EFTA01369716

The public equity markets have a long history of providing significant support and capital to a wide variety of focused financial vehicles Many sub-sectors have evolved from niche strategies targeting a specific market opportunity into well- established asset classes today Pershing Square Holdings USD2.8 billion IPG Joint Global Coordinator. Joint Bookrunnei d Slabi!Izalco Agent October 2014 Deutsche Bank Corporate Banking & Securities DB is the leading permanent capital franchise Leadership in the permanent capital space Business development o)monies r - I European hsted ninth 0ARES tOLt.O Residential mortgag REITtie lltrittoo SPACs THL Credit ITE "7 - • TCP CAPITAL raWH 'HORSE CORP. in Capitala ,ANNALY. tlearatfii III Western Asset gitt* EARN VANTAGE USISPanage" 9" tIV Gums 1101DINS rpric slibvint Ithnsatice is lle'rvitnOnn. iy_Ertioix I Cm. Qs Carta it tece Holm% ,Fiat rd Nit. t AtOUSO globalComma Ursa Commercial MOftgage RE ITs Distressed bare vehicles C R E X EU 5 SJB Escrow Corp. MARFIN— • TETRAGON Now Logos represent selected DO elientsliansactions BS H Atternatwe financial assets NOW LOAN* IIIIRVICING EOLUMNIS Reinsurance vehicles RIVER STQNE le lADDIR CAWAV OXLC India CAPITAL ocused ajternative asset mana CC LOANCORE BMX SOW ABR RE -4-1,114 n . MEDLEY I,ITH)IRf ET Debt capllahzation structwing KENNEDYWIISON BiltIONTRE " }limn,' \/ 31 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0062151 SDNY_GM_00208335 EFTA01369716