COMPETITIVE ADVANTAGES
Alpha Capital, due to its smaller size, unique relationship network of portfolio
partners and highly efficient investment process, enjoys an exciting deal flow pipeline
and compelling level entry valuations. The managers of the fund also have a significant
amount of their net worth exposed to the fund, which is consistent with our philosophy
in relation to the managers of our companies at the investment level. Alpha Capital
Trust also supports a distribution policy which will see net income and ad hoc capital
gains distributed to the vested beneficiaries from time to time. From a tax perspective,
all net income and capital gains will be distributed. The managers of the Alpha
Capital Trust have had the benefit of considerable experience in the private equity
arena as both principals as well as managers of third party funds.