EMAIL DETAILS
SUBJECT:
GS agreement thoughts
PRI: NORMAL
FROM:
J
jdeloche@rosemontseneca.com
DATE:
2014-03-21 01:34:48
MSG_ID:
<7EB0E2BD-4E46-4EF4-9086-7D1193587D2D@rosemontseneca.com>
RECIPIENTS:
TO:
D
Devon Archer
<darcher@rosemontseneca.com>
E
Eric Schwerin
<eschwerin@rosemontseneca.com>
H
Hunter Biden
<hbiden@rosemontseneca.com>
N
Neil Callahan
<ncallahan@rosemontseneca.com>
R
Rob Walker
<rwalker@rosemontseneca.com>
W
Will Lee
<wlee@rosemontseneca.com>
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Just got off a call with GS. They gave approval to lob in the term sheet to Counsyl today. They will put in $15mm into a vehicle on same terms as our prior deal. I floated the idea of them committing to the fund directly and then investing on a no fee no carry basis the balance. It would help us a lot more if we could tell people GS is paying us 2 and 20 in our main fund, even for a nominal amount. Doing so in this deal could be economically better to them but allow us to credibly say they are in the fund. We agreed to figure it out tmw in person either before or after the Counsyl DD meeting. Let me know your thoughts. Would be great for all who are in the Bay Area tmw to join for the Counsyl meeting and lab tour (12:30-2:30). Best, John Sent from my iPhone
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