EFTA01370447.pdf

Investment Process: Investing and Portfolio Monitoring Active Portfolio Management: PM's seek to minimize risk to RIN Note holders through asset and portfolio level metrics Investing and Portfolio Origination Due Diligence Process Monitoring Constant communication across Investment Team, FAO. and Loan Information Agent li iffiffirr don uuu At Least Weekly Quarterly Ongoing • Forward calendar • Review fund performance • Watch list review • Fund compliance • Investment team meetings • Review monthly financials • Compliance certificate • Review fund performance • Reconciliation with trustee • Input monthly financials review • Amendments and waivers • Analysis of all watch list into credit monitoring • Review quarterly financials • Assets reviewed upon credits system • Input quarterly financials downgrades and sudden • Review news stories on • Compare financials to into credit monitoring price movements (if price borrowers/industries via prior year and budget system information is available) multiple news wires & • Conduct calls with • Compare financials to • Monitor secondary email alerts agent. sponsor and prior year and budget trading levels to assess • Assess potential borrower as • Email to entire team on interest in buying or covenant defaults appropriate performance and liquidity selling • Conduct analysis of as well as a buy/sell • Rating agency actions company results, industry recommendation trends. loan to value, key ratios and liquidity Deutsche Asset Management Infrastructure Debt Presentation RIN II Equity March 2018 37 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0063255 CONFIDENTIAL SDNY_GM_00209439 EFTA01370447