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INVESTMENT TEAM   
 
The overall investment perspective of the firm balances a fundamentally conservative approach to situations that provide the opportunity to achieve superior risk-adjusted returns on invested capital. Stonehill-PRM's Partners have enjoyed long-standing business and personal relationships. They have successfully completed numerous co-investment and development transactions over the last 15 years. The following Biographical Notes profile the Partners' investment, development and capital markets experience as well as their primary responsibilities on behalf of the partnership.