EFTA Document EFTA01378245

Och-Ziff Capital Management Group Multi-Strategy Approach OCH-ZIFF CAPITAL MANAGEMENT GROUP ■ Och-Ziff has four core businesses in the U.S., Europe and Asia ■ Investment professionals across all businesses collaborate on research, industry views and investment ideas Och-Ziff Capital Management Group AUM: $46.1 billion' Opportunistic Och-Ziff Credit Strategies $16.6 billion2 Strategies Equities $25.2 billion2 Convertible / Derivative Arbitrage $2.3 billion2 • Mathematical approach • Hedging of credit and currency Real Estate and Other Private Investments $3.2 billion2 • Multiple property types • Direct equity • Management changes • Capital structure changes Credit Institutional Credit • Spin-offs/split offs • Joint ventures • Single company credit • Recapitalizations/ arbitrage • REITs/REOCs Corporate Credit Structured Credit Customized CLO Management Solutions reorganizations • Relative value of different • Liquidations/divestitures structured products ■ Corporate divestitures • Structured capital solutions • Corporate distressed and • Active strategies across • Semorsecuredloans • Commingled loan vehicles • Share class discrepancies opportunistic investing securitized products managed in a CL0 structure • Senior secured loans in • Mergers/tender offers • dInedauisi stry pialtroocnn usesd • Other dislocated single name • Asset-based securities strategies and loans separate accounts • Proxy contests ■ Rights offerings/exchange offers • Energy and infrastructure As of September 1.2015 unless otherwise noted, The information contained herein is estimated based on unaudited data Nutters are subject to rounding 2 AUM information represents assets under management of 02 Management LP and ns effsiates irnested in each of the strategies shown as of July I, 2015. The AUM information includes combined assets invested through mum-strategy funds and accounts, which engage in more than one of the strategies shown, assets livened trrough funds or accounts dedicated to a single strategy and CIO,. Strategy allocations of multidtrategy funds and accounts change over time and there can be no assurance that the information shown will not change materially. AUM information for funds and accounts engaging in multiple strategies hat been calculated by adjusting to exclude leverage based on the following assumptions: ConvartibiaMenvativi Arbitrage generally assumes a leverage ratio of 31 and Portfolio Finance, which is a substratOgy of Convenible/Derivative Arbitrage, assumes a leverage ratio of I 0- I, winch approximates the historic leverage in those strategies Synthetic Structured CrodiL which is a subitrategy of Structured Credit, assumes a leverage ratio of 5.I. Share Class LonWShort, which is a sub-strategy of Long/Short Equity Special Situations, assumes a leverage ratio of al for Asia and 10:1 for Europe. Certain non-recourse financing subsidiaries reflect capital at risk rather than the gross long market value of these entities, given the non-recourse nature of these entitles. AUM information (I) is presented gross of accrued incentive compensation, lid for funds and accounts engaging in multiple strategies does not include capital allocated to Cash arid (Iii) Includes Invested capital plus untwided commitments. The Investment Manager may determine that the Characteristics of a particular Investment (Le, risk, exposure, asset class, or other characteristics) are best represented by more than one strategy. In these situations, an investment may be divided into more then one strategy for purposes of this presentation. 0CH-ZIFF CAPITAL MANAGEMENT GROUP CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0075408 SDNY_GM_00221592 3 EFTA01378245