| Security | Shares | Book Value | Market Value |
|---|
|
| 1818 FUND II LP | 16,105,196.01 | 16,105,196.01 | 4,067,701.11 |
| AP INVESTMENT EUROPE LTD | 51,190,973.61 | 75,050,224.07 | 68,904,959.80 |
| BANC OF AMERICA CAL COMM | 50,973,828.48 | 50,973,828.48 | 41,941,214.00 |
| CALIFORNIA COMMUNITY FINL | 1.00 | 1.00 | 104,930.00 |
| CARLYLE CAPITAL CORPORATION | 25,000,000.00 | 25,000,000.00 | - |
| CARLYLE EUROPE REALTY PARTNERS | 18,688,363.55 | 22,624,969.98 | 37,506,262.02 |
| CARLYLE REALTY III LP | 18,693,737.00 | 17,810,921.00 | 26,950,824.00 |
| ESP GOLDEN BEAR EUROPE FUND | 44,500,000.00 | 67,450,912.64 | 68,025,776.16 |
| FAIRVIEW CAPITAL II LP | 35,272,078.00 | 35,272,078.00 | 1,107,395.68 |
| FAIRVIEW CAPITAL II LP | 39,080,022.00 | 39,080,022.00 | 4,041,750.40 |
| KPS SPECIAL SITUATIONS FND III | 7,500,412.25 | 7,500,412.25 | 11,376,196.00 |
| PARISH CAPITAL 1 | 30,066,586.00 | 30,066,586.00 | 31,990,333.00 |
| PARISH CAPITAL II | 27,278,241.00 | 27,278,241.00 | 24,930,700.00 |
| YUCAIPA AMERICAN SPECIAL SIT | 37,737,208.91 | 37,737,208.91 | 19,172,162.00 |
| | | |
| Total | | $451,950,601.34 | $340,120,204.17 |
| |
|
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