DeltaPoint Capital Management, LLC Announces New Private Equity Fund

ROCHESTER, NY, November 20, 2009-- DeltaPoint Capital Management, LLC ("DeltaPoint") announces the first closing of its newest private equity fund offering, DeltaPoint Capital IV, L.P. ("Fund IV"). Fund IV is the fourth pool of capital managed by DeltaPoint, a Rochester, NY-based private equity fund manager. Fund IV's initial close represents aggregate committed capital of more than $50 million (including amounts committed through parallel funds) and DeltaPoint is targeting a final close of between $100 million and $125 million.

Following the success of its predecessor fund, DeltaPoint Capital III, L.P., ("Fund III"), Fund IV will make buyout and growth equity investments in strategically positioned businesses throughout the northeast United States. Fund IV's first close includes a commitment from the New York State Common Retirement Fund. At $126 billion, the New York State Common Retirement Fund is one of the largest public pension funds in the world, and Thomas P. DiNapoli, New York State Comptroller, is its sole trustee. The balance of Fund IV's committed capital has been raised among a number of institutional investors, family offices, and individuals.

"The New York State Common Retirement Fund and DeltaPoint Capital have a track record of success when it comes to investing in New York-based companies," DiNapoli said. "New York businesses will continue to benefit from DeltaPoint and the Common Retirement Fund's partnership through Fund IV and our In-state Private Equity Program."

"Now more than ever, we feel that we're well positioned to have a very positive impact on the business landscape throughout the northeast United States," said David Waterman, Managing Director of DeltaPoint. "We look forward to deploying capital in underserved markets in an effort to help provide economic stability in the region and grow employment numbers, especially in New York State."

Fund IV plans to invest in as many as fifteen businesses over the next six years. U.S. Census Bureau data indicates that there are more than 25,000 businesses in the northeast United States that fit DeltaPoint's investment criteria. Many of those companies will seek capital to fund growth or recapitalizations of their businesses in the next several years, and Fund IV is well positioned to invest in these companies.

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