DOWNSTREAM PARTNERS

Investment Fund and Hedge fund financial services, namely, privately-offered investment fund and hedge fund investment management services; Financial services, namely, investment advice, investment management, asset management, and investment of funds for others, including investment and asset management services pertaining to privately-offered investment funds investing in private and public equity and debt securities; none of the aforesaid services including tax consultation in the field of tax-deferred exchanges of property, serving as an accommodator in connection with tax deferred exchanges for real property pursuant to Internal Revenue Code §1031, or financial and tax consulting services in the field of tax-deferred exchanges of real property