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sd-10-EFTA01452269Dept. of Justice

EFTA Document EFTA01452269

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SOF III - 1081 Southern Financial LLC Secondary market dealflow continued in 2012 Transaction volumes dominated by financial institutions and public pensions Secondary Market Value 2003 - 2013 USSbn ■Secondary Directs • Secondary LPs 30 25 20 15 10 103 8.5 Z1 7.5 16.4 9.2 20 9 25 0 25.0 2(' - 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013E Source: DB PE based on Cogent Secondary Pricing 'Trends & Analysis and UBS Outlook 2013. both January 2013 Deutsche Asset Wealth

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Dept. of Justice
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sd-10-EFTA01452269
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