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        <td scope="col" align="center" style="font-family:Calibri; font-size:14px; color:#000; font-style:bold; padding-bottom:10px; padding-top: 10px;">Having trouble seeing this email? <a href="http://www.1stdirect.com/emails/trinity/index.html" target="_blank">View it in your browser.</a></td>
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        <td width="750" scope="col" align="center"><div align="center"><img src="http://img252.imageshack.us/img252/9227/trinityy.jpg" width="376" height="99" /></td>
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        <td valign="top" bgcolor="#4f81bd" height="75" style="padding-left:10px; padding-right:10px; padding-top:10px; font-family:Calibri; font-size:20px; color:#FFF; font-style:bold;" scope="col" align="center"><p><strong>Trinity Hunt Partners IV makes its  first investment: Equivalent Data (EQD) <br />
          Closing Date: May 15, 2012</strong></p></td>
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          <p style="font-family:Calibri; font-size:16px; padding-top:25px; color:#039" ><img src="http://img252.imageshack.us/img252/1087/equivalentdata.jpg" width="193" height="94" align="right" style="margin-right:20px;" />Trinity Hunt Partners is pleased to announce a $16 million investment in Equivalent Data (EQD), a Houston-based company providing legal process outsourcing and eDiscovery services to law firms and corporate legal departments nationwide.
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          <p style="font-family:Calibri; font-size:19px; padding-top:10px; color:#000"><strong>INVESTMENT HIGHLIGHTS</strong></p>
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<p style="font-family:Calibri; font-size:16px; padding-top:10px; color:#000; line-height:100%"><strong>A  Fast-growing Industry &amp; Company</strong></p>
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            <li style=" margin-left:0em; padding-left:0em;">Expansive growth in the eDiscovery and  legal process outsourcing (LPO) services industry driven by proliferation of e-data </li>
            <li>For the past three years EQD&rsquo;s EBITDA has grown at an annual rate of 14%          </li>
            <li> EQD&rsquo;s proprietary NeedleFinder  platform is best in class
              
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          <p style="font-family:Calibri; font-size:16px; padding-top:5px; color:#000" ><strong>Attractive Purchase Metrics</strong></p>
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            <li> 6.6x  LTM EBITDA; debt is less than 3x
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            <li> Fund  IV invested $16 million of preferred equity for 78% interest</li>
            <li>   EQD&rsquo;s management team will retain a 20% ownership stake
              
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          <p style="font-family:Calibri; font-size:16px; padding-top:5px; color:#000" ><strong>Thesis</strong></p>
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            <li> THP  attracted by eDiscovery  sector growth (15% per annum) and continuing thematic focus on LPO industry  following its successful Fund III investment in NDEx  (2006)</li>
            <li>  Talented&nbsp; &amp; motivated EQD management  team 
              
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          <p style="font-family:Calibri; font-size:16px; padding-top:5px; color:#000" ><strong>Plan for Growth</strong></p>
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            <li> THP  will help the Texas-based EQD to expand its operations regionally, pursue  acquisitions to scale              the business, develop its brand and expand its sales force          <br />
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            <p style="font-family:Calibri; font-size:18px; color:#FFF"><strong>About Trinity Hunt Partners IV,  L.P.</strong></p>
              <p style="font-family:Calibri; font-size:16px; color:#FFF">Trinity Hunt IV is a private equity  fund making investments in business services, healthcare services and  industrial products and services in the Southwest region of the U.S.&nbsp; The Fund is targeting $250 million and has  closed on $100 million to date. </p>
              <p style="font-family:Calibri; font-size:16px; color:#FFF"><strong>For more information, please visit: </strong><br />
                <a style="text-decoration:none; color:#FFF" href="http://www.trinityhunt.com">www.trinityhunt.com</a></p></td>
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            <td scope="col" bgcolor="#4f81bd" style="font-family:Calibri; font-size:12px; color:#FFF; padding-bottom:10px"><div align="center"><a style="color:#FFF" href="mailto:sac@berchwoodpartners.com?subject=UNSUBSCRIBE">unsubscribe</a></div></td>
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