Peninsula Capital Partners, L.l.c.

Peninsula Capital Partners, L.L.C. is an SEC-registered investment adviser established in 1995, specializing in providing investment management services to committed, closed-end mezzanine capital investment partnerships. The firm's expertise lies in private equity and private debt investing, with a focus on subordinated debt and structured equity investments in lower-middle and middle-market operating companies in the U.S. and Canada. Peninsula manages four mezzanine capital investment partnerships, each structured as limited life investment partnerships. The firm's investment strategy aims for current income production and long-term capital appreciation through investments in profitable, well-managed middle-market companies. Peninsula charges management fees based on the Partnership's aggregate committed capital during the deployment phase and net outstanding invested capital thereafter. The firm may also receive performance fees based on realized profits, subject to Limited Partners achieving a minimum preferred return. Peninsula's investment process involves thorough due diligence, financial and operational analyses, and ongoing monitoring of Portfolio Companies. The firm's Code of Ethics ensures ethical conduct, and its investment professionals have personal investments in the Partnerships alongside Limited Partners. Peninsula has custody of client assets and exercises investment discretion on behalf of the Partnerships. The firm votes proxies in the best interest of the Partnerships and does not earn fees exceeding $1,200 more than six months in advance of services rendered.