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*Sixth Street assets under management excludes (1) TOP I, which was invested as a series of commitments across multiple TPG vehicles and (2) assets and commitments of certain vehicles established by Sixth Street for the purpose of facilitating third party co-invest opportunities and includes approximately $164.9MM in LP commitments committed to but not yet activated in a vehicle in the CMS business (“TSCO IV”). Calculation of assets under management differs from the calculation of regulatory assets under management and may differ from the calculations of other investment managers.