All Transactions

Bold indicates Berkshire Capital client

Date Announced	Seller	Buyer	Type	AUM ($mm)
November 2011	PCG Asset Management’s Advisory and Fund Management Business	Mitsubishi Corporation (TorreyCove Capital Partners LLC)	O	21,100
October 2011	Spartan Capital Management, LLC	The Pennsylvania Trust Company	WM	180
October 2011	Harbourmaster Capital	GSO Capital Partners LP (The Blackstone Group L.P.)	O	11,000
October 2011	Selected assets of Old Mutual Asset Management’s U.S. mutual fund business	Touchstone Advisors, Inc. (Western & Southern Financial Group)	MF	2,100
August 2011	Advanced Equities Financial Corp. (First Allied)	Lovell Minnick Partners	SEC	N/A
July 2011	Stone & Youngberg LLC	Stifel Financial Corp.	SEC	N/A
July 2011	Non-controlling interest in Altrinsic Global Advisors	National Australia Bank Ltd	IA	12,000
July 2011	Gulf Stream Asset Management, LLC	Apollo Global Management, LLC	O	3,100
May 2011	CSI Capital Management	SunTrust Banks, Inc.	WM	1,500
May 2011	Ermitage Limited	Nexar Capital Group SCA	HFoF	1,100
March 2011	Subordinated debt financing for Enhanced Capital Partners, Inc.	Vulcan Capital	O	N/A
March 2011	Non-controlling interest in AREA Property Partners	National Australia Bank Ltd	RE	14,200
February 2011	Emerging Markets Management, L.L.C.	Ashmore Group plc	IA	10,400
February 2011	Hershey Trust Company (Private Wealth Management Group)	Bryn Mawr Bank Corporation	WM	1,100
January 2011	Pennsylvania Trust (Penn Mutual Life Insurance Company)	Management led by Richardson T. Merriman and George McFarland	WM	1,700