Batterson Directed Investment Deals

(1989-2016) (a)

Batterson Johnson Wang (c) As of September 30, 2016
$ in Millions
Investment
Information
Stage Lead or
Syndicate
Amount
Invested
Realized
Returns
Unrealized
Returns
Total
Returns
Gross
IRR (b)
Times
Money (b)
Cytel/Receptor
Chicago, IL
Medical/Bio
StageSeed Lead or SyndicateLead Amount Invested$3.49 Realized Returns$0.17 Unrealized Returns$0.00 Total Returns$0.17 Gross IRR (b)0.00% Times Money (b)0.05
Dytel
Hacienda Heights, CA
Telecom
StageLater Lead or SyndicateLead Amount Invested$1.45 Realized Returns$0.21 Unrealized Returns$0.00 Total Returns$0.21 Gross IRR (b)0.00% Times Money (b)0.15
Clear
Lincolnshire, IL
Telecom/Software
StageEarly Lead or SyndicateLead Amount Invested$1.21 Realized Returns$0.00 Unrealized Returns$0.00 Total Returns$0.00 Gross IRR (b)0.00% Times Money (b)0.00
Illinois
Superconductor

Evanston, IL
Advanced Materials
StageEarly Lead or SyndicateLead Amount Invested$1.59 Realized Returns$8.48 Unrealized Returns$0.00 Total Returns$8.48 Gross IRR (b)42.18% Times Money (b)5.33
Linkscorp
Northfield, IL
Consumer
StageSeed Lead or SyndicateLead Amount Invested$2.38 Realized Returns$0.00 Unrealized Returns$0.00 Total Returns$0.00 Gross IRR (b)0.00% Times Money (b)0.00
Nanophase
Darien, IL
Advanced Materials
StageEarly Lead or SyndicateLead Amount Invested$1.28 Realized Returns$18.20 Unrealized Returns$0.00 Total Returns$18.20 Gross IRR (b)49.78% Times Money (b)14.22
Northfield Labs
Evanston, IL
Medical/
Pharmaceuticals
StageLater Lead or SyndicateLead Amount Invested$0.49 Realized Returns$0.94 Unrealized Returns$0.00 Total Returns$0.94 Gross IRR (b)13.89% Times Money (b)1.92
Batterson Venture Partners I As of September 30, 2016
$ in Millions
Investment
Information
Stage Lead or
Syndicate
Amount
Invested
Realized
Returns
Unrealized
Returns
Total
Returns
Gross
IRR (b)
Times
Money (b)
Nanophase
Darien, IL
Nanotechnology
StageLater Lead or SyndicateCo-Lead Amount Invested$3.94 Realized Returns$14.68 Unrealized Returns$0.00 Total Returns$14.68 Gross IRR (b)47.16% Times Money (b)3.73
Beyond.com
San Jose, CA
Internet
StageEarly Lead or SyndicateSyndicate Amount Invested$0.98 Realized Returns$20.45 Unrealized Returns$0.00 Total Returns$20.45 Gross IRR (b)357.04% Times Money (b)20.89
Cybersource
San Jose, CA
Software/
Web Services
StageEarly Lead or SyndicateSyndicate Amount Invested$0.20 Realized Returns$20.04 Unrealized Returns$0.00 Total Returns$20.04 Gross IRR (b)367.78% Times Money (b)102.36
Paladin
Chicago, IL
Marketing Staffing
StageLater Lead or SyndicateSyndicate Amount Invested$0.15 Realized Returns$0.00 Unrealized Returns$0.00 Total Returns$0.00 Gross IRR (b)0.00% Times Money (b)0.00
Endicor
San Diego, CA
Medical/Devices
StageEarly Lead or SyndicateLead Amount Invested$3.07 Realized Returns$0.00 Unrealized Returns$0.00 Total Returns$0.00 Gross IRR (b)0.00% Times Money (b)0.00
@Outcome
Austin, TX
Healthcare IT
StageEarly Lead or SyndicateLead Amount Invested$0.48 Realized Returns$0.00 Unrealized Returns$0.00 Total Returns$0.00 Gross IRR (b)0.00% Times Money (b)0.00
Magnifi
Cupertino, CA
Software
StageEarly Lead or SyndicateLead Amount Invested$1.61 Realized Returns$0.00 Unrealized Returns$0.00 Total Returns$0.00 Gross IRR (b)0.00% Times Money (b)0.00
VCapital
Chicago, IL
FinTech
StageSeed Lead or SyndicateLead Amount Invested$3.78 Realized Returns$0.00 Unrealized Returns$0.00 Total Returns$0.00 Gross IRR (b)0.00% Times Money (b)0.00
LinksCorp
Bannockburn, IL
Retail
StageLater Lead or SyndicateLead Amount Invested$0.11 Realized Returns$0.00 Unrealized Returns$0.00 Total Returns$0.00 Gross IRR (b)0.00% Times Money (b)0.00
Batterson Venture Partners I As of September 30, 2016
$ in Millions
Investment
Information
Stage Lead or
Syndicate
Amount
Invested
Realized
Returns
Unrealized
Returns
Total
Returns
Gross
IRR (b)
Times
Money (b)
Cleversafe (d)
Chicago, IL
Computer
StageEarly Lead or SyndicateLead Amount Invested$4.10 Realized Returns$42.65 Unrealized Returns$5.08 Total Returns$47.73 Gross IRR (b)46.82% Times Money (b)11.64
Star One
Columbus, OH
Computer
StageEarly Lead or SyndicateLead Amount Invested$0.75 Realized Returns$0.00 Unrealized Returns$0.00 Total Returns$0.00 Gross IRR (b)0.00% Times Money (b)0.00
Third Stream
Bioscience

Fort Lauderdale, FL
Medical/
Pharmaceuticals
StageSeed Lead or SyndicateLead Amount Invested$0.13 Realized Returns$0.00 Unrealized Returns$0.00 Total Returns$0.00 Gross IRR (b)0.00% Times Money (b)0.00
NextGen Solar
Chicago, IL
Energy
StageEarly Lead or SyndicateLead Amount Invested$1.15 Realized Returns$0.00 Unrealized Returns$0.00 Total Returns$0.00 Gross IRR (b)0.00% Times Money (b)0.00
Web 2.0
Various
Various
StageVarious Lead or SyndicateVarious Amount Invested$0.28 Realized Returns$0.00 Unrealized Returns$0.00 Total Returns$0.00 Gross IRR (b)0.00% Times Money (b)0.00
Intensity
Therapeutics
(e)
Westport, CT
Medical/
Pharmaceuticals
StageEarly Lead or SyndicateLead Amount Invested$1.63 Realized Returns$0.00 Unrealized Returns$1.63 Total Returns$1.63 Gross IRR (b)0.00% Times Money (b)N/M
VCapital As of September 30, 2016
$ in Millions
Investment
Information
Stage Lead or
Syndicate
Amount
Invested
Realized
Returns
Unrealized
Returns
Total
Returns
Gross
IRR (b)
Times
Money (b)
Intensity
Therapeutics
(e)
Westport, CT
Medical/
Pharmaceuticals
StageEarly Lead or SyndicateLead Amount Invested$0.69 Realized Returns$0.00 Unrealized Returns$0.69 Total Returns$0.69 Gross IRR (b)0.00% Times Money (b)N/M
Cleversafe
Chicago, IL
Computer
StageEarly Lead or SyndicateLead Amount Invested$0.03 Realized Returns$0.06 Unrealized Returns$0.00 Total Returns$0.06 Gross IRR (b)N/M Times Money (b)1.90
Total Amount Invested$34.95 Total Realized Returns$125.88 Total Unrealized Returns$7.40 Total Total Returns$133.29 Total Gross IRR (b)28.02% Total Times Money (b)3.81
  1. Organizations included on this schedule represent venture capital organizations which Leonard Batterson formed and managed. The investment record is provided for informational purposes only, and past performance is no guarantee of future results.
  2. 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 Returns divided by the Amount Invested.
  3. The investments included for Batterson Johnson Wang (BJW) represent those for which Leonard Batterson was the lead investment professional during his tenure at BJW, and do not include all those investments for which he may have involved, and therefore do not represent the returns of BJW as a whole.
  4. The Unrealized Return for Cleversafe represents the amounts expected to be received in 2016 and 2017 from the escrow relating to the sale of the investment in 2015.
  5. The Unrealized Return for Intensity Therapeutics represents the cost of the investment.