EFTA Document EFTA01370433

RIN I ("RIN LTD") CLO First CLO Primarily Secured by Loans to Economic Infrastructure Assets Deutsche AM's inaugural infrastructure CLO, RIN I closed on October 25th 2017 First Infrastructure CLO rated by Moody's under its Project Finance & Infrastructure CDO Rating Methodology2 100% ramped (91% ramped at closing) Current Weighted Average Rating Factor of 19023 Vehicle leverage of 6.67x: 15% par subordination through Baa3 rated Notes Notes priced at WACD of 191 bps; 21bps wider than BSL CLO4 • Note and Equity tranches purchased by 23 unique investors 60bps of Par Creation vs 36bps for 2015 vintage BSL CLO4 Current Equity NAV of 104.2%5 • Weighted Average Spread of 370bps vs 357 bps for 2015 vintage BSL CLO4 Equity achieved cash on cash yield of 15.81% during warehouse period6 Note Tranche Summaryl Class Class A Moody's ating Aaa Size ($mm) 5273.330 Par Sub. 39.26% Wtd. Aug' ALife 5.2 Coupon (L+bps) 150bps Price 100.0 Class B Aa3 $51.795 27.75% 6.9 185bps 100.0 Class C Baa3 $57,375 15.00% 7.8 390bps 100.0 Equity NR $67.500 N/A N/A N/A 100.0 Structure Terms1 Reinvestment Period: Non Call Period: Stated Maturity: First Payment: Risk Retention: 4 years 2 years 11 years April 20, 2018 Dual Compliant (Deutsche Bank retained 5% vertical slice) (1) As of closing on October 29' 2017. (2) 'Moody's Approach to Rating Collateralized Debt Obligations Backed by Project Finance and Infrastructure Assets; August 12. 2015. (3) As of January 17Th 2018. (4) Source. Morgan Stanley Research. As of December 311, 2017. (5) Calculated as (i)Equity contributed plus the sum of (a) the market value of the Principal Collateral plus (b) Principal Collection Account plus (c)Ramp Up Account minus (d) total deal capitalization divided by (ii) Equity contributed. Calculation as of October 251" 2017. (6) Calculated as the average of each quarters cash on cash yield since the warehouse period's first payment in April 2015. Please note that returns shown are net of fees, including the performance fee.. Please see notes included at end of presentation for the effect of fees on performance. Past performance is not indicative of future results. Deutsche Asset Management Infrastructure Debt Presentation: RIN II Equity March 2018 13 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00209415 DB-SDNY-0063231 EFTA01370433