EFTA Document EFTA01354435

GLDUSI43 Henry Nicholas Rigorous sourcing and deal selection process Access to extensive industry network developed over 15 years • GPs, LPs, Advisory Board members • Close private banking relationships: DB Wealth Management, Raymond James, Alex Brown Law firms, sourcing agents, banks Proactive top-down approach Engage directly with potential seller universe: banks, insurance companies, pension funds Off-the-shelf pricing for closely monitored library of >100 funds Investor of reference in GP-led and Single Asset Deals • Completed over 30 deals since 2007 • Substantial follow-on deal flow subsequent to first transaction -3,000 potential deals screened since 2007, for c.US$400bn Significant buy & sell side experience • 100 transactions' over 10 years for US$3bn • Invested in oven 350 funds globally • Wind-down of USS6bn DB PE proprietary pod€olio Fitters Filters Filters Transacted 1% by value across c. 100 transactions' Disciplined deal-by-deal underwriting of target unlevered returns to SOF LPs • Value investing, bottom-up approach Unique GP-restructuring and spin-off experience • As seller, as buyer. own spin-off 03 Source. Glereaer Capital Fin: Watery information as at 15 Rriarch 2013. Nr.--rnbar of transecicosIncheies rrirreernerls armi splits out transactions vrti;ch have, been sonecaialed in one jai for rer.twlinr; pcirpolea Glendower Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0039029 SDNY_GM_00185213 EFTA01354435