Epstein Secrets

.CEP .031 0 1 Nc03 4.5efr t VP& cit e tpp0/4\2 ; 044984 \f) s44 -cs 0 0 Source: Estrretes based on Thomson Reuters. Credit Suisse HOLT, Credit Suisse research 3 EFTA_R 1_02039968 EFTA02694022 Eye on the Market I September 25, 2011 J.P Morgan Topics: A note from the European Banking Authorit

ludes of f balance sheet terra and derivatives for all banks. G-3 banking sector loan to deposit ratios Rahn 1.8 1.6 - 1.4 1.2 1.0 0.8 0.6 Western Europe U.S. Sou ce: J.P. Morgan Securities LLC. Bloorrterg. • Median Weighted average =I= Europe: bigger banks, bigger problems Liabilities', Multip

031 0 1 4 54:3 4.5efrs44 -cs 0 &Sec% t VP& cit e •P,344\2;10493.1 \f) 0 Source: Estrretes based on Thomson Reuters. Credit Suisse HOLT, Credit Suisse research 3 EFTA_R1_02039981 EFTA02694033 Eye on the Market I September 25, 2011 J.P Morgan Topics: A note from the European Banking Authority

ludes of f balance sheet terra and derivatives for all banks. G-3 banking sector loan to deposit ratios Rahn 1.8 1.6 - 1.4 1.2 1.0 0.8 0.6 Western Europe U.S. Sou ce: J.P. Morgan Securities LLC. Bloorrterg. • Median Weighted average =I= Europe: bigger banks, bigger problems Liabilities', Multip

S NOT REVIEWED OR APPROVED THIS OFFERING OR THIS MEMORANDUM. THIS MEMORANDUM WAS PREPARED BY REPRESENTATIVES OF THE FUND AND IS BEING FURNISHED BY CREDIT SUISSE AS PLACEMENT AGENT SOLELY FOR USE BY PROSPECTIVE INVESTORS IN CONNECTION WITH THIS OFFERING. CREDIT SUISSE IS ACTING AS PLACEMENT AGENT FOR THE GE

a and Pacific 3% and the rest of the world 4%.45 \Z Sellers of the assets purchased by the SOF Funds were located in (by value) North America 43%, Western Europe 55% and the rest of the world 3%.46 The Manager expects to leverage non-monetary factors, such as confidentiality, trust, speed and certainty of e

S NOT REVIEWED OR APPROVED THIS OFFERING OR THIS MEMORANDUM. THIS MEMORANDUM WAS PREPARED BY REPRESENTATIVES OF THE FUND AND IS BEING FURNISHED BY CREDIT SUISSE AS PLACEMENT AGENT SOLELY FOR USE BY PROSPECTIVE INVESTORS IN CONNECTION WITH THIS OFFERING. CREDIT SUISSE IS ACTING AS PLACEMENT AGENT FOR THE GE

a and Pacific 3% and the rest of the world 4%.45 \Z Sellers of the assets purchased by the SOF Funds were located in (by value) North America 43%, Western Europe 55% and the rest of the world 3%.46 The Manager expects to leverage non-monetary factors, such as confidentiality, trust, speed and certainty of e

S NOT REVIEWED OR APPROVED THIS OFFERING OR THIS MEMORANDUM. THIS MEMORANDUM WAS PREPARED BY REPRESENTATIVES OF THE FUND AND IS BEING FURNISHED BY CREDIT SUISSE AS PLACEMENT AGENT SOLELY FOR USE BY PROSPECTIVE INVESTORS IN CONNECTION WITH THIS OFFERING. CREDIT SUISSE IS ACTING AS PLACEMENT AGENT FOR THE GE

a and Pacific 3% and the rest of the world 4%.45 \Z Sellers of the assets purchased by the SOF Funds were located in (by value) North America 43%, Western Europe 55% and the rest of the world 3%.46 The Manager expects to leverage non-monetary factors, such as confidentiality, trust, speed and certainty of e

S NOT REVIEWED OR APPROVED THIS OFFERING OR THIS MEMORANDUM. THIS MEMORANDUM WAS PREPARED BY REPRESENTATIVES OF THE FUND AND IS BEING FURNISHED BY CREDIT SUISSE AS PLACEMENT AGENT SOLELY FOR USE BY PROSPECTIVE INVESTORS IN CONNECTION WITH THIS OFFERING. CREDIT SUISSE IS ACTING AS PLACEMENT AGENT FOR THE GE

a and Pacific 3% and the rest of the world 4%.45 \Z Sellers of the assets purchased by the SOF Funds were located in (by value) North America 43%, Western Europe 55% and the rest of the world 3%.46 The Manager expects to leverage non-monetary factors, such as confidentiality, trust, speed and certainty of e

S NOT REVIEWED OR APPROVED THIS OFFERING OR THIS MEMORANDUM. THIS MEMORANDUM WAS PREPARED BY REPRESENTATIVES OF THE FUND AND IS BEING FURNISHED BY CREDIT SUISSE AS PLACEMENT AGENT SOLELY FOR USE BY PROSPECTIVE INVESTORS IN CONNECTION WITH THIS OFFERING. CREDIT SUISSE IS ACTING AS PLACEMENT AGENT FOR THE GE

a and Pacific 3% and the rest of the world 4%.45 \Z Sellers of the assets purchased by the SOF Funds were located in (by value) North America 43%, Western Europe 55% and the rest of the world 3%.46 The Manager expects to leverage non-monetary factors, such as confidentiality, trust, speed and certainty of e

one commodity trade body has denounced 'parasitic' traders [FT 2011b]. That my concerns are more widely held is supported by the recent decision of Credit Suisse to start a 'light-pool' for institutional investors. This is deliberately aimed at large volume traders and 'opportunistic traders' will be specifi

reasons. Since the oil shocks of the 1970s information negentropy has become one of the main sources of economic growth. For the last thirty years Western Europe has enjoyed substantial growth and significant increases in material wealth despite having an almost constant rate of energy usage. In Europe, info

4. None of New Leaf Ventures I, L.P., New Leaf Ventures IL, L.P., NLV-HI, the Management Company or any of their affiliates have any affilation with Credit Suisse nor any its affiliates (collectively, “Credit Suisse”). Credit Suisse has not compiled, reviewed or participated in the preparation of any of the per

s & Infrastructure. Investments will be predominantly in the U.S., but could include a small number of investments in other parts of the world (e.g., Western Europe or Canada). The focus within each sector will be the following: Biopharmaceuticals: As in NLV-I and NLV-II, biopharmaceutical investments will be th