EFTA01429535Set 10
138p25,724w
SOF Program
12%
12%
12%
12%
9%
15%
Net IRR
EFTA01429569
GLDUS238 SOUTHERN FINANCIAL LLC
SOF Funds show consistent performancel
Across different fund sizes, fund vintages and economic cycles ... SOF III and IV Update
Appendix
STRICTLY CONFIDENTIAL
21
EFTA01429572
GLDUS238 SOUTHERN FINANCIAL LLC
SOF Funds positioned as mid-sized value investor
Below large levered beta players, above small local
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01429535.pdf