EFTA Document EFTA01451564

SOF III - 1081 Southern Financial LLC Secondary Opportunities Fund III. LP 6% Reduced blind pool risk: On average, private equity fund interests purchased by the DB Secondaries Funds on the secondary market up to September 30, 2013 were 83% funded at the time of purchase." By purchasing fund interests at a later stage of their investment period, with the ability to complete due diligence" on existing portfolio companies, the Manager believes that investors in the DB Secondaries Funds have