SENIOR TEAM

Suhail Rizvi

Founder / CIO

Mr. Rizvi is co-founder and Chief Investment Officer of Rizvi Traverse Management. He has over 26 years of private equity investing, operations and management experience.

John A. Giampetroni

Founder / COO

Mr. Giampetroni is a co-founder and member of the Investment Committee of Rizvi Traverse. Mr. Giampetroni has over 25 years of investing experience.

Ben Kohn

Managing Partner

Mr. Kohn is a Managing Partner and leads Rizvi Traverse’s Los Angeles office. Mr. Kohn is a member of the investment committee of Rizvi Traverse and has over 18 years of investing experience.

INVESTMENT TEAM

George Akopov

Director

Mr. Akopov is a Director at Rizvi Traverse and has over 10 years of experience in private equity, mergers and acquisitions, corporate finance and accounting. Mr. Akopov also holds an MBA from UCLA Anderson School of Management.

OPERATIONS TEAM

Todd Knowles

CFO

Mr. Knowles is the Chief Financial Officer and is responsible for managing the financial reporting, accounting, fund administration and tax compliance functions for the firm.

Audrey DiMarzo

Principal and General Counsel

Ms. DiMarzo is Principal and General Counsel of Rizvi Traverse and has over 17 years of legal experience in private equity, venture capital, mergers and acquisition and securities law compliance. Ms. DiMarzo received a J.D. from Harvard Law School.

Karen Blanchard

CCO

Ms. Blanchard is the Chief Compliance Officer. Ms. Blanchard is responsible for managing all administrative functions of the firm, including compliance, regulatory, legal, and human resources.

James Caballes

Project Manager

James Caballes joined Rizvi Traverse Management in March 2007 and has over 30 years of experience in marketing, sales and operations, information technology, and improving corporate efficiencies.

Jennifer Rudoy

Accountant

Ms. Rudoy is a Senior Accountant at Rizvi Traverse Management and is responsible for assisting with all finance and accounting functions for the firm.

Jing Situ

Accountant

Ms. Situ is a fund controller at Rizvi Traverse Management and is responsible for accounting and tax functions under the supervision of the Chief Financial Officer.

Anna Cianci

Office Admin

Ms. Cianci is responsible for the administrative functions of the firm’s New York office.

>>748332 yes

Questions Answered on Rizvi Traverse’s SESAC Investment

January 22nd, 2013 via Billboard

WHAT? SESAC, the Society of European Stage Authors and Composers, has a new majority owner in private equity firm Rizvi Traverse. According to reports, Rizvi Traverse paid $600 million for a 75% stake in the company, which would give SESAC an $800 million valuation. Billboard sources say that more likely the price was $450 million for the 75% stake, which would result in a $600 million valuation. An earlier auction yielded bids of only $500 million-$550 million, they say.

WHY? Rizvi Traverse probably bought in, due to SESAC’s ability to produce a five-year 13% compound annual growth rate. Some see further growth opportunities in an expanded roster, or from diversifying into administration services, mechanical licensing or maybe even an international play. Beyond that, SESAC’s model leaves plenty of room for investors to recapture cash. In the last three years, BMI has paid out to songwriters and publishers 85.5% of the $2.7 billion it has collected; ASCAP has paid out nearly 87% of the $2.9 billion it has collected, while SESAC has paid out only 47%, or $167 million of the $356 million in revenue it collected, according to sources. In its most recent fiscal year, SESAC produced $41 million in EBITDA, while net publisher’s share was $68 million, on total revenue of $128 million. That model leaves plenty of cash for dividend payouts to owners.

WHO? Rizvi Traverse, a private equity firm that has made equity investments in talent agency ICM, film studio Summit Entertainment, Playboy, Facebook and Twitter. Meanwhile, the sellers-Stephen Swid, Allen & Co., entertainment lawyer Freddie Gershon and Ira Smith-bought SESAC in 1992 for $15 million. Along the way it sold 36% of SESAC to asset management firm Och-Ziff in a deal that valued SESAC at $410 million in 2010.

If the original investors retain a 25% stake, and Rizvi Traverse bought out their other 39% stake and Och-Ziff’s 36% stake, that means the latter received $216 million on its $147.6 million investment, while a $140 million debt offering from 2010 was also probably retired, leaving the original owners with a $94 million payout plus whatever dividends they paid themselves since 1992. For the last six years, that totaled $18 million in dividends and $158 million in dividend recapitalizations, or dividends funded by debt offerings.

IF? If new deep-pocketed owner Rizvi Traverse sees opportunity to grow SESAC, will it invest more funds for acquisitions? Or will it see SESAC as a safe cash-flow-producing investment like real estate, which produces predictable cash streams, and simply wait for dividends?

Meanwhile, SESAC management sees new growth opportunities in signing more international songwriters, and added revenue as digital service providers grow their revenue base. Currently, digital licensing accounts for only 2% of its revenue, while all broadcasting produces 60% of its revenue; general licensing to stores, concert halls, airlines, restaurants and bars brings in 25%; and foreign revenue accounts for about 13%. -Ed Christman

>>748325

> >>747062 Rizvi Traverse Portfolio Connections

>>748371

couple breads back anon posted I believe a Nov 22/23 drop saying Rizvi Traverse Important.Nov 23 2017 00:01:22 (EST) Q !ITPb.qbhqo ID: 66o6MRSe 150562337

Rizvi Traverse Management.

Very important.

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