Conway is reported to sell the Angel funds to Credit Suisse First Boston. Letter to investors:
Dear Limited Partners of Angel Investors II, L.P. and Angel (Q) Investors II, L.P.:
We are following up the email we sent to you last week regarding the winding up of the fund this year.
We have successfully negotiated and signed a merger agreement with CSFB Strategic Partners II L.P. to sell Angel Investors II, L.P. and Angel (Q) Investors II, L.P. for $900,366.37 and $6,886,231.13, respectively.
The funds have more money that will be distributed to investors from reserves and the sale of securities, as well as $1.4 million of public securities that it will liquidate.