s to SOF LPs • Value investing, bottom-up approach Unique GP-restructuring and spin-off experience • As seller, as buyer. own spin-off 03 Source. Glereaer Capital Fin: Watery information as at 15 Rriarch 2013. Nr.--rnbar of transecicosIncheies rrirreernerls armi splits out transactions vrti;ch have, been sonecaial