EFTA01370108.pdf

Investment Process: Due Diligence The Portfolio Advisor has a process for the identification. due diligence and mitigation of risk factors in potential investments that it will seek to employ for the Issuer' Investing and Portfolio Origination Due Diligence Process Monitoring Formal approval to invest sought from IC Investment Committee Initial Review Detailed Due Diligence Structuring and Closing • Screen and diligence to • Analyze industry trends • Focus on key structuring Deal team presents decide whether to initially and competitive terms that most directly investment analysis and pursue or decline a positioning reduce risk and improve recommendation to transaction recovery scenarios in a Investment Committee • Build and stress financial default • Assess investment model • Discuss merits and merits including infra Review legal considerations of • Scrutinize structure and sub-sector trends. documentation for terms potential investment covenants transaction risks, quality addressing key credit • Consider portfolio of sponsor • Meet with sponsor and / issues construction management, and or management potential risk-adjusted • Unanimous IC approval return required • Make and close investment (1) Process shown is indicative and subject to adaptation and change in any particular context Deutsche Asset Management Infrastructure Debt Presentation RIN II Equity March 2018 34 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0062712 CONFIDENTIAL SDNY_GM_00208896 EFTA01370108