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SOF III - 1081 Southern Financial LLC Section 1: Executive Summary Secondary Opportunities Fund III: LP of 2.9% and $29 million to the Fund. The key terms of the Fund are highlighted in Section 3: Summary of Principal Terms and set out in more detail in Section 7: Summary of Terms and Conditions. Certain risks and potential conflicts of interest associated with the Fund are highlighted in Section 8: Risk Factors and Section 9: Conflicts of interest, which Investors should consider carefully. Confidential Private Placement Memorandum 7 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0108802 CONFIDENTIAL SDNY_GM_00254986 EFTA01451942
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