EFTA01378220

SRLP1 02 Alpha Group Capital Airvana: Results Post-Close Key Achievements Post-Close r. 201 As 2010 Close Acquisition Dividend Recap #1 Gross Realized & Unrealized Returns (Si,:::') Total Gross MOIC Fund + Co-Invest: 3.5x Fund only: 3.3x • Returned $204 mm to investors • Represents 1.5x gross MOIC 4.th 5481 $481 Dec. 2010 Bond EBITDA Growth • Grew EBITDA from $97 mm to $217 mm 3.0% $186 $186 A r. 2011 Dividend Recap #2 • Returned $172 mm to investors • Incremental 1.3x gross MOIC, O 2.0x bringing total gross MOIC to 2.8x Dec. 2011 Bond EBITDA Growth • Further grew EBITDA from $217 mm 1.0x to $344 mm O $295 $295 Se r. 2013 Bond Sold I Apr-2010 • Ericsson acquired for $200 mm Acquisition Dee. 2014 • Incremental 0.7x gross MOIC, bringing total gross MOIC to 3.5x Call Option Turnaround • 2014 EBITDA of $2.3 mm; up from 0.0x (1.0x) ($80) Realized Total Value Value Co-Investor Share a Fund Share I I-. 56 ($136) ($55) mm in FY 2009 entry Sep. 2015 Call Option Sold • CommScope acquired for $50 mm • SIRIS Noto: Return Maud* SIS nulhon a arrow proceedsthat would be ml September 2017. The actual realund mum a such unrealized investments may dant materially from the niuren and ceded. Pleas. n. "Appendu-Fecencees" kr adddiOna tOnieder shoos Ind defurhors. Pat performance S net nett-madly indkative a future Inuits. Cc-ad..... ter 37 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0075381 CONFIDENTIAL SDNY_GM_00221565 EFTA01378220