EFTA Document EFTA01451945

SOF III - 1081 Southern Financial LLC Secondary Opportunities Fund III, LP returns of 32.9% Gross IRR and 25.3% Net IRR and attractive multiples resulting in 2.07x gross return on invested capital and 1.86x net TVPI. DB SOF D is a 2010 vintage secondary fund' that has generated strong investment returns of 48.0% Gross IRR and 35.5% Net IRR and attractive multiples resulting in 2.64x gross return on invested capital and 2.15x net TVPI. DB SOF II, which held its first closing in 2011, is off