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ber 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and 1.5x TVPI (Total Value to Paid-in Capital), 0.9x DPI (Distributions to Paid-in Capital) and 23% Net IRR to investors. More specifically: • SO
Deutsche Bank cdleagues in the transactions that comnbuted to the disposition of Deutsche Bank's proprietary pnvate equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked in Si such transactions and the efforts described in this Memorandum in respect of the proprietary private &Key restructunng
ber 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and 1.5x TVPI (Total Value to Paid-in Capital), 0.9x DPI (Distributions to Paid-in Capital) and 23% Net IRR to investors. More specifically: • SO
Deutsche Bank cdleagues in the transactions that comnbuted to the dispassion of Deutsche Bank's proprietary pnvate equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked in all such transactions and the efforts described In Mrs Memorandum in respect of the proprietary private ochry restructunng
ber 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and 1.5x TVPI (Total Value to Paid-in Capital), 0.9x DPI (Distributions to Paid-in Capital) and 23% Net IRR to investors. More specifically: • SO
Deutsche Bank cdleagues in the Bansactiors that contributed to the dispassion of Deutsche Bank's proprietary pnvate equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked in Si such transactions and the extorts described in this Memorandum in respect of the proprietary private &hey restructunng
ber 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and 1.5x TVPI (Total Value to Paid-in Capital), 0.9x DPI (Distributions to Paid-in Capital) and 23% Net IRR to investors. More specifically: • SO
r Deutsche Bank cdleagues in the Bansactiors that comnbuted to the dispassion ci Deutsche Bank's proprietary pnvate equity portobo Charles Smith and Carlo Pirao.Broli were not invoked In an such transactions and the efforts described in this Memorandum in respect of the proprietary private terry restructunng
ber 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and 1.5x TVPI (Total Value to Paid-in Capital), 0.9x DPI (Distributions to Paid-in Capital) and 23% Net IRR to investors. More specifically: • SO
utsche Bank cdleagues in the transactions that contributed to the dispassion or Deutsche Bank's proprietary private equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked in Si such transactions and the effects described in this Merncrandum in respect or the proprietary private &hey restructunng
ber 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and 1.5x TVPI (Total Value to Paid-in Capital), 0.9x DPI (Distributions to Paid-in Capital) and 23% Net IRR to investors. More specifically: • SO
sche Bank cdleagues in the trans.actions that contributed to the disposition or Deutsche Bank's proprietary private equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked In all sum transactions and the efforts described in this Parnorandum in respect of the proprietary private equity restructun
ber 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and 1.5x TVPI (Total Value to Paid-in Capital), 0.9x DPI (Distributions to Paid-in Capital) and 23% Net IRR to investors. More specifically: • SO
utsche Bank cdleagues in the Bansactiors that contributed to the disposition or Deutsche Bank's proprietary private equity port:ow Charles Smith and Carlo Pirao.Broli were not invoked in an sum transactions and the efforts described in this Memorandum in respect or the proprietary private equty restructunng
ber 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and 1.5x TVPI (Total Value to Paid-in Capital), 0.9x DPI (Distributions to Paid-in Capital) and 23% Net IRR to investors. More specifically: • SO
Deutsche Bank cdleagues in the transactions that comnbuted to the dispassion of Deutsche Bank's proprietary pnvate equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked In Si sum transactions and the efforts described In the Merncrandum in respect of the proprietary private equty restructunng
ber 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and 1.5x TVPI (Total Value to Paid-in Capital), 0.9x DPI (Distributions to Paid-in Capital) and 23% Net IRR to investors. More specifically: • SO
eutsche Bank cdleagues in the transactions that comnbuted to the disposition or Deutsche Bank's proprietary private equity pordobo Charles Smith and Carlo Pirao.Broll were not invoked In tit sum transactions and the eels described in this Memorandum in respect or the proprietary private &Key restructunng ate
Entities connected to both Internal Rate of Return and Carlo Pirao
the SOF Program
ORGANIZATION
Prince Charles
PERSONDeirdre Davies
PERSONCharles Smith
PERSON
Deutsche Bank
ORGANIZATIONGlendower Capital
ORGANIZATIONthe SOF Team
ORGANIZATIONJoshua Glaser
PERSONSOF H
ORGANIZATION
Josh Brolin
PERSONChi Cheung
PERSONAdam Greer
PERSONCarlo Pirtioaroli
PERSONMerncrandum
LOCATIONCh Cheung
PERSONAdam Grater Name
PERSONBansactiors
PERSONcalculfte Net RR
ORGANIZATION