EFTA01452256.pdf

Actual returns on the unrealized investments made by the DB Secondaries Funds and discussed herein will depend orsafpcjegotbeifigdiejamtubmpetalieetestits. the value of the investments and market conditions at the time of disposition, the availabiity of financing, legal and contractual restrictions on transfer that may limit hquidity. any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions and circumstances on which the valuations used in the pnor performance data contained herein are based. Accordingly, the actual realized returns on the investments referred to herein may differ materially from the returns indicated herein. My forecasts provided herein are based upon DB PE's opinion of the market and are subject to change, dependent on future changes in the market. My prediction, projection or forecast on the economy, stock market. bond market or the economic trends of the markets is not necessary indicative of the future or likely performance. Certain information contained herein constitutes toward-looking statements and statements of opinion andfor belief. which can be identified by the use of forward-looking terwinology including. without limitation. words such as 'may", 'WIT, 'seek", *should", "expect'. 'anticipate. 'project', 'estinate. 'intend', *continue or "believe or the negatives thereof or other variations thereon or comparable terrniuluyy. Any such forward-looking statements (including, without imitation. projections of future earnings or value) and statements of opinion and/or belief contained herein represent DB PE's own assessment and interpretation of information available to it as at the date of this document (or at such other date as specified herein) and are subject to known and unknown nsks. uncertainties and other factors (many of which are beyond DB PE's control) which may cause actual results to be materially different from those contemplated in such statements. Any position taken by Deutsche Bank, DB PE or any other entity in the Deutsche Bark Group, or any of their respective affiliates may be adverse to any position taken by the Fund or Onshore Feeder Fund or by any investors in the Fund or the Onshore Feeder Fund. There are no restrictions that prevent the Fund. the Onshore Feeder Fund or Deutsche Bark from competing with each other on potential investments or engaging in other transactions that may compete with or othentise affect the Fund or the Onshore Feeder Fund. Accordingly, there may exist or arise conflicts of interest between the Fund. the Onshore Feeder Fund and/or Deutsche Bark. The views set out n this presentation are those of the manager of the Fund and may not necessarily reflect the views of any other division within Deutsche Bank. nolo:ling the Sales and Trading functions of the Corporate and Investment Bank or the Global Client Group of Deutsche Asset & Wealth Management. All services provided by the Sales and Trading functions of the Corporate and Investment Bank are purely on a non-advised, execution-only basis. DEUTSCHE BANK SPECIFICALLY DISCLAIMS ALL LIABILITY FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL OR OTHER LOSSES OR DAMAGES INCLUDING LOSS OF PROFITS INCURRED BY A PROSPECTIVE INVESTOR OR ANY THIRD PARTY THAT MAY ARISE FROM ANY RELIANCE ON THIS DOCUMENT OR FOR THE RELIABILITY. ACCURACY, COMPLETENESS OR TIMELINESS THEREOF. Please contact your DB sales representative for more information. Deutsche Bark does not provide accounting, tax or legal advice. Notwthstarding any other expressed or implied agreement, arrangement or understanding to the contrary, we hereby authorize you (and any of your employees. representatives or agents). subject to applicable V.S. federal and state securities laws, to disclose to any and all persons the structure and tax aspects of this potential transaction, and al materials of any kind (including opinions or other tax analyses) that are prowled to you related to such structure and tax aspects. without Deutsche Bark imposing any limitation of any kind. This authorization is effective without limitation of any kind from the commencement of our discussions. Net fund data (net 'NFL net IRR. etc). Net performance data reflects amounts net of the DB Secondaries Funds' expenses, fees and carried interest. Net IRR: Calculated based on the actual timing of cash inflows (capital contributions), outflows (cash and in specie distributions), and the ending partners' capital at the end of the period (residual value) of the investors' capital account at report date. The IRR is measured from the date of the first capital contnbution through to the most recently available report date. Net multiple. Represents Total Value net of carved interest as a multiple of capital invested by the DB Secondaries Funds. The information is presented for information purposes only. and is not representative of the actual returns received by an investor in DB SOF. DO SOF D. DB SOF II or the Fund. The information set forth in this presentation speaks only as of the date indicated; it was not revised to take account of events which have occurred subsequent to the date indicated and is subject to change Accordingly, it may not be representative of values or the amount that may ultimately be received with respect of an investment. No assurance can be given as to the actual events that may occur or the appropriate assumptions to be applied Information herein may include or be based upon certain "forward-looking statements." These fonvard400king statements include, but are not Invited to. the plans. projections. objectives. expectations and intentions of the Fund and the manager of the Fund and other statements contained herein that are not historical facts. These statements are based on current beliefs or expectations and are inhererdy subject to significant uncertainties and changes in circirnstances, many of which are beyond the control of the Onshore Feeder Fund, the Fund and the manager of the Fund. Actual results may differ materially and adversely from these expectations due to changes in, among other things, global, political, economic. business, competitive, market and regulatory factors. Past performance Is not an indication of the future performance of DB SOF, DO SOF D, DB SOF II, the Fund or the Onshore Feeder Fund. Issued and approved In the United States by Deutsche Bank Trust Company Americas. 2013 Deutsche Asset 8 Wealth Management. All rights reserved. 016582 121813 ONLY FOR INVESTORS ELIGIBLE TO INVEST IN PRIVATE EQUITY FUNDS STRONGLY PRIVATE 8. CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0109173 CONFIDENTIAL SDNY_GM_00255357 EFTA01452256