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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
mpanes 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 at September 30 2017 EURAJSS rate of 1 1822 Both SOF and
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
mpanes 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 at September 30 2017 EURAJSS rate of 1 1822 Both SOF and
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
mpanes 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 at September 30 2017 EURAJSS rate of 1 1822 Both SOF and
Entities connected to both Pease and Dstritutons 10 Pad in Capital RR

North America
LOCATIONTaal Value
ORGANIZATIONThe Glendower SOF Team
ORGANIZATIONthe SOF Program
ORGANIZATIONSOF IV
ORGANIZATIONCaeca
ORGANIZATIONInternal Rate of Return
ORGANIZATIONNotIRR
LOCATIONVI Glendower Canted
ORGANIZATIONGkndowee SOF Team
ORGANIZATIONApperda 5 Important Pertonnance
ORGANIZATIONDathrio
ORGANIZATIONDeltas
ORGANIZATIONDseitutons fo Pad
PERSONinvested29 USS3.3 billion
ORGANIZATION