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2.85 MB
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Extraction Summary

2
People
5
Organizations
0
Locations
2
Events
2
Relationships
3
Quotes

Document Information

Type: Investment memorandum / fund prospectus
File Size: 2.85 MB
Summary

This document appears to be page 2 of a confidential investment memorandum or prospectus for 'New Leaf' (NLV) funds, specifically discussing the transition of Jim Niedel to Venture Partner for the NLV-III fund. It highlights the 'Long Term Track Record' of the fund managers, noting they have invested over $1.6 billion since 1995 through NLV and Sprout Capital funds, consistently outperforming benchmarks like Cambridge Associates. The document bears a House Oversight Committee stamp, suggesting it was part of a congressional investigation.

People (2)

Name Role Context
Jim Niedel Venture Partner / Senior Member
MD PhD working with the team for over twelve years; changing status to Venture Partner with the closing of NLV-III.
Fund Managers Investment Team
A 6 member senior team with 80+ years of venture investing experience.

Organizations (5)

Name Type Context
New Leaf
Venture capital team/firm (New Leaf Venture Partners implied).
NLV
Investment entity managing funds NLV-I, NLV-II, and NLV-III.
Sprout Capital
Previous funds (Sprout Funds) whose healthcare technology portfolios are part of the team's track record.
Cambridge Associates
Used as a benchmark for investment returns.
House Oversight Committee
Source of the document (via stamp).

Timeline (2 events)

2014-03-31
Performance information reporting date (as per footnote 5).
Future (relative to doc)
Closing of NLV-III fund.

Relationships (2)

Jim Niedel Professional/Employment New Leaf / NLV Team
Jim Niedel MD PhD has worked with the team continuously for over twelve years
New Leaf (NLV) Historical/Predecessor Sprout Capital
NLV-I, NLV-II and the healthcare technology portfolios in the Sprout Capital funds

Key Quotes (3)

"Jim Niedel MD PhD has worked with the team continuously for over twelve years and will continue to be a senior member of the NLV investment team for NLV-III"
Source
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Quote #1
"Performance has been consistently top-quartile since the mid-1990s"
Source
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Quote #2
"NLV-I, NLV-II and the healthcare technology portfolios in the Sprout Capital funds have invested over $1.6 billion in healthcare technology companies since 1995."
Source
HOUSE_OVERSIGHT_024013.jpg
Quote #3

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