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f 28 private equity funds purchased through an SPV, providing exposure to buyout, special situations, venture capital and real estate strategies in North America, Europe and Asia. The number of funds and companies is an estimate and shows the aggregate of each deal at closing and may include some double coun
reenhill Cogent Secondary Market Trends & Outlook, January 2018. 62 2017 Preqin Global Private Equity & Venture Capital Report — Private Equity and Venture Capital Unrealized Value by Fund Vintage Year as of June 2016. Confidential Private Placement Memorandum 22 EFTA01397973 Greg Martin ec ion . Glendower Capital Seconda
f 28 private equity funds purchased through an SPV, providing exposure to buyout, special situations, venture capital and real estate strategies in North America, Europe and Asia. The number of funds and companies is an estimate and shows the aggregate of each deal at closing and may include some double coun
reenhill Cogent Secondary Market Trends & Outlook, January 2018. 62 2017 Preqin Global Private Equity & Venture Capital Report — Private Equity and Venture Capital Unrealized Value by Fund Vintage Year as of June 2016. Confidential Private Placement Memorandum 22 EFTA01395931 GLDUS125 Gerald Ford Section 4. Glendower Capi
f 28 private equity funds purchased through an SPV, providing exposure to buyout, special situations, venture capital and real estate strategies in North America, Europe and Asia. The number of funds and companies is an estimate and shows the aggregate of each deal at closing and may include some double coun
reenhill Cogent Secondary Market Trends & Outlook, January 2018. 62 2017 Preqin Global Private Equity & Venture Capital Report — Private Equity and Venture Capital Unrealized Value by Fund Vintage Year as of June 2016. Confidential Private Placement Memorandum 22 EFTA01396495 GLDUS126 Pacific Life Insurance Co Section 4.
f 28 private equity funds purchased through an SPV, providing exposure to buyout, special situations, venture capital and real estate strategies in North America, Europe and Asia. The number of funds and companies is an estimate and shows the aggregate of each deal at closing and may include some double coun
reenhill Cogent Secondary Market Trends & Outlook, January 2018. 62 2017 Preqin Global Private Equity & Venture Capital Report — Private Equity and Venture Capital Unrealized Value by Fund Vintage Year as of June 2016. Confidential Private Placement Memorandum 22 EFTA01395467 GLDUS143 Henry Nicholas Section 4. Glendower C
f 28 private equity funds purchased through an SPV, providing exposure to buyout, special situations, venture capital and real estate strategies in North America, Europe and Asia. The number of funds and companies is an estimate and shows the aggregate of each deal at closing and may include some double coun
reenhill Cogent Secondary Market Trends & Outlook, January 2018. 62 2017 Preqin Global Private Equity & Venture Capital Report — Private Equity and Venture Capital Unrealized Value by Fund Vintage Year as of June 2016. Confidential Private Placement Memorandum 22 EFTA01397168 GLDUS127 Annandale Capital Section 4. Glendowe
Entities connected to both North America and Venture Capital Unrealized Value

United States
LOCATIONGlendower
LOCATION
Prince Charles
PERSON
Julie K. Brown
PERSON
New York
LOCATION
Deutsche Bank
ORGANIZATION
United Kingdom
LOCATION
Western Europe
LOCATIONGlendower Capital
ORGANIZATION
Madison
LOCATIONGlobal Corporate Finance
ORGANIZATION
Milan
LOCATION
University of Oxford
ORGANIZATION
J. Robert Oppenheimer
PERSON
Norway
LOCATION
University of Wisconsin-Madison
ORGANIZATION
New York University
ORGANIZATIONGallo & Co.
ORGANIZATIONCIBC Oppenheimer
ORGANIZATIONPaul Capital
ORGANIZATION