15	Transportation	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Transportation	$-	$-
		16	Construction	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Construction	$-	$-
		17	Utilities	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Utilities	$-	$-
		18	Other	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Other	$-	$-
				$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-
		By Geographic Region
			Region	Total Financing Dollars	% of Financing Dollars	Number of Companies	% of Companies	Proceeds ($)	% of Proceeds	Residual Values ($)	Residual Cost ($)	Multiple of Cost	Basis of Cost of Proceeds	Realized Gains (Losses)	Unrealized Gains (Losses)	Total Gains (Losses)											Realized Gains	Realized Losses
		1	Southeast	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Southeast	$-	$-
		2	Mid-Atlantic	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Mid-Atlantic	$-	$-
		3	Southwest	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Southwest	$-	$-
		4	Northwest	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Northwest	$-	$-
		5	MidCentral	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										MidCentral	$-	$-
		5	Northeast	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Northeast	$-	$-
		7	Other/Non-US	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Other/Non-US	$-	$-
				$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-
		By Fund Lead Status
			Fund Lead Status	Total Financing Dollars	% of Financing Dollars	Number of Companies	% of Companies	Proceeds ($)	% of Proceeds	Residual Values ($)	Residual Cost ($)	Multiple of Cost	Basis of Cost of Proceeds	Realized Gains (Losses)	Unrealized Gains (Losses)	Total Gains (Losses)											Realized Gains	Realized Losses
		1	Sole VC Investor	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Sole VC Investor	$-	$-
		2	Syndicate Lead	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Syndicate Lead	$-	$-
		3	Syndicate Participant	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Syndicate Participant	$-	$-
		4	Syndicate Co-Lead	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Syndicate Co-Lead	$-	$-
		5	Other	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-										Other	$-	$-
				$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-
		By Financial Status
			Financial Status	Total Financing Dollars	% of Financing Dollars	Number of Companies	% of Companies	Proceeds ($)	% of Proceeds	Residual Values ($)	Residual Cost ($)	Multiple of Cost	Basis of Cost of Proceeds	Realized Gains (Losses)	Unrealized Gains (Losses)	Total Gains (Losses)											Realized Gains	Realized Losses
		1	Above	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-											$-	$-
		2	Loss	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-											$-	$-
		3	Total Loss	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-											$-	$-
		4	Flat	$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-											$-	$-
				$-	#DIV/0!	0	#DIV/0!	$-	#DIV/0!	$-	$-	-	$-	$-	$-	$-

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Sheet 11: Table 2.4 (c)

i												Next Step
		Table F2.4 (c) Portfolio Company Performance Statistics
		SBIC Applicant/Principal: ;
		Gross Financing/Investment Statistics (Before Expenses)
		Total Cost of Investments			$-	Gross IRR (Includes Residual Value)			Err:523
		Total Distributions/Proceeds from Investments			$-
		Total Residual Value of Investments			$-	Distributions to Total Cost/Financing			0.00
		Distributions + Residual Value - Cost			$-	Residual Value to Total Cost			0.00
						Total Value to Total Cost			0.00
		Cost Basis for Investment Proceeds			$-
		Total Realized Gains (Losses)			$-	Residual Value to Residual Cost			#DIV/0!
		By Stage/Life Cycle
								Averages
			Stage	Realized Gains (Losses)	Unrealized Gains	Total Realized & Unrealized Gains		IRR	Distributions to Total Costs	Residual Value to Total Cost	Total Value to Total Cost	Residual Value to Residual Costs	Years to Exit
		1	Seed	$-	$-	$-		0.0%	-	-	-	-	-
		2	Early	$-	$-	$-		0.0%	-	-	-	-	-
		3	Expansion	$-	$-	$-		0.0%	-	-	-	-	-
		4	Later	$-	$-	$-		0.0%	-	-	-	-	-
		5	Change of Control	$-	$-	$-		0.0%	-	-	-	-	-
		6	Turn Around	$-	$-	$-		0.0%	-	-	-	-	-
			Total	$-	$-	$-
		By Industry
								Averages
			Industry	Realized Gains (Losses)	Unrealized Gains (Losses)	Total Gains (Losses)		IRR	Distributions to Total Costs	Residual Value to Total Cost	Total Value to Total Cost	Residual Value to Residual Costs	Years to Exit
		1	Communications and Media	$-	$-	$-		0.0%	-	-	-	-	-
		2	Internet Specific	$-	$-	$-		0.0%	-	-	-	-	-
		3	Computer Hardware	$-	$-	$-		0.0%	-	-	-	-	-
		4	Computer Software	$-	$-	$-		0.0%	-	-	-	-	-
		5	Computer Other	$-	$-	$-		0.0%	-	-	-	-	-
		6	Semi-conductors/Other Electr.	$-	$-	$-		0.0%	-	-	-	-	-
		7	Biotechnology	$-	$-	$-		0.0%	-	-	-	-	-
		8	Medical/Health	$-	$-	$-		0.0%	-	-	-	-	-
		9	Consumer Related	$-	$-	$-		0.0%	-	-	-	-	-
		10	Industrial/Energy	$-	$-	$-		0.0%	-	-	-	-	-
		11	Transportation	$-	$-	$-		0.0%	-	-	-	-	-
		12	Financial Services	$-	$-	$-		0.0%	-	-	-	-	-
		13	Business Services	$-	$-	$-		0.0%	-	-	-	-	-
		14	Manufacturing	$-	$-	$-		0.0%	-	-	-	-	-
		15	Agriculture/Forestry/Fishing	$-	$-	$-		0.0%	-	-	-	-	-
		16	Construction	$-	$-	$-		0.0%	-	-	-	-	-
		17	Utilities	$-	$-	$-		0.0%	-	-	-	-	-
		18	Other	$-	$-	$-		0.0%	-	-	-	-	-
				$-	$-	$-
		By Geographic Region
								Averages
			Region	Realized Gains (Losses)	Unrealized Gains (Losses)	Total Gains (Losses)		IRR	Distributions to Total Costs	Residual Value to Total Cost	Total Value to Total Cost	Residual Value to Residual Costs	Years to Exit
		1	Northeast	$-	$-	$-		0.0%	-	-	-	-	-
		2	Northwest	$-	$-	$-		0.0%	-	-	-	-	-
		3	Mid-Atlantic	$-	$-	$-		0.0%	-	-	-	-	-
		4	Southeast	$-	$-	$-		0.0%	-	-	-	-	-
		5	Southwest	$-	$-	$-		0.0%	-	-	-	-	-
		6	MidCentral	$-	$-	$-		0.0%	-	-	-	-	-
		7	Other/Non-US	$-	$-	$-		0.0%	-	-	-	-	-
				$-	$-	$-
		By Fund Lead Status
								Averages
			Fund Lead Status	Realized Gains (Losses)	Unrealized Gains (Losses)	Total Gains (Losses)		IRR	Distributions to Total Costs	Residual Value to Total Cost	Total Value to Total Cost	Residual Value to Residual Costs	Years to Exit
		1	Syndicate Lead	$-	$-	$-		0.0%	-	-	-	-	-
		2	Syndicate Co-Lead	$-	$-	$-		0.0%	-	-	-	-	-
		3	Syndicate Participant	$-	$-	$-		0.0%	-	-	-	-	-
		4	Sole VC Investor	$-	$-	$-		0.0%	-	-	-	-	-
		5	Other	$-	$-	$-		0.0%	-	-	-	-	-
				$-	$-	$-
		By Financial Status
								Averages
			Financial Status	Realized Gains (Losses)	Unrealized Gains (Losses)	Total Gains (Losses)		IRR	Distributions to Total Costs	Residual Value to Total Cost	Total Value to Total Cost	Residual Value to Residual Costs	Years to Exit
		1	Above	$-	$-	$-		0.0%	-	-	-	-	-
		2	Flat	$-	$-	$-		0.0%	-	-	-	-	-
		3	Loss	$-	$-	$-		0.0%	-	-	-	-	-
		4	Total Loss	$-	$-	$-		0.0%	-	-	-	-	-
				$-	$-	$-	Average

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Sheet 12: Table 2.4 (d)

i

Next Step

Table F2.4 (d) Graphics

SBIC Applicant/Principal: ;

PORTFOLIO INVESTMENTS BY FINANCIAL STATUS

Total Number of Investments

0

Total Financing Costs to Date

$-

PORTFOLIO COMPANIES BY REGION

Total Number of Investments

0

Total Financing Costs to Date

$-

PORTFOLIO INVESTMENTS BY COMPANY

Total Financing Costs to Date

$-

Total Proceeds

$-

Total Realized Gains (Losses)

$-

Legend of top 14 companies by cost.

PORTFOLIO INVESTMENTS BY INDUSTRY

Total Financing Costs to Date

$-

Total Proceeds

$-

Total Realized Gains (Losses)

$-

PORTFOLIO INVESTMENTS BY STAGE

PORTFOLIO INVESTMENTS BY FUND LEAD STATUS

Legend of Stages

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Sheet 13: Table 2.4 (e)

i

Table F2.4(e) - Overall Fund Statistics

As of Date:

12/1899

SBIC Applicant/Principal: ;

Number of Investments:

0

FUND SUMMARY STATISTICS

Net Financing/Investment Statistics (After Management Expenses)

Total Takedowns/Paid-In Capital

$-

Total Distributions (After Carry)

$-

Total Residual Value

$-

Distributions + Residual - Take-downs

$-

Venture Comparison

Net IRR (Includes Residual Value)

Err:523

#N/A

Distributions to Paid In Capital

#DIV/0!

#N/A

Residual Value to Paid in Capital

#DIV/0!

Total Value to Paid in Capital

#DIV/0!

Vintage Year of Fund

Age of Fund (Years After Start or until closed)

#VALUE!

Years to Payback

#DIV/0!

Total Management Fees and Carry

Management Fees

$-

Carried Interest

$-

Residual Value Carry

$-

Total

$-

Principal's Activity

Pre-Investment

Post-Investment

Deal Lead

Top Ranking Officer Replaced

Deal Co-Lead

Board of Directors

Deal Source

Committees

Financial Analysis

Exit Process

Market Research

Workouts, etc..

Lead Due Diligence

Officer of the company

Investment Committee

Negotiation

Closing

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Sheet 14: File Name Help

File Name Help

Return to Instructions

Select type of Exhibit

2

F2

Complete

Complete

Exhibit F2 - Complete.xls

If you were with a venture fund for the entire fund's life or if fund is still ongoing.

F3

Partial

Partial

Exhibit F3 - Partial.xls

If you were with a venture fund for only part of the fund's timeframe.

10 character name acronym identifying your applicant name

New Ven II

F4

Synthesized

Syn

Exhibit F4 - Synthesized.xls

Groups of separate investments not done within a single venture fund. Investments must be at least $250,000 by total company financing OR a minimum of $100,000 with a board seat.

F5

Other

Other

Exhibit F5 - Other.xls

All other investments.

First Year of Investment for this Fund or Group

1994

First and last name initials for each principal for which the workbook applies (separated by commas)

TJ

Date when this report was prepared

9/30/2003

Resulting File Name:

F3-New Ven II; Partial1994; TJ; 20030930.xls

F3-New Ven II; Partial1994; TJ; 20030930.xls