EFTA01386822.pdf

RIN II - 094 Alpha Group Capital LLC Investment Process The Portfolio Advisor has a developed process for effective selection, purchase and monitoring of investments that it employs for the Issuer. Investment Initial Due Investment Asset Selection Negotiation Sourcing Review Diligence Approval and Oversight Investing and Odginatlon Due Diligence Process Portfolio Monitoring Origination The Portfolio Advisor intends to accumulate up to approximately $15001 million in aggregate Principal Balance of Collateral Obligations through various investment channels as referred to in Exhibit 6 below. The Portfolio Advisor expects that it will continue to favor investing in the primary market based on its view that such loans will generally offer higher risk-adjusted returns than secondary market investments. Exhibit 6: Investment Channels PrimaryMarket Secondary Market Primary Market Loans Secondary Market Loans • Broad demand from financial sponsors for A • Sourcoo through banks and other tenders acquisition and refinancing debt suede' • Differordtatod setae's of investments vtth • Strong lender protections relative to broadly 1, IIIIIIII different market dynamics than broadly syndicated ban market syndKated loans • Benefit from not positi,te ban issuance lor • Potential source of initial investment infrastructure asSetS opportunities for the Issuer The Portfolio Advisor expects that the Issuer will benefit from its existing relationships with Sponsors, banks and other advisors that collectively may provide wide market coverage as shown in Exhibit 7 below. Exhibit 7 Investment Sources Ong -ate 8r881kunerts drecily from source Target nvolvorrant x oany gages et transactons and cc a brlateral Sponsors and Operators bass Per 10O Sponsors wth V s allaStnrettrre mese-nu-minket% SOS intleduCtOn to deainow through Ogler ItbderS and introdoCtals to Sponsors that the Teams not III/NW wtn Lenders Include banks and ban emerArnent funds - Oral 1045 tenders wth aCtrie V S lending aCtryne. Seek intrecktbem to dealtber and Sponsors through other adveSOrS Other Advisors • Includes leer firms, accounting turns due clrhgerbe panders and Other setisacton advnOry tams Confidential 21 February 2018 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0088698 CONFIDENTIAL SDNY_GM_00234882 EFTA01386822