SOF III - 1081 Southern Financial LLC Section 1: Executive Summary Secondary Opportunities Fund III, LP will be able to continue to source less intermediated deal flow and work directly with sellers to address their objectives, which. in the Manager's experience. often include non-monetary factors such as confidentiality. speed of transaction and certainty of execution. The Manager believes that the Secondary Team's differentiated sourcing strategy will be complemented by a highly selective investment process and disciplined value-focused. bottom-up due diligence coupled with top-down asset selection to identify attractive investment opportunities. These evaluations will be conducted by the Secondary Team with the support of a wide range of analytical tools as well as leveraging DB PE's established relationships with 250 general partners, managers and advisers ('Fund Sponsors") of private equity investment hinds and Deutsche Bank's in-house due diligence capabilities.' DB PE is Deutsche Bank's global private equity asset manager focusing on primary and secondary fund investments as well as direct co-investments for institutional investors and high net worth individuals. DB PE has been managing private equity fund of funds products since 1991. DB PE manages assets greater than E7.9 billion (US$10.2 billion).* The investment portfolio consists of over 450 private equity and private debt fund commitments to more than 250 Fund Sponsors.10 DB PE is the culmination of an integration that brought together three distinct business units to form a unified operating platform under a single cohesive management team: Sal. Oppenheim Private Equity Partners, which began managing private equity funds of funds in 1991, RREEF Private Equity, which raised DB SOF in 2007 and the Private Equity Group of the Private Wealth Management division of Deutsche Bank. which raised its first fund in 1998. Investment Highlights The Manager believes that its market focus and st