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efta-efta01948118DOJ Data Set 10CorrespondenceEFTA Document EFTA01948118
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efta-efta01948118
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EFTA DisclosureText extracted via OCR from the original document. May contain errors from the scanning process.
Life Sciences Fund
Description
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Target investments at the intersection of life sciences and technology including:
o
Early detection and prevention of cancer and other diseases
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Molecular diagnostics and personalized medicine
o Consumer/patient empowerment
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Target fund size: $250-400m
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Term: 10 years
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Expected Launch:
January 2014
Structure
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Branding: DST
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Three partners: DST, Boris Nikolic and Saurabh Gupta
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Boris and Saurabh will be Managing Partners
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GP contribution: DON of fund size
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Joint decision making
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Operational support to be provided by DST Global Advisors
Economics
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Carried interest split:
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DST — 50%
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Boris Nikolic — 25%
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Saurabh Gupta — 25%
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Management fee share:
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Boris Nikolic to receive 100% of all fees (less expenses) on the first $5m of fees
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All fees beyond the first $5m (less any remaining expenses) to be split in line with carried interest
Key LP Terms
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$10m+ capital commitment
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2.0% management fee and 20% carried interest on net returns
Key Investment Terms
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Non-controlling investments
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Founder friendly terms
STRICTLY CONFIDENTIAL
EFTA_R1_0041221 5
EFTA01948118
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