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sd-10-EFTA01451814Dept. of Justice

EFTA Document EFTA01451814

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SOF III - 1081 Southern Financial LLC DB Secondaries has consistently priced below market Proprietary sourcing. pricing discipline and an experienced team have led to significant, consistent discount' % of NAV 120 109 110 90 80 84 70 60 50 65 40 Rale, 7 H08 Premium 42 '11111 Hill' '11111 Hill' '11111 Hill' 69 70 H13 21108 1H09 2I-109 11110 21110 11111 21111 11112 2H12 1 -0-Secondary market pricing (Buyout funds) -4{-DB Secondaries pricing !Ili -- -- -

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Dept. of Justice
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sd-10-EFTA01451814
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1
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