Epstein Secrets

Confidential See below, transaction we did w CB&S today - KCP cap markets client (Southern Financial, PB relationship). Was the first trade done in North America on the Commodity Short vol index. All other transactions done by CB&S thus far have been w clients in Europe. In addition client did a credit trade

fication: Confidential Well done Daniel. This is what we were looking to accomplish when we hired you. Keep it up! Chip Packard Managing Director Deutsche Asset and Wealth Management 345 Park Avenue New York, NY. 10154 Phone: Mobile Email: From: Caroline Kitidis Sent: Tuesday, January 13, 2015 02:53 PM

in London. During this time, he was instrumental in establishing the firm's Infrastructure Finance practice and led the extension of this effort into North America in 2006. Previously, Mr. Rodriguez was a Vice President at BNP Paribas in the Loan Syndications group with a focus on structured and leveraged syndi

astructure Debt Mr. Rodriguez is responsible for the management and strategic direction of the Global Infrastructure Debt business. Prior to joining Deutsche Asset Management in 2011. Mr. Rodriguez spent two years as a Managing Director within Aladdin Capital Management's Infrastructure Debt Business. Prior to that, Mr. R

in London. During this time, he was instrumental in establishing the firm's Infrastructure Finance practice and led the extension of this effort into North America in 2006. Previously, Mr. Rodriguez was a Vice President at BNP Paribas in the Loan Syndications group with a focus on structured and leveraged syndi

astructure Debt Mr. Rodriguez is responsible for the management and strategic direction of the Global Infrastructure Debt business. Prior to joining Deutsche Asset Management in 2011. Mr. Rodriguez spent two years as a Managing Director within Aladdin Capital Management's Infrastructure Debt Business. Prior to that, Mr. R

capabilities With particular strengh in Europe Sourcing levers Access to >250 GPs and Access to DB PE global >450 fund investments' platform' North America pi?•-e - nr",1/4" dr-i= / Lon / New York Differentiated structuring capabilities of Secondary Team Perceived secondary market efficiency As

ondanes Funds' portfolio by fair market value as at September 30: 2013 Historical deal characteristics do not provide a prediction of future trends. Deutsche Asset Wealth Managerneni • Europe • North America Rest of the World • Proprietary • Limited process !!! Syndication • Auction = 0% 20 CONFIDENTIA

versification As of September 30, 2013 Asset Type Asset Geography 3% • Fund Secondaries (LPs) • Direct Secondaries Co-investments • Europe • North America Rest of the World Investment Strategy 12% 12% 4% 31% • Co-Investment • Mid-Market Buyout a Growth Equity / Late Stage Venture Capital • Me

read and reviewed in corijunction with the 'Important Perfonnance Information' and 'Certain Risk Factors' sections at the end of this presentation. Deutsche Asset 3 Wealth Managerneni 36 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 109210 CONFIDENTIAL SDNY_GM_00255394 EFTA01452287

n London. During this time, he was instrumental in establishing the firm's Infrastructure Finance practice and led the extension of this effort into North America in 2006. Previously, Mr. Rodriguez was a Vice President at BNP Paribas in the Loan Syndications group with a focus on structured and leveraged syndi

ructure Debt Mr. Rodriguez is responsible for the management and strategic direction of the Infrastructure Debt's global business. Prior to joining Deutsche Asset Management in 2011, Mr. Rodriguez spent two years as a Managing Director within Aladdin Capital Management's Infrastructure Debt Business. Prior to that, Mr. R

28 private equity funds purchased through an SPV, providing exposure to buyout, special situations, venture capital and real estate strategies in North America, Europe and Asia. The number of funds and companies is a best estimate and shows the aggregate of each deal at closing and may include some double

Opportunities Fund IV, LP1 ("SOF IV" or the "Fund") is being formed by Glendower Capital ("GC"): • An independent secondary manager spun-off from Deutsche Asset Management in August 2017 • Fully owned by its partners who worked together for 15 years • Established 23-strong team with US$3 billion in total client asset

28 private equity funds purchased through an SPV, providing exposure to buyout, special situations, venture capital and real estate strategies in North America, Europe and Asia. The number of funds and companies is a best estimate and shows the aggregate of each deal at closing and may include some double

Opportunities Fund IV, LP1 ("SOF IV" or the "Fund") is being formed by Glendower Capital ("GC"): • An independent secondary manager spun-off from Deutsche Asset Management in August 2017 • Fully owned by its partners who worked together for 15 years • Established 23-strong team with US$3 billion in total client asset

28 private equity funds purchased through an SPV, providing exposure to buyout, special situations, venture capital and real estate strategies in North America, Europe and Asia. The number of funds and companies is a best estimate and shows the aggregate of each deal at closing and may include some double

Opportunities Fund IV, LP1 ("SOF IV" or the "Fund") is being formed by Glendower Capital ("GC"): • An independent secondary manager spun-off from Deutsche Asset Management in August 2017 • Fully owned by its partners who worked together for 15 years • Established 23-strong team with US$3 billion in total client asset

28 private equity funds purchased through an SPV, providing exposure to buyout, special situations, venture capital and real estate strategies in North America, Europe and Asia. The number of funds and companies is a best estimate and shows the aggregate of each deal at closing and may include some double

Opportunities Fund IV, LP1 ("SOF IV" or the "Fund") is being formed by Glendower Capital ("GC"): • An independent secondary manager spun-off from Deutsche Asset Management in August 2017 • Fully owned by its partners who worked together for 15 years • Established 23-strong team with US$3 billion in total client asset