| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ADM HOLDINGS LLC | 6,391 | 6,391 | 0 |
| STONE ARCH CAPITAL II | 517,154 | 340,467 | 236,211 |
| CVE-KAUFFMAN | 1,275,379 | 479,790 | 1,338,528 |
| PHOENIX VENTURE | 20,990 | 22,278 | 22,278 |
| NEW VENTURE PARTNERS IV | 139,594 | 139,408 | 176,069 |