Enron Mail

From:john.arnold@enron.com
To:michael.gapinski@ubspainewebber.com
Subject:RE: Private Equity Exposure - Thomas H. Lee Partners
Cc:
Bcc:
Date:Mon, 2 Jul 2001 06:51:16 -0700 (PDT)

sure, send it over. as the investing contrarian i am, if everybody else is getting out of late-stage vc, i'll take a look.

-----Original Message-----
From: "Gapinski, Michael" <michael.gapinski@ubspainewebber.com<@ENRON [mailto:IMCEANOTES-+22Gapinski+2C+20Michael+22+20+3Cmichael+2Egapinski+40ubspainewebber+2Ecom+3E+40ENRON@ENRON.com]
Sent: Sunday, July 01, 2001 5:23 PM
To: Arnold, John
Subject: Private Equity Exposure - Thomas H. Lee Partners

John -

I realize you don't have "fresh money" now, but if you happen to come across
fresh money in the next month, I want you to be aware of a new crossover
fund. The fund seeks to invest up to 50% (may exceed 50% under certain
circumstances) of the portfolio into late-stage venture capital companies
through relationships that Putnam and Thomas H. Lee Partners (great name in
private equity) have with various participants in the capital markets. The
remainder of the fund will be in small- and mid-sized publicly traded
companies managed by Putnam's Specialty Growth team.

Let me know if you're interested, and I'll send a kit over. So far, nice
trade on the ENE GJs.

< Michael Gapinski
< Account Vice President
< Emery Financial Group
< UBS PaineWebber, Inc.
< 713-654-0365
< 800-553-3119 x365
< Fax: 713-654-1281
< Cell: 281-435-0295
michael.gapinski@ubspainewebber.com



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