Aerospace Distributors, Inc. ("ADI") - Fort Worth, TX. ADI acquired the common stock of Graco Supply Company ("Graco") of Fort Worth, TX. Graco is a distributor of specialty supplies primarily consumed in the manufacturing, repair and refurbishment of aircraft. IBCF joined Mr. Tim Holland, CEO of ADI, to provide the capital for this $7.2 million leveraged buyout transaction. The Fund provided $2.5 million of equity and subordinated debt financing.

Alsay Water Development, LLC (“AWD”) – Houston, TX. AWD acquired the common stock of Alsay Incorporated (“Alsay”). Alsay is a leading provider of municipal and industrial water well drilling and servicing to cities, municipalities and municipal utility districts in the Houston and San Antonio markets. The Fund provided $3.0 million of equity financing.

C & G Supply, L.L.C. - Fort Worth, TX. C & G is one of the largest pipe, valve, and fittings distributors, primarily serving the Tarrant county area. The Fund provided $1.25 million of preferred unit financing to enable the company to accelerate it's growth and expansion.

DFMC Corporation - Carrollton, TX. DFMC is a leading provider of forms design, management and fulfillment services to banks in the southwestern United States. The Fund provided $2 million of preferred stock financing to effect the recapitalization of the business.

ErgoGenesis, LLC (“Ergo”) – Navasota, TX. Ergo acquired certain assets of BodyBilt, through a private foreclosure transaction from a lender to the parent. Ergo manufactures and markets customized ergonomic office chairs. The Fund provided $2.5 million of equity and subordinated debt financing.

Granite & Marble Holdings, Inc. ("GMH")--Dallas, TX. GMH acquired the common stock of IMC, Inc. of Dallas, TX and IMCA, Inc. of Phoenix, AZ (collectively "IMC"). IMC is in the business of importing and distributing natural stone products, such as marble and granite, for use primarily in the building, construction and remodeling trades. The Fund’s investment manager sponsored the approximate $27 million transaction, and the Fund provided $2.7 million of equity and subordinated debt financing as lead investor.

GranQuartz Holdings, LLC (“Holdings”) – Tucker, GA. Holdings acquired the partnership interests of GranQuartz, LP (“GranQuartz”). GranQuartz is a stone tool distributor located in Tucker, GA (a suburb of Atlanta). GranQuartz sells tools, equipment and supply items to the natural stone market in North America. The Fund’s investment manager sponsored the recapitalization, and the Fund provided $2.0 million of equity as lead investor.

Home Healthcare Partners, LLC (“HHP”) – Dallas, TX. HHP is an acquirer and operator of Medicare certified home healthcare agencies in Texas, Louisiana and Oklahoma. The Fund provided $1.8 million to consummate HHP’s initial three acquisitions.

Perfect Performance Products, L.L.C. - Fort Worth, TX. The primary business of Perfect Performance is the manufacture of specialty electrical wiring harnesses for the automotive after-market. The Fund provided $1.8 million of preferred unit financing.