Our industry focus is confined to our areas of expertise. Our focus industries include:

Semiconductors
• Semiconductor manufacturing and test capital equipment
• Electronic design automation software
• Intellectual property
• Communications semiconductors
• Specialized logic semiconductors
• Components
• Services

Enterprise software and storage
• Enterprise software
• Data-storage systems
• Storage area networks

Networking
• Communications systems and components
• Wireless systems and components

Industrial
• Process control
• Instrumentation
• Services

Biotechnology

Our focus industries have in common high secular growth rates and the continuing emergence of new companies with new ideas from bright, dedicated entrepreneurs. The business expertise of our General and Limited Partners is extensive and includes the ability to analyze and respond quickly to potential investments. We are unlikely to invest in retailing, consumer, financial services or real estate ventures.

As with all institutional investors, we eventually want liquidity for our investment. Our typical exit has been through an initial public offering, though increasingly mergers have been a route to liquidity.