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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
formance of SCF. SOF D SOF II or SOF Ill but is included to demonstrate the track record of the Gkndowee SOF Team and there can be no assurance that SOF IV wil achieve cemperatie results or that any target results well be achieved 'Invested' is dens as the sum et me purchase pnca and iernanong unfunded
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
formance of SCF. SOF D SOF II or SOF Ill but is included to demonstrate the track record of the Gkndowee SOF Team and there can be no assurance that SOF IV wil achieve cemperatie results or that any target results well be achieved 'Invested' is dens as the sum et me purchase pnca and iernanong unfunded
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
formance of r-iF SOF D SOF II or SOF III but is included to demonstrate the track record of the Glawkwee SOF Team and there can be no assurance that SOF IV will achieve comparable results or that any target results wall be achieved 'Invested is dens as the sum et me purchase aloe and remaining unfunded
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
formance of SCF. SOF D SOF II or SOF Ill but is included to demonstrate the track record of the Gkndowee SOF Team and there can be no assurance that SOF IV wil achieve cemperatie results or that any target results well be achieved 'Invested' is dens as the sum et me purchase pnca and iernanong unfunded
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
ormance of SCF. SOF D SOF II or SOF III but is included to demonstrate the !rack record of the Gkrickwer SOF Team and there can be no assurance that SOF IV wit achieve ccinpewatie results or that any target results will be achieved 'Invested' is deans as the sum d the purchase pace and 'donning unfunded
Entities connected to both Pease and SOF IV

Prince Charles
PERSON
Deutsche Bank
ORGANIZATION
United States
LOCATION
Joi Ito
PERSONthe SOF Program
ORGANIZATIONThe Glendower SOF Team
ORGANIZATION
North America
LOCATION
Sprint
ORGANIZATION
the Office of Foreign Assets Control
ORGANIZATION
Julie K. Brown
PERSONCayman
LOCATIONMaria Farmer
PERSONInternal Rate of Return
ORGANIZATION
FDIC
ORGANIZATION
George Soros
PERSON
United Kingdom
LOCATION
Michael Douglas
PERSON
Madison
LOCATION
New York
LOCATION
Milan
LOCATION