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ry as of September 30, 2017 Project name 1- Monet I, II 2- Beethoven 3- Rembrandt 4- Giant 5- Hemingway 6- Modigliani I-V & RE 8- Hockney 9- Chagall 10- Hopper 11- Donatello 12- Pollock 13- Whitney 15- Constable 16- Cecconi 17- Bailey 18- Steinbeck 19- Guardi 21- Windmill I, II 23- Browni
in Capital; IRR = Internal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01398169 Greg Martin Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%
ry as of September 30, 2017 Project name 1- Monet I, II 2- Beethoven 3- Rembrandt 4- Giant 5- Hemingway 6- Modigliani I-V & RE 8- Hockney 9- Chagall 10- Hopper 11- Donatello 12- Pollock 13- Whitney 15- Constable 16- Cecconi 17- Bailey 18- Steinbeck 19- Guardi 21- Windmill I, II 23- Browni
ernal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01396809 GLDUS126 Pacific Life Insurance Co Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%
ry as of September 30, 2017 Project name 1- Monet I, II 2- Beethoven 3- Rembrandt 4- Giant 5- Hemingway 6- Modigliani I-V & RE 8- Hockney 9- Chagall 10- Hopper 11- Donatello 12- Pollock 13- Whitney 15- Constable 16- Cecconi 17- Bailey 18- Steinbeck 19- Guardi 21- Windmill I, II 23- Browni
RR = Internal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01397482 GLDUS127 Annandale Capital Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%
ry as of September 30, 2017 Project name 1- Monet I, II 2- Beethoven 3- Rembrandt 4- Giant 5- Hemingway 6- Modigliani I-V & RE 8- Hockney 9- Chagall 10- Hopper 11- Donatello 12- Pollock 13- Whitney 15- Constable 16- Cecconi 17- Bailey 18- Steinbeck 19- Guardi 21- Windmill I, II 23- Browni
tal; IRR = Internal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01396132 GLDUS125 Gerald Ford Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%
Entities connected to both Chagall and Cambridge Associates'
Glendower
LOCATIONSOF IV
ORGANIZATIONSecondary Opportunities Fund IV
ORGANIZATIONGlendower Capital
ORGANIZATION
Prince Charles
PERSON
United States
LOCATIONPomona
LOCATIONChatterjee
PERSON
Financial Services
ORGANIZATIONthe Private Placement Memorandum
ORGANIZATIONHistorical
ORGANIZATIONGallo & Co.
ORGANIZATIONthe Securities and Exchange Commission
ORGANIZATIONCharles Smith
PERSONGlendower Access Secondary Opportunities IV GP
ORGANIZATIONABN Amro
ORGANIZATION
Abu Dhabi
LOCATION
George Soros
PERSONCDB Web Tech
ORGANIZATIONAccess Fund
ORGANIZATION