given that the Fund will be successful in obtaining suitable investments at attractive prices or that it will be able to fully invest Commitments. Confidential Ptnrate Placement Memorandum 55 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0096349 CONFIDENTIAL SDNY_GM_00242533 EFTA01391434

wn and bottom-up analysis. Top-down identification of assets: an extensive private equity database listing certain funds is maintained with recent Confidential Ptnrate Placement Memorandum 26 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0097215 CONFIDENTIAL SDNY_GM_00243399 EFTA01392064

ent from those described above. Each Investor is urged to consult its own tax adviser regarding an investment in an alternative investment vehicle Confidential Ptnrate Placement Memorandum 85 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0097274 CONFIDENTIAL SDNY_GM_00243458 EFTA01392115