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Excellent call! Good team work guys! We would be happy to host him here in SF or visit his team in Qatar.
-Will


On May 7, 2014, at 6:43 AM, John DeLoche <john@rstp.com> wrote:

> Guys,
>
> I just got off the call with Mohammed at Qatar holdings. Great intro from Hunter and great call. He is the big boss that runs the group. There is a guy who runs fund commitments below him and they are totally coordinated.
>
> He also told me as he told Hunter in DC that they like to do co-investments and then fund commitments. We had the same conversation we have been having with Neuberger and others about the price of admission for co-investments in our deals being a fund commitment. He gets it and it was a constructive conversation.
>
> He said they typically like to do $100mm fund commitments but they do not want to be more than 20% of a fund. He understands our smaller fund size strategy and agrees with it. He said they can be flexible on the fund commitment size for venture/growth strategies.
>
> We talked a lot about Counsyl and how attractive the deal is, the fact that we have over $50mm committed to the company already, etc.
>
> The deal I proposed to him is that they dual track putting $50mm into our fund and we also convince Counsyl to increase the size of this round to $100mm so they can write a $50mm direct check into Counsyl. This would accomplish their goal of a minimum $100mm commitment and accomplish our goal of having them be a meaningful fund LP who would have priority for future co-investments.
>
> He said we should keep the dialog going along these lines when Hunter is in Doha in the coming weeks. I think Hunter can sell him on the structure I proposed above when he is in Doha.
>
> Let's discuss.
>
> Best,
>
> John
>
> John DeLoche
> Co-founder and Managing Director
> Rosemont Seneca Technology Partners
> 333 Bush Street, 21st Floor
> San Francisco, CA 94104
> office: 415 767 1288
> mobile: 415 793 7070
>
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