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2017 Average buyout TVPI = 159x Average Net RR = 155% Data as of September 30 2017 Fot further benchmariong VI Glendower Canted to tuyoul returns. Pease refer to Went 3 Pau performance is not a psocicil of Ile future performance of SCF. SOF D SOF II or SOF Ill but is included to demonstrate the track
and Asa The number of funds and companes is an estimate and shows the aggregate of each deal at dosing and may include sane double counting TVPI = Taal Value to Paid in Caeca'. DPI = Dstritutons 10 Pad in Capital RR = Internal Rate of Return SCF D es a Ebro denominated fund US$ valued have been converted
2017 Average buyout TVPI = 159x Average Net RR = 155% Data as of September 30 2017 Fot further benchmariong VI Glendower Canted to tuyoul returns. Pease refer to Went 3 Pau performance is not a psocicil of Ile future performance of SCF. SOF D SOF II or SOF Ill but is included to demonstrate the track
and Asa The number of funds and companes is an estimate and shows the aggregate of each deal at dosing and may include sane double counting TVPI = Taal Value to Paid in Caeca'. DPI = Dstritutons 10 Pad in Capital RR = Internal Rate of Return SCF D es a Ebro denominated fund US$ valued have been converted
2017 Average buyout TVPI = 159x Average Net RR = 155% Data as of September 30 2017 Fot further benchrnarlong VI Glendower Canted lo tuyoul returns. Pease refer to Exhibit 3 Pau performance is not a peocicil of the future performance of r-iF SOF D SOF II or SOF III but is included to demonstrate the tr
e and Asa The number or funds and companes is an estimate and shows the aggregate of each deal at dosing and may include sane double ccunbng TVPI = Taal Value to Paid in Capital. DPI = Dstrituttons to Pad in Capital RR = Internal Rate or Return SOF D rs a Euro denominated fund US$ valued have been converte
2017 Average buyout TVPI = 159x Average Net RR = 155% Data as of September 30 2017 Fot further benchmariong VI Glendower Canted to tuyoul returns. Pease refer to Went 3 Pau performance is not a psocicil of Ile future performance of SCF. SOF D SOF II or SOF Ill but is included to demonstrate the track
and Asa The number of funds and companes is an estimate and shows the aggregate of each deal at dosing and may include sane double counting TVPI = Taal Value to Paid in Caeca'. DPI = Dstritutons 10 Pad in Capital RR = Internal Rate of Return SCF D es a Ebro denominated fund US$ valued have been converted
017 Average buyout TVPI = 1 59x. Average Net RR = 155% Data as of September 30 2017 Fot further benchmarlong of Glendower Ceptad to buyout returns. Pease refer to Extant 3 Pat, performance is not a peocici, o111* future performance of SCF. SOF D SOF II or SOF III but is included to demonstrate the !ra
e and Asa The number of funds and companes is an estimate and shows the aggregate 01 each deal at closing and may evade sane double counting TVPI = Taal Value to Paid in Capital. DPI = Dstritutons to Pad In Capital RR = Internal Rate of Return SCF D rs a Euro denomnated fund USS valued have been converted
Entities connected to both Pease and Taal Value

North America
LOCATIONThe Glendower SOF Team
ORGANIZATIONthe SOF Program
ORGANIZATIONReese
PERSONSOF IV
ORGANIZATIONInternal Rate of Return
ORGANIZATIONNeese
PERSONNotIRR
LOCATIONCaeca
ORGANIZATIONinvested29 USS3.3 billion
ORGANIZATIONVI Glendower Canted
ORGANIZATIONGkndowee SOF Team
ORGANIZATIONApperda 5 Important Pertonnance
ORGANIZATIONDathrio
ORGANIZATIONDstritutons 10 Pad in Capital RR
ORGANIZATIONDseitutons fo Pad
PERSONDeltas
ORGANIZATION