Since its inception Brynwood Partners has successfully and consistently applied its original strategy of portfolio investing.

The key components of this strategy are:

• Obtaining outright or operating control of a limited number of platform companies
• Using conservative leverage
• Identifying niche market opportunities for the portfolio companies
• Building long-term value through hands-on involvement in developing the business strategy
• Working closely with the portfolio companies to drive operational improvements, identify strategic growth initiatives and monitor management’s performance

While the Fund will consider investments in a diverse range of industries, Brynwood's primary focus is on consumer products, light manufacturing in low capital intensive industries, service businesses and specialty retail companies. Brynwood targets companies that are underperforming and/or undervalued, failed leveraged buy-outs or companies that are under-financed and in need of an equity infusion. Brynwood’s investments have consistently adhered to this investment strategy as shown below:

Types of Investments

Underperforming Companies DeMet's Candy Company (BP V) Richelieu Foods (BP V)     Stella D'oro (BP V) Lincoln   Snacks ** (BP III)   Genie   Company ** (BP II)   J.B.   Williams ** (BP II)	Good Companies to Build and Upgrade IJS Global (BP V) Metro Door (BP V) S. Walter (BP V) Boon Edam Tomsed (BP IV & V)     G & T (BP IV)     Utrecht** (BP III)
Failed LBOs Best Friends (BP IV) **Divested	.Equity Infusions AEI** (BP I & II) Hurco** (BP I & II)