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nges to 2016 GDP Estimate 7.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.0% 1.0% U.S. Europe Footnotes: Data as of March 2016. Data as of March Source: Deutsche Asset Management, Deutsche Bank Wealth Management. UK November 2015 Forecast for 2016 GDP Japan China World March 2016 Forecast For 2016 GDP Footnotes: Data as
t outperforms sovereigns in tightening cycles. — Cautious on EM debt due to the uncertain growth outlook but looking for opportunities to add. — Active management advised, especially in high yield. Footnotes: Outlook as of March 21, 2016 Multi-Asset Investment Committee Meeting and March 22, 2016
nges to 2016 GDP Estimate 7.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.0% 1.0% U.S. Europe Footnotes: Data as of March 2016. Data as of March Source: Deutsche Asset Management, Deutsche Bank Wealth Management. UK November 2015 Forecast for 2016 GDP Japan China World March 2016 Forecast For 2016 GDP Footnotes: Data as
t outperforms sovereigns in tightening cycles. — Cautious on EM debt due to the uncertain growth outlook but looking for opportunities to add. — Active management advised, especially in high yield. Footnotes: Outlook as of March 21, 2016 Multi-Asset Investment Committee Meeting and March 22, 2016
be made that completed deals would be more or less profitable to a potential investor. Past performance is not indicative of future results. Source: Deutsche Asset Management as of December 31, 2017. Deutsche Asset Management Infrastructure Debt Presentation: RN II Equity March 2018 22 CONFIDENTIAL - PURSUANT TO FED. R
obust pipeline of investment opportunities • Market position and specialized expertise results in greater investment discipline and selectivity • Active and specialized investing style provides early access to deals, ability to influence terms, and facilitate desired allocations Deals Reviewed vs. In
be made that completed deals would be more or less profitable to a potential investor. Past performance is not indicative of future results. Source: Deutsche Asset Management as of December 31, 2017. Deutsche Asset Management Infrastructure Debt Presentation: RN II Equity March 2018 22 CONFIDENTIAL - PURSUANT TO FED. R
obust pipeline of investment opportunities • Market position and specialized expertise results in greater investment discipline and selectivity • Active and specialized investing style provides early access to deals, ability to influence terms, and facilitate desired allocations Deals Reviewed vs. In
Entities connected to both Deutsche Asset & Wealth Management and Active

Jeffrey Epstein
PERSONDeutsche Bank Securities Inc.
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Paul Morris
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Martha Stewart
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Stewart Oldfield
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Marc Rich
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Prince Andrew
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ORGANIZATIONDeutsche Bank Trust Company Americas
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LOCATIONDarren Indyke
PERSONSouthern Trust Company
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Prince Charles
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New York University
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Samantha Power
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Michael Douglas
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