Batterson Directed Investment Deals – Allstate

Allstate (a) As of September 30, 2016
$ in millions
Investment
Information
Stage Lead or
Syndicate
Amount
Invested
Realized
Returns
Unrealized
Returns (b)
Total
Returns
Gross
IRR (c)
Times
Money (c)
Control Video
Vienna, VA
Internet Services
StageEarly Lead or SyndicateSyndicate Amount Invested$2.13 Realized Returns$0.00 Unrealized Returns (b)$0.00 Total Returns$0.00 Gross IRR (c)0.00% Times Money (c)0.00
Columbia Data
Columbia, MO
Internet Services
StageEarly Lead or SyndicateLead Amount Invested$1.50 Realized Returns$0.05 Unrealized Returns (b)$0.00 Total Returns$0.05 Gross IRR (c)0.00% Times Money (c)0.03
Columbia Data
Seattle, WA
Software
StageEarly Lead or SyndicateLead Amount Invested$2.50 Realized Returns$0.00 Unrealized Returns (b)$0.00 Total Returns$0.00 Gross IRR (c)0.00% Times Money (c)0.00
Atlantic American
Cablevision

Tampa, FL
Communications
StageSeed Lead or SyndicateLead Amount Invested$4.43 Realized Returns$9.88 Unrealized Returns (b)$0.00 Total Returns$9.88 Gross IRR (c)44.13% Times Money (c)2.23
Dytel
Schaumburg, IL
Telecom
StageEarly Lead or SyndicateLead Amount Invested$1.00 Realized Returns$0.00 Unrealized Returns (b)$0.00 Total Returns$0.00 Gross IRR (c)0.00% Times Money (c)0.00
Health Magazine
Sausalito, CA
Media
StageEarly Lead or SyndicateLead Amount Invested$1.20 Realized Returns$0.00 Unrealized Returns (b)$2.17 Total Returns$2.17 Gross IRR (c)80.83% Times Money (c)1.81
Montgomery
Medical

San Francisco, CA
Medical
StageVC Fund Lead or SyndicateLead Amount Invested$3.33 Realized Returns$0.00 Unrealized Returns (b)$5.00 Total Returns$5.00 Gross IRR (c)14.48% Times Money (c)1.50
Neophore
Deerfield, IL
Darien, IL
StageSeed Lead or SyndicateLead Amount Invested$0.25 Realized Returns$0.00 Unrealized Returns (b)$0.00 Total Returns$0.00 Gross IRR (c)0.00% Times Money (c)0.00
Northfield Labs
Evanston, IL
Medical/
Pharmaceuticals
StageSeed Lead or SyndicateLead Amount Invested$1.50 Realized Returns$0.00 Unrealized Returns (b)$22.50 Total Returns$22.50 Gross IRR (c)555.74% Times Money (c)15.00
Omniflow
Boston, MA
Medical/Devices
StageEarly Lead or SyndicateLead Amount Invested$1.00 Realized Returns$0.00 Unrealized Returns (b)$1.00 Total Returns$1.00 Gross IRR (c)0.00% Times Money (c)1.00
America Online
(Quantum Computer)

Vienna, VA
Internet Services
StageSeed Lead or SyndicateCo-Lead Amount Invested$0.96 Realized Returns$0.00 Unrealized Returns (b)$6.07 Total Returns$6.07 Gross IRR (c)195.92% Times Money (c)6.34
Northstar
Communications

Washington, DC
Communications
StageSeed Lead or SyndicateLead Amount Invested$1.00 Realized Returns$0.00 Unrealized Returns (b)$0.55 Total Returns$0.55 Gross IRR (c)0.00% Times Money (c)0.55
Total Amount Invested$20.80 Total Realized Returns$9.93 Total Unrealized Returns (b)$37.29 Total Total Returns$47.22 Total Gross IRR (c)35.64% Total Times Money (c)2.27
  1. Investments listed on this schedule represent those for which Leonard Batterson was the lead investment professional during his tenure at Allstate and do not include all those investments for which he may have been involved, and therefore the results presented do not represent the returns for Allstate as a whole. The investment record is provided for informational purposes only, and past performance is no guarantee of future results.
  2. Unrealized returns represent the estimated fair value of the investments at time of Leonard Batterson’s departure from Allstate in June, 1987. The actual amounts realized for these investments may vary from such amounts presented, and such differences may be significant.
  3. Times Money and Gross IRR (internal rate of return) shown herein represent “gross” returns, rather than “net” returns (i.e., returns net of fees (management fees and/or performance fees/carried interest), and other investment expenses), and do not include the impact of taxes. Investors should bear in mind that reductions to gross returns resulting from fees, expenses, and taxes may be significant. Gross IRR is computed based on the annual timing of the investment inflows and outflows and represent an annualized return. Times Money is computed as the Total Return divided by the Amount invested.