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Re: Our FOFs pro-forma
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Neil Callahan
<[email protected]>
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D
Devon Archer
<[email protected]>
H
Hunter Biden
<[email protected]>
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Neil- Per our conversation today, it would be helpful to evaluate this FOFs on a variety of levels. 1) Do we agree that we should take no management fee/performance fee? 2) Do we think the money could be raised if we did take either fees? 3) If we think the money can be raised, how much time would be required from the principals to do so? Arlene believes she can raise all of the money if we had no fees. But is it worth others' time to try and raise money if we were to charge a fee? 4) What is the purpose of this if we are getting no income from it? 5) Do we develop a model where the first $50m is fee-free, but anything after that involves a fee? How much would we make from this and at what point would we have the ability to jettison our Fund clients? 6) What would having the FOF be "woman-owned" by Arlene mean? 7) Would we charge fees for legal and regulatory work at least? It shouldn't cost us anything, right? Just some questions how I am framing this. Eric Eric D. Schwerin Rosemont Seneca Partners, LLC 1010 Wisconsin Ave., NW Suite 705 Washington, DC 20007 (202) 333-1880 [email protected] P Consider the environment before printing this email.
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