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Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025581.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…, faster monetization of portfolio companies, better asset growth through new initiatives. Downside risks: Weakness in public markets and commercial real estate mar- kets pressure investment performance. Harvesting delaysD An extended pull-back in financial and capital markets t...

Supply-Side Investment Research
document TEXT-001-HOUSE_OVERSIGHT_025296.txt May 19, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ratio of employmentto-adult-population and new home sales per 1,000 adults and how these measures strongly indicate a Republican victory. Using historical data for the Gallup poll question “are you satisfied” and presidential election dates, this section would point to an overwhe...

Other Important Disclosures
document IMAGES-002-HOUSE_OVERSIGHT_014422.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…n the report, for the purpose of any recommendation in relation to: (i) an equity security, the price referenced is the publicly traded price of the security as of close of business on the day prior to the date of the report or, if the report is published during intraday trading,...

Important Disclosures
document IMAGES-007-HOUSE_OVERSIGHT_023094.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…n the report, for the purpose of any recommendation in relation to: (i) an equity security, the price referenced is the publicly traded price of the security as of close of business on the day prior to the date of the report or, if the report is published during intraday trading,...

The Search for Peace in
document TEXT-001-HOUSE_OVERSIGHT_023133.txt Dec 9, 2014 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ts of the authors have been asserted First Edition published in 2014 Impression: 1 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission in writing of Oxford Univ...

Eight plus years into the market recovery, we see valuations extended as most
document IMAGES-001-HOUSE_OVERSIGHT_012080.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ount of media buzz—particularly noteworthy con- sidering this happened before the internet was available to the general public, so “going viral” was not even a concept. After a couple of weeks of public pressure, Charging Bull was retrieved and installed at its current home at th...

Entitlement Spending: What The Programs Are and
document IMAGES-006-HOUSE_OVERSIGHT_020881.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Entitlement Spending: What The Programs Are and How They Have Evolved | Social Security Act signed into law by President Roosevelt. Created during the Medicare Part D signed Medicare cash height of the Great Depression, the Act into law to provide flow (incl. Trust provides mon...

In April, he resigned from his RNC position in the wake of a report that he had paid a former
document IMAGES-011-HOUSE_OVERSIGHT_031766.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…tigation into a Malaysian state investment fund. The Justice Department has filed civil suits claiming $4.5 billion in public money was misappropriated from the fund, 1 Malaysia Development Berhad, seeking to claim a portion of those assets. Last month, Malaysian authorities cha...

(BN) Leon Black's Tax-Overhaul Dilemma Could Alter Wall Street M
email TEXT-001-HOUSE_OVERSIGHT_023564.txt Dec 27, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ll determine how profitable the new U.S. tax regime could make Wall Street firms like his Apollo Global Management LLC. Publicly traded partnerships, such as Apollo, are taxed differently than corporations. So should Apollo take advantage of the overhauled tax rules to pay less i...

Managing Director & Global Coordinator, Public Affairs
document IMAGES-009-HOUSE_OVERSIGHT_026824.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Francis J. Kelly Managing Director & Global Coordinator, Public Affairs Head, Government & Public Affairs — North and South America Frank Kelly is Global Coordinator for Public Affairs as well as head of Government & Public Affairs for North and Latin Americas. In this role, he...

within the meaning of Section 864(b) of the Code. (See Section
document IMAGES-007-HOUSE_OVERSIGHT_024068.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

within the meaning of Section 864(b) of the Code. (See Section X, “Certain Tax and ERISA Considerations.”) The General Partner’s undertaking will be deemed satisfied with respect to the making, holding or disposing of any portfolio investment if the Non U.S. Partners are given th...

NLV-III will be managed by the New Leaf team, which currently manages NLV-I, NLV-IL, and
document IMAGES-007-HOUSE_OVERSIGHT_024022.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Il. THE TEAM NLV-III will be managed by the New Leaf team, which currently manages NLV-I, NLV-IL, and provides sub-advisory services managing the remaining healthcare technology investments in the Sprout Funds. The team of six senior partners, five of whom have worked together c...

Images 007 House Oversight 024435
document IMAGES-007-HOUSE_OVERSIGHT_024435.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

YOUR EXAMINATION OF THE COMPANY, THE GENERAL PARTNER AND THE TERMS OF THIS OFFERING, AND, IF GIVEN OR MADE, SUCH OTHER INFORMATION OR REPRESENTATIONS SHOULD NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE COMPANY, THE GENERAL PARTNER OR THE AGENTS. THIS MEMORANDUM DOES NOT C...