harlie Kim — CEO, NextJump. David Kirkpatrick — Author, 7he Facebook Effect. Fmr head technology writer, FORTUNE. Henry Kravis — Co-CEO of KKR. Chm, First Data. Boards: Claremont McKenna College, Metropolitan Museum of Art, Mount Sinai Medical Center, Council on Foreign Relations, Columbia Business School, R

invested in private equity over time. « KKR will manage concentration risk, and it is unlikely that the firm will make another investment as big as First Data again. The biggest advantage to having a ea Bankof America 44 2016 Future of Financials Conference | 17 November 2016 Merrill Lynch HOUSE_OVERSIGHT

1g% CEO, NextJump. *David Kirkpatrick*iz% Author, /The Facebook Effect/. Fmr head technology writer, FORTUNE. *Henry Kravis*1¢% Co-CEO of KKR. Chm, First Data. Boards: Claremont McKenna College, Metropolitan Museum of Art, Mount Sinai Medical Center, Council on Foreign Relations, Columbia Business School, R

e Kim*— CEO, NextJump. *David Kirkpatrick*— Author, /The Facebook Effect/. Fmr head technology writer, FORTUNE. *Henry Kravis*— Co-CEO of KKR. Chm, First Data. Boards: Claremont McKenna College, Metropolitan Museum of Art, Mount Sinai Medical Center, Council on Foreign Relations, Columbia Business School, R

capital HOUSE_OVERSIGHT_024277 --- PAGE BREAK --- PARTNERS AND ADVISORY BOARD ALISON DAVIS* |! Director: Royal Bank of Scotland, XOOM, Fiserv and First Data MARY CRANSTON | Director: VISA, ex-CEO and Chair of Pillsbury Winthrop TERRY SCHWAKOPF | EVP: Federal Reserve Bank of San Francisco, banking supervi