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  "documentTitle": "Perella Weinberg Partners | Investment Banking Pitch Book | 25 slides",
  "authorId": "perella-weinberg-partners",
  "authorName": "Perella Weinberg Partners",
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  "presentationDate": "2019-03-01 00:00:00",
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  "notes": "The slide uses a floating bar chart to show valuation ranges for different methodologies relative to specific exchange ratio benchmarks.",
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      "text": "Floating bar chart showing valuation ranges for 52-week range, analyst targets, trading comparables, and DCF analysis.",
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      "text": "Source: Oslo and Berlin Company filings, Oslo Management projections as of 03/02/2019, Berlin Management projections as of 02/01/2019, FactSet as of 03/06/2019. Notes: Low end of exchange ratio range based on Oslo low end of unit price range divided by Berlin high end of share price range; High end of exchange ratio range based on Oslo high end of unit price range divided by Berlin low end of share price range. Valuation as of 03/31/2019. (1) Assumes 5.75x - 7.75x net incentives multiple (equal to 50% of FRE terminal multiple) and 1.0x Q1 2019E book value of corporate investments.",
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      "text": "(Exchange ratios expressed as Berlin shares per Oslo Class A unit)",
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      "text": "Exchange Ratio Valuation Summary",
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