December 31, 2010
Management of Westchester Capital and Lincoln Peak Capital Complete Purchase of Interest from Retired Founder-December 31, 2010
Lincoln Peak Capital completed its previously announced minority investment in Westchester Capital Management, LLC (“Westchester”), the successor entity to Westchester Capital Management, Inc. Westchester manages approximately $4.0 billion in assets and serves as the investment advisor to The Merger Fund, a leading merger arbitrage mutual fund. Lincoln Peak Capital acquired its minority investment in connection with helping Westchester’s current management team purchase their company from its retired founder.