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A few things out there:

1) Romania: The two parties have reached an oral agreement and are trying to close in 60 days. The exclusivity to negotiate expires in 30 days. Approx. $1m in fees of which the BD would keep $200,000.

2) Third Point: NSCM (Mayor Pratt’s firm) has sent Third Point a number of models which show the ROI on the pools of Non-performing loans NSCM has access to. Third Point needs to get comfortable with how NSCM calculates the ROI. If they do, they would likely go in on some of them. The potential here is endless. NSCM could have access to $100-200m in NPLs in the next 6-12 months. However, Third Point has never invested in NPLs before so they do have to get comfortable with how the ROI’s are calculated.

3) Achievement (Scoby): Coming in next Wednesday to finalize agreement. $7500 a month for a year.

4) Grosvenor: Playing phone tag with Jeremy - need to get into specifics with him next week about how it should be structured and 2-3 targets we want to focus on for the future.

5) OnPoint: One of Caryn’s first clients - Caryn continually says that she thinks something will get done, but I am skeptical.

6) Corrum: They are no longer paying a retainer, but they increased our success fees from 30 to 40% which is nice. There are a couple of T-H funds that are in play with them. I would hope something would come in this year - but the dollars may not be huge. Be more important from a “notching a win perspective”.

7) MondoGoal: The Fantasy Soccer website. Looking for $5m in Series A financing at $20m valuation. Caryn and Karen have some leads.

8) Staten Solar: Another Caryn Suffredini client - Solar project in India and California. Just signed - need to learn more about target investors, etc.

9) Seer: Still a client and focused on a couple of NEPC related clients for them but not likely to remain for long. (Haven’t been paying retainer for awhile.)

10) Nightscape: Fund likely to close down soon.

11) Madera: Baltic International Bank is looking at this for some of its HNW investors. Also talking to Grosvenor about a minority emerging manager allocation.


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com>
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