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Weekend 361Firm Digest 7/20/24

LAST WEEK: Briefing “Geopolitics & Changing Trade Terms” & Deep Dive on "Geopolitics & Dual Use Investing" - video, pod; Russia-Ukraine (EU) Breakout - video, pod; Asia Breakout - video, pod; Iran Breakout - video, pod

SAT.: 8:30 pm Informal drinks @Forty 1° North

SUN: Newport Conference 11:30 am Allocator Lunch, 1:30 pm Conference @Forty 1° North: register at 361firm.com/np24; Breakouts include- AI Levels, Philanthropy, Impact & Next Gen, VC, Climate Tech, Pvt. vs Public Markets, Global Regions

TUE. 10:30 am Town Hall, 11am Briefing #224 - register

WED. 10:30 am Global Meetup - register

On July 21, 361Firm hosts its 3rd Newport Conference and Reception at Forty 1° North. Here are links to the Agenda and RSVPs. You can see details and register at https://361firm.com/np24 as a delegate ($2500). Allocators receive complimentary access by attesting to “QP” status via our Diagnostic.

RSVPs to date include Patrick Messmer Dixon Hayes, Anurag Chandra, Elin Wallón, Roberta F. Brzezinski, Patricia Geli, Pankaj Shah, Brian Waldner, CFA, CFP®, Eric Newman, CPA, CGMA, Katya Kohen, Senofer Mendoza, Dail St. Claire, Moran Bar-Kochva, Jonathan Fein, Skye Barry, CFA, CFP®, Dr. Victoria Vysotina, Brian Moss, CFA, Simon Vine, REG ATHWAL ⚜️ Building Legacies and Communities , Stephen R. Burke, Clark B. Hoover, CFA, Christopher (Chris) Whyte, Eddy van der Paardt, Richard Sobel, Mary D'Souza, Jack Wyant, Susan Luo, CFA, Rainer Busch, Neetu Puranikmath, Gregory Wilder, Todd Ruppert, Chris Lawes, Thomas DiBona, Britt Riley, Nardo Manaloto, David Teten, Eli Tenenbaum, Kelvin Ung, Jon Najarian, Anna Mochkova, William Deuchler, Ann C. Oleson, Dan Lee, Nicolas J Kahale, CFA, Alan Olsen, Erica Muller, Marc LoPresti, Anna Haskell, J.P. Keating, Dr. Michael Späth, Giovanni De Francisci, Lucia Ordonez-Gamero - Senior Business Risk Analyst, Khayin Molokwu, David S. Weiss, CPA, Nesha Mutuku, Mark Sanor, Simon Littlewood, Sophia Swire, Ira J. Perlmuter, Andrew Fisch, Kimberly Poskata, Depinder Grewal, Jacob Kapustin,Jing (Jane) Ge, Eli Tenenbaum, Elin Wøllo, Barbara Doran,Judy Chou, CAIA,Andreas Jerschensky,Shreyas Slater Chityala,Mark Stewart,Rosemary Sagar, CFA,Robert Niziol, Anna Stone, Dr. Michael Späth,Keara Sauber,Wendy Diamond,Dr. Alexandra C. Cook, CPA, CGMA, CFF, FAIA (PRINCE2® Practitioner),Walter Raquet,James Rich,Rajiv Kapoor,Rob Boughton,Kat Sullivan,Peter A. Psaras,Matthew Hochstrasser,Chancellor Patterson, Esq.,Will Belmont,Aris Hatch,Anthony Forstmann,Benoit J.P. Flammang

AI: VENTURE STUDIOS (MIT & SF), SERIES A/B (PALO ALTO), TRAVEL

• Copilot Travel - 1-VC Early - AI - Travel- Connecting travel merchants, suppliers, and consumers globally through modern, integrated travel infrastructure- 8-$5-10M- Request deck

• C10 Labs - 1-VC Early, MIT-based AI Venture Studio - - 5-$50-100M - Request deck

• DVC AI Opp. Fund - VC Early - Palo Alto AI $75M Opp. Fund investing in best of DVC’s 80+ portfolio -  Request deck

• Amgine - 1-VC Early - AI for corporate travel, patented, automated booking platform - Request deck

PRIVATE CREDIT: RE BRIDGE, EURO SAAS, CONSUMER, &/OR NAT. RESOURCES  

• Fairbridge - 8-Private Credit - Sec. RE Bridge Loans, target 11% net IRR, ~55% LTV, 1-year lock - Fund LP; Direct - Real Estate - 3-$200-500M - Request deck

• Round2 Capital - 8-Private Credit - Rev-based loans to Euro SaaS, Fund I net 21% IRR before performance fees, Fund II €125M - Fund LP - SaaS; Tech; Cybersecurity - 4-$100-200M - Request deck

• BFY Capital - 8-Private Credit - Growth capital for consumers and brands - Direct SPVs and Platform Level - Agriculture; Food & Bev - 7-$10-25M - Request deck

• Nebari Nat. Res. Fund II - (see above on Metals & Minerals)

HEALTH

• Recoup Health - 1-VC Early - Mental Health - Physical Health - TherapyTech-driven Integrative Root cause Rehab - 8-$5M - Request deck

• Avanlee Care - 1-VC EarlyTech - HealthTechApp - connects unpaid family caregivers with groceries, meds - 9-$1-5M - Request deck

• Owlstone Medical - 2-VC GrowthTech - HealthTechSeries D - bridge, breath diagnostic for cancer, liver disease, etc. - 5-$50-100M Request deck

ENERGY - DIFFERENT WAYS TO INVEST 

• Metalmark PSI Fund - 10-Secondaries - O&G Secondaries Fund, Buying Discounted Direct & LP Stakes - Fund LP - Energy; Oil & Gas; Upstream - 3-$200-500M - Request deck

• L-Charge - VC Early - EV Charge as a service for B2B Fleets, utility-independent 

• distributed power generation (cheaper, modular, quicker install) - Request deck

METALS & MINERALS - PE &/OR CREDIT? 

• Heeney Capital - 3-PE Growth - Controlling equity in development-stage nat. resource assets - Fund LP; SPV LP - Metals, Minerals, copper, gold - 7-$10-25M - Request deck

• Nebari Nat. Res. Fund II - 8-Private Credit - Fund II $300M, targets 15-20% net IRRs, 10-30% LTV. Fund I $105M - Fund LP - Metals, Minerals, copper, gold - 3-$200-500M - Request deck

TECH: DUAL USE, DARPA, SEMICONDUCTORS, PRE-IPO GLOBAL GROWTH  

• Breakaway Media - 1-VC Early - Media & Entertainment - USA's largest music festival touring company. - 7-$10-25M - Request deck

• Scout Ventures - 1-VC Early - Fund IV - dual use - Request deck

• Ventura Fund - 2-VC Growth - Pre-IPO tech - Request deck

• Forma Prime VC Early, MIT-based Fund focused on Quantum, semis, sensors - Request deck

EUROPE, ASIA &/OR AFRICA

• GET (Green Euro Tech) Impact Fund II - 2-VC Growth Funds - hybrid CleanTech (IP, digital) in energy, industrials and mobility, Series A/B. Target €150-250M. Backed by EIF - Request deck

• Golden Vision Asia - 2-VC Growth - SE Asia Fund for VC Growth Companies - Request deck

• Launch Africa 1-VC Early - $75M Seed Fund II. Fund I in 133 companies diversified across 22 African markets, mostly in US HoldCos with strong performance. Deck

PUBLIC EQUITIES &/OR PUBLIC DEBT 

• ARS - $1.3B+ Asset Mgr, Macro Outlook (all cap, core, small cap, ETF) - and reports to you every Tuesday at 11AM - Request deck

• Phoenix Advisors - 7-Public Debt - High yield FI: low vol. (stay rich) or high vol. (get rich) strategies - Request deck

BALLOON INTO SPACE &/OR VERTICAL TAKEOFF BY HYBRID REGIONAL JET

• Space Perspective - 3-PE Growth - Space experience: safe, globally scalable, carbon neutral - Direct Deal - Consumer; M&E; Space - 7-$10-25M - Request deck

• XTI - 1-VC Early - Hybrid Vertical (VTOL) & conventional takeoff plane, 1200 miles, 345mph - Direct Deal - Aerospace; Industrials - 7-$10-25M - Request deck

REAL ESTATE

• Noyack Logistics Income Private REIT,  focused on last-mile “mobility hubs” target IRR 18-20%, net over 6%, REIT tax benefit, request info

• Fairbridge - Secured Real Estate Bridge Loans, target 11% net IRR, modest ~55% LTV, can redeem after 12 months, partial REIT tax benefit, direct co-investments possible $500M+ AUM.  Request deck

7/16 Briefing #223 "Geopolitics & Changing Trade Terms” + Deep Dive on "Geopolitics & Dual Use Investing" focused on the complexities of globalization and its impact on trade, geopolitics, and economic growth. The conversation with Hamlet Yousef Stephen R. Burke and Saptarsi Bandyopadhyay also touched on the evolution of warfare and conflict, investment strategies for the new world order (recording, podcast).

✔ Russia-Ukraine (EU) Breakout with Iryna Kopanytsia and Adam A. Blanco as breakout co-leaders, the conversation touched on Russia's active measures and disinformation campaigns, its geopolitical ambitions and reduced Western support and funding for Ukraine (recording: https://lnkd.in/e3JF_hFm, podcast: https://361.pub/3WakYhB)

✔ In China-Taiwan (Asia) Breakout, led by Rob Li and Saptarsi Bandyopadhyay, participants discussed the future of defense technology and innovation, China's military expansion, and the geopolitical implications of the US-China relationship (recording, podcas)

✔ Iran Breakout (with Hamlet Yousef as a co-leader) focused on Iran's nuclear program, geopolitical tensions, and potential implications, and the potential for regime change (recording, podcast)

➡ Subscribe: www.361firm.com/subs

On Feb. 4-5, 361Firm co-hosts the 2nd edition of the World With Purpose (WWP) summit with a maximum 300 participants, building on last year’s summit in UAE led by our partner Roberta Calarese - see WWP II Deck. If interested to be or propose a speaker, let us know via 361.pub/suggest.

YOU CAN ONBOARD YOUR DEALS. Submit deals via 361firm.com/onb - far more effective than emailing as it goes to our team which reviews on our morning calls, which could lead to:

(1) a formal sell-side engagement for our Broker-Dealer platform as described at 361firm.com/onb or

(2) an investment considered by 361Core Members (with at least $10M to invest in ALTs in the next 12 months) who give 361 a wide buy-side mandate - see www.361firm.com/core).

Formally mandated clients can be added to (a) our Private Deal Database, (b) the agenda for PCI Allocator Sessions, and a range of investment banking marketing services

361Firm welcomes partnering with other Broker-Dealers (B-Ds), or Registered Reps. (RRs) to enhance our collective deal flow and investor distribution. You can cross-sell your deals to 361’s community of 4K+ allocators. You can share 361’s deals to your investors - see our 25+ sell-side mandates of both direct deals and funds (see 361 External Pipeline), and we have a long queue of potential mandates on which we could collaborate.

(1) RRs at a B-D can collaborate immediately. We have a BD Fee-Share Framework Agreement to add both mandates (yours and ours) and Approved Investors (yours and ours). 

(2) RRs can join 361Firm and stay independent but enjoy lower BD fee percentages, lower annual costs, and inside access to 361 investors and deals - see 361firm.com/coreaffiliate. You can also join 361 as a new RR, taking your tests to be licensed with our B-D (Finalis). 

To kick off the process, please submit our simple form (excerpt below), and we will quickly revert.

361Firm hosts its 6th London Conference on Sept. 12, 2024. The agenda will be posted soon, but here is a link to the playlist of panel recordings from the 2023 Conference.

You can register at 361firm.com/lnsept now as a delegate ($1500) or as our guest if an Active Allocator (see guidelines) once approved upon submitting our Allocator Diagnostic.

July 21 Newport RI - 3rd Newport Conference - www.361firm.com/np24

Sept. 12-13: 6th London Conference - www.361firm.com/lnsept

Oct. 10: 9th New York Conference - www.361firm.com/nyoct

Nov. 21-22: London-Cambridge ATOM II Summit - at the Science Museum + 361Firm Roundtables & Nov. 20 361Firm Tour and Roundtables in Cambridge - details to follow

Dec. 3: New York Flagship Global Conference - www.361firm.com/nydec

Jan. 24-27: Naples & Miami - 8th Florida Conference - details to follow

Feb. 4-5: Riyadh Riyadh “World With Purpose” Summit 2 + 361Firm Roundtables & Feb. 6-9 Abu Dhabi, Dubai and a Desert Trek - details to follow. LEAP is Feb. 11-12 in KSA. If interested to speak, 361.pub/suggest

*For QP investors actively allocating as LPs, approved by 361Firm via our Diagnostic, who can also access Deal decks via our Pipeline page with a password (you can request to msanor@361firm.com).

361Firm's global community is now 8K+ strong across SFOs, institutional investors, funds, and CXOs. Founded in 2015 after 10 years with an SFO investing in and with funds/FOs and 10+ years as a lawyer and M&A Partner at Andersen and EY in Europe/Asia. 360 stems from hosting roundtables since 2005 on moving to New York. "One Firm" comes from the global collaborative culture of Arthur Andersen where co-founders were once partners.

361Firm now primarily collaborates in four areas:

(1) Investments (PCI Allocator Sessions, core members with first access & intelligence);

(2) Raising Capital for funds and companies via our broker-dealer platform;

(3) Connecting Partners/Talent (including our CIO Council); and

(4) Optimizing Philanthropy, interconnecting for synergies, and linking to Impact Investing.

We’ve hosted events in 85+ cities and 20+ countries, since 2016 via Zoom with Tuesday 11 am Briefings, Deep Dives, and 10:30 am Meetups. Subscribe to various 361 events and content at 361firm.com/subs

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