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nd. iCapital Advisors, LLC, a subsidiary of Institutional Capital Network, Inc. (d/b/a iCapital Network), is an investment adviser registered with the U.S. Securities and Exchange Commission ("SEC"). The registrations and memberships above in no way imply that the SEC has endorsed the entities, products or services discussed herein. Ad
er 10 years: ■ Average 20% discount to FMV ■ Average —80% funded at time of entry Francesco Rigamonti 18 Senior Advisor — London Deutsche Bank; Gallo & Co. EFTA01395063 GLDUS183 Dimension Capital Management Strictly Confidential Endnotes (1) Glendower Capital Secondary Opportunities Fund IV, L.P. (
nd. iCapital Advisors, LLC, a subsidiary of Institutional Capital Network, Inc. (d/b/a iCapital Network), is an investment adviser registered with the U.S. Securities and Exchange Commission ("SEC"). The registrations and memberships above in no way imply that the SEC has endorsed the entities, products or services discussed herein. Ad
er 10 years: ■ Average 20% discount to FMV ■ Average —80% funded at time of entry Francesco Rigamonti 18 Senior Advisor — London Deutsche Bank; Gallo & Co. EFTA01395728 GLDUS143 Henry Nicholas Strictly Confidential Endnotes (1) Glendower Capital Secondary Opportunities Fund IV, L.P. ("SOF IV" or th
nd. iCapital Advisors, LLC, a subsidiary of Institutional Capital Network, Inc. (d/b/a iCapital Network), is an investment adviser registered with the U.S. Securities and Exchange Commission ("SEC"). The registrations and memberships above in no way imply that the SEC has endorsed the entities, products or services discussed herein. Ad
er 10 years: ■ Average 20% discount to FMV ■ Average —80% funded at time of entry Francesco Rigamonti 18 Senior Advisor — London Deutsche Bank; Gallo & Co. EFTA01397428 GLDUS127 Annandale Capital Strictly Confidential Endnotes (1) Glendower Capital Secondary Opportunities Fund IV, L.P. ("SOF IV" or
nd. iCapital Advisors, LLC, a subsidiary of Institutional Capital Network, Inc. (d/b/a iCapital Network), is an investment adviser registered with the U.S. Securities and Exchange Commission ("SEC"). The registrations and memberships above in no way imply that the SEC has endorsed the entities, products or services discussed herein. Ad
er 10 years: ■ Average 20% discount to FMV ■ Average —80% funded at time of entry Francesco Rigamonti 18 Senior Advisor — London Deutsche Bank; Gallo & Co. EFTA01396755 GLDUS126 Pacific Life Insurance Co Strictly Confidential Endnotes (1) Glendower Capital Secondary Opportunities Fund IV, L.P. ("SO
nd. iCapital Advisors, LLC, a subsidiary of Institutional Capital Network, Inc. (d/b/a iCapital Network), is an investment adviser registered with the U.S. Securities and Exchange Commission ("SEC"). The registrations and memberships above in no way imply that the SEC has endorsed the entities, products or services discussed herein. Add
te, London Maxine Turner 20 Executive Assistant London 2 years with the team Francesco Rigamonti 20 Senior Advisor — London Deutsche Bank; Gallo & Co. MBA, University of Chicago Booth; MA, Milan Univ. Elena Smirnova 7 Vice President, London 2 years with the team Helena Turley 12 Client Rel
nd. iCapital Advisors, LLC, a subsidiary of Institutional Capital Network, Inc. (d/b/a iCapital Network), is an investment adviser registered with the U.S. Securities and Exchange Commission ("SEC"). The registrations and memberships above in no way imply that the SEC has endorsed the entities, products or services discussed herein. Add
te, London Maxine Turner 20 Executive Assistant London 2 years with the team Francesco Rigamonti 20 Senior Advisor — London Deutsche Bank; Gallo & Co. MBA, University of Chicago Booth; MA, Milan Univ. Elena Smirnova 7 Vice President, London 2 years with the team Helena Turley 12 Client Rel
nd. iCapital Advisors, LLC, a subsidiary of Institutional Capital Network, Inc. (d/b/a iCapital Network), is an investment adviser registered with the U.S. Securities and Exchange Commission ("SEC"). The registrations and memberships above in no way imply that the SEC has endorsed the entities, products or services discussed herein. Add
te, London Maxine Turner 20 Executive Assistant London 2 years with the team Francesco Rigamonti 20 Senior Advisor — London Deutsche Bank; Gallo & Co. MBA, University of Chicago Booth; MA, Milan Univ. Elena Smirnova 7 Vice President, London 2 years with the team Helena Turley 12 Client Rel
nd. iCapital Advisors, LLC, a subsidiary of Institutional Capital Network, Inc. (d/b/a iCapital Network), is an investment adviser registered with the U.S. Securities and Exchange Commission ("SEC"). The registrations and memberships above in no way imply that the SEC has endorsed the entities, products or services discussed herein. Add
te, London Maxine Turner 20 Executive Assistant London 2 years with the team Francesco Rigamonti 20 Senior Advisor — London Deutsche Bank; Gallo & Co. MBA, University of Chicago Booth; MA, Milan Univ. Elena Smirnova 7 Vice President, London 2 years with the team Helena Turley 12 Client Rel
Entities connected to both the Securities and Exchange Commission and Gallo & Co.

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