EFTA Document EFTA01451601

SOF III - 1081 Southern Financial LLC Secondary Opportunities Fund Ill, LP exclusively by the Fund and, in turn, by the Fund's Partners. Additional risk of loss as a result of the use of leverage The Fund may at any time borrow funds to make investments on a leveraged basis. The interest expense and other costs incurred in connection with such borrowing may not be recovered by income from investments purchased by the Fund. Gains realised with borrowed funds may cause the value of the portf