: U.S. Family Case Study 3: Non-U.S. Family S300MM of LP interest in a S400MM of illiquid commercial private equity fund Private Equity Group Willamette Management Duff and Phelps OUR APPROACH TO INVESTING Manage Risk of Concentrated Assets Generate liquidity 10% Ss: 3 I % 6% 10% 13,91rilik 3% 10% 3%