EMAIL DETAILS

Hey Hunter,

The blind pool, RSTP II, is $7,750,000, we can invest max 20% of that in anyone deal. $1,317,000 of the $7,750,000 has already been called to close our investments in Counsyl and Medabiota. Leaving $6,432,500 available for investing.

RSTP alpha, is $22,509,501, all invested in Counsyl. RSTP I, is $2,225,000, all invested in Counsyl.

Best,

Neil


Neil Callahan
152 West 57th, 47th Floor
New York, NY 10019
212-933-9965 (o)
917-945-9516 (m)
866-749-8879 (f)
www.rstp.com

Confidentiality Warning: This e-mail contains information intended only for the use of the individual or entity named above. If the reader of this e-mail is not the intended recipient or the employee or agent responsible for delivering it to the intended recipient, any dissemination, publication or copying of this e-mail is strictly prohibited. The sender does not accept any responsibility for any loss, disruption or damage to your data or computer system that may occur while using data contained in, or transmitted with, this e-mail.If you have received this e-mail in error, please immediately notify us by return e-mail. Thank you

-----Original Message-----
From: Hunter Biden [mailto:hbiden@rosemontseneca.com]
Sent: Friday, March 07, 2014 1:32 PM
To: <ncallahan@rosemontseneca.com>
Subject: Re: Update

N-
How much do we now have committed to blind pool? Just curious. And how much have we actually closed on for blind pool?

RHB
202.333.1880

> On Mar 7, 2014, at 12:05 PM, "Neil Callahan \(Rosemont Seneca\)" <ncallahan@rosemontseneca.com> wrote:
>
> Hey guys,
>
> We had two great meetings yesterday on the fundraising front as well. LGT - which essentially is the Liechtenstein Sovereign Wealth Fund ($15-25M check) and Ingleside Capital, which is the Israel Family office which could be a twofer - The Israel Family, as well as Phillips Academy of Andover which has a $950m endowment which Tom is responsible for (run out of his office) - maybe a $2-5m check size target for Tom and Andover. Tom was in the same class at Yale with Sec. Kerry - small world and he seems to have a big interest in med-tech.
>
> We feel very good about Suzanne. She's mature, has deep long term relationship with fund allocators - she's bullish on us raising our target and is only going to put us in front of investors that she knows has an allocation available for our strategy, her list right now has 24 prospects that meet that criteria.
>
> We also had a great lunch with Dan and a meeting afterward. We took him through the pitch and answered his questions, I think he knows enough to be dangerous and start qualifying his network and setting up meetings.
>
> KZ seems still in process, Erbol will head to visit John and Will in SF as some point in April. And Julianna is on board to set up meetings.
>
> Great momentum this week.
>
> Best,
>
> Neil
>
>
> Neil Callahan
> 152 West 57th, 47th Floor
> New York, NY 10019
> 212-933-9965 (o)
> 917-945-9516 (m)
> 866-749-8879 (f)
> www.rstp.com
>
> Confidentiality Warning: This e-mail contains information intended only for the use of the individual or entity named above. If the reader of this e-mail is not the intended recipient or the employee or agent responsible for delivering it to the intended recipient, any dissemination, publication or copying of this e-mail is strictly prohibited. The sender does not accept any responsibility for any loss, disruption or damage to your data or computer system that may occur while using data contained in, or transmitted with, this e-mail.If you have received this e-mail in error, please immediately notify us by return e-mail. Thank you
>
> -----Original Message-----
> From: John DeLoche [mailto:john@rstp.com]
> Sent: Friday, March 07, 2014 11:16 AM
> To: Devon Archer; Hunter Biden; Rob Walker; Eric Schwerin
> Cc: Will Lee; Neil Callahan
> Subject: Update
>
> Gents,
>
> Good progress on Lyft (Project Leo) and Counsyl this week Goldman.
>
> They are checking conflicts on Leo with the goal of going to investment committee around a $25mm investment that we would manage. They are aware if deal timing and are going to operate accordingly. Leo closed $80mm of the $150mm round yesterday (Coatue and Andreessen). Deal memo in progress.
>
> On Counsyl, they are very enthusiastic about moving forward with a primary/secondary round. The thought is to price a $20mm primary as well as buy an additional $10mm of secondary (an additional $30mm investment we would manage). We are likely submitting term sheet to Counsyl Monday on this.
>
> They are looking forward to the closing dinner which will also possibly be a due diligence trip for them around the additional Counsyl investment. Julia is bringing her fiancé to dinner. Would be great for all of us to being spouses if possible. We can make this an official RSTP fundraising event and expense travel/hotel for teams and families.
>
> Let's discuss in the partner call Monday.
>
>
> Best,
>
> John
>
>
>
> Sent from my iPhone
>