Avantgardeitcbybt mediumoblique

_______ Professo fictional primary Copyrig write Ha photoco

N I C O L

J U S T I N

On

Cl real e billion Busin two fa public indivi on pro

Th the G Sabop the Cl

In you m (Exhib has b analy

In questi

(1)

(2)

(3) modif

(4) Clayb repres

_______________

or Nicolas P. Retsi lized. HBS cases a

y data, or illustratio

ght © 2009 Presiden arvard Business Sc

opied, or otherwise

A S P . R E T S I N A S

N G I N S B U R G H

ne Sout

aybyrd Fund state and infr n in four fun

ness School al amily trusts. c and priva iduals. The f otecting capit

he Claybyrd F eneral Partne

put Group LL laybyrd fund

your positio must vote on bit 1), financi

been prepared sis and the de

preparation ions:

) Should Clay

) If Claybyrd

) If you choo fied to increas

) Would your byrd Investm senting the G

_______________

inas and Research are developed sole ons of effective or in

nt and Fellows of H chool Publishing, Bo

reproduced, poste

S

th: Inve

d II is part of T rastructure se

nds dedicated lumnus soon The firm has

ate pension irm adopts a tal and hands

Fund II’s inv er 2) a represe LC, a leading N ds.

n as The Sab this investme ial model (Ex d by the Cla eal terms neg

for the upco

ybyrd invest?

proceeds wit

ose to vote se its attractiv

r decision ch ment Commit General Partne

_______________

h Associate Justin G ely as the basis for neffective managem

Harvard College. T oston, MA 02163, o

ed, or transmitted, w

esting i

The Claybyrd ectors in the In d to the India

after gradua expanded to funds, leadi ground-up, v

s-on asset man

vestment com entative of th New York ba

boput Group’ ent opportun

xhibit 2) and r aybyrd Fund

gotiated by the

oming Investm

? What are th

th the investm

against the i veness to Clay

hange if you w ttee rather th er?

________________

Ginsburgh prepare r class discussion. ment.

To order copies or or go to www.hbsp without the permis

n Emer

d Group Inc., ndian sub con

an market. T ation. The ini o include insti ing financial value approac nagement.

mmittee consis he firm’s foun ased value inv

s representat ity after due rent roll (Exh

d’s investmen em.

ment Commi

he critical fact

ment, what du

investment, h ybyrd (and th

were the rep han of The S

_______________

ed this case. Some Cases are not inte

request permission p.harvard.edu/edu ssion of Harvard Bu

rging M

, a private equ ntinent. The f he firm was tial investors itutional inve

institutions, ch to all its in

sts of three m nding investo vestment firm

tive on the Cl evaluation of

hibit 3) presen nt team base

ittee meeting,

ors underlyin

ue diligence p

how might t hus to you as

resentative o Saboput Gro

_______________

e data and names ended to serve as

n to reproduce mat cators. This publica usiness School.

Markets

uity firm inve firm currently founded in 2

s were two H estors-- unive , and select

nvestments w

members: 1) C ors 3) a repres

m which is the

laybyrd Inve f the Investm nted to you. T ed in India a

, please cons

ng the decisio

process needs

the Project Ic an investor)?

of the foundin oup LLC? W

9-210- S E P T E M B E R 1 5

________________

have been disgui endorsements, so

terials, call 1-800-5 ation may not be d

s (A)

esting primar y has over US 2003 by a Ha

HBS professor rsity endowm

t high net w with a specific

Claybyrd, wh sentative from

e largest inves

stment Comm ment Memoran

The memoran and includes

sider the follo

on- pros and c

to be underta

carus propos ?

ng partners o What if you

-024 5 , 2 0 0 9

______

sed and urces of

45-7685, igitized,

rily in S $ 1.7 arvard rs and ments, worth focus

hich is m The stor in

mittee ndum ndum

their

owing

cons?

aken?

sal be

on the were

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

210-024 One South: Investing in Emerging Markets (A)

2

Exhibit 1 Project Icarus Investment Memo

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

One South: Investing in Emerging Markets (A) 210-024

3

Exhibit 1 Project Icarus Investment Memo (Continued)

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

210-024 One South: Investing in Emerging Markets (A)

4

Exhibit 1 Project Icarus Investment Memo (Continued)

This document is authorized for use only in REE4956 by Dr. Julia Freybote, Florida International University from April 2016 to October 2016.

One South: Investing in Emerging Markets (A) 210-024