The Legal Stuff

Dear Colleague:

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Given our collaboration with Stanford Medicine, University Medical Partners (“UMP”) from time to time becomes aware of private fund investment opportunities in the health and health adjacent segments (the “Investment Opportunities”).  In the past, UMP has made investments in such Investment Opportunities through its affiliated entity, UMP-HOPE (“UMPH”), and has offered qualified UMP colleagues (“UMP Persons”) the opportunity to personally invest in such Investment Opportunities directly.

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UMPH has become aware that the minimum investment threshold for certain Investment Opportunities has become prohibitively high for UMP Persons who otherwise desire to make a personal investment.  As a convenience to such UMP Persons going forward, UMPH intends to form a special purpose vehicle (the “SPV”) for certain Investment Opportunities, the sole purpose of which will be to pool the personal investments of UMP Persons in order to achieve the minimum investment threshold for such Investment Opportunity.  UMPH may continue to invest directly in such Investment Opportunities and the SPV would invest alongside UMPH. 

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UMPH will establish any SPV strictly as an accommodation for UMP Persons that have a desire to personally invest in Investment Opportunities but cannot meet the minimum threshold individually. [SPV investors may be required to bear certain fees related to the costs of administering the SPV.] Neither UMP nor UMPH will provide any investment or financial advice, or legal, tax or other advice, in connection with your decision whether or not to personally invest in the SPV.  Prospective investors in the SPV should consult their own investment, financial, legal, tax and other professional advisors to determine the potential benefits, burdens, and other consequences of any investment in the SPV.

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If you would like to learn more about the SPV and potential Investment Opportunities, please contact Jordan Ballam at jballam@hopeventures.co.

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An investment in the SPV may only be made by qualified persons who have submitted properly completed and executed subscription documents to the SPV, which documents have in turn been accepted in writing by the SPV. 

This letter does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offering of securities will be made only by means of definitive offering documents and only in jurisdictions where permitted by law.  Any definitive offering documents will contain a description of the terms of the security, the offering and the issuer of the security, and will include a description of risks associated with the security.