lass portfolios 4Q15 Panio-1.,-/TrPeArfomt, Paul Morris Managing Director Private Banker Paul Bartilucci Managing Director Portfolio Manager Joseph Dursi Thomas Heidenberger Director Associate Investment Specialist Portfolio Analyst For one-on-one presentation to qualified investors only. CONFID

Guess we aren't leading the deal From: Vahe Stepanian Sent: Monday, August 29, 2016 11:47 AM To: Stewart Oldfield; Daniel Sabba; Darlene Zong Cc: Joseph Dursi Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For Internal use only Stew - came across the below. Timing seems to be

f leverage (2x return function) From: Stewart Oldfield Sent: Wednesday, June 08, 2016 10:01 AM To: Vahe Stepanian; Richard Kahn Cc: Daniel Sabba; Joseph Dursi; Andrew King Subject: RE: indication on WTI risk reversals [C] Classification: Confidential Please pass along any feedback on the pricing if you h

Christopher Quartararo • Maurice Abitbol Xavier Avil David Man Joseph V 0- Connor udie Apple Nathaniel Morgan Darlene tong Stewart Oldfield Joseph Dursi Freddy Menjivar l ; Billy Obregon Thomas ORorke I Richard Ward Subject: KCP SPAC Teach-In [I) Attachments: SPAC Discussion Materials for KCP -

From: Richard Kahn Sent: 6/10/2016 5:06:12 PM To: Andrew King [a CC: Stewart Oldfie Vahe Ste•anian [email protected] Daniel Sabba Joseph Dursi I Subject: Re: indication on WTI risk reversals thank you for all your work on this been distracted on a project so lets discuss monday thanks

Mobil Email== <imageOO2.gii> From: Stewart Oldfield Sent: Wednesday, June 08, 2016 10:01 AM To: Vahe Stepanian; Richard Kahn Cc: Daniel Sabba; Joseph Dursi; Andrew King Subject: RE: indication on WTI risk reversals [C] Classification: Confidential Please pass along any feedback on the pricing if you h

f leverage (2x return function) From: Stewart Oldfield Sent: Wednesday, June 08, 2016 10:01 AM To: Vahe Stepanian; Richard Kahn Cc: Daniel Sabba; Joseph Dursi; Andrew King Subject: RE: indication on WTI risk reversals [C] Classification: Confidential CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-S

id he come back to you on this? From: Stewart Oldfield Sent: Wednesday, June 08, 2016 10:01 AM To: Vahe Stepanian; Richard Kahn Cc: Daniel Sabba; Joseph Dursi; Andrew King Subject: RE: indication on WTI risk reversals [C] Classification: Confidential Please pass along any feedback on the pricing if you h

ent: 6/7/2016 5:21:53 PM To: Stewart Oldfield I CC: Daniel Sabba Subject: RE: (No Subject) 0) Classification: For Internal use only Vahe, ; Joseph Dursi ; Andrew King ; Vahe Stepanian Brianna Fowler When you look at margin release on certain securities (like we do for SK occasionally), do you just

M To: Stewart Oldfield Subject: FW: J. Epstein & related accounts - your attention is needed [I] Classification: For Internal use only FYI From: Joseph Dursi Sent: Tuesday, November 29, 2016 2:37 PM To: Zbynek Kozelsky; Joshua Shoshan; Daniel Sabba Cc: Donald Summer; Vahe Stepanian; Todd Stevens; Tazia

Cc: Donald Summer; Vahe Stepanian; Todd Stevens; Tazia Smith; Joseph Dursi; Zbynek Kozelsky; Matthew Anderson Subject: J. Epstein & related accounts - your attention is needed [I] Importance: High Classification: For inte

From: Andrew King Sent: 6/13/2016 4:59:49 PM To: Andrew King Zbynek Kozelsky CC: Stewart 0ldfield Joseph Dursi Subject RE: Approval Needed - List of Preferreds Hey Ziggy, I thought I'd send a quick note to see if you were able to review the list. Stew had

From: Joseph Dursi Sent: 7/26/2016 7:25:48 AM To: Stewart Oldfield Subject: RE: intro to our head of investor solutions [ij Classification: For Internal use only

e on certain securities (like we do for SK occasionally), do you just need CUSIPs? From: Stewart Oldfield Sent: Tuesday, June 07, 2016 5:18 PM To: Joseph Dursi; Andrew King Cc: Daniel Sabba; Vahe Stepanian; Brianna Fowler Subject: FW: (No Subject) [I] Classification: For Internal use only Have you guys l

From: Stewart Oldfield Sent: 6/7/2016 6:52:36 PM To: Vahe Stepanian CC: Subject: ; Joseph Dursi Daniel Sabba [email protected]]; Brianna Fowler Re: (No Subject) (I) Classification: For Internal Use Only ; Andrew King Can you or Daniel rep

Mobile Email cimage002.gir> From: Stewart Oldfield Sent: Wednesday, June 08, 2016 10:01 AM To: Vahe Stepanian; Richard Kahn Cc: Daniel Sabba; Joseph Dursi; Andrew King Subject: RE: indication on WTI risk reversals [C] Classification: Confidential Please pass along any feedback on the pricing if you h

e the doc request. Can Josh help on Epstein? Best, Darlene From: Zbynek Kozelsky Sent: Friday, February 24, 2017 10:57 AM To: Darlene Zong Cc: Joseph Dursi; Andrew King Subject: RE: Goldman MM Requests for Stew Oldfield [I] Classification: For Internal use only 0, Will follow up on the access. Epste

From: Stewart Oldfield Sent: 2/22/2017 5:54:39 PM To: Andrew King CC: Joseph Dursi BCC: Subject: GS BDC - target list [II Classification: For Internal use only Aspen Grove Bright CFM Dorrance Parkview Everwatch Forrestal

tion: For internal use only From: zia Memon Sent: Tuesday, June 14, 2016 5:56 PM To: Todd Stevens; Stewart Oldfield; Zbynek Kozelsky; Andrew King; Joseph Dursi Subject: RE: Approval Needed - List of Preferreds Todd, Initial approval should come from the immediate supervisor (9/10 or 24 )of the person prep

ject: Hospital private REIT equity raise Date: August 22, 2016 at 3:36:01 PM EDT To: Richard Kahn < Cc: Bruce McDermott Stepanian < Rich, mt E Joseph Dursi >, Vahe We are working on a direct $300mm+ private equity raise for a new hospital REIT. Have had good traction with a group of potential lead