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RIN II •094 Alpha Group Capital LLC
Investment Highlights
The Preferred Shares of RIN II are intended to provide Investors with a number of benefits:
Benefits of Private
Infrastructure Debt
Favorable Risk Adjusted
Returns and Relative Value
Low Correlation
Experienced Portfolio
Advisor and Leading
Platform
•
The Preferred Shares provide attractive access to private infrastructure loans that
frequently offer the following:
- Preferred position in capital structure with substantial equity cushion
- Stable expected returns realized through a contractually pre-determined interest
payment and principal repayment profile
- Security interest in collateral of critical infrastructure
- Historically low default and high recovery rates'
•
Potential for significant positive spread between investment margins and lower cost
funding
- Target asset credit yields of on average LIBOR + 3.25%-4.25%
- Seek attractive value relative to broadly syndicated loan market
•
Low correlation relative to sector equity investments as debt investments tend to exhibit
lower cash flow volatility than equity investments given their preferred position in the
capital structure
•
Low correlation among individual infrastructure assetsw
•
The Platform has a 23-year track record of delivering strong, stable returns for investors
•
Portfolio Advisor team with complementary skill sets and collective infrastructure
experience of approximately 78 years°
- Completed $37.0 billion of financing transactions across 96 infrastructure businesses°
- Ratio of seven investment professionals to 38 portfolio investments facilitates thorough
private equity style due diligence and daily investment monitoring
7 Source: 'Infrastructure Default and Recovery Rates 1983-2016', Moody's, July 2017.
8 For further information regarding the Portfolio Advisor team. see Section 9. Deutsche Asset Management Infrastructure Platform-PorOblio
Advisor Team Member Biographies*.
9 As of November 13, 2017. Based on Team members' professional activities. including experience at prior employers. Transaction numbers are
based on the collective team's experience: this includes acting in varying capacities such as a lead arranger and or a financial counterparty.
Confidential
9
February 2018
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0088686
CONFIDENTIAL
SDNY_GM_00234870
EFTA01386817