document_description: This document outlines the requirements for trusts, nominees, and individuals as part of an investor questionnaire. It specifies the necessary documentation and identification needed for settlors, trustees, and beneficiaries, including trust deeds, identity verification, and source of wealth. It also details the requirements for individuals, such as providing a driver's license or passport and proof of address.


source: doj

document_description: The document is an annex to an investor questionnaire for Southern Financial LLC, requiring signatures from entity or individual investors and a Deutsche Bank representative. It includes consent for verification documents to be provided to Deutsche Bank Trust Company Americas.


document_description: A confidential letter of authorization related to Southern Financial LLC, marked pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: A letter authorizing Deutsche Bank and its affiliates to transfer cash amounts for initial subscription and placement fees to the Onshore Feeder Fund. It also authorizes future capital calls and distributions via the specified account. The letter includes conditions related to account maintenance and compliance with anti-money laundering regulations.


document_description: Deutsche Asset & Wealth Management offers 'Alternative Investments' through the 'Secondary Opportunities Fund III Private Client Feeder Fund (U.S.), L.P.' for eligible U.S. investors. The fund aims to build a diversified portfolio of seasoned private equity assets on the secondary market with a minimum investment of $500,000. It has a proven track record with over $1 billion invested and a net aggregate performance of 1.75x TVPI and 27% net IRR. The DB Secondaries team employs a differentiated investment strategy focusing on off-market transactions and leveraging the DB platform for sourcing and due diligence. The secondary market is driven by general partner restructurings, regulatory changes, and investors seeking liquidity.


document_description: The document provides an overview of the merits of secondary investing in private equity, highlighting the benefits of investing in mature assets, quicker capital drawdown and return, and diversification. It includes a summary of selected principal terms for the Secondary Opportunities Fund III, LP and its Onshore Feeder Fund, detailing fund structure, strategy, minimum commitment, target size, fund term, capital calls, investment period, auditor, administrator, legal counsel, reporting, fees, and carried interest.


document_description: This document is a confidential investment memorandum circulated by Deutsche Bank Trust Company Americas for the Onshore Feeder Fund. It includes performance figures, investment risks, and disclaimers for prospective investors. The document emphasizes that past performance is not indicative of future results and outlines the risks associated with private equity investments.


document_description: This document is an overview of the Secondary Opportunities Fund Ill Private Client Feeder Fund (U.S.), L.P., intended for eligible U.S. taxable investors and certain eligible U.S. tax-exempt investors. It includes disclaimers about the investment products, indicating no bank guarantee, not FDIC insured, and potential loss of value. The document is confidential and not for public distribution.


document_description: This document is a confidential investment presentation for Southern Financial LLC's Secondary Opportunities Fund III Private Client Feeder Fund (U.S.), LP. It is intended for qualified purchasers and accredited investors only. The presentation outlines the conditions, risks, and attributes of investing in the Onshore Feeder Fund, emphasizing that it is not an offering of limited partnership interests. It specifies the qualifications for investors and the confidentiality requirements of the information provided. The document also includes disclaimers regarding the accuracy and completeness of the information and the lack of liability from Deutsche Bank.


document_description: This document is a confidential investment memorandum circulated by Deutsche Bank Trust Company Americas to potential investors. It outlines the risks and considerations for investing in private equity through DB Private Equity, part of Deutsche Bank's Asset & Wealth Management division. The document emphasizes the speculative nature of private equity investments, the need for sophisticated investors, and the importance of consulting legal and tax advisors. It also clarifies that the document is for informational purposes only and not an offer or invitation to invest.


document_description: This document appears to be a financial report or presentation related to Southern Financial LLC, covering topics such as the secondary market environment, DB Private Equity Secondaries strategy and portfolio, and key terms. It includes an appendix section.


document_description: Overview of the stable and experienced team at Southern Financial LLC focused on the secondary market. The document provides details about the senior team members, their locations, previous employers, education, and years of experience in secondaries. It also highlights the team's investment achievements and the supporting junior professionals dedicated to Deutsche Bank's secondary investment program.


document_description: The document provides a financial performance summary of DB SOF, DB SOF D, and DB SOF II as of September 30, 2013. It includes details on fund vintage, size, invested capital, capital called from investors, unrealized value, distributions to investors, total value, gross return on invested capital, gross IRR, net multiple (TVPI), net distributed (DPI), and net IRR. The document also notes that DB SOF D is a Euro denominated fund with values converted to USD.


document_description: The document provides a financial performance report for DB SOF and DB SOF D, including net IRR, pooled returns, and secondary fund multiples. It includes a comparison against Cambridge Associates' Secondaries Benchmark statistics as of June 30, 2013.


document_description: The document outlines the investment strategy of DB Secondaries, focusing on off-market transactions globally, primarily smaller deals ranging from US$5m to US$50m, with an average deal size of US$28m. The strategy leverages Deutsche Bank's platform for sourcing and due diligence, with 70% of deals being proprietary. It emphasizes sophisticated portfolio management, including currency hedging and cash management, and aims to purchase mature fund interests at a discount, with 83% funded at entry and a 25% average discount to FMV. The approach is selective, focusing on value creation through fundamental analysis.


document_description: The document provides a summary of the investment platform managed by Deutsche Bank, highlighting its established presence since 1991, managing US$ 10.2 billion in assets, and its seasoned investment team. It outlines the integrated approach covering private equity, debt, real estate, and infrastructure, and emphasizes the deep network of relationships and responsible investment platform. The document also details the global presence with offices in North America, Europe, and Asia, and the focus on primary, secondary, and direct investments.


document_description: The document is a financial report for SOF III - 1081 Southern Financial LLC, covering topics such as the secondary market environment, DB Private Equity Secondaries strategy and portfolio, and key terms.


document_description: The document outlines the evolution of seller types from distressed to motivated sellers, focusing on liquidity, strategic shifts, and portfolio rebalancing. It categorizes sellers into waves based on their type and driving factors, with expected transactions from 2010 to 2013.


document_description: The document discusses the normalization of secondary market pricing for private equity fund interests to historical levels after an overheated market in 2006 and 2007. It highlights the return to normalized pricing due to a wide bid-ask spread and the stabilization of prices at 80-85% of NAV over two years. The document includes a table showing pricing percentages of NAV and annual volume from 2003 to 2013, with annotations for 'Bubble', 'Crisis', and 'Normalized' periods.


document_description: The document provides an outlook on the secondaries market, highlighting that it will remain active with $3 trillion of private equity NAV and unfunded commitments. It notes that banks are not finished selling their private equity assets, which still account for approximately 6% or $100 billion of total PE assets. The document also discusses the increasing inclusion of GP restructurings as sources of deal flow and a trend towards smaller, more complex deals.


document_description: This document is a financial report for Southern Financial LLC, covering topics such as the secondary market environment, DB Private Equity Secondaries strategy and portfolio, and key terms. It is marked as confidential pursuant to Federal Rules of Criminal Procedure 6(e).


document_description: The document provides an overview of DB Secondaries' global sourcing capabilities, with a focus on Europe. It includes data on seller locations and deal sources, highlighting the efficiency of the secondary market as calculated by DB PE as of September 30, 2013.


document_description: The document provides an overview of deal flow from 2007 to Q3 2013, highlighting the number of deals per week and total deals per year. It also includes a summary of deals reviewed, volume reviewed, investments completed, and transaction percentages by value and number.


document_description: The document provides a tabular overview of various private equity funds categorized by size and investment strategy. It includes details on fund names, sizes, and strategies, with a focus on large, mid-sized, and small funds. The data is sourced from the Preqin database as of December 2013 and penews.com as of September 4, 2013.


document_description: The document provides an analysis of Southern Financial LLC's investment strategy, focusing on fundamental analysis and bottom-up analytics to discount fees and carry. It includes co-investment, fund, and fund-of-funds strategies, with an emphasis on discounted cash flow (DCF) analysis to assess the impact of fees, carry, and other costs at both the fund and portfolio levels. The document also reviews fund manager quality and assesses operational, financial, and market risks for portfolio companies.


document_description: The document provides a comparison of secondary market pricing for buyout funds and DB Secondaries pricing from 2007 to 1H13, highlighting consistent pricing below market by DB Secondaries. It includes a table of pricing data over various periods and discusses the speculative nature and risks of private equity investments.


document_description: The document is an investment activity report for DB SOF II as of December 31, 2013, detailing over US$400 million committed to 20 diversified transactions. It includes a table listing project names, sourcing, seller types, deal types, underlying funds and companies, invested amounts, initial closing dates, gross multiples, and portfolio details.


document_description: This document provides a detailed breakdown of the portfolio diversification for DB SOF II as of September 30, 2013. It includes asset types, geography, investment strategy, sector composition, and vintage year distribution.


document_description: The document provides a financial overview of DB SOF II, highlighting its cashflow profile and capital returns to investors. It includes cumulative cash flows, net contributed capital, and performance figures as of September 30, 2013. The document emphasizes the speculative nature and risks of private equity investments.


document_description: This document is a financial report for Southern Financial LLC, covering topics such as the secondary market environment, DB Private Equity Secondaries strategy and portfolio, and key terms.


document_description: This document provides a summary of key terms for the Secondary Opportunities Fund III, LP and its Onshore Feeder Fund. It includes details on fund structure, strategy, minimum commitment, target size, fund term, capital calls, investment period, auditor, administrator, legal counsel, reporting, fees, and carried interest. The document emphasizes the need to refer to the Offering Memorandum for full disclosure of risks, conflicts of interest, and other considerations.


document_description: The document is a scorecard for SOF III, evaluating its alignment with ILPA 2 principles. It covers alignment of interest, governance, and transparency, highlighting best practices and compliance with financial reporting standards.


document_description: This document is a financial report for SOF III - 1081 Southern Financial LLC, covering topics such as the secondary market environment, DB Private Equity Secondaries strategy and portfolio, and key terms.


document_description: The document provides biographies of key members of the DB Senior Secondary Opportunities Team, detailing their roles, responsibilities, and previous experience in finance. It includes information about Carlo Pirzio-Biroli, Charles Smith, Chi Cheung, Adam Graev, and Francesco Rigamonti, highlighting their contributions to Deutsche Bank's secondary investment opportunities and private equity portfolios.


document_description: The document provides a detailed table of executed transactions by DB SOF and DB SOF D as of September 30, 2013. It includes information on various projects, their sourcing, seller type, deal type, invested amounts, initial closing dates, gross multiples, and portfolio details. The document also includes notes on the calculation of invested amounts and performance figures.


document_description: This document provides a detailed breakdown of the portfolio diversification for DB SOF as of September 30, 2013, including asset types, geography, investment strategies, vintage years, and sector composition.


document_description: This document provides a cashflow profile for S0F III - 1081 Southern Financial LLC, detailing cumulative distributions, capital calls, and committed capital from 2007 to 3Q13. It includes a table showing financial data for each period and a graph of net contributed capital as a percentage of commitment. The document also contains disclaimers about the performance figures and investment risks.


document_description: This document outlines the risk factors associated with investing in the Onshore Feeder Fund, which holds an interest in the Fund. It highlights the lack of assurance of investment returns, the use of leverage, restrictions on transfer, and potential conflicts of interest, particularly involving Deutsche Bank's various roles. The document emphasizes the high degree of risk and competitive nature of investment opportunities.


document_description: The document outlines various risk factors associated with investing in the SOF III - 1081 Southern Financial LLC fund. These include risks related to material nonpublic information, performance, pooled investments in secondaries, due diligence and valuation processes, reliance on management, valuation issues, currency risks, lack of liquidity, secondary investments in real estate, availability of investments, and multiple levels of expense.


document_description: The document outlines various risk factors associated with investments in secondary markets, contingent liabilities, default risks, and compliance with the Volcker Rule under the Dodd-Frank Act. It highlights the lack of a liquid market for secondary investments, potential recall of distributions, and the impact of the Volcker Rule on Deutsche Bank's ability to co-invest in the Fund.


document_description: This document is a disclosure for Southern Financial LLC's Onshore Feeder Fund, providing information about the fund's investments, strategy, and organization. It emphasizes the confidentiality of the information and advises potential investors to review the Offering Memorandum and consult with legal, accounting, and tax advisors before investing.


document_description: This document is a valuation statement from Deutsche Bank Group for Southern Financial, LLC, detailing FX options trades with various parameters such as trade date, maturity date, notional amounts, and market-to-market values.


document_description: This document provides standard settlement details for various asset classes and types, including cash and government bonds. It includes information about custodians, account numbers, and account names. The document also contains a disclaimer regarding the use of financial information and valuations for collateral management purposes with Deutsche Bank Group.


document_description: Internal communication regarding a rescheduled meeting between Diego and Paul Morris.


document_description: A confidential financial document from Deutsche Bank AG to Southern Financial, LLC, detailing a required delivery of USD 235,168.00 as per the Credit Support Annex under the 2002 ISDA Master Agreement. The document includes a table of financial positions and calculations related to the credit support balance.


document_description: The document provides standard settlement details for various asset classes including cash and government bonds. It specifies custodians, account numbers, and account names for each asset type. The document includes a disclaimer regarding the use of financial information for collateral management purposes with Deutsche Bank Group.


document_description: A confidential financial document from Deutsche Bank AG requiring Southern Financial, LLC to deliver USD 235,168.00 as per the Credit Support Annex under the 2002 ISDA Master Agreement. The document includes a detailed table of financial positions and requirements.


document_description: The document provides standard settlement details for cash and government bonds, specifically mentioning Deutsche Bank Trust Co and Bank of New York as custodians. It includes a disclaimer about the use of financial information for collateral management purposes only.


document_description: The document outlines potential conflicts of interest involving Deutsche Bank and its affiliates in relation to the Master Fund, Investment Funds, Onshore Feeder Fund, and Offshore Feeder Fund. It highlights that Deutsche Bank's diverse financial activities may conflict with the interests of these funds and their partners. Investors are deemed to acknowledge and waive claims regarding these conflicts by acquiring interests.


document_description: The document discusses potential conflicts of interest related to investments in a Feeder Fund managed by Southern Financial LLC. It highlights the roles of the Investment Manager and Placement Agents, and the potential conflicts arising from their affiliations and compensation structures. The document advises prospective investors to review the Master Fund Offering Memorandum, particularly the section on conflicts of interest, before investing.


document_description: This document pertains to certain legal considerations related to SOF III - 1081 Southern Financial LLC. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: The document outlines legal considerations for investing in the Onshore and Offshore Feeder Funds, including restrictions on the offer and sale of Interests, legal and tax considerations, and compliance with anti-money laundering and trade sanctions laws. It also discusses the rights of Limited Partners to remove the Investment Manager and General Partner, and the obligations of investors to comply with legal requirements and information requests.


document_description: The document outlines the disclosure and privacy policies for investors in the Onshore and Offshore Feeder Funds managed by Southern Financial LLC. It details the conditions under which investor information may be disclosed to U.S. and non-U.S. regulators, government agencies, and third-party service providers. It also describes the privacy safeguards in place to protect nonpublic personal information of investors and the circumstances under which such information may be shared with affiliates and service providers.


document_description: This document appears to be a financial document related to Southern Financial LLC, marked as confidential under Federal Rules of Criminal Procedure.


document_description: Title page for a 'Confidential Private Placement Memorandum' for 'Secondary Opportunities Fund III, LP'.


document_description: This document is a Confidential Private Placement Memorandum for the Secondary Opportunities Fund III, LP, managed by DB Private Equity, a division of Deutsche Bank AG. It outlines the terms of the amended and restated limited partnership agreement and other legal documents related to the fund. The memorandum includes disclaimers about investment risks, the non-guaranteed nature of returns, and the forward-looking statements contained within. It also notes that the manager has applied for, but not yet received, AIFM Authorisation from the FCA.


document_description: This document is a Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, detailing the offering of interests in the fund. The interests are not registered under the US Securities Act of 1933 and are offered to accredited investors and qualified purchasers. The document outlines the regulatory exemptions the fund relies on, including those from the SEC and CFTC, and the conditions under which these exemptions apply. It also discusses the fund's reliance on CFTC No-Action Letter No. 12-38 and potential future actions based on forthcoming CFTC guidance.


document_description: This document is a Confidential Private Placement Memorandum for the Secondary Opportunities Fund III, LP, which is exempt from registration under the US Securities Act of 1933. It is offered to accredited investors or qualified eligible purchasers without public marketing in the US. The memorandum includes financial statements related to Deutsche Bank and its affiliates as of September 30, 2013. It outlines investment limitations and risks, emphasizing the need for investors to rely on their own examination of the fund.


document_description: This document is a confidential private placement memorandum for the Secondary Opportunities Fund III, LP, associated with Southern Financial LLC. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: This document is a confidential private placement memorandum for Secondary Opportunities Fund III, LP, associated with Southern Financial LLC. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: Secondary Opportunities Fund III, LP (SOF III) is a private equity fund formed by Deutsche Bank AG's private equity business, seeking US$1 billion in commitments to invest in a diverse portfolio of secondary market assets. The fund targets buyout, growth capital, venture capital, special situations, and more, primarily in the US and Europe. Managed by Deutsche Alternative Asset Management, the fund is led by Carlo Pirzio-Biroli and Charles Smith. Previous funds, DB SOF, DB SOF D, and DB SOF II, have shown strong performance metrics.


document_description: The document outlines the investment strategy and performance of the Secondary Opportunities Fund III, LP, managed by Deutsche Bank. The fund targets small, complex private equity portfolios and aims to invest in mid-sized funds at attractive pricing. It focuses on secondary transactions ranging from US$5 million to US$100 million globally. The fund leverages Deutsche Bank's global platforms and relationships to source deals and work directly with sellers. As of September 30, 2013, the fund has shown strong performance with top decile returns.


document_description: The document is an executive summary of the Secondary Opportunities Fund III, LP, detailing its investment strategy, team experience, and alignment of interests. It highlights a net IRR of 32.4% and outlines the disciplined investment process and alignment of interests between the fund's team and investors.


document_description: The document is an executive summary of the Secondary Opportunities Fund III, highlighting a 2.9% and $29 million contribution to the Fund. It outlines key terms, risks, and potential conflicts of interest associated with the Fund.


document_description: This document is a confidential private placement memorandum for the Secondary Opportunities Fund III: LP, associated with 1081 Southern Financial LLC. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: This document is a Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, focusing on Section 2: Investment Performance.


document_description: The document provides a performance report for various secondary funds including DB SOF, DB SOF D, and DB SOF II. It includes IRR, TVPI, DPI, and RVPI metrics, as well as distribution information and benchmark comparisons. The report highlights strong investment returns and attractive multiples for these funds.


document_description: The document provides a detailed breakdown of the portfolio composition of the DB Secondaries Funds as of September 30, 2013. It highlights the diversification across asset types, geographies, vintage years, investment strategies, and sectors. The report emphasizes reduced risk through diversified investments and provides specific percentage allocations for each category.


document_description: A confidential private placement memorandum for Secondary Opportunities Fund III, LP, associated with Southern Financial LLC.


document_description: Summary of Principal Terms for Secondary Opportunities Fund III, LP.


document_description: This document is a confidential private placement memorandum for Secondary Opportunities Fund III, LP. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: This document provides a summary of the terms and conditions for investing in the Secondary Opportunities Fund III, LP. It includes details on the investment strategy, target size, minimum commitment, fund structure, management, term, investment period, and financial arrangements such as the general partner's share, distributions, carried interest, and organizational expenses.


document_description: This document is a confidential private placement memorandum for the Secondary Opportunities Fund III, LP, associated with DB Private Equity.


document_description: A confidential private placement memorandum for Secondary Opportunities Fund III, LP, associated with Southern Financial LLC. The document is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: The document outlines the details of the Secondary Opportunities Fund III managed by DB Private Equity, a division of Deutsche Bank. It highlights the competitive advantage provided by the Deutsche Bank network in sourcing and evaluating investment opportunities. The document also details the experience of the Secondary Team in the secondary market for private equity and the restructuring of Deutsche Bank's proprietary private equity portfolio.


document_description: The document provides an overview of Deutsche Bank's Asset & Wealth Management structure, highlighting its divisions and specializations, as well as its global platform with key regional offices. It details the services offered by Deutsche Asset & Wealth Management, including traditional and alternative investment products, and emphasizes Deutsche Bank's global reach and expertise in capital markets.


document_description: The document is a section from a Confidential Private Placement Memorandum for the Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. It outlines the resources available for economic, regional, and industry research, as well as assistance in structuring, execution, management, and realization of investments. The document highlights the use of Deutsche Bank's resources and the Secondary Team's network to source and evaluate investment opportunities.


document_description: This document is a confidential private placement memorandum for Secondary Opportunities Fund III, LP, associated with Southern Financial LLC. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: The document provides an overview of the Secondary Opportunities Fund III, LP, focusing on the secondary market for private equity assets. It discusses the illiquid nature of private equity investments, the dynamics of the private equity industry, and the growth of the primary and secondary markets from 2003 to 2012. The document also highlights the demand side of the secondary market driven by traditional secondary funds.


document_description: The document provides an analysis of the growth of primary and secondary markets, focusing on unrealized portfolio values, dry powder, and total values from 2000 to June 2012. It also includes data on fund types, secondary deal flow, and market dynamics, highlighting a favorable dynamic for buyers in the secondary market.


document_description: The document provides an analysis of the evolution of secondary deal types from 2010-2015, highlighting a shift from large buyout and venture transactions to smaller, more complex deals across various sectors. It discusses the drivers of the secondary market, particularly the role of GP Sellers post-financial crisis, and outlines the supply side challenges faced by different seller categories.


document_description: The document discusses the strategy and positioning of the Secondary Opportunities Fund III, focusing on mature fund interests in the mid-sized fund segment. It highlights the fund's approach to reducing 'blind pool risk' by targeting funds that are at least 50% drawn. The document also includes a competitive landscape chart and discusses the attractiveness of secondary investments for portfolio diversification.


document_description: The document discusses the attractiveness of secondary opportunities for investors, highlighting benefits such as reduced costs, mitigation of blind pool risk, and pricing flexibility. It includes exhibits on the attractiveness of secondary opportunities and risk-reward dynamics across various market segments.


document_description: The document outlines the investment strategy for the Secondary Opportunities Fund III, focusing on smaller deals ranging from US$5 million to US$100 million, sourced from small institutions, family offices, and private investors. The fund also targets larger transactions from financial institutions and corporate funds. The strategy includes acquiring a diverse portfolio of investments such as buyout, growth capital, venture capital, special situations, and infrastructure assets, primarily in the US and Europe. The fund aims for risk-adjusted returns in excess of 20% Net IRR. The manager leverages Deutsche Bank's global platforms and extensive network to source proprietary deals.


document_description: The document provides details on the sourcing strategy and market analysis for the Secondary Opportunities Fund III, managed by Deutsche Bank. It highlights the global sourcing approach, market efficiency, and the distribution of secondary investments by geographic location. The document also discusses non-monetary factors influencing secondary transactions.


document_description: The document outlines the investment process for the Secondary Opportunities Fund III, LP, managed by the Secondary Team. It includes steps such as deal origination and sourcing, screening and due diligence, investment decision and closing, monitoring and risk management, and investment realisation. The process leverages Deutsche Bank's network and relationships to source and negotiate deals.


document_description: The document outlines the investment strategy and due diligence process for the Secondary Opportunities Fund III, managed by Deutsche Bank. It emphasizes a rigorous, value-focused bottom-up due diligence approach, operational and financial risk analysis, and leveraging insights from Deutsche Bank for investment decisions.


document_description: The document outlines the due diligence process for the Secondary Opportunities Fund III, LP, which combines top-down asset selection with bottom-up pricing. It includes an extensive private equity database with over 1,450 GPs and 4,800 funds. The target is 90 GPs and 250 funds, with specific pricing strategies for 70+ funds and additional high-priority funds. The investment requirements focus on quality assets, reasonable leverage, and structural alignment of interests. The process involves rigorous value-focused, asset-by-asset due diligence, including operational, financial, and market risk analysis, cash flow analysis, and assessment of liquidity prospects.


document_description: The document outlines the investment decision and closing process for the Secondary Opportunities Fund III. It describes the role of the Investment Committee in approving investments based on due diligence and evaluation. The document also provides historical data on investment opportunities transacted by the DB Secondaries Funds, including the number of deals and transaction values from 2007 to Q3 2013.


document_description: The document outlines the monitoring and risk management strategies for the Secondary Opportunities Fund III, LP. It details the responsibilities of the Secondary Team in managing investments, including attending partnership meetings, reviewing financial information, monitoring market developments, and preparing valuations. The document also describes the process for investment realization and the role of the Investment Committee in approving divestments.


document_description: This document is a section of the Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, focusing on Fund Management.


document_description: The document outlines the management structure of the Secondary Opportunities Fund III, specifically focusing on the independence of the General Partner from Deutsche Bank and the composition of the Secondary Team. The General Partner's board will consist of independent directors, while the Manager is a subsidiary of Deutsche Bank. The Secondary Team includes 10 investment professionals, with five members having worked together since 2007.


document_description: The document provides information about the management team of the Secondary Opportunities Fund III, focusing on key personnel involved in fund management and secondary private equity. It includes profiles of Charles Smith, Carlo Pirzio-Biroli, and Chi Cheung, detailing their roles, responsibilities, and professional backgrounds.


document_description: The document provides information about the Secondary Opportunities Fund III, LP, focusing on the secondary team and investment committee. It highlights the roles and backgrounds of key directors, Adam Gram and Francesco Rigamonti, and outlines the responsibilities of the investment committee in evaluating and managing investment opportunities for the fund.


document_description: The document is a confidential private placement memorandum for the Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. The Investment Committee includes Charles Smith, Carlo Pirzio-Biroli, Chi Cheung, Adam Graev, Francesco Rigamonti, and Andreas Schmidt. Andreas Schmidt is the Managing Director and Head of Primary Private Equity Investing at DB PE, based in Cologne. He has a background in private equity and management consulting.


document_description: This document is a summary of terms and conditions for the Secondary Opportunities Fund III, LP, as part of a Confidential Private Placement Memorandum.


document_description: This document is a confidential private placement memorandum for Secondary Opportunities Fund III, LP, associated with Southern Financial LLC. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: This document is a summary of the principal terms of the Secondary Opportunities Fund III, LP, an English limited partnership. It outlines the investment objectives, which include generating attractive risk-adjusted returns through various investment strategies in the secondary market, primarily in the US and Europe. The document also details the roles of the General Partner and the Second GP in managing the fund.


document_description: This document is a summary of terms and conditions for the Secondary Opportunities Fund III, LP, managed by Deutsche Alternative Asset Management (Global) Limited. The Manager is awaiting AIFM Authorisation from the UK Financial Conduct Authority. The Fund seeks commitments of US$1 billion, with a minimum commitment of US$5 million per limited partner. Deutsche Bank intends to participate in the Fund's investment program up to 2.9% of aggregate commitments, subject to the Volcker Rule.


document_description: The document outlines the terms and conditions for the Secondary Opportunities Fund III, LP, managed by Deutsche Bank AG's private equity business. It details the participation of management and employee investors, the schedule for fund closings, the role of subsequent closing partners, and the process for drawdowns. The document also mentions the potential risks related to US banking laws and regulations.


document_description: The document outlines the terms and conditions for the Secondary Opportunities Fund III, LP, including details on the investment period, reinvestment policies, and key person events. The investment period begins after the expiration of DB SOF II or the First Closing and lasts until certain conditions are met. Reinvestment terms allow certain distributions to be added back to unfunded commitments. Key persons include Charles Smith, Carlo Pirzio-Biroli, Adam Graev, Chi Cheung, and Francesco Rigamonti, with provisions for replacement and suspension of the investment period in case of key person events.


document_description: The document outlines the terms and conditions for the Secondary Opportunities Fund III, LP, focusing on diversification, indebtedness, and hedging strategies. It specifies investment limits, borrowing expectations, and hedging techniques.


document_description: The document outlines the terms and conditions for the General Partner's profit share in the Secondary Opportunities Fund III, LP. It specifies the profit share allocation, the schedule for advances, and the applicable and incentive points based on the commitment size and timing of the closing. The General Partner's share is subject to reductions as detailed in the document.


document_description: The document outlines the terms and conditions for the Secondary Opportunities Fund III, LP, including details on operating expenses, transaction fees, and the establishment of a Fund Advisory Committee. The Manager, General Partner, and Second GP are responsible for their own operating expenses, while the Fund covers costs related to its operations. Transaction fees from portfolio investments are used to reduce the General Partner's Share. The Fund Advisory Committee, consisting of representatives from Limited Partners, will address potential conflicts of interest and other matters.


document_description: The document outlines the terms and conditions for the Secondary Opportunities Fund III, LP, including the use of Alternative Vehicles, Parallel Funds, Feeder Funds, and Side Letters. It details the rights of the Manager to direct investments through alternative structures, establish parallel and feeder funds, and enter into side letters with limited partners to provide additional rights or alter terms of the Fund Partnership Agreement.


document_description: This document is a summary of terms and conditions for the Secondary Opportunities Fund III, LP. It outlines the default provisions for limited partners, the term of the fund, currency denomination, tax considerations, and ERISA considerations. The fund is denominated in US dollars and has a term of 7 years, with possible extensions. It is intended to be treated as a partnership for US federal income tax purposes. The document advises investors, especially non-US and US tax-exempt investors, to consult tax advisors. It also addresses ERISA considerations for pension plans and other institutions.


document_description: The document is a summary of terms and conditions for the Secondary Opportunities Fund III: LP, highlighting significant risks and potential conflicts of interest associated with the investment. It outlines the roles of various parties involved, including the Manager, Deutsche Bank, and its affiliates, as well as legal and auditing firms. The document emphasizes the need for investors to carefully consider these risks and conflicts before investing.


document_description: This document is a confidential private placement memorandum for Secondary Opportunities Fund III, LP. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: This document is a confidential private placement memorandum for the Secondary Opportunities Fund III, LP, associated with Southern Financial LLC. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: The document discusses the risks and considerations associated with secondary investments in real estate and real estate-related assets through the Secondary Opportunities Fund III, LP. It highlights various risks such as economic conditions, market conditions, financial conditions of tenants, and environmental laws. It also addresses the multiple levels of expenses, contingent liabilities, independent investment strategies of underlying funds, and lack of direct interest for investors in portfolio investments.


document_description: The document is a confidential private placement memorandum for the Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. It outlines the risks associated with the fund, including the use of leverage, competitive nature of the investment environment, and dependence on the fund manager and key personnel. The memorandum emphasizes the potential for increased risk due to borrowing, the competitive landscape for investment opportunities, and the reliance on the manager's ability to identify and secure suitable investments. It also notes that past performance is not indicative of future results and that investors have no control over the fund's operations.


document_description: The document outlines the risks and uncertainties associated with investing in the Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. It highlights potential issues such as defaulting investors, uncertain payment timings, valuation risks, and tax implications. The document emphasizes the reliance on the Manager's judgment for investment decisions and the inherent uncertainties in valuing private equity assets.


document_description: The document outlines the investment strategy and potential risks associated with the Secondary Opportunities Fund III, LP. It highlights the potential impact of changes in tax laws, the lack of assurance on tax efficiency for investors, and the expectation of delayed annual US federal tax information. It also discusses the risks associated with co-investment, counterparty risks, and investments via other entities, including potential defaults by co-investors or partners.


document_description: The document outlines key aspects of the Secondary Opportunities Fund III, LP, including dilution from subsequent closings, indemnification clauses, short-term investment strategies, follow-on investment opportunities, and risks associated with the disposition of investments. It highlights potential financial implications for investors, such as dilution of interest, indemnification liabilities, and contingent liabilities upon investment disposition.


document_description: The document outlines the financial and legal considerations for investors in the Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. It discusses the recourse to all assets of the fund to satisfy liabilities, the discretion of the manager in handling defaulting investors, the need for expedited investment decisions, and the risks associated with investing in emerging markets. It also mentions the role of Debevoise & Plimpton LLP as special counsel to the manager.


document_description: The document is a private placement memorandum for the Secondary Opportunities Fund III, LP, detailing the investment structure, potential conflicts of interest, and general risks associated with the fund. It discusses the role of Debevoise & Plimpton LLP as counsel, the possibility of side letters granting different terms to certain investors, and the general market and economic risks that could impact the fund's performance.


document_description: The document is a section from a Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. It discusses various financial risks associated with the fund's investments, including interest rate fluctuations, inflation and deflation impacts, currency risks, and the status of debt markets. The memorandum highlights the potential effects of these factors on the fund's returns and the availability of financing.


document_description: The document discusses the potential adverse effects of regulatory frameworks like the Dodd-Frank Act and Basel III on the investment strategies and returns of the Secondary Opportunities Fund III, LP. It highlights the impact of these regulations on the availability of credit and the restrictions imposed on Deutsche Bank and its affiliates, which may affect the Fund's operations and investment opportunities.


document_description: The document discusses the implications of the Volcker Rule on Deutsche Bank and its affiliates, particularly in relation to the Secondary Opportunities Fund III, LP. It outlines the restrictions imposed by the Volcker Rule on banking entities, including limitations on sponsoring or investing in covered funds and entering into certain transactions with them. The document also highlights the compliance requirements for Deutsche Bank under the Volcker Rule and the potential impact on the Fund's investment activities. Additionally, it addresses the investment limitations for Deutsche Bank under the asset management exemption of the Volcker Rule.


document_description: The document discusses the potential regulatory impacts on the Secondary Opportunities Fund III, LP, particularly in relation to Deutsche Bank's involvement. It highlights the implications of the Dodd-Frank Act, US and German banking laws, and anti-money laundering compliance. The document also addresses the potential need for Deutsche Bank to withdraw investments and the requirement for the Fund to dispose of investments within a certain timeframe. Additionally, it covers regulations concerning placement agents and political contributions.


document_description: The document is a Confidential Private Placement Memorandum for the Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. It outlines disclosure requirements and potential compliance issues for the Manager, General Partner, and Second GP, including the need for registration as placement agents or lobbyists, and the associated costs. It also discusses the risks of non-compliance with state or local regulations, which could lead to civil or criminal penalties, or voidable contracts. The memorandum includes forward-looking statements, emphasizing that actual results may differ due to various factors beyond the Fund's control. Potential investors are advised to read the memorandum thoroughly and consult professional advisers before investing.


document_description: This document is a section of the Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, focusing on conflicts of interest.


document_description: The document discusses potential conflicts of interest related to the investment activities of Deutsche Bank and its affiliates, specifically in relation to the Secondary Opportunities Fund III, LP. It outlines how conflicts of interest will be managed and the role of the Fund Advisory Committee in addressing these issues. The document also highlights that Deutsche Bank's global financial activities may compete with the Fund's interests.


document_description: The document outlines the investment allocation policies and potential conflicts of interest for the Secondary Opportunities Fund III, LP, managed by Deutsche Bank. It discusses the allocation of investment opportunities among various investment platforms, the potential for conflicts of interest, and the fees for services provided by Deutsche Bank and its affiliates. The document also addresses transactions between the Fund and Deutsche Bank, including potential conflicts in investment decisions and debt workouts.


document_description: The document outlines potential conflicts of interest and operational details related to the management of the Secondary Opportunities Fund III, LP by Deutsche Bank Group entities. It discusses brokerage activities, securities transactions, and management conflicts, including the influence of personal investments by management team members and the impact of Carried Interest on investment decisions.


document_description: The document discusses the structure and governance of the Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. It highlights the role of the Fund Advisory Committee in managing conflicts of interest between the Fund and entities like Deutsche Bank. The committee, composed of selected investors, will consult on material issues unless legal or regulatory restrictions apply.


document_description: This document is a confidential private placement memorandum for Secondary Opportunities Fund III, LP. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: This document is a section of the Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, focusing on legal, ERISA, and tax considerations.


document_description: This document is a section of the Private Placement Memorandum for Secondary Opportunities Fund III, LP, focusing on legal, ERISA, and tax considerations. It discusses the AIFMD authorisation status of the Manager, valuation principles based on US GAAP and ASC 820, fair treatment of investors, and liquidity management strategies. The Manager has applied for AIFM Authorisation but has not yet received it. Valuations will be based on fair value principles, and a Valuation Committee will oversee the process. The document also outlines policies for fair treatment of investors and liquidity management aligned with the fund's strategy.


document_description: The document outlines legal, ERISA, and tax considerations for the Secondary Opportunities Fund III, a closed-ended fund focusing on illiquid private equity investments. It details the manager's professional liability risk coverage, the governing law, and legal implications of the contractual relationship, which is governed by English law. It also describes the process for investors to subscribe for interests and become limited partners, and the conditions under which foreign judgments are recognized by English courts. Additionally, it includes periodic disclosure requirements under the AIFMD.


document_description: The document outlines the Depository and Administration Agreements for the Secondary Opportunities Fund III, LP. State Street Trustees Limited is appointed as the Depositary, and State Street Bank and Trust Company is appointed as the Administrator. The Depositary Agreement includes details on the safekeeping of the Fund's assets, liability clauses, and indemnification terms. The Administration Agreement details the administrative services to be provided by the Administrator.


document_description: This document is a section of the Secondary Opportunities Fund III: LP agreement, detailing legal considerations related to ERISA and tax, as well as securities law matters. It outlines the responsibilities and liabilities of the Administrator, the indemnification terms, and the legal framework governing the Administration Agreement. It also discusses the securities law compliance, specifically the non-registration of Interests under the Securities Act and the reliance on exemptions for private offerings. Additionally, it includes a disclosure under Rule 506(e) of Regulation D regarding past regulatory investigations involving Deutsche Bank Securities Inc.


document_description: The document outlines legal and financial considerations for the Secondary Opportunities Fund III, LP, including settlements with regulatory bodies, compliance with the Securities Exchange Act of 1934, and exemptions under the Investment Company Act of 1940. It also discusses restrictions on offers and sales of interests to ensure compliance with US regulations.


document_description: The document discusses legal and regulatory considerations for the Secondary Opportunities Fund III, LP, particularly focusing on compliance with the Bank Holding Company Act (BHC Act) and the Volcker Rule, which may affect investors like Deutsche Bank. It also covers the Manager's registration as an investment adviser under the US Investment Advisers Act of 1940 and its claim for no-action relief under the US Commodity Exchange Act of 1936. The document outlines potential exemptions from registration requirements with the CFTC for the Manager and the Fund.


document_description: This section of the memorandum outlines legal, ERISA, and tax considerations for investors in the Secondary Opportunities Fund III, LP. It specifies that participation is limited to accredited investors and qualified eligible purchasers, and details the limitations on commodity interest positions. It also discusses the implications of ERISA for employee benefit plans investing in the fund, including fiduciary duties and plan asset considerations.


document_description: This document is a section from the Secondary Opportunities Fund III, LP's Private Placement Memorandum, focusing on legal, ERISA, and tax considerations. It discusses the implications of ERISA on investments, the 25% Test for Benefit Plan Investors, and the reporting requirements on Form 5500. It also outlines certain U.S. federal income tax considerations for investors, emphasizing the complexity of tax issues related to partnerships and advising investors to consult with tax advisers.


document_description: The document outlines legal and tax considerations for investors in the Secondary Opportunities Fund III, LP. It discusses the ineligibility of US corporate investors for dividends received deductions from non-US corporations, the tax implications of investing in passive foreign investment companies (PFICs) and controlled foreign corporations (CFCs), and the restrictions on deductibility of expenses and losses. It also addresses the potential for generating unrelated business taxable income (UBTI) for ERISA plans and other tax-exempt limited partners.


document_description: This section of the document discusses legal, ERISA, and tax considerations for investors in the Secondary Opportunities Fund III, LP, particularly focusing on tax implications for non-US investors. It outlines the US federal income tax considerations, including withholding tax rates, effectively connected income (ECI), and potential tax liabilities for non-US investors engaged in US trade or business through the fund. The document also addresses the branch profits tax applicable to non-US corporate investors and the potential for tax treaty exemptions.


document_description: This section of the memorandum discusses legal, ERISA, and tax considerations for investors in the Secondary Opportunities Fund III, LP. It covers the potential use of a 'blocker' structure for non-US investors, implications of investing in US real property holding corporations, and various US tax reporting requirements for investors. It also addresses the Foreign Account Tax Compliance Act (FATCA) and its implications for the fund and its investors, including potential withholding taxes and reporting obligations under bilateral agreements with the UK and Cayman Islands.


document_description: The document discusses legal, ERISA, and tax considerations for the Secondary Opportunities Fund III, LP, focusing on compliance with IRS regulations, particularly the Foreign Account Tax Compliance Act (FATCA). It outlines the obligations of investors to provide necessary information for compliance, potential withholding taxes, and the implications of non-compliance. The document also touches on US state, local, and UK tax considerations for investors.


document_description: The document outlines the tax and legal considerations for the Secondary Opportunities Fund III, LP, specifically focusing on its treatment as a partnership for UK tax purposes. It details how income and capital gains are attributed to investors, the responsibilities of investors for tax payments, and the potential need for investors to obtain a Unique Taxpayer Reference (UTR). It also covers the taxation of UK resident investors, including tax credits and reliefs available for certain types of income.


document_description: This section of the document outlines the legal, ERISA, and tax considerations for investors in the Secondary Opportunities Fund III, LP. It discusses the treatment of capital gains for UK tax purposes, the implications of the Offshore Fund Rules, and the tax considerations for UK resident individuals, companies, and non-UK resident investors. It also addresses the tax treatment of unrealized gains or losses and the implications for pension funds and other exempt bodies.


document_description: This document outlines the legal, ERISA, and tax considerations for investors in the Secondary Opportunities Fund III, LP, particularly focusing on UK tax implications. It discusses withholding tax on income from UK sources, capital gains tax for non-residents, inheritance tax implications, and the impact of UK government consultations on partnership taxation. It also covers withholding taxes and tax considerations for alternative investment vehicles.


document_description: This document is a confidential private placement memorandum for the Secondary Opportunities Fund III, LP, associated with Southern Financial LLC. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: This document is a confidential private placement memorandum for the Secondary Opportunities Fund III, LP, detailing notices to investors in specific jurisdictions. It outlines the legal restrictions on the distribution and sale of interests in various jurisdictions, including the European Economic Area, Finland, and the Netherlands. The memorandum also discusses compliance with the EU Alternative Investment Fund Managers Directive (AIFMD) and the status of the Manager's authorization by the UK Financial Conduct Authority.


document_description: The document is a Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. It outlines the regulatory status and distribution restrictions of the fund in various countries including the Netherlands, Norway, Sweden, the United Kingdom, Finland, and Portugal. The fund is not subject to certain financial regulations in these countries and is intended for professional investors only. The memorandum emphasizes the confidentiality and legal restrictions on distribution.


document_description: The document is a Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, specifically targeting qualified investors as defined by various international regulations. It outlines the conditions under which the fund may be offered in Portugal, the United Kingdom, and Australia, emphasizing that it is not a prospectus or product disclosure statement under Australian law. The memorandum specifies the financial thresholds and qualifications for investors, such as minimum investment amounts and net asset requirements, and clarifies that the fund is not registered in Australia.


document_description: The document is a Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, specifically for Southern Financial LLC. It outlines the restrictions and regulations regarding the offering and sale of interests in various jurisdictions including Bahrain, Canada, Cayman Islands, Dubai International Finance Centre, and Hong Kong. The memorandum is not approved by financial authorities in these regions and is intended for specific professional clients or investors. It emphasizes the confidential nature of the document and the need for potential investors to conduct due diligence and consult financial advisors.


document_description: This document is a Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, specifically for Southern Financial LLC. It outlines the legal framework and restrictions for offering investment interests in Israel, Japan, and Kuwait. The memorandum specifies that the offering is limited to 'Sophisticated Investors' and is not intended for public distribution. It also highlights the legal exemptions and requirements under the respective securities laws of each country.


document_description: The document is a Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, outlining the legal restrictions and conditions for offering financial interests in various jurisdictions including Kuwait, New Zealand, the People's Republic of China, and Qatar. It specifies that no public or private offering is being made in Kuwait, and details the specific investor criteria in New Zealand. It also states the restrictions on offering or selling interests in China and Qatar, emphasizing the lack of approval from relevant regulatory authorities.


document_description: The document is a Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, detailing the restrictions and regulations for offering and selling financial interests in various countries including Korea, Switzerland, Taiwan, Turkey, and the United Arab Emirates. It specifies the legal frameworks and conditions under which the financial interests can be offered or sold in these regions, emphasizing compliance with local laws and regulations.


document_description: The document is a Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, specifically for SOF III - 1081 Southern Financial LLC. It outlines the legal restrictions and conditions under which the Interests are offered, particularly focusing on the United States and the UAE. The Interests are not registered under the Securities Act and are offered under exemptions such as Regulation S and Regulation D. The document also details restrictions on transferability and resale, and the conditions under which US Persons can invest, emphasizing the need for investors to be 'accredited investors' and 'qualified purchasers'. It also addresses ERISA considerations and the implications for Benefit Plan Investors.


document_description: The document pertains to the sale of interests by Secondary Opportunities Fund III, LP, specifically through Southern Financial LLC, in Uruguay. It qualifies as a private placement under Uruguayan law 18.627 and is not registered with the Central Bank of Uruguay for public offering.


document_description: The document is a privacy notice for the Secondary Opportunities Fund III, LP, detailing how the General Partner and the Manager collect, use, and protect non-public personal information of investors. It outlines the sources of information, conditions under which information may be shared, and the security measures in place to protect this information. The notice also mentions the use of Investment Café as a communication and data storage platform.


document_description: The document outlines the anti-money laundering regulations and obligations for the Manager and Investors of the Secondary Opportunities Fund III, LP. It details the verification processes for investors' identities and sources of funds, compliance with the 3rd EU Anti-Money Laundering Directive, and adherence to economic sanction regulations.


document_description: This document is an appendix from the Secondary Opportunities Fund III, LP, detailing key definitions related to the fund's operations and legal considerations. It includes terms such as Advance, AIFMD, Alternative Vehicle, and Carried Interest, among others. The document is marked as confidential and is related to legal proceedings as indicated by the reference to FED. R. CRIM. P. 6(e).


document_description: This document is a confidential private placement memorandum for the Secondary Opportunities Fund III, LP, associated with Southern Financial LLC. It includes a table defining various terms and entities related to the fund, such as Covered Person, CPO, DB Capital, and others. The document is marked as confidential under Federal Rule of Criminal Procedure 6(e).


document_description: This document is a confidential private placement memorandum for the Secondary Opportunities Fund III, LP, detailing various financial and legal terms related to the fund. It includes definitions and descriptions of entities and terms such as Executive Fund Partner, Feeder Fund, FCA, FSMA, and others. The document outlines the structure and management of the fund, including the roles of the General Partner and the Fund Advisory Committee.


document_description: This document is a confidential private placement memorandum for the Secondary Opportunities Fund III, LP. It includes definitions and explanations of various financial and legal terms related to the fund, such as NAV, Net IRR, NFA, Offshore Fund Rules, and more. It also mentions key individuals and entities involved, such as the Principals Carlo Pirzio-Biroli and Charles Smith, and the Secondary Team led by the DB PE investment team.


document_description: The document is a Confidential Private Placement Memorandum for the Secondary Opportunities Fund III, LP. It includes definitions and terms related to the fund, such as Special Limited Partner, Subsequent Closing Partner, TVPI, UBTI, and others. It also references legal and tax considerations, including the Volcker Rule and withholdable payments.


document_description: The document is a Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. It discusses the impact of various factors on the fair value of underlying fund investments, including adjustments to public stock valuations as of September 30, 2013. The memorandum outlines projected returns based on gross cash flows, excluding deductions for expenses and fees. It highlights the uncertainties and potential changes in economic conditions that could affect actual results, emphasizing that past performance is not indicative of future outcomes. The document contains forward-looking statements subject to significant uncertainties.


document_description: This document is an appendix directory listing key roles and their associated entities for the Secondary Opportunities Fund III, LP. It includes legal advisers, auditors, managers, administrators, and depositaries.


document_description: The document proposes the board of directors for the General Partner of Secondary Opportunities Fund III, LP. It includes profiles of four individuals: Alan Turner, Ian Ross, Kirsten Le Pape, and Lawrence Edwards, detailing their professional backgrounds and roles.


document_description: This document is a Confidential Private Placement Memorandum for the Secondary Opportunities Fund III, LP, managed by Southern Financial LLC. It outlines the fund's compliance with the EU Alternative Investment Fund Managers Directive (AIFMD) and details the required disclosures under the directive. The memorandum includes information on the fund's investment strategy, types of assets, leverage use, and legal implications of investment contracts.


document_description: The document is a Confidential Private Placement Memorandum for Secondary Opportunities Fund III, LP. It includes a summary of terms and conditions, legal, ERISA, and tax considerations, and a directory. It outlines the protection against professional liability risks, delegated management functions, valuation procedures, liquidity risk management, fees and expenses, investor treatment, issue and sale of interests, risk profile, and conflicts of interest.


document_description: The document is a confidential private placement memorandum for SOF III - 1081 Southern Financial LLC and Secondary Opportunities Fund IX LP. It includes details about the net asset value, depositary arrangements, delegation of functions, and liability provisions related to the depositary and prime broker.


document_description: This document is a confidential private placement memorandum for the Secondary Opportunities Fund III, LP. It provides contact information for DeAM Investor Services, Inc. in the United States and Deutsche Alternative Asset Management (Global) Limited in Europe, Mena, and Asia Pacific. The document is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: The document is related to Deutsche Asset & Wealth Management, representing wealth management activities conducted by Deutsche Bank AG. It mentions confidentiality under Federal Rule of Criminal Procedure 6(e).


document_description: The document appears to be a confidential document related to Southern Financial LLC, marked as confidential under Federal Rule of Criminal Procedure 6(e). It includes identifiers such as DB-SDNY-0108932, SDNY_GM_00255116, and EFTA01452051.


document_description: This document is a confidential appendix related to Southern Financial LLC, marked pursuant to Federal Rule of Criminal Procedure 6(e). It contains identifiers such as DB-SDNY-0108934, SDNY_GM_00255118, and EFTA01452052.


document_description: The document appears to be a confidential document related to Southern Financial LLC, possibly part of a legal or financial investigation. It is marked as confidential under Federal Rule of Criminal Procedure 6(e), indicating it may be part of grand jury proceedings.


document_description: This document is a draft of the Amended and Restated Limited Partnership Agreement for Secondary Opportunities Fund III, LP, dated December 18, 2013. It outlines the terms and conditions under which the limited partner interests ("Interests") are offered, emphasizing that these Interests have not been registered under the U.S. Securities Act of 1933 and are subject to significant restrictions on transferability. The document highlights that Interests must be acquired for investment purposes only and details the compliance requirements with the Securities Act and other applicable laws.


document_description: This document is the table of contents for the SOF III -1081 Southern Financial LLC agreement. It outlines the sections and articles of the agreement, including general provisions, the role of the general partner, and the rights and responsibilities of limited partners.


document_description: This document outlines various articles related to financial and investment matters for Southern Financial LLC. It includes sections on insolvency, advisory committees, regulatory matters, portfolio investments, capital contributions, partner accounts, distributions, and tax matters.


document_description: This document outlines the articles and sections of the Southern Financial LLC agreement, detailing the appointment of the manager, regulated activities, general partner's share, books and records maintenance, indemnification, transfers, and dissolution of the fund.


document_description: This document outlines the amendments and miscellaneous provisions for Southern Financial LLC, including articles on amendments, power of attorney, and various miscellaneous clauses such as notices, interpretation, successors, severability, confidentiality, and compliance with anti-money laundering requirements.


document_description: This document is an amended and restated limited partnership agreement for the Secondary Opportunities Fund III, LP, an English limited partnership. It involves Leonardo Secondary Opportunities Fund III (GP) Limited and Leonardo Secondary Opportunities Fund III (Alternate GP), LP as general partners, along with other partners. The agreement supersedes the original agreement and outlines the general provisions, including definitions and terms of the partnership.


document_description: This document is an excerpt from the Amended and Restated Limited Partnership Agreement for SOF III - 1081 Southern Financial LLC. It defines various terms used in the agreement, such as 'Adjustment Date', 'Advisers Act', 'Advisory Committee', 'Affiliate', and others. The document outlines the relationships and control structures within the partnership, including the roles of the General Partner, Limited Partners, and Affiliates.


document_description: The document outlines definitions and terms related to a financial agreement involving Southern Financial LLC. It includes definitions for terms such as 'Annual Meeting', 'Applicable Points', 'Authorised Person', 'Available Assets', 'BHC Act', and 'BHC Partner'. These terms are crucial for understanding the commitments, permissions, and financial operations within the fund.


document_description: This document outlines definitions and terms related to a partnership agreement for Southern Financial LLC. It includes definitions for terms such as Business Day, Capital Contribution, Claims, Closing, Code, Co-Investment, Co-Investment Fund, Co-Investors, Commitment, Complementary Fund, and Covered Person. These terms are crucial for understanding the roles, responsibilities, and financial commitments of the partners involved in the fund.


document_description: This document outlines definitions and terms related to a financial agreement involving Southern Financial LLC and Deutsche Bank. It includes definitions for terms such as 'Damages', 'DB Private Equity', 'Deed of Adherence', 'Default', and others. The document also specifies the roles and responsibilities of various parties involved, including the General Partner, the Manager, and Advisory Committee Indemnitees.


document_description: The document outlines definitions and terms related to a financial agreement involving various funds and regulatory bodies. It includes definitions for terms such as 'Excused Partner', 'Executive Fund Partner', 'Existing Fund', 'FCA', 'FCC', and 'Fee Income'. These terms relate to the structure and management of investment funds, regulatory compliance, and fee distribution.


document_description: The document outlines the terms and conditions related to fees and investments for Southern Financial LLC, specifically focusing on Direct Secondary or Co-Investments. It details the roles of the General Partner, Manager, and Key Persons, and specifies the calculation of fees and expenses, excluding VAT. It also defines terms such as 'Feeder Fund', 'Feeder Fund Investor', 'Final Admission Date', 'Fiscal Year', and 'Follow-On Investment'.


document_description: This document outlines definitions and terms related to the operations of Southern Financial LLC, specifically focusing on fund structures and the roles of general partners. It includes definitions for terms such as 'Fund Secondary', 'Gazette', 'General Partner', and others, detailing their meanings and implications within the context of the fund's operations.


document_description: The document outlines definitions and terms related to Southern Financial LLC, an exempted company established in the Cayman Islands, acting as a general partner of a Fund. It includes definitions for terms such as CPS Start Date, Gross Negligence, Incentive Points, Indebtedness, Initial Closing, Initial Limited Partner, Interest, and Invested Capital. The document is marked as confidential under federal rules.


document_description: This document outlines the terms and definitions related to the investment activities of SOF III - 1081 Southern Financial LLC. It includes definitions for terms such as 'Investment Company Act', 'Investment Management Agreement', 'Investment Objectives', 'Investment Period', 'Key Persons', 'LIBOR', and 'Limited Partner'. The document specifies the conditions under which investments are made, the roles of key individuals, and the financial terms applicable to the investment fund.


document_description: The document outlines definitions and terms related to a financial agreement involving Southern Financial LLC and its partners. It includes definitions for terms such as 'Loan', 'Majority in Interest', 'Manager', 'Marketable Securities', and 'Material Adverse Effect'. These terms are crucial for understanding the obligations and rights of the partners involved in the fund managed by Deutsche Alternative Asset Management (Global) Limited.


document_description: The document outlines specific terms and definitions related to Southern Financial LLC's operations, including regulatory requirements, investment policies, and definitions of key terms such as 'Media Company', 'NASDAQ', and 'Organisational Expenses'. It also references sections of the FCC's rules and ERISA regulations.


document_description: This document outlines definitions and terms related to a partnership agreement, including definitions for 'Partners', 'Partnership Law', 'Period', 'Person', 'PF1C', 'Placement Agent', 'Placement Fees', 'Portfolio Company', 'Portfolio Investment', 'Pre-Removal Investments', and 'Principals'. It specifies roles, responsibilities, and terms for investments and management within the partnership.


document_description: This document outlines definitions and terms related to a financial agreement involving Southern Financial LLC. It includes definitions for terms such as 'Proceeding', 'Public Plan Partner', 'Qualified Replacement', 'Register', 'Registrar', 'Regulated Activities Order', 'Related Investment Funds', and 'Remaining Commitment'. These terms are used in the context of a financial partnership agreement, detailing roles, responsibilities, and financial commitments of partners.


document_description: The document outlines terms related to financial commitments, removal conduct, runoff activities, securities, and sharing percentages for Southern Financial LLC. It includes definitions and conditions for drawdown notices, removal conduct, runoff activities, securities, and sharing percentages among partners.


document_description: This document contains definitions and terms related to a financial agreement involving Southern Financial LLC, DB Secondary Opportunities Fund II, LP, and Deutsche Bank. It outlines the roles and contributions of various partners, including the Special Limited Partner, and details financial terms such as Subscription-Line Indebtedness and Target Amount.


document_description: This document outlines the terms and conditions of the Secondary Opportunities Fund III, LP, including its name, principal place of business, purposes, and registration details. The fund aims to achieve attractive risk-adjusted investment returns through various investment strategies, primarily in the US and Europe. It also details the approval process for asset valuation and the definition of VAT.


document_description: This document outlines the terms and conditions of the partnership agreement for SOF III -1081 Southern Financial LLC. It includes details on the term of the fund, fiscal year, and powers of the General Partner. The fund's term is set to last until the seventh anniversary of the Final Admission Date, with possible extensions. The fiscal year ends on December 31st. The General Partner is authorized to manage the fund's assets, establish offices, and handle financial transactions, including hedging for non-speculative purposes.


document_description: The document outlines the terms and conditions for admitting limited partners to the Fund, including the execution of a Deed of Adherence and capital contributions. It specifies the handling of organizational and fund expenses, the maintenance of a Register by the General Partner, and the management responsibilities of the General Partner.


document_description: The document outlines the authority and responsibilities of Southern Financial LLC and GP Ltd in managing and operating a fund. It specifies the powers of the General Partner and the Manager, the exclusive responsibilities of GP Ltd, and the consultation rights of GP LP. It also addresses third-party reliance on the Manager's authority and potential conflicts of interest involving DB Private Equity and its affiliates.


document_description: The document outlines the terms under which Southern Financial LLC and its affiliates can engage in transactions with the Fund, including potential conflicts of interest and transactions with affiliates. It specifies the conditions under which the Advisory Committee must consent to such transactions and the devotion of time by the Manager's Principals during the Investment Period.


document_description: This document outlines the duties, liabilities, and conditions under which a Covered Person, including the General Partner, operates within Southern Financial LLC. It specifies the reliance on good faith actions, the non-liability for return of capital contributions, and conditions for the removal of the General Partner. It also clarifies that certain duties and liabilities under FSMA or the FCA Handbook cannot be excluded or modified.


document_description: This document outlines the procedures and consequences of replacing a general partner in a fund. It specifies the steps to be taken by the replacement general partner, including notifying the Registrar and amending the agreement. It also details the rights and obligations of the replaced general partner, including entitlement to distributions and indemnification for prior activities.


document_description: This document outlines the terms and conditions related to the replacement, removal, and responsibilities of the General Partner in a Fund. It includes provisions for the automatic removal of a General Partner, the process in the event of bankruptcy or dissolution, and the payment of private debts by the General Partner. It also specifies the limitations on the participation of Limited Partners in the management of the Fund.


document_description: The document outlines provisions related to the potential classification of a fund's assets as 'plan assets' under ERISA regulations. It discusses the implications for Limited Partners and Public Plan Partners if such a classification occurs, including options for accelerating payment commitments or transferring interests. The document also details actions the General Partner may take if fund assets are likely to be deemed 'plan assets' or if investment becomes illegal for a Public Plan Partner.


document_description: The document outlines the procedures and rights of the General Partner in a fund to manage ERISA-related compliance issues. It details the steps to be taken if a Limited Partner's interest in the fund could cause the fund's assets to be deemed 'plan assets' under ERISA, or if investment by a Public Plan Partner could be considered illegal. The General Partner has the right to prohibit certain actions by the Limited Partner, offer interests to other partners or third parties, and take other measures to ensure compliance.


document_description: This document outlines the procedures for the withdrawal of a Limited Partner from the Fund, including the distribution of assets and the issuance of promissory notes. It specifies the actions the General Partner may take in the event of a Limited Partner's withdrawal and the considerations involved in such decisions.


document_description: The document outlines the distribution of Distributable Cash to the Special Limited Partner and the responsibilities of Limited Partners regarding costs and expenses. It details the documentation and adjustments related to transactions under Section 3.4, including the admission of new partners and adjustments to partner accounts. It also addresses the limitations on voting rights for BHC Partners under the Bank Holding Company Act.


document_description: The document outlines the voting rights and limitations of BHC Partners in a partnership, including a cap on voting rights at 4.99% of interests. It also addresses the implications of insolvency, dissolution, or withdrawal of a Limited Partner, and the establishment of an Advisory Committee by the Manager.


document_description: This document outlines the roles, responsibilities, and procedures related to the Advisory Committee of Southern Financial LLC. It details the appointment, resignation, and removal of committee members, as well as the scope of authority of the committee. The Advisory Committee is authorized to consent, approve, review, or waive matters requiring its input, but it does not have the power to conduct business on behalf of the Fund or manage its operations.


document_description: The document outlines the roles and responsibilities of the Advisory Committee members in relation to a Fund. It specifies that members are not obligated to act in a fiduciary capacity beyond good faith, can engage in competing activities, and details the procedures for meetings and decision-making.


document_description: The document outlines the terms and conditions for the Advisory Committee and Limited Partners of the Fund. It specifies that Advisory Committee members will serve without compensation but will be reimbursed for reasonable expenses. The document also addresses regulatory matters, stating that no Limited Partner will be admitted as a 'retail client' under FCA Rules, and outlines the implications of this status. Additionally, it details the Fund's investment strategy, including the handling of Portfolio Investments and the conditions following the termination of the Investment Period.


document_description: The document outlines the terms and conditions related to the termination of the Investment Period for Southern Financial LLC. It includes provisions for funding follow-on investments, reinvestment of distributable cash, and credit facility and borrowing arrangements. The document specifies the rights and obligations of the General Partner and Limited Partners, including the ability to incur or assume indebtedness and the conditions under which loans can be drawn down.


document_description: The document outlines the financial and investment restrictions for Southern Financial LLC, including limitations on indebtedness and portfolio investments. It specifies conditions under which the fund can incur indebtedness and make investments, with particular percentages and conditions that must be adhered to. The document also mentions the need for consent from the Advisory Committee for certain actions.


document_description: The document outlines the investment strategy and guidelines for Southern Financial LLC, including discretionary and non-discretionary investment authority, plan assets, temporary investments, and related investment funds. It specifies the conditions under which the General Partner may establish related investment funds and co-investment opportunities for limited partners and third-party co-investors.


document_description: The document outlines the terms and conditions for co-investment opportunities involving the General Partner, Manager, Affiliates, and Third Party Co-Investors. It details the discretion of the General Partner in offering investment opportunities, the conditions for co-investment, and the mechanics of forming Co-Investment Funds. The document emphasizes the responsibilities and risks associated with co-investments and the proportional allocation of investment expenses.


document_description: The document outlines the formation and operation of Parallel Funds by Southern Financial LLC to accommodate legal, tax, regulatory, or other considerations for investors. It details the conditions under which Limited Partners may be admitted to these Parallel Funds and the management and governance of these funds.


document_description: The document outlines the mechanics and conditions for the formation and operation of Parallel Funds in relation to the main Fund. It specifies how investment expenses, indemnification, and fee income are to be allocated among the Fund, Parallel Funds, and Related Investment Funds. It also details the authority of the General Partner to amend the agreement to facilitate the formation of Parallel Funds and the allocation of expenses among the funds.


document_description: The document outlines the management and operational structure of Alternative Investment Vehicles under Southern Financial LLC, including compliance with financial regulations, capital contributions, and investment conditions. It details the obligations of partners, management fees, and the aggregation of investment results with the main Fund.


document_description: This document outlines the mechanics of forming Alternative Investment Vehicles by the General Partner or its affiliates, including the authority to amend the agreement without consent from any partner, provided it does not adversely affect the Limited Partners. It also details the commitments and capital contributions required from Limited Partners, including the initial capital contribution and the process for making contributions on behalf of Limited Partners.


document_description: This document outlines the capital contribution and loan terms for partners in a fund. It specifies the conditions under which partners must make additional capital contributions, the currency and repayment terms for these contributions, and the process for loan drawdowns. The fund seeks aggregate commitments totaling $1 billion, with specific commitments required from the General Partner and Special Limited Partner.


document_description: This document outlines the financial obligations and procedures for Southern Financial LLC, including the use of drawdowns for organizational and fund expenses, repayment of indebtedness, and the use of distributable cash to fund drawdowns. It specifies the pro rata share responsibilities of partners and the conditions under which distributable cash can be retained and used for loan advancements.


document_description: Section 5.6(a) of the contract outlines the conditions under which a Limited Partner can be excused from participating in a Portfolio Investment. It requires the Limited Partner to provide an opinion of counsel and other information to the Manager. The Manager can also excuse a Limited Partner if their participation is likely to have a Material Adverse Effect on the Fund. The affected Limited Partner must try to alleviate the circumstances causing the excuse. If excused, the Limited Partner will not receive distributions or reports related to the investment. The Manager has discretion to waive conditions and apply provisions to portions of a Feeder Fund's Interest. Section 5.6(b) discusses the effect of excusing a Limited Partner, allowing the Manager to decide whether to proceed with the investment without the Excused Partner.


document_description: This document outlines the actions and remedies available to the General Partner in the event of a default by a partner in Southern Financial LLC. It details the forfeiture and application of forfeited amounts, other remedies, and payment of expenses related to a defaulting partner.


document_description: This document outlines the terms and conditions related to the enforcement of the agreement, consents, and suspension or early termination of the investment period for Southern Financial LLC. It includes provisions for handling defaulting partners, the role of key persons, and the process for appointing replacements in case of suspension events.


document_description: The document outlines procedures for nominating and electing a Qualified Replacement to the Advisory Committee, reinstating the Investment Period, and addressing Removal Conduct by a Key Person or Manager. It specifies timelines for actions and the consent required from the Advisory Committee and Limited Partners.


document_description: The document outlines the legal framework for Southern Financial LLC, focusing on the roles and responsibilities of the General Partner and Manager, the process for removal of a Key Person or Manager, and the distribution of funds among partners. It includes provisions for partner accounts, distributions attributable to portfolio investments, and the ongoing role of the General Partner and Manager after the investment period ends.


document_description: This document outlines the distribution of Distributable Cash to Limited Partners and the Special Limited Partner, including the return of loans, preferred return, and profit sharing arrangements. It specifies the order and conditions under which distributions are made, including provisions for deferring distributions to the Special Limited Partner.


document_description: The document outlines the provisions for tax distributions and general distribution provisions for Southern Financial LLC. It specifies the conditions under which tax distributions can be made to partners to cover their tax liabilities, and the limitations and conditions for general distributions, including compliance with applicable laws and the rights of the fund to require return of distributions.


document_description: The document outlines the distribution policies of the SOF III - 1081 Southern Financial LLC fund. It specifies that distributions will be made in cash or marketable securities, with provisions for distributions in kind upon dissolution. It also addresses legal, regulatory, or contractual restrictions on distributions, and the handling of negative partner accounts and withdrawal of capital.


document_description: This document outlines the U.S. tax matters related to Southern Financial LLC, including tax allocations, designation of the tax matters partner, and partnership classification for tax purposes. The General Partner is given authority over tax-related decisions and filings.


document_description: This document outlines the tax-related responsibilities and actions required of Limited Partners in a fund managed by Southern Financial LLC. It includes provisions for filing notices of inconsistent treatment, administrative adjustments, and settlement agreements with the IRS. It also specifies that loans will be treated as equity for tax purposes and details actions to ensure the fair market value of transferred interests is treated as liquidation value for tax purposes.


document_description: This document outlines the withholding tax obligations and procedures for partners in Southern Financial LLC. It specifies the indemnification responsibilities of each partner, the authority of the Fund and General Partner to withhold taxes, the treatment of withheld taxes, and the applicable withholding tax rates. It also addresses the scenario where the Fund receives distributions with withheld taxes.


document_description: The document outlines the financial distribution and tax withholding procedures for partners in a fund. It details the responsibilities of the General Partner in managing distributions, tax withholdings, and compliance with FATCA regulations. Partners are required to provide necessary information and may need to make payments to the fund to cover tax obligations.


document_description: The document outlines the procedures and responsibilities of partners in the event of non-compliance with Section 6.9(e) of the partnership agreement. It details the actions the General Partner may take, including transferring interests, closing accounts, and indemnifying the Fund and General Partner against costs or expenses. It also covers the structuring of investments to minimize tax costs.


document_description: This document outlines the terms and conditions related to the management and operations of a fund by Southern Financial LLC. It includes provisions on investments in passive foreign investment companies (PFICs), compliance with the EU Savings Directive, and the appointment of a manager for portfolio and risk management.


document_description: The document outlines the structure and responsibilities of Southern Financial LLC in managing investments for a fund. It details the roles of the Manager and the General Partner, including the Manager's conformity to the Investment Management Agreement and the conditions under which the Manager's appointment may terminate. It also covers regulated activities and the calculation of the General Partner's share of profits.


document_description: The document outlines the calculation of the General Partner's Share for Southern Financial LLC during different periods of the investment lifecycle. It specifies the percentage rates applicable to Limited Partners and Feeder Funds, adjustments based on Applicable Points and Incentive Points, and reductions related to General Partner Expenses and Fee Income.


document_description: The document outlines the financial arrangements and obligations of Southern Financial LLC, specifically focusing on the General Partner's Share and the procedures for drawings by GP Ltd. It details how excess amounts are handled, the conditions for additional General Partner's Share in connection with Subsequent Closing Partners, and the process for drawings from the Fund's cash funds on specified GP Draw Dates.


document_description: The document outlines the terms related to the allocation of profits and the removal of the manager in an investment management agreement. It specifies how profits are to be allocated to GP Ltd and the conditions under which the manager can be removed.


document_description: This document outlines the terms and conditions related to the transfer of interests and distributions in a fund managed by Southern Financial LLC. It specifies the rights of affiliated partners and special limited partners upon the election of certain sections, the continuation of indemnification for the replaced manager, and the distribution entitlements of the special limited partner depending on the circumstances of the manager's removal.