#efta01452582
LightNews LightNews
epsteinweb.bsky.social
Parts 1-2/2 — EFTA01452582.jpg
#epsteinweb #efta01452582
https://epsteinweb.org
EFTA01452582 | EFTA01452582 28 January 2014 Brokers. Asset Managers & Exchanges Alternative Asset Manager Initiation For CG (Figure 12), somewhat similar to BX, we also expect relatively good growth, somewhat slower, but also steadier, and with a potential of modest growth after realizations peak around 2015-16. We also expect the business mix to remain relatively stable, with the growth in Solutions aided by the acquisition of the remaining 60% of Alpinvest late this year. With realizations beginning to slow in 2016 and with CG's stronger organic growth, we expect the fee component of the mix to also improve throughout our forecast horizon. 'Figure 12: CG — 013 forecasts for El by segment & revenue by type (Sinn) 2012 $479 $116 $67 $24 5736 Pretax Economic Income (B) 2013E 2014E 2016E $788 $511 6514 $147 $210 6165 $16 $167 $203 $90 $201 $200 31.025 $1662 $1,104 segments Corporate Reale Ern* Global Market Strategies Real Assets Solutians Tool Segments Fees Carried Interest & Inconliies Rrepel & other income Tool Segments corporate PI iv ale Equdy Global Market Seato% Real Assets Sorties Total Segments Foes Gamed Merest & reentries Rincipal 6 other income Total 2016E $449 $244 $160 $196 $1049 CAGR 2012.16E -16% 10.3% 24.4% 683% 93% 651% 22.5% 9.1% 3.3% 100.0% Pretax B Business Mix 71.4% 49.8% 47.5% 19.0% 14.3% 15.3% 16.3% 1.4% 187% 82% 195% 185% 100.0% 100.0% 100.0% 42.8% 23.3% 15.3% 18.7% 100.0% Average 2012.16E 55.3% 18.9% 12.2% 13.6% 1000% 2012 $993 $996 $55 $2.044 Revenues by Type 2013E 2014E 2016E $1.321 $1,115 $1,491 $1,683 61.200 $1,256 $20 $87 $99 $2,818 $2,608 $2,845 2016E $1.733 $1.033 6109 62.875 CAGR 2012.16E 14.9% 09% 18.5% 89% 48.6% 48.7% 2.7% 100.0% Revenue Mix by Type 39.6% 50.7% 52.4% 59.7% 46.0% 44.1% 0.7% 3.3% 3.5% 100.0% 100.0% 100.0% 60.3% 35.9% 3.8% 100.0% Average 2012.18E 50.3% 46.0% 28% 1000% Scutt CO,Aerr reterta rat Pinney 8sM Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL Page 15 DB-SDNY-0109701 SDNY_GM_00255885 EFTA01452582
February 21, 2026 at 11:15 AM