Three Cities Research, Inc. (TCR) is a private equity firm that has invested in private businesses since the 1970s. We have invested in a wide variety of industries, including industrial manufacturing, distribution, apparel, publishing, services and retail. Our investment focus is on businesses that are substantially underperforming their potential. We deploy dedicated resources to deeply understand the value proposition and competitive position of our portfolio companies. We work shoulder to shoulder with our management teams to develop and execute winning strategies. The capital for our investments originally came from the Bemberg family and their affiliates. In the 1990s, the capital came from TCR Fund II and TCR Fund III. Today, the capital comes from principals of TCR. 135 East 57th Street, 15-103 New York, NY 10022 Tel 212.838.9660 Fax 212.980.1142 info@tcr-ny.com © 2017 THREE CITIES RESEARCH, INC.