Direct Investments

 Fund  Strategic
 Focus
 Geographic
 Focus
 Inception  Outstanding
 Commitments
 in CHF mio

 Fair Value
 in CHF mio

 Advanstar Communications
 Buyout  North Am.
 2007    0.1
 AMF Bowling Worldwide
 Buyout  North Am.  2004    0.9
 Body Central
 Buyout  North Am.
 2006    3.9
 Bell-Riddell Holdings
 Buyout
 North Am.
 2006    0.9
 Falcon Farms
 Buyout  Emerging Markets  2007    1.0
 Flint Group (fka.Xsys/Aster)  Buyout  Global  2004    1.7
 Hertz  Buyout  North Am.
 2005    1.9
 Knowledge Universe Education
 Buyout  North Am.
 2007    6.5
 National Bedding Company
 Buyout  North Am.
 2005    0.8
 NXP Semiconductors  Buyout  Global  2006    1.4
 SunGard Data Systems
 Buyout  North Am.
 2005    1.0
 Thomas Nelson Publishing
 Buyout  North Am.
 2006    7.9
 United Surgical Partners International
 Buyout  North Am.
 2007    1.9
 Subtotal Direct Investments
         29.9
 As % of Total Assets
         6.3%
 


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