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rope Acquisitions and is based in London. Since joining Blackstone in 2011, Mr. Seppala has been involved in a number of Blackstone's investments in the United States and in Europe. Prior to joining Blackstone in 2011, Mr. Seppala was a Vice President at Goldman Sachs & Co, where he spent 10 years focused on equit
nds. Prior to joining Blackstone, Mr. Nash was with Merrill Lynch from 1997 to 2007 where he led the finn's Real Estate Principal Investment Group - Americas. Prior to 1997, Mr. Nash held various positions with Barclays Bank, Bank of Nova Scotia and Dcloitte Haskins & Sells. Mr. Nash received a B.S. in Ac
me, certain income from sales and services), regardless of cash distributions from the company. In addition, gain on the sale of the CFC's stock by a United States Shareholder (during the period that the corporation is a CFC and thereafter for a five-year period) would be classified in whole or in part as a div
obligations under applicable federal, state and foreign securities laws (including, without I imitation, reports or notices in connection with the AIFMD and/or CFTC (as defined below) as well as other intemational jurisdiction- specific obligations)). In light of the heightened regulatory environment
SUBJECT TO THE GENERAL PARTNER'S ABILITY TO REJECT ANY COMMITMENT IN WHOLE OR IN PART. THE INTERESTS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT), OR ANY UNITED STATES STATE SECURITIES LAWS OR THE LAWS OF ANY FOREIGN JURISDICTION. THE I
TA00609521 VALAR Private Placement Memorandum 27 to accommodate the tax, regulatory or legal needs of investors (including, without limitation, non-United States investors) who would otherwise invest as Limited Partners of the Fund on substantially similar terms, including economic terms, as the Fund (collec
rship is marketed to EU-based investors: (i) the Partnership may be subject to certain reporting, disclosure and other compliance obligations under AIFMD, which may result in the Partnership incurring additional costs and expenses; and (ii) AIFMD will also restrict certain activities of the Partnershi
SUBJECT TO THE GENERAL PARTNER'S ABILITY TO REJECT ANY COMMITMENT IN WHOLE OR IN PART. THE INTERESTS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT), OR ANY UNITED STATES STATE SECURITIES LAWS OR THE LAWS OF ANY FOREIGN JURISDICTION. THE I
ary income on all or a portion of the gain from the sale of stock of a CFC. INVESTMENT BY THE PARTNERSHIP IN PASSIVE FOREIGN INVESTMENT COMPANIES. A non-United States corporation in which the Partnership invests may be classified as a passive foreign investment company ("PFJC') in one or more taxable years while t
tnership is marketed to these investors: (i) the Partnership may be subject to certain reporting, disclosure and other compliance obligations under AIFMD, which may result in the Partnership incurring additional costs and expenses; and (ii) AIFMD will also restrict certain activities of the Partnershi
re subject to investment risks, including possible invested. Further, the securities described in this presentation have not been registered under the United States Securities Act of 1933 or the Investment Company Act of 1940. We or persons associated with us may earn compensation from the fund described in th
luding at the initiative of the investor). In relation to each Member State of the EEA which, at the date of this Presentation, has not implemented AIFMD, this Presentation may only be distributed and interests in the Fund may only be offered or placed to the extent that this EFTA01395074 Presenta
re subject to investment risks, including possible invested. Further, the securities described in this presentation have not been registered under the United States Securities Act of 1933 or the Investment Company Act of 1940. We or persons associated with us may earn compensation from the fund described in th
luding at the initiative of the investor). In relation to each Member State of the EEA which, at the date of this Presentation, has not implemented AIFMD, this Presentation may only be distributed and interests in the Fund may only be offered or placed to the extent that this EFTA01395739 Presenta
re subject to investment risks, including possible invested. Further, the securities described in this presentation have not been registered under the United States Securities Act of 1933 or the Investment Company Act of 1940. We or persons associated with us may earn compensation from the fund described in th
luding at the initiative of the investor). In relation to each Member State of the EEA which, at the date of this Presentation, has not implemented AIFMD, this Presentation may only be distributed and interests in the Fund may only be offered or placed to the extent that this EFTA01397439 Presenta
re subject to investment risks, including possible invested. Further, the securities described in this presentation have not been registered under the United States Securities Act of 1933 or the Investment Company Act of 1940. We or persons associated with us may earn compensation from the fund described in th
luding at the initiative of the investor). In relation to each Member State of the EEA which, at the date of this Presentation, has not implemented AIFMD, this Presentation may only be distributed and interests in the Fund may only be offered or placed to the extent that this EFTA01396766 Presenta
Entities connected to both United States and AIFMD

Prince Andrew
PERSON
Alan Dershowitz
PERSON
Prince Charles
PERSON
Virginia Giuffre
PERSON
Woody Allen
PERSON
United Kingdom
LOCATION
Deutsche Bank
ORGANIZATION
Lawrence Krauss
PERSONDeutsche Bank Securities Inc.
ORGANIZATION
Puerto Rico
LOCATION
New York State
LOCATIONthe Securities and Exchange Commission
ORGANIZATION
North America
LOCATION
Columbia University
LOCATION
Geneva
LOCATION
New Zealand
LOCATION
Bahrain
LOCATIONGlendower
LOCATION
European Union
ORGANIZATION
Denmark
LOCATION