Artemis Investment Management launches unique opportunity to invest in some of the best Private Equity Funds in the world



    /NOT FOR DISTRIBUTION OUTSIDE OF CANADA/

    Managers include Carlyle; Blackstone; Thomas H. Lee; Clayton, Dubilier &
    Rice

    TORONTO, June 21 /CNW/ - Artemis Investment Management today announced
the offering of a new fund, Elite Private Equity L.P., a fund of funds,
through private placement, to provide accredited Canadian investors the
opportunity to invest in large, US-based private equity funds managed by some
of the world's pre-eminent Private Equity managers. The investment objective
of the Fund is to provide unit holders of the Fund with the opportunity to
invest in a portfolio of specified large private equity buyout funds focused
primarily on North American investments, including:

    
    -   The Carlyle Group
    -   The Blackstone Group
    -   Thomas H. Lee Partners
    -   Clayton, Dubilier & Rice
    

    "Our new Elite Private Equity L.P. provides Canadian high net worth
individuals with access, for the first time, to some of the pre-eminent U.S.
private equity funds and a superb opportunity to diversify their investment
portfolio," said Trevor Maunder, Partner, Artemis Investment Management.
"These funds have had some of the very best investment returns over the long
term."
    The offering is expected to close on or about July 16, 2007 and the
underwriters are Blackmont Capital Inc., BMO Nesbitt Burns Inc., CIBC World
Markets Inc., Scotia Capital Inc., Dundee Securities Inc., Desjardins
Securities Inc. and Wellington West Capital Inc.

    About Artemis Investment Management Inc.
    ----------------------------------------
    Artemis Investment Management is a leading alternative investment firm.
Through access to the most attractive alternative investment products, expert
fund selection, diversification, economies of scale, improved capital
preservation and a manageable minimum investment, Artemis
(www.artemisfunds.ca) products are designed specifically for sophisticated
retail investors to provide investors the opportunity to achieve world class
portfolio allocation by facilitating efficient access to important alternative
investment opportunities with top managers from around the world. Artemis is
an affiliate of Peerage Capital Inc. (www.peeragecapital.ca). Peerage
Capital's management team has a 27-year track record of investing in private
equity and money management on a broad geographic base.

    Certain information contained herein represents, or is based upon,
forward-looking statements or information. The Company believes that such
statements and information are based upon reasonable estimates and
assumptions.
    However, forward-looking statements are inherently uncertain and various
factors and considerations may cause events or results to differ from those
projected. Therefore, undue reliance should not be placed on such
forward-looking statements and information.
    The underlying funds and their affiliates are not responsible for the
formation or operation of the Fund. The offering of limited partnership
interests in the Fund should not be considered an offering of interests in the
underlying funds or funds affiliated with the underlying funds.
    None of the underlying funds, the funds affiliated with the underlying
funds, the General Partners or Managing Members or any of their respective
investment advisors, agents and affiliates have endorsed, and none of them
makes any representations or recommendations with respect to the fund, nor are
they responsible for the contents hereof. Moreover, none of the investors,
Artemis Investment Management Inc., the Fund, or any of their respective
affiliates has the right to participate in the control, management or
operations of the underlying funds or any of the funds affiliated with the
underlying funds, or has any discretion over the management of the underlying
funds or any of the funds affiliated with the underlying funds.





For further information:

For further information: Trevor Maunder, Partner, Artemis Investment
Management, (416) 934-7455, ext. 5237, tmaunder@artemisfunds.ca

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PEERAGE CAPITAL INC.

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ARTEMIS INVESTMENT MANAGEMENT

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