<p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">They are an impact fund. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Strategy- Early-stage PE funds.</span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Earlier candidates were sector focused.</span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">They are sector agnostic. They operate like a PE. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Try to have a strike rate of 100%. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">They got folks from VC who were more into deal making. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">They spend a lot of time with their portfolios. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Portfolio management is an important experience for them. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Financials, cash flows- need those. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">11 people including him. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Hired a partner very recently. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">2 analysts. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">3 people in fund accounting and portfolio reporting.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">1 in communication.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">1 in legal. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Experience- 10 years maximum. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Relevant experience of 5-7 years.</span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Candidate should be an associate or a senior associate. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Does not want to hire an existing principal. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Path to partnership. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">First fund is completely deployed. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Will raise the second fund- 75 million. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Carry will be a part of the compensation. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">IB- Experience is very limited. </span></span></p> <p>&nbsp;</p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Initiator of the deals experience is important. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Portfolio management. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">Post deal closure experience is also important. </span></span></p>