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The lethargic state of global credit markets (in particular, in Europe), ma' make it difficult for financial sponsors to obtain favorable PR305378-MAXWELL_ Blackstone Real Estate Partners Europe V 73 CONFIDENTIAL UBSTERRAMAR00001920 EFTA00237551 Risk Factors and Potential Conflicts of Interest f
urrent Income from an Investment to its ER305378-MAXWELL Blackstone Real Estate Partners Europe V 27 CO
nvest in the Partnership as a part of an overall investment strategy, and only tf the investor is able to withstand a total loss of its investment. No Assurance of Investment Return. The General Partner, the Investment Advisor and/or any of their affiliates cannot provide assurance that they will be able to choose, make, and rea
l Estate Opportunities Fund II, L.L.C. ER305378-MAXWELL CONFIDENTIAL UBSTERRAMAR00001774 EFTA00237405
he Administrator or any of their respective affiliates and (ii) does not necessarily reflect the views or opinions of UBS or any of its affiliates. No Assurance of Investment Return The AlphaKeys Fund is intended for long-term investors who can accept the significant risks associated with investing in illiquid securities. There
ANY OFFERING MEMORANDUM FOR THIS POOL. ML281817-MAXWELL CONFIDENTIAL UBSTERRAMAR00002260 EFTA00237816
le discretion, to make such an offer to one or more Investors and not to the other Investors, and may do so without notice to the other Investors. No Assurance of Investment Return. The AlphaKeys Fund is intended for long-term Investors who can accept the significant risks associated with investing in illiquid securities. ML2
tes; therefore, the Administrator's and its affiliates' or subsidiaries' losses in the AlphaKeys Fund will be limited to losses attributable to the MAXWELL CONFIDENTIAL UBSTERRAMAR00001208 EFTA00236854 Interests in the AlphaKeys Fund held by the Administrator and its affiliates or subsidiaries in t
le discretion, to make such an offer to one or more Investors and not to the other Investors, and may do so without notice to the other Investors. No Assurance of Investment Return. The AlphaKeys Fund is intended for long-term Investors who can accept the significant risks associated with investing in illiquid securities. -MA
Entities connected to both Ghislaine Maxwell and No Assurance of Investment Return

Prince Andrew
PERSON
United States
LOCATION
New York
LOCATION
Stephen Hawking
PERSON
the Internal Revenue Service
ORGANIZATION
United Kingdom
LOCATION
Philadelphia
LOCATION
Federal Reserve
ORGANIZATION
UBS AG
ORGANIZATION
U.S. Treasury
ORGANIZATION
Goldman Sachs
ORGANIZATION
FDIC
ORGANIZATIONMyers
PERSONthe District of Columbia
LOCATIONCayman
LOCATION
Madrid
LOCATION
Cayman Islands
LOCATION
Millennium
ORGANIZATION
Paul Volcker
PERSONthe U.S. Investment Company Act
ORGANIZATION