EFTA Document EFTA01451973

SOF III - 1081 Southern Financial LLC Secondary Opportunities Fund III. LP Exhibit 19: Secondary Team (continued) Adam Gram/ - Director (New York) ■ Based in New York, Adam is responsible for identifying and analysing secondary investment opportunities and leading the implementation and management of transactions. ■ He joined Deutsche Bank in 2007 in his current capacity. Previously he was at Pomona Capital focusing on secondary private equity transactions and buy-out co-investments. ■ Prior to Pomona, he executed direct private equity investments in venture and private equity companies as a senior vice president in the Private Equity Division of Lehman Brothers and at the Chatterjee Group, an affiliate of the Soros Funds. Previously he also worked as an analyst in technology investment banking at Cowen & Co. ■ Education: BA. Colgate University. Francesco Rigamonti - Director (London / Milan) ■ Based in Milan. Francesco is responsible for identifying and analysing secondary investment opportunities and leading the implementation and management of transactions. ■ He joined Deutsche Bank in 2000 with responsibility for corporate development in Italy and was involved in the reorganisation of the proprietary Private Equity portfolio (€5.1bn) of Deutsche Bank AG from 2003 to 2006 with a focus on the restructuring and harvesting of MGPE Italy's portfolio investments. ■ Previously he worked at Gallo & Co., an Italian merchant bank, where he focused on restructurings. ■ Education. MA, Milan University. The senior team is supported by a team of analyst to vice president level professionals who are responsible for the analysis of transaction opportunities and for supporting the senior professionals in the origination and execution of transactions. These junior professionals typically have two to three years of experience from a leading investment bank prior to recruitment into the Secondary Team. Investment Committee The Manager will establish an investment committee (the 'Investment Committee') that will evaluate investment opportunities for the Fund. The Investment Committee, in addition to other matters, will (i) evaluate the investment universe for the Fund, (ii) review detailed analysis of target investments, (iii) formulate strategies to acquire, divest or manage portfolio investments, and (iv) advise on the investment strategy of the Fund. The Investment Committee will consist of at least three members and will be responsible for approving investment decisions for the Fund, in accordance with the terms of the Fund Partnership Agreement. The quorum for the Investment Committee will be three, with decisions being made on a unanimous basis. From time to time, and as appropriate, the Manager may invite additional persons as observers to the Investment Committee. Confidential Private Placement Memorandum 47 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0108842 CONFIDENTIAL SDNY_GM_00255026 EFTA01451973