Selected Limited Partners
The following are largest limited partners in Tene Capital:
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All rights reserved.
The Phoenix Holdings Ltd., The Phoenix Holdings Ltd. (“Phoenix") is a
holding company that holds, inter alia, The Phoenix Insurance Company Ltd.
("Phoenix Insurance"), which is one of the largest insurance companies in
Israel (www.phoenix.co.il). Phoenix Insurance is active in all traditional
insurance areas and has $10 billion under management.
The Phoenix is listed on the Tel-Aviv Stock Exchange, and is held by Delek
Capital Group, one of the biggest holdings companies in Israel. The
Phoenix's recent tradable market value was approximately US$1.2 billion.
The company's equity according to its financial statements as of September
30, 2006 is $350 million and its total balance sheet assets $6.6 billion. In
December 2006, the Phoenix raised an additional $90 million on the Tel-Aviv
Stock Exchange.
Leumi & Co. Ltd. is a leading investment house providing comprehensive
solutions of capital raising in Israel and overseas, private equity investments
and mergers and acquisitions services. Leumi & Co. is a leader in these
fields for traditional economy, technology and life sciences clients.
Leumi & Co. manages the direct equity investment portfolio of Leumi Group,
valued at NIS 4 billion.  In this capacity, Leumi & Co. is responsible for
identifying and assessing potential investments, negotiating investment
agreements, overseeing existing investments, and assessing and executing
exit opportunities. performing a vast array of activities and services,
bringing together know-how, skills and expertise.
Menorah Holdings Ltd., currently manages provident funds of the New
Mivtachim Pension Fund, one of Israel's largest. Menorah Holdings Ltd. is a
holding company with interests in insurance and investment companies.
Through its subsidiaries, it provides life, health, property, and casualty
insurance services, and other financial services, including fund management.
Harel Insurance and Investments Ltd. is a public company, traded on
the Tel Aviv Stock Exchange, and controlled by the Hamburger family, which
holds (directly and through holding companies) 55% of the voting rights and
49% of the company's equity. Israel Discount Bank Ltd. holds a further 20%.

Harel Investments has extensive international connections, and serves as
the Israeli representative for some of the world's leading overseas insurance
companies.

On September 30, 2005, the company’s balance sheet amounted to
NIS 26 billion.
Contact Tene Capital
4 Berkovich Street, Tel-Aviv 64238 Israel
Tel: 972 3 609 3525, Fax: 972 3 609 3530