Royalty Capital Fund LPP

Columbia Capital is a premier venture capital franchise in wireless, broadband, media, and enterprise information technology investing. Since our formation in 1989, we have taken a sector-focused approach to investing, and have funded over 130 global companies in our core markets. Our sector focus allows us to regularly identify disruptive emerging companies and to recognize and build value throughout a company's lifecycle - from early stage investments, to large growth stage financings and special situations. Our most recent venture fund of $441 million, Columbia Capital Equity Partners V, closed in 2010, brings our total dollars under management to over $2.5 billion. Columbia is comprised of a team of eight partners that has been investing together at the firm for over a decade. We bring the collective expertise of our team to bear to help our portfolio companies succeed-creating value through industry knowledge and access to the extensive network of business and technical relationships we've built over time. Columbia Capital invests for the long term to build great companies. We form close partnerships with our entrepreneurs and have earned a reputation for a disciplined and patient approach. We are partners with our entrepreneurs and we work hard on their behalf to create value. We are a team-oriented investor and leader in and out of the boardroom, proud to be the most active participant on a portfolio company's Board of Directors. Columbia came into Metro PCS before we had launched any markets or had any revenue. They really stood out as knowing the wireless communications business. The Columbia Partner on our Board worked very hard along side us and provided excellent advice on some strategic initiatives important to our growth. In particular, he helped us through some crucial financial reporting and compliance issues that helped pave the way for a successful IPO. Columbia is exactly the kind of collaborative partner an entrepreneur with vision wants at his side."

DDJ Capital Management is a registered investment advisor that specializes in investing in distressed and high-yield securities and special situations. DDJ has several funds with a total of $3 billion under management from more than 80 institutional clients. It manages its clients' portfolios across four clearly defined investment strategies: distressed debt, leveraged loans, high-yield bonds and a special situations hedge fund. These products are offered in limited partnership funds, separate accounts and commingled pools. The company was founded in 1996 and is located in Wellesley, Mass.

Redstar Union is a performance space and audio/video production and recording studio built expressly for digital recording and live streaming of video and music to the Internet. We are dedicated to developing and experimenting with media for the new digital world.