aturn has been dedicated to providing exceptional returns to our investors. We attribute our success to our hands-on investment style. Throughout our history, Saturn has catalyzed growth by assuming an active role with our portfolio companies. We assist them with recruiting management, analyzing opportunities, enhancing their board of directors and obtaining later stage financing. A partnership with Saturn provides early stage companies with the capital, resources and guidance they need to transform into tomorrow's market leaders.

Saturn Capital, Saturn's broker-dealer affiliate, led its first private placement in 1994. Since then, we have privately placed securities for many successful companies in their earliest stages, including Constant Contact, Boston Duck Tours, FreeMarkets and Twin Rivers Technologies. Since Saturn's inception, we have privately raised over $70 million for more than 20 companies.

Saturn Partners Limited Partnership, a $25 million venture capital fund formed in April, 2000, focuses on early stage investments and special situation opportunities in electronic commerce, digital media, life sciences and telecommunications.

Saturn Management LLC serves as a manager for Saturn Partners Limited Partnership, Saturn Capital and other members of the Saturn group. Saturn Management also provides consulting and management services to early development stage companies, including Saturn's portfolio companies.