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Did the YC not work?

Eric D. Schwerin
eschwerin@rosemontseneca.com

Sent from my iPhone

On Apr 25, 2012, at 10:56 PM, Devon Archer <darcher@rosemontseneca.com> wrote:

> Meeting with Kemes Rakishov –
> Son in Law of the Former Prime Minister of Kazakstan, Current Mayor of Astana, and likely future President of Kazakstan; Imangali Tasmagambetov
>
> Location: Four Seasons Hotel Lobby (southwest lobby sitting area; to the left as you enter from 57th)
> Date: Thursday, April 26, 2012
> Time: 1:30pm – 2:30pm
>
> Hunter -
> I covered four areas with Kemes today, the first general background and three specific investment/partnership options; and then he brought up one additional option for investment partnership to pursue. We had what I thought was a very productive 90 minute meeting. The meeting went as followed in order –
> · Hello’s
> · History and background of Rosemont Seneca Partners
> o General overview of NYC and DC backgrounds and genesis of the organization
> o Talent driven thematic alternative investment manager
> o Highlighted SPVs, PE Co-Invest Fund and TALF Fund as funds completed successfully currently in harvest. Tabled as opportunities to revisit down the line
> o Explained we are looking to partner with a sophisticated foreign capital source on our platform. Kemes mentioned he is looking for a US partner as well.
> · Rosemont Seneca Technology Partners
> o Explained we would be interested in developing GP partnership for significant investment ($50mm – $75mm +)
> o Kemes was extremely interested in developing GP relationship and exploring a joint strategy fortechnology investing (early stage thru pre IPO). Very interested in being part of distinct Silicon Valley club.
> · Rosemont Realty
> o Gave general background and he volunteered introductions but suggested he not an expert and has limited interest
> · Prospect Global Resources
> o Discussed my role on the Board and as an early investor
> o Kemes was extremely interested in investing in the next round of PGRX and doing a stock swap for a comparable size 1 billion tonne greenfield potash mine in Kazakhstan. (I think you bringing Kemes to Prospect with funding and the stock resource swap concept is a huge opportunity)
> · SPAC
> o Kemes was very interested in developing a US based (or TSX) publicly traded SPAC to identify assets from Kazakstan and the region for listing