EFTA Document EFTA01370438

Disciplined Investment Process Drives Performance Selectivity Drives Performance Extensive relationships with financial sponsors, advisors and banks lead to a robust pipeline of investment opportunities • Market position and specialized expertise results in greater investment discipline and selectivity • Active and specialized investing style provides early access to deals, ability to influence terms, and facilitate desired allocations Deals Reviewed vs. Investments Made — Infrastructure Debt Team # of Deals 30 24 18 12 6 0 3O14 Deals Invested/ Deals Reviewed (%) 100% /M1 AO I 1 - 1 20 % I- 90% 5°% 7• 0% 60% I. 5°0 • /%0 I- 30% IL 10 111 1 - 11 4O14 1Q15 2O15 3O15 4O15 1O16 2O16 3Q16 4O16 1O17 2Q17 3Q17 4Q17 Investments —Deals Reviewed - % Invested For illustrative purposes only. No inference can be made that completed deals would be more or less profitable to a potential investor. Past performance is not indicative of future results. Source: Deutsche Asset Management as of December 31, 2017. Deutsche Asset Management Infrastructure Debt Presentation: RN II Equity March 2018 22 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00209424 DB-SDNY-0063240 EFTA01370438