Subject: Co-Investment
From: "Gregory Keeley" <[email-masked]>
To: "Hunter Biden" <[email-masked]>, "Eric Schwerin" <[email-masked]>
Date: Thu, 19 Mar 2015 16:35:57 +0000

Hunter/Eric
Seems we are two (or three) ships passing in the night.  I am a little stunned that it is almost the end of March.
If you have a minute can you take a look at this?  I figured it would have some appeal and importantly you would understand it.

I have been working with Vitric on an exclusive opportunity to advise, structure and co-invest in a structured ABS finance transaction.  The Vitric structured finance team is recognized as an established player in the world of structured finance and securitization.

The transaction is in the form of a senior secured asset backed exposure of a pool of securitized purchase orders issued by AA Moody’s rated Retailer, and backed by a $100 Million cash warehouse facility that is issued by a BBB rated Insurance Company.   We are seeking a co-investment of between $1M - $5m to co-invest with the Insurance Company. The targeted return is [20%] per annum. The term is 12 months and one day. I attached a brief description of the transact and a term sheet.

Cheers
Greg

Gregory P. Keeley
CEO/Partner
Swan Island Capital LLC
202 603 0950
www.swanislandcapital.com