Pangaea’s asset management experience is presented below:

Legal Name

Role

Size

Vintage

Targeted Collateral

Pangaea CLO 2007-1

Manager

$300MM

2007

100% Senior Secured Loans

Sargas CLO I 1

Manager

$314MM

2006

100% Senior Secured Loans

Sargas CLO II 2

Manager

$400MM

2006

100% Senior Secured Loans

Merrill Lynch CLO 2007-1 3

Sub-manager

$400MM

2007

100% Senior Secured Loans

1 f/k/a CS Advisors CLO I

2 f/k/a DeMeer Middle Market CLO 2006-1

3 Appointed Sub-Manager by 250 Capital, LLC in February 2008.  250 Capital, LLC resigned as manager in December 2008 and sub-management agreement was terminated in March 2009.

Prior to joining Pangaea, Members of the Pangaea team have managed collateral across seven CDO/CLO transactions and three separate accounts from 1999 to the present.

Legal Name

Role

Size

Vintage

Targeted Collateral

Antares Funding

Manager

$600MM

1999

75% Senior Secured Loans, 25% High Yield Bonds

Nova CDO 2001

Manager

$300MM

2001

33% Senior Secured Loans, 67% High Yield Bonds

Mariner CDO 2002

Manager

$400MM

2002

100% Senior Secured Loans

Navigator CDO 2003

Manager

$450MM

2003

100% Senior Secured Loans

Navigator CDO 2004

Manager

$500MM

2004

100% Senior Secured Loans

Navigator CDO 2005

Manager

$500MM

2005

100% Senior Secured Loans

Navigator CDO 2006

Manager

$400MM

2006

100% Senior Secured Loans