EPSTEIN
page 3 / 702 . OCR, unverified
KPMG
•
Relevant Years of experience
Charles Smith
as.
717
Managing Partner, OO—London
Deutsche Bank; Bunkers Trust;
Coopers & Lybrand
Ada m Graev
0'
Partner —Newyork
Deutsche Bank; Pomona; Lehman
Brothers; ChotterferfSoros; Cowen
Joshua Glaser
Nabs 0lmos
a0
Or
Partner, Meet avenge— New York
Deutsche Bank; Paul Capital; Forum
Capita; OBC Oppenheimer
Managing Director- London
AD1A; (MS; Deutsche Bonk; Credit
Suisse
Chi Cheung
O
I
tr
Partner —London
Deutsche Bonk
I
Francesco Riga montl
O 4 1
StriorAdvisor— London
Deutsche Bonk; Golfo & Co
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
CONFIDENTIAL
SDNY_GM_00184747
DB-SDNY-0038563
EFTA01353971
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METADATA_SOURCE: IMAGES0022
METADATA_FILENAME: EFTA01353972.pdf
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Glendower Capital SOF IV, LP.
Endenotes
(1) Glendower Capita; Secondary 4iporturrities Fun.] hi. LP. rs7JF he or the 'Fund.) is being forme:: by .31+r:rower Capital LIP eGiereicieri., an ape..kited
rem efemotive of Miratiella Advisers LIP, which is authorised and regulated by the United: king0tunrinarai4lConceetAt:tivirity
(M Mature funds iiiciudir
.
•,or.SOF D anc >OF le °reran $01 Pie:yarn sr:Ch.C‘r; scat, SOF Q, SOV it an, SOF iti Perforn terse* figure; hare been calcuiatee baser;
or. the unaudited perttxmars:e results at SOP. SOF D, SOF Ir inc 50r HI as of September
201.7 and should he read arc renewed in o.:ajunotIon with
the irrird.ortara. Infonnation" arc 'Notes to inve,,Mient Perform:once Infornehon- s(:::.faan.s of this. i:Saaneril_ GI,x:s more are gros: of fern:, eafrenses
am terrier, interest. Net performance retie:Ls arn:::::nts net Cr expenS4C., tees snø carrier interest. Past performance is rot a (.11tieeli011 of tror future
pelornwice of $OF. SOV O. SOF
SOF iii bold: ini.luder, to dernoratrate the trast rettet of the Glen:Ante Team :one tirre can be rma13:.~1:":: that.
SOF ri will a:Newton:parable resgts,
(.:1) sor 0 b
roderrominatec Ft re Convener...It the Secterramr ;XL 2017 fil.laluSta rate of 1.182;:,
(4) het, SOT ail $OF D art el:rested in the Daiiiro Pir Sale —a well dieersifier: portfolio of 28 private ecuite funds porchased through an WV, provenly
enemure to buyout, special situations.
rr capita( and rtx.rl estate strateAe.' ei North Autka. Europe an:; Asia- The .gin er of lure,. and corm:Imes
is a best estIn'ate arc shows the aggregate of each deal at closing :mid may induce some double counting.
(S) Source: Cambridge Asscciates Seconnars PenchtnaN st*ti:xles
ci September 30, a 417 basin, on data dorripl
- from 140 ~Mar, funds with a
minina.ni of Shire.: per year, including lolly licuicatec partner; hire, formed between 2044 and 414 Each SOF lund r,. strewn benchmarked against their
lespe: tie ':image peer group. TG's infe/rnatir+n reflects a doMPansOn of tor, SOF
Hand ser
greiorreance agairea one berr. breart'. cos.; duartiles
nay eller when compared to other berichmarking sources $OF. 501 D, SOF It and SOF ill cat-4 b rot included in the data set used to calculate the
rit"-ehrnarkelata.
(6)
information presented in this chart is baser; or; the unauciteri results of SOF, SOF D, SOr H ant; y8 ill as dif September 30. 2017 and should be read and
reviewed in conjunaion *eh the "irn_port it lniermation- and "Motet: to investment Performance intorrri
rdn. sect ions et this doo.ment
(n Past Pertorrnance Is NH a fireeCtIce et the future pert:cm:woe of ;,OF. SOT 0, SOV II or SOF Ill but i:: inc.iunee in demonstrate the pact, recore ot the
Glendower feapl.
(a) Internal rates of relt.rna are net of fees, eApenses and cameo interest.. Cambridge Asa1Ciales research slums that most fixes take at least six years b)
selde into thee final quartile neking ard PreviouS to this settlirg they typk:ally rant in nether ccartiles, therefore ()Ad or tieridiMark per lorniar.e.e
metrics from more recent veitau: years may be less meaningful. Median is the nix: Gle fund Ilte of the group of individual lund (lifts included In a vintage
y.
fur::). Upper: lower -.nail. are the threshold: tor the cpc.#r (tee ≥S%) are., toper ticItorn Sko e,arnies cosec( on the _:dis dual
RR: included in a vintage year and aret see in c cop:riche:my:Ph the median to determine r4i,artile placement 0/1:rarneniB fLilr;sl
at.9.1
PP!
001/3.0:1:404: V, Paidan Capeat P.VN = Residual Valte lo Paid-in Capital: PiPiir Total Value (0
cac4nfil. r:pE, aVPE and pre are owlet; return
agveliacin« all cash (lows arc end tnt NAVs in a :amp(- in calculate e ci.auir.weighted r.,c n
read the confceritbl private placement merncianum Ct the [err::
-Mernc:rarcurn, for the tull in:Satre of rut ractets.contle:ts of intererc
cornek)te terms. arc regulatory and tax coreaderatiorn• of the Fund For limber tindlosure ol fees, such as fees and eapenses paid by the Fun°, please
retry ix the Mernerandurd, the amerce.: and restated limited partnership agreement are the deed of adherence of the