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Investor Presentaiton

In that time, fee rates and margins have remained steady 100 66 80 60 40 20 0 Fee Rate Implied Base Management Fees and Margins 100% 80% 60% 40% 20% 0% 2016 2017 2018 2019 2020 Q2 2021 Margin -Implied Base Management Fees -Margins 1. Excludes Oaktree. 2. Implied base management fees and margin are over LTM period. 145
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