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sd-10-EFTA01364526Dept. of Justice

EFTA Document EFTA01364526

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GLDUS238 SOUTHERN FINANCIAL LLC SOF Funds show consistent performance1 Across different fund sizes, fund vintages and economic cycles Net Contributed Capital (as % of Fund Size) Net IRR 30% 100% min S.09 -SOF 11 60% 40% 20% 0% 20% -40% 25 27 29 31 33 35 37 39 41 43 45 DPI (Distributed to Paid-In Capital) 20x 1.8x 1.6x 1.4x 12x 1.0x 0.tor 0.5x 0 4x 0,2x 0.0x Quarters from inception -$PF -SOF JI EON 40% - 20% 0% ..SOF 6 ti-is5OF III t 3 5 7 9 11 13 15

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Dept. of Justice
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sd-10-EFTA01364526
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