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e than 80 cleats and having screened thousands of funds over 10 years.22 • Unique sell-side experience. having participated in the restructuring of Deutsche Bank's 65.1 billion proprietary private equity portfolio from 2003 to 2006.21 Disciplined and selective investment process • Targets attractive risk-adju
uch transactions and the efforts described in this Merncrandum in respect of the proprietary private &Key restructunng are attributable to the whole Deutsche Bar* learn rather than any individual within it There can be no assurance that the Fund will achieve es investment oldectwe or its target return Confide
hodology adopted to calculate Net RR in respect d the SOF Funds is impacted by the SOF Funds use of subtended, line faculties The SOF Funds use (and SOF N s expelled to use) such realities to manage capes drawdoms as described in 'Cnnyckivins and use of subscription line facilibes: in Secbon 7: Risk Fact
e than 80 cleats and having screened thousands of funds over 10 years.22 • Unique sell-side experience. having participated in the restructuring of Deutsche Bank's 65.1 billion proprietary private equity portfolio from 2003 to 2006.21 Disciplined and selective investment process • Targets attractive risk-adju
uch transactions and the efforts described in this Merncrandum in respect of the proprietary private &Key restructunng are attributable to the whole Deutsche Bar* learn rather than any individual within it There can be no assurance that the Fund will achieve es investment oldectwe or its target return Confide
hodology adopted to calculate Net RR in respect d the SOF Funds is impacted by the SOF Funds use of subtended, line faculties The SOF Funds use (and SOF N s expelled to use) such realities to manage capes drawdoms as described in 'Cnnyckivins and use of subscription line facilibes: in Secbon 7: Risk Fact
e than 80 cleats and having screened thousands of funds over 10 years.22 • Unique sell-side experience. having participated in the restructuring of Deutsche Bank's 65.1 billion proprietary private equity portfolio from 2003 to 2006.21 Disciplined and selective investment process • Targets attractive risk-adju
uch transactions and the efforts described in this Merncrandum in respect of the proprietary private &Key restructunng are attributable to the whole Deutsche Bar* learn rather than any individual within it There can be no assurance that the Fund will achieve es investment oldectwe or its target return Confide
hodology adopted to calculate Net RR in respect d the SOF Funds is impacted by the SOF Funds use of subtended, line faculties The SOF Funds use (and SOF N s expelled to use) such realities to manage capes drawdoms as described in 'Cnnyckivins and use of subscription line facilibes: in Secbon 7: Risk Fact
Entities connected to both Deutsche Bank and SOF N s

Prince Charles
PERSONCharles Smith
PERSONJoshua Glaser
PERSONDeirdre Davies
PERSONChi Cheung
PERSONthe SOF Team
ORGANIZATIONInternal Rate of Return
ORGANIZATIONthe SOF Program
ORGANIZATION
Larry Summers
PERSONSOF H
ORGANIZATION
Josh Brolin
PERSONDeutsche Bath
ORGANIZATIONMerncrandum
LOCATIONCarla Pero-Buck Charles Sonnh
PERSONCarlo Pritio
PERSON