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gall 10- Hopper 11- Donatello 12- Pollock 13- Whitney 15- Constable 16- Cecconi 17- Bailey 18- Steinbeck 19- Guardi 21- Windmill I, II 23- Browning 24lonesco 25- Zampieri 26- Fitzgerald 28- Porter 29- Fitzgerald II 30- Abels 31- Laurel SOF II Sourcing Limited Process Proprietary Propr
owth potential, low leverage • Significant downside protection through securities owned (senior, PIK preferred and structured notes) • GP known to SOF Team through prior fund investment Laurel (SOF II & SOF III) US$147m 24% 11 fund 33 assets Europe Southern European bank • Motivated, distress
gall 10- Hopper 11- Donatello 12- Pollock 13- Whitney 15- Constable 16- Cecconi 17- Bailey 18- Steinbeck 19- Guardi 21- Windmill I, II 23- Browning 24lonesco 25- Zampieri 26- Fitzgerald 28- Porter 29- Fitzgerald II 30- Abels 31- Laurel SOF II Sourcing Limited Process Proprietary Propr
owth potential, low leverage • Significant downside protection through securities owned (senior, PIK preferred and structured notes) • GP known to SOF Team through prior fund investment Laurel (SOF II & SOF III) US$147m 24% 11 fund 33 assets Europe Southern European bank • Motivated, distress
gall 10- Hopper 11- Donatello 12- Pollock 13- Whitney 15- Constable 16- Cecconi 17- Bailey 18- Steinbeck 19- Guardi 21- Windmill I, II 23- Browning 24lonesco 25- Zampieri 26- Fitzgerald 28- Porter 29- Fitzgerald II 30- Abels 31- Laurel SOF II Sourcing Limited Process Proprietary Propr
owth potential, low leverage • Significant downside protection through securities owned (senior, PIK preferred and structured notes) • GP known to SOF Team through prior fund investment Laurel (SOF II & SOF III) US$147m 24% 11 fund 33 assets Europe Southern European bank • Motivated, distress
gall 10- Hopper 11- Donatello 12- Pollock 13- Whitney 15- Constable 16- Cecconi 17- Bailey 18- Steinbeck 19- Guardi 21- Windmill I, II 23- Browning 24lonesco 25- Zampieri 26- Fitzgerald 28- Porter 29- Fitzgerald II 30- Abels 31- Laurel SOF II Sourcing Limited Process Proprietary Propr
owth potential, low leverage • Significant downside protection through securities owned (senior, PIK preferred and structured notes) • GP known to SOF Team through prior fund investment Laurel (SOF II & SOF III) US$147m 24% 11 fund 33 assets Europe Southern European bank • Motivated, distress
Entities connected to both Browning and SOF Team

Prince Charles
PERSONSOF IV
ORGANIZATION
Bulgaria
LOCATIONEmilio Olmos
PERSONGlendower Capital
ORGANIZATIONChi Cheung
PERSONCharles Smith
PERSON
Macedonia
LOCATION
First Data
ORGANIZATIONFitzgerald II
PERSON
Laurel
LOCATION
Bank of England
ORGANIZATION
United States
LOCATIONthe SOF Team
ORGANIZATION
Porter
PERSON
Julie K. Brown
PERSON
Michael Douglas
PERSON
University of Oxford
ORGANIZATIONGlendower
LOCATION
George Mitchell
PERSON