BGB is a waste-treatment company in China. They produce high-grade fertilizers and protein feed from food waste, and in the process, help solve a pollution problem in China. Environmental benefits as well as the productivity of BGB's process place them in a promising position for significant expansion in a growing market.

Carlile Bancshares is a Texas-based bank holding company. The company was founded in 2009 by experienced bank executives to build, primarily through acquisitions, a leading banking franchise focused on serving small businesses and professionals in communities in Texas and the southwestern U.S. Carlile made its first bank acquisitions in late 2010, acquiring and recapitalizing for growth Community State Bank and Treaty Oak Bank in Austin, Texas.

Excelline is a manufacturer and distributor of high-value, prepared, ethnic foods. The Company's products are handmade, flash frozen, and packaged in retail cartons under Excelline’s brand and, in the case of private label, as per customer specifications. Key customers include major retailers in the club, mass and specialty grocery channels. Excelline is based in Chatsworth, CA.

Grandpoint Capital, Inc. is the Los Angeles-headquartered bank holding company for Grandpoint Bank. Launched in 2010 by a team of experienced Southern California banking executives, Grandpoint Bank serves small and mid-sized businesses, professionals and entrepreneurs, and high-net-worth individuals with an integrated product set of private client services, business banking and treasury management capabilities. It also provides correspondent services to financial institutions. Grandpoint’s management intends to grow the bank both organically and through strategic acquisitions, building the franchise throughout Southern California.

Ironwood Pharmaceuticals is an entrepreneurial pharmaceutical company dedicted to the art and science of great drugmaking. Ironwood Pharmaceuticals is committed to delivering new medicines into important markets with the goal of making a significant difference in patients' lives.

K-Mac Holdings Corp. is a leading quick-service restaurant franchisee founded in 1964 and headquartered in Fort Smith, Arkansas. The company is one of the largest Taco Bell franchisees in the country and also operates KFC restaurants and Golden Corral restaurants. The company has a regional concentration in the South Central region of the U.S., with restaurants located in Arkansas, Indiana, Missouri, Oklahoma, Tennessee and Texas.

Kettle Cuisine is an independent, artisan soup maker founded in 1986 and based in Chelsea, MA providing uncompromised soup with a commitment to impeccable ingredients, careful preparation and traditional cooking techniques. The company offers a selection of over 50 varieties of soups, chilis and chowders, and services over 5,000 restaurants, cafes, delicatessens and supermarkets in the United States.

Monarch Alternative Capital LP is a private investment firm based in New York with a research office in Israel. The firm’s focus is primarily on the debt of distressed and bankrupt companies. Monarch has a research-oriented approach and an “event-driven” investment strategy. Its investment professionals have a long history of working together and have built their strategy over the last 20 years.

Northeast Bancorp is a Lewiston, Maine-headquartered bank holding company for Northeast Bank. Following Northeast’s merger with FHB Formation LLC in December 2010, Northeast will pursue the expansion of its Maine-based banking franchise, the introduction of a loan acquisition and servicing strategy, and the development of an affinity deposit gathering strategy. Northeast is led by a team of bank executives with significant experience acquiring, managing, and servicing loans secured by commercial and multi-family real estate and business assets.

Protection One is one of the largest vertically integrated national providers of sales, installation, monitoring, and maintenance of electronic security systems to homes and businesses. Network Multifamily, Protection One's wholly owned subsidiary, is the largest security provider to the multifamily housing market. Arlon exited its investment in the Senior Unsecured Debt of Protection One in June 2010.

Pure Action Sports ("PAS"), formerly Best Action Sports, builds, acquires and partners with fast growing action sports businesses. Currently PAS distributes the Best Kiteboarding.com, Balance Kiteboards, Body Glove, HyperFlex Wetsuits, and Biege Surfboards brands through a network covering 600 accounts in 100 countries. PAS provides kiteboarding equipment to wind and board sports enthusiasts around the world through its flagship holding, Best Kiteboarding, LLC.

Validus Re is a Bermuda-based reinsurance company specializing in property, catastrophe, marine and energy risks, and other specialty lines. Validus was formed in December 2005 to fill the space left in the industry after hurricanes Katrina, Rita and Wilma crippled many reinsurance businesses. Validus went public on July 30, 2007 and trades on the NYSE under the ticker VR. Arlon exited its investment in Validus in February 2008.