TPEG successfully exits Lucidity investment

Lucidity Consulting provided IT services to companies running or implementing Oracle software. TPEG made a $2.5 million investment in senior subordinated notes to fund Lucidity’s growth in January of 2010. Today, Lucidity was purchased by a larger IT services firm. TPEG's investment paid 12% current interest and produced an IRR of 14.5% and a cash-on-cash return of 171% over the four year term.