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o cf 28 prorate equity funds purchased through en SPV. providong exposure to buyout special situations, venture captal and real estate strategies on North America. Europe and Asa The number of funds and companes is an estimate and shows the aggregate of each deal at dosing and may inctude sane double onunbng
r Canted based on Prow benchmark data for the median 1VPI and Net RR achieved by buyout funds la vireages et 1997 to 2017 Average buyout TVPI = 159x Average Net RR v 155% Data as of September 30 2017 For further benchmarlong VI Glendower Capital to tuyoLt returns. pease refer to Exhibit 3 Pau performance is n
olio ct 28 private equity funds purchased through an SPV. provide+ exposure to knout stecal situations, venture captal and real estate strategies in North America. Europe and Mid The nurnoer et funds and companes is an estimate and shows the aggregate of each dear at dosing and may include sane double counting
Capital based on Proem benchmark data for the median 1VPI and Net RR achovod by buyout funds kr vintages et 1997 to 2017 Average buyout TVPI = 159x Average Net RR v 155% Data as of September 30 2017 For further bencnsharleng of Glendower Captal to buyout returns. pease refer to Exhibit 3 Past performance is
io itt 28 private equity funds purchased through an SPV. provide+ exposure to knout spec/al situations, venture captal and real estate strategies in North America. Europe 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
Capter based on Precm benchmark data for the median 1VPI and Net RR echoer+ by buyout funds trx vintages of 1997 to 2017 Average buyout TVPI = 159x Average Net RR x 155% Data as of September 30 2017 For further benonswarlang of Glendower Captai to tuyoul returns. pease refer to Waal Pas, performance is not a
f 28 private equity funds purchased through en SPV. providing exposure to Ituyoul. special situations, venture capital and real estate strategies in North America. Europe and Asa The number of funds and companes is an estimate and shows the aggregate of each deal at closing and may include sane double ccunbng
Capital based on Prow benchmark data for the median 1VPI and Net RR achieved by buyout lungs for singers et 1997 to 2017 Average buyout TVPI = 159x Average Net RR v 155% Data as of September 30 2017 For further benchmanang a Glendower Captal to tuyoul returns. Orease refer to Exhibit 3 Pau performance is not
bo cr 28 pram* equity funds purchased through an SPV. providing exposure to Ituyout special situations, venture captal and real estate strategies in North America. Europe and Asa The name, of funds and companes is an estimate and shows the aggregate of each deal at closing and may incrude sane double counting
wer Capital based on Precm benchmark data fa the median 1VPI and Net RR acheved by buyout funds fix moves of 1997 to 2017 Average buyout TVPI = 159x Average Net RR x 155% Data as of September 30 2017 For further benchmartang of Glendower Can tai to tuyoLt returns. pease refer to Exhibit 3 Past performance is
Entities connected to both North America and Average Net RR
the SOF Program
ORGANIZATIONThe Glendower SOF Team
ORGANIZATIONSOF IV
ORGANIZATIONTaal Value
ORGANIZATIONInternal Rate of Return
ORGANIZATIONSource Glendower Capital
ORGANIZATIONPrecm
ORGANIZATION