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For Immediate Release

TRG LAUNCHES ASSET MANAGEMENT PRACTICE

NEW YORK, February 13, 2007 – TRG (www.TRGUSA.com), a leading provider of turnaround, performance improvement, and financial advisory services, announced it has formed an Asset Management practice dedicated to managing distressed and underperforming private equity investments. Simultaneously, TRG announced the Asset Management practice has been appointed as Investment Advisor and Fund Manager of Raiffeisen CEE Private Equity Fund, LP.

TRG’s Asset Management practice is an innovative offering which applies TRG’s turnaround expertise to increasing net asset values and speeding portfolio exits, resulting in substantially higher and faster returns than possible through the secondary market, along with lower expenses, for investors.

“TRG has a proven track record of successfully monetizing distressed, underperforming and end-of-life funds portfolios and asset pools,” said Stephen Gray, Managing Principal, TRG. “The Asset Management practice formally brings together our expertise at restructuring assets and streamlining expenses with our knowledge of the local markets in which they are located and a focus on quickly developing and implementing exit strategies designed to maximize and return capital to investors.”

For the Raiffeisen CEE Private Equity Fund, TRG is responsible for managing the fund and its expenses, developing and implementing exit strategies to increase value of the portfolio’s assets, and winding down the fund. The fund’s assets are located in five countries across Central and Eastern Europe.

TRG Asset Management operates in Central and Eastern Europe, Western Europe and the United States. Parham Pouladdej, Principal, heads the practice. For more information, contact him at 617-880-6174 or ppouladdej@trgusa.com.

About TRG
Founded in 1981, TRG is a leader in business renewal and value creation for distressed and underperforming middle-market companies. In 2006, TRG served more than 60 clients in the United States and Europe with combined revenues exceeding $9 billion. For more information, visit www.TRGUSA.com.

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