EFTA Document EFTA01451969

SOF III - 1081 Southern Financial LLC Section 5: Secondary Opportunities Fund Ill Secondary Opportunities Fund III. LP Monitoring and Risk Management After acquiring an investment for the Fund, and where considered by the Manager to be appropriate, the Secondary Team will actively manage the investment including, for example, utilising selective hedging to mitigate the potential impact of foreign exchange movements. Ongoing deal management will usually rest with the Secondary Team members