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About IFF

FUND MANAGEMENT

As in Manager of the Fund, activities performed by CFIG, which is the manager of the fund and the fund investment group of Credit Suisse, will include sourcing premier funds, performing comprehensive due diligence, investment execution, and monitoring and reporting. With over $8.6 billion in private equity fund of funds commitments, CFIG is one of the largest and most experienced fund of funds managers. CFIG investment professionals have extensive backgrounds in managing private equity portfolios at leading public and corporate pension plans. These individuals represent over eighty years of private equity fund investing at some of the leading public and corporate pension plans and some of the world's largest financial institutions. The CFIG investment professionals have invested in more than 50 life science funds over the course of their careers, and have a strong network of contacts in the life sciences community.

MICHAEL W. ARPEY

Managing Director, Head of Customized Fund Investment Group (CFIG)

Mr. Arpey is the head of the Customized Fund Investment Group. Previously, Mr. Arpey was responsible for oversight of Prudential Insurance Company of America's Private Equity Group. Mr. Arpey also had primary responsibility for managing Prudential's fund investment group. Mr. Arpey joined Prudential in 1999 as a Private Equity Specialist. Previously, Mr. Arpey was Director of Alternative Investments for the New York State Common Retirement Fund, where he managed a $7 billion private equity portfolio. Prior to that, Mr. Arpey was General Counsel to the State Treasurer of Pennsylvania. He was appointed by the State Treasurer as her designee to both the Pennsylvania Public School Employee Retirement System and the State Employees Retirement System. Mr. Arpey received a Bachelor of Science degree with cum laude distinction from St. Lawrence University in 1985 and a Juris Doctor degree from the Dickinson School of Law in 1988.


KELLY M. WILLIAMS

Managing Director, Customized Fund Investment Group

Ms. Williams is a Managing Director in the Customized Fund Investment Group. Previously, Ms. Williams was an Executive Director with the Prudential Insurance Company of America's Private Equity Group. At Prudential, Ms. Williams was responsible for investing in private equity funds on behalf of Prudential and its clients. She also had oversight responsibility of Prudential's portfolio of over 70 venture capital funds. From 1996 to mid-1999, Ms. Williams was primarily responsible for product and business development, as well as legal support, for Prudential's Private Equity Group, during which period she was responsible for the development of eight private equity funds globally. Ms. Williams joined Prudential in 1993 as counsel for a Prudential unit that specialized in providing private debt and equity for global infrastructure projects. Prior to joining Prudential, Ms. Williams was an associate with the New York law firm, Milbank, Tweed, Hadley and McCloy, where she specialized in global project finance. Ms. Williams graduated magna cum laude from Union College in 1986 with a Bachelor of Arts degree in Political Science and Mathematics and received her Juris Doctor degree from New York University School of Law in 1989.


NADIM M. BARAKAT

Managing Director, Customized Fund Investment Group

Mr. Barakat is a Director in the Customized Fund Investment Group, responsible for sourcing and conducting due diligence on private equity investments. Mr. Barakat joined DLJ in January 1999 where he was a Vice President. Prior to that, Mr. Barakat was in the mergers and acquisitions group of Chase Securities from 1994 to 1997 and with a venture capital group in 1998. Mr. Barakat received a Bachelors of Science degree in Systems Engineering from University of Virginia in 1994.


DAVID M. RUSSELL

Managing Director, Customized Fund Investment Group

Mr. Russell is a Director in the Customized Fund Investment Group, primarily responsible for Product Management for the Fund Investment Group. Previously, Mr. Russell was Managing Attorney for the New York State Common Retirement Fund, where his responsibilities included negotiating private equity partnership investments by the $8 billion Division of Private Equity, and structuring customized venture, buyout and co-investment funds. Prior to that, Dave was a Corporate Securities Associate with the New York law firm, Seward & Kissel, where he specialized in the formation of mutual funds and hedge funds.


MARK T. REGAL, CFA

Director, Customized Fund Investment Group

Mr. Regal is a Vice President in the Customized Fund Investment Group. Previously, Mr. Regal was a Senior Associate in the Prudential Insurance Company of America's Private Equity Group and had responsibility for reviewing Prudential's private equity fund investments. Prior to joining Prudential, Mr. Regal was employed by BankAmerica Capital Corporation, where he was charged with the day-to-day responsibilities of its venture capital fund portfolio. Prior to that, Mr. Regal was an Analyst for Alternative Investments at the Minnesota State Board of Investment. Prior to that, Mr. Regal was employed at the Minneapolis law firm of Popham Haik Schnobrich & Kaufman. Mr. Regal received a Bachelor of Science with honors in Economics in 1991 and an M.B.A. in 1995, both from the University of Minnesota. He is a Chartered Financial Analyst, a member of the Association for Investment Management and Research (AIMR) and a member of the New York Society of Security Analysts.


BERNARD E. YANCOVICH

Director, Customized Fund Investment Group

Mr. Yancovich is a Vice President in the Customized Fund Investment Group. He is primarily responsible for conducting due diligence on private equity investments. Previously, Mr. Yancovich was an Investment Banking Associate at DLJ and Credit Suisse. Prior to joining DLJ, Mr. Yancovich performed transaction advisory services for KPMG in France.


CARA C. PRIESTLEY

Associate, Customized Fund Investment Group

Ms. Priestley joined the Customized Fund Investment Group in August 2002, after completing the Investment Banking Analyst training program. Previously, she was a Summer Analyst with Salomon Smith Barney's Real Estate Investment Banking Group. She received a BA degree from Seattle University.