Contact:
Charlie Wu
Chip Douglas
617-570-4400

BAYNORTH CAPITAL APPOINTS J. CLANCY CASEY AS MANAGING DIRECTOR

FOR IMMEDIATE RELEASE

BOSTON, MA, March 12, 2007– BayNorth Capital LLC announces that Clancy Casey has been promoted to Managing Director. Together with Chip Douglas and Charles F. Wu (Co Founders of BayNorth), and Charles Flint (who joined the firm as Managing Director in March 2005), Mr. Casey is a member of the firm’s senior investment management team.

Before joining BayNorth, Mr. Casey was a Vice President at the firm’s predecessor, Charlesbank Capital Partners. He joined Charlesbank in 1999 from Salomon Smith Barney in New York, where he was a Financial Analyst in the real estate and lodging group of the investment banking division. Prior to that, Mr. Casey was a member of the capital markets group in the San Francisco office of CB Commercial Real Estate. He holds a BS in Business Administration with a concentration in finance and real estate from the Walter A. Haas School of Business at The University of California, Berkeley.

BayNorth Capital LLC, previously known as the Real Estate Group of Charlesbank Capital Partners, was formed July 1, 2004 by the real estate principals of Charlesbank. The firm recently held a final closing totaling $472.5 million in its seventh fund, BayNorth Realty Fund VII. Based in Boston, BayNorth manages $1.2 billion in real estate equity and is committed to acquiring, financing and managing high yielding real estate opportunities across the U.S.

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