EFTA01451811

SOF Ill - 1081 Southern Financial LLC 2013 dealflow still at the high level seen since 2008 With DB Secondaries continuing to emphasize rigorous selection Deal flows Opportunities reviewed vs. investments completed' Deals per week 8 - Total # of deals 7 6 5 4 3 I I 1 1 I 1 2 2008 2009 2010 2011 2012 Q3 2013 # of deals 1600 1400 1200 1000 800 600 400 200 -$217bn in volume reviewed Transacted: • 0.4% by value • 2.4% by number Deals reviewed Investments completed Source' DB PE. !Of :HLI`;n:.1uy9 purposes only (1) Deal flow information represents the aggregate deal flow reviewed by the DB Secondaries team between January 1. 2O..Z and September 30, 2013. Historical deal flow characteristics do not provide a prediction of futtee deal flow bench& See "Important Performance Information at the end of this presentation — - Deutsche Asset $ Wealth Management 21 CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00254813 DB-SDNY-0 108629 EFTA01451811