Washington, D.C., May 2011

HCI Equity Partners (“HCI”) has been formed by the Managing Partners and investment team of Thayer | Hidden Creek Partners to assume the management of the funds and operations of Thayer | Hidden Creek Partners. HCI was formed to better reflect the heritage of the team and strategy which originated with the founding of Hidden Creek Industries in 1989.

For the past 22 years, the HCI team has employed its extensive operating capabilities in partnership with proven managers of industrial growth companies to generate attractive risk adjusted returns for investors. Through its disciplined execution of this strategy, the HCI team has grown to include ten principals managing funds with approximately $1.3 billion of commitments. Dan Dickinson, Doug McCormick and Scott Rued will continue to lead the HCI team as Managing Partners and are complemented by the same investment professionals with deep operating and investing experience that have led Thayer | Hidden Creek.

HCI’s latest fund, HCI Equity Partners III, L.P., was raised in September 2010 to continue the team’s strategy of actively managing successful middle market industrial growth companies. Berchwood Partners assisted HCI in this successful fundraising effort.