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sd-10-EFTA01451967Dept. of Justice

EFTA Document EFTA01451967

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SOF III - 1081 Southern Financial LLC Section 5: Secondary Opportunities Fund lit Secondary Opportunities Fund III, LP Exhibit 16: Due diligence process combines top down asset selection with bottom-up pricing°. Investment requirements • Alvany of value in identilabit ellactne assets • Reasonable leverage al ponlo o company lova • Attractive -er• through' ere, mutest* a seconcary pacing Target 90 GPs and 250 funds • Of f die-shelf pnang for 70• funds • Adcttional 60 • raga piont

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Dept. of Justice
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sd-10-EFTA01451967
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