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2013 rt Source Glendower Capitals proprietary information The Deutsche Bark proprietary pmnste equty restructunng took dace between 21:03 and 2006 Charles Smith and Carlo Fraroarob played a rote alongside ether Deutsche Bank cdleagues in the Bansactiors that contributed to the disposition or Deutsche Bank's
GLDUS137 Forrestal Capital LLC Section 1: ExeCulive Summary Glendower Capital Secondary Opportunities Fund N. LP Established track record"• 2° As of September 30, 2017 the SOF
ty kind sponsors (each such co-investment. a 'Single Asset Dear). SOF IV will be the fourth dedicated secondary fund led by Carlo Pirzio-Biroli and Charles Smith (the 'Managing Partners") and invested by Glendower Capital's team of investment professionals. As described in *History' (immediately below), thi
GLDUS137 Forrestal Capital LLC Section 1: Executive Summary Glendower Capital Secondary OppoetunCes Fund IV, LP Executive Summary Overview Glendower Capital Secondary Opportun
0* Associate, London 2 years with the team Louise Schoeman 0 6 Vice President, Finance, London Re-pined team in 2017 Glendower Capital Charles Smith 0 Managing Partner, CIO - London Deutsche Bank; Bankers Trust; Coopers 8 Lybrand .IA. Cambridge Debt:mai; ALMA Joshua Glaser Of Partner, Clien
GLOUS 137 Forrestal Capital LLC Glendower Capital Team Core members of senior team have worked together for 15 years ai Rene: tint year.. Carlo Pitzio-Biroll 00 Managing Partn
Entities connected to both Charles Smith and Forrestal Capital LLC

Prince Charles
PERSONGlendower
LOCATION
Deutsche Bank
ORGANIZATIONGlendower Capital
ORGANIZATIONDeirdre Davies
PERSONFrancesco Rigamonti
PERSONSOF IV
ORGANIZATIONJoshua Glaser
PERSONthe SOF Program
ORGANIZATIONAccess Fund
ORGANIZATION
Credit Suisse
ORGANIZATION
United States
LOCATIONSOF Team
ORGANIZATIONDeutsche Asset & Wealth Management
ORGANIZATIONthe SOF Team
ORGANIZATIONCarlo Pirzio-Biroli
PERSONInternal Rate of Return
ORGANIZATIONSOF D. SOF II
ORGANIZATION
United Kingdom
LOCATIONThe Glendower SOF Team
ORGANIZATION