be required by law. In connection with the offering of limited partnership interests in the Master Fund, DB Private Equity, a business group within Deutsche Bank's Asset & Wealth Management division, is establishing Secondary Opportunities Fund III Private Client Feeder Fund (U.S.), L.P. (the "Onshore Feeder Fund") and Secondary Opport

any of its affiliates without consent of the Limited Partners and it is expected that DB Private Equity & Private Markets, a business group within Deutsche Bank's Asset & Wealth Management division, or an affiliate will perform certain duties through and on behalf of the Investment Manager in providing investment management services

any of its affiliates without consent of the Limited Partners and it is expected that DB Private Equity & Private Markets, a business group within Deutsche Bank's Asset & Wealth Management division, or an affiliate will perform certain duties through and on behalf of the Investment Manager in providing investment management services