www.HFOATX.com

The Houston Family Office Association

Serving Houston-based Single Family Offices since January 2006

www.HFOATX.com

Table of Contents

1. Welcome to HFOA

2. The Challenge for Family Office Professionals

3. What Do HFOA Members Have In Common?

4. HFOA Membership Criteria

5. HFOA Member Benefits

6. Past Quarterly Educational Events

7. Contact Information

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Welcome to HFOA…

The Houston Family Office Association (HFOA) was founded in January 2006 as an informal networking group for C-level Family Office Professionals

The group now includes many of Houston’s largest and wealthiest families and has evolved into a tight network of trusted friends and contemporaries

These family groups control large industrial and commercial businesses and have significant investments throughout Texas and around the world

Our quarterly educational events have included world class speakers from organizations including: Apollo, Goldman Sachs, Starwood, King Ranch, Halcyon, Dorchester, Crestline, Pinebridge, Department of Homeland Security, FLAG, Trusted Family, etc.

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The Challenge for Family Office Professionals

Family Offices tend to be strictly private with limited opportunities for networking, idea sharing, pooling of buying power, etc.

No two Family Offices are alike, making areas of overlapping interest hard to determine

o SFO with operating business vs. without operating business

o SFO staffed internally vs. reliance on external service providers

o Asset allocators vs. full investment management capabilities

o Single generation SFO vs. multi-generational family offices

o Private jets, multiple homes, art collections, security issues, etc.

The limited number of Family Office networking groups that exist have poor local penetration, are expensive, and lack trusted relationships

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What do HFOA Members Have in Common?

Trusted professionals with fiduciary responsibility to a single family Broadly defined roles covering multiple aspects of operating a SFO High powered group of accounting, legal, operational, and investment

management professionals Significant areas of overlapping interest common to all SFO’s:

- Education

- Networking

- Share Best Practice

- Consolidate Buying Power

- Reduce Risk and Avoid Mistakes

- Leverage Due Diligence and Deal Flow

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HFOA Membership Criteria

Single Family Office professionals only:- No principals or family members unless professionally qualified

- No service providers or multi-family offices

- No member of the group actively selling a product or service C-level Family Office professionals only:

- Either President, CIO, or COO

- Pre-dominantly Investment and / or Accounting Professionals Primarily based in Houston & committed to active participation Total active membership limited to 30 members Potential new members screened and approved

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HFOA Member Benefits:

HFOA membership currently includes the following:- Monthly breakfast meetings

- Quarterly speaker events

- Secure, password-protected website and mobile phone app for virtual collaboration

• Member Directory• Calendar of Events• Member’s only Discussion Board• Document Management Repository • Member Bios and Database of Expertise

- Discounted services from external service providers

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HFOA Member Only Private Network

Mobile App for iPhone Library of Information Group Discussion Board

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Past Quarterly Educational Events

Family Office Exchange Survey of SFO Performance. The State of the Bond Markets & What to Expect Next. Understanding a “Matched Book” Securities Lending Strategy. The Investment Environment & Opportunities in Europe and Asia. Evaluating Various Approaches to Asset Allocation for SFO's. Impact of Volcker Rule & Basel II regulations on the Secondary Private Equity Market. Reminiscences of a Wall Street Legend. The Future of Europe. U.S.A. Presidential Election Briefing from Capital Hill. End of Year Tax Planning and What to Expect in 2013. The Great Migration – Should Bond Investors Embrace MLPs? Japan: The impact of Abenomics: Hype or Reality? Why the Dow is going to 25,000 in the next 3 to 5 years. Waiting for the Fat Pitch: Asymmetric stock ideas in an uncertain and volatile market.

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Past Quarterly Educational Events

Market for Secondary Hedge Fund Interests: Why it exists and why it’s still not too late (again)!

Understanding co-investments and the private equity secondary market: what to buy, when to buy it, and what to do if you ever need to sell.

Distressed Investment Opportunities in the Worldwide Maritime Shipping Sector. Finding Value in a Recovering Real Estate Market. The $3 trillion opportunity for private equity in the US healthcare industry. Everything you ever wanted to know about private social networks. Finding alpha in litigation financing, liquidation funding, and other special situation strategies. How to make money buying steeply discounted claims and insolvency receivables from

bankrupt debtors. Cyber Security and How to Profit from Public-Private Investments that Combat Cyber Threats. Lower Middle Market Private Lending: The best risk adjusted returns in an uncertain market. Single Family Office Compensation: Benchmarking, Design and Current Market Rates

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For Further Information Contact HFOA Chairman: Marc Sharpe

Marc started his career as an Investment Banker for Wasserstein Perella & Co., Inc. in New York. From there he joined LJH Global Investments, Inc. and built an investment capability focused on asset allocation and manager due diligence for a number of successful private equity and hedge funds. In 1999, Marc moved to the UK and founded a venture capital incubator for The Protégé Group, where he successfully funded and launched four technology-related businesses. This experience led him to pursue greater operational experience, and upon returning to the USA, Marc joined Dell Inc. in Austin, TX, where he launched the digital entertainment strategy for the Consumer Division and rolled out the Dell kiosk program in over 200 malls throughout the country. A desire to take his operational experience back into the investment business, led Marc to join Goldman, Sachs & Co. in the Investment Management Division in Houston, TX. From there, he moved to the ‘buy-side’ and take a position as Portfolio Manager & Research Director for Galapagos Partners, L.P., a full-service multi-family office serving a select group of ultra-high net worth families. This allowed Marc to combine his passion for investing with his desire to build a business. After successfully growing the firm, and surviving the 2008 market crash with a positive net return, Marc was offered the opportunity to join SigmaBleyzer Investment Group to help develop a private equity business in the USA focused on a range of industries including Packaging, Business Services, Industrial Manufacturing, and Consumer Products. Most recently, Marc moved back into an investment management role with CAZ Investments, where he leads the firm's private equity business.

Marc is actively involved in the Houston community. He serves on the Board at the Holocaust Museum Houston Foundation, sits on the Investment Committee for two Houston based foundations, and serves as Chairman of the Houston Family Office Association. Marc is President of the Harvard Business School Club of Houston; and a member of the Houston Angel Network, the Greater Houston Partnership, The Association for Corporate Growth, and the Turnaround Management Association. Marc holds an MA from Cambridge University, an M.Sc. from Oxford University, and an MBA from Harvard Business School (where he was both a Fulbright and Harvard Scholar).

Twenty years of experience in strategy, finance, investment management, and operational roles. Based in Houston, TX, with an extensive global network that cuts across a wide range of industries, functions and geographies. Broad conceptual thinker with a track record of success in private equity, investment management, and family office businesses.

(T) 713-581-0448(E) msharpe@mba1998.hbs.edu

www.HFOATX.com

The Houston Family Office Association

Serving Houston-based Single Family Offices since January 2006