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Investor Presentaiton

Developed Public Markets with Significant Expansion Room on the Private Market GP Investments Brazilian Capital Markets Window is open (Number of Offerings 2004-2008) Number of offerings Volume (US$ billion) 52 18 13 2.8 94-03 2004 2005 76 42 38.3 14.0 5.9 2006 15 21.3 2007 2008 Source Venture Equity Latin America/ EMPEA PE Funds Raised for Latin America (1993–2008, US$ million) Financial Crisis in Brazil 3,664 Financial Crisis in Mexico 3,356 1,516 827 847 123 1993 1994 Number of Funds Raised 2 4 2,637 Argentina Default 1,750 714 624 407 417 Record year for the region Global Crisis 4,654 2,272 3,209 1,981 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 1H08 9 11 16 23 22 28 17 14 11 12 20 21 29 17 Two important phases in Latin American Countries attracted Private Equity Firms: 1994-1999 and 2005-2007 Source: Venture Equity Latin America/ EMPEA 4
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