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FYI….


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
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Begin forwarded message:

> From: Arlene Busch <abusch@rosemontseneca.com>
> Subject: Re: Update
> Date: June 23, 2014 at 9:01:45 AM EDT
> To: Jim Gordon <jim@edgewaterfunds.com>
>
> Monday June 22nd:
> KIC: Korean Investment Corporation
> Hyunsu Oh and Yujung Kim
> The meeting went well. I had a nice time catching-up with Hyunsu ( I
> will see him and his wife for dinner tomorrow evening). KIC is Korea's
> largest investment vehicle for alternatives. They currently have a
> portfolio of 2BL in Private Equity. Hyunsu believes the portfolio will
> increase to 4BL next year. They are now starting to look beyond the
> big names in the sector. Their minimum investment is $100ML per fund,
> but they will create a PE FOFs to write smaller tickets between $20ML
> and $50 ML. KIC will be in the US and in Chicago in the fall. Hyunsu
> will be on the trip as KIC teams one investment member with one
> research member. KIC will be in Chicago to visits Citadel (which has
> an allocation from them). I have suggested KIC spends time with
> Edgewater while they are in Chicago.
>
> Shinhan Life Insurance Company
> HeeSong Kim and Jun-Hyung Shin
> Shinhan is one of the Big Five Insurance companies in Korea. They plan
> to start allocating to Private Equity next year. I can't tell yet
> whether they will only look at the big names or invest across
> different fund sizes. Ken will follow up with them.
>
> Hanwah Life
> Kevin Hur
> Hanwah is one of the Big Five Insurance companies in Korea. They only
> started investing in alternatives in 2012. I believe they are not a
> good candidate for an investment at this time. Ken will follow-up with
> them.
>
> Mirae Asset Life Insurance
> Seon-Kyoung Choi and Younju Lee
> Mirae is one of the Big Five Insurance companies in Korea. Currently
> they invest in Real Estate (own the Four Seasons Hotel in Sydney among
> many other properties) and fixed income. They haven't started to look
> at Private Equity yet, but they realize they will need to start
> investing in alternatives soon. Not a good candidate for investment.
> Ken will follow-up with them.
>
> Best,
> Arlene
>
>
>
> Arlene Busch
> 312-498-9595 (m)
> 202-333-1880 (w)
>
>
>
>> On Jun 23, 2014, at 8:17 AM, Arlene Busch <abusch@rosemontseneca.com> wrote:
>>
>> Arrived in Seoul with no delays or issues. Waiting for Ken Lee to pick
>> me up. Presentations arrived fine. Will let you know how the meetings
>> went at the end of my day. Having dinner this evening with Ken
>>
>> Arlene
>>
>> Arlene Busch
>> 312-498-9595 (m)
>> 202-333-1880 (w)