EFTA01452604

28 January 2014 Brokers. Asset Managers & Exchanges Alternative Asset Manager Initiation {Figure 47: CG Corporate Private Equity Segment Income Statement Forecasts INCOME STATEMENT 2012 1013 2013 3013 44212E 2013E 1014E 2014E 34214E 401 Swpmeetl Revenue: Fund Mel feeetyma Fetl neenmemnt ties 496.2 106 3 10(18 1310 1373 as. IMO 1466 152 5 157 9 Pert1410 stMsery fees. ret 17.8 41 4.9 4.7 4.9 186 52 62 5.3 66 Tramacton1444. MI 190 104 4.0 57 60 r 261 66 69 7.3 80 Tetil Fee Remus 5330 1228 117.7 1414 1482 r 530 1 1507 157 7 1650 171 5 %tem.'« fees Reeked 639.5 212 3 151.4 791 24.2 ' esso 1600 180.0 1500 1600 Wreaked 130.5 2076 31.2 1522 2056 P. 629 6 (252) (22 7) 64 104 Total pectoris/me tie 770 3 4199 1826 2613 460.8 ' 13146 1548 157 3 166 4 190 4 Meseme axone Voss) Malted 3.3 18 17 16 37 513 26 27 28 30 unrested 20.5 28 24 56 31 44 4 52 65 5.6 61 Tom niesIment mom (loss) 235 46 41 71 75 233 78 87 85 91 Merest and otter score 9.0 10 Il 16 I6 se 1.7 17 I.6 19 Teild revenue r 1,334.1 5415 »6.1 411.1 605.0 1473.7 316.1 3244 311.1 3725 -amnia Corm end Centre Met bate ccosneon 226.2 560 50.0 539 578 2161 568 574 579 524 Street IMM compensate» 92.5 200 21.8 276 267 96.1 262 265 267 268 Equly.tesedesspers•Con 1.2 IS 2.3 21 4 4 r 103 04 44 4.5 48 I►rfbredMet98I45MJ. %Mod 304.7 1016 65.1 316 969 " 298 2 720 no no no unmated 71.7 136 88 798 634 r 255.6 no 1) (9 1) 26 41 Total perlormsnee fearebted 316.4 1862 739 1144 1803 r 553.5 619 629 746 761 Tote, corm are benetb 696.3 2617 140.0 196.0 2492 8768 1494 151 2 163.7 172 2 General atenrestelm. & cow Matt experon 134.0 390 416 437 45.5 loos 46I 466 472 478 Deptesseen amweraten as perm 125 35 34 31 3.0 132 3.0 30 3.0 30 Merest ememse 14.3 49 67 69 7.0 255 7.0 7.0 7.0 7.0 Tote expanses 187.1 3431 1M.7 251.9 3241 16836 205.4 207.9 220,9 229.9 Pro= %gin eat 5c0nomic Wt Income (7311) 4740 239.2 105.4 159.4 an 74143 1094 117.1 1414 1429 SOSO. Cantry ~es we Ceira ant 20148 20154 201 5949 6627 771 7 21.3 244 25.7 26 7 330 347 6449 740 2 6320 720 0 890.0 Mt 7 (31.1) (19(16) (3D73) 6289 694.4 541 4 II 1 78 141 221 310 256 337 sea 427 71 82 90 1,374.7 3411.• 1,426.1 231 6 2867 3246 1063 1332 1498 16.0 222 250 2880 3560 3595 (12 4) (78.2) (1429) 275 6 277.8 2186 636.4 7219 7154 177 2109 2256 120 140 100 28.D 254 25.0 964.1 987.7 9754 410.8 5139 407 Deutsche Bank Securities Inc. Page 53 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0109739 CONFIDENTIAL SDNY_GM_00255923 EFTA01452604