The key to our longevity and success is our team. Although each member of the team � investment or operations � has extensive experience in the�alternative investment�marketplace, the real strength comes from the way we work together.

Most of our partners have worked together for a decade or more. During that time we have established a unique environment, where team members both specialize and overlap in expertise and assignments. With�numerous team members actively involved in every investment, we have established a set of checks and balances that allows us to simultaneously ensure each fund�s performance while providing the highly interactive investor relationships our�investors have come to expect.

Patrick J. Halloran � Managing Partner
Mr. Halloran oversees all Wayzata Funds and has managed the group since 1990. From 1986 to 1989, Mr. Halloran was a member of Dean Witter Reynolds� Corporate Finance Department. Prior thereto he was a consultant with Arthur Andersen & Co. Mr. Halloran received his Masters Degree in accountancy from the University of North Dakota and a B.S. in Business Administration from North Dakota State University. He is a Certified Public Accountant (inactive). Mr. Halloran is a Director of� Mastercraft Boat Company, LLC�and Arrow Shed Holdings.

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John E. Foley � Partner
Mr. Foley manages Investor Relations in addition to performing investment analysis on potential opportunities in the alternatives arena.� Prior to joining the group in 1996, Mr. Foley had been a Financial Services Representative for New York Life and a foreign exchange trader for BSI New York and JP Morgan. Mr. Foley holds an M.B.A. from the Tuck School at Dartmouth College and a B.A. from Amherst College. Mr. Foley is a Director of Anchor Glass Container Corp. and RathGibson Inc.
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Joseph M. Deignan � Partner
Mr. Deignan assists in managing the investment portfolios and oversees the credit research function at Wayzata. Prior to joining the group in 1997, he was a member of the Wessels, Arnold & Henderson investment banking team in Minneapolis. Mr. Deignan graduated with a B.A. in economics from St. John's University and holds an M.B.A. from the Carlson School of Management at the University of Minnesota.� Mr. Deignan is a Board Director for Neff Rental LLC, Merisant Company, Mastercraft Boat Company, Atlantic Express Transportation Corp., and Propex Holding, LLC.
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Mary I. Burns � Partner
Ms. Burns is responsible for the operational activities and financial reporting of the Wayzata Funds and serves as Chief Financial Officer for the partnership. Prior to joining the group in 1997, Ms. Burns managed the operations and customer service areas at Cargill Investor Services and was previously a member of the Cargill Financial Markets Group and Audit Department. Ms. Burns holds a B.S. in Accounting from the University of Northern Iowa and is a certified public accountant (inactive).
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Blake M. Carlson � Partner
Mr. Carlson�sources and evaluates investment opportunities in the mining, metals and energy sectors.� Mr. Carlson received a B.S. with high distinction and an M.B.A. from the Carlson School of Management at the University of Minnesota.� Mr. Carlson oversees the energy operating partner relationships and sits on the Board of Directors at Stallion Oilfield Services Ltd., and Marlin Offshore.

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John D. McEvoy � Partner
Mr. McEvoy has sourced and analyzed investments in the telecom and aviation sectors since joining the group in 2003. From 2000 to 2003, Mr. McEvoy was a Managing Director for Lehman Brothers, serving ultimately as co-head of a London-based private equity team focused on communications and media. Prior thereto Mr. McEvoy was both a Principal and Partner at Soros Fund Management responsible for certain investments of Quantum Industrial Holdings. Mr. McEvoy holds an M.S. from MIT�s Sloan School and a B.A. from Brown University. Mr. McEvoy is a Director of� East Shore Aircraft, LLC and Jet Engine�Holding.�
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