“Demystifying the Credit Crunch,” a new white paper and glossary, now available at PEC web site

WASHINGTON, DC, July 30, 2008 — “Demystifying the Credit Crunch,” a 20-page primer and glossary intended to offer public officials, journalists and others a better understanding of the issues, the terms and the trends that gave rise to the global credit crisis of the past year, is now available for download at the Private Equity Council web site at www.privateequitycouncil.org.

Jointly produced by The Private Equity Council and global management consulting firm Arthur D. Little, the report and glossary is an essential, “go-to” resource for anyone seeking a better understanding of the economic events whose effects continue to have a profound ripple effect on institutions and individuals throughout the world. The paper discusses the origins of the credit crunch and the roots of the subprime crisis, which can be traced back to the early 1990s.The primer also delves into the impact of the credit squeeze on the private equity industry.

“We developed this primer with Arthur D. Little to help make discussion of the financial market trends and terms more accessible to a wider audience of interested parties — whether they are Congressional staff members, journalists, government officials or others with a keen interest in the subject,” said Douglas Lowenstein, president of the Private Equity Council.

“Having a clear-eyed view of the credit crisis is essential if we are to avert such problems in the future,” said Natan Shklyar, head of the private equity practice for Arthur D. Little in North America. “By compiling key facts, trends and terms in a concise document, the primer can contribute to a better understanding of credit issues among policy makers, business leaders and consumers.”

The credit crunch white paper is among a number of new tools and features now available on the PEC’s recently redesigned website. Other recent additions include “PE by the Numbers,” a catalogue of key statistics related to the Private Equity industry, and a set of expanded case studies of private equity-owned companies.

About The Private Equity Council

The Private Equity Council, based in Washington DC, is an advocacy, communications and research organization that develops, analyzes and distributes information about the domestic and international private equity industry. Its members are: Apax Partners; Apollo Global Management LLC; Bain Capital; The Blackstone Group; The Carlyle Group; Hellman & Friedman LLC; Kohlberg Kravis Roberts & Co.; Madison Dearborn Partners; Permira; Providence Equity Partners; Silver Lake Partners; THL Partners and TPG Capital (formerly Texas Pacific Group).

About Arthur D. Little

Arthur D. Little, founded in 1886, is a global leader in management consultancy; linking strategy, innovation and technology with deep industry knowledge. We offer our clients sustainable engagement style, exceptional people, and a firm-wide commitment to quality and integrity. The firm has over 30 offices worldwide. With its partners Altran Technologies and Cambridge Consultants Ltd, Arthur D. Little has access to a network of over 16,000 professionals. Arthur D. Little is proud to serve many of the Fortune 100 companies globally, in addition to many other leading firms and public sector organizations.

– 30 –