t becoming harder to compete for small managers. The Blackstone Group (BX), C-2-8, Neutral « Jonathan Gray, Global Head

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Hermitage. TN 37076-8447 Phone: (855)375-4158 Fax: (215) 982-6302 Email: [email protected] Website: www.PartnerDataLinkcomalackstone The Blackstone Group L.P. (BX) is pleased to enclose your 2014 tax information. This information is provided to assist you in reporting your allocable share of partnership it

. None of the Underlying Fund, the Underlying Fund General Partner or the Underlying Fund Adviser (each as defined in the "Introduction" below), or The Blackstone Group L.P. and/or its affiliates ("Blackstone") or their respective affiliates (i) has participated in the offering of interests of the AlphaKeys Fund or (ii)