Charles D. Martin is the Chairman, CEO and Chief Investment Officer of the Management Company. In this capacity he bears the responsibility for the investment strategy and performance of the Fund.

Mr. Martin is a highly seasoned investor in a broad range of asset classes, but particularly in the corporate equities world. He has been an active investor in the stock market for over 40 years. He founded Enterprise Partners in 1984, the largest venture capital firm in Southern California, and served its managing partner until his retirement in 1999. During the term of his management the funds operated by the firm were among the best performing venture capital funds in the nation. In 1987 Mr. Martin founded Westar Capital, a buyout/private equity investment firm, and was active in its leadership until his retirement in 2000. During the period of his leadership, the firm produced exceptional investment returns. Mr. Martin was also the co-owner of TEC International, an international membership and management development organization for company Presidents and CEOs over a period of approximately 25 years until its merger into Knowledge Universe in 1998. From 1976 to 1984 he operated a consulting practice in corporate strategy and mergers & acquisitions. Mr. Martin currently serves on the Regent’s Investment Advisory Committees for the University of California and the Investment Committee for the University of California, Irvine, and previously Chaired the Investment Committee for Chapman University. Early in his career, Mr. Martin served in various senior executive roles with companies in the electronic systems and computer services industry: Systems Engineering Lab (co-founder/CEO), Systems, Science & Software and Systems Development Corporation (SDC, spun off from the RAND Corporation).

Christopher L. Ainsworth is the COO/CFO/CCO of the Management Company. In this capacity he bears the responsibility for all non-investment related activities of the firm including compliance, investor relations, accounting, tax matters, facilities, human resources and fund marketing.

Mr. Ainsworth has extensive experience in the administrative and operational aspects of the hedge fund industry. Chris joined Mont Pelerin Capital following a career at Bank of America as a Director, Alternative Investment Group, where he had substantial responsibilities for the Bank’s hedge fund operations in addition to global asset allocation strategies in private equity, real estate and all hedge fund strategies from fund of funds to single manager funds. Other duties included developing platforms for private hedge fund of funds accounts ($50 million minimum) and strategies to make hedge funds tax efficient. Mr. Ainsworth was also responsible for the Alternative Investment Groups relationships with other divisions of the Bank including Banc of America Investment Services, Inc. At Bank of America he helped grow the alternatives business from $100 million in seed capital to over $3.5 billion in just over three years.

Prior to joining Bank of America, Mr. Ainsworth was a co-founder and portfolio manager for PAINT Master Fund and PAINT Management Company (Cayman) which managed equity portfolios for European based clients and funds. Earlier in his career he was an account executive with Morgan Stanley Dean Witter. He earned a Bachelor of Science degree in Economics with Finance from Southern Methodist University.

Michael A. Cancelleri is the Senior Vice President and Portfolio Manager of the Investment Fund. Mr. Cancelleri has worked as the principal research analyst and portfolio manager for Polaris Capital, Mr. Martin’s investment program for the past six years. In that capacity, he assisted in the development, testing and refinement of the Polaris model and investment system as well as its implementation. His duties also include financial modeling, performing detailed securities research and quantitative analysis for all candidate investments, as well as performing ongoing due diligence and maintenance of all portfolio companies. Also, he has assisted Mr. Martin on his investment program in other asset classes, including domestic and international fixed income, venture capital, private equity and real estate.

Earlier in his career Mr. Cancelleri worked for Pacific Investment Management Company (PIMCO), the world’s leading fixed income investment management firm as a Senior Compliance Officer. Before that he was employed as a Competitive Intelligence Analyst for Ingram Micro Corporation, the world’s largest distribution company of information technology products.

Mr. Cancelleri earned his Master’s in Business Administration (MBA) with a concentration in Finance from the Paul Merage School of Business at the University of California, Irvine. He earned his undergraduate degree in Business Administration with an emphasis in Finance from the George L. Argyros School of Business and Economics at Chapman University.

Justin Vaicek has joined Mont Pelerin Capital effective in July, 2005. Justin has approximately twelve years of experience in various financial capacities. This experience includes investment industry experience at Smith Barney, Wedbush Morgan Securities, CIBC World Markets, and Roth Capital Partners. In these positions, he was responsible for equities research, due diligence and financial analysis of public securities. Mr. Vaicek was a Wall Street Journal All-Star Analyst in 1999. He has also gained operating experience serving as the Vice President of Finance and/or CFO at two privately held companies. He has three years of experience as the CFO of Kaenon Polarized and, before that, served as Vice President, Finance at Educationtalk.com.

Mr. Vaicek earned his Masters in Business Administration (MBA) with a concentration in Finance from The Paul Merage School of Business at the University of California, Irvine. He earned his undergraduate degree in Communications from the University of Southern California.