Subject: RE: San Francisco commits to venture cap, buyout funds
From: "Neil Callahan" <[email-masked]>
To: "'Hunter Biden'" <[email-masked]>
Date: Wed, 19 Jan 2011 10:47:04 -0500

No reason in particular, just that's it a better job for him.  I wonder if
he will operated independent of the Governor or if they will work as a team.

Did you see the news on Alcoa and China Power Investment Corp?  Maybe Alcoa
would want Vide as way to get independent information of what's happening in
China as a hedge/insurance against such a huge deal/investment.

 

 

Alcoa, CPI Announce Memorandum of Understanding to Develop Aluminum, Energy
Projects

WASHINGTON--(BUSINESS WIRE <http://www.businesswire.com/> )--Alcoa and the
China Power Investment Corporation (CPI) will collaborate on a broad range
of aluminum and energy projects representing more than $7.5 billion of
potential investment over the coming years, under a Memorandum of
Understanding (MOU) signed by the companies today.

U.S. Secretary of Energy Steven Chu, Chinese Minister of Science and
Technology Wan Gang, and Administrator Zhang Guabao of the Chinese National
Energy Administration presided over the signing ceremony between Alcoa
Chairman and Chief Executive Officer Klaus Kleinfeld and CPI President Lu
Qizhou.

The ceremony was held in Washington, DC, during Chinese President Hu
Jintao's State Visit to the United States. The MOU represents a global,
fully integrated platform for cooperation between the two parties in China
and key markets around the world.

"This is an historic opportunity at a pivotal moment in U.S.-China
relations," Kleinfeld said. "Two iconic brands will be working together
around the world in a long-term relationship, sharing best practices and
experiences in promising emerging economies."

Lu added, "CPI is a comprehensive energy group developing and utilizing new
and clean energy sources. This MOU marks an important step for CPI to
partner with Alcoa, a leading American company in its industry, to achieve
mutually beneficial cooperation, which will bring a bright future for all of
us."

In China, Alcoa and CPI will intensify their collaboration on developing
clean energy projects such as wind and solar and state-of-the-art aluminum
smelting operations. Both parties will also work toward developing high-end
aluminum industrial parks. Alcoa and CPI will also expand their current
trading relationship. Outside China, CPI and Alcoa will explore
opportunities in a number of geographies. The projects may range from
mining, refining and smelting to collaboration on energy projects.

"Alcoa and CPI understand that the world's environmental challenges can best
be met through cooperation between the U.S. and China," Kleinfeld and Lu
said, citing the MOU as an example. Alcoa is a global leader in using
hydroelectric power in the production of aluminum, and CPI has the most
clean energy assets of any Chinese utility. Alcoa and CPI will focus heavily
on the use of clean energy in their cooperation in China.

About Alcoa

Alcoa (NYSE:AA) is the world's leading producer of primary and fabricated
aluminum, as well as the world's largest miner of bauxite and refiner of
alumina. In addition to inventing the modern-day aluminum industry, Alcoa
innovation has been behind major milestones in the aerospace, automotive,
packaging, building and construction, commercial transportation, consumer
electronics and industrial markets over the past 120 years. Among the
solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and
forgings, as well as AlcoaR wheels, fastening systems, precision and
investment castings, and building systems in addition to its expertise in
other light metals such as titanium and nickel-based super alloys.
Sustainability is an integral part of Alcoa's operating practices and the
product design and engineering it provides to customers. Alcoa has been a
member of the Dow Jones Sustainability Index for nine consecutive years and
approximately 75 percent of all of the aluminum ever produced since 1888 is
still in active use today. Alcoa employs approximately 59,000 people in 31
countries across the world. More information can be found at www.alcoa.com
<http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.alcoa.c
om&esheet=6576525&lan=en-US&anchor=www.alcoa.com&index=1&md5=69aef97b11f7411
c2726ff5caf8c06c0> .

About CPI

CPI is one of the five major power generation groups in China with an
installed capacity of 70 GW. It has the most clean energy assets among the
five groups, totaling approximately 30% of its capacity. It is also China's
second largest aluminum producer with 2 million metric tons of aluminum
smelting capacity. It currently has three core businesses along its industry
chain - coal, electricity and aluminum, and has established six major
industrial clusters.

----------------------------------------------------------------------------
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Neil Callahan

Rosemont Seneca

401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965 |
212-796-4037

1010 Wisconsin Avenue, Suite 705 | Washington DC 20007 | 202-333-1880

917-945-9516 (mobile) 

866-749-8879  (fax) 

From: Hunter Biden [mailto:[email-masked]] 
Sent: Wednesday, January 19, 2011 10:31 AM
To: [email-masked]
Subject: Re: San Francisco commits to venture cap, buyout funds

why?

 

Rosemont Seneca Partners

R. Hunter Biden

1010 Wisconsin Av., NW

Suite 705

Washington, D.C. 20007

202-333-1880

 

 

On Jan 19, 2011, at 8:31 AM, [email-masked] wrote:

That's even better.

Sent from my Verizon Wireless BlackBerry

  _____  

From: Hunter Biden <[email-masked]> 

Date: Wed, 19 Jan 2011 08:27:32 -0500

To: [email-masked]<[email-masked]>

Subject: Re: San Francisco commits to venture cap, buyout funds

He ran for and became Lt. Governor.

R. Hunter Biden

Rosemont Seneca Partners

202-333-1880

On Jan 19, 2011, at 8:26 AM, [email-masked] wrote:

What's he doing now? Back in the wine business?

Sent from my Verizon Wireless BlackBerry

  _____  

From: Hunter Biden <[email-masked]> 

Date: Wed, 19 Jan 2011 07:55:49 -0500

To: <[email-masked]><[email-masked]>

Subject: Re: San Francisco commits to venture cap, buyout funds

He's no longer Mayor.

R. Hunter Biden

Rosemont Seneca Partners

202-333-1880

On Jan 18, 2011, at 11:11 PM, "Neil Callahan" <[email-masked]>
wrote:

I think these funds may be under the direction of Gavin.

San Francisco commits to venture cap, buyout funds

By Randy Diamond
<http://www.pionline.com/apps/pbcs.dll/personalia?ID=RDIAMOND>  
January 11, 2011, 4:29 PM ET 

.         Post a Comment
<http://www.pionline.com/apps/pbcs.dll/article?AID=/20110111/DAILY/110119975
/1039/MostPopular#articleComments> 

.         Recommend
<http://www.pionline.com/apps/pbcs.dll/article?AID=/20110111/DAILY/110119975
/1039/MostPopular#none> 

San Francisco City
<http://www.pionline.com/section/researchcenter-profiles&dir=plan-sponsors&p
age=db&R=429821> & County Employees' Retirement System on Tuesday committed
a total of up to $90 million to three Weathergage Capital venture capital
funds of funds and up to $20 million to GTCR Fund X, a buyout fund.

The $14.9 billion system committed up to $50 million to Weathergage Project
A, and up to $20 million each to Weathergage Venture Capital II and
Weathergage Micro-Venture Capital Overage Fund.

The Weathergage commitments will give the system a way to partner directly
with elite venture capital funds, while preserving confidentiality
requirements imposed by the managers, according to an investment staff
recommendation given to board members.

The GTCR fund will focus on small/middle market buyouts, according to the
investment staff recommendation. The fund's target is $3 billion.

Contact Randy Diamond at [email-masked]

Read more:
http://www.pionline.com/article/20110111/DAILY/110119975#ixzz1BS1YpyfK

 

----------------------------------------------------------------------------
--------------

Neil Callahan

Rosemont Seneca

401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965 |
212-796-4037

1010 Wisconsin Avenue, Suite 705 | Washington DC 20007 | 202-333-1880

917-945-9516 (mobile) 

866-749-8879  (fax)