Jim Leech Quotations

We are pleased to continue our partnership with York Street Capital. This expanded capital commitment helps to fill the growing need for junior capital driven by strong buyout markets and record levels of private equity fundraising. Through York Street, we are providing broader financing alternatives to companies and equity sponsors at a time when flexible junior capital solutions are an important component in financing both buyouts and corporate expansion. We believe that York Street will continue to generate superior returns and provide attractive co-investment opportunities for Teachers' Private Capital.

Neil has proven his capability to lead this complex and geographically diverse business and has the full support of both owners.

We'll capitalize it more conservatively, which will allow them better opportunities for internal growth and just as important, better opportunities for acquisitions and external growth.

The U.S. is a key market for us.

Our whole private equity business has been aimed at what I would call a real economy -- businesses that are pretty stable, having good cash flows and businesses that are not buffeted by changes in economic conditions.