OVERVIEW
 The financial services sector is a large and diverse industry that can be segmented into three broadly defined areas:

  • Retail: Consumer-facing services, such as asset management, banking and insurance.
  • Wholesale: Corporate and market-facing services providing access to capital and risk management, such as capital markets, trading, exchanges, investment banking and wholesale insurance.
  • Processing and Services: Operational and business support services, such as transaction handling; information, payment and settlement processing; marketing services; and other outsourced business services.

Diamond Castle believes that attractive opportunities exist within each of these three areas.

DIAMOND CASTLE EXPERIENCE
Diamond Castle's team has been associated with businesses and investments in the financial services sector in segments that include banking, payment processing, credit cards, insurance and specialized finance.

Gene Lockhart serves as Diamond Castle's Operating Partner in the financial services sector. Mr. Lockhart has more than 25 years of senior-level operating experience at businesses in a variety of industry sub-segments, including MasterCard International, Midland Bank, Bank of America and AT&T Consumer Services, and has also been a venture capital investor specializing in financial services investments.

Andy Rush works with Mr. Lockhart in the financial services sector.

AREAS OF FOCUS
Diamond Castle pursues investment opportunities in all three of the industry segments outlined above. We focus primarily on areas where our team has significant financial and operational experience, such as retail specialized consumer finance, re-insurance, transaction and payment processing, business services and other areas. We target companies within these sectors that exhibit both cyclical and non-cyclical financial characteristics.
DIAMOND CASTLE INVESTMENTS
Checksmart Financial Company Leveraged buyout of a leading subprime consumer finance company providing payday loans, check cashing and other services in approximately 200 locations. The investment in Checksmart reflects Diamond Castle's interest in companies which serve the very large "unbanked" or "underbanked" population of the United States.
Harbor Point Limited Growth capital investment in a new reinsurance company formed through the spinout of Chubb Re from The Chubb Corporation. Harbor Point was formed with an initial capitalization of $1.5 billion to capitalize on the supply and demand imbalance in the insurance and reinsurance markets in late 2005.
REPRESENTATIVE PRIOR INVESTMENTS
WHILE AT DLJ MERCHANT BANKING
AXIS Capital, Montpelier Re Holdings and Aspen Insurance Holdings Growth capital investments in three newly established insurance and reinsurance companies that were formed in the difficult post-9/11 insurance environment.
US Express Leasing Growth capital investment in a specialty leasing company.
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