The main funds currently advised by Mercapital are: MERCAPITAL SPANISH BUYOUT FUND III (SPEF III) Closed in November 2006 with committed capital of €550 million to target control positions in mid-size buyout transactions in Iberia. MERCAPITAL SPANISH PRIVATE EQUITY FUND II (SPEF II) Closed in 2001 with committed capital of €600 million to invest in buyouts as well as growth capital. MERCAPITAL SPANISH PRIVATE EQUITY FUND (SPEF) Closed in April 1998, with committed capital of 200 million to invest in buyouts as well as growth capital. MERCAPITAL SOCIEDAD DE CAPITAL INVERSIÓN, NV (SCI) Closed in December, 1997, with committed capital of 60 million euros provided by the shareholders in Mercapital, S.A. Mercapital also has an advisory agreement with, Cartera Hotelera, S.A. (previously Mercapital S.A.). The investors in these funds are leading international financial institutions including pension funds, insurance companies, funds of funds and merchant banks.