EFTA01026305.pdf

From: "jeffrey E." <[email protected]> To: Andrew McCormack Subject: Re: Valar Global Fund IV LP - Draft Subscription Documents "Action Required" Date: Wed, 13 Jun 2018 10:46:17 +0000 any info on a slash ipo? and views? On Wed, Jun 13, 2018 at 1:50 AM, Andrew McCormack > wrote: Close to 1.6x (assuming one deal closes before then). On Jun 12, 2018, at 10:24 PM, jeffrey E. <[email protected]> wrote: what number will june show? On Tue, Jun 12, 2018 at 3:49 PM, Andrew McCormack < > wrote: Probably 5-10% discount to FMV On Jun 12, 2018, at 2:40 PM, Andrew McCormack < wrote: At 3/31/2018, the FMV of your investment in Fund 3 was $26.9M, or a 1.4x net multiple on the $19.25M you have invested as of that date, which represented a 46% net IRR through Q1 of this year. They haven't indicated a firm price yet, but our sense is that it would be at some (not enormous) discount to FMV. On Tue, Jun 12, 2018 at 12:00 PM, jeffrey E. <[email protected]> wrote: depending on price On Tue, Jun 12, 2018 at 11:55 AM, Andrew McCormack < wrote: We have a buyer for some or all of your Fund III investment. Are you interested? On Fri, Nov 3, 2017 at 1:16 PM, Jeffrey E. <[email protected]> wrote: Time to exit too long On Fri, Nov 3, 2017 at 1:03 PM Andrew McCormack > wrote: Hi Jeffrey, We received this from your guys at HBRK. Needless to say, we'd love to have you as a partner again in Fund IV. Your investments in Funds II and III are doing very well. If it's not meant to be, we'd love to hear your feedback on why you are declining? Warm regards, Andrew Forwarded message From: Richard Kahn <I Date: Fri, Nov 3, 2017 at 12:52 PM Subject: Re: Valar Global Fund IV LP - Draft Subscription Documents "Action Required** EFTA01026305 To: "Doherty, Eric" Cc: PROSPECTIVE INVESTORS , James Fitzgerald , Andrew McCormack Reuben Kobulnik "Bao, Hongbo Robert" "Santos, Stanley" , Darren Indyke thank you for sending however we are not interested in Fund IV Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell On Nov 2, 2017, at 12:37 AM, Doherty, Eric < > wrote: in connection with the closing of Valar Global Fund IV LP (the "Partnership"), we are providing the following materials to you for review because you have been identified by the Partnership's general partner as a prospective limited Partner of the Partnership: 1. The Partnership's draft Amended and Restated Limited Partnership Agreement (the "LPA"); 2. A marked copy of the LPA reflecting changes made to the Amended and Restated Limited Partnership Agreement of Valar Global Fund III LP; 3. The Partnership's Subscription Agreement and Investor Questionnaire (the "Subscription Agreement"); and 4. An Indication of Interest Form. Please let us know if you would like for us to provide copies of the attached documents or other materials directly to your counsel or additional parties within your organization. The Partnership's initial closing is currently scheduled for January 2, 2018, but please note that all completed and signed subscription documents are due by Friday, December 15, 2017. We anticipate distributing final documents and closing instructions on December 1, 2017. Consequently, please provide us with any questions or comments you may have regarding the attached materials no later thanMonday, November 20, 2017. Priority will be given to investors that complete, sign and return the Indication of Interest Form by Monday, November 20, 2017. If you have any questions or comments please contact me or Bobby Bao ) as soon as possible. Thanks, EFTA01026306  Eric Eric Doherty Cooley LIP 101 California Street 5th Floor San Francisco. CA 94111.5800 Direct: Email: This email message is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review. use. disclosure or distribution is prohibited. If you are not the intended recipient. please contact the sender by reply email and destroy all copies of the original message. If you are the intended recipient, please be advised that the content of this message is subject to access. review and disclosure by the sender's Email System Administrator. <LPA - Valar IV.DOCX><Redline - LPA - Valar IV.pdf><Valar Global Fund IV LP - Subscription Agreement.pdf><Indication of Interest.pdf> _please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved _please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01026307  please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01026308