1 Private Markets STRICTLY PRIVATE & CONFIDENTIAL, FOR INTERNAL DISTRIBUTION ONLY
AFS Private Markets: Process Chart
Description AFS-ARA IV AFS Description
RE, Infra, PE: RE, Infra, PE:
All direct deals / co-invests Idea Generation All direct deals / co-invests
All third party funds All third party funds
Real Estate
RE Direct Deals: Fail All other than RE Direct
Initial due diligence, Initial Viability Review Initial Viability Review Deals: Initial Due Diligence,
Prioritisation Prioritisation
V
Fail
TRC Review (TRC Paper) ARA TRC AFS PDC PDC Review I (2-4 Page Paper)
a .
V
PWM, KCP, GCG Fail PWM, KCP, GCG
+ TRC/PDC Members Demand Assessment + TRC/PDC Members
+ PSG Involvement + PSG Involvement
+ Regional Commercial Cmts + Regional Commercial Cmts
Fail
WREC: Lead by ARA Wealth RE Committee AFS PDC PDC Review II
Fad AFS PEPM Structuring
ARA / AFS PEPM Structuring
Legal documentation
Legal documentation
Manufacturing NPA
Manufacturing NPA
PSG— Due Diligence, WM NPAs
PSG— Due Diligence, WM NPAs
Feedback to PDC
Feedback to WREC Abort
Marketing & Closing
ARA / AFS PEPM Post-Close Services AFS PEPM
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