ROYAL BANK OF SCOTLAND INTERNATIONAL

ST. PETER PORT, United Kingdom

Funds Served

227

Total GAV

$68B

Funds

Fund Name	Adviser	Type	GAV
ALTOR FUND II (NO. 2) LIMITED PARTNERSHIP	ALTOR FUND II GP LIMITED	Private Equity Fund	$525.9M
EUROPA FUND V (N°1) L.P./EUROPA FUND V (N°2) L.P.	EUROPA CAPITAL LIMITED LIABILITY PARTNERSHIP	Real Estate Fund	$489.6M
EUROPA FUND V (N°1) L.P./EUROPA FUND V (N°2) L.P.	EUROPA CAPITAL LIMITED LIABILITY PARTNERSHIP	Real Estate Fund	$489.6M
PERMIRA CREDIT SOLUTIONS V MASTER (FEEDER) SCSP	PERMIRA CREDIT LIMITED	Hedge Fund	$488.4M
PERMIRA CREDIT SOLUTIONS V MASTER (FEEDER) SCSP	PERMIRA CREDIT LIMITED	Hedge Fund	$488.4M
INVESTINDUSTRIAL V L.P.	INVESTINDUSTRIAL ADVISORS LIMITED	Private Equity Fund	$462.4M
MID EUROPA FUND V LP	MIDEUROPA LLP	Private Equity Fund	$459.7M
EUROPA FUND III, L.P.	EUROPA CAPITAL LIMITED LIABILITY PARTNERSHIP	Real Estate Fund	$458.9M
INFRARED LIVEOAK CIV LP	INFRARED CAPITAL PARTNERS LIMITED	Other Private Fund	$394.7M
INFRARED LIVEOAK CIV LP	INFRARED CAPITAL PARTNERS LIMITED	Other Private Fund	$394.7M
BARING VOSTOK FUND IV SUPPLEMENTAL FUND, L.P.	BARING VOSTOK CAPITAL PARTNERS GROUP LIMITED	Private Equity Fund	$391.5M
PORTAVENTURA CONTINUATION L.P	INVESTINDUSTRIAL ADVISORS LIMITED	Private Equity Fund	$379.8M
ZENITH 2 LP	MIDEUROPA LLP	Private Equity Fund	$330.3M
PERMIRA CREDIT SOLUTIONS IV MASTER (FEEDER) SCSP	PERMIRA CREDIT LIMITED	Hedge Fund	$316.5M
PERMIRA CREDIT SOLUTIONS IV MASTER (FEEDER) SCSP	PERMIRA CREDIT LIMITED	Hedge Fund	$316.5M
MEF IV CO-INVESTMENT LP	MIDEUROPA LLP	Private Equity Fund	$316.4M
KREOS CAPITAL IV (EXPERT FUND) LIMITED	KREOS CAPITAL GROUP LIMITED	Private Equity Fund	$311M
KREOS CAPITAL IV (EXPERT FUND) LIMITED	KREOS CAPITAL GROUP LIMITED	Private Equity Fund	$311M
EUROPA GENERATION STUDENT, L.P.	EUROPA CAPITAL LIMITED LIABILITY PARTNERSHIP	Real Estate Fund	$302.1M
EUROPA GENERATION STUDENT, L.P.	EUROPA CAPITAL LIMITED LIABILITY PARTNERSHIP	Real Estate Fund	$302.1M
AFRICAN DEVELOPMENT PARTNERS II L.P.	DEVELOPMENT PARTNERS INTERNATIONAL LLP	Private Equity Fund	$297.8M
HEDOSOPHIA GAMMA II LIMITED PARTNERSHIP	HEDOSOPHIA ADVISOR LIMITED	Venture Capital Fund	$285.2M
HEDOSOPHIA GAMMA II LIMITED PARTNERSHIP	HEDOSOPHIA ADVISOR LIMITED	Venture Capital Fund	$285.2M
EMERGING EUROPE CONVERGENCE FUND II, L.P.	MIDEUROPA LLP	Private Equity Fund	$259.1M
INFRARED INFRASTRUCTURE VI (1) LP	INFRARED CAPITAL PARTNERS LIMITED	Other Private Fund	$248.4M