The fund closed
at $384 million and is structured as a collateralized debt obligation (CDO). WASHINGTON , D.

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Mr.

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Friedberg commented, "We continue to have the support of institutional
and high net worth investors, reflected by the growth in our assets under
management to over $1. This program has been effective in providing
local fire departments with the tools they need to perform their day-to-day
duties, as well as enhancing their ability to respond to large disasters.

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They are especially necessary in the wake of
9/11 and Hurricanes Katrina and Rita, as fire fighters are our first line of
defense when dealing with national disasters.

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, Today, Congresswoman spoke out
against the President's proposed cuts the Assistance to Firefighter Grant
(AFG) program.

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NEW YORK, Barry Friedberg, CEO and President of
FriedbergMilstein LLC, an independent alternative investment management firm,
today announced the closing of FM Leveraged Capital Fund I. Friedberg was formerly head of Investment Banking and a member of the
Executive Committee of Merrill Lynch. In
FY 2006 , the program received in excess of $3 billion in requests from local
fire departments for equipment , apparatus, public education programs, health
and safety programs and training programs.

This category contains websites about those governmental activities.

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Our long-standing relationships with private equity firms,
financial intermediaries and leading senior debt providers, have allowed us to
close this fund with over $180 million of investments. Tubbs Jones.

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Milstein is Chairman and Chief
Executive Officer of Emigrant Savings Bank, the largest privately owned bank
in the country.

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FriedbergMilstein Announces the Closing of a $384 Million Investment Fund

Tubbs Jones Opposes Budget Cuts to Firefighter Grant Programs

Tubbs Jones.

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45 million in FY 2007. The SAFER program was
funded at $110 million in FY 2006, but is zeroed out in the Presidents FY 2006
Budget.

The Royal Government of Bhutan provides information on its various departments and branches.

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"

FriedbergMilstein was formed in February 2003 by Barry Friedberg and
Howard Milstein as an alternative investment management firm that specializes
in credit strategies and private equity, through direct private investments.
Mr. Mr.
The President's FY 2006 budget cuts funding for the Assistance to
Firefighters Grant (FIRE Act) program nearly 50% from $545 million in FY 2006
to $293.
"Cutting this program will further limit the ability of local communities to
protect their citizens"
In addition, the President has proposed eliminating the Staffing for
Adequate Fire and Emergency Response (SAFER) program, which provides grants to
local fire departments to support the hiring of career firefighters and
recruiting and retaining of volunteer firefighters.

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"Last month, the city of Euclid Fire Department in my Congressional
district received a SAFER Grant award in the amount $1,000,000," said Rep.

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0 billion.
"Last year, fire departments in the 11th Congressional district were
awarded over $1.

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The investment mandate of the fund is primarily focused on first lien
senior loans and includes second lien loans with an allocation for mezzanine
debt. Friedberg continued, "We have been successful in building a middle
market franchise supporting companies that are underserved by traditional
capital sources .

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"The FIRE Act and SAFER programs effectively meet the needs of fire
firefighters around the country.

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The President's proposed budget
seriously compromises the effort to meet these challenges .

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FriedbergMilstein focuses on investments in middle market companies to
support growth, buyouts , acquisitions and recapitalizations.5 million through the AFG Program," stated Rep.

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"

Middle market franchise with flexible capital
Mr. This new fund has a 12-year structure which
allows us to have patient capital.C.

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"
Eric Green, Senior Partner, who leads an experienced middle market
investment team, said, "Our differentiated advantage is the ability to invest
capital up and down the balance sheet which allows us to provide the right
solution to fit the financing needs of middle market companies. "The department is currently in the process of hiring qualified
firefighters to meet the increasing need for quality emergency and fire
services in our communities.

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"
He continued , "We believe one of the keys to investing in the middle
markets is a long-term focus."

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