GMP Capital Trust has completed the acquisition of EdgeStone Capital Partners, L.P., the manager of the EdgeStone group of funds,
together with a portion of the carried interest entitlements in EdgeStone’s funds, pursuant to the binding agreement entered into and announced on June 16, 2006.

EdgeStone is a private equity firms, and has managed in excess of $2 billion of private capital on behalf of institutional and high-net-worth clients.

Under the agreement, Griffiths McBurney L.P., a subsidiary entity of GMP, purchased all of the outstanding equity interests in EdgeStone and, indirectly, each of its subsidiary entities and partnerships, including the general partners of EdgeStone’s funds.

“We are pleased to close this important transaction and we look forward to working with the principals at EdgeStone to help them further build their business and drive continued value for the limited partners in EdgeStone’s funds and portfolio companies.” says Kevin Sullivan, CEO of GMP.