EFTA01452274.pdf

SOF III - 1081 Southern Financial LLC DB Secondaries leverages global sourcing capabilities With particular strengh in Europe Sourcing levers Seller location, by value2 Differentiated structuring Access to >250 GPs and Access to DB PE global capabilities of Secondary >450 fund investments' platform' Team • Europe North America Asia • North America pi?•-e - nr",1 4 /" Rest of the World dr-i= / Lon / New York Deal source by value2 • Proprietary • Limited process !!! Syndication • Auction = 0% Perceived secondary market efficiency 1) DB PE's own calculation as of September 30. 2011 Subject to Deutsche Banks internal policies and procedures. GP = General Partner. 2) The DB Secondanes Funds' portfolio by fair market value as at September 30: 2013 Historical deal characteristi cs do not provide a prediction of future trends. Deutsche Asset Wealth Managerneni 20 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 109194 CONFIDENTIAL SDNY_GM_00255378 EFTA01452274