Epstein Secrets

—GP-led secondaries as % of total (I; Scgm ce. Glendora< Capital analysis based on Gieonhil Secondary Marker!' enr.ls 3 Outlook. January 201S: and Dow Jones, Private Equity Antilyst Guide to the Seeenrlary Market, June 2917 Glendower Capital STRICTLY CONFIDENTIAL 25% 20% 15% 10% 5% 0% CONFID

CAIST1.! YE C:7 One EcpåIty Partners WARMING Plyt DNUANCED • Lt^zir1/2.t.1 Can in!. DUKE STREET ilka:Yr-..• :Anna g• RAI] cny zit Sb GMT Zurmont Madison STAGE ZOMBIE GPs USSIm 15 14 13 12 11 10 9 8 7 6 5 4 3 a 2.4 2.7 1.9 2 1 0 18% CAGR • . 0.6 1.9 8.2 7.1 % of Secondary

es —GP-led secondaries as % of total (I; Sourne. Glendower Capital analysis basted on Gieonhil Secondary Market ireixls 3 Outlook. January MIS: and Dow Jones. Private Equity Antilyst Guide to the Secondary Market, June 2917 Glendower Capital STRICTLY CONFIDENTIAL 25% 20% 15% 10% 5% 0% CONFIDE

DIAMOND CAIST1.! FEC:7 One Equity Partners WARMINGPI:W2)N DNUANC, • Lt^zir1/2.t.1 Can in!. DUKE STREET ilka:Yr-..• :Anna Prikst zit • GMT Zurmont Madison STAGE ZOMBIE GPs USSIdn 15 14 13 12 11 10 9 8 7 6 5 4 3 a 2.4 2.7 1.9 2 1 0 18% CAGR • . 0.6 1.9 8.2 7.1 % of Secondary

ies —GP-led secondaries as % of total (I;. Fosse. Glendower Capital analysis based rn Gieenhil Secondary Market ireixls 3 Outlook. January MIS: and Dow Jones. Private Equity Anislyst Guide to the Secondary Market, June 2917 Glendower Capital STRICTLY CONFIDENTIAL 25% 20% 15% 10% 5% 0% CONFIDE

! YE C:7 One Eccety Partners WARMINGPI:W2)N NAN( ED • Lt^zir1/2.t.1 Can in!. DUKE STREET ilka:Yr-..• :Anna Etitkio SbnA • city zit GMT Zurmont Madison STAGE ZOMBIE GPs USSbn 15 14 13 12 11 10 9 8 7 6 5 4 3 a 2.4 2.7 1.9 2 1 0 18% CAGR • . 0.6 1.9 8.2 7.1 % of Secondary