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e purposes of the applicable Brazilian regulations and has therefore not been and will not be registered with the Brazilian Securities Commission (Comissao de Valores Mobiliarios) or any other government authority in Brazil. All information contained herein is confidential and is for the exclusive use and review of the inte
to the investments. Valuation uncertainties may be compounded if there are problems with the economies of the markets in which the Fund operates. Absence of Investment Company Act protection The Fund is not required to, and will not, register as an investment company under the U.S. Investment Company Act of 1940, as amended
e purposes of the applicable Brazilian regulations and has therefore not been and will not be registered with the Brazilian Securities Commission (Comissao de Valores Mobiliarios) or any other government authority in Brazil. All information contained herein is confidential and is for the exclusive use and review of the inte
to the investments. Valuation uncertainties may be compounded if there are problems with the economies of the markets in which the Fund operates. Absence of Investment Company Act protection The Fund is not required to, and will not, register as an investment company under the U.S. Investment Company Act of 1940, as amended
e purposes of the applicable Brazilian regulations and has therefore not been and will not be registered with the Brazilian Securities Commission (Comissao de Valores Mobiliarios) or any other government authority in Brazil. All information contained herein is confidential and is for the exclusive use and review of the inte
to the investments. Valuation uncertainties may be compounded if there are problems with the economies of the markets in which the Fund operates. Absence of Investment Company Act protection The Fund is not required to, and will not, register as an investment company under the U.S. Investment Company Act of 1940, as amended
e purposes of the applicable Brazilian regulations and has therefore not been and will not be registered with the Brazilian Securities Commission (Comissao de Valores Mobiliarios) or any other government authority in Brazil. All information contained herein is confidential and is for the exclusive use and review of the inte
to the investments. Valuation uncertainties may be compounded if there are problems with the economies of the markets in which the Fund operates. Absence of Investment Company Act protection The Fund is not required to, and will not, register as an investment company under the U.S. Investment Company Act of 1940, as amended
e purposes of the applicable Brazilian regulations and has therefore not been and will not be registered with the Brazilian Securities Commission (Comissao de Valores Mobiliarios) or any other government authority in Brazil. All information contained herein is confidential and is for the exclusive use and review of the inte
to the investments. Valuation uncertainties may be compounded if there are problems with the economies of the markets in which the Fund operates. Absence of Investment Company Act protection The Fund is not required to, and will not, register as an investment company under the U.S. Investment Company Act of 1940, as amended
Entities connected to both Comissao de Valores Mobiliarios and Absence of Investment Company Act

the European Council
ORGANIZATIONthe U.S. Investment Company Act
ORGANIZATION
United Kingdom
LOCATION
Columbia University
LOCATION
Macau
LOCATIONthe Securities and Exchange Commission
ORGANIZATION
European Union
ORGANIZATIONel Registro de Valores
ORGANIZATION
Puerto Rico
LOCATION
Ontario
LOCATION
New York State
LOCATIONthe Carried Interest
ORGANIZATIONFinancial Conduct Authority
ORGANIZATION
BAHRAIN
LOCATIONAIFMD
ORGANIZATIONnon-U.S. Investors
ORGANIZATIONAustralian Securities and Investments Commission
ORGANIZATIONGlendower
LOCATIONGlendower Capital
ORGANIZATIONthe SOF Program
ORGANIZATION