SOF III - 1081 Southern Financial LLC
DB Secondaries is positioned to emphasise pricing
discipline over volume
Fund size' • AlpInvest2 • LGT
$m • Ardian3 • Neuberger
10.000 • Coller Berman
— PE market • Goldman • Pantheon
indexing Sachs • Partners Group
— Global • HarbourVest • Paul Capital
• Landmark • Strategic
— Volume-driven Partners'
• Lexington
• Adams Street • Hamilton Lane
2000
• Arcano • JPMorgan
--- Value investing
• ARCIS • Morgan
Mid-sized — Regional / global • Committed Stanley
funds dIINr
4— Advisors • Newbury
— Selective, pursue
eak • DB • PineBridge
proprietary deals
500 • • Secondaries
• ite, ' • Pomona
• • • • •
• aft • •
• a 0
• Fondinvest • Portfolio
• • • 'I
• Greenparks Advisors
a •
— Value investing
• • • • • 0 •
• • ••••
Small • 17 Capital • Montauk
• • 8 • • 9o
•S.• • .
— Local al TriGuard
funds
— Niche strategies • •
••a• O
• Access
• Adveq • Permal
• •
• • Auda • Private Equity
100 ••• a a a •
1936 1998 2000 2002 2004 2006 2008 2010 2012 2014 Investors
• Capital
Dynamics • RCP
• Cubera • TIFF
Fund size • Unigestion
• Five Arrows
• 4500m • 5500.2000m • >S2000m • VCFA
• Headway
04500m (raising) ,:•$.5C0 • 2000m (raising) O )12000m (raising) • Willowridge
• Keyhaven
• 08 Secondaries
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CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 108630
CONFIDENTIAL SDNY_GM_00254814
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