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returns in excess of 20% Net IRR (after fees, expenses and carried interest) on a portfolio basis." Prossectite investors Would note that while et Deutsche Asset Management. the SOF Team wet able to mike use of catirtorm personnel and resources in connection with the SOF Program that win not be available to the Glendowe
GLDUSI40 Lawrence Hirsch Section 4. Glendower Capital Secondary Opportunities Fund IV. LP Glendower Capital Secondary Opportunities Fund IV. LP Glendower Capital Secondary
estment firm, privately owned by its partners and focused on secondary private markets formed by the secondary opportunities team that spun-out from Deutsche Asset Management on August 1, 2017. The senior team led by Carlo Pirzio-Biroli and Charles Smith has worked together for 15 years at Deutsche Bank in its asset mana
GLOUS140 Lawrence Hirsch Section 5 Fund Management Glendower Capital Secondary Oppodundies Fund IV. LP Fund Management Glendower Capital Glendower Capital is an independ
endower Capital is an independent secondary private equity manager owned by its partners - Fully funded and operational since its team spun-off from Deutsche Asset Management on August 1st, 2017 - Glendower continues to advise and manage the legacy SOF Program with US$3 billion of third-party client assets Our mission is
GLIDUS140 Lawrence Hirsch I ntroductiont" Glendower Capital Secondary Opportunities Fund IV, LP ("SOF IV") Glendower Capital is an independent secondary private equity mana
ity of Wisconsin - Madison Based in New York, Katie is the Chief Financial Officer for Fund Finance. Prior to Glendower, Katie spent 10 years at Deutsche Asset Management in the SOF fund finance team. first as financial controller and then as the Chef Financial Officer. Prior to Deutsche Bank, Katie was a controller
GLDUS140 Lawrence Hirsch Team Bios RAFAEL ENRIQUEZ - HESLES Associate Stifel EfSo Civil Engineering & Management, Buckneli Untversity Based in New York, Rafael sippo
evrup is responsible for the origination, valuation, execution and monitoring of secondary investments. Prior to Glendower. Demo spent 5 years at Deutsche Asset Management valuing. executing and monitoring secondary investments for the SOF business. From 2008 to 2012. Devrup worked at Goldman Sachs as part of the Na
GLDUS140 Lawrence Hirsch Team Bios RIKESH MOHANDOSS Princi pal Deutsche Bank. Bank of America. Freddie Mac BOA. George Washington University. MBA Columbia Business Sc
for the origination, valuation. execution and monitoring of secondary investments. Prior to joining Glendower Capital. Victoria spent 5 years at Deutsche Asset Management vatting, executing and monitoring secondary investments for the SOF business. From 2009 to 2012. Victoria worked as Analyst at HSBC where she wor
GLDUS140 Lawrence Hirsch Team Bios VICTORIA LOIDL Vice President Deutsche Bank. HSBC Based in London, Victoria is responsible for the origination, valuation. execution
Entities connected to both Deutsche Asset & Wealth Management and Lawrence Hirsch

Lawrence Krauss
PERSONDeutsche Bank Securities Inc.
ORGANIZATIONGlendower
LOCATIONGlendower Capital
ORGANIZATION
Deutsche Bank
ORGANIZATIONSOF IV
ORGANIZATION
United States
LOCATIONthe SOF Program
ORGANIZATIONAccess Fund
ORGANIZATION
Credit Suisse
ORGANIZATIONSOF Team
ORGANIZATION
Prince Charles
PERSONiCapital Advisors
ORGANIZATIONCharles Smith
PERSONChi Cheung
PERSON
Financial Services
ORGANIZATIONSecondary Opportunities Fund IV
ORGANIZATIONAdam Graev
PERSON
United Kingdom
LOCATIONThe Glendower SOF Team
ORGANIZATION