EMAIL DETAILS

Arlene Busch
202-333-1880
Abusch@rosemontseneca.com


-----Original Message-----
From: "James Gordon" <jim@edgewaterfunds.com>
Date: Thu, 26 Jan 2012 09:28:47
To: Arlene R. Busch<abusch@senecaga.com>
Subject: Fwd: EWF Cross Over Opportunity

FYI

James A. Gordon
The Edgewater Funds
900 N. Michigan Avenue
Suite 1800
Chicago, IL 60611
312-649-5666
Jim@edgewaterfunds.com

Begin forwarded message:

> From: "Bill Hostetler" <HostetlerB@icmcvi.com>
> Date: January 26, 2012 7:24:01 AM CST
> To: "James Gordon" <jim@edgewaterfunds.com>
> Cc: "Alex Loucks" <LoucksA@icmcvi.com>
> Subject: RE: EWF Cross Over Opportunity
>
> Hi Jim,
> Thank you again for the meeting last week and thank you also for your patience as I finally had a chance to speak with our CEO Shawn Stephenson regarding this great opportunity with you. I am very encouraged by our discussion and would love to speak with you at your convenience today or tomorrow.
> I am flexible and reachable in our Chicago Corp office at 847-342-7447---or please let me know when I may reach you.
> Warm regards,
> B
>
> Bill Hostetler
> Senior Relationship Manager
> International Capital & Management Company
> 1600 Kongens Gade
> St. Thomas, VI 00802
> Ph. 340-715-8516, C. 847-208-3177, F. 340-777-1303 subaddress: 5805
>
> From: James Gordon [jim@edgewaterfunds.com]
> Sent: Thursday, January 05, 2012 10:49 AM
> To: Bill Hostetler
> Cc: Alex Loucks
> Subject: Re: EWF Cross Over Opportunity
>
> Dear Bill,
>
> Thanks for the message. Since we both respect Arlene's judgement so much, let's speak after your conversation with Arlene.
>
> Have a good day,
>
> Jim
>
> James A. Gordon
> The Edgewater Funds
> 900 N. Michigan Avenue
> Suite 1800
> Chicago, IL 60611
> 312-649-5666
> Jim@edgewaterfunds.com
>
> On Jan 5, 2012, at 5:37 AM, "Bill Hostetler" <HostetlerB@icmcvi.com> wrote:
>
>> Thank you Jim,
>> Please know the questions we had yesterday frame our desire to be able to answer the family's questions in a way they will embrace this next step. We are excited regarding the prospects of this very creative and appealing structure that is exclusive for us and shaped for our benefit.
>>
>> The challenge I am wrestling with is that the family has never before agreed to this level of commitment with a manager/partner before first having years of investing together in a positive and trust building relationship. It is too early to measure the new Fund III that we participated in, and family members have not yet had the pleasure of meeting you--which also makes end of February so valuable. So we are searching for ways to express this as the right step at the right time--rather than appearing like we could be acting hastily because we are so impressed with you.
>> I will be speaking with Arlene today and I am confident she will have a helpful perspective, and any thoughts you have will be greatly appreciated as well.
>> Thanks and warm regards,
>> B
>>
>> Bill Hostetler
>> Senior Relationship Manager
>> International Capital & Management Company
>> 1600 Kongens Gade
>> St. Thomas, VI 00802
>> Ph. 340-715-5805, C. 847-208-3177, F. 340-777-1303 subaddress: 5805
>>
>> From: James Gordon [jim@edgewaterfunds.com]
>> Sent: Wednesday, January 04, 2012 9:24 PM
>> To: Alex Loucks; Bill Hostetler
>> Subject: EWF Cross Over Opportunity
>>
>> Dear Bill and Alex,
>>
>> As always, it was wonderful to talk with you on the phone today. We are looking forward to a terrific 2012 partnership with you.
>>
>> Attached please find our latest presentation for the fund. As I mentioned, we can start out with a $50 million fund and after the second deal is completed we can then go to a $100 million fund with a fee catch up as you suggested. Of course the way the fund would be structured, you would get all your management fees back and in the interim you would be a partner in all of the management fees and incentive fees. The nice part of this is that you would truly be a partner and not just a client, including a veto right on all deals. If for some reason you are unhappy after the first two deals are completed, we can also disband the fund completely rather than have it go up to the $100 million.
>>
>> I want to thank you for all the time you have spent on this and we look forward to partnering with you on this very exciting project.
>>
>> Best, as always,
>>
>> jim
>>
>> Jim Gordon
>> The Edgewater Funds
>> 900 N. Michigan Avenue
>> Suite 1800
>> Chicago, IL 60611
>> Phone: 312-649-5666
>> Fax: 312-664-8649
>> Jim@edgewaterfunds.com
>>