LTE Partners has never generated a down year due, in part, to the successful navigation of two of the worst downturns in history (2002 & 2008). The Firm's long-term success is built on several key investment principles: o Willingness and desire to adapt to changes in business cycles, as they present long-term, profitable investment opportunities. o Allocating capital across non-correlated assets including Equity, Debt, Private Equity, and Real Estate provides a substantially improved risk-return profile o The return-premium associated with Private Equity and Real Estate investing can be identified and captured Target top-down research, which includes analysis of macro trends including ZIRP, Fed Intervention, and Sub-prime Housing to reduce risk and provide guidance on multi-asset class