JINA VENTURES INC

Term: September 2005 &#8211; July 2008
Size: Drawdown $50 million from one LP (Japanese private family)
Summary: $1M - $5M investments for minority stakes in Indian private companies and small/mid cap public companies
Industries: Manufacturing, Infrastructure Services and Energy Enablers
Investments: 12 investments in India, with 11 exits completed in less than 3 years
Exit Strategy: Jina obtained exits through the following routes &#8211; institutional trade sale (secondary), open market sale (PIPE), promoter buy-back and pre-IPO sale

Fund I
Jina’s first investment fund was an India-focused fund with the following strategy:

Term	September 2005 – July 2008
Size	Drawdown $50 million from one Japanese LP
Summary	$1M - $5M investments for minority stakes in Indian private companies and small/mid cap public companies
Industries	Manufacturing and Infrastructure Services
Exit Strategy	Jina obtained exits through the following routes – institutional trade sale (secondary), open market sale (PIPE), promoter buy-back and pre-IPO sale
Performance	12 investments in India, with 11.4 exits achieved. The fund boasts top quartile performance and one of the highest liquidity/realization rates in the Indian PE industry

Fund II
Jina’s second investment fund is an India – centric fund, with the following strategy:

Anticipated Closing	2010
Anticipated Size	$200 million from institutional investors in Europe, Middle East, Asia and USA
Industries	Life Science Services, Manufacturing Services and Infrastructure Services
Target Companies	“Platform Businesses” which are highly scalable and exportable to the international market Excellent management team with track record of high return on capital Mature service business (revenue north of $30M) with an established plan to expand into international markets Superior corporate governance and transparency norms, previous institutional ownership preferred Proprietary technology and/or processes
Jina Value-Add	Jina shall assist portfolio companies with completing specific strategic transactions in the international market, including M&A, technology acquisitions, joint ventures or establishing overseas marketing offices. Jina shall also assist portfolio companies with improving corporate governance The investment objective is to enhance the portfolio company’s value to strategic acquirers and thus generate over sized returns irrespective of the exit vehicle.